10-Q Filing

RIVERBED TECHNOLOGY, INC. CIK: 1357326 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001357326-14-000011`
Period End Date	20140331
Filing Date	20140501
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	rvbd-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 42 Cash Flow Statement 62 Comprehensive Income 9

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.71M	USD	Point-in-time
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.00M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$208.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$244.90M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$280.51M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$251.34M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$229.29M	USD	Point-in-time
Trade receivables, net of allowances of $1,709 and $1,996 as of March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$93.84M	USD	Point-in-time
Trade receivables, net of allowances of $1,709 and $1,996 as of March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$99.10M	USD	Point-in-time
Inventory	`InventoryNet`	$21.22M	USD	Point-in-time
Inventory	`InventoryNet`	$25.02M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$7.22M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$10.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$57.22M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$662.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$634.46M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$85.46M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$72.67M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$57.81M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$68.61M	USD	Point-in-time
Goodwill	`Goodwill`	$704.30M	USD	Point-in-time
Goodwill	`Goodwill`	$704.30M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$404.47M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$382.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$23.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$22.32M	USD	Point-in-time
Total assets	`Assets`	$1.93B	USD	Point-in-time
Total assets	`Assets`	$1.90B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.52M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$50.34M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$51.99M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$36.52M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$37.23M	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$15.00M	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$15.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$231.43M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$217.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$376.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$366.16M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$95.34M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$93.39M	USD	Point-in-time
Long-term Debt	`LongTermDebt`	$506.25M	USD	Point-in-time
Borrowings, non-current, net of current maturities	`LongTermDebtNoncurrent`	$510.00M	USD	Point-in-time
Deferred tax liabilities, non-current	`DeferredTaxLiabilitiesNoncurrent`	$48.55M	USD	Point-in-time
Deferred tax liabilities, non-current	`DeferredTaxLiabilitiesNoncurrent`	$45.88M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$48.91M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$49.76M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$702.80M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$695.27M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value 30,000 shares authorized, no shares outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value 30,000 shares authorized, no shares outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value 600,000 shares authorized; 160,503 and 159,845 shares issued and outstanding as of March, 31, 2014 and December 31, 2013, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$724.32M	USD	Point-in-time
Common stock and additional paid-in capital; $0.0001 par value 600,000 shares authorized; 160,503 and 159,845 shares issued and outstanding as of March, 31, 2014 and December 31, 2013, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$702.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$128.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$237.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$416.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$828.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$853.14M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.90B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.93B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$150.16M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$148.04M	USD	1 Quarter
Support and services	`SalesRevenueServicesNet`	$98.10M	USD	1 Quarter
Support and services	`SalesRevenueServicesNet`	$115.25M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$265.42M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$246.14M	USD	1 Quarter
Cost of product	`CostOfGoodsSold`	$38.28M	USD	1 Quarter
Cost of product	`CostOfGoodsSold`	$40.90M	USD	1 Quarter
Cost of support and services	`CostOfServices`	$28.04M	USD	1 Quarter
Cost of support and services	`CostOfServices`	$31.63M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$69.91M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$68.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$195.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$177.20M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$114.75M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$115.72M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$50.65M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$48.96M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$19.12M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$19.11M	USD	1 Quarter
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	$2.67M	USD	1 Quarter
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	$4.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$187.19M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$187.93M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-10.73M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$8.32M	USD	1 Quarter
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-2.71M	USD	1 Quarter
Interest and other expense, net	`OtherNonoperatingIncomeExpense`	$-6.36M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.61M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.10M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-8.99M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$2.32M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-8.11M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.29M	USD	1 Quarter
Basic (in usd per shares)	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Basic (in usd per shares)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted (in usd per shares)	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Diluted (in usd per shares)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.37M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	160.19M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	163.37M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	165.31M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-8.11M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$31.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.99M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$24.53M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$21.75M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.80M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-895.00K	USD	1 Quarter
Excess tax benefit from employee stock plans	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.81M	USD	1 Quarter
Excess tax benefit from employee stock plans	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.89M	USD	1 Quarter
Other noncash items	`OtherNoncashIncomeExpense`	$227.00K	USD	1 Quarter
Other noncash items	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$5.26M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-12.15M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.55M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-3.81M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.67M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.51M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.09M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.19M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-17.27M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-84.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.71M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-388.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$12.34M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$25.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.37M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.27M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.35M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.30M	USD	1 Quarter
Purchase of available for sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$94.19M	USD	1 Quarter
Purchase of available for sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$132.18M	USD	1 Quarter
Proceeds from maturities of available for sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$94.25M	USD	1 Quarter
Proceeds from maturities of available for sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$90.69M	USD	1 Quarter
Proceeds from sales of available for sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$8.84M	USD	1 Quarter
Proceeds from sales of available for sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$14.50M	USD	1 Quarter
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.34M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.41M	USD	1 Quarter
Proceeds from issuance of common stock under employee stock plans	`ProceedsFromStockPlans`	$10.81M	USD	1 Quarter
Proceeds from issuance of common stock under employee stock plans	`ProceedsFromStockPlans`	$25.03M	USD	1 Quarter
Payments for repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.00M	USD	1 Quarter
Payments for repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.03M	USD	1 Quarter
Payments of borrowings principle	`RepaymentsOfDebt`	$3.75M	USD	1 Quarter
Payments of borrowings principle	`RepaymentsOfDebt`	$49.32M	USD	1 Quarter
Excess tax benefit from employee stock plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.89M	USD	1 Quarter
Excess tax benefit from employee stock plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.81M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.83M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-61.73M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.37M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-247.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-53.16M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$36.88M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$208.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$227.35M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$244.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$280.51M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$208.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$227.35M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$244.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$280.51M	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-8.11M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.29M	USD	1 Quarter
Unrealized gain (loss) on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-159.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-633.00K	USD	1 Quarter
Derivative instruments gain (loss), net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-713.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-179.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.50M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-9.62M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$3.11M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.