10-Q Filing

AMBARELLA INC CIK: 1280263 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-012295`
Period End Date	20170430
Filing Date	20170608
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	amba-20170430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 30 Cash Flow Statement 67 Comprehensive Income 8

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preference shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preference shares, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$267.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$335.18M	USD	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$268.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$322.87M	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$84.99M	USD	Point-in-time
Preference shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecurities`	$82.52M	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Ordinary shares, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$38.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$22.87M	USD	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Ordinary shares, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$19.07M	USD	Point-in-time
Inventories	`InventoryNet`	$20.14M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$8.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.00K	USD	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	33.37M	shares	Point-in-time
Ordinary shares, shares issued	`CommonStockSharesIssued`	33.53M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.39M	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	33.53M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.30M	USD	Point-in-time
Ordinary shares, shares outstanding	`CommonStockSharesOutstanding`	33.37M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$468.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$465.42M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.24M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.99M	USD	Point-in-time
Deferred tax assets, non-current	`DeferredTaxAssetsNetNoncurrent`	$5.77M	USD	Point-in-time
Deferred tax assets, non-current	`DeferredTaxAssetsNetNoncurrent`	$6.03M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$13.61M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.15M	USD	Point-in-time
Goodwill	`Goodwill`	$26.60M	USD	Point-in-time
Goodwill	`Goodwill`	$26.60M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.22M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.17M	USD	Point-in-time
Total assets	`Assets`	$519.07M	USD	Point-in-time
Total assets	`Assets`	$512.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.70M	USD	Point-in-time
Accrued and other current liabilities	`AccruedAndOtherLiabilitiesCurrent`	$20.93M	USD	Point-in-time
Accrued and other current liabilities	`AccruedAndOtherLiabilitiesCurrent`	$26.45M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$555.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$568.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$7.42M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.74M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.24M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$54.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$57.64M	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preference shares, $0.00045 par value per share, 20,000,000 shares authorized and no shares issued and outstanding at April 30, 2017 and January 31, 2017, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.00045 par value per share, 20,000,000 shares authorized and no shares issued and outstanding at April 30, 2017 and January 31, 2017, respectively	`PreferredStockValue`	-	USD	Point-in-time
Ordinary shares, $0.00045 par value per share, 200,000,000 shares authorized at April 30, 2017 and January 31, 2017, respectively; 33,534,253 shares issued and outstanding at April 30, 2017; 33,369,032 shares issued and outstanding at January 31, 2017	`CommonStockValue`	$15.00K	USD	Point-in-time
Ordinary shares, $0.00045 par value per share, 200,000,000 shares authorized at April 30, 2017 and January 31, 2017, respectively; 33,534,253 shares issued and outstanding at April 30, 2017; 33,369,032 shares issued and outstanding at January 31, 2017	`CommonStockValue`	$15.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$219.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$212.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-88.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-70.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$242.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$244.98M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$454.63M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$464.33M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$519.07M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$512.27M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$64.14M	USD	1 Quarter
Revenue	`Revenues`	$57.16M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$23.17M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$20.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$40.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$36.71M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$24.47M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.89M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.74M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.35M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$35.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.35M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.62M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$27.00K	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$153.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.77M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$206.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-408.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.78M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	32.43M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.25M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.95M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.69M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.78M	USD	1 Quarter
Depreciation of property and equipment	`DepreciationDepletionAndAmortization`	$453.00K	USD	1 Quarter
Depreciation of property and equipment	`DepreciationDepletionAndAmortization`	$412.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$11.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$292.00K	USD	1 Quarter
Amortization/accretion of marketable securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-57.00K	USD	1 Quarter
Amortization/accretion of marketable securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-76.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$12.97M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.30M	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$-38.00K	USD	1 Quarter
Other non-cash items, net	`OtherNoncashIncomeExpense`	$-30.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.72M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.91M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-246.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.08M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-323.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.09M	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$254.00K	USD	1 Quarter
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$-256.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-56.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-32.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.08M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.17M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.05M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.21M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-13.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-787.00K	USD	1 Quarter
Deferred tax liabilities	`IncreaseDecreaseInDeferredTaxLiabilities`	$-58.00K	USD	1 Quarter
Deferred tax liabilities	`IncreaseDecreaseInDeferredTaxLiabilities`	-	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.87M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.98M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$11.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.55M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$23.02M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$35.86M	USD	1 Quarter
Purchase of investments	`PaymentsToAcquireAvailableForSaleSecurities`	$7.07M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$8.97M	USD	1 Quarter
Sales of investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$1.00M	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$10.79M	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$3.49M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$955.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$469.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.56M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.54M	USD	1 Quarter
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$29.00M	USD	Annual
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Stock repurchase	`PaymentsForRepurchaseOfCommonStock`	$8.77M	USD	1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$915.00K	USD	1 Quarter
Proceeds from exercise of stock options and employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.59M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$915.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.18M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.31M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-97.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$267.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$335.18M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$268.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$322.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$267.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$335.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$268.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$322.87M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$241.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$290.00K	USD	1 Quarter
Increase in liabilities related to intangible and fixed asset purchases	`CapitalExpendituresIncurredButNotYetPaidAndFinancingIncurredForIntangibleAndFixedAssetPurchases`	$153.00K	USD	1 Quarter
Increase in liabilities related to intangible and fixed asset purchases	`CapitalExpendituresIncurredButNotYetPaidAndFinancingIncurredForIntangibleAndFixedAssetPurchases`	$9.94M	USD	1 Quarter

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.78M	USD	1 Quarter
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-18.00K	USD	1 Quarter
Unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$27.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$27.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-18.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.55M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.81M	USD	1 Quarter

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