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Blue Coat Systems, Inc.
Business Summary
Blue Coat Systems, Inc. is a privately-held provider of Web security and WAN optimization solutions. Blue Coat Systems, Inc.’s products allows enterprises to align network investments with business requirements. Blue Coat Systems, Inc. was founded in 1996, and has headquarter locations in Sunnyvale, CA.
Overview & Corporate Organization
Basic Information
| Company Tags: | PE Backed |
| Year Founded: | 1996 |
| Fiscal Year End: | 04/30 |
| City: | Sunnyvale |
| State/Province: | California |
| Country: | United States |
| Website: | www.bluecoat.com |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Technology > Computer Peripherals |
| Technology > Communications, Networking & Storage Technology > Data Storage Devices |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
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| Income Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
| Sales Revenue, Net - Goods | View | View | View | View | View | View | $78,495,000 | $52,251,000 | $35,827,000 | $47,763,000 | $93,341,000 | |||
| Sales Revenue, Net - Services | View | View | View | View | View | View | $17,691,000 | $13,817,000 | $9,911,000 | $7,878,000 | $4,398,000 | |||
| Net Other Sales Revenue | $0 | |||||||||||||
| Net Sales Revenue | View | View | View | View | $55,641,000 | $97,739,000 | $29,277,000 | $7,036,000 | $0 | |||||
| Revenues | View | View | $96,186,000 | $66,068,000 | $45,738,000 | |||||||||
| Cost of Goods Sold | View | View | View | View | View | View | $25,726,000 | $17,214,000 | $12,733,000 | $25,934,000 | $48,161,000 | $11,212,000 | $3,297,000 | $0 |
| Cost of Services | View | View | View | View | View | View | $5,784,000 | $4,142,000 | $4,582,000 | |||||
| Cost of Goods and Services Sold | View | View | View | View | View | View | $31,510,000 | $21,356,000 | $17,315,000 | |||||
| Gross Profit | View | View | View | View | View | View | $64,676,000 | $44,712,000 | $28,423,000 | $29,707,000 | $49,578,000 | $18,065,000 | $3,739,000 | $0 |
| Selling and Marketing Expenses | View | View | View | View | View | View | $35,334,000 | $25,664,000 | $26,236,000 | $30,046,000 | $61,478,000 | $28,903,000 | $6,865,000 | $1,655,000 |
| Total Stock Compensation | $19,473,000 | $69,168,000 | $38,405,000 | $3,776,000 | $59,000 | |||||||||
| Other General and Administrative Expenses | $9,524,000 | $10,512,000 | $4,757,000 | $2,069,000 | $1,630,000 | |||||||||
| General and Administrative Expenses | View | View | View | View | View | View | $6,703,000 | $8,149,000 | $5,042,000 | |||||
| In - Process Research and Development | View | $0 | $151,000 | $0 | $0 | $32,200,000 | $0 | $0 | ||||||
| Research and Development Expense (Excluding In - Process) | View | View | View | View | View | View | $17,881,000 | $13,454,000 | $11,911,000 | $35,082,000 | $27,682,000 | $9,646,000 | $4,034,000 | $2,396,000 |
| Amortization Goodwill | $29,489,000 | $98,987,000 | $0 | $0 | ||||||||||
| Amortization - Intangibles (Nonproductive) | View | View | View | View | View | View | $648,000 | $305,000 | $0 | $0 | ||||
| Restructuring Charges | View | View | View | View | View | View | ($96,000) | $1,536,000 | $1,273,000 | $15,475,000 | $1,850,000 | $0 | $0 | |
| Asset Impairment Charges | $138,785,000 | $272,871,000 | $0 | $0 | ||||||||||
| Litigation Expense | $1,100,000 | $0 | $0 | |||||||||||
| Total Operating Expenses excluding costs | View | View | View | View | View | View | $60,470,000 | $50,359,000 | $44,462,000 | $277,874,000 | $574,748,000 | $81,711,000 | $16,744,000 | $5,740,000 |
| Operating Income/(Loss) | View | View | View | View | View | View | $4,206,000 | ($5,647,000) | ($16,039,000) | ($248,167,000) | ($525,170,000) | ($63,646,000) | ($13,005,000) | ($5,740,000) |
| Interest Expense | View | View | View | View | View | $309,000 | $357,000 | $25,000 | ||||||
| Interest Income | View | View | View | View | View | View | $691,000 | $295,000 | $437,000 | $2,096,000 | $6,705,000 | $3,780,000 | $160,000 | $258,000 |
| Non-operating Expense - Other | View | View | $124,000 | $313,000 | $438,000 | |||||||||
| Non-operating Income/(Expense) - Other | View | View | View | View | $115,000 | ($65,000) | ($499,000) | |||||||
| Income/(Loss) from Continuing Operations Before Income Taxes | View | View | View | View | View | View | $4,773,000 | ($5,237,000) | ($15,667,000) | ($246,570,000) | ($518,778,000) | ($60,613,000) | ($13,202,000) | ($5,507,000) |
| Provision for Income Taxes | View | View | View | View | View | View | $117,000 | $124,000 | $261,000 | $461,000 | $318,000 | $73,000 | $0 | $0 |
| Net Income (Loss) | View | View | View | View | View | View | $4,656,000 | ($5,361,000) | ($15,928,000) | ($247,031,000) | ($519,096,000) | ($60,686,000) | ($13,202,000) | ($5,507,000) |
| Other Preferred Stock Dividends and Adjustments | $1,967,000 | $0 | $0 | |||||||||||
| Net Income Applicable to Common Stockholders | ($62,653,000) | ($13,202,000) | ($5,507,000) |
| Balance Sheet | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
| Cash and Cash Equivalents | View | View | View | View | View | View | $47,184,000 | $39,504,000 | $12,784,000 | $12,480,000 | $55,356,000 | $91,532,000 | $2,291,000 |
| Short-Term Investments | View | View | View | $80,000 | $10,538,000 | $27,466,000 | $26,208,000 | $33,788,000 | $0 | ||||
| Current Restricted Cash | View | View | |||||||||||
| Current Restricted Investments | $0 | $765,000 | $0 | ||||||||||
| Net Accounts Receivable Trade | View | View | View | View | View | View | $11,541,000 | $10,441,000 | $8,080,000 | $6,100,000 | $14,365,000 | $3,112,000 | $1,353,000 |
| Net Inventories | View | View | View | View | View | View | $350,000 | $1,228,000 | $1,594,000 | $1,988,000 | $7,018,000 | $4,741,000 | $932,000 |
| Current Deferred Income Taxes | View | View | View | View | View | ||||||||
| Prepaid Expenses | View | View | View | View | View | View | $3,460,000 | $1,829,000 | $922,000 | $1,576,000 | $3,240,000 | $1,200,000 | $60,000 |
| Current Assets | View | View | View | View | View | View | $62,615,000 | $53,002,000 | $33,918,000 | $49,610,000 | $106,952,000 | $134,373,000 | $4,636,000 |
| Net Property, Plant and Equipment | View | View | View | View | View | View | $3,763,000 | $2,490,000 | $3,024,000 | $6,047,000 | $12,563,000 | $4,721,000 | $1,351,000 |
| Investment in Affiliates | View | ||||||||||||
| Other Long Term Investments | View | ||||||||||||
| Goodwill | View | View | View | View | View | View | $24,753,000 | $7,456,000 | $0 | $164,264,000 | |||
| Finite-Lived - Computer Software | $0 | ||||||||||||
| Other Intangible Assets (Excluding Goodwill) | $1,849,000 | ||||||||||||
| Intangible Assets (Excluding Goodwill) | View | View | View | View | View | View | $3,993,000 | $0 | |||||
| Net Intangible Assets | $0 | ||||||||||||
| Noncurrent Deferred Tax Assets | View | View | View | View | View | ||||||||
| Restricted Assets Noncurrent | $1,855,000 | $1,991,000 | $1,991,000 | $1,991,000 | $1,991,000 | $0 | |||||||
| Restricted Cash | View | View | View | View | View | View | |||||||
| Noncurrent Other Assets | View | View | View | View | View | View | $883,000 | $881,000 | $1,059,000 | $1,066,000 | $1,462,000 | $1,640,000 | $729,000 |
| Assets | View | View | View | View | View | View | $97,862,000 | $67,669,000 | $39,992,000 | $58,714,000 | $287,232,000 | $140,734,000 | $6,716,000 |
| Accounts Payable | View | View | View | View | View | View | $3,743,000 | $2,890,000 | $616,000 | $2,558,000 | $6,761,000 | $2,465,000 | $1,464,000 |
| Accrued Expenses - Other | View | View | View | $3,979,000 | $7,564,000 | $2,846,000 | $8,562,000 | $8,906,000 | $1,487,000 | $166,000 | |||
| Employee Related Liabilities | View | View | View | View | View | View | $4,359,000 | $2,564,000 | $1,905,000 | $2,594,000 | $6,034,000 | $2,611,000 | $420,000 |
| Current Deferred/(Unearned) Revenue | View | View | View | View | View | View | $13,592,000 | $10,147,000 | $8,711,000 | $6,153,000 | $7,371,000 | $1,375,000 | $367,000 |
| Current Line of Credit | $643,000 | ||||||||||||
| Current Portion of Long-Term Debt | $789,000 | ||||||||||||
| Current Portion of Restructuring Reserve | View | View | $2,729,000 | $3,100,000 | $2,921,000 | ||||||||
| Current Other Liabilities | View | View | View | ||||||||||
| Current Liabilities | View | View | View | View | View | View | $28,402,000 | $26,265,000 | $16,999,000 | $19,867,000 | $29,072,000 | $7,938,000 | $3,849,000 |
| Convertible Debt | View | View | View | View | |||||||||
| Long-Term Debt | $3,211,000 | ||||||||||||
| Restructuring Reserve | View | $914,000 | $3,504,000 | $5,116,000 | $7,182,000 | $0 | |||||||
| Minority Interest | View | View | View | ||||||||||
| Deferred Tax Liability | View | View | |||||||||||
| Deferred/(Unearned) Revenue - Long-Term | View | View | View | View | View | View | $3,318,000 | $1,785,000 | $1,100,000 | $1,401,000 | $1,409,000 | $166,000 | $0 |
| Other Deferred Long Term Liability Charges | View | View | View | View | View | View | $0 | ||||||
| Income Taxes Payable Noncurrent | View | View | View | View | |||||||||
| Noncurrent Other Liabilities | View | View | View | View | View | View | |||||||
| Liabilities | $32,634,000 | $31,554,000 | $23,215,000 | $28,450,000 | $30,481,000 | $8,104,000 | $7,060,000 | ||||||
| Redeemable Convertible Preferred Stock Obligations | View | View | |||||||||||
| Preferred Stock - Value (Excluding Additional Paid in Capital) | View | View | View | View | View | View | $0 | $0 | $0 | $0 | $0 | $1,000 | |
| Common Stock - Value (Excluding Additional Paid in Capital) | View | View | View | View | View | View | $1,000 | $1,000 | $1,000 | $4,000 | $4,000 | $4,000 | $1,000 |
| Additional Paid in Capital | View | View | View | View | View | View | $973,530,000 | $903,141,000 | $883,352,000 | $883,964,000 | $896,773,000 | $264,304,000 | $30,877,000 |
| Retained Earnings | View | View | View | View | View | View | ($904,672,000) | ($865,399,000) | ($865,051,000) | ($849,123,000) | ($601,901,000) | ($82,805,000) | ($20,152,000) |
| Treasury Stock - Value | View | View | View | View | View | View | $903,000 | $903,000 | $903,000 | $895,000 | $3,994,000 | $570,000 | $0 |
| Other Accumulated Comprehensive Income, Net of Tax Effect | View | View | View | $1,000 | $2,000 | $13,000 | ($7,000) | ($210,000) | ($101,000) | $0 | |||
| Deferred Compensation | View | $2,729,000 | $727,000 | $607,000 | $3,622,000 | $33,348,000 | $43,489,000 | $10,067,000 | |||||
| Equity - Other | ($28,000) | ($57,000) | ($573,000) | ($4,713,000) | ($1,004,000) | ||||||||
| Stockholders' Equity | View | View | View | View | View | View | $65,228,000 | $36,115,000 | $16,777,000 | $30,264,000 | $256,751,000 | $132,630,000 | ($344,000) |
| Liabilities and Stockholders' Equity | View | View | View | View | View | View | $97,862,000 | $67,669,000 | $39,992,000 | $58,714,000 | $287,232,000 | $140,734,000 | $6,716,000 |
| Cash Flow Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
| Operating Activities Beginning Net Income | View | View | View | View | View | View | $4,656,000 | ($5,361,000) | ($15,928,000) | ($247,031,000) | ($519,096,000) | ($60,686,000) | ($13,202,000) | ($5,507,000) |
| Depreciation (Non-Production) | View | View | View | View | View | View | $1,679,000 | $2,068,000 | $2,930,000 | $5,204,000 | ||||
| Amortization | View | View | View | View | View | View | $1,012,000 | $305,000 | $0 | $29,488,000 | ||||
| Depreciation and Amortization | $2,733,000 | $774,000 | $261,000 | $91,000 | ||||||||||
| Adjustment Accretion | View | View | ||||||||||||
| Adjustment In-Process Research and Development | View | $0 | $151,000 | $0 | ||||||||||
| Restructuring Charges | View | View | ($96,000) | $1,536,000 | ||||||||||
| Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment | View | View | View | View | View | View | ($14,000) | $29,000 | ($53,000) | ($35,000) | ($4,000) | |||
| Tax Benefit from Exercise of Stock Options | View | View | View | View | View | View | ||||||||
| Adjustment Issuance Stock and or Warrants | View | View | View | |||||||||||
| Adjustment for Equity Based Compensation Expense | View | View | View | View | View | View | $744,000 | $6,104,000 | $2,070,000 | $19,473,000 | $69,168,000 | $38,405,000 | $3,776,000 | $59,000 |
| Deferred Income Taxes | View | View | View | View | ||||||||||
| Other Adjustments to Common Stockholders' Net Income - Increase/(Decrease) | $28,000 | ($14,000) | ($19,000) | ($157,000) | $94,000 | $432,000 | $0 | |||||||
| Noncash Expenses - Other | $154,261,000 | $405,908,000 | $0 | $0 | ||||||||||
| Change Accounts Receivable | View | View | View | View | View | View | $513,000 | $2,361,000 | $1,980,000 | ($8,265,000) | $11,253,000 | $1,759,000 | $1,353,000 | $0 |
| Increase/(Decrease) in Inventories | View | View | View | View | View | View | ($878,000) | ($366,000) | ($133,000) | ($5,030,000) | $2,277,000 | $3,809,000 | $525,000 | $369,000 |
| Change Prepaid Expenses Other Current Assets | View | View | $1,558,000 | $673,000 | ($654,000) | ($1,664,000) | $1,869,000 | $1,396,000 | $7,000 | $40,000 | ||||
| Change Prepaid Expenses Other Assets | View | View | View | View | ||||||||||
| Deferred Income Taxes | View | View | $0 | |||||||||||
| Increase/(Decrease) in Deferred Charges | View | View | $0 | $0 | ||||||||||
| Increase/(Decrease) in Other Non-operating Assets | View | View | ($430,000) | ($184,000) | ($7,000) | ($396,000) | ($90,000) | $883,000 | $719,000 | $7,000 | ||||
| Increase/(Decrease) in Accounts Payable | View | View | View | View | View | View | $619,000 | $2,279,000 | ($1,942,000) | ($4,203,000) | ($2,861,000) | $1,001,000 | $1,035,000 | $362,000 |
| Change Other Accrued Expenses | View | View | ($2,897,000) | ($3,294,000) | ||||||||||
| Increase/(Decrease) in Accrued Expenses | View | View | View | View | View | ($4,767,000) | ($1,226,000) | ($227,000) | $359,000 | |||||
| Increase/(Decrease) in Unearned Premiums | View | View | View | View | View | View | $4,316,000 | $1,947,000 | $2,518,000 | ($12,166,000) | $5,694,000 | $4,686,000 | $594,000 | |
| Increase/(Decrease) in Employee Related Liabilities | View | View | $1,741,000 | $701,000 | ||||||||||
| Net Cash Flows Provided By/(Used In) Operating Activities | View | View | View | View | View | View | $11,025,000 | $3,951,000 | ($16,266,000) | ($40,829,000) | ($54,143,000) | ($23,573,000) | ($9,708,000) | ($5,052,000) |
| Purchase of Property, Plant and Equipment | View | View | View | View | View | View | $2,548,000 | $1,431,000 | $743,000 | $2,644,000 | $9,763,000 | $4,034,000 | $971,000 | $623,000 |
| Purchase of Other Investments | View | |||||||||||||
| Proceeds Sale Marketable Securities | $17,028,000 | |||||||||||||
| Increase/(Decrease) Investments Affiliate | View | |||||||||||||
| Increase Decrease Restricted Funds | View | View | View | View | View | View | ||||||||
| Acquisition of Businesses, Net of Cash Acquired | View | View | View | View | View | View | $2,118,000 | $3,628,000 | $0 | $0 | ||||
| Cash Acquired From Acquisition | $7,813,000 | $0 | $0 | |||||||||||
| Net Proceeds from Sale of Short-Term Investments | View | View | View | View | View | View | $135,000 | $10,447,000 | ||||||
| Net Purchase of Short-Term Investments | View | View | View | $0 | $0 | ($3,410,000) | ||||||||
| Increase Decrease Marketable Securities | ($290,000) | $5,421,000 | ($33,897,000) | $0 | ||||||||||
| Purchase Software | $537,000 | $0 | $0 | |||||||||||
| Proceeds from Sale of Property, Plant and Equipment | View | View | $0 | $39,000 | $0 | $0 | ||||||||
| Net Cash Flows Provided By/(Used In) Investing Activities | View | View | View | View | View | View | ($5,068,000) | $5,427,000 | $16,285,000 | ($2,934,000) | $3,471,000 | ($37,931,000) | ($971,000) | $2,787,000 |
| Proceeds from Lines of Credit | $643,000 | $0 | ||||||||||||
| Repayments on Notes Receivable | ($27,000) | ($337,000) | $0 | $0 | ||||||||||
| Proceeds Convertible Debt | View | View | View | View | View | |||||||||
| Proceeds Debt | $4,000,000 | $128,000 | ||||||||||||
| Repayments Debt | $4,753,000 | $73,000 | $55,000 | |||||||||||
| Excess Tax Benefit Stock Option Exercised | View | View | View | View | View | View | ||||||||
| Proceeds from Issuance of Common Stock | View | View | View | View | View | View | $1,803,000 | $4,318,000 | $344,000 | $990,000 | $15,004,000 | $132,112,000 | $1,051,000 | $25,000 |
| Proceeds from Issuance of Preferred Stock | $23,526,000 | $0 | $9,329,000 | |||||||||||
| Proceeds from Issuance of Convertible Preferred Stock | View | |||||||||||||
| Proceeds from Issuance of Redeemable Convertible Preferred Stock | View | $0 | ||||||||||||
| Increase/(Decrease) in Other Equity | $12,944,000 | $0 | $0 | |||||||||||
| Repurchase of Common Stock | $6,000 | $440,000 | $508,000 | $140,000 | $0 | $8,000 | ||||||||
| Repurchase of Minority Interest | View | View | View | |||||||||||
| Net Cash Flows Provided By/(Used In) Financing Activities | View | View | View | View | View | View | $1,803,000 | $17,262,000 | $365,000 | $887,000 | $14,496,000 | $150,745,000 | $5,621,000 | $9,419,000 |
| Increase/(Decrease) in Cash and Cash Equivalents | View | View | View | View | View | View | $7,760,000 | $26,640,000 | $384,000 | ($42,876,000) | ($36,176,000) | $89,241,000 | ($5,058,000) | $7,154,000 |
| Cash and cash equivalents at the beginning of the year | View | View | View | View | View | View | $39,424,000 | $12,784,000 | $12,480,000 | $55,356,000 | $91,532,000 | $2,291,000 | $7,349,000 | $195,000 |
| Total Cash and cash equivalents at the end of the year | View | View | View | View | View | View | $47,184,000 | $39,424,000 | $12,864,000 | $12,480,000 | $55,356,000 | $91,532,000 | $2,291,000 | $7,349,000 |
| Income Taxes Paid | View | View | View | View | View | View | $98,000 | $277,000 | $313,000 | $339,000 | ||||
| Cash Interest Expense | View | View | View | View | View | View | $309,000 | $375,000 | $10,000 | |||||
| Conversion of Debt Securities | View | View | View | |||||||||||
| Supplemental Property Plant Equipment Acquired | $110,000 | $0 | $0 | |||||||||||
| Stock Issued | View | View | $21,971,000 | $2,540,000 | $0 | $0 | $579,076,000 | ($3,547,000) | $0 | |||||
| Supplemental Other Net | View | View | View | View | View | $191,000 | $0 | $2,476,000 | ($567,000) | $0 |
| Financial Notes: | |
| * | Blue Coat Systems, Inc. fiscal year end: 04/30 |
Charts, Financials, and Statistics (Graphs)
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Blue Coat Systems, Inc. Sales Revenue, Net - Goods ($ MM): |
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Blue Coat Systems, Inc. In - Process Research and Development ($ MM): |
Blue Coat Systems, Inc. Research and Development Expense (Excluding In - Process) ($ MM): |
Blue Coat Systems, Inc. Amortization - Intangibles (Nonproductive) ($ MM): |
Blue Coat Systems, Inc. Restructuring Charges ($ MM): |
Blue Coat Systems, Inc. Total Operating Expenses excluding costs ($ MM): |
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Blue Coat Systems, Inc. Non-operating Expense - Other ($): |
Blue Coat Systems, Inc. Non-operating Income/(Expense) - Other ($ MM): |
Blue Coat Systems, Inc. Income/(Loss) from Continuing Operations Before Income Taxes ($ MM): |
Blue Coat Systems, Inc. Provision for Income Taxes ($ MM): |
Blue Coat Systems, Inc. Net Income (Loss) ($ MM): |
Blue Coat Systems, Inc. Cash and Cash Equivalents ($ MM): |
Blue Coat Systems, Inc. Short-Term Investments ($ MM): |
Blue Coat Systems, Inc. Current Restricted Cash ($ MM): |
Blue Coat Systems, Inc. Net Accounts Receivable Trade ($ MM): |
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Blue Coat Systems, Inc. Current Deferred Income Taxes ($ MM): |
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Blue Coat Systems, Inc. Net Property, Plant and Equipment ($ MM): |
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Blue Coat Systems, Inc. Intangible Assets (Excluding Goodwill) ($ MM): |
Blue Coat Systems, Inc. Noncurrent Deferred Tax Assets ($ MM): |
Blue Coat Systems, Inc. Restricted Cash ($ MM): |
Blue Coat Systems, Inc. Noncurrent Other Assets ($ MM): |
Blue Coat Systems, Inc. Assets ($ MM): |
Blue Coat Systems, Inc. Accounts Payable ($ MM): |
Blue Coat Systems, Inc. Accrued Expenses - Other ($ MM): |
Blue Coat Systems, Inc. Employee Related Liabilities ($ MM): |
Blue Coat Systems, Inc. Current Deferred/(Unearned) Revenue ($ MM): |
Blue Coat Systems, Inc. Current Portion of Restructuring Reserve ($ MM): |
Blue Coat Systems, Inc. Current Other Liabilities ($ MM): |
Blue Coat Systems, Inc. Current Liabilities ($ MM): |
Blue Coat Systems, Inc. Convertible Debt ($ MM): |
Blue Coat Systems, Inc. Restructuring Reserve ($ MM): |
Blue Coat Systems, Inc. Minority Interest ($): |
Blue Coat Systems, Inc. Deferred Tax Liability ($): |
Blue Coat Systems, Inc. Deferred/(Unearned) Revenue - Long-Term ($ MM): |
Blue Coat Systems, Inc. Other Deferred Long Term Liability Charges ($ MM): |
Blue Coat Systems, Inc. Income Taxes Payable Noncurrent ($ MM): |
Blue Coat Systems, Inc. Noncurrent Other Liabilities ($ MM): |
Blue Coat Systems, Inc. Redeemable Convertible Preferred Stock Obligations ($ MM): |
Blue Coat Systems, Inc. Preferred Stock - Value (Excluding Additional Paid in Capital) ($): |
Blue Coat Systems, Inc. Common Stock - Value (Excluding Additional Paid in Capital) ($): |
Blue Coat Systems, Inc. Additional Paid in Capital ($ MM): |
Blue Coat Systems, Inc. Retained Earnings ($ MM): |
Blue Coat Systems, Inc. Treasury Stock - Value ($ MM): |
Blue Coat Systems, Inc. Other Accumulated Comprehensive Income, Net of Tax Effect ($): |
Blue Coat Systems, Inc. Deferred Compensation ($ MM): |
Blue Coat Systems, Inc. Stockholders' Equity ($ MM): |
Blue Coat Systems, Inc. Liabilities and Stockholders' Equity ($ MM): |
Blue Coat Systems, Inc. Operating Activities Beginning Net Income ($ MM): |
Blue Coat Systems, Inc. Depreciation (Non-Production) ($ MM): |
Blue Coat Systems, Inc. Amortization ($ MM): |
Blue Coat Systems, Inc. Adjustment In-Process Research and Development ($ MM): |
Blue Coat Systems, Inc. Restructuring Charges ($ MM): |
Blue Coat Systems, Inc. Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment ($): |
Blue Coat Systems, Inc. Tax Benefit from Exercise of Stock Options ($ MM): |
Blue Coat Systems, Inc. Adjustment Issuance Stock and or Warrants ($ MM): |
Blue Coat Systems, Inc. Adjustment for Equity Based Compensation Expense ($ MM): |
Blue Coat Systems, Inc. Deferred Income Taxes ($ MM): |
Blue Coat Systems, Inc. Change Accounts Receivable ($ MM): |
Blue Coat Systems, Inc. Increase/(Decrease) in Inventories ($ MM): |
Blue Coat Systems, Inc. Change Prepaid Expenses Other Current Assets ($ MM): |
Blue Coat Systems, Inc. Change Prepaid Expenses Other Assets ($ MM): |
Blue Coat Systems, Inc. Deferred Income Taxes ($): |
Blue Coat Systems, Inc. Increase/(Decrease) in Deferred Charges ($ MM): |
Blue Coat Systems, Inc. Increase/(Decrease) in Other Non-operating Assets ($): |
Blue Coat Systems, Inc. Increase/(Decrease) in Accounts Payable ($ MM): |
Blue Coat Systems, Inc. Change Other Accrued Expenses ($ MM): |
Blue Coat Systems, Inc. Increase/(Decrease) in Accrued Expenses ($ MM): |
Blue Coat Systems, Inc. Increase/(Decrease) in Unearned Premiums ($ MM): |
Blue Coat Systems, Inc. Increase/(Decrease) in Employee Related Liabilities ($ MM): |
Blue Coat Systems, Inc. Net Cash Flows Provided By/(Used In) Operating Activities ($ MM): |
Blue Coat Systems, Inc. Purchase of Property, Plant and Equipment ($ MM): |
Blue Coat Systems, Inc. Increase Decrease Restricted Funds ($): |
Blue Coat Systems, Inc. Acquisition of Businesses, Net of Cash Acquired ($ MM): |
Blue Coat Systems, Inc. Net Proceeds from Sale of Short-Term Investments ($ MM): |
Blue Coat Systems, Inc. Net Purchase of Short-Term Investments ($ MM): |
Blue Coat Systems, Inc. Proceeds from Sale of Property, Plant and Equipment ($): |
Blue Coat Systems, Inc. Net Cash Flows Provided By/(Used In) Investing Activities ($ MM): |
Blue Coat Systems, Inc. Proceeds Convertible Debt ($ MM): |
Blue Coat Systems, Inc. Excess Tax Benefit Stock Option Exercised ($ MM): |
Blue Coat Systems, Inc. Proceeds from Issuance of Common Stock ($ MM): |
Blue Coat Systems, Inc. Repurchase of Minority Interest ($): |
Blue Coat Systems, Inc. Net Cash Flows Provided By/(Used In) Financing Activities ($ MM): |
Blue Coat Systems, Inc. Increase/(Decrease) in Cash and Cash Equivalents ($ MM): |
Blue Coat Systems, Inc. Cash and cash equivalents at the beginning of the year ($ MM): |
Blue Coat Systems, Inc. Total Cash and cash equivalents at the end of the year ($ MM): |
Blue Coat Systems, Inc. Income Taxes Paid ($ MM): |
Blue Coat Systems, Inc. Cash Interest Expense ($): |
Blue Coat Systems, Inc. Conversion of Debt Securities ($ MM): |
Blue Coat Systems, Inc. Stock Issued ($ MM): |
Blue Coat Systems, Inc. Supplemental Other Net ($ MM): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Nov. 2003 | Completed | Ositis Software, Inc.1 | Blue Coat Systems, Inc. | Acquisition | $8,600,000 |
| Details | Nov. 2004 | Completed | Cerberian, Inc.2 | Blue Coat Systems, Inc. | Acquisition | $18,242,000 |
| Details | Mar. 2006 | Completed | View3 | View | Acquisition | View |
| Details | Aug. 2007 | Completed | View | View | Acquisition | View |
| Details | Feb. 2012 | Completed | View4 | View | Acquisition Take Private | View |
| Details | Dec. 2012 | Completed | View | View | Acquisition Add-On | View |
| Details | May. 2013 | Completed | View | View | Acquisition Add-On | View |
| 1 | The transaction was financed using $1.1 million cash, $6.8 million in BCSI common stock, $685,000 transaction costs, and $43,000 assumed Ositis Warrants. - Details → |
| 2 | The transaction was financed using $17.4 million in BCSI common stock, $497,000 assumed Cerberian options, $842,000 notes from Cerberian to Blue Coat, and $1 million transaction costs. - Details → |
| 3 | The transaction was completed using...Read More → |
| 4 | Thoma Bravo, LLC acquires all...Read More → |
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Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Feb. 2012 | View | View | View1 | View | View | View |
| 1 | Thoma Bravo, LLC acquires all...Read More → |
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Detailed Business Description: Blue Coat Systems, Inc.
Business Overview
Blue Coat Systems, Inc. designs, develops, and sells a family of proxy and other appliances, as well as related software products and services that secure, accelerate and optimize the delivery of business applications, Web content and other content over a Wide Area Network (WAN), or across an enterprise’s gateway to the public Internet. Blue Coat Systems, Inc.’s products are based upon three core functionalities:
- Security: Security of the delivery of business applications and content and protection from malware, spyware or other malicious threats, together with centrally managed policy enforcement that enables an enterprise to set, enforce and measure compliance with its corporate IT policies. When combined with visibility, policy controls offer enterprises multiple layers of network security from malicious threats and content.
- Acceleration: Acceleration and optimization of the delivery of internal, external, real-time and customized applications and… Continue Reading →
Supplemental Resources
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