Radware Ltd
NASDAQ:RDWR
Balance Sheet
Balance Sheet Decomposition
Radware Ltd
Radware Ltd
Balance Sheet
Radware Ltd
| Dec-2002 | Dec-2003 | Dec-2004 | Dec-2005 | Dec-2006 | Dec-2007 | Dec-2008 | Dec-2009 | Dec-2010 | Dec-2011 | Dec-2012 | Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | Dec-2024 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||
| Cash & Cash Equivalents |
16
|
32
|
9
|
56
|
25
|
61
|
28
|
20
|
15
|
17
|
20
|
20
|
45
|
34
|
80
|
65
|
45
|
41
|
55
|
93
|
46
|
71
|
99
|
105
|
|
| Cash Equivalents |
16
|
32
|
9
|
56
|
25
|
61
|
28
|
20
|
15
|
17
|
20
|
20
|
45
|
34
|
80
|
65
|
45
|
41
|
55
|
93
|
46
|
71
|
99
|
105
|
|
| Short-Term Investments |
36
|
31
|
100
|
71
|
115
|
91
|
61
|
39
|
76
|
99
|
68
|
115
|
59
|
97
|
146
|
136
|
271
|
137
|
256
|
195
|
252
|
260
|
177
|
152
|
|
| Total Receivables |
10
|
11
|
15
|
16
|
19
|
20
|
15
|
20
|
17
|
13
|
18
|
25
|
26
|
26
|
19
|
16
|
17
|
23
|
17
|
13
|
18
|
20
|
17
|
46
|
|
| Accounts Receivables |
9
|
10
|
13
|
15
|
18
|
17
|
13
|
17
|
17
|
13
|
18
|
25
|
26
|
26
|
19
|
16
|
17
|
23
|
17
|
13
|
18
|
20
|
17
|
35
|
|
| Other Receivables |
1
|
1
|
1
|
1
|
2
|
3
|
2
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
|
| Inventory |
3
|
3
|
4
|
5
|
7
|
5
|
7
|
10
|
10
|
12
|
13
|
14
|
17
|
16
|
17
|
19
|
18
|
14
|
14
|
12
|
23
|
16
|
14
|
13
|
|
| Other Current Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
4
|
6
|
5
|
5
|
4
|
15
|
7
|
8
|
7
|
8
|
4
|
10
|
14
|
0
|
|
| Total Current Assets |
65
|
77
|
128
|
148
|
167
|
178
|
111
|
88
|
121
|
144
|
123
|
180
|
152
|
178
|
267
|
251
|
359
|
222
|
348
|
321
|
334
|
376
|
321
|
317
|
|
| PP&E Net |
4
|
4
|
5
|
6
|
9
|
12
|
12
|
11
|
12
|
11
|
14
|
18
|
21
|
26
|
26
|
24
|
24
|
41
|
51
|
45
|
44
|
39
|
34
|
32
|
|
| PP&E Gross |
4
|
4
|
5
|
6
|
9
|
12
|
12
|
11
|
12
|
11
|
14
|
18
|
21
|
26
|
26
|
24
|
24
|
41
|
51
|
45
|
44
|
39
|
34
|
0
|
|
| Accumulated Depreciation |
4
|
5
|
7
|
8
|
10
|
13
|
19
|
25
|
30
|
36
|
42
|
47
|
53
|
60
|
68
|
77
|
84
|
92
|
98
|
104
|
110
|
117
|
102
|
0
|
|
| Intangible Assets |
0
|
0
|
1
|
3
|
2
|
5
|
2
|
15
|
12
|
8
|
5
|
5
|
5
|
4
|
2
|
10
|
10
|
15
|
13
|
11
|
20
|
16
|
12
|
8
|
|
| Goodwill |
0
|
0
|
0
|
7
|
10
|
14
|
14
|
25
|
25
|
25
|
25
|
30
|
30
|
30
|
30
|
32
|
32
|
41
|
41
|
41
|
68
|
68
|
68
|
68
|
|
| Long-Term Investments |
73
|
76
|
48
|
38
|
24
|
3
|
45
|
67
|
88
|
103
|
187
|
151
|
226
|
185
|
94
|
143
|
85
|
250
|
138
|
178
|
134
|
33
|
144
|
203
|
|
| Other Long-Term Assets |
1
|
2
|
3
|
3
|
4
|
5
|
2
|
3
|
4
|
4
|
5
|
5
|
9
|
8
|
11
|
11
|
24
|
27
|
33
|
40
|
43
|
40
|
40
|
43
|
|
| Other Assets |
0
|
0
|
0
|
7
|
10
|
14
|
14
|
25
|
25
|
25
|
25
|
30
|
30
|
30
|
30
|
32
|
32
|
41
|
41
|
41
|
68
|
68
|
68
|
68
|
|
| Total Assets |
143
N/A
|
158
+11%
|
183
+16%
|
204
+12%
|
216
+6%
|
216
+0%
|
186
-14%
|
209
+13%
|
261
+25%
|
295
+13%
|
358
+21%
|
389
+9%
|
443
+14%
|
431
-3%
|
430
0%
|
471
+10%
|
533
+13%
|
595
+12%
|
623
+5%
|
635
+2%
|
644
+1%
|
572
-11%
|
619
+8%
|
671
+8%
|
|
| Liabilities | |||||||||||||||||||||||||
| Accounts Payable |
4
|
6
|
5
|
5
|
9
|
12
|
10
|
12
|
14
|
13
|
17
|
17
|
21
|
20
|
18
|
5
|
5
|
6
|
4
|
4
|
9
|
7
|
9
|
77
|
|
| Accrued Liabilities |
4
|
2
|
0
|
0
|
2
|
2
|
2
|
3
|
3
|
7
|
14
|
11
|
13
|
11
|
15
|
14
|
12
|
19
|
21
|
35
|
15
|
15
|
21
|
5
|
|
| Short-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Current Liabilities |
7
|
8
|
15
|
19
|
18
|
14
|
17
|
24
|
36
|
36
|
36
|
39
|
42
|
46
|
53
|
88
|
102
|
100
|
119
|
126
|
141
|
132
|
138
|
112
|
|
| Total Current Liabilities |
14
|
16
|
20
|
24
|
29
|
28
|
29
|
39
|
53
|
55
|
67
|
67
|
76
|
77
|
85
|
107
|
118
|
126
|
144
|
166
|
164
|
155
|
168
|
194
|
|
| Long-Term Debt |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
36
|
39
|
41
|
41
|
|
| Other Liabilities |
1
|
2
|
2
|
3
|
4
|
11
|
9
|
21
|
23
|
21
|
20
|
28
|
33
|
34
|
45
|
49
|
51
|
74
|
91
|
100
|
111
|
94
|
93
|
87
|
|
| Total Liabilities |
16
N/A
|
18
+15%
|
22
+25%
|
27
+21%
|
33
+24%
|
39
+18%
|
37
-5%
|
59
+59%
|
76
+27%
|
76
+0%
|
86
+14%
|
95
+9%
|
109
+15%
|
112
+3%
|
131
+17%
|
156
+20%
|
169
+8%
|
200
+18%
|
235
+17%
|
265
+13%
|
311
+17%
|
288
-8%
|
302
+5%
|
322
+6%
|
|
| Equity | |||||||||||||||||||||||||
| Common Stock |
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
| Retained Earnings |
5
|
1
|
15
|
24
|
23
|
11
|
20
|
26
|
16
|
5
|
37
|
55
|
80
|
99
|
90
|
82
|
102
|
124
|
134
|
142
|
141
|
120
|
126
|
146
|
|
| Additional Paid In Capital |
132
|
139
|
145
|
153
|
170
|
176
|
186
|
192
|
219
|
233
|
250
|
263
|
294
|
313
|
325
|
349
|
384
|
415
|
443
|
471
|
498
|
529
|
555
|
579
|
|
| Treasury Stock |
0
|
0
|
0
|
0
|
11
|
11
|
18
|
18
|
18
|
18
|
18
|
26
|
41
|
94
|
116
|
116
|
121
|
145
|
191
|
243
|
303
|
366
|
367
|
378
|
|
| Other Equity |
0
|
0
|
0
|
1
|
0
|
0
|
1
|
1
|
0
|
2
|
2
|
2
|
0
|
1
|
0
|
0
|
1
|
1
|
2
|
1
|
5
|
0
|
1
|
1
|
|
| Total Equity |
127
N/A
|
140
+10%
|
161
+15%
|
177
+10%
|
182
+3%
|
177
-3%
|
148
-16%
|
150
+1%
|
185
+24%
|
219
+19%
|
271
+24%
|
294
+8%
|
334
+13%
|
319
-4%
|
300
-6%
|
315
+5%
|
364
+15%
|
395
+9%
|
389
-2%
|
370
-5%
|
332
-10%
|
284
-14%
|
316
+11%
|
349
+10%
|
|
| Total Liabilities & Equity |
143
N/A
|
158
+11%
|
183
+16%
|
204
+12%
|
216
+6%
|
216
+0%
|
186
-14%
|
209
+13%
|
261
+25%
|
295
+13%
|
358
+21%
|
389
+9%
|
443
+14%
|
431
-3%
|
430
0%
|
471
+10%
|
533
+13%
|
595
+12%
|
623
+5%
|
635
+2%
|
644
+1%
|
572
-11%
|
619
+8%
|
671
+8%
|
|
| Shares Outstanding | |||||||||||||||||||||||||
| Common Shares Outstanding |
9
|
9
|
9
|
10
|
10
|
10
|
10
|
10
|
10
|
43
|
44
|
45
|
47
|
45
|
43
|
44
|
46
|
47
|
46
|
46
|
44
|
42
|
43
|
43
|
|