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Avg Technologies N.V. (AVG)

Avg Technologies N.V. (AVG)
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AVG Technologies NV was incorporated under the laws of the Netherlands. It provides software and online services. Its solutions ranges from desktop, laptop and mobile security software to dynamic secure Internet search solutions. The Company's product portfolio targets the consumer and small business markets and includes Internet security, PC performance optimization, online backup, mobile security, identity protection and family safety software. It distributes its products primarily online, which allows it to generate high-margin revenue from direct distribution of its premium products and search agreements with third-party search providers. It also has a global network of resellers and distributors, including CNET, Ingram Micro and Wal-Mart. Its solutions, including software and online services, include security, PC management, online backup and other products. While its AVG AntiVirus Free Edition is provided free of charge to its users, the majority of its products are provided for a fee on a subscription basis. The Company's software products are currently available in various languages, used in over 185 countries around the world and sold under software license agreements.
(Values in U.S. Thousands) Dec, 2015 Dec, 2014 Dec, 2013 Dec, 2012 Dec, 2011
Sales 428,310 374,070 407,110 355,960 272,390
Sales Growth +14.50% -8.12% +14.37% +30.68% +25.40%
Net Income 46,970 54,430 63,710 45,810 100,430
Net Income Growth -13.71% -14.57% +39.07% -54.39% +73.42%
(Values in U.S. Thousands) Dec, 2015 Dec, 2014 Dec, 2013 Dec, 2012 Dec, 2011
Total Assets 681,610 647,080 306,780 323,460 311,630
Total Assets Growth +5.34% +110.93% -5.16% +3.80% unch
Total Liabilities 590,990 569,890 297,610 346,030 441,960
Total Liabilities Growth +3.70% +91.49% -13.99% -21.71% unch
(Values in U.S. Thousands) Dec, 2015 Dec, 2014 Dec, 2013 Dec, 2012 Dec, 2011
Operating Cash Flow 99,690 108,800 145,200 119,300 82,910
Operating Cash Flow Growth -8.37% -25.07% +21.71% +43.89% unch
Net Cash Flow -15,140 96,550 -9,540 -8,850 -2,400
Change in Net Cash Flow -115.68% +1,112.05% -7.80% -268.75% unch
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