FormFactor, Inc. (FORM) Financial Statements (2024 and earlier)

Company Profile

Business Address 7005 SOUTHFRONT ROAD
LIVERMORE, CA 94551
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments238,136276,065255,035220,872149,003140,172
Cash and cash equivalents109,130151,010187,225144,54598,47291,184
Short-term investments129,006125,05567,81076,32750,53148,988
Restricted cash and investments1,2212,2331,9041,981849372
Receivables88,143115,541107,60397,86896,59383,757
Inventory, net of allowances, customer advances and progress billings123,157111,54899,22983,25877,70667,848
Inventory123,157111,54899,22983,25877,70667,848
Disposal group, including discontinued operation      
Other undisclosed current assets23,89518,65223,30315,06413,66913,705
Total current assets:474,552524,039487,074419,043337,820305,854
Noncurrent Assets
Operating lease, right-of-use asset31,36235,21030,75631,420
Property, plant and equipment189,848146,555104,10358,74754,05446,754
Intangible assets, net (including goodwill)238,195248,641271,908256,806256,854287,404
Goodwill211,444212,299212,761199,196189,214189,920
Intangible assets, net (excluding goodwill)26,75136,34259,14757,61067,64097,484
Restricted cash and investments2,6312,0991,9691,4111,2251,170
Deferred income tax assets67,64661,99566,242 
Other noncurrent assets3,9941,9811,1651,2039682,259
Other undisclosed noncurrent assets    71,25277,3013,133
Total noncurrent assets:533,676496,481476,143420,839390,402340,720
TOTAL ASSETS:1,008,2281,020,520963,217839,882728,222646,574
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities111,423108,698117,38777,35367,73768,740
Taxes payable    807
Accounts payable69,30857,86262,04540,91440,00635,046
Accrued liabilities42,11550,83655,34236,43927,73132,887
Deferred revenue    
Debt1,0458,9319,51649,39729,84018,443
Disposal group, including discontinued operation      
Deferred revenue and credits4,978
Other undisclosed current liabilities37,19931,12527,6689,8104,941 
Total current liabilities:149,667148,754154,571136,560102,51892,161
Noncurrent Liabilities
Long-term debt and lease obligation14,38946,44352,97444,72734,97187,228
Long-term debt, excluding current maturities14,38915,43424,97815,63934,97187,228
Liabilities, other than long-term debt30,3193,6235,346 2,3554,407
Accounts payable and accrued liabilities      1,028
Deferred tax liabilities, net2,3553,379
Deferred income tax liabilities2,7323,6235,346 
Operating lease, liability27,58731,00927,99629,088
Other undisclosed noncurrent liabilities5,5685,9206,24217,5988,2144,141
Total noncurrent liabilities:50,27655,98664,56262,32545,54095,776
Total liabilities:199,943204,740219,133198,885148,058187,937
Equity
Equity, attributable to parent808,285815,780744,084640,997580,164458,637
Common stock777878767473
Additional paid in capital844,842898,945903,838885,821862,897843,116
Accumulated other comprehensive income (loss)(5,578)(1,449)5,886(659)7803,021
Accumulated deficit(31,056)(81,794)(165,718)(244,241)(283,587)(387,573)
Total equity:808,285815,780744,084640,997580,164458,637
TOTAL LIABILITIES AND EQUITY:1,008,2281,020,520963,217839,882728,222646,574

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues747,937769,674693,616589,464529,675548,441
Revenue, net548,441
Cost of revenue
(Cost of Goods and Services Sold)
(451,928)(446,907)(405,696)(351,968)(319,336)(332,844)
Gross profit:296,009322,767287,920237,496210,339215,597
Operating expenses(241,097)(224,729)(204,132)(187,834)(174,230)(169,296)
Operating income (loss):54,91298,03883,78849,66236,10946,301
Nonoperating income3,5371,0642,2513,3161,132396
Investment income, nonoperating2,2205691,5012,7141,356548
Other nonoperating income (expense)1,317495750602(224)(152)
Interest and debt expense(579)(602)(864)(1,915)(3,314)(4,491)
Income (loss) from continuing operations before equity method investments, income taxes:57,87098,50085,17551,06333,92742,206
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:57,87098,50085,17551,06333,92742,206
Income tax expense (benefit)(7,132)(14,576)(6,652)(11,717)70,109(1,293)
Income (loss) from continuing operations:50,73883,92478,52339,346104,03640,913
Income before gain (loss) on sale of properties:83,92478,52339,346104,03640,913
Net income (loss) available to common stockholders, diluted:50,73883,92478,52339,346104,03640,913

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):50,73883,92478,52339,346104,03640,913
Other comprehensive income (loss)   (1,439)(2,241)6,761
Other undisclosed comprehensive income      
Comprehensive income:50,73883,92478,52337,907101,79547,674
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,129)(7,335)6,545   
Comprehensive income, net of tax, attributable to parent:46,60976,58985,06837,907101,79547,674

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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