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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments328,319238,136276,065255,035220,872149,003
Cash and cash equivalents177,812109,130151,010187,225144,54598,472
Short-term investments150,507129,006125,05567,81076,32750,531
Restricted cash and investments1,1521,2212,2331,9041,981849
Receivables102,95788,143115,541107,60397,86896,593
Inventory, net of allowances, customer advances and progress billings111,685123,157111,54899,22983,25877,706
Inventory111,685123,157111,54899,22983,25877,706
Other undisclosed current assets29,66723,89518,65223,30315,06413,669
Total current assets:573,780474,552524,039487,074419,043337,820
Noncurrent Assets
Operating lease, right-of-use asset30,51931,36235,21030,75631,420
Property, plant and equipment204,399189,848146,555104,10358,74754,054
Intangible assets, net (including goodwill)214,028238,195248,641271,908256,806256,854
Goodwill201,090211,444212,299212,761199,196189,214
Intangible assets, net (excluding goodwill)12,93826,75136,34259,14757,61067,640
Restricted cash and investments2,3092,6312,0991,9691,4111,225
Deferred income tax assets78,96467,64661,99566,242 
Other noncurrent assets2,7953,9941,9811,1651,203968
Other undisclosed noncurrent assets     71,25277,301
Total noncurrent assets:533,014533,676496,481476,143420,839390,402
TOTAL ASSETS:1,106,7941,008,2281,020,520963,217839,882728,222
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities104,894111,423108,698117,38777,35367,737
Accounts payable63,85769,30857,86262,04540,91440,006
Accrued liabilities41,03742,11550,83655,34236,43927,731
Deferred revenue     
Debt1,0751,0458,9319,51649,39729,840
Other undisclosed current liabilities25,12637,19931,12527,6689,8104,941
Total current liabilities:131,095149,667148,754154,571136,560102,518
Noncurrent Liabilities
Long-term debt and lease obligation13,31414,38946,44352,97444,72734,971
Long-term debt, excluding current maturities13,31414,38915,43424,97815,63934,971
Liabilities, other than long-term debt25,33430,3193,6235,346 2,355
Deferred tax liabilities, net2,355
Deferred income tax liabilities  2,7323,6235,346 
Operating lease, liability25,33427,58731,00927,99629,088
Other undisclosed noncurrent liabilities28,2475,5685,9206,24217,5988,214
Total noncurrent liabilities:66,89550,27655,98664,56262,32545,540
Total liabilities:197,990199,943204,740219,133198,885148,058
Equity
Equity, attributable to parent908,804808,285815,780744,084640,997580,164
Common stock777778787674
Additional paid in capital861,448844,842898,945903,838885,821862,897
Accumulated other comprehensive income (loss)(4,052)(5,578)(1,449)5,886(659)780
Retained earnings (accumulated deficit)51,331(31,056)(81,794)(165,718)(244,241)(283,587)
Total equity:908,804808,285815,780744,084640,997580,164
TOTAL LIABILITIES AND EQUITY:1,106,7941,008,2281,020,520963,217839,882728,222

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues663,102747,937769,674693,616589,464529,675
Cost of revenue
(Cost of Goods and Services Sold)
(404,522)(451,928)(446,907)(405,696)(351,968)(319,336)
Gross profit:258,580296,009322,767287,920237,496210,339
Operating expenses(248,777)(241,097)(224,729)(204,132)(187,834)(174,230)
Other undisclosed operating income72,953     
Operating income:82,75654,91298,03883,78849,66236,109
Nonoperating income6,9323,5371,0642,2513,3161,132
Investment income, nonoperating 7,2172,2205691,5012,7141,356
Other nonoperating income (expense)(285)1,317495750602(224)
Interest and debt expense (421)(579)(602)(864)(1,915)(3,314)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:89,26757,87098,50085,17551,06333,927
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:89,26757,87098,50085,17551,06333,927
Income tax expense (benefit)(6,880)(7,132)(14,576)(6,652)(11,717)70,109
Income from continuing operations:82,38750,73883,92478,52339,346104,036
Income before gain (loss) on sale of properties:83,92478,52339,346104,036
Net income available to common stockholders, diluted:82,38750,73883,92478,52339,346104,036

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:82,38750,73883,92478,52339,346104,036
Other comprehensive loss    (1,439)(2,241)
Other undisclosed comprehensive income      
Comprehensive income:82,38750,73883,92478,52337,907101,795
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,526(4,129)(7,335)6,545  
Comprehensive income, net of tax, attributable to parent:83,91346,60976,58985,06837,907101,795

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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