MKS Instruments Inc. (MKSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2 TECH DRIVE
ANDOVER, MA 01810
State of Incorp. MA
Fiscal Year End December 31
Industry (SIC) 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

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 investments50717677210974
Cash and cash equivalents507  545  
Short-term investments 17622810974
Receivables603720443393341295
Inventory, net of allowances, customer advances and progress billings991977577501462385
Inventory991977577501462385
Other current assets227187857410666
Other undisclosed current assets36890996664415644
Total current assets:2,6962,7942,1471,8041,4341,464
Noncurrent Assets
Operating lease, right-of-use asset22523418418464
Property, plant and equipment784800325284242194
Long-term investments and receivables   67610
Long-term investments   67610
Intangible assets, net (including goodwill)5,1737,4811,8041,5791,623907
Goodwill2,5544,3081,2281,0661,058587
Intangible assets, net (excluding goodwill)2,6193,173576512565320
Other noncurrent assets24018673464739
Total noncurrent assets:6,4228,7012,3932,0991,9831,150
TOTAL ASSETS:9,11811,4954,5403,9043,4162,614
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities327578325247205183
Taxes payable25181516
Employee-related liabilities13211810182
Accounts payable3274261681118884
Accrued liabilities  152    
Deferred revenue  94383121
Debt9393915334
Other liabilities42816171665963
Contract with customer, liability14
Other undisclosed current liabilities  261816  
Total current liabilities:848952461374318263
Noncurrent Liabilities
Long-term debt and lease obligation 4,9535,12219318745 
Long-term debt, excluding current maturities 4,9535,122    
Liabilities, other than long-term debt7488751461234982
Accounts payable and accrued liabilities     30
Deferred revenue22363
Contract with customer, liability3
Deferred tax liabilities, net48
Deferred income tax liabilities6407839959 
Other liabilities1069044584330
Operating lease, liability   19318745
Other undisclosed noncurrent liabilities9763854859982396
Total noncurrent liabilities:5,7986,0601,1931,1691,075478
Total liabilities:6,6467,0121,6541,5431,393741
Equity
Equity, attributable to parent2,4724,4832,8872,3612,0231,873
Common stock   0000
Additional paid in capital2,1952,142907873864794
Accumulated other comprehensive income (loss)(96)69(11)0(22)(6)
Retained earnings3732,2721,9911,4871,1811,085
Total equity:2,4724,4832,8872,3612,0231,873
TOTAL LIABILITIES AND EQUITY:9,11811,4954,5403,9043,4162,614

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,6223,5472,9502,3301,9002,075
Cost of revenue
(Cost of Goods and Services Sold)
(1,980)(2,000)(1,569)(1,281)(1,069)(1,096)
Gross profit:1,6421,5471,3801,050830979
Operating expenses(2,899)(774)(615)(532)(530)(442)
Other undisclosed operating loss(297)(156)(66)(63)(81)(44)
Operating income (loss):(1,554)617699454220494
Nonoperating income (expense)(27)(11)(9)(3)3(2)
Other nonoperating expense(27)(11)(9)(3)(3)(2)
Unusual or infrequent item, or both, net (gain) loss    1  
Interest and debt expense(364)(177)(25)(29)(44)(17)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    1(1)6
Income (loss) from continuing operations before equity method investments, income taxes:(1,945)429665423178481
Other undisclosed income from continuing operations before income taxes1741   
Income (loss) from continuing operations before income taxes:(1,928)433666423178481
Income tax expense (benefit)87(100)(114)(73)(37)(88)
Income (loss) from continuing operations:(1,841)333551350140393
Income before gain (loss) on sale of properties:551350140393
Other undisclosed net loss    (1)  
Net income (loss) available to common stockholders, diluted:(1,841)333551350140393

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(1,841)333551350140393
Other comprehensive income      0
Comprehensive income (loss):(1,841)333551350140393
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(164)80(12)23(17)(9)
Comprehensive income (loss), net of tax, attributable to parent:(2,005)413540373124384

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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