National Instruments Corporation (NATI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
11500 NORTH MOPAC EXPRESSWAY AUSTIN, TX 78759 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 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 investments, including: | 140 | 211 | 320 | 433 | 531 | 412 | |||
| Cash and cash equivalents | 140 | 211 | 260 | 195 | 259 | 290 | |||
| Short-term investments | 60 | 238 | 271 | 122 | |||||
| Other undisclosed cash, cash equivalents, and short-term investments | 0 | (0) | (0) | 0 | 1 | ||||
| Receivables | 445 | 341 | 267 | 249 | 243 | 249 | |||
| Inventory, net of allowances, customer advances and progress billings | 388 | 289 | 194 | 200 | 194 | 185 | |||
| Inventory | 388 | 289 | 194 | 200 | 194 | 185 | |||
| Other undisclosed current assets | 115 | 90 | 69 | 65 | 54 | 49 | |||
| Total current assets: | 1,089 | 932 | 850 | 947 | 1,022 | 894 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 59 | 59 | 68 | ✕ | ✕ | ||||
| Property, plant and equipment | 265 | 254 | 254 | 244 | 245 | 250 | |||
| Long-term investments and receivables | 15 | ||||||||
| Long-term investments | 15 | ||||||||
| Intangible assets, net (including goodwill) | 817 | 796 | 640 | 346 | 375 | 390 | |||
| Goodwill | 616 | 576 | 468 | 262 | 265 | 267 | |||
| Intangible assets, net (excluding goodwill) | 201 | 220 | 173 | 84 | 111 | 123 | |||
| Other noncurrent assets | 128 | 75 | 73 | 44 | 29 | 33 | |||
| Other undisclosed noncurrent assets | 55 | ||||||||
| Total noncurrent assets: | 1,270 | 1,183 | 1,035 | 705 | 649 | 672 | |||
| TOTAL ASSETS: | 2,359 | 2,115 | 1,884 | 1,652 | 1,671 | 1,566 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 71 | 118 | 87 | 48 | 46 | 43 | |||
| Taxes payable | ✕ | ✕ | 7 | ||||||
| Employee-related liabilities | ✕ | ✕ | 111 | 87 | 48 | 46 | 43 | ||
| Accounts payable | |||||||||
| Accrued liabilities | 71 | ||||||||
| Deferred revenue | 137 | 138 | 132 | ✕ | ✕ | ||||
| Debt | 25 | 5 | |||||||
| Restructuring reserve | 10 | 12 | 29 | 10 | 4 | 5 | |||
| Other liabilities | 153 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 121 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 131 | 127 | ✕ | ||
| Other undisclosed current liabilities | 126 | 178 | 129 | 117 | 106 | 100 | |||
| Total current liabilities: | 523 | 445 | 382 | 306 | 283 | 269 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 517 | 300 | 92 | ||||||
| Long-term debt, excluding current maturities | 300 | 92 | |||||||
| Other undisclosed long-term debt and lease obligation | 517 | (30) | (36) | ||||||
| Liabilities, other than long-term debt | 163 | 116 | 150 | 115 | 124 | 136 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 34 | ||
| Accounts payable and accrued liabilities | 41 | 54 | 62 | 69 | 75 | 82 | |||
| Deferred revenue | 63 | 33 | 36 | ✕ | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 33 | 33 | ✕ | ||
| Deferred income tax liabilities | 2 | 14 | 25 | ✕ | ✕ | ||||
| Liability for uncertainty in income taxes | 11 | 7 | 10 | 10 | |||||
| Other liabilities | 27 | 14 | 16 | 5 | 7 | 10 | |||
| Operating lease, liability | 31 | 30 | 36 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 30 | 36 | 55 | 25 | 34 | ||||
| Total noncurrent liabilities: | 680 | 446 | 278 | 169 | 150 | 169 | |||
| Total liabilities: | 1,202 | 891 | 660 | 476 | 433 | 438 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,156 | 1,224 | 1,225 | 1,176 | 1,238 | 1,128 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 1,207 | 1,130 | 1,033 | 954 | 898 | 830 | |||
| Accumulated other comprehensive loss | (38) | (20) | (21) | (21) | (17) | (17) | |||
| Retained earnings (accumulated deficit) | (15) | 113 | 211 | 243 | 356 | 313 | |||
| Total equity: | 1,156 | 1,224 | 1,225 | 1,176 | 1,238 | 1,128 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,359 | 2,115 | 1,884 | 1,652 | 1,671 | 1,566 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,657 | 1,470 | 1,287 | 1,353 | 1,359 | 1,289 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,289 | |
| Cost of revenue (Cost of Goods and Services Sold) | (535) | (421) | (371) | (337) | (334) | (328) | ||
| Gross profit: | 1,122 | 1,049 | 916 | 1,016 | 1,025 | 961 | ||
| Operating expenses | (964) | (931) | (876) | (842) | (853) | (815) | ||
| Other undisclosed operating income | 34 | 160 | ||||||
| Operating income: | 192 | 118 | 200 | 175 | 173 | 146 | ||
| Nonoperating income (expense) | (20) | (15) | (1) | 6 | 4 | 2 | ||
| Investment income, nonoperating | 0 | 0 | 4 | 8 | 6 | 2 | ||
| Gain (loss), foreign currency transaction, before tax | (10) | (5) | (0) | (2) | (3) | 1 | ||
| Other nonoperating income (expense) | 6 | (0) | 0 | (0) | 1 | (2) | ||
| Interest and debt expense | (17) | (4) | (2) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 17 | 4 | 2 | |||||
| Income from continuing operations before equity method investments, income taxes: | 172 | 104 | 199 | 181 | 176 | 147 | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income from continuing operations before income taxes: | 172 | 104 | 199 | 181 | 176 | 147 | ||
| Income tax expense | (32) | (14) | (55) | (18) | (21) | (95) | ||
| Income from continuing operations: | 140 | 89 | 144 | 162 | 155 | 52 | ||
| Income before gain (loss) on sale of properties: | ✕ | 89 | 144 | 162 | 155 | 52 | ||
| Net income available to common stockholders, diluted: | 140 | 89 | 144 | 162 | 155 | 52 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 140 | 89 | 144 | 162 | 155 | 52 | ||
| Other comprehensive income (loss) | (18) | 1 | 0 | (4) | (0) | 18 | ||
| Comprehensive income, net of tax, attributable to parent: | 122 | 90 | 144 | 158 | 155 | 71 | ||
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.