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 thousands)

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including: 137,672140,000  142,883211,000
Cash and cash equivalents 137,672139,799  142,883211,106
Other undisclosed cash, cash equivalents, and short-term investments  201   (106)
Receivables415,744445,279380,792356,077312,939341,275
Inventory, net of allowances, customer advances and progress billings401,060388,164373,544343,627307,892289,243
Inventory401,060388,164373,544343,627307,892289,243
Other undisclosed current assets117,701115,476293,147233,234109,76490,031
Total current assets:1,072,1771,088,9191,047,483932,938873,478931,549
Noncurrent Assets
Operating lease, right-of-use asset67,15359,17659,90664,47660,93158,641
Property, plant and equipment277,706265,380254,127258,155253,976253,668
Intangible assets, net (including goodwill)839,086816,584812,878840,852808,366796,410
Goodwill630,879615,734593,148603,793592,074575,992
Intangible assets, net (excluding goodwill)208,207200,850219,730237,059216,292220,418
Other noncurrent assets127,737128,47971,14071,43574,71774,717
Total noncurrent assets:1,311,6821,269,6191,198,0511,234,9181,197,9901,183,436
TOTAL ASSETS:2,383,8592,358,5382,245,5342,167,8562,071,4682,114,985
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,35171,422122,332100,39851,461118,261
Taxes payable7,000
Employee-related liabilities61,16650,19951,461111,261
Accounts payable50,351     
Accrued liabilities 71,42261,16650,199  
Deferred revenue147,774137,208118,257122,029134,640137,818
Debt25,00025,00025,000   
Restructuring reserve11,40010,0093,0002,600 11,520
Other liabilities169,963153,15752,07944,14851,154 
Other undisclosed current liabilities115,525126,079106,972105,199152,689177,615
Total current liabilities:520,013522,875427,640374,374389,944445,214
Noncurrent Liabilities
Long-term debt and lease obligation, including:490,505516,637574,795475,000325,000300,000
Long-term debt, excluding current maturities   542,768 325,000300,000
Other undisclosed long-term debt and lease obligation490,505516,637 440,480(32,584)(30,468)
Liabilities, other than long-term debt179,027162,902119,614115,455116,502115,606
Accounts payable and accrued liabilities40,64640,64640,64640,64654,19554,195
Deferred revenue65,26363,06650,17742,94335,76632,822
Deferred income tax liabilities4,7301,67613,72516,57511,58314,249
Other liabilities31,79826,92615,06615,29114,95814,340
Operating lease, liability36,59030,58832,02734,52032,58430,468
Other undisclosed noncurrent liabilities    34,52032,58430,468
Total noncurrent liabilities:669,532679,539694,409624,975474,086446,074
Total liabilities:1,189,5451,202,4141,122,049999,349864,030891,288
Equity
Equity, attributable to parent1,194,3141,156,1241,123,4851,168,5071,207,4381,223,697
Common stock1,3151,3101,3061,3231,3191,323
Additional paid in capital1,231,8941,207,4201,183,3291,173,1311,152,3491,129,647
Accumulated other comprehensive loss(34,268)(37,865)(43,015)(27,480)(22,494)(20,131)
Retained earnings (accumulated deficit)(4,627)(14,741)(18,135)21,53376,264112,858
Total equity:1,194,3141,156,1241,123,4851,168,5071,207,4381,223,697
TOTAL LIABILITIES AND EQUITY:2,383,8592,358,5382,245,5342,167,8562,071,4682,114,985

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

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Revenues436,825448,276427,928395,515385,256420,641
Cost of revenue
(Cost of Goods and Services Sold)
(132,707)(144,321)(143,702)(127,474)(119,227)(123,596)
Gross profit:304,118303,955284,226268,041266,029297,045
Operating expenses(247,193)(243,624)(237,429)(247,269)(235,497)(247,148)
Other undisclosed operating income   33,636   
Operating income:56,92560,33180,43320,77230,53249,897
Nonoperating income (expense)(3,020)(11,571)(5,150)(3,505)33(4,739)
Investment income, nonoperating326247103584645
Gain (loss), foreign currency transaction, before tax(302)(4,610)(3,625)(769)(1,166)(2,292)
Other nonoperating income (expense)5041,3862,8701771,843(659)
Interest and debt expense(8,348)(7,948)(4,851)(2,500)(1,292)(1,196)
Other undisclosed income from continuing operations before equity method investments, income taxes8,34816,591 2,5001,2921,196
Income from continuing operations before equity method investments, income taxes:53,90557,40370,43217,26730,56545,158
Other undisclosed income (loss) from continuing operations before income taxes  (8,643)4,851   
Income from continuing operations before income taxes:53,90548,76075,28317,26730,56545,158
Income tax expense(6,976)(8,693)(13,376)(4,833)(5,329)(4,822)
Income from continuing operations:46,92940,06761,90712,43425,23640,336
Income before gain (loss) on sale of properties:61,90712,43425,23640,336
Net income available to common stockholders, diluted:46,92940,06761,90712,43425,23640,336

Comprehensive Income ($ in thousands)

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Net income:46,92940,06761,90712,43425,23640,336
Other comprehensive income (loss)3,5975,150(15,535)(4,986)(2,363)(2,955)
Comprehensive income, net of tax, attributable to parent:50,52645,21746,3727,44822,87337,381

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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