Onto Innovation Inc. (ONTO) Financial Statements (2024 and earlier)

Company Profile

Business Address 16 JONSPIN ROAD
WILMINGTON, MA 01887
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (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 investments697,811547,784511,343373,722320,236151,792
Cash and cash equivalents233,508175,872169,602136,720130,673110,951
Short-term investments464,303371,912341,741237,002189,56340,841
Receivables226,556241,395177,205149,251123,65650,854
Inventory, net of allowances, customer advances and progress billings327,773324,282243,108191,217176,13461,915
Inventory327,773324,282243,108191,217176,13461,915
Other undisclosed current assets31,12721,41116,43317,47121,6386,320
Total current assets:1,283,2671,134,872948,089731,661641,664270,881
Noncurrent Assets
Property, plant and equipment103,61191,98082,09487,95098,42047,900
Intangible assets, net (including goodwill)483,186538,008593,092624,989679,10153,698
Goodwill315,811315,811315,811306,632307,14826,372
Intangible assets, net (excluding goodwill)167,375222,197277,281318,357371,95327,326
Deferred income tax assets18,8364,7784,8222,2351,456
Other noncurrent assets20,81225,22521,71621,33727,939582
Other undisclosed noncurrent assets      2,569
Total noncurrent assets:626,445659,991701,724736,511806,916104,749
TOTAL ASSETS:1,909,7121,794,8631,649,8131,468,1721,448,580375,630
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities91,931103,36296,38777,25853,94241,362
Taxes payable   3,164
Employee-related liabilities   21,658
Accounts payable49,86954,52653,34540,18327,73816,540
Accrued liabilities42,06248,83643,04237,07526,204 
Deferred revenue24,76330,16329,97914,33412,629
Other liabilities31,03227,03328,16028,49919,1729,421
Contract with customer, liability8,990
Total current liabilities:147,726160,558154,526120,09185,74359,773
Noncurrent Liabilities
Liabilities, other than long-term debt25,45137,87969,23283,33598,8112,843
Accounts payable and accrued liabilities      871
Contract with customer, liability1,753
Deferred income tax liabilities  7,36640,28155,62367,040
Other liabilities25,45130,51328,95127,71231,771219
Other undisclosed noncurrent liabilities      162
Total noncurrent liabilities:25,45137,87969,23283,33598,8113,005
Total liabilities:173,177198,437223,758203,426184,55462,778
Equity
Equity, attributable to parent1,736,5351,596,4261,426,0551,264,7461,264,026312,852
Common stock494949495024
Additional paid in capital1,262,0291,243,6311,256,1791,233,9671,269,437247,983
Accumulated other comprehensive income (loss)(7,899)(10,010)1,3164,568(598)(2,557)
Retained earnings (accumulated deficit)482,356362,756168,51126,162(4,863)67,402
Total equity:1,736,5351,596,4261,426,0551,264,7461,264,026312,852
TOTAL LIABILITIES AND EQUITY:1,909,7121,794,8631,649,8131,468,1721,448,580375,630

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
Revenues815,8681,005,183788,899556,496305,896324,523
Cost of revenue(395,614)(465,962)(359,813)(278,043)(170,868)(140,429)
Cost of goods and services sold      (140,429)
Gross profit:420,254539,221429,086278,453135,028184,094
Operating expenses(304,176)(302,507)(272,679)(251,776)(140,071)(117,607)
Operating income (loss):116,078236,714156,40726,677(5,043)66,487
Nonoperating income (expense)(3,852)(141)(1,888)(2,708)7801,037
Other nonoperating income (expense)(3,852)(141)(1,888)(2,708)7801,358
Interest and debt expense      (331)
Income (loss) from continuing operations before equity method investments, income taxes:112,226236,573154,51923,969(4,263)67,193
Other undisclosed income from continuing operations before income taxes20,3565,0111,1632,8993,666331
Income (loss) from continuing operations before income taxes:132,582241,584155,68226,868(597)67,524
Income tax expense (benefit)(11,423)(18,250)(13,333)4,1572,507(9,876)
Income from continuing operations:121,159223,334142,34931,0251,91057,648
Income before gain (loss) on sale of properties:142,34931,0251,91057,648
Other undisclosed net income   1   
Net income:121,159223,334142,35031,0251,91057,648
Other undisclosed net loss attributable to parent   (1)   
Net income available to common stockholders, diluted:121,159223,334142,34931,0251,91057,648

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:121,159223,334142,35031,0251,91057,648
Comprehensive income:121,159223,334142,35031,0251,91057,648
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,111(11,326)(3,253)5,166665(433)
Comprehensive income, net of tax, attributable to parent:123,270212,008139,09736,1912,57557,215

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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