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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments609,603583,518547,784552,712545,000541,911
Cash and cash equivalents224,257230,484175,872200,383180,175172,463
Short-term investments385,346353,034371,912352,329364,825369,448
Receivables187,852209,624241,395235,527234,731206,695
Inventory, net of allowances, customer advances and progress billings352,073338,358324,282307,864280,613263,008
Inventory352,073338,358324,282307,864280,613263,008
Other undisclosed current assets33,51723,59621,41126,53325,28720,628
Total current assets:1,183,0451,155,0961,134,8721,122,6361,085,6311,032,242
Noncurrent Assets
Property, plant and equipment99,88397,62491,98084,25382,98681,689
Intangible assets, net (including goodwill)510,359524,184538,008551,781565,553579,323
Goodwill315,811315,811315,811315,811315,811315,811
Intangible assets, net (excluding goodwill)194,548208,373222,197235,970249,742263,512
Deferred income tax assets8,3204,7874,7784,2874,4614,669
Other noncurrent assets19,25421,15325,22524,81022,82924,484
Total noncurrent assets:637,816647,748659,991665,131675,829690,165
TOTAL ASSETS:1,820,8611,802,8441,794,8631,787,7671,761,4601,722,407
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities85,56791,504103,362144,072139,696108,498
Taxes payable1,5181,376
Employee-related liabilities33,25727,115
Accounts payable49,60053,70054,52663,95172,24870,757
Accrued liabilities35,96737,80448,83645,34638,95737,741
Deferred revenue24,06727,70230,16328,77832,12136,462
Other liabilities27,30329,21227,03331,47833,34139,719
Other undisclosed current liabilities    (34,775)(28,491) 
Total current liabilities:136,937148,418160,558169,553176,667184,679
Noncurrent Liabilities
Liabilities, other than long-term debt27,21029,80137,87948,84056,85065,407
Deferred income tax liabilities  1,7417,36615,50425,42233,396
Other liabilities27,21028,06030,51333,33631,42832,011
Total noncurrent liabilities:27,21029,80137,87948,84056,85065,407
Total liabilities:164,147178,219198,437218,393233,517250,086
Equity
Equity, attributable to parent1,656,7141,624,6251,596,4261,569,3741,527,9431,472,321
Common stock494949505049
Additional paid in capital1,251,1931,241,8391,243,6311,259,4981,265,1561,255,728
Accumulated other comprehensive loss(10,689)(7,528)(10,010)(15,805)(10,679)(5,297)
Retained earnings416,161390,265362,756325,631273,416221,841
Total equity:1,656,7141,624,6251,596,4261,569,3741,527,9431,472,321
TOTAL LIABILITIES AND EQUITY:1,820,8611,802,8441,794,8631,787,7671,761,4601,722,407

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues190,662199,165253,270254,253256,310241,350
Cost of revenue(90,201)(94,190)(116,048)(115,404)(124,183)(110,327)
Gross profit:100,461104,975137,222138,849132,127131,023
Operating expenses(75,654)(75,940)(76,010)(79,542)(74,676)(72,279)
Operating income:24,80729,03561,21259,30757,45158,744
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,710)(281)1,884(962)(859)(204)
Income from continuing operations before equity method investments, income taxes:23,09728,75463,09658,34556,59258,540
Other undisclosed income from continuing operations before income taxes4,7583,4482,4571,516661377
Income from continuing operations before income taxes:27,85532,20265,55359,86157,25358,917
Income tax expense (benefit)(1,959)(3,134)661(7,646)(5,678)(5,587)
Income from continuing operations:25,89629,06866,21452,21551,57553,330
Income before gain (loss) on sale of properties:52,21551,57553,330
Net income available to common stockholders, diluted:25,89629,06866,21452,21551,57553,330

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:25,89629,06866,21452,21551,57553,330
Comprehensive income:25,89629,06866,21452,21551,57553,330
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,161)2,4825,795(5,126)(5,382)(6,613)
Comprehensive income, net of tax, attributable to parent:22,73531,55072,00947,08946,19346,717

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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