TTM Technologies Inc. (TTMI) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 EAST SANDPOINTE
SANTA ANA, CA 92707
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3672 - Printed Circuit Boards (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 investments450403538452400256
Cash and cash equivalents450403538452400256
Receivables414473386381504523
Inventory, net of allowances, customer advances and progress billings213171128116122109
Inventory213171128116122109
Contract with customer, asset, after allowance for credit loss292336325273288288
Disposal group, including discontinued operation    13  
Other undisclosed current assets6111131152930
Total current assets:1,4301,4931,4071,2491,3431,207
Noncurrent Assets
Operating lease, right-of-use asset8619212424
Property, plant and equipment8087246666501,0231,052
Intangible assets, net (including goodwill)9391,0488779191,1071,143
Goodwill703760637637775767
Intangible assets, net (excluding goodwill)237288240281332376
Other noncurrent assets613954546456
Total noncurrent assets:1,8941,8311,6181,6472,2182,251
TOTAL ASSETS:3,3243,3243,0262,8963,5613,458
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities433477451424582640
Employee-related liabilities89979995
Accounts payable335362361327484431
Accrued liabilities99116   114
Deferred revenue1271041444
Debt450  25030
Other liabilities1411309389111 
Contract with customer, liability3
Total current liabilities:704761558518947673
Noncurrent Liabilities
Long-term debt and lease obligation, including:9148799288431,2261,462
Long-term debt, excluding current maturities9148799288431,2261,462
Finance lease, liability131414  
Other undisclosed long-term debt and lease obligation(13)(14)(30)(17)(17) 
Liabilities, other than long-term debt19414769749395
Disposal group, including discontinued operation, liabilities    0  
Other liabilities11413569749395
Operating lease, liability8112151717
Other undisclosed noncurrent liabilities   151717 
Total noncurrent liabilities:1,1091,0271,0129341,3351,557
Total liabilities:1,8131,7881,5701,4522,2822,230
Equity
Equity, attributable to parent1,5111,5361,4551,4441,2791,227
Common stock000000
Treasury stock, value(123)(99)(64)   
Additional paid in capital881858840831815798
Accumulated other comprehensive loss(29)(25)(27)(39)(10)(4)
Retained earnings782801706652474433
Total equity:1,5111,5361,4551,4441,2791,227
TOTAL LIABILITIES AND EQUITY:3,3243,3243,0262,8963,5613,458

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
Revenues2,2332,4952,2492,1052,6892,847
Cost of revenue
(Cost of Goods and Services Sold)
(1,819)(2,037)(1,877)(1,746)(2,288)(2,390)
Gross profit:413458372359402457
Operating expenses(371)(248)(246)(331)(282)(298)
Operating income:4221012628120159
Nonoperating expense(42)(28)(56)(74)(74)(69)
Other nonoperating income (expense)6185(1)910
Interest and debt expense(1)(46)(15)(73)(83)(79)
Income (loss) from continuing operations before equity method investments, income taxes:(1)13755(119)(37)11
Other undisclosed income from continuing operations before income taxes14615738379
Income (loss) from continuing operations before income taxes:018370(46)4690
Income tax expense (benefit)(19)(88)(16)30(5)84
Income (loss) from continuing operations:(19)9554(16)41174
Income before gain (loss) on sale of properties:5417841174
Income from discontinued operations    194  
Net income (loss) available to common stockholders, basic:(19)955417841174
Interest on convertible debt     1112
Net income (loss) available to common stockholders, diluted:(19)955417852185

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):(19)955417841174
Other comprehensive income (loss)(4)212(29)(6)(7)
Comprehensive income (loss), net of tax, attributable to parent:(23)976614935166

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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