Veeco Instruments Inc. (VECO) financial statements (2022 and earlier)

Company profile

Business Address TERMINAL DRIVE
PLAINVIEW, NY 11803
State of Incorp. DE
Fiscal Year End December 31
SIC 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments224319245260328344
Cash and cash equivalents120130129212280277
Short-term investments104190115484867
Restricted cash and investments11111 
Receivables1108046679958
Inventory, net of allowances, customer advances and progress billings17114613315612077
Inventory17114613315612077
Deferred costs0003166
Disposal group, including discontinued operation  11   
Other undisclosed current assets444140333316
Total current assets:549587476520597502
Noncurrent Assets
Operating lease, right-of-use asset291014
Property, plant and equipment1006576808561
Intangible assets, net (including goodwill)216228243269677173
Goodwill182182182184307115
Intangible assets, net (excluding goodwill)3446628537058
Deferred income tax assets212
Other noncurrent assets467292521
Deferred tax assets, net232
Total noncurrent assets:350311342381790257
TOTAL ASSETS:8998988189011,387759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10574558411156
Accounts payable443421405023
Accrued liabilities17914176033
Employee-related liabilities36271520  
Taxes payable5313  
Interest and dividends payable3344  
Debt  4  0
Restructuring reserve 032  
Customer advances and deposits10985
Other undisclosed current liabilities8472567442
Total current liabilities:189147118160223144
Noncurrent Liabilities
Long-term debt and lease obligation2623273102872761
Long-term debt, excluding current maturities2293213002872761
Operating lease, liability33610
Liabilities, other than long-term debt101615164720
Deferred tax liabilities, net63713
Deferred income tax liabilities556
Other liabilities510910116
Total noncurrent liabilities:27234332530332320
Total liabilities:461490444463547164
Stockholders' equity
Stockholders' equity attributable to parent438408375438841595
Common stock100000
Treasury stock, value   (6)(1)(2)
Additional paid in capital1,1171,1131,0711,0611,053763
Accumulated other comprehensive income122222
Accumulated deficit(681)(707)(699)(620)(213)(169)
Total stockholders' equity:438408375438841595
TOTAL LIABILITIES AND EQUITY:8998988189011,387759

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues583454419542485332
Revenue, net485332
Cost of revenue
(Cost of Goods and Services Sold)
(341)(260)(261)(348)(300)(200)
Gross profit:242194158194184133
Operating expenses(186)(172)(198)(609)(248)(253)
Operating income (loss):5723(40)(416)(64)(120)
Nonoperating income (expense)(3)(6)(16)321
Investment income, nonoperating225321
Other nonoperating expense(5)(8)(21)   
Interest and debt expense(28)(25)(22)(22)(19)(0)
Income (loss) from continuing operations before income taxes:26(8)(78)(434)(81)(119)
Income tax expense (benefit)00(1)2736(3)
Net income (loss) available to common stockholders, diluted:26(8)(79)(407)(45)(122)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):26(8)(79)(407)(45)(122)
Comprehensive income (loss):26(8)(79)(407)(45)(122)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)0000
Comprehensive income (loss), net of tax, attributable to parent:26(8)(79)(407)(45)(122)

Statements sources

The financial statements are based on the company's filings with the 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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