Veeco Instruments Inc. (VECO) Financial Statements (2024 and earlier)

Company Profile

Business Address TERMINAL DRIVE
PLAINVIEW, NY 11803
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3559 - Special Industry Machinery, 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 investments286,399252,891302,413270,973230,075230,901
Cash and cash equivalents180,524140,721154,925169,111116,916127,624
Short-term investments105,875112,170147,488101,862113,159103,277
Restricted cash and investments437476547557727688
Receivables130,140120,091124,221142,985126,881114,479
Inventory, net of allowances, customer advances and progress billings244,470225,717206,908187,737176,491179,066
Inventory244,470225,717206,908187,737176,491179,066
Other undisclosed current assets47,70844,09534,81247,45135,11044,816
Total current assets:709,154643,270668,901649,703569,284569,950
Noncurrent Assets
Operating lease, right-of-use asset25,61126,27926,46725,11926,40527,800
Property, plant and equipment111,993113,228107,281108,416105,031104,128
Intangible assets, net (including goodwill)263,156265,280205,830208,334210,839213,344
Goodwill214,964214,964181,943181,943181,943181,943
Intangible assets, net (excluding goodwill)48,19250,31623,88726,39128,89631,401
Deferred income tax assets115,314115,949116,3491,6391,6391,639
Other noncurrent assets3,2193,2423,3553,4063,4543,503
Total noncurrent assets:519,293523,978459,282346,914347,368350,414
TOTAL ASSETS:1,228,4471,167,2481,128,183996,617916,652920,364
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities111,629118,315104,747154,058133,386117,698
Interest and dividends payable2,7322,7572,744
Taxes payable5,3174,4033,975
Employee-related liabilities33,92026,64435,427
Accounts payable63,21261,97352,04951,12947,07456,154
Accrued liabilities48,41756,34252,69860,96052,50819,398
Debt   20,16920,14420,12020,096
Business combination, contingent consideration, liability9,7919,606    
Other undisclosed current liabilities160,878139,254132,98885,98346,76482,902
Total current liabilities:282,298267,175257,904260,185200,270220,696
Noncurrent Liabilities
Long-term debt and lease obligation274,335254,713254,491285,538285,827286,250
Long-term debt, excluding current maturities274,335254,713254,491254,272254,055253,840
Liabilities, other than long-term debt59,21459,80137,9649,7799,8189,848
Deferred income tax liabilities6,8786,9381,2854,7484,7744,780
Other liabilities19,49819,3503,0985,0315,0445,068
Operating lease, liability32,83833,51333,58131,26631,77232,410
Total noncurrent liabilities:333,549314,514292,455295,317295,645296,098
Total liabilities:615,847581,689550,359555,502495,915516,794
Equity
Equity, attributable to parent612,600585,559577,824441,115420,737403,570
Common stock564517517515515513
Additional paid in capital1,189,0511,076,6981,078,1801,071,0971,065,5901,057,808
Accumulated other comprehensive income1,3651,404928219389661
Accumulated deficit(578,380)(493,060)(501,801)(630,716)(645,757)(655,412)
Total equity:612,600585,559577,824441,115420,737403,570
TOTAL LIABILITIES AND EQUITY:1,228,4471,167,2481,128,183996,617916,652920,364

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
Revenues161,641153,504153,799171,913163,999156,426
Cost of revenue
(Cost of Goods and Services Sold)
(94,131)(91,487)(90,880)(101,962)(99,732)(90,413)
Gross profit:67,51062,01762,91969,95164,26766,013
Operating expenses(53,822)(52,211)(49,527)(52,387)(51,444)(49,496)
Operating income:13,6889,80613,39217,56412,82316,517
Nonoperating income (expense)(94,671)2,0731,32657121389
Investment income, nonoperating2,4202,0731,32657121389
Other nonoperating expense (97,091)     
Interest and debt expense(3,052)(2,875)(2,884)(2,886)(2,848)(2,892)
Income (loss) from continuing operations before income taxes:(84,035)9,00411,83415,24910,18813,714
Income tax expense (benefit)(1,285)(263)117,082(208)(533)(384)
Income (loss) from continuing operations:(85,320)8,741128,91615,0419,65513,330
Income before gain (loss) on sale of properties:15,0419,65513,330
Net income (loss) available to common stockholders, basic:(85,320)8,741128,91615,0419,65513,330
Interest on convertible debt 1,2773,1932,5491,2732,544
Net income (loss) available to common stockholders, diluted:(85,320)10,018132,10917,59010,92815,874

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 (loss):(85,320)8,741128,91615,0419,65513,330
Comprehensive income (loss):(85,320)8,741128,91615,0419,65513,330
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(39)476709(170)(272)(822)
Comprehensive income (loss), net of tax, attributable to parent:(85,359)9,217129,62514,8719,38312,508

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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