Cognex Corporation (CGNX) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE VISION DR
NATICK, MA 01760
State of Incorp. MA
Fiscal Year End December 31
Industry (SIC) 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments400,133323,616372,313411,901535,560404,543
Cash and cash equivalents181,374186,161269,073171,431108,212106,582
Short-term investments218,759137,455103,240240,470427,348297,961
Receivables127,596134,338131,328108,229127,484126,842
Inventory, net of allowances, customer advances and progress billings122,480113,10260,83060,26183,28267,923
Inventory122,480113,10260,83060,26183,28267,923
Other undisclosed current assets67,49068,74237,22026,84034,00030,800
Total current assets:717,699639,798601,691607,231780,326630,108
Noncurrent Assets
Operating lease, right-of-use asset37,68223,15722,582 
Property, plant and equipment79,71477,54679,17389,44391,39678,048
Long-term investments and receivables454,117583,748395,125433,452262,039423,441
Long-term investments454,117583,748395,125433,452262,039423,441
Intangible assets, net (including goodwill), including:255,04411,88815,55539,490123,321126,397
Goodwill242,630241,713244,078243,445113,208113,208
Intangible assets, net (excluding goodwill)12,41411,88815,55539,49010,11313,189
Other undisclosed intangible assets, net (including goodwill)  (241,713)(244,078)(243,445)  
Deferred income tax assets407,241418,570434,704 
Other noncurrent assets6,6437,2427,7945,8333,9252,491
Deferred tax assets, net469,62228,66027,385
Other undisclosed noncurrent assets  241,713244,078240,864  
Total noncurrent assets:1,240,4411,363,8641,199,0111,278,704509,341657,762
TOTAL ASSETS:1,958,1402,003,6621,800,7021,885,9351,289,6671,287,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities120,338145,060102,913100,39881,512103,103
Taxes payable8,5779,37930,3335,06211,391
Accounts payable27,10344,05116,27017,86616,23023,463
Accrued liabilities93,23592,43277,26452,19960,22068,249
Deferred revenue40,78735,74321,274 
Deferred compensation liability 19,282     
Deferred revenue and credits9,969
Contract with customer, liability14,4329,845
Other undisclosed current liabilities7,3017,7868,1105,647  
Total current liabilities:187,708188,589132,297120,47791,357113,072
Noncurrent Liabilities
Long-term debt and lease obligation:  17,79518,120   
Liabilities, other than long-term debt332,038367,185388,08365,07862,12979,220
Accounts payable and accrued liabilities 33,00843,16048,91551,11351,11366,741
Deferred tax liabilities, net4487
Deferred income tax liabilities249,961293,769314,952 
Liability for uncertainty in income taxes15,86614,78014,25711,5637,1066,488
Other liabilities 1,90515,4769,9592,4023,8665,904
Operating lease, liability31,29817,79518,120 
Other undisclosed noncurrent liabilities   344,670918225
Total noncurrent liabilities:332,038384,980406,203409,74863,04779,445
Total liabilities:519,746573,569538,500530,225154,404192,517
Equity
Equity, attributable to parent, including:1,438,3941,430,0931,262,2021,355,7101,135,2631,095,353
Additional paid in capital979,167914,802807,739639,372529,208461,338
Accumulated other comprehensive loss(69,297)(47,942)(33,801)(37,275)(40,501)(34,599)
Retained earnings528,179562,882487,912753,268646,214668,267
Other undisclosed equity, attributable to parent345351352345342347
Total equity:1,438,3941,430,0931,262,2021,355,7101,135,2631,095,353
TOTAL LIABILITIES AND EQUITY:1,958,1402,003,6621,800,7021,885,9351,289,6671,287,870

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,006,0901,037,098811,020725,625806,338747,950
Revenue, net747,950
Cost of revenue
(Cost of Goods and Services Sold)
(284,185)(277,271)(206,421)(189,754)(206,052)(168,698)
Gross profit:721,905759,827604,599535,871600,286579,252
Operating expenses(454,897)(444,726)(434,070)(393,269)(379,144)(319,933)
Other undisclosed operating income (loss)(20,779)     
Operating income:246,229315,101170,529142,602221,142259,319
Nonoperating income4,4663,79916,38220,39213,4327,603
Investment income, nonoperating6,7156,66012,99419,68914,7159,542
Gain (loss), foreign currency transaction, before tax(1,837)(2,270)3,697(509)(1,064)(1,601)
Other nonoperating income (expense)(412)(591)(309)1,212(219)(338)
Income from continuing operations before income taxes:250,695318,900186,911162,994234,574266,922
Income tax expense (benefit)(35,170)(39,019)(10,725)40,871(15,307)(89,744)
Income from continuing operations:215,525279,881176,186203,865219,267177,178
Income before gain (loss) on sale of properties:279,881176,186203,865219,267177,178
Net income available to common stockholders, diluted:215,525279,881176,186203,865219,267177,178

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:215,525279,881176,186203,865219,267177,178
Other comprehensive income      5
Comprehensive income:215,525279,881176,186203,865219,267177,183
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(21,355)(14,141)3,4743,226(5,902)21,824
Comprehensive income, net of tax, attributable to parent:194,170265,740179,660207,091213,365199,007

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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