Cohu, Inc. (COHU) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
12367 CROSTHWAITE CIRCLE POWAY, CA 92064-6817 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 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 investments | 385,576 | 379,905 | 149,358 | 155,194 | 164,921 | 155,615 | |||
| Cash and cash equivalents | 242,341 | 290,201 | 149,358 | 155,194 | 164,921 | 134,286 | |||
| Short-term investments | 143,235 | 89,704 | 21,329 | ||||||
| Receivables | (300) | (200) | |||||||
| Inventory, net of allowances, customer advances and progress billings | 170,141 | 161,053 | 142,500 | 130,706 | 139,314 | 62,085 | |||
| Inventory | 170,141 | 161,053 | 142,500 | 130,706 | 139,314 | 62,085 | |||
| Prepaid expense | 24,017 | 16,194 | 18,773 | 17,483 | 26,206 | ||||
| Disposal group, including discontinued operation | 3,503 | 3,741 | |||||||
| Asset, held-for-sale, not part of disposal group | 827 | ||||||||
| Other current assets | 8,969 | 768 | 1,827 | 3,158 | 1,682 | 8,613 | |||
| Other undisclosed current assets | 176,148 | 192,873 | 172,588 | 128,825 | 149,675 | 71,325 | |||
| Total current assets: | 764,851 | 750,793 | 485,046 | 439,696 | 485,239 | 297,438 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 22,804 | 25,060 | 29,203 | 33,269 | ✕ | ✕ | |||
| Property, plant and equipment | 65,011 | 63,957 | 66,916 | 70,912 | 74,332 | 34,172 | |||
| Intangible assets, net (including goodwill) | 353,643 | 397,111 | 485,989 | 513,688 | 561,088 | 82,361 | |||
| Goodwill | 213,539 | 219,791 | 252,304 | 238,669 | 242,127 | 65,613 | |||
| Intangible assets, net (excluding goodwill) | 140,104 | 177,320 | 233,685 | 275,019 | 318,961 | 16,748 | |||
| Disposal group, including discontinued operation, noncurrent assets | 115 | 79 | |||||||
| Other noncurrent assets | 21,105 | 22,123 | 23,192 | 20,030 | 13,264 | 6,486 | |||
| Total noncurrent assets: | 462,563 | 508,251 | 605,300 | 638,014 | 648,763 | 123,019 | |||
| TOTAL ASSETS: | 1,227,414 | 1,259,044 | 1,090,346 | 1,077,710 | 1,134,002 | 420,457 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 139,653 | 157,554 | 142,983 | 134,124 | 146,388 | 74,271 | |||
| Taxes payable | ✕ | ✕ | 6,873 | 3,857 | 3,894 | 11,055 | 2,159 | ||
| Employee-related liabilities | ✕ | ✕ | 39,835 | 34,862 | 23,741 | 29,402 | 20,178 | ||
| Accounts payable | 51,763 | 85,230 | 67,923 | 48,697 | 48,117 | 37,556 | |||
| Accrued liabilities | 87,890 | 25,616 | 36,341 | 57,792 | 57,814 | 14,378 | |||
| Deferred revenue | 6,886 | 7,300 | 14,410 | ✕ | ✕ | ||||
| Debt | 8,218 | 17,456 | 13,703 | 3,195 | 3,115 | 4,388 | |||
| Deferred compensation liability | 1,100 | 1,600 | 1,800 | ||||||
| Disposal group, including discontinued operation | 599 | 518 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,608 | ||
| Other undisclosed current liabilities | 5,015 | 8,549 | 1,557 | 10,967 | 10,568 | ||||
| Total current liabilities: | 160,872 | 192,459 | 174,453 | 148,885 | 160,589 | 85,267 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 72,664 | 103,393 | 311,551 | 28,877 | 343,428 | 4,575 | |||
| Long-term debt, excluding current maturities | 72,664 | 103,393 | 311,551 | 343,428 | 4,575 | ||||
| Liabilities, other than long-term debt | 45,828 | 58,650 | 66,267 | 70,358 | 81,428 | 41,524 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10,233 | ||
| Accounts payable and accrued liabilities | 14,106 | 14,726 | 15,788 | 17,094 | 13,970 | 9,826 | |||
| Deferred gain on sale of property | 8,776 | ✕ | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 38,942 | 2,921 | ||
| Deferred income tax liabilities | 21,359 | 25,887 | 28,816 | 31,310 | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 10,363 | 18,037 | 21,663 | 21,930 | 19,740 | 18,544 | |||
| Disposal group, including discontinued operation, liabilities | 24 | ||||||||
| Operating lease, liability | 28,877 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 22,040 | 25,787 | 346,518 | 2,613 | |||||
| Total noncurrent liabilities: | 118,492 | 184,083 | 403,605 | 445,753 | 427,469 | 46,099 | |||
| Total liabilities: | 279,364 | 376,542 | 578,058 | 594,638 | 588,058 | 131,366 | |||
| Equity | |||||||||
| Equity, attributable to parent | 928,841 | 882,502 | 512,288 | 483,072 | 546,243 | 289,091 | |||
| Common stock | 49,276 | 48,756 | 42,190 | 41,395 | 40,763 | 28,489 | |||
| Treasury stock, value | (58,043) | (7,324) | |||||||
| Additional paid in capital | 687,218 | 674,777 | 448,194 | 433,190 | 419,690 | 127,663 | |||
| Accumulated other comprehensive loss | (40,012) | (27,262) | (4,326) | (34,030) | (25,880) | (17,787) | |||
| Retained earnings | 290,402 | 193,555 | 26,230 | 42,517 | 111,670 | 150,726 | |||
| Equity, attributable to noncontrolling interest | (299) | ||||||||
| Total equity: | 928,841 | 882,502 | 512,288 | 483,072 | 545,944 | 289,091 | |||
| Other undisclosed liabilities and equity | 19,209 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 1,227,414 | 1,259,044 | 1,090,346 | 1,077,710 | 1,134,002 | 420,457 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 812,775 | 887,214 | 636,007 | 583,329 | 451,768 | 352,704 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 352,704 | |
| Cost of revenue (Cost of Goods and Services Sold) | (429,449) | (500,253) | (364,225) | (353,500) | (292,460) | (211,986) | ||
| Gross profit: | 383,326 | 386,961 | 271,782 | 229,829 | 159,308 | 140,718 | ||
| Operating expenses | (257,769) | (185,443) | (268,522) | (282,157) | (189,089) | (105,970) | ||
| Operating income (loss): | 125,557 | 201,518 | 3,260 | (52,328) | (29,781) | 34,748 | ||
| Nonoperating income (expense) | 5,647 | 650 | (2,946) | 807 | 2,846 | |||
| Investment income, nonoperating | 4,012 | 239 | 224 | 764 | 1,187 | |||
| Gain (loss), foreign currency transaction, before tax | 1,635 | 411 | (3,170) | 43 | 1,659 | |||
| Interest and debt expense | (4,489) | (9,824) | (13,491) | (20,556) | (4,977) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 617 | |||||||
| Income (loss) from continuing operations before income taxes: | 126,715 | 192,344 | (13,177) | (72,077) | (31,912) | 35,365 | ||
| Income tax expense (benefit) | (29,868) | (25,019) | (666) | 3,082 | (631) | (2,244) | ||
| Income (loss) from continuing operations: | 96,847 | 167,325 | (13,843) | (68,995) | (32,543) | 33,121 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 167,325 | (13,801) | (69,692) | (32,543) | 33,121 | ||
| Income (loss) from discontinued operations | 42 | (697) | ||||||
| Other undisclosed net income | 119 | |||||||
| Net income (loss): | 96,847 | 167,325 | (13,801) | (69,692) | (32,424) | 33,121 | ||
| Net income (loss) attributable to noncontrolling interest | (8) | 243 | ||||||
| Other undisclosed net loss attributable to parent | (278) | |||||||
| Net income (loss) available to common stockholders, diluted: | 96,847 | 167,325 | (13,801) | (69,700) | (32,181) | 32,843 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 96,847 | 167,325 | (13,801) | (69,692) | (32,424) | 33,121 | ||
| Other comprehensive income (loss) | (12,750) | (22,936) | 29,704 | (8,150) | (8,093) | |||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | 84,097 | 144,389 | 15,903 | (77,842) | (40,517) | 33,121 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (4) | 248 | ||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 9,817 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 84,097 | 144,389 | 15,903 | (77,846) | (40,269) | 42,938 | ||
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.