FormFactor, Inc. (FORM) financial statements (2023 and earlier)

Company profile

Business Address 7005 SOUTHFRONT ROAD
LIVERMORE, CA 94551
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments276255221149140109188
Cash and cash equivalents1511871459891101146
Short-term investments12568765149741
Restricted cash and investments222100 
Receivables1161089897847237
Inventory, net of allowances, customer advances and progress billings112998378686027
Inventory112998378686027
Other undisclosed current assets1923151414146
Total current assets:524487419338306255258
Noncurrent Assets
Operating lease, right-of-use asset353131
Property, plant and equipment1471045954474324
Intangible assets, net (including goodwill)24927225725728731556
Goodwill21221319918919018831
Intangible assets, net (excluding goodwill)365958689712726
Restricted cash and investments2211110
Deferred income tax assets6266 
Other noncurrent assets2111231
Other undisclosed noncurrent assets  7177333
Total noncurrent assets:49647642139034136485
TOTAL ASSETS:1,021963840728647619343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1091177768696540
Accounts payable58624140353418
Accrued liabilities51553628333022
Taxes payable    100
Debt91049301813 
Deferred revenue and credits554
Other undisclosed current liabilities3128105   
Total current liabilities:149155137103928344
Noncurrent Liabilities
Long-term debt and lease obligation46534535874 
Long-term debt, excluding current maturities1525163587  
Capital lease obligations  4 
Operating lease, liability312829
Liabilities, other than long-term debt45 2411
Accounts payable and accrued liabilities    111
Deferred tax liabilities, net23  
Deferred income tax liabilities45 
Other undisclosed noncurrent liabilities6618841303
Total noncurrent liabilities:56656246961354
Total liabilities:20521919914818821848
Stockholders' equity
Stockholders' equity attributable to parent816744641580459401295
Common stock0000000
Additional paid in capital899904886863843833719
Accumulated other comprehensive income (loss)(1)6(1)13(4)(2)
Accumulated deficit(82)(166)(244)(284)(388)(429)(422)
Total stockholders' equity:816744641580459401295
TOTAL LIABILITIES AND EQUITY:1,021963840728647619343

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues770694589530548384282
Revenue, net548384282
Cost of revenue
(Cost of Goods and Services Sold)
(447)(406)(352)(319)(333)(281)(197)
Gross profit:32328823721021610386
Operating expenses(225)(204)(188)(174)(169)(151)(90)
Operating income (loss):9884503646(48)(4)
Nonoperating income (expense)12310(2)3
Investment income, nonoperating1231100
Other nonoperating income (expense)011(0)(0)(3)3
Interest and debt expense(1)(1)(2)(3)(4)(0) 
Other undisclosed income from continuing operations before equity method investments, income taxes     0 
Income (loss) from continuing operations before income taxes:9985513442(50)(1)
Income tax expense (benefit)(15)(7)(12)70(1)44(0)
Net income (loss) available to common stockholders, diluted:84793910441(7)(2)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):84793910441(7)(2)
Other comprehensive income (loss)  (1)(2)7(2)(0)
Comprehensive income (loss):84793810248(8)(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7)7     
Comprehensive income (loss), net of tax, attributable to parent:77853810248(8)(2)

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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