Keysight Technologies Inc. (KEYS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1400 FOUNTAINGROVE PARKWAY SANTA ROSA, CA 95403 |
| State of Incorp. | DE |
| Fiscal Year End | October 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 millions)
| 7/31/2023 MRQ | 1/31/2023 MRQ | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,228 | 2,042 | 2,052 | 1,756 | 1,598 | 913 | |||
| Cash and cash equivalents | 2,228 | 2,042 | 2,052 | 1,756 | 1,598 | 913 | |||
| Receivables | 920 | 905 | 735 | 606 | 668 | 624 | |||
| Inventory, net of allowances, customer advances and progress billings | 909 | 858 | 777 | 757 | 705 | 619 | |||
| Inventory | 909 | 858 | 777 | 757 | 705 | 619 | |||
| Prepaid expense | 295 | 280 | |||||||
| Other current assets | 146 | 149 | 270 | 255 | 244 | 222 | |||
| Total current assets: | 4,498 | 4,234 | 3,834 | 3,374 | 3,215 | 2,378 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 222 | 220 | 227 | 182 | ✕ | ||||
| Property, plant and equipment | 728 | 690 | 650 | 595 | 576 | 555 | |||
| Long-term investments and receivables | 75 | 62 | 70 | 61 | 46 | 46 | |||
| Long-term investments | 75 | 62 | 70 | 61 | 46 | 46 | |||
| Intangible assets, net (including goodwill) | 1,777 | 1,771 | 1,900 | 1,898 | 1,699 | 1,816 | |||
| Goodwill | 1,611 | 1,582 | 1,628 | 1,537 | 1,209 | 1,171 | |||
| Intangible assets, net (excluding goodwill) | 166 | 189 | 272 | 361 | 490 | 645 | |||
| Restricted cash and investments | 2 | ||||||||
| Estimated insurance recoveries | 3 | ||||||||
| Deferred income tax assets | 679 | 667 | 711 | 740 | ✕ | ||||
| Other noncurrent assets | 469 | 454 | 389 | 368 | 332 | 279 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 750 | ||
| Other undisclosed noncurrent assets | 750 | ||||||||
| Total noncurrent assets: | 3,950 | 3,864 | 3,947 | 3,844 | 3,408 | 3,446 | |||
| TOTAL ASSETS: | 8,448 | 8,098 | 7,781 | 7,218 | 6,623 | 5,824 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 766 | 1,206 | 737 | 597 | 586 | 585 | |||
| Taxes payable | ✕ | ✕ | 96 | 74 | 64 | 55 | 42 | ||
| Employee-related liabilities | ✕ | ✕ | 333 | 355 | 289 | 278 | 276 | ||
| Accounts payable | 325 | 348 | 287 | 224 | 253 | 242 | |||
| Accrued liabilities | 441 | 429 | 21 | 20 | 25 | ||||
| Deferred revenue | 554 | 495 | 478 | 391 | 334 | ✕ | |||
| Debt | 499 | ||||||||
| Other liabilities | 123 | 96 | 74 | 70 | 83 | 69 | |||
| Other undisclosed current liabilities | 22 | (390) | 20 | 23 | 309 | ||||
| Total current liabilities: | 1,465 | 1,407 | 1,309 | 1,081 | 1,003 | 1,462 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,793 | 1,979 | 1,982 | 1,938 | 1,788 | 1,291 | |||
| Long-term debt, excluding current maturities | 1,793 | 1,793 | 1,791 | 1,789 | 1,788 | 1,291 | |||
| Liabilities, other than long-term debt | 786 | 551 | 706 | 902 | 828 | 511 | |||
| Deferred revenue | 217 | 197 | 187 | 175 | 176 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 61 | 58 | 167 | 362 | 357 | 224 | |||
| Other liabilities | 322 | 296 | 352 | 365 | 295 | 287 | |||
| Operating lease, liability | 186 | 186 | 191 | 149 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 127 | ||||||||
| Total noncurrent liabilities: | 2,579 | 2,530 | 2,688 | 2,840 | 2,616 | 1,929 | |||
| Total liabilities: | 4,044 | 3,937 | 3,997 | 3,921 | 3,619 | 3,391 | |||
| Equity | |||||||||
| Equity, attributable to parent | 4,404 | 4,161 | 3,784 | 3,297 | 3,004 | 2,433 | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Treasury stock, value | (2,399) | (2,274) | (1,425) | (752) | (342) | (182) | |||
| Additional paid in capital | 2,378 | 2,333 | 2,219 | 2,110 | 2,013 | 1,889 | |||
| Accumulated other comprehensive loss | (391) | (454) | (442) | (599) | (578) | (488) | |||
| Retained earnings | 4,814 | 4,554 | 3,430 | 2,536 | 1,909 | 1,212 | |||
| Total equity: | 4,404 | 4,161 | 3,784 | 3,297 | 3,004 | 2,433 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,448 | 8,098 | 7,781 | 7,218 | 6,623 | 5,824 | |||
Income Statement (P&L) ($ in millions)
| 7/31/2023 TTM | 1/31/2023 TTM | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,551 | 5,420 | 4,941 | 4,221 | 4,303 | 3,878 | ||
| Cost of revenue | (2,025) | (1,970) | (1,872) | (1,688) | (1,769) | (1,756) | ||
| Cost of goods and services sold | (2,022) | (1,970) | (1,872) | (1,688) | (1,769) | (1,756) | ||
| Gross profit: | 3,526 | 3,450 | 3,069 | 2,533 | 2,534 | 2,122 | ||
| Operating expenses | (2,153) | (2,124) | (2,006) | (1,812) | (2,066) | (2,804) | ||
| Other operating income, net | 9 | 8 | 17 | 44 | 20 | 33 | ||
| Other undisclosed operating income | 3 | 223 | 303 | |||||
| Operating income (loss): | 1,385 | 1,334 | 1,080 | 765 | 711 | (346) | ||
| Nonoperating income | 42 | 30 | 9 | 74 | 84 | 18 | ||
| Investment income, nonoperating | 31 | 16 | 3 | 11 | 23 | 12 | ||
| Other nonoperating income | 11 | 14 | 6 | 63 | 61 | 6 | ||
| Interest and debt expense | (78) | (79) | (79) | (78) | (80) | (83) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,349 | 1,285 | 1,010 | 761 | 715 | (411) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 3 | 308 | 322 | 1,195 | ||||
| Income from continuing operations before income taxes: | 1,352 | 1,285 | 1,010 | 1,069 | 1,037 | 784 | ||
| Income tax expense (benefit) | (197) | (161) | (116) | (134) | (94) | 576 | ||
| Income from continuing operations: | 1,155 | 1,124 | 894 | 935 | 943 | 1,360 | ||
| Income before gain (loss) on sale of properties: | 895 | 1,124 | 894 | 935 | 943 | 1,360 | ||
| Other undisclosed net loss | (308) | (322) | (1,195) | |||||
| Net income available to common stockholders, diluted: | 1,155 | 1,124 | 894 | 627 | 621 | 165 | ||
Comprehensive Income ($ in millions)
| 7/31/2023 TTM | 1/31/2023 TTM | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,155 | 1,124 | 894 | 627 | 621 | 165 | ||
| Other comprehensive income (loss) | 60 | (12) | 157 | (21) | (90) | (31) | ||
| Comprehensive income, net of tax, attributable to parent: | 1,215 | 1,112 | 1,051 | 606 | 531 | 134 | ||
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.