Masimo Corporation (MASI) financial statements (2022 and earlier)

Company profile

Business Address 52 DISCOVERY
IRVINE, CA 92618
State of Incorp. DE
Fiscal Year End December 31
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (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 investments745641688552315306132
Cash and cash equivalents745641568552315306132
Short-term investments  120    
Receivables(2)(2)(2)(2)0(1)81
Inventory, net of allowances, customer advances and progress billings20121611694967362
Inventory20121611694967362
Prepaid expense     13 
Other current assets911026029282621
Other undisclosed current assets203143134111125912
Total current assets:1,2381,101996785564507299
Noncurrent Assets
Operating lease, right-of-use asset  19
Net investment in lease745850
Property, plant and equipment273273220166164136132
Long-term investments and receivables  611  
Long-term investments  611  
Intangible assets, net (including goodwill)1731775051484948
Goodwill1001032223212020
Intangible assets, net (excluding goodwill)73742728272928
Deposits noncurrent assets  333  
Restricted cash and investments  000  
Deferred costs   1  1
Deferred income tax assets5339 
Other noncurrent assets494529411911
Other undisclosed noncurrent assets282023143119119111
Total noncurrent assets:649611400370346313303
TOTAL ASSETS:1,8871,7131,3961,155910821602
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities146144117102111106109
Accounts payable76645540343126
Accrued liabilities 763383144
Employee-related liabilities71725549404338
Taxes payable 2210   
Deferred revenue514526
Debt  5  00
Due to related parties 434   
Deferred revenue and credits363821
Other liabilities70      
Other undisclosed current liabilities 4122414763
Total current liabilities:268234172148152220133
Noncurrent Liabilities
Long-term debt and lease obligation, including:      185
Capital lease obligations   0
Other undisclosed long-term debt and lease obligation      185
Liabilities, other than long-term debt6971563852408
Deferred revenue and credits0250
Other liabilities6971563852158
Total noncurrent liabilities:697156385240193
Total liabilities:337305228186203260326
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5501,4081,168969707560275
Treasury stock, value(768)(639)(527)(489)(473)(404)(341)
Additional paid in capital753704601533461382332
Accumulated other comprehensive income (loss)(6)1(7)(6)(3)(7)(5)
Retained earnings1,5711,3411,100931721589289
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest (0)    0
Total stockholders' equity:1,5501,4081,168969707560276
TOTAL LIABILITIES AND EQUITY:1,8871,7131,3961,155910821602

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
Revenues1,2391,144938858798695630
Cost of revenue
(Cost of Goods and Services Sold)
(431)(401)(309)(283)(263)(231)(220)
Gross profit:808743629575535464410
Operating expenses(533)(487)(408)(367)   
Operating income:276256221208535464410
Nonoperating income (expense)(1)8136001
Investment income, nonoperating     0 
Foreign currency transaction gain (loss), before tax(2)3(1) 001
Interest and debt expense(0)(0)(0)(1) (3)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 001(336)(43)(292)
Income from continuing operations before equity method investments, income taxes:274264234214199418116
Other undisclosed income from continuing operations before income taxes0      
Income from continuing operations before income taxes:274264234214199418116
Income tax expense(45)(23)(38)(20)   
Net income:230240196194199418116
Net income attributable to noncontrolling interest 0    2
Other undisclosed net loss attributable to parent    (68)(118)(35)
Net income available to common stockholders, diluted:23024019619413230183

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:230240196194199418116
Other comprehensive income (loss)(7)819619013629879
Comprehensive income:223248392384335717195
Comprehensive income, net of tax, attributable to noncontrolling interest 0    2
Other undisclosed comprehensive loss, net of tax, attributable to parent    (199)(418)(116)
Comprehensive income, net of tax, attributable to parent:22324839238413629881

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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