Masimo Corporation (MASI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments68855231530613213495
Cash and cash equivalents56855231530613213495
Short-term investments120      
Receivables(2)(2)0(1)817184
Inventory, net of allowances, customer advances and progress billings116949673627057
Inventory116949673627057
Prepaid expense   13 109
Deferred tax assets    1820
Other current assets6029282621213
Other undisclosed current assets134111125912(9)4
Total current assets:996785564507299315272
Noncurrent Assets
Operating lease, right-of-use asset19
Net investment in lease50
Property, plant and equipment22016616413613210225
Long-term investments and receivables611    
Long-term investments611    
Intangible assets, net (including goodwill)50514849484951
Goodwill22232120202123
Intangible assets, net (excluding goodwill)27282729282828
Deposits noncurrent assets333    
Restricted cash and investments000    
Deferred costs 1  11 
Other noncurrent assets2941191177
Deferred tax assets, net    2423
Other undisclosed noncurrent assets231431191191116762
Total noncurrent assets:400370346313303250167
TOTAL ASSETS:1,3961,155910821602565439
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11710211110610910383
Accounts payable55403431263828
Accrued liabilities633831442523
Employee-related liabilities55494043383429
Taxes payable210   72
Deferred revenue26
Debt5  0000
Due to related parties34     
Deferred revenue and credits3638212121
Other undisclosed current liabilities22414763  
Total current liabilities:172148152220133124104
Noncurrent Liabilities
Long-term debt and lease obligation, including:    1851250
Capital lease obligations   000
Other undisclosed long-term debt and lease obligation    185125 
Liabilities, other than long-term debt563852408910
Deferred revenue and credits025011
Off-market lease, unfavorable     11
Other liabilities56385215888
Other undisclosed noncurrent liabilities     (1)(2)
Total noncurrent liabilities:563852401931338
Total liabilities:228186203260326257112
Stockholders' equity
Stockholders' equity attributable to parent, including:1,168969707560275306326
Treasury stock, value(527)(489)(473)(404)(341)(186)(83)
Additional paid in capital601533461382332289273
Accumulated other comprehensive income (loss)(7)(6)(3)(7)(5)(2)4
Retained earnings1,100931721589289205133
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest    02(0)
Total stockholders' equity:1,168969707560276308326
TOTAL LIABILITIES AND EQUITY:1,3961,155910821602565439

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues938858798695630587547
Cost of revenue
(Cost of Goods and Services Sold)
(309)(283)(263)(231)(220)(196)(188)
Gross profit:629575535464410391359
Operating expenses(408)(367)   (287)(279)
Operating income:22120853546441010480
Nonoperating income (expense)136001(1)(4)
Investment income, nonoperating   0   
Foreign currency transaction gain (loss), before tax(1) 00114
Interest and debt expense(0)(1) (3)(2)(1) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes01(336)(43)(292)1 
Income from continuing operations before income taxes:23421419941811610276
Income tax expense(38)(20)   (28)(20)
Net income:1961941994181167456
Net income (loss) attributable to noncontrolling interest    2(2)3
Other undisclosed net loss attributable to parent  (68)(118)(35)  
Net income available to common stockholders, diluted:196194132301837358

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1961941994181167456
Other comprehensive income (loss)19619013629879(6) 
Comprehensive income:3923843357171956856
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    2(2)(3)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (199)(418)(116) 6
Comprehensive income, net of tax, attributable to parent:392384136298816659

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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