Masimo Corporation (MASI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments641688552315306132134
Cash and cash equivalents641568552315306132134
Short-term investments 120     
Receivables(2)(2)(2)0(1)8171
Inventory, net of allowances, customer advances and progress billings2161169496736270
Inventory2161169496736270
Prepaid expense    13 10
Deferred tax assets    18
Other current assets102602928262121
Other undisclosed current assets143134111125912(9)
Total current assets:1,101996785564507299315
Noncurrent Assets
Operating lease, right-of-use asset 19
Net investment in lease5850
Property, plant and equipment273220166164136132102
Long-term investments and receivables 611   
Long-term investments 611   
Intangible assets, net (including goodwill)177505148494849
Goodwill103222321202021
Intangible assets, net (excluding goodwill)74272827292828
Deposits noncurrent assets 333   
Restricted cash and investments 000   
Deferred costs  1  11
Deferred income tax assets39 
Other noncurrent assets45294119117
Deferred tax assets, net    24
Other undisclosed noncurrent assets202314311911911167
Total noncurrent assets:611400370346313303250
TOTAL ASSETS:1,7131,3961,155910821602565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities144117102111106109103
Accounts payable64554034312638
Accrued liabilities76338314425
Employee-related liabilities72554940433834
Taxes payable2210   7
Deferred revenue4526
Debt 5  000
Due to related parties434    
Deferred revenue and credits36382121
Other undisclosed current liabilities4122414763 
Total current liabilities:234172148152220133124
Noncurrent Liabilities
Long-term debt and lease obligation, including:     185125
Capital lease obligations   00
Other undisclosed long-term debt and lease obligation     185125
Liabilities, other than long-term debt715638524089
Deferred revenue and credits02501
Off-market lease, unfavorable      1
Other liabilities715638521588
Other undisclosed noncurrent liabilities      (1)
Total noncurrent liabilities:7156385240193133
Total liabilities:305228186203260326257
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4081,168969707560275306
Treasury stock, value(639)(527)(489)(473)(404)(341)(186)
Additional paid in capital704601533461382332289
Accumulated other comprehensive income (loss)1(7)(6)(3)(7)(5)(2)
Retained earnings1,3411,100931721589289205
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest(0)    02
Total stockholders' equity:1,4081,168969707560276308
TOTAL LIABILITIES AND EQUITY:1,7131,3961,155910821602565

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,144938858798695630587
Cost of revenue
(Cost of Goods and Services Sold)
(401)(309)(283)(263)(231)(220)(196)
Gross profit:743629575535464410391
Operating expenses(487)(408)(367)   (287)
Operating income:256221208535464410104
Nonoperating income (expense)8136001(1)
Investment income, nonoperating    0  
Foreign currency transaction gain (loss), before tax3(1) 0011
Interest and debt expense(0)(0)(1) (3)(2)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes001(336)(43)(292)1
Income from continuing operations before income taxes:264234214199418116102
Income tax expense(23)(38)(20)   (28)
Net income:24019619419941811674
Net income (loss) attributable to noncontrolling interest0    2(2)
Other undisclosed net loss attributable to parent   (68)(118)(35) 
Net income available to common stockholders, diluted:2401961941323018373

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:24019619419941811674
Other comprehensive income (loss)819619013629879(6)
Comprehensive income:24839238433571719568
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0    2(2)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (199)(418)(116) 
Comprehensive income, net of tax, attributable to parent:2483923841362988166

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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