MKS Instruments, Inc. (MKSI) financial statements (2023 and earlier)
Company profile
| Business Address |
2 TECH DRIVE ANDOVER, MA 01810 |
| State of Incorp. | MA |
| Fiscal Year End | December 31 |
| 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)
| 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 investments | 76 | 772 | 109 | 74 | 543 | 418 | 658 | ||
| Cash and cash equivalents | 545 | 334 | 229 | 228 | |||||
| Short-term investments | 76 | 228 | 109 | 74 | 209 | 189 | 431 | ||
| Restricted cash and investments | 0 | 5 | |||||||
| Receivables | 443 | 393 | 341 | 295 | 300 | 253 | 102 | ||
| Inventory, net of allowances, customer advances and progress billings | 577 | 501 | 462 | 385 | 339 | 276 | 153 | ||
| Inventory | 577 | 501 | 462 | 385 | 339 | 276 | 153 | ||
| Other current assets | 85 | 74 | 106 | 66 | 54 | 46 | 27 | ||
| Other undisclosed current assets | 966 | 64 | 415 | 644 | |||||
| Total current assets: | 2,147 | 1,804 | 1,434 | 1,464 | 1,236 | 999 | 940 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 184 | 184 | 64 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 325 | 284 | 242 | 194 | 172 | 175 | 69 | ||
| Long-term investments and receivables | 6 | 7 | 6 | 10 | 11 | 10 | |||
| Long-term investments | 6 | 7 | 6 | 10 | 11 | 10 | |||
| Intangible assets, net (including goodwill) | 1,804 | 1,579 | 1,623 | 907 | 957 | 997 | 244 | ||
| Goodwill | 1,228 | 1,066 | 1,058 | 587 | 591 | 589 | 200 | ||
| Intangible assets, net (excluding goodwill) | 576 | 512 | 565 | 320 | 366 | 408 | 44 | ||
| Other noncurrent assets | 73 | 46 | 47 | 39 | 38 | 32 | 21 | ||
| Total noncurrent assets: | 2,393 | 2,099 | 1,983 | 1,150 | 1,178 | 1,213 | 334 | ||
| TOTAL ASSETS: | 4,540 | 3,904 | 3,416 | 2,614 | 2,414 | 2,212 | 1,273 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 325 | 247 | 205 | 183 | 200 | 160 | 56 | ||
| Accounts payable | 168 | 111 | 88 | 84 | 83 | 69 | 23 | ||
| Employee-related liabilities | 132 | 118 | 101 | 82 | 96 | 68 | 28 | ||
| Taxes payable | 25 | 18 | 15 | 16 | 21 | 23 | 4 | ||
| Deferred revenue | 38 | 31 | 21 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 9 | 15 | 33 | 4 | 11 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 13 | 14 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 14 | ✕ | ✕ | ✕ | ||
| Other liabilities | 71 | 66 | 59 | 63 | 74 | 52 | 35 | ||
| Other undisclosed current liabilities | 18 | 16 | 3 | ||||||
| Total current liabilities: | 461 | 374 | 318 | 263 | 290 | 237 | 91 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 193 | 187 | 45 | ||||||
| Operating lease, liability | 193 | 187 | 45 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 146 | 123 | 49 | 82 | 94 | 87 | 21 | ||
| Accounts payable and accrued liabilities | 3 | 0 | 0 | ||||||
| Deferred revenue | 3 | 6 | 3 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 3 | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 48 | 62 | 66 | |||
| Deferred income tax liabilities | 99 | 59 | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 44 | 58 | 43 | 30 | 32 | 21 | 21 | ||
| Other undisclosed noncurrent liabilities | 854 | 859 | 982 | 396 | 441 | 646 | |||
| Total noncurrent liabilities: | 1,193 | 1,169 | 1,075 | 478 | 535 | 733 | 21 | ||
| Total liabilities: | 1,654 | 1,543 | 1,393 | 741 | 825 | 970 | 112 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,887 | 2,361 | 2,023 | 1,873 | 1,589 | 1,242 | 1,161 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 907 | 873 | 864 | 794 | 790 | 777 | 745 | ||
| Accumulated other comprehensive income (loss) | (11) | 0 | (22) | (6) | 3 | (31) | (11) | ||
| Retained earnings | 1,991 | 1,487 | 1,181 | 1,085 | 796 | 495 | 427 | ||
| Total stockholders' equity: | 2,887 | 2,361 | 2,023 | 1,873 | 1,589 | 1,242 | 1,161 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,540 | 3,904 | 3,416 | 2,614 | 2,414 | 2,212 | 1,273 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,950 | 2,330 | 1,900 | 2,075 | 1,916 | 1,295 | 814 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,916 | 1,295 | 814 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,569) | (1,281) | (1,069) | (1,096) | (1,025) | (730) | (451) | |
| Gross profit: | 1,380 | 1,050 | 830 | 979 | 891 | 566 | 363 | |
| Operating expenses | (615) | (532) | (530) | (442) | (444) | (373) | (199) | |
| Other undisclosed operating loss | (66) | (63) | (81) | (44) | (40) | (36) | (7) | |
| Operating income: | 699 | 454 | 220 | 494 | 407 | 157 | 157 | |
| Nonoperating income (expense) | (9) | (3) | 3 | (2) | (6) | 1 | ||
| Other nonoperating income (expense) | (9) | (3) | (3) | (2) | (6) | 1 | ||
| Interest and debt expense | (25) | (29) | (44) | (17) | (31) | (31) | (0) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 1 | (1) | 6 | 78 | 0 | 3 | ||
| Income from continuing operations before equity method investments, income taxes: | 665 | 423 | 178 | 481 | 448 | 128 | 159 | |
| Other undisclosed income from continuing operations before income taxes | 1 | |||||||
| Income from continuing operations before income taxes: | 666 | 423 | 178 | 481 | 448 | 128 | 159 | |
| Income tax expense | (114) | (73) | (37) | (88) | (108) | (23) | (37) | |
| Income before gain (loss) on sale of properties: | 551 | 350 | 140 | 393 | 339 | 105 | 122 | |
| Unusual or infrequent item, or both, net (gain) loss | 1 | ✕ | ||||||
| Other undisclosed net loss | (1) | |||||||
| Net income available to common stockholders, diluted: | 551 | 350 | 140 | 393 | 339 | 105 | 122 | |
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: | 551 | 350 | 140 | 393 | 339 | 105 | 122 | |
| Other comprehensive income (loss) | 0 | 0 | (0) | (9) | ||||
| Comprehensive income: | 551 | 350 | 140 | 393 | 339 | 105 | 113 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (12) | 23 | (17) | (9) | 34 | (19) | ||
| Comprehensive income, net of tax, attributable to parent: | 540 | 373 | 124 | 384 | 373 | 85 | 113 | |
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.