MTS Systems Corporation (MTSC) financial statements (2021 and earlier)

Company profile

Business Address 14000 TECHNOLOGY DR
EDEN PRAIRIE, MN 55344-2290
State of Incorp. MN
Fiscal Year End September 30
SIC 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments645872109855260
Cash and cash equivalents645872109855260
Receivables13112112212413490104
Inventory, net of allowances, customer advances and progress billings1771671391281338684
Inventory1771671391281338684
Other undisclosed current assets88104959789100103
Total current assets:461450428457440328351
Noncurrent Assets
Property, plant and equipment102101901001018082
Intangible assets, net (including goodwill)7367366156256364747
Goodwill4304293693703702826
Intangible assets, net (excluding goodwill)3063072462552672021
Deferred income tax assets57
Other noncurrent assets25424524
Other undisclosed noncurrent assets  34534
Total noncurrent assets:869847711732748133136
TOTAL ASSETS:1,3291,2981,1391,1901,188461487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities951101071131066968
Accounts payable46474848463327
Accrued liabilities445665 
Employee-related liabilities35474449462830
Taxes payable4754336
Interest and dividends payable66555 4
Deferred revenue6671
Debt57283339102160
Deferred tax liabilities   12
Customer advances and deposits777366 
Contract with customer, liability80
Other liabilities52431919282017
Other undisclosed current liabilities      57
Total current liabilities:270252239247216177203
Noncurrent Liabilities
Long-term debt and lease obligation483485356419455  
Long-term debt, excluding current maturities483485356419455  
Liabilities, other than long-term debt877820951122626
Pension and other postretirement defined benefit plans, liabilities8
Accounts payable and accrued liabilities546666 
Accrued income taxes6
Deferred tax liabilities, net 758686
Deferred income tax liabilities4042
Liability, pension and other postretirement and postemployment benefits161799148 
Other liabilities261556647
Other undisclosed noncurrent liabilities  46    
Total noncurrent liabilities:5705624225145672626
Total liabilities:841814661761783203229
Stockholders' equity
Stockholders' equity attributable to parent489484478429405258258
Common stock5544444
Additional paid in capital18418217116415546
Accumulated other comprehensive income (loss)(15)(18)1(1)(10)(6)6
Retained earnings315315301261257256242
Total stockholders' equity:489484478429405258258
TOTAL LIABILITIES AND EQUITY:1,3291,2981,1391,1901,188461487

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues895893778788650564564
Revenue, net788650564564
Cost of revenue(568)(564)(473)(486)(419)(344)(341)
Cost of goods and services sold   (486)(419)(344)(341)
Gross profit:327329306302231220224
Operating expenses(250)(249)(240)(247)(190)(158)(163)
Operating income:77806555426160
Nonoperating income (expense)(0)05(1)01(3)
Foreign currency transaction gain (loss), before tax     3(1)
Other nonoperating income (expense)(0)05(1)0(2)(1)
Interest and debt expense(5)(7)(5)(31)(8)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(28)(25)(21)  (3)1
Income from continuing operations before income taxes:44494423345958
Income tax expense (benefit)(6)(6)172(6)(14)(16)
Net income available to common stockholders, diluted:38436125274542

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income:38436125274542
Other comprehensive loss     (12) 
Comprehensive income:38436125273442
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(11)(20)110(5)0(7)
Comprehensive income, net of tax, attributable to parent:27236335233435

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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