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)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments113 587210985
Cash and cash equivalents113 587210985
Receivables124 121122124134
Inventory, net of allowances, customer advances and progress billings180 167139128133
Inventory180 167139128133
Other undisclosed current assets113 104959789
Total current assets:528 450428457440
Noncurrent Assets
Property, plant and equipment90 10190100101
Intangible assets, net (including goodwill)524 736615625636
Goodwill231 429369370370
Intangible assets, net (excluding goodwill)293 307246255267
Deferred income tax assets5 7
Other noncurrent assets21 4245
Other undisclosed noncurrent assets   345
Total noncurrent assets:640 847711732748
TOTAL ASSETS:1,168 1,2981,1391,1901,188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities114 110107113106
Accounts payable60 47484846
Accrued liabilities6 4566
Employee-related liabilities44 47444946
Taxes payable5 7543
Interest and dividends payable  6555
Deferred revenue84 71
Debt36 28333910
Customer advances and deposits7773
Contract with customer, liability80
Other liabilities51 43191928
Other undisclosed current liabilities28     
Total current liabilities:314 252239247216
Noncurrent Liabilities
Long-term debt and lease obligation541 485356419455
Long-term debt, excluding current maturities541 485356419455
Liabilities, other than long-term debt77 782095112
Accounts payable and accrued liabilities5 4666
Deferred tax liabilities, net 7586
Deferred income tax liabilities34 42
Liability, pension and other postretirement and postemployment benefits16 179914
Other liabilities21 15566
Other undisclosed noncurrent liabilities4  46  
Total noncurrent liabilities:622 562422514567
Total liabilities:935 814661761783
Stockholders' equity
Stockholders' equity attributable to parent233 484478429405
Common stock5 5444
Additional paid in capital195 182171164155
Accumulated other comprehensive income (loss)0 (18)1(1)(10)
Retained earnings33 315301261257
Total stockholders' equity:233 484478429405
TOTAL LIABILITIES AND EQUITY:1,168 1,2981,1391,1901,188

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues(3) 893778788650
Revenue, net788650
Cost of revenue(395) (564)(473)(486)(419)
Cost of goods and services sold    (486)(419)
Gross profit:215 329306302231
Operating expenses(481) (249)(240)(247)(190)
Operating income (loss):(266) 80655542
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
5 05(1)0
Interest and debt expense(2) (7)(5)(31)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes(24) (25)(21)  
Income (loss) from continuing operations before income taxes:(287) 49442334
Income tax expense (benefit)12 (6)172(6)
Net income (loss) available to common stockholders, diluted:(275) 43612527

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):(275) 43612527
Comprehensive income (loss):(275) 43612527
Other undisclosed comprehensive income (loss), net of tax, attributable to parent19 (20)110(5)
Comprehensive income (loss), net of tax, attributable to parent:(256) 23633523

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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