National Instruments Corporation (NATI) financial statements (2021 and earlier)

Company profile

Business Address 11500 NORTH MOPAC EXPRESSWAY
AUSTIN, TX 78759
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (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 investments, including:320433531412358333471
Cash and cash equivalents260195259290285251274
Short-term investments602382711227382197
Other undisclosed cash, cash equivalents, and short-term investments(0)01    
Receivables267249243249229216202
Inventory, net of allowances, customer advances and progress billings194200194185194185173
Inventory194200194185194185173
Other undisclosed current assets696554495465101
Total current assets:8509471,022894835800948
Noncurrent Assets
Operating lease, right-of-use asset68 
Property, plant and equipment254244245250260258264
Long-term investments and receivables 15     
Long-term investments 15     
Intangible assets, net (including goodwill)640346375390362366223
Goodwill468262265267253258144
Intangible assets, net (excluding goodwill)1738411112310910878
Other noncurrent assets73442933403021
Other undisclosed noncurrent assets 55     
Total noncurrent assets:1,035705649672662654508
TOTAL ASSETS:1,8841,6521,6711,5661,4971,4541,455
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities87484643777992
Accounts payable    495159
Employee-related liabilities87484643282834
Deferred revenue132 
Debt5      
Restructuring reserve291045   
Deferred revenue and credits121116112106
Contract with customer, liability131127
Other undisclosed current liabilities129117106100684949
Total current liabilities:382306283269260240248
Noncurrent Liabilities
Long-term debt and lease obligation, including:92   2537 
Long-term debt, excluding current maturities92   2537 
Operating lease, liability36 
Other undisclosed long-term debt and lease obligation(36)      
Liabilities, other than long-term debt150115124136979590
Deferred revenue and credits34302826
Accounts payable and accrued liabilities62697582   
Deferred revenue36 
Contract with customer, liability3333
Deferred tax liabilities, net  454547
Deferred income tax liabilities25 
Liability for uncertainty in income taxes1171010121210
Other liabilities16571010116
Other undisclosed noncurrent liabilities36552534   
Total noncurrent liabilities:27816915016912213290
Total liabilities:660476433438382372338
Stockholders' equity
Stockholders' equity attributable to parent1,2251,1761,2381,1281,1141,0821,117
Common stock1111111
Additional paid in capital1,033954898830771718663
Accumulated other comprehensive loss(21)(21)(17)(17)(35)(38)(12)
Retained earnings211243356313376401465
Total stockholders' equity:1,2251,1761,2381,1281,1141,0821,117
TOTAL LIABILITIES AND EQUITY:1,8841,6521,6711,5661,4971,4541,455

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
Revenues1,2871,3531,3591,2891,2281,2251,244
Revenue, net1,2891,2281,2251,244
Cost of revenue(371)(337)(334)(328)(313)(317)(318)
Cost of goods and services sold(371)(337)(334)(328)(313)(317)(316)
Gross profit:9161,0161,025961915909926
Operating expenses(876)(842)(853)(815)(795)(771)(781)
Other undisclosed operating income160      
Operating income:200175173146120137145
Nonoperating income (expense)(1)642(5)(6)(1)
Investment income, nonoperating4862111
Foreign currency transaction gain (loss), before tax(0)(2)(3)1(5)(7)(2)
Other nonoperating income (expense)0(0)1(2)(2)(0)(0)
Interest and debt expense(2)    (0) 
Other undisclosed income from continuing operations before equity method investments, income taxes2    0 
Income from continuing operations before income taxes:199181176147115131144
Income tax expense(55)(18)(21)(95)(32)(36)(18)
Net income available to common stockholders, diluted:144162155528395126

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:144162155528395126
Other comprehensive income (loss)0(4)(0)183(26)(14)
Comprehensive income, net of tax, attributable to parent:144158155718669112

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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