National Instruments Corporation (NATI) financial statements (2022 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)

12/31/2021
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, including:211320433531412358333
Cash and cash equivalents211260195259290285251
Short-term investments 602382711227382
Other undisclosed cash, cash equivalents, and short-term investments(0)(0)01   
Receivables341267249243249229216
Inventory, net of allowances, customer advances and progress billings289194200194185194185
Inventory289194200194185194185
Other undisclosed current assets90696554495465
Total current assets:9328509471,022894835800
Noncurrent Assets
Operating lease, right-of-use asset5968 
Property, plant and equipment254254244245250260258
Long-term investments and receivables  15    
Long-term investments  15    
Intangible assets, net (including goodwill)796640346375390362366
Goodwill576468262265267253258
Intangible assets, net (excluding goodwill)22017384111123109108
Other noncurrent assets75734429334030
Other undisclosed noncurrent assets  55    
Total noncurrent assets:1,1831,035705649672662654
TOTAL ASSETS:2,1151,8841,6521,6711,5661,4971,454
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities118874846437779
Accounts payable     4951
Employee-related liabilities111874846432828
Taxes payable7      
Deferred revenue138132 
Debt 5     
Restructuring reserve12291045  
Deferred revenue and credits121116112
Contract with customer, liability131127
Other undisclosed current liabilities1781291171061006849
Total current liabilities:445382306283269260240
Noncurrent Liabilities
Long-term debt and lease obligation, including:30092   2537
Long-term debt, excluding current maturities30092   2537
Operating lease, liability3036 
Other undisclosed long-term debt and lease obligation(30)(36)     
Liabilities, other than long-term debt1161501151241369795
Deferred revenue and credits343028
Accounts payable and accrued liabilities5462697582  
Deferred revenue3336 
Contract with customer, liability3333
Deferred tax liabilities, net  4545
Deferred income tax liabilities1425 
Liability for uncertainty in income taxes 11710101212
Other liabilities141657101011
Other undisclosed noncurrent liabilities3036552534  
Total noncurrent liabilities:446278169150169122132
Total liabilities:891660476433438382372
Stockholders' equity
Stockholders' equity attributable to parent1,2241,2251,1761,2381,1281,1141,082
Common stock1111111
Additional paid in capital1,1301,033954898830771718
Accumulated other comprehensive loss(20)(21)(21)(17)(17)(35)(38)
Retained earnings113211243356313376401
Total stockholders' equity:1,2241,2251,1761,2381,1281,1141,082
TOTAL LIABILITIES AND EQUITY:2,1151,8841,6521,6711,5661,4971,454

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
Revenues1,4701,2871,3531,3591,2891,2281,225
Revenue, net1,2891,2281,225
Cost of revenue
(Cost of Goods and Services Sold)
(421)(371)(337)(334)(328)(313)(317)
Gross profit:1,0499161,0161,025961915909
Operating expenses(931)(876)(842)(853)(815)(795)(771)
Other undisclosed operating income 160     
Operating income:118200175173146120137
Nonoperating income (expense)(15)(1)642(5)(6)
Investment income, nonoperating0486211
Foreign currency transaction gain (loss), before tax(5)(0)(2)(3)1(5)(7)
Other nonoperating income (expense)(0)0(0)1(2)(2)(0)
Interest and debt expense(4)(2)    (0)
Other undisclosed income from continuing operations before equity method investments, income taxes42    0
Income from continuing operations before income taxes:104199181176147115131
Income tax expense(14)(55)(18)(21)(95)(32)(36)
Net income available to common stockholders, diluted:89144162155528395

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:89144162155528395
Other comprehensive income (loss)10(4)(0)183(26)
Comprehensive income, net of tax, attributable to parent:90144158155718669

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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