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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:433531412358333471393
Cash and cash equivalents195259290285251274230
Short-term investments2382711227382197163
Other undisclosed cash, cash equivalents, and short-term investments01     
Receivables249243249229216202181
Inventory, net of allowances, customer advances and progress billings200194185194185173172
Inventory200194185194185173172
Prepaid expense and other current assets49
Other undisclosed current assets655449546510133
Total current assets:9471,022894835800948829
Noncurrent Assets
Property, plant and equipment244245250260258264261
Long-term investments and receivables15      
Long-term investments15      
Intangible assets, net (including goodwill)346375390362366223229
Goodwill262265267253258144147
Intangible assets, net (excluding goodwill)841111231091087882
Other noncurrent assets442933403021 
Prepaid expense and other noncurrent assets26
Other undisclosed noncurrent assets55      
Total noncurrent assets:705649672662654508515
TOTAL ASSETS:1,6521,6711,5661,4971,4541,4551,344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48464377799282
Accounts payable   49515957
Employee-related liabilities48464328283425
Restructuring reserve1045   
Deferred revenue and credits12111611210696
Contract with customer, liability131127
Other undisclosed current liabilities11710610068494947
Total current liabilities:306283269260240248225
Noncurrent Liabilities
Long-term debt and lease obligation   2537  
Long-term debt, excluding current maturities   2537  
Liabilities, other than long-term debt11512413697959095
Deferred revenue and credits3430282621
Accounts payable and accrued liabilities697582    
Contract with customer, liability3333
Deferred tax liabilities, net  45454745
Liability for uncertainty in income taxes7101012121024
Other liabilities5710101166
Other undisclosed noncurrent liabilities552534    
Total noncurrent liabilities:1691501691221329095
Total liabilities:476433438382372338320
Stockholders' equity
Stockholders' equity attributable to parent1,1761,2381,1281,1141,0821,1171,023
Common stock1111111
Additional paid in capital954898830771718663604
Accumulated other comprehensive income (loss)(21)(17)(17)(35)(38)(12)3
Retained earnings243356313376401465415
Total stockholders' equity:1,1761,2381,1281,1141,0821,1171,023
TOTAL LIABILITIES AND EQUITY:1,6521,6711,5661,4971,4541,4551,344

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,3531,3591,2891,2281,2251,2441,173
Revenue, net1,2891,2281,2251,2441,173
Cost of revenue(337)(334)(328)(313)(317)(318)(305)
Cost of goods and services sold(337)(334)(328)(313)(317)(316)(307)
Gross profit:1,0161,025961915909926867
Operating expenses(842)(853)(815)(795)(771)(781)(769)
Operating income:17517314612013714599
Nonoperating income (expense)642(5)(6)(1)(1)
Investment income, nonoperating8621111
Foreign currency transaction gain (loss), before tax(2)(3)1(5)(7)(2)(3)
Other nonoperating income (expense)(0)1(2)(2)(0)(0)0
Interest and debt expense    (0)  
Other undisclosed income from continuing operations before equity method investments, income taxes    0  
Income from continuing operations before income taxes:18117614711513114497
Income tax expense(18)(21)(95)(32)(36)(18)(17)
Net income available to common stockholders, diluted:16215552839512681

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:16215552839512681
Other comprehensive income (loss)(4)(0)183(26)(14)2
Comprehensive income, net of tax, attributable to parent:15815571866911282

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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