Novanta Inc. (NOVT) financial statements (2022 and earlier)

Company profile

Business Address 125 MIDDLESEX TURNPIKE
BEDFORD, MA 01730
State of Incorp. NB
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (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 investments11712579821006860
Cash and cash equivalents11712579821006860
Receivables116759184816460
Inventory, net of allowances, customer advances and progress billings12693117105916060
Inventory12693117105916060
Other undisclosed current assets151118111586
Total current assets:374304305282288199185
Noncurrent Assets
Operating lease, right-of-use asset483435
Property, plant and equipment87797865623541
Intangible assets, net (including goodwill)700435441361366170170
Goodwill480286275218211108103
Intangible assets, net (excluding goodwill)2211491661431556266
Deferred income tax assets1210 
Other noncurrent assets633241313
Other undisclosed noncurrent assets  99798
Total noncurrent assets:854561565438439226231
TOTAL ASSETS:1,228865870720727426416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities172103125100896339
Accounts payable69435351403224
Accrued liabilities9854704643273
Employee-related liabilities      7
Taxes payable5623644
Debt56105977
Other undisclosed current liabilities76    10
Total current liabilities:184114135104987057
Noncurrent Liabilities
Long-term debt and lease obligation4752282492032267188
Long-term debt, excluding current maturities4291952152032267188
Operating lease, liability463334
Liabilities, other than long-term debt48464222192426
Accounts payable and accrued liabilities4554466
Deferred income tax liabilities3424 
Other liabilities10173717151919
Other undisclosed noncurrent liabilities  27232610
Total noncurrent liabilities:52327431824727096114
Total liabilities:707388453351368167171
Temporary equity, carrying amount    47  
Stockholders' equity
Stockholders' equity attributable to parent521477417368312259245
Common stock424424424424424424424
Additional paid in capital54595046333029
Accumulated other comprehensive loss(13)(12)(18)(23)(18)(28)(19)
Retained earnings (accumulated deficit)576(38)(79)(128)(168)(190)
Total stockholders' equity:521477417368312259245
TOTAL LIABILITIES AND EQUITY:1,228865870720727426416

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
Revenues707591626614521385374
Revenue, net  374
Cost of revenue(406)(346)(364)(353)(301)(222)(216)
Cost of goods and services sold(406)(346)(364)(353)(10)(7)(7)
Gross profit:300245262262221162158
Operating expenses(236)(189)(207)(191)(163)(130)(129)
Operating income:64565571573329
Nonoperating income (expense)(0)(1)(1)0(0)53
Foreign currency transaction gain (loss), before tax(0)(1)(1)0(0)2(0)
Other nonoperating income (expense)(0)0(0)(0)023
Interest and debt expense(0)(1)(1)(1)(1)  
Income from continuing operations before equity method investments, income taxes:63545370563732
Other undisclosed income (loss) from continuing operations before income taxes(7)(6)(7)(9)20(5)14
Income from continuing operations before income taxes:56484661763346
Income tax expense(6)(4)(5)(10)(14)(11)(10)
Income from continuing operations:50454151622236
Loss from discontinued operations      (0)
Net income:50454151622236
Other undisclosed net loss attributable to parent   (2)(2)  
Net income attributable to parent:50454149602236
Preferred stock dividends and other adjustments    (20)  
Net income available to common stockholders, diluted:50454149402236

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:50454151622236
Other comprehensive income (loss)(1)64(5)10(9)(2)
Comprehensive income:50504546721333
Comprehensive loss, net of tax, attributable to noncontrolling interest   (2)(2)  
Comprehensive income, net of tax, attributable to parent:50504544701333

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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