Onto Innovation Inc. (ONTO) Financial Statements (2023 and earlier)

Company Profile

Business Address 16 JONSPIN ROAD
WILMINGTON, MA 01887
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments547,784511,343373,722320,236151,792117,029
Cash and cash equivalents175,872169,602136,720130,673110,95134,899
Short-term investments371,912341,741237,002189,56340,84182,130
Receivables241,395177,205149,251123,65650,85462,457
Inventory, net of allowances, customer advances and progress billings324,282243,108191,217176,13461,91552,860
Inventory324,282243,108191,217176,13461,91552,860
Other undisclosed current assets21,41116,43317,47121,6386,3207,768
Total current assets:1,134,872948,089731,661641,664270,881240,114
Noncurrent Assets
Property, plant and equipment91,98082,09487,95098,42047,90044,810
Intangible assets, net (including goodwill)538,008593,092624,989679,10153,69812,438
Goodwill315,811315,811306,632307,14826,37210,232
Intangible assets, net (excluding goodwill)222,197277,281318,357371,95327,3262,206
Deferred income tax assets4,7784,8222,2351,456✕✕
Other noncurrent assets25,22521,71621,33727,939582413
Other undisclosed noncurrent assets     2,56911,924
Total noncurrent assets:659,991701,724736,511806,916104,74969,585
TOTAL ASSETS:1,794,8631,649,8131,468,1721,448,580375,630309,699
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities103,36296,38777,25853,94241,36229,438
Taxes payable✕✕   3,1642,680
Employee-related liabilities✕✕   21,65812,901
Accounts payable54,52653,34540,18327,73816,54013,857
Accrued liabilities48,83643,04237,07526,204  
Deferred revenue30,16329,97914,33412,629✕✕
Deferred revenue and credits✕✕✕✕✕✕7,408
Contract with customer, liability✕✕✕✕✕8,990✕
Other liabilities27,03328,16028,49919,1729,4217,249
Total current liabilities:160,558154,526120,09185,74359,77344,095
Noncurrent Liabilities
Liabilities, other than long-term debt37,87969,23283,33598,8112,8433,221
Deferred revenue and credits✕✕✕✕✕✕1,661
Accounts payable and accrued liabilities     871860
Contract with customer, liability✕✕✕✕✕1,753✕
Deferred tax liabilities, net✕✕✕✕✕ 179
Deferred income tax liabilities 7,36640,28155,62367,040✕✕
Other liabilities30,51328,95127,71231,771219521
Other undisclosed noncurrent liabilities     162 
Total noncurrent liabilities:37,87969,23283,33598,8113,0053,221
Total liabilities:198,437223,758203,426184,55462,77847,316
Equity
Equity, attributable to parent1,596,4261,426,0551,264,7461,264,026312,852262,383
Common stock494949502426
Additional paid in capital1,243,6311,256,1791,233,9671,269,437247,983255,368
Accumulated other comprehensive income (loss)(10,010)1,3164,568(598)(2,557)(2,124)
Retained earnings (accumulated deficit)362,756168,51126,162(4,863)67,4029,113
Total equity:1,596,4261,426,0551,264,7461,264,026312,852262,383
TOTAL LIABILITIES AND EQUITY:1,794,8631,649,8131,468,1721,448,580375,630309,699

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,005,183788,899556,496305,896324,523258,621
Revenue, net✕✕✕✕✕✕258,621
Cost of revenue(465,962)(359,813)(278,043)(170,868)(140,429)(121,920)
Cost of goods and services sold     (140,429)(121,920)
Gross profit:539,221429,086278,453135,028184,094136,701
Operating expenses(302,507)(272,679)(251,776)(140,071)(117,607)(93,895)
Operating income (loss):236,714156,40726,677(5,043)66,48742,806
Nonoperating income (expense)(141)(1,888)(2,708)7801,037492
Other nonoperating income (expense)(141)(1,888)(2,708)7801,358576
Interest and debt expense     (331)(92)
Income (loss) from continuing operations before equity method investments, income taxes:236,573154,51923,969(4,263)67,19343,206
Other undisclosed income from continuing operations before income taxes5,0111,1632,8993,66633192
Income (loss) from continuing operations before income taxes:241,584155,68226,868(597)67,52443,298
Income tax expense (benefit)(18,250)(13,333)4,1572,507(9,876)(13,096)
Income from continuing operations:223,334142,34931,0251,91057,64830,202
Income before gain (loss) on sale of properties:✕142,34931,0251,91057,64830,202
Other undisclosed net income  1    
Net income:223,334142,35031,0251,91057,64830,202
Other undisclosed net loss attributable to parent  (1)    
Net income available to common stockholders, diluted:223,334142,34931,0251,91057,64830,202

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:223,334142,35031,0251,91057,64830,202
Other comprehensive income      3,922
Comprehensive income:223,334142,35031,0251,91057,64834,124
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(11,326)(3,253)5,166665(433) 
Comprehensive income, net of tax, attributable to parent:212,008139,09736,1912,57557,21534,124

Statements Sources

The financial statements are based on the Company's filings with 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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