Veeco Instruments Inc. (VECO) financial statements (2020 and earlier)

Company profile

Business Address TERMINAL DRIVE
PLAINVIEW, NY 11803
State of Incorp. DE
Fiscal Year End December 31
SIC 3559 - Special Industry Machinery, Not Elsewhere Classified (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments245260328344385391
Cash and cash equivalents129212280277269271
Short-term investments115484867116121
Restricted cash and investments111  1
Receivables466799585060
Inventory, net of allowances, customer advances and progress billings133156120777761
Inventory133156120777761
Deferred costs0316625
Disposal group, including discontinued operation11   56
Other undisclosed current assets403333162331
Total current assets:476520597502542556
Noncurrent Assets
Operating lease, right-of-use asset14
Property, plant and equipment768085618079
Long-term investments and receivables     19
Long-term investments     19
Intangible assets, net (including goodwill)243269677173247274
Goodwill182184307115115115
Intangible assets, net (excluding goodwill)628537058132159
Deferred income tax assets2
Other noncurrent assets72925212120
Deferred tax assets, net232  
Other undisclosed noncurrent assets    1(313)
Total noncurrent assets:34238179025734979
Other undisclosed assets     295
TOTAL ASSETS:8189011,387759891929
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5584111567995
Accounts payable214050233018
Accrued liabilities141760334948
Employee-related liabilities1520   27
Taxes payable13   2
Interest and dividends payable44    
Debt4  000
Restructuring reserve32   1
Customer advances and deposits109857696
Other undisclosed current liabilities5674426(24)
Total current liabilities:118160223144162168
Noncurrent Liabilities
Long-term debt and lease obligation310287276112
Long-term debt, excluding current maturities300287276112
Operating lease, liability10
Liabilities, other than long-term debt1516472024
Deferred tax liabilities, net63713  
Deferred income tax liabilities6
Other liabilities91011624
Other undisclosed noncurrent liabilities    1116
Total noncurrent liabilities:325303323201422
Total liabilities:444463547164176191
Stockholders' equity
Stockholders' equity attributable to parent375438841595715739
Common stock000000
Treasury stock, value (6)(1)(2)(9) 
Additional paid in capital1,0711,0611,053763767750
Accumulated other comprehensive income222211
Accumulated deficit(699)(620)(213)(169)(45)(13)
Total stockholders' equity:375438841595715739
TOTAL LIABILITIES AND EQUITY:8189011,387759891929

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues419542485332477393
Revenue, net485332477393
Cost of revenue
(Cost of Goods and Services Sold)
(261)(348)(300)(200)(300)(258)
Gross profit:158194184133177135
Operating expenses(198)(609)(248)(253)(200)(214)
Other operating income, net     3
Other undisclosed operating loss     (3)
Operating loss:(40)(416)(64)(120)(23)(79)
Nonoperating income (expense)(16)32115
Investment income, nonoperating532112
Foreign currency transaction gain, before tax     3
Other nonoperating expense(21)     
Interest and debt expense(22)(22)(19)(0)(0)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (3)
Loss from continuing operations before income taxes:(78)(434)(81)(119)(23)(78)
Income tax expense (benefit)(1)2736(3)(9)11
Net loss available to common stockholders, diluted:(79)(407)(45)(122)(32)(67)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(79)(407)(45)(122)(32)(67)
Other comprehensive loss    (0)(3)
Comprehensive loss:(79)(407)(45)(122)(32)(70)
Other undisclosed comprehensive income, net of tax, attributable to parent0000  
Comprehensive loss, net of tax, attributable to parent:(79)(407)(45)(122)(32)(70)

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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