CGNX FY 2014 Earnings Report — Cognex Corporation Revenue & Financial Results | Market Cap Arena

Cognex CorporationCGNX

FY 2014 Earnings

Reported February 12, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$426M	—	$308M	—	38.6%
Op. Income	$128M	—	$77M	—	66.2%
Gross Margin	77.9%	—	79.6%	—	-1.6pp
Net Margin	28.5%	—	23.9%	—	4.6pp
EPS (Diluted)	$0.68	—	$0.42	—	61.9%
Free Cash Flow	$135M	—	$82M	—	64.5%

Revenue Flow

Item	Amount
REVENUE	$426M
Cost of Revenue	$94M
GROSS PROFIT	$332M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$149M
Other Expenses	$0
Operating Expenses	$205M
Cost & Expenses	$299M
OPERATING INCOME	$128M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$132M
Income Tax Expense	$21M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$11M
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$12M
EBIT	$128M
EBITDA	$140M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$426M
Cost of Revenue	$94M
GROSS PROFIT	$332M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$149M
Other Expenses	$0
Operating Expenses	$205M
Cost & Expenses	$299M
OPERATING INCOME	$128M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$132M
Income Tax Expense	$21M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$11M
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$12M
EBIT	$128M
EBITDA	$140M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$121M
Depreciation & Amortization	$12M
Stock-Based Compensation	$15M
Deferred Income Tax	-$10M
Other Non-Cash Items	$1M
Change in Working Capital	$16M
OPERATING CASH FLOW	$156M
Capital Expenditure	-$21M
Acquisitions (Net)	-$673.0K
Purchases of Investments	-$423M
Sales/Maturities of Investments	$339M
Other Investing Activities	$673.0K
NET CASH FROM INVESTING	-$104M
Net Debt Issuance	$0
Common Stock Repurchased	-$60M
Common Dividends Paid	$0
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$35M
FREE CASH FLOW	$135M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$56M
Short-Term Investments	$90M
Net Receivables	$51M
Inventory	$36M
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$272M
PP&E (Net)	$48M
Goodwill	$82M
Intangible Assets	$11M
Long-Term Investments	$401M
Tax Assets	$14M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$550M
TOTAL ASSETS	$822M
Account Payables	$17M
Short-Term Debt	$0
Deferred Revenue	$15M
Other Current Liabilities	$20M
TOTAL CURRENT LIABILITIES	$81M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$85M
Common Stock	$173.0K
Additional Paid-In Capital	$252M
Retained Earnings	$524M
Treasury Stock	$0
Accum. Other Comp. Income	-$39M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$736M
Minority Interest	$0
TOTAL EQUITY	$736M
TOTAL LIABILITIES & EQUITY	$822M
Total Debt	$0
Net Debt	-$56M