CGNX FY 2020 Earnings Report — Cognex Corporation Revenue & Financial Results | Market Cap Arena

Cognex CorporationCGNX

FY 2020 Earnings

Reported February 11, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$811M	—	$726M	—	11.8%
Op. Income	$171M	—	$143M	—	19.6%
Gross Margin	74.5%	—	73.8%	—	0.7pp
Net Margin	21.7%	—	28.1%	—	-6.4pp
EPS (Diluted)	$1.00	—	$1.16	—	-13.8%
Free Cash Flow	$229M	—	$232M	—	-1.1%

Revenue Flow

Item	Amount
REVENUE	$811M
Cost of Revenue	$206M
GROSS PROFIT	$605M
R&D Expenses	$131M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$268M
Other Expenses	$35M
Operating Expenses	$434M
Cost & Expenses	$640M
OPERATING INCOME	$171M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$16M
INCOME BEFORE TAX	$187M
Income Tax Expense	$11M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$176M
D&A	$27M
EBIT	$206M
EBITDA	$233M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$811M
Cost of Revenue	$206M
GROSS PROFIT	$605M
R&D Expenses	$131M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$268M
Other Expenses	$35M
Operating Expenses	$434M
Cost & Expenses	$640M
OPERATING INCOME	$171M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$16M
INCOME BEFORE TAX	$187M
Income Tax Expense	$11M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$176M
D&A	$27M
EBIT	$206M
EBITDA	$233M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$176M
Depreciation & Amortization	$27M
Stock-Based Compensation	$43M
Deferred Income Tax	-$3M
Other Non-Cash Items	$32M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$242M
Capital Expenditure	-$13M
Acquisitions (Net)	$1M
Purchases of Investments	-$923M
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$0
NET CASH FROM INVESTING	$169M
Net Debt Issuance	$0
Common Stock Repurchased	-$51M
Common Dividends Paid	-$391M
Other Financing Activities	$125M
NET CASH FROM FINANCING	-$317M
FREE CASH FLOW	$229M
Net Change in Cash	$98M

Balance Sheet

Item	Amount
Cash & Equivalents	$269M
Short-Term Investments	$103M
Net Receivables	$131M
Inventory	$61M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$602M
PP&E (Net)	$102M
Goodwill	$244M
Intangible Assets	$16M
Long-Term Investments	$395M
Tax Assets	$435M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.8B
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$21M
Other Current Liabilities	$41M
TOTAL CURRENT LIABILITIES	$132M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$329M
Other Non-Current Liabilities	$59M
TOTAL NON-CURRENT LIABILITIES	$406M
TOTAL LIABILITIES	$539M
Common Stock	$352.0K
Additional Paid-In Capital	$808M
Retained Earnings	$488M
Treasury Stock	$0
Accum. Other Comp. Income	-$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$26M
Net Debt	-$243M