CGNX FY 2021 Earnings Report — Cognex Corporation Revenue & Financial Results | Market Cap Arena

Cognex CorporationCGNX

FY 2021 Earnings

Reported February 17, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.0B	—	$811M	—	27.9%
Op. Income	$315M	—	$171M	—	84.8%
Gross Margin	73.3%	—	74.5%	—	-1.3pp
Net Margin	27.0%	—	21.7%	—	5.3pp
EPS (Diluted)	$1.56	—	$1.00	—	56.0%
Free Cash Flow	$299M	—	$229M	—	30.3%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$277M
GROSS PROFIT	$760M
R&D Expenses	$135M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$309M
Other Expenses	$0
Operating Expenses	$445M
Cost & Expenses	$722M
OPERATING INCOME	$315M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$319M
Income Tax Expense	$39M
Net Income from Continuing Ops	$280M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$280M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$280M
D&A	$20M
EBIT	$315M
EBITDA	$335M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$277M
GROSS PROFIT	$760M
R&D Expenses	$135M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$309M
Other Expenses	$0
Operating Expenses	$445M
Cost & Expenses	$722M
OPERATING INCOME	$315M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$319M
Income Tax Expense	$39M
Net Income from Continuing Ops	$280M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$280M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$280M
D&A	$20M
EBIT	$315M
EBITDA	$335M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$280M
Depreciation & Amortization	$20M
Stock-Based Compensation	$44M
Deferred Income Tax	-$3M
Other Non-Cash Items	$7M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$314M
Capital Expenditure	-$15M
Acquisitions (Net)	$0
Purchases of Investments	-$668M
Sales/Maturities of Investments	$431M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$253M
Net Debt Issuance	$0
Common Stock Repurchased	-$162M
Common Dividends Paid	-$43M
Other Financing Activities	$63M
NET CASH FROM FINANCING	-$142M
FREE CASH FLOW	$299M
Net Change in Cash	-$83M

Balance Sheet

Item	Amount
Cash & Equivalents	$186M
Short-Term Investments	$137M
Net Receivables	$134M
Inventory	$113M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$640M
PP&E (Net)	$101M
Goodwill	$242M
Intangible Assets	$12M
Long-Term Investments	$584M
Tax Assets	$419M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.0B
Account Payables	$44M
Short-Term Debt	$0
Deferred Revenue	$36M
Other Current Liabilities	$51M
TOTAL CURRENT LIABILITIES	$189M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$309M
Other Non-Current Liabilities	$59M
TOTAL NON-CURRENT LIABILITIES	$385M
TOTAL LIABILITIES	$574M
Common Stock	$351.0K
Additional Paid-In Capital	$915M
Retained Earnings	$563M
Treasury Stock	$0
Accum. Other Comp. Income	-$48M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$26M
Net Debt	-$161M