MKSI FY 2011 Earnings Report — MKS Inc. Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported February 24, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$823M	—	$853M	—	-3.6%
Op. Income	$185M	—	$196M	—	-5.4%
Gross Margin	45.6%	—	44.4%	—	1.2pp
Net Margin	15.8%	—	16.7%	—	-0.9pp
EPS (Diluted)	$2.45	—	$2.80	—	-12.5%
Free Cash Flow	$140M	—	$148M	—	-4.9%

Revenue Flow

Item	Amount
REVENUE	$823M
Cost of Revenue	$448M
GROSS PROFIT	$375M
R&D Expenses	$61M
Selling & Marketing	$0
General & Administrative	$128M
SG&A Expenses	$128M
Other Expenses	$1M
Operating Expenses	$189M
Cost & Expenses	$638M
OPERATING INCOME	$185M
Interest Income	$1M
Interest Expense	$32.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$186M
Income Tax Expense	$56M
Net Income from Continuing Ops	$130M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$130M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$130M
D&A	$13M
EBIT	$186M
EBITDA	$199M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$823M
Cost of Revenue	$448M
GROSS PROFIT	$375M
R&D Expenses	$61M
Selling & Marketing	$0
General & Administrative	$128M
SG&A Expenses	$128M
Other Expenses	$1M
Operating Expenses	$189M
Cost & Expenses	$638M
OPERATING INCOME	$185M
Interest Income	$1M
Interest Expense	$32.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$186M
Income Tax Expense	$56M
Net Income from Continuing Ops	$130M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$130M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$130M
D&A	$13M
EBIT	$186M
EBITDA	$199M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$130M
Depreciation & Amortization	$13M
Stock-Based Compensation	$11M
Deferred Income Tax	$8M
Other Non-Cash Items	$10M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$156M
Capital Expenditure	-$16M
Acquisitions (Net)	$7.0K
Purchases of Investments	-$476M
Sales/Maturities of Investments	$486M
Other Investing Activities	-$448.0K
NET CASH FROM INVESTING	-$6M
Net Debt Issuance	$2M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$31M
Other Financing Activities	$34M
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$140M
Net Change in Cash	$150M

Balance Sheet

Item	Amount
Cash & Equivalents	$313M
Short-Term Investments	$253M
Net Receivables	$133M
Inventory	$154M
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$885M
PP&E (Net)	$72M
Goodwill	$140M
Intangible Assets	$1M
Long-Term Investments	$8M
Tax Assets	$11M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$234M
TOTAL ASSETS	$1.1B
Account Payables	$25M
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$34M
TOTAL CURRENT LIABILITIES	$96M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$32M
TOTAL LIABILITIES	$129M
Common Stock	$113.0K
Additional Paid-In Capital	$707M
Retained Earnings	$269M
Treasury Stock	$0
Accum. Other Comp. Income	$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$990M
Minority Interest	$0
TOTAL EQUITY	$990M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$2M
Net Debt	-$311M