MKSI FY 2015 Earnings Report — MKS Inc. Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$814M	—	$781M	—	4.2%
Op. Income	$157M	—	$135M	—	15.9%
Gross Margin	44.6%	—	43.3%	—	1.3pp
Net Margin	15.0%	—	14.8%	—	0.2pp
EPS (Diluted)	$2.28	—	$2.16	—	5.6%
Free Cash Flow	$126M	—	$89M	—	41.9%

Revenue Flow

Item	Amount
REVENUE	$814M
Cost of Revenue	$451M
GROSS PROFIT	$363M
R&D Expenses	$68M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$129M
Other Expenses	$9M
Operating Expenses	$206M
Cost & Expenses	$657M
OPERATING INCOME	$157M
Interest Income	$3M
Interest Expense	$143.0K
Other Income/Expenses	$3M
INCOME BEFORE TAX	$159M
Income Tax Expense	$37M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$22M
EBIT	$160M
EBITDA	$182M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$814M
Cost of Revenue	$451M
GROSS PROFIT	$363M
R&D Expenses	$68M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$129M
Other Expenses	$9M
Operating Expenses	$206M
Cost & Expenses	$657M
OPERATING INCOME	$157M
Interest Income	$3M
Interest Expense	$143.0K
Other Income/Expenses	$3M
INCOME BEFORE TAX	$159M
Income Tax Expense	$37M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$22M
EBIT	$160M
EBITDA	$182M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$122M
Depreciation & Amortization	$22M
Stock-Based Compensation	$13M
Deferred Income Tax	$410.0K
Other Non-Cash Items	$13M
Change in Working Capital	-$32M
OPERATING CASH FLOW	$138M
Capital Expenditure	-$12M
Acquisitions (Net)	-$10M
Purchases of Investments	-$386M
Sales/Maturities of Investments	$241M
Other Investing Activities	$8.0K
NET CASH FROM INVESTING	-$167M
Net Debt Issuance	$0
Common Stock Repurchased	-$13M
Common Dividends Paid	-$36M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$47M
FREE CASH FLOW	$126M
Net Change in Cash	-$78M

Balance Sheet

Item	Amount
Cash & Equivalents	$228M
Short-Term Investments	$431M
Net Receivables	$102M
Inventory	$153M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$940M
PP&E (Net)	$69M
Goodwill	$200M
Intangible Assets	$44M
Long-Term Investments	-$19M
Tax Assets	$19M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$334M
TOTAL ASSETS	$1.3B
Account Payables	$23M
Short-Term Debt	$0
Deferred Revenue	$7M
Other Current Liabilities	$51M
TOTAL CURRENT LIABILITIES	$91M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$21M
TOTAL LIABILITIES	$112M
Common Stock	$113.0K
Additional Paid-In Capital	$745M
Retained Earnings	$427M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	-$228M