MKSI FY 2016 Earnings Report — MKS Inc. Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.3B	—	$814M	—	59.2%
Op. Income	$157M	—	$157M	—	0.4%
Gross Margin	43.7%	—	44.6%	—	-0.9pp
Net Margin	8.1%	—	15.0%	—	-6.9pp
EPS (Diluted)	$1.94	—	$2.28	—	-14.9%
Free Cash Flow	$161M	—	$126M	—	27.9%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$730M
GROSS PROFIT	$566M
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$229M
Other Expenses	$69M
Operating Expenses	$408M
Cost & Expenses	$1.1B
OPERATING INCOME	$157M
Interest Income	$3M
Interest Expense	$31M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$128M
Income Tax Expense	$23M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$66M
EBIT	$159M
EBITDA	$225M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$730M
GROSS PROFIT	$566M
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$229M
Other Expenses	$69M
Operating Expenses	$408M
Cost & Expenses	$1.1B
OPERATING INCOME	$157M
Interest Income	$3M
Interest Expense	$31M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$128M
Income Tax Expense	$23M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$66M
EBIT	$159M
EBITDA	$225M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$105M
Depreciation & Amortization	$66M
Stock-Based Compensation	$25M
Deferred Income Tax	-$39M
Other Non-Cash Items	$45M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$180M
Capital Expenditure	-$19M
Acquisitions (Net)	-$940M
Purchases of Investments	-$268M
Sales/Maturities of Investments	$500M
Other Investing Activities	$273.0K
NET CASH FROM INVESTING	-$727M
Net Debt Issuance	$598M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$36M
Other Financing Activities	-$454.0K
NET CASH FROM FINANCING	$560M
FREE CASH FLOW	$161M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$229M
Short-Term Investments	$189M
Net Receivables	$249M
Inventory	$276M
Other Current Assets	$56M
TOTAL CURRENT ASSETS	$999M
PP&E (Net)	$175M
Goodwill	$589M
Intangible Assets	$408M
Long-Term Investments	$10M
Tax Assets	$5M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.2B
Account Payables	$69M
Short-Term Debt	$11M
Deferred Revenue	$14M
Other Current Liabilities	$112M
TOTAL CURRENT LIABILITIES	$237M
Long-Term Debt	$601M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$66M
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$733M
TOTAL LIABILITIES	$970M
Common Stock	$113.0K
Additional Paid-In Capital	$777M
Retained Earnings	$495M
Treasury Stock	$0
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$612M
Net Debt	$384M