MKSI FY 2017 Earnings Report — MKS Inc. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.3B	—	47.9%
Op. Income	$407M	—	$157M	—	158.6%
Gross Margin	46.5%	—	43.7%	—	2.9pp
Net Margin	17.7%	—	8.1%	—	9.6pp
EPS (Diluted)	$6.16	—	$1.94	—	217.5%
Free Cash Flow	$324M	—	$161M	—	101.2%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.0B
GROSS PROFIT	$891M
R&D Expenses	$133M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$290M
Other Expenses	$62M
Operating Expenses	$485M
Cost & Expenses	$1.5B
OPERATING INCOME	$407M
Interest Income	$3M
Interest Expense	$31M
Other Income/Expenses	$41M
INCOME BEFORE TAX	$448M
Income Tax Expense	$108M
Net Income from Continuing Ops	$339M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$339M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$339M
D&A	$83M
EBIT	$479M
EBITDA	$562M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.0B
GROSS PROFIT	$891M
R&D Expenses	$133M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$290M
Other Expenses	$62M
Operating Expenses	$485M
Cost & Expenses	$1.5B
OPERATING INCOME	$407M
Interest Income	$3M
Interest Expense	$31M
Other Income/Expenses	$41M
INCOME BEFORE TAX	$448M
Income Tax Expense	$108M
Net Income from Continuing Ops	$339M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$339M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$339M
D&A	$83M
EBIT	$479M
EBITDA	$562M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$339M
Depreciation & Amortization	$83M
Stock-Based Compensation	$24M
Deferred Income Tax	-$5M
Other Non-Cash Items	-$36M
Change in Working Capital	-$50M
OPERATING CASH FLOW	$355M
Capital Expenditure	-$31M
Acquisitions (Net)	$73M
Purchases of Investments	-$230M
Sales/Maturities of Investments	$211M
Other Investing Activities	$66.0K
NET CASH FROM INVESTING	$23M
Net Debt Issuance	-$229M
Common Stock Repurchased	$0
Common Dividends Paid	-$38M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$280M
FREE CASH FLOW	$324M
Net Change in Cash	$100M

Balance Sheet

Item	Amount
Cash & Equivalents	$334M
Short-Term Investments	$209M
Net Receivables	$300M
Inventory	$339M
Other Current Assets	$54M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$172M
Goodwill	$591M
Intangible Assets	$366M
Long-Term Investments	$11M
Tax Assets	$0
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.4B
Account Payables	$83M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$157M
TOTAL CURRENT LIABILITIES	$290M
Long-Term Debt	$390M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$62M
Other Non-Current Liabilities	$84M
TOTAL NON-CURRENT LIABILITIES	$535M
TOTAL LIABILITIES	$825M
Common Stock	$113.0K
Additional Paid-In Capital	$790M
Retained Earnings	$796M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$393M
Net Debt	$59M