MKSI FY 2018 Earnings Report — MKS Inc. Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported February 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.9B	—	8.3%
Op. Income	$494M	—	$407M	—	21.5%
Gross Margin	47.2%	—	46.5%	—	0.7pp
Net Margin	18.9%	—	17.7%	—	1.2pp
EPS (Diluted)	$7.14	—	$6.16	—	15.9%
Free Cash Flow	$351M	—	$324M	—	8.3%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.1B
GROSS PROFIT	$979M
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$298M
Other Expenses	$52M
Operating Expenses	$485M
Cost & Expenses	$1.6B
OPERATING INCOME	$494M
Interest Income	$6M
Interest Expense	$17M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$481M
Income Tax Expense	$88M
Net Income from Continuing Ops	$393M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$393M
Net Income Deductions	-$4.0K
BOTTOM LINE NET INCOME	$393M
D&A	$80M
EBIT	$498M
EBITDA	$578M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.1B
GROSS PROFIT	$979M
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$298M
Other Expenses	$52M
Operating Expenses	$485M
Cost & Expenses	$1.6B
OPERATING INCOME	$494M
Interest Income	$6M
Interest Expense	$17M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$481M
Income Tax Expense	$88M
Net Income from Continuing Ops	$393M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$393M
Net Income Deductions	-$4.0K
BOTTOM LINE NET INCOME	$393M
D&A	$80M
EBIT	$498M
EBITDA	$578M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$393M
Depreciation & Amortization	$80M
Stock-Based Compensation	$27M
Deferred Income Tax	-$19M
Other Non-Cash Items	$31M
Change in Working Capital	-$98M
OPERATING CASH FLOW	$414M
Capital Expenditure	-$63M
Acquisitions (Net)	$0
Purchases of Investments	-$254M
Sales/Maturities of Investments	$389M
Other Investing Activities	$0
NET CASH FROM INVESTING	$73M
Net Debt Issuance	-$49M
Common Stock Repurchased	-$75M
Common Dividends Paid	-$42M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$178M
FREE CASH FLOW	$351M
Net Change in Cash	$310M

Balance Sheet

Item	Amount
Cash & Equivalents	$644M
Short-Term Investments	$74M
Net Receivables	$295M
Inventory	$385M
Other Current Assets	$66M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$194M
Goodwill	$587M
Intangible Assets	$320M
Long-Term Investments	$10M
Tax Assets	$0
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.6B
Account Payables	$84M
Short-Term Debt	$4M
Deferred Revenue	$14M
Other Current Liabilities	$145M
TOTAL CURRENT LIABILITIES	$263M
Long-Term Debt	$344M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$48M
Other Non-Current Liabilities	$86M
TOTAL NON-CURRENT LIABILITIES	$478M
TOTAL LIABILITIES	$741M
Common Stock	$113.0K
Additional Paid-In Capital	$794M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$348M
Net Debt	-$297M