MKSI FY 2019 Earnings Report — MKS Inc. Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.9B	—	$2.1B	—	-8.4%
Op. Income	$220M	—	$494M	—	-55.5%
Gross Margin	43.7%	—	47.2%	—	-3.5pp
Net Margin	7.4%	—	18.9%	—	-11.5pp
EPS (Diluted)	$2.55	—	$7.14	—	-64.3%
Free Cash Flow	$181M	—	$351M	—	-48.5%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.1B
GROSS PROFIT	$830M
R&D Expenses	$164M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$330M
Other Expenses	$116M
Operating Expenses	$611M
Cost & Expenses	$1.7B
OPERATING INCOME	$220M
Interest Income	$5M
Interest Expense	$51M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$178M
Income Tax Expense	$37M
Net Income from Continuing Ops	$140M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$140M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$140M
D&A	$110M
EBIT	$222M
EBITDA	$332M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.1B
GROSS PROFIT	$830M
R&D Expenses	$164M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$330M
Other Expenses	$116M
Operating Expenses	$611M
Cost & Expenses	$1.7B
OPERATING INCOME	$220M
Interest Income	$5M
Interest Expense	$51M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$178M
Income Tax Expense	$37M
Net Income from Continuing Ops	$140M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$140M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$140M
D&A	$110M
EBIT	$222M
EBITDA	$332M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$140M
Depreciation & Amortization	$110M
Stock-Based Compensation	$49M
Deferred Income Tax	-$4M
Other Non-Cash Items	$37M
Change in Working Capital	-$88M
OPERATING CASH FLOW	$245M
Capital Expenditure	-$64M
Acquisitions (Net)	-$989M
Purchases of Investments	-$246M
Sales/Maturities of Investments	$309M
Other Investing Activities	$42M
NET CASH FROM INVESTING	-$947M
Net Debt Issuance	$531M
Common Stock Repurchased	$0
Common Dividends Paid	-$44M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	$476M
FREE CASH FLOW	$181M
Net Change in Cash	-$230M

Balance Sheet

Item	Amount
Cash & Equivalents	$415M
Short-Term Investments	$109M
Net Receivables	$341M
Inventory	$462M
Other Current Assets	$106M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$306M
Goodwill	$1.1B
Intangible Assets	$565M
Long-Term Investments	$6M
Tax Assets	$0
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.4B
Account Payables	$88M
Short-Term Debt	$12M
Deferred Revenue	$22M
Other Current Liabilities	$160M
TOTAL CURRENT LIABILITIES	$318M
Long-Term Debt	$872M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$86M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.4B
Common Stock	$100.0K
Additional Paid-In Capital	$864M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$949M
Net Debt	$535M