MKSI FY 2020 Earnings Report — MKS Inc. Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported February 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.3B	—	$1.9B	—	22.6%
Op. Income	$454M	—	$220M	—	106.6%
Gross Margin	45.0%	—	43.7%	—	1.3pp
Net Margin	15.0%	—	7.4%	—	7.6pp
EPS (Diluted)	$6.33	—	$2.55	—	148.2%
Free Cash Flow	$428M	—	$181M	—	137.0%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.0B
R&D Expenses	$173M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$353M
Other Expenses	$69M
Operating Expenses	$595M
Cost & Expenses	$1.9B
OPERATING INCOME	$454M
Interest Income	$1M
Interest Expense	$29M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$423M
Income Tax Expense	$73M
Net Income from Continuing Ops	$350M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$350M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$350M
D&A	$99M
EBIT	$452M
EBITDA	$551M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.0B
R&D Expenses	$173M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$353M
Other Expenses	$69M
Operating Expenses	$595M
Cost & Expenses	$1.9B
OPERATING INCOME	$454M
Interest Income	$1M
Interest Expense	$29M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$423M
Income Tax Expense	$73M
Net Income from Continuing Ops	$350M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$350M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$350M
D&A	$99M
EBIT	$452M
EBITDA	$551M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$350M
Depreciation & Amortization	$99M
Stock-Based Compensation	$30M
Deferred Income Tax	-$7M
Other Non-Cash Items	$31M
Change in Working Capital	$10M
OPERATING CASH FLOW	$513M
Capital Expenditure	-$85M
Acquisitions (Net)	$0
Purchases of Investments	-$522M
Sales/Maturities of Investments	$405M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$202M
Net Debt Issuance	-$57M
Common Stock Repurchased	$0
Common Dividends Paid	-$44M
Other Financing Activities	-$21M
NET CASH FROM FINANCING	-$122M
FREE CASH FLOW	$428M
Net Change in Cash	$193M

Balance Sheet

Item	Amount
Cash & Equivalents	$608M
Short-Term Investments	$228M
Net Receivables	$393M
Inventory	$501M
Other Current Assets	$74M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$469M
Goodwill	$1.1B
Intangible Assets	$512M
Long-Term Investments	$7M
Tax Assets	$0
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$3.9B
Account Payables	$111M
Short-Term Debt	$15M
Deferred Revenue	$31M
Other Current Liabilities	$184M
TOTAL CURRENT LIABILITIES	$374M
Long-Term Debt	$815M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$59M
Other Non-Current Liabilities	$107M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.5B
Common Stock	$100.0K
Additional Paid-In Capital	$873M
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	$300.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$1.0B
Net Debt	$424M