MKSI FY 2021 Earnings Report — MKS Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported February 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.3B	—	26.6%
Op. Income	$699M	—	$454M	—	54.0%
Gross Margin	46.8%	—	45.0%	—	1.8pp
Net Margin	18.7%	—	15.0%	—	3.7pp
EPS (Diluted)	$9.90	—	$6.33	—	56.4%
Free Cash Flow	$553M	—	$428M	—	29.2%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.4B
R&D Expenses	$200M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$385M
Other Expenses	$96M
Operating Expenses	$681M
Cost & Expenses	$2.3B
OPERATING INCOME	$699M
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$665M
Income Tax Expense	$114M
Net Income from Continuing Ops	$551M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$551M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$551M
D&A	$104M
EBIT	$690M
EBITDA	$794M
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.4B
R&D Expenses	$200M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$385M
Other Expenses	$96M
Operating Expenses	$681M
Cost & Expenses	$2.3B
OPERATING INCOME	$699M
Interest Income	$0
Interest Expense	$25M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$665M
Income Tax Expense	$114M
Net Income from Continuing Ops	$551M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$551M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$551M
D&A	$104M
EBIT	$690M
EBITDA	$794M
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$551M
Depreciation & Amortization	$104M
Stock-Based Compensation	$37M
Deferred Income Tax	$1M
Other Non-Cash Items	$18M
Change in Working Capital	-$72M
OPERATING CASH FLOW	$640M
Capital Expenditure	-$87M
Acquisitions (Net)	-$268M
Purchases of Investments	-$497M
Sales/Maturities of Investments	$648M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$205M
Net Debt Issuance	-$14M
Common Stock Repurchased	$0
Common Dividends Paid	-$48M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$65M
FREE CASH FLOW	$553M
Net Change in Cash	$358M

Balance Sheet

Item	Amount
Cash & Equivalents	$966M
Short-Term Investments	$76M
Net Receivables	$443M
Inventory	$577M
Other Current Assets	$85M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$510M
Goodwill	$1.2B
Intangible Assets	$576M
Long-Term Investments	$6M
Tax Assets	$0
Other Non-Current Assets	$73M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$4.5B
Account Payables	$168M
Short-Term Debt	$9M
Deferred Revenue	$37M
Other Current Liabilities	$203M
TOTAL CURRENT LIABILITIES	$460M
Long-Term Debt	$808M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$99M
Other Non-Current Liabilities	$93M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.7B
Common Stock	$0
Additional Paid-In Capital	$907M
Retained Earnings	$2.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$1.0B
Net Debt	$62M