ONTO FY 2021 Earnings Report — Onto Innovation Inc. Revenue & Financial Results | Market Cap Arena

Onto Innovation Inc.ONTO

FY 2021 Earnings

Reported February 25, 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	$789M	—	$556M	—	41.8%
Op. Income	$156M	—	$27M	—	486.3%
Gross Margin	54.4%	—	50.0%	—	4.4pp
Net Margin	18.0%	—	5.6%	—	12.5pp
EPS (Diluted)	$2.86	—	$0.63	—	354.0%
Free Cash Flow	$163M	—	$102M	—	59.8%

Revenue Flow

Item	Amount
REVENUE	$789M
Cost of Revenue	$360M
GROSS PROFIT	$429M
R&D Expenses	$96M
Selling & Marketing	$57M
General & Administrative	$68M
SG&A Expenses	$125M
Other Expenses	$51M
Operating Expenses	$273M
Cost & Expenses	$632M
OPERATING INCOME	$156M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	-$725.0K
INCOME BEFORE TAX	$156M
Income Tax Expense	$13M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$66M
EBIT	$156M
EBITDA	$222M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$789M
Cost of Revenue	$360M
GROSS PROFIT	$429M
R&D Expenses	$96M
Selling & Marketing	$57M
General & Administrative	$68M
SG&A Expenses	$125M
Other Expenses	$51M
Operating Expenses	$273M
Cost & Expenses	$632M
OPERATING INCOME	$156M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	-$725.0K
INCOME BEFORE TAX	$156M
Income Tax Expense	$13M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$66M
EBIT	$156M
EBITDA	$222M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$142M
Depreciation & Amortization	$66M
Stock-Based Compensation	$20M
Deferred Income Tax	-$13M
Other Non-Cash Items	$11M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$175M
Capital Expenditure	-$12M
Acquisitions (Net)	-$24M
Purchases of Investments	-$361M
Sales/Maturities of Investments	$255M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$142M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	$3M
FREE CASH FLOW	$163M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$170M
Short-Term Investments	$342M
Net Receivables	$177M
Inventory	$243M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$948M
PP&E (Net)	$82M
Goodwill	$316M
Intangible Assets	$277M
Long-Term Investments	$0
Tax Assets	$5M
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$702M
TOTAL ASSETS	$1.6B
Account Payables	$53M
Short-Term Debt	$0
Deferred Revenue	$39M
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$155M
Long-Term Debt	$0
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$40M
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$69M
TOTAL LIABILITIES	$224M
Common Stock	$49.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$169M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$18M
Net Debt	-$152M