ONTO FY 2022 Earnings Report — Onto Innovation Inc. Revenue & Financial Results | Market Cap Arena

Onto Innovation Inc.ONTO

FY 2022 Earnings

Reported February 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.0B	—	$789M	—	27.4%
Op. Income	$237M	—	$156M	—	51.3%
Gross Margin	53.6%	—	54.4%	—	-0.7pp
Net Margin	22.2%	—	18.0%	—	4.2pp
EPS (Diluted)	$4.49	—	$2.86	—	57.0%
Free Cash Flow	$118M	—	$163M	—	-27.5%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$466M
GROSS PROFIT	$539M
R&D Expenses	$112M
Selling & Marketing	$66M
General & Administrative	$70M
SG&A Expenses	$135M
Other Expenses	$55M
Operating Expenses	$303M
Cost & Expenses	$768M
OPERATING INCOME	$237M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$242M
Income Tax Expense	$18M
Net Income from Continuing Ops	$223M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$65M
EBIT	$237M
EBITDA	$301M
EPS	$5
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$466M
GROSS PROFIT	$539M
R&D Expenses	$112M
Selling & Marketing	$66M
General & Administrative	$70M
SG&A Expenses	$135M
Other Expenses	$55M
Operating Expenses	$303M
Cost & Expenses	$768M
OPERATING INCOME	$237M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$242M
Income Tax Expense	$18M
Net Income from Continuing Ops	$223M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$65M
EBIT	$237M
EBITDA	$301M
EPS	$5
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$223M
Depreciation & Amortization	$65M
Stock-Based Compensation	$24M
Deferred Income Tax	-$34M
Other Non-Cash Items	$14M
Change in Working Capital	-$157M
OPERATING CASH FLOW	$137M
Capital Expenditure	-$18M
Acquisitions (Net)	-$5M
Purchases of Investments	-$371M
Sales/Maturities of Investments	$339M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$56M
Net Debt Issuance	$0
Common Stock Repurchased	-$65M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$68M
FREE CASH FLOW	$118M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$176M
Short-Term Investments	$372M
Net Receivables	$241M
Inventory	$324M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$92M
Goodwill	$316M
Intangible Assets	$222M
Long-Term Investments	$0
Tax Assets	$5M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$660M
TOTAL ASSETS	$1.8B
Account Payables	$55M
Short-Term Debt	$0
Deferred Revenue	$43M
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$161M
Long-Term Debt	$0
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$198M
Common Stock	$49.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$363M
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$22M
Net Debt	-$154M