Mks instruments, inc. (MKSI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Net revenues:
Net revenues

535,700

499,612

462,451

474,110

463,600

460,541

487,152

573,140

554,275

511,800

486,267

480,757

437,153

405,140

380,660

325,861

183,681

172,387

209,332

217,966

213,839

203,021

186,798

184,697

206,353

204,394

166,453

156,928

141,645

133,796

141,447

177,397

190,868

171,671

194,508

224,487

231,851

218,978

221,323

220,647

192,166

102,028

75,623

Cost of revenues:
Cost of revenues

296,100

283,312

257,447

263,083

265,500

250,657

255,292

298,263

291,420

273,474

258,272

261,174

231,606

221,732

212,275

189,948

105,768

99,588

115,103

119,168

116,793

113,587

107,473

105,062

116,981

116,714

104,219

94,970

86,943

81,195

84,876

100,881

107,077

95,710

106,830

119,499

125,490

121,657

122,820

123,328

106,671

64,154

51,373

Gross profit

239,600

216,300

205,004

211,027

198,100

209,884

231,860

274,877

262,855

238,326

227,995

219,583

205,547

183,408

168,385

135,913

77,913

72,799

94,229

98,798

97,046

89,434

79,325

79,635

89,372

87,680

62,234

61,958

54,702

52,601

56,571

76,516

83,791

75,961

87,678

104,988

106,361

97,321

98,503

97,319

85,495

37,874

24,250

Research and development

42,400

41,740

41,566

41,855

38,900

32,461

31,898

36,504

34,857

33,045

32,548

33,680

33,282

32,870

32,268

28,214

17,227

16,841

17,217

17,567

16,680

16,022

15,827

15,421

15,618

16,252

15,257

16,813

15,248

14,207

14,136

15,591

16,184

14,224

14,331

15,582

16,896

15,790

15,070

16,154

15,675

11,448

11,514

Selling, general and administrative

87,200

82,509

82,101

83,236

82,500

68,166

70,822

76,181

82,949

72,510

71,347

71,979

74,220

66,387

68,016

59,579

33,950

31,555

33,396

33,269

30,867

32,633

32,365

32,239

34,591

39,874

33,158

34,849

34,133

30,823

29,661

32,582

34,119

31,473

31,984

31,851

32,707

32,880

28,247

30,902

27,812

22,984

24,620

Litigation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,316

-

-

-

-

-

-

-

-

-

-

-

-

Insurance reimbursement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,071

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition and integration costs

2,200

1,719

2,103

3,240

30,200

-

36

-1,168

-

634

2,466

790

1,442

2,089

2,641

20,055

2,494

0

0

0

30

0

0

271

228

0

0

0

171

-

851

377

-

-

-

-

-

-

-

-

-

-

-

Restructuring and other

400

2,316

1,525

1,242

1,900

1,193

1,364

790

1,220

1,324

10

2,064

522

618

0

24

0

505

562

219

788

494

1,223

0

747

0

1,126

198

40

-

-

-

-

-

-

-

-

-

-

-

-

143

15

Fees and expenses related to repricing of Term Loan Facility

-

148

642

47

5,800

-

-

378

-

-

492

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Environmental costs

-

-

-

-

-

-

-

-

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

16,300

17,130

17,020

17,552

15,700

10,735

10,695

10,901

11,190

10,797

10,977

11,468

12,501

12,691

12,452

8,855

1,683

1,693

1,691

1,709

1,671

1,731

1,760

1,044

410

602

361

742

434

583

215

119

119

264

251

250

250

250

250

314

469

690

690

Gain on sale of long-lived assets

-

-

6,773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairments

1,200

-

-

-

-

-

-

-

-

-

-

6,719

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and asset impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142,958

Gain on sale of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

682

-

-

Income from operations

89,900

66,029

66,820

63,902

23,100

94,084

117,045

151,291

131,639

120,016

110,155

92,883

83,580

62,514

53,008

19,186

22,559

22,205

41,363

46,034

47,010

38,554

28,150

30,660

37,778

30,952

12,332

10,427

4,676

6,615

6,392

27,847

33,369

30,000

41,112

57,305

56,508

48,401

54,936

49,949

42,221

2,609

-155,547

Interest income

700

1,100

1,230

1,423

1,700

1,698

1,516

1,456

1,105

1,125

873

507

516

702

404

530

924

-

-

-

504

429

399

243

252

239

221

234

305

299

299

200

261

290

284

309

276

354

67

284

347

316

266

Interest expense

8,900

8,819

13,542

12,674

9,100

3,871

3,719

3,922

5,430

7,989

7,172

6,997

8,832

10,086

12,007

8,474

44

-

-

-

-

38

5

12

17

35

13

23

14

54

32

51

9

15

12

0

5

51

32

30

22

53

53

Gain on sale of business

-

-

-

-

-

-

-

-

-

-

-

74,856

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

366

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense, net

-400

-3,159

914

-788

-300

-763

-326

-281

-572

-2,155

-2,485

-3,277

2,021

-

843

1,126

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other (expense) income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

721

790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

81,300

55,151

55,422

51,863

15,400

91,148

114,516

148,544

126,742

110,997

101,371

157,972

77,285

49,556

42,248

12,368

23,805

23,046

42,084

46,824

47,514

38,945

28,544

30,891

38,013

31,156

12,540

10,638

4,967

6,860

6,659

27,996

33,621

30,275

41,384

57,614

56,779

48,704

54,971

50,203

42,546

2,872

-155,334

Provision for income taxes

12,200

12,432

7,994

14,124

2,900

19,512

21,239

25,682

21,621

33,359

25,377

37,532

12,225

4,069

9,699

3,158

6,242

-2,476

12,315

13,604

13,728

4,753

-573

9,667

6,768

10,919

10,082

3,318

-794

2,751

4,079

9,424

10,853

7,561

11,011

19,013

18,736

14,528

18,370

17,059

13,548

5,318

-8,986

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,176

36,601

33,144

28,998

-2,446

-146,348

Income from discontinued operations, net of taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,773

2,035

5,633

227

-1,527

-60,786

Net income

69,100

42,719

47,428

37,739

12,500

71,636

93,277

122,862

105,121

77,638

75,994

120,440

65,060

45,487

32,549

9,210

17,563

25,522

29,769

33,220

33,786

34,192

29,117

21,224

31,245

20,237

2,458

7,320

5,761

4,109

2,580

18,572

22,768

22,714

30,373

38,601

38,043

35,949

38,636

38,777

29,225

-3,973

-207,134

Other comprehensive (loss) income, net of tax:
Changes in value of financial instruments designated as cash flow hedges

-6,000

-8,592

-782

-739

100

-3,111

163

7,712

178

-1,243

-908

23

-2,440

5,474

-229

-319

-1,546

-254

939

-332

-822

753

1,302

-682

-163

-114

-891

56

1,011

448

-417

-522

641

404

1,289

-517

394

-

-

-

-

-

-

Foreign currency translation adjustments

-11,200

12,149

-14,553

593

-4,300

-2,848

-3,576

-18,508

10,771

6,821

8,088

17,729

4,534

-22,177

5,698

-8,886

2,652

-2,084

-3,623

612

-3,206

-7,103

-9,598

1,973

21

-21

5,593

-836

-8,340

-291

6,007

-4,353

301

-1,205

-3,997

2,207

3,124

-

-

-

-

-

-

Unrecognized pension gain

-100

-

-91

-2

-

-162

-24

-48

85

-650

565

-123

-115

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on investments

100

205

16

-96

-100

58

230

-266

-59

65

1,301

-168

-126

-192

-31

68

378

-549

100

-202

334

-432

-71

7

36

-36

48

-36

-16

27

70

-25

-41

14

79

-8

48

-

-

-

-

-

-

Total comprehensive income

52,100

45,852

32,200

37,499

8,200

65,897

90,118

111,848

115,926

83,931

83,910

138,147

67,143

28,326

37,987

73

19,047

22,635

27,185

33,298

30,092

27,410

20,750

22,522

31,139

20,066

7,208

6,504

-1,584

4,293

8,240

13,672

23,669

21,927

27,744

40,283

41,609

-

-

-

-

-

-

Net income per share:
Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.69

0.73

0.66

0.58

-0.05

-2.97

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

0.04

0.11

0.01

-0.03

-1.23

Basic

1.26

0.79

0.86

0.69

0.23

1.33

1.71

2.25

1.93

1.43

1.40

2.22

1.21

0.85

0.61

0.17

0.33

0.49

0.56

0.62

0.63

0.64

0.55

0.40

0.58

0.37

0.05

0.14

0.11

0.08

0.05

0.35

0.43

0.43

0.58

0.74

0.74

0.72

0.77

0.77

0.59

-0.08

-4.20

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.67

0.72

0.65

0.57

-0.05

-2.97

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

0.04

0.11

0.01

-0.03

-1.23

Diluted

1.25

0.77

0.86

0.69

0.23

1.32

1.70

2.22

1.90

1.41

1.38

2.19

1.18

0.84

0.60

0.17

0.33

0.47

0.56

0.62

0.63

0.63

0.55

0.40

0.58

0.37

0.05

0.14

0.11

0.07

0.05

0.35

0.43

0.42

0.57

0.73

0.73

0.70

0.76

0.76

0.58

-0.08

-4.20

Cash dividends paid per common share

-

-

-

-

-

-

-

-

-

-

0.17

0.18

0.17

0.17

0.17

0.17

0.17

0.17

0.17

0.17

0.16

0.16

0.16

0.16

0.16

0.16

0.16

0.16

0.16

0.16

0.16

0.15

0.15

0.15

0.15

0.15

0.15

-

0.00

-

-

-

-

Weighted average common shares outstanding:
Basic

54,918

54,937

54,945

54,815

54,147

54,006

54,476

54,719

54,423

54,319

54,282

54,178

53,769

53,618

53,574

53,461

53,235

53,216

53,314

53,384

53,214

53,102

53,054

53,361

53,411

53,252

53,165

53,054

52,773

52,707

52,854

52,679

52,504

52,467

52,456

52,346

51,407

50,414

50,226

50,067

49,601

49,461

49,307

Diluted

55,236

55,303

55,204

55,089

54,848

54,454

54,954

55,274

55,286

55,236

55,101

55,001

54,958

54,520

54,315

53,806

53,563

53,554

53,568

53,589

53,529

53,437

53,310

53,537

53,776

53,694

53,513

53,358

53,359

53,218

53,290

53,206

53,222

53,104

52,992

52,906

52,386

51,244

50,994

50,870

50,600

49,461

49,307

Products [Member]
Net revenues

461,200

426,398

386,173

401,326

397,400

402,271

426,255

509,999

496,677

458,155

428,891

426,317

387,938

344,331

335,156

285,471

153,621

143,286

179,441

188,281

186,096

176,647

158,520

157,466

181,186

179,319

139,846

132,541

116,611

108,788

114,647

148,851

164,488

145,673

167,145

198,737

207,447

194,075

199,376

198,930

171,071

83,332

59,739

Cost of revenues

256,100

241,331

216,238

226,213

229,700

221,766

219,311

266,890

261,321

243,384

226,445

230,706

205,834

197,074

183,789

163,993

85,352

79,553

95,710

99,849

98,652

97,295

89,181

87,513

100,211

99,874

87,809

79,206

70,575

66,535

68,304

84,622

91,024

80,359

90,785

105,086

111,215

106,103

110,418

111,117

94,139

53,263

41,825

Services [Member]
Net revenues

74,500

73,214

76,278

72,784

66,200

58,270

60,897

63,141

57,598

53,645

57,376

54,440

49,215

60,809

45,504

40,390

30,060

29,101

29,891

29,685

27,743

26,374

28,278

27,231

25,167

25,075

26,607

24,387

25,034

25,008

26,800

28,546

26,380

25,998

27,363

25,750

24,404

24,903

21,947

21,717

21,095

18,696

15,884

Cost of revenues

40,000

41,981

41,209

36,870

35,800

28,891

35,981

31,373

30,099

30,090

31,827

30,468

25,772

24,658

28,486

25,955

20,416

20,035

19,393

19,319

18,141

16,292

18,292

17,549

16,770

16,840

16,410

15,764

16,368

14,660

16,572

16,259

16,053

15,351

16,045

14,413

14,275

15,554

12,402

12,211

12,532

10,891

9,548