MTS SYSTEMS CORPORATION MTSC Balance Sheet

Mts systems corporation (MTSC)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Sep'10
Assets [Abstract]
Current assets
Cash and cash equivalents
66,582	64,071	57,937	75,735	74,122	70,438	71,804	66,403	84,378	94,071	108,733	101,620	97,433	95,949	84,780	172,713	63,347	59,287	51,768	53,297	61,259	55,345	60,397	56,605	43,720	53,488	48,333	53,568	46,612	47,923	79,852	145,512	123,248	103,742	104,095	101,301	76,611
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, net of allowance for doubtful accounts of $4,648 and $5,963, respectively
122,207	131,285	121,260	131,365	117,349	115,384	122,243	111,894	118,593	124,511	123,994	106,473	115,830	114,804	133,500	83,736	96,193	106,163	89,829	93,547	111,474	109,051	104,399	111,138	120,030	95,976	102,860	90,618	104,732	94,788	84,119	85,151	89,011	104,096	82,510	81,576	66,369
Contract with Customer, Asset, after Allowance for Credit Loss
82,274	67,368	80,331	68,804	71,175	60,656	70,474	64,108	60,729	69,558	76,914	83,865	73,951	74,900	76,626	90,785	73,924	66,580	77,519	68,778	68,423	77,439	75,762	68,231	63,933	73,906	75,988	61,876	57,634	56,855	51,306	46,300	54,976	51,137	54,554	42,368	26,389
Inventory, Net
180,191	177,017	167,199	164,853	179,071	183,465	139,109	142,431	143,487	133,498	127,728	129,447	125,146	122,670	132,566	93,034	95,988	90,604	86,303	91,972	88,798	89,643	83,557	82,222	79,407	79,595	77,989	79,875	74,810	72,746	67,979	65,570	70,318	67,187	65,987	66,335	51,792
Prepaid expenses and other current assets
28,331	21,075	23,761	27,118	32,307	30,085	24,572	27,296	25,227	23,930	19,880	23,341	21,378	21,711	12,793	18,029	17,920	13,061	8,104	10,584	17,053	19,451	13,937	13,480	15,178	11,277	12,837	11,476	12,632	8,562	6,982	7,730	9,053	6,009	4,354	4,043	10,799
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,661	14,863	14,432	14,190	13,168	12,688	12,665	12,930	11,935	11,353	11,135	11,256	10,055	9,846	10,427	10,665	11,773	12,261	12,182	12,556	13,406	12,742
Total current assets
479,585	460,816	450,488	467,875	474,024	460,028	428,202	412,132	432,414	445,568	457,249	444,746	433,738	430,034	440,265	516,458	362,235	350,127	327,713	331,346	359,695	363,594	350,982	343,611	333,621	325,377	329,263	307,468	306,266	291,301	300,903	362,036	358,867	344,353	324,056	309,029	244,702
Property, Plant and Equipment, Net
101,856	101,992	101,083	92,893	88,126	89,266	90,269	94,341	95,573	97,619	99,930	101,083	99,131	98,665	100,789	82,921	82,586	82,228	80,454	79,564	79,924	80,867	81,575	83,070	81,304	79,429	78,399	74,897	69,306	66,157	61,653	60,125	58,270	56,161	56,252	57,413	56,444
Goodwill
465,411	429,838	429,039	403,448	403,425	402,152	369,275	369,815	370,513	369,959	369,762	369,399	369,224	369,093	369,700	26,530	26,917	26,831	27,677	27,484	27,458	27,574	26,123	33,289	16,469	16,821	16,624	16,589	16,310	16,385	16,239	16,061	16,210	16,197	16,027	15,953	15,429
Intangible Assets, Net (Excluding Goodwill)
344,351	306,134	306,585	285,299	287,101	288,076	246,138	247,076	250,470	252,523	255,079	257,794	260,513	263,469	266,789	20,646	20,583	20,198	19,706	19,967	20,229	20,758	21,178	16,716	17,656	18,872	19,656	20,587	21,292	22,260	23,077	23,847	24,864	25,799	25,843	25,383	24,753
Other long-term assets
26,479	25,195	3,553	3,986	3,900	3,841	2,263	3,061	3,211	3,913	4,116	4,338	4,600	4,583	5,061	3,186	2,779	2,715	2,010	3,168	2,872	3,515	3,694	3,206	3,307	3,374	4,539	4,399	4,312	4,507	4,696	4,160	4,387	4,383	4,568	4,656	3,368
Deferred income taxes
6,166	5,444	7,229	3,818	4,058	4,501	3,249	3,483	3,740	3,399	3,556	4,285	4,691	4,944	5,416	3,147	3,278	3,111	3,271	3,057	3,161	3,569	3,856	2,937	3,198	2,588	2,796	2,530	2,583	2,671	2,870	901	891	889	1,113	1,765	1,709
Total assets
1,423,848	1,329,419	1,297,977	1,257,319	1,260,634	1,247,864	1,139,396	1,129,908	1,155,921	1,172,981	1,189,692	1,181,645	1,171,897	1,170,788	1,188,020	652,888	498,378	485,210	460,831	464,586	493,339	499,877	487,408	482,829	455,555	446,461	451,277	426,470	420,069	403,281	409,438	467,130	463,489	447,782	427,859	414,199	346,405
Liabilities and Shareholders' Equity
Liabilities, Current [Abstract]
Short-term borrowings
32,000	30,000	0	-	-	-	-	-	-	5,000	-	-	-	-	-	0	21,387	40,941	21,183	36,202	70,871	65,000	60,000	65,000	45,000	35,000	35,000	10,000	5,000	71	230	40,239	40,282	40,240	40,285	40,240	40,229
Current maturities of long-term debt, net
2,818	27,494	27,969	28,316	28,076	30,462	32,738	48,913	53,210	54,886	39,095	19,523	10,218	10,032	9,850	8,290	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
59,107	46,113	46,849	39,495	39,941	49,191	47,886	47,400	47,394	48,861	47,515	44,546	41,480	44,902	46,383	37,746	37,311	32,967	32,994	28,182	36,448	29,563	27,189	25,146	28,224	27,502	29,816	28,159	28,748	32,039	33,744	29,365	28,453	27,223	27,794	29,459	21,818
Accrued payroll and related costs
39,694	34,845	46,760	43,893	39,181	34,223	43,554	38,971	38,164	35,542	49,434	39,330	38,077	31,982	45,505	30,831	28,263	25,393	27,938	26,755	24,199	26,735	30,009	32,075	30,236	31,904	33,528	31,057	25,931	26,415	30,731	31,308	26,474	25,392	33,577	32,382	32,725
Advance payments from customers
67,323	66,142	70,520	87,935	102,033	101,367	80,131	78,702	83,039	79,928	76,712	78,488	86,766	87,233	72,728	89,163	98,393	78,957	65,734	59,638	54,159	61,222	52,335	51,031	49,967	42,375	44,929	54,057	63,470	57,550	65,833	61,909	72,857	74,566	63,307	62,268	44,000
Accrued warranty costs
4,446	4,119	3,541	3,843	4,741	5,229	5,418	5,589	6,191	5,832	6,018	5,495	5,240	5,402	5,718	4,854	4,872	4,302	4,695	4,792	5,325	5,188	4,286	5,164	5,120	5,308	4,694	5,132	4,438	4,423	3,984	3,594	4,468	4,595	5,290	5,752	7,505
Accrued income taxes
3,328	4,078	7,077	3,736	5,709	4,853	4,928	3,318	3,317	3,549	4,464	3,054	2,311	2,365	3,445	1,456	2,577	2,683	3,273	2,004	2,602	3,552	6,041	2,391	3,424	2,732	3,350	1,877	2,712	3,432	3,510	5,083	5,137	7,902	5,453	7,606	2,642
Accrued dividends
5,718	5,704	5,695	5,568	5,328	5,319	5,312	5,354	5,291	5,285	5,278	5,048	5,021	4,953	4,942	4,935	4,360	-	0	4,392	4,407	4,439	4,476	-	-	-	4,544	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	962	994	974	990	1,468	1,410	1,573	1,641	3,073	3,060	3,092	3,037	2,682	2,642	2,752	2,627	1,798	1,888	1,730	2,285	1,780	996
Other accrued liabilities
45,954	51,948	43,165	35,367	34,494	26,623	19,146	18,193	20,459	21,365	18,873	20,305	22,370	24,873	27,550	21,312	18,716	16,526	19,845	22,560	22,247	20,622	17,004	22,386	19,457	21,968	15,265	17,267	18,309	15,418	19,573	25,039	17,708	17,711	17,623	13,673	11,925
Total current liabilities
260,388	270,443	251,576	248,153	259,503	257,267	239,113	246,440	257,065	260,248	247,389	215,789	211,483	211,742	216,121	199,549	216,873	202,743	176,652	185,993	221,668	217,894	202,981	206,266	184,488	169,881	174,163	150,231	151,250	142,100	160,232	198,335	197,267	199,359	195,614	193,160	161,840
Long-term Debt and Lease Obligation
565,774	483,216	484,648	434,200	436,344	435,586	355,640	342,419	356,523	382,161	418,544	440,400	449,798	452,424	455,001	18,143	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
51,558	39,907	41,531	50,315	50,659	50,846	46,482	44,721	44,373	44,433	74,981	80,522	82,136	84,008	86,020	9,404	9,361	9,317	8,154	10,514	10,555	10,557	6,045	8,013	8,014	8,012	8,011	8,672	8,670	8,673	8,671	8,946	9,238	9,169	9,190	5,920	6,057
Non-current accrued income taxes
4,985	5,034	4,414	5,745	6,985	7,010	6,158	10,118	10,729	10,769	5,855	6,475	6,325	6,387	6,232	6,894	6,848	6,898	5,649	4,352	4,329	4,819	5,990	5,394	4,606	4,624	4,311	2,045	2,019	1,816	1,666	3,901	4,637	5,246	5,106	4,414	4,181
Defined benefit pension plan obligation
19,046	16,268	16,585	9,062	9,581	11,197	9,177	8,583	9,287	8,151	8,588	13,533	12,687	12,695	13,744	7,760	8,069	7,426	7,784	5,544	4,772	6,743	7,654	3,036	3,971	4,072	4,434	8,174	7,753	7,793	7,761	2,936	2,579	2,389	2,691	4,199	3,080
Business Combination, Contingent Consideration, Liability
17,673	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
22,746	25,803	15,164	15,305	12,508	12,623	4,894	5,077	5,714	5,639	5,558	5,490	5,424	5,311	5,642	5,026	5,026	4,829	4,450	4,234	4,548	5,704	6,611	7,239	6,392	5,677	3,821	3,459	3,521	4,136	4,389	3,973	4,459	4,609	4,410	4,708	5,141
Total liabilities
942,170	840,671	813,918	762,780	775,580	774,529	661,464	657,358	683,691	711,401	760,915	762,209	767,853	772,567	782,760	246,776	246,177	231,213	202,689	210,637	245,872	245,717	229,281	229,948	207,471	192,266	194,740	172,581	173,213	164,518	182,719	218,091	218,180	220,772	217,011	212,401	180,299
Shareholders' Equity
Common stock, $0.25 par value; 64,000 shares authorized: 19,188 and 19,124 shares issued and outstanding as of March 28, 2020 and September 28, 2019, respectively
4,797	4,789	4,781	4,684	4,475	4,468	4,464	4,461	4,448	4,445	4,440	4,208	4,181	4,178	4,165	4,165	3,682	3,700	3,733	3,725	3,729	3,759	3,795	3,770	3,795	3,820	3,852	3,905	3,940	3,916	3,910	4,013	4,007	3,943	3,908	3,899	3,816
Additional paid-in capital
187,551	183,948	182,422	179,015	176,918	173,065	171,407	169,339	166,757	164,577	163,632	162,344	157,277	156,053	154,879	153,050	-	-	4,275	1,661	-	-	6,112	-	-	-	-	6,126	6,727	2,403	652	22,362	21,129	10,535	5,319	-	0
Retained earnings
308,055	314,887	315,329	316,249	308,279	299,493	300,585	295,825	292,200	289,105	261,258	261,021	255,459	253,280	256,589	256,021	253,868	257,878	255,711	251,009	246,420	248,228	242,396	236,016	232,024	236,304	240,348	233,493	226,655	220,329	211,256	209,682	204,092	196,938	185,332	178,608	147,609
Accumulated other comprehensive income (loss)
-18,725	-14,876	-18,473	-5,409	-4,618	-3,691	1,476	2,925	8,825	3,453	-553	-8,137	-12,873	-15,290	-10,373	-7,124	-5,349	-7,581	-5,577	-2,446	-2,682	2,173	5,824	13,095	12,265	14,071	12,337	10,365	9,534	12,115	10,901	12,982	16,081	15,594	16,289	19,291	14,681
Stockholders' Equity Attributable to Parent
481,678	488,748	484,059	494,539	485,054	473,335	477,932	472,550	472,230	461,580	428,777	419,436	404,044	398,221	405,260	406,112	252,201	253,997	258,142	253,949	247,467	254,160	258,127	252,881	248,084	254,195	256,537	253,889	246,856	238,763	226,719	249,039	245,309	227,010	210,848	201,798	166,106
Total liabilities and shareholders' equity
1,423,848	1,329,419	1,297,977	1,257,319	1,260,634	1,247,864	1,139,396	1,129,908	1,155,921	1,172,981	1,189,692	1,181,645	1,171,897	1,170,788	1,188,020	652,888	498,378	485,210	460,831	464,586	493,339	499,877	487,408	482,829	455,555	446,461	451,277	426,470	420,069	403,281	409,438	467,130	463,489	447,782	427,859	414,199	346,405