NATIONAL INSTRUMENTS CORPORATION NATI Balance Sheet

National instruments corporation (NATI)

Balance Sheet / TTM

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	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
Assets
Current assets:
Cash and cash equivalents
254,441	194,616	222,773	191,761	228,766	259,386	311,381	217,619	250,365	290,164	294,194	263,150	279,008	285,283	300,652	285,261	265,400	251,129	229,235	232,784	239,548	274,030	259,455	237,496	240,701	230,263	190,208	169,580	172,054	161,996	311,536	271,402	238,510	142,608	196,511	207,367	254,594	219,447	226,844	185,418	201,465
Short-term investments
329,573	237,983	209,416	247,892	251,297	271,396	171,028	210,804	164,159	121,888	91,223	105,284	86,410	73,117	52,277	55,063	63,208	81,789	182,060	190,016	203,721	197,163	188,299	164,017	169,409	163,149	153,906	153,970	155,251	173,166	52,128	79,325	138,896	223,504	139,372	112,341	130,460	131,215	111,903	130,857	87,196
Accounts receivable, net
213,015	248,872	224,305	222,565	215,012	242,955	239,468	249,910	242,291	248,825	235,177	230,958	224,267	228,686	206,171	222,243	207,308	216,244	185,658	205,568	190,992	202,329	187,726	210,820	181,545	180,680	182,723	172,880	172,123	187,060	182,604	188,258	155,386	157,056	158,608	148,939	132,148	127,214	121,503	111,008	103,957
Inventories, net
208,493	200,410	206,727	206,851	204,710	194,146	192,412	193,417	193,273	184,592	184,641	186,155	194,878	193,608	196,391	194,585	192,054	185,197	189,992	187,411	177,980	173,052	170,862	167,294	170,257	172,109	178,904	185,278	188,591	169,990	155,273	148,989	140,408	131,995	132,554	141,571	134,408	117,765	101,532	95,983	86,515
Prepaid expenses and other current assets
64,972	65,477	66,313	66,021	66,434	54,337	62,447	56,740	65,701	48,621	50,325	52,568	45,970	53,953	55,281	63,502	65,523	65,381	58,410	80,885	72,575	70,075	71,735	75,709	51,723	49,001	66,412	68,202	58,462	48,009	49,668	56,089	32,911	38,082	46,068	42,007	25,459	36,239	42,132	41,928	36,523
Deferred income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,675	30,016	31,406	31,171	28,425	29,832	35,324	33,393	26,464	30,197	28,361	27,479	21,563	19,588	27,767	26,304	16,122	13,919	19,792	18,838	15,449	12,811	16,522
Total current assets
1,070,494	947,358	929,534	935,090	966,219	1,022,220	976,736	928,490	915,789	894,090	855,560	838,115	830,533	834,647	810,772	820,654	793,493	799,740	879,030	926,680	916,222	947,820	906,502	885,168	848,959	828,595	798,617	780,107	774,842	767,700	772,772	763,651	733,878	719,549	689,235	666,144	696,861	650,718	619,363	578,005	532,178
Property and equipment, net
245,166	243,717	239,140	233,900	228,164	245,201	245,898	249,834	248,799	249,715	254,918	256,761	260,208	260,456	261,859	257,868	256,961	257,853	260,775	264,146	263,322	264,086	261,622	263,709	262,518	260,568	262,966	263,915	259,123	249,721	223,144	205,754	192,944	190,148	182,300	171,506	164,288	160,410	151,667	150,905	153,265
Goodwill
253,191	262,242	259,430	263,984	262,384	264,530	263,119	263,796	269,620	266,783	265,091	261,411	254,523	253,197	261,372	260,224	262,900	257,718	169,770	167,491	166,974	144,325	145,026	146,433	146,544	146,520	147,319	146,922	146,660	147,258	129,092	128,963	130,975	130,747	131,353	132,011	70,768	70,278	69,383	68,569	64,779
Intangible assets, net
76,308	84,083	91,162	97,612	104,066	110,783	116,061	121,270	126,242	123,293	122,681	120,327	113,188	108,663	110,161	108,241	110,100	108,196	82,245	76,488	75,421	78,282	83,151	86,398	83,484	82,310	84,424	87,972	89,247	93,913	75,745	80,679	81,042	83,866	90,142	93,971	51,928	52,816	52,553	53,132	43,390
Operating lease right-of-use assets
66,245	70,407	63,766	70,799	70,861	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
51,461	44,082	45,289	38,088	39,644	28,501	28,106	30,349	31,155	32,553	32,878	28,700	33,471	39,601	28,729	26,302	32,826	30,349	21,487	21,397	21,120	20,978	24,592	23,424	24,173	25,558	28,269	25,303	28,358	26,177	33,491	34,584	31,916	29,984	22,649	25,938	27,584	25,460	19,269	17,559	19,417
Total assets
1,762,865	1,651,889	1,628,321	1,639,473	1,671,338	1,671,235	1,629,920	1,593,739	1,591,605	1,566,434	1,531,128	1,505,314	1,491,923	1,496,564	1,472,893	1,473,289	1,456,280	1,453,856	1,413,307	1,456,202	1,443,059	1,455,491	1,420,893	1,405,132	1,365,678	1,343,551	1,321,595	1,304,219	1,298,230	1,284,769	1,234,244	1,213,631	1,170,755	1,154,294	1,115,679	1,089,570	1,011,429	959,682	912,235	868,170	813,029
Liabilities and stockholders' equity
Current liabilities:
Accounts payable and accrued liabilities
50,259	52,192	56,839	54,966	50,576	48,388	51,321	52,769	52,856	49,733	51,274	54,214	55,850	48,800	53,192	50,724	54,347	50,970	53,762	57,289	57,671	58,603	61,893	63,982	62,827	56,614	54,582	54,606	66,821	65,080	52,211	51,707	41,629	41,111	39,650	36,475	36,615	33,544	33,005	28,786	23,502
Accrued compensation
38,808	47,732	43,109	39,613	35,148	45,821	52,182	43,200	34,640	43,309	45,231	36,672	29,001	27,743	31,615	31,071	26,546	27,956	28,946	27,679	23,656	33,774	37,638	32,727	21,817	25,189	29,559	28,467	26,202	29,978	34,850	33,354	24,656	29,616	38,444	34,135	22,952	27,734	39,075	29,145	14,934
Deferred revenue - current
117,598	131,445	124,386	128,787	130,336	127,288	120,398	125,451	127,766	120,638	120,271	120,212	121,597	115,577	113,645	116,202	116,656	112,283	104,509	109,514	109,300	105,964	101,407	104,570	102,155	96,117	96,043	95,137	94,992	90,714	87,803	89,497	95,448	80,059	83,336	80,172	77,787	71,650	63,940	64,447	57,242
Operating lease liabilities - current
13,942	13,431	14,038	15,735	16,088	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other taxes payable
33,064	40,607	31,958	33,517	28,001	35,574	34,654	32,013	28,229	31,793	30,832	28,743	19,739	34,958	33,461	32,869	31,264	37,250	34,636	36,333	31,589	34,602	34,822	33,063	29,752	29,808	31,021	22,315	21,856	24,811	25,728	22,165	20,047	24,507	22,117	19,478	14,805	16,846	15,324	12,910	14,181
Other current liabilities
60,065	20,716	22,761	12,665	27,807	25,913	17,508	14,795	32,478	23,782	17,802	15,341	37,342	32,997	23,940	23,374	26,272	11,756	14,078	12,985	12,930	14,714	13,728	16,139	16,567	17,627	20,003	33,412	31,977	34,373	24,785	22,007	34,619	37,612	35,290	20,156	14,081	16,538	18,313	14,566	8,560
Total current liabilities
313,736	306,123	293,091	285,283	287,956	282,984	276,063	268,228	275,969	269,255	265,410	255,182	263,529	260,075	255,853	254,240	255,085	240,215	235,931	243,800	235,146	247,657	249,488	250,481	233,118	225,355	231,208	233,937	241,848	244,956	225,377	218,730	216,399	212,905	218,837	190,416	166,240	166,312	169,657	149,854	118,419
Long-term debt
-	-	-	-	-	-	-	-	-	-	15,000	25,000	25,000	25,000	25,000	40,000	25,000	37,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
12,475	14,065	25,949	27,903	24,268	25,457	36,638	37,381	32,774	33,609	37,074	35,561	37,736	45,386	37,787	37,751	39,353	44,673	44,093	45,765	46,485	47,406	41,885	42,374	43,294	44,620	45,046	46,480	46,464	47,630	42,030	43,128	43,058	43,186	36,413	37,476	29,697	29,477	24,725	24,700	25,012
Liability for uncertain income tax positions
6,756	6,652	7,631	8,329	8,025	9,775	9,045	10,938	10,486	10,158	9,284	12,438	12,071	11,719	10,037	12,823	12,283	11,974	10,379	10,280	10,256	10,127	10,412	24,700	24,145	23,572	23,399	22,277	21,657	20,920	20,473	21,289	20,270	19,494	15,376	18,016	16,416	14,953	11,608	12,389	11,062
Income taxes payable - non-current
69,151	69,151	67,046	67,046	74,546	74,546	74,015	74,015	81,515	81,515	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue - non-current
32,853	33,480	31,920	32,937	32,393	32,636	31,762	31,550	31,021	33,742	31,405	31,665	30,024	29,752	28,148	28,066	27,359	27,708	26,427	26,705	26,136	26,452	24,808	23,435	21,261	21,389	21,309	21,120	19,944	20,446	20,885	18,488	-	10,015	-	-	-	-	-	-	-
Operating lease liabilities - non-current
36,429	40,650	33,112	38,495	38,154	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
11,348	5,418	7,411	4,906	4,743	7,479	5,488	5,949	10,134	10,134	9,156	7,420	7,793	10,413	8,657	9,218	8,738	10,565	11,874	10,026	10,088	6,353	7,012	6,249	6,119	5,531	9,455	8,646	10,556	11,689	7,193	15,668	15,714	16,683	18,255	17,201	4,694	4,395	5,225	5,251	4,116
Total liabilities
482,748	475,539	466,160	464,899	470,085	432,877	433,011	428,061	441,899	438,413	367,329	367,266	376,153	382,345	365,482	382,098	367,818	372,135	353,704	336,576	328,111	337,995	333,605	347,239	327,937	320,467	330,417	332,460	340,469	345,641	315,958	317,303	295,441	302,283	288,881	263,109	217,047	215,137	211,215	192,194	158,609
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	-	0	-	-	-
Stockholders' equity:
Preferred stock: par value $0.01; 5,000,000 shares authorized; none issued and outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0
Common stock: par value $0.01; 360,000,000 shares authorized; 130,595,203 shares and 130,504,535 shares issued and outstanding, respectively
1,306	1,305	1,311	1,319	1,319	1,327	1,324	1,322	1,312	1,310	1,307	1,305	1,296	1,292	1,289	1,286	1,277	1,275	1,269	1,289	1,281	1,278	1,276	1,273	1,261	1,257	1,252	1,248	1,235	1,229	1,225	1,222	1,210	1,207	1,204	1,201	1,190	1,179	780	782	774
Additional paid-in capital
973,354	953,578	939,121	924,801	910,602	897,544	881,417	864,314	846,743	829,979	816,152	800,774	785,666	771,346	758,411	744,800	730,970	717,705	694,817	693,107	680,228	662,889	649,794	635,640	621,211	604,330	586,406	568,426	552,510	532,845	515,973	501,885	485,989	471,830	459,486	447,407	431,726	407,713	388,502	379,468	336,446
Retained earnings
335,876	242,537	245,465	264,484	307,153	356,418	329,342	316,607	315,951	313,241	365,021	359,088	361,327	376,202	372,893	374,190	380,896	400,831	395,154	449,023	455,651	464,993	440,785	420,216	414,765	414,947	400,798	402,597	405,622	404,210	400,694	393,502	384,147	382,474	370,211	369,512	354,956	336,363	308,535	299,871	303,655
Accumulated other comprehensive loss
-30,419	-21,070	-23,736	-16,030	-17,821	-16,931	-15,174	-16,565	-14,300	-16,509	-18,681	-23,119	-32,519	-34,621	-25,182	-29,085	-24,681	-38,090	-31,637	-23,793	-22,212	-11,664	-4,567	764	504	2,550	2,722	-512	-1,606	844	394	-281	3,968	-3,500	-4,103	8,341	6,510	-710	3,203	-4,145	13,545
Total stockholders’ equity
1,280,117	1,176,350	1,162,161	1,174,574	1,201,253	1,238,358	1,196,909	1,165,678	1,149,706	1,128,021	1,163,799	1,138,048	1,115,770	1,114,219	1,107,411	1,091,191	1,088,462	1,081,721	1,059,603	1,119,626	1,114,948	1,117,496	1,087,288	1,057,893	1,037,741	1,023,084	991,178	971,759	957,761	939,128	918,286	896,328	875,314	852,011	826,798	826,461	794,382	744,545	701,020	675,976	654,420
Total liabilities and stockholders’ equity
1,762,865	1,651,889	1,628,321	1,639,473	1,671,338	1,671,235	1,629,920	1,593,739	1,591,605	1,566,434	1,531,128	1,505,314	1,491,923	1,496,564	1,472,893	1,473,289	1,456,280	1,453,856	1,413,307	1,456,202	1,443,059	1,455,491	1,420,893	1,405,132	1,365,678	1,343,551	1,321,595	1,304,219	1,298,230	1,284,769	1,234,244	1,213,631	1,170,755	1,154,294	1,115,679	1,089,570	1,011,429	959,682	912,235	868,170	813,029