VEECO INSTRUMENTS INC. VECO Balance Sheet

Veeco instruments inc. (VECO)

Balance Sheet / Quarterly

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
Assets
Current assets:
Cash and cash equivalents
162,325	129,294	135,259	161,715	169,439	212,273	213,506	196,429	245,525	279,736	235,268	205,564	423,661	277,444	274,018	257,641	243,722	269,232	334,114	313,853	303,123	270,811	264,008	232,332	214,682	210,799	247,666	241,548	223,121	384,557	387,048	317,047	275,332	217,922	213,236	197,668	276,837	245,132
Restricted cash
652	657	687	733	804	809	828	838	841	847	-	-	-	-	-	-	-	-	-	-	493	539	487	518	764	2,738	2,850	3,448	2,061	2,017	852	851	852	577	22,901	54,484	76,117	76,115
Short-term investments
79,429	115,252	95,672	84,495	67,215	48,189	52,063	65,023	65,130	47,780	85,853	97,086	258,196	66,787	62,835	73,211	104,979	116,050	68,877	82,397	88,997	120,572	222,954	252,165	267,402	281,538	322,488	340,332	362,747	192,234	185,692	221,832	247,826	273,591	212,727	380,506	426,025	394,180
Accounts receivable, net
84,251	45,666	72,731	58,949	74,860	66,808	90,816	133,750	108,219	98,866	113,795	108,349	51,433	58,020	50,463	41,695	56,089	49,524	46,798	83,098	64,285	60,085	61,588	58,323	50,720	23,823	37,769	44,736	42,912	63,169	60,320	95,125	90,341	95,038	115,168	128,000	94,041	150,528
Contract assets
14,612	25,351	20,782	12,029	10,479	10,397	7,441	4,931	1,984	160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
129,611	133,067	135,190	139,708	148,103	156,311	149,832	145,939	130,964	120,266	113,681	119,935	64,697	77,063	86,651	90,771	77,205	77,469	69,973	63,564	57,197	61,471	46,594	48,364	52,073	59,726	57,585	64,107	67,689	59,807	74,360	90,729	103,276	113,434	127,518	113,339	121,342	108,487
Deferred cost of sales
1,981	445	2,198	7,444	2,921	3,072	2,986	205	1,080	15,994	17,594	4,439	4,684	6,160	3,165	2,590	1,090	2,100	9,665	24,384	15,506	5,076	7,434	5,714	2,646	724	-	-	-	1,797	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
16,446	14,966	23,762	26,444	24,943	22,221	23,400	28,580	29,615	33,437	36,396	24,909	19,777	16,034	19,099	20,356	29,420	22,760	22,589	25,976	32,102	23,132	43,898	26,774	26,121	22,579	36,864	32,895	30,582	30,358	40,964	28,577	27,948	40,756	60,107	69,880	31,676	34,328
Assets held for sale
11,183	11,180	-	-	-	-	-	-	-	-	-	-	-	-	12,129	11,177	4,983	5,000	5,000	6,000	6,000	6,000	2,653	-	-	-	-	-	-	-	-	-	2,341	2,341	2,341	2,341	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,497	6,479	7,014	7,976	8,384	9,403	10,796	11,716	10,545	16,918	13,171	10,545	8,974	10,298	10,222	10,885	6,975	7,000	5,772	13,803
Total current assets
500,490	475,878	486,281	491,517	498,764	520,080	540,872	575,695	583,358	597,086	602,587	560,282	822,448	501,508	508,360	497,441	517,488	542,135	563,513	605,751	574,717	555,662	658,000	633,593	625,204	613,643	715,767	743,984	742,283	744,484	758,210	764,459	758,138	754,544	760,973	953,218	1,031,810	1,022,573
Property, plant, and equipment, net
72,291	75,711	77,801	80,761	77,737	80,284	80,626	79,268	83,100	85,058	84,403	82,546	63,684	60,646	57,557	62,981	80,225	79,590	80,521	80,002	80,301	78,752	80,720	83,141	86,912	89,139	95,698	96,949	96,714	98,302	99,058	97,068	91,998	86,067	76,232	62,397	48,981	42,320
Operating lease right-of-use assets
13,159	14,453	10,472	11,543	12,874	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net
57,680	61,518	72,376	76,689	80,931	85,149	89,398	93,582	356,311	369,843	383,596	396,097	55,511	58,378	61,812	121,380	126,653	131,674	137,476	143,367	151,346	159,308	106,015	108,914	111,814	114,716	18,407	19,263	20,118	20,974	22,006	23,483	24,668	25,882	27,097	28,373	15,740	16,893
Goodwill
181,943	181,943	184,302	184,302	184,302	184,302	307,131	307,131	307,131	307,131	308,529	303,160	114,908	114,908	114,908	114,908	114,908	114,908	114,908	115,256	114,972	114,959	91,521	91,521	91,348	91,348	55,828	55,828	55,828	55,828	55,828	55,828	55,828	55,828	56,271	67,107	52,003	52,003
Deferred income taxes
1,549	1,549	1,872	1,869	1,869	1,869	2,183	2,172	3,281	3,047	2,528	2,528	4,044	2,045	1,384	1,384	1,384	1,384	1,180	1,180	1,180	1,180	397	397	397	397	6,072	5,136	4,505	935	-	-	-	-	2,998	2,998	9,403	9,403
Other assets
5,774	7,036	29,172	29,182	29,117	29,132	30,356	30,261	28,847	25,310	25,263	25,056	21,047	21,047	21,047	21,056	21,098	21,098	21,091	20,325	19,574	19,594	19,745	39,506	38,882	38,726	17,341	16,908	16,435	16,781	19,453	9,137	13,720	13,742	10,652	6,350	5,074	4,842
Total assets
832,886	818,088	862,276	875,863	885,594	900,816	1,050,566	1,088,109	1,362,028	1,387,475	1,406,906	1,369,669	1,081,642	758,532	765,068	819,150	861,756	890,789	918,689	965,881	942,090	929,455	956,398	957,072	954,557	947,969	909,113	938,068	935,883	937,304	954,555	949,975	944,352	936,063	934,223	1,120,443	1,163,011	1,148,034
Liabilities and stockholders' equity
Current liabilities:
Accounts payable
36,359	21,281	34,702	21,703	36,315	39,611	65,042	65,090	58,273	50,318	53,716	46,040	30,732	22,607	27,455	34,883	30,624	30,074	25,122	46,159	41,128	18,111	26,113	27,777	28,293	35,755	28,334	46,948	32,503	26,087	35,429	32,652	38,243	40,398	44,784	60,046	38,678	32,220
Accrued expenses and other current liabilities
41,568	41,243	40,641	42,797	44,040	46,450	40,430	55,274	54,297	58,068	65,728	44,305	28,480	33,201	38,421	35,113	46,318	49,393	41,728	39,343	36,491	48,418	40,468	35,360	38,065	51,084	60,283	59,176	76,132	41,401	87,318	95,168	103,219	106,626	135,003	195,017	171,275	183,010
Customer deposits and deferred revenue
49,628	54,870	66,031	84,031	68,881	72,736	64,443	73,459	94,473	112,032	107,636	76,985	70,785	85,022	79,699	65,753	74,473	76,216	89,025	128,553	109,993	96,004	65,553	57,580	41,171	34,754	-	-	-	42,099	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,032	17,294	9,216	-	5,716	-	-	11,305	-	-	4,518	-
Deferred profit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,301	7,612	-	5,911	3,948	-	4,109
Income taxes payable
954	830	663	669	792	1,256	1,819	1,782	1,581	3,846	4,171	4,316	2,441	2,311	1,825	654	5,315	6,208	7,764	7,750	8,041	5,441	6,840	6,796	5,538	6,149	974	112	697	2,292	1,096	1,350	1,888	3,532	4,446	4,193	21,347	56,369
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	120	120	120	120	159	159	159	159	-	-	-	140	-	-	-	-	-	-	-	-
Liabilities of discontinued segment held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,359	5,359	5,359	5,359	5,359	5,359	5,359
Current portion of long-term debt
-	-	-	-	-	-	-	-	-	-	-	1,013	375	368	361	354	347	340	333	327	320	314	308	302	296	290	285	279	274	268	263	258	253	248	243	238	94,973	101,367
Total current liabilities
128,509	118,224	142,037	149,200	150,028	160,053	171,734	195,605	208,624	224,264	231,251	172,659	132,813	143,509	147,761	136,757	157,077	162,231	164,092	222,252	196,093	168,408	139,441	127,974	113,522	128,191	97,908	123,809	118,822	112,287	129,822	145,088	156,574	167,468	195,746	268,801	336,150	382,434
Deferred income taxes
5,763	5,648	5,713	5,700	5,675	5,690	7,170	7,784	36,794	36,845	46,268	46,291	14,063	13,199	13,146	13,014	11,658	11,211	16,538	15,779	16,041	16,397	19,741	23,057	26,325	28,052	7,110	7,168	7,137	7,137	5,023	5,023	5,023	5,029	-	-	-	-
Long-term debt
303,388	300,068	296,810	293,611	290,473	287,392	284,369	281,401	278,489	275,630	272,825	270,071	268,098	826	920	1,013	1,104	1,193	1,281	1,367	1,451	1,533	1,614	1,694	1,771	1,847	1,922	1,995	2,067	2,138	2,207	2,275	2,341	2,406	2,470	2,532	2,594	2,654
Operating lease long-term liabilities
9,294	10,300	6,066	7,166	8,382	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
8,868	9,336	9,180	9,160	9,238	9,906	9,206	9,389	10,164	10,643	11,033	11,163	1,652	6,403	6,503	6,141	1,447	1,539	6,873	6,183	4,680	4,185	3,484	2,912	498	9,649	4,894	4,779	4,737	4,530	303	324	436	640	755	306	392	434
Total liabilities
455,822	443,576	459,806	464,837	463,796	463,041	472,479	494,179	534,071	547,382	561,377	500,184	416,626	163,937	168,330	156,925	171,286	176,174	188,784	245,581	218,265	190,523	164,280	155,637	142,116	167,739	111,834	137,751	132,763	126,092	137,355	-	-	175,543	-	-	-	-
Stockholders' equity:
Preferred stock, $0.01 par value; 500,000 shares authorized; no shares 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
Common stock, $0.01 par value; 120,000,000 shares authorized; 49,428,391 shares issued and outstanding at March 31, 2020 and 48,994,346 shares issued and outstanding at December 31, 2019
494	490	489	490	487	485	486	487	487	482	483	484	406	407	408	409	410	410	409	408	404	404	402	402	400	397	392	393	393	393	393	385	436	435	-	-	-	409
Additional paid-in capital
1,074,020	1,071,058	1,066,203	1,062,949	1,058,179	1,061,325	1,060,733	1,057,962	1,054,331	1,051,953	1,050,994	1,053,138	831,761	763,303	761,975	759,572	771,983	767,137	763,383	759,004	754,125	750,139	743,210	738,418	734,217	721,352	716,370	713,454	711,481	708,723	705,134	697,303	692,015	688,353	-	-	-	656,969
Accumulated deficit
-699,497	-698,930	-666,058	-654,291	-638,726	-619,983	-475,284	-466,331	-228,697	-212,870	-207,760	-185,877	-167,489	-168,583	-163,585	-93,987	-61,906	-45,058	-35,271	-40,576	-32,190	-13,080	43,832	57,809	73,020	53,860	75,945	81,971	86,052	96,123	105,178	93,425	281,729	265,317	-	-	-	137,436
Accumulated other comprehensive income
2,047	1,894	1,836	1,878	1,858	1,820	1,812	1,812	1,836	1,812	1,812	1,740	1,678	1,777	2,266	1,414	1,437	1,348	1,384	1,464	1,486	1,469	4,674	4,806	4,804	4,621	4,572	4,499	5,194	5,973	6,495	6,152	5,973	6,590	-	-	-	5,796
Treasury stock, at cost, 522,732 shares at December 31, 2018.
-	-	-	-	-	5,872	9,660	-	-	1,284	-	-	1,340	2,309	4,326	5,183	21,454	9,222	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200,175	200,175	-	-	-	38,098
Total stockholders' equity
377,064	374,512	402,470	411,026	421,798	437,775	578,087	593,930	827,957	840,093	845,529	869,485	665,016	594,595	596,738	662,225	690,470	714,615	729,905	720,300	723,825	738,932	792,118	801,435	812,441	780,230	797,279	800,317	803,120	811,212	817,200	797,265	779,978	760,520	735,252	848,804	823,875	762,512
Total liabilities and stockholders' equity
832,886	818,088	862,276	875,863	885,594	900,816	1,050,566	1,088,109	1,362,028	1,387,475	1,406,906	1,369,669	1,081,642	758,532	765,068	819,150	861,756	890,789	918,689	965,881	942,090	929,455	956,398	957,072	954,557	947,969	909,113	938,068	935,883	937,304	954,555	949,975	944,352	936,063	934,223	1,120,443	1,163,011	1,148,034