$3.5 B

MKSI Mkt cap, 14-Dec-2018

$487.2 M

MKS Instruments Revenue Q3, 2018
MKS Instruments Gross profit (Q3, 2018)231.9 M
MKS Instruments Gross profit margin (Q3, 2018), %47.6%
MKS Instruments Net income (Q3, 2018)93.3 M
MKS Instruments EBIT (Q3, 2018)117 M

MKS Instruments Revenue

MKS Instruments revenue was $1.92 b in FY, 2017 which is a 47.9% year over year increase from the previous period.

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MKS Instruments Revenue Breakdown

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MKS Instruments revenue breakdown by business segment: 37.0% from Light & Motion and 63.0% from Vacuum & Analysis

MKS Instruments revenue breakdown by geographic segment: 19.3% from Asia, 49.9% from United States, 8.7% from Japan, 11.0% from Europe and 11.1% from South Korea

MKS Instruments Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

669.4m780.9m813.5m1.3b1.9b

Revenue growth, %

17%4%59%48%

Cost of goods sold

402.8m443.1m450.7m729.7m1.0b

Gross profit

266.6m337.8m362.9m565.6m891.5m

Gross profit Margin, %

40%43%45%44%47%

R&D expense

68.3m110.6m132.6m

General and administrative expense

129.1m229.2m290.5m

Operating expense total

206.3m408.4m484.8m

EBIT

58.4m135.1m156.6m157.3m406.6m

EBIT margin, %

9%17%19%12%21%

Interest expense

85.0k72.0k143.0k30.6m31.0m

Interest income

999.0k1.3m3.0m2.6m3.0m

Pre tax profit

59.3m136.4m159.5m128.0m447.6m

Income tax expense

23.5m20.6m37.2m23.2m108.5m

Net Income

35.8m115.8m122.3m104.8m339.1m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

166.5m206.4m184.7m186.8m213.8m218.0m209.3m183.7m325.9m380.7m437.2m480.8m486.3m554.3m1.1b487.2m

Cost of goods sold

16.4m16.8m17.5m18.3m18.1m19.3m19.4m20.4m26.0m28.5m26.5m31.9m33.1m30.1m589.7m255.3m

Gross profit

150.0m189.6m167.1m168.5m195.7m198.6m189.9m163.3m299.9m352.2m410.6m448.9m453.2m524.2m537.7m231.9m

Gross profit Margin, %

90%92%90%90%92%91%91%89%92%93%94%93%93%95%48%48%

R&D expense

15.3m15.6m15.4m15.8m16.7m17.6m17.2m17.2m28.2m32.3m33.3m33.7m32.5m34.9m71.4m31.9m

General and administrative expense

33.2m34.6m32.2m32.4m30.9m33.3m33.4m34.0m71.4m70.4m74.2m72.0m71.8m82.9m159.5m70.8m

Operating expense total

48.4m50.2m47.7m48.2m47.5m50.8m50.6m51.2m99.6m102.7m107.5m105.7m104.4m117.8m230.9m102.7m

Depreciation and amortization

11.0m11.2m22.1m10.7m

EBIT

12.3m37.8m30.7m28.2m47.0m46.0m41.4m22.6m19.2m53.0m83.6m92.9m110.2m131.6m282.9m117.0m

EBIT margin, %

7%18%17%15%22%21%20%12%6%14%19%19%23%24%25%24%

Interest expense

13.0k17.0k12.0k5.0k37.0k38.0k57.0k8.8m7.0m7.2m5.4m9.4m3.7m

Interest income

221.0k252.0k243.0k399.0k541.0k828.0k778.0k1.2m516.0k507.0k873.0k1.1m2.6m1.5m

Pre tax profit

12.5m38.0m30.9m28.5m47.5m46.8m42.1m23.8m12.4m42.2m77.3m158.0m101.4m126.7m275.3m114.5m

Income tax expense

10.1m6.8m9.7m(573.0k)13.7m13.6m12.3m6.2m3.2m9.7m12.2m37.5m25.4m21.6m47.3m21.2m

Net Income

2.5m31.2m21.2m29.1m33.8m33.2m29.8m17.6m9.2m32.5m65.1m120.4m76.0m105.1m228.0m93.3m

MKS Instruments Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

288.9m305.4m227.6m228.6m333.8m

Accounts Receivable

116.7m106.4m101.9m248.8m300.3m

Inventories

142.7m155.2m152.6m275.9m339.1m

Current Assets

879.2m738.1m939.5m998.8m1.2b

PP&E

77.5m72.8m68.9m174.6m171.8m

Goodwill

150.9m192.4m199.7m588.6m591.0m

Total Assets

1.2b1.2b1.3b2.2b2.4b

Accounts Payable

40.1m34.2m23.2m69.3m82.5m

Short-term debt

11.0m3.0m

Current Liabilities

128.4m103.6m91.0m237.3m289.8m

Long-term debt

601.2m390.0m

Total Debt

612.2m393.0m

Total Liabilities

970.5m825.1m

Common Stock

113.0k113.0k

Additional Paid-in Capital

730.6m734.7m744.7m777.5m789.6m

Retained Earnings

279.0m349.1m427.2m494.7m795.7m

Total Equity

1.0b1.1b1.2b1.2b1.6b

Debt to Equity Ratio

0.5 x0.2 x

Debt to Assets Ratio

0.3 x0.2 x

Financial Leverage

1.2 x1.1 x1.1 x1.8 x1.5 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

254.8m287.1m262.8m295.5m178.3m195.1m357.9m354.3m366.9m255.9m422.8m306.0m

Accounts Receivable

98.1m119.5m101.5m106.3m124.6m116.0m113.5m234.0m243.9m267.2m268.5m280.3m

Inventories

136.1m147.5m155.9m153.9m165.6m168.1m151.7m278.4m279.0m285.5m304.7m319.5m365.7m384.9m399.1m

Current Assets

893.6m895.6m763.0m736.9m687.7m719.4m959.1m1.0b1.0b1.0b1.2b1.2b1.3b1.4b1.4b

PP&E

78.0m75.5m76.0m73.6m69.9m69.2m67.6m184.2m179.7m169.8m167.2m166.9m172.8m174.1m180.2m

Goodwill

150.7m151.1m193.1m193.1m200.2m199.6m200.0m592.6m594.6m590.5m586.9m589.1m593.5m588.7m587.9m

Total Assets

1.2b1.2b1.2b1.2b1.3b1.3b1.3b2.2b2.2b2.2b2.4b2.4b2.5b2.6b2.6b

Accounts Payable

27.3m35.4m26.7m30.8m34.1m26.3m28.1m61.5m68.4m70.5m73.3m77.8m92.4m87.7m81.5m

Short-term debt

12.7m11.5m10.6m9.8m4.0m

Current Liabilities

96.2m116.2m92.8m104.9m112.0m107.6m97.9m207.7m230.4m230.4m258.3m282.6m291.0m282.1m262.5m

Long-term debt

696.9m552.2m551.8m435.7m341.3m342.1m343.0m

Total Debt

709.6m11.5m562.9m561.7m439.8m341.3m342.1m343.0m

Total Liabilities

1.1b1.0b915.1m954.9m862.6m783.1m772.1m754.3m

Additional Paid-in Capital

726.0m732.7m726.8m730.1m739.6m741.4m745.8m765.4m770.4m783.4m779.1m782.6m791.2m793.4m786.1m

Retained Earnings

267.2m301.1m303.3m323.6m395.5m413.4m434.8m434.9m458.4m550.4m661.3m727.8m892.8m1.0b1.0b

Total Equity

1.0b1.0b1.0b1.1b1.1b1.1b1.2b1.2b1.2b1.3b1.4b1.5b1.7b1.8b1.8b

Debt to Equity Ratio

0.6 x0 x0.4 x0.4 x0.2 x0.2 x0.2 x

Debt to Assets Ratio

0.3 x0 x0.3 x0.2 x0.1 x0.1 x0.1 x

Financial Leverage

1.2 x1.2 x1.1 x1.2 x1.1 x1.1 x1.1 x1.9 x1.8 x1.7 x1.7 x1.6 x1.5 x1.4 x1.4 x

MKS Instruments Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

35.8m115.8m122.3m104.8m339.1m

Depreciation and Amortization

17.1m20.5m22.1m65.9m82.6m

Accounts Receivable

(36.0m)6.1m2.3m(58.1m)(44.1m)

Inventories

(30.0m)(21.0m)(14.5m)(13.8m)(72.5m)

Accounts Payable

23.2m(5.5m)(10.6m)16.2m11.4m

Cash From Operating Activities

76.1m101.9m138.3m180.1m355.2m

Purchases of PP&E

(12.4m)(13.2m)(12.4m)(19.1m)(31.3m)

Cash From Investing Activities

(36.5m)(24.8m)(167.4m)(727.0m)22.6m

Short-term Borrowings

(11.7m)(29.7m)

Long-term Borrowings

(153.4m)(228.1m)

Dividends Paid

(34.0m)(34.9m)(36.0m)(36.4m)(38.2m)

Cash From Financing Activities

(37.1m)(52.7m)(47.1m)554.3m(274.9m)

Net Change in Cash

(77.9m)1.0m105.1m

Interest Paid

60.0k44.0k34.0k20.8m20.5m

Income Taxes Paid

27.2m(32.7m)43.2m45.0m104.7m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

15.5m31.2m52.5m81.6m33.8m67.0m96.8m17.6m9.2m32.5m65.1m185.5m261.5m105.1m228.0m321.3m

Depreciation and Amortization

12.7m4.2m9.0m14.8m5.5m11.1m16.6m1.7m8.9m12.5m12.5m42.4m62.6m20.5m40.4m59.9m

Accounts Receivable

(17.7m)(2.8m)15.8m9.3m(19.0m)(18.8m)(11.4m)(15.9m)(26.5m)(37.3m)(42.5m)(23.1m)

Inventories

(17.9m)(7.4m)(11.8m)(14.5m)(12.8m)(18.5m)(25.2m)(34.1m)(51.3m)(28.2m)(59.5m)(80.4m)

Accounts Payable

10.5m(4.7m)(13.5m)(9.2m)3.6m(26.0k)(7.5m)28.1m61.5m68.4m70.5m2.9m7.1m9.3m5.6m(385.0k)

Cash From Operating Activities

41.8m9.9m27.8m67.7m19.6m58.2m95.6m175.5m274.4m72.8m182.4m278.3m

Purchases of PP&E

(9.2m)(3.1m)(7.3m)(9.4m)(2.5m)(5.3m)(8.8m)(9.7m)(17.9m)(9.4m)(21.8m)(36.9m)

Cash From Investing Activities

(42.7m)(2.0m)(15.9m)(8.7m)(121.1m)(162.7m)(170.3m)103.7m16.0m(617.0k)(16.5m)(47.5m)

Cash From Financing Activities

(30.7m)(10.1m)(37.8m)(46.0m)(10.4m)(22.5m)(35.7m)(86.2m)(216.4m)(67.1m)(74.9m)(167.5m)

Income Taxes Paid

3.9m(5.5m)(17.2m)(26.8m)2.0m6.4m10.5m21.9m15.6m8.8m(11.4m)(13.9m)

MKS Instruments Ratios

USDY, 2018

Revenue/Employee

99.0k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x
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MKS Instruments Operating Metrics

MKS Instruments's Backlog was reported to be $338m in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$93 m$338 m

Patents (Foreign)

696 696 1.02 k

Patents (US)

376 376 531

Patents Pending

77 77 103
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MKS Instruments Employee Rating

2.989 votes
Culture & Values
3.0
Work/Life Balance
3.5
Senior Management
3.1
Salary & Benefits
3.3
Career Opportunities
2.8
Source