National Instruments was founded in 1976 and is headquartered in Austin, US

National Instruments has an office in Austin

Austin, US (HQ)

11500 N Mopac Expy

National Instruments's revenue was reported to be $1.2 b in FY, 2016 which is a **0% increase** from the previous period.

USD

## Revenue (FY, 2016) | 1.2 b |

## Revenue growth (FY, 2015 - FY, 2016), % | 0% |

## Gross profit (FY, 2016) | 915.1 m |

## Gross profit margin (FY, 2016), % | 75% |

## Net income (FY, 2016) | 82.7 m |

## EBIT (FY, 2016) | 119.7 m |

## Market capitalization (20-Jul-2017) | 5.5 b |

## Closing share price (20-Jul-2017) | 42.6 |

## Cash (31-Dec-2016) | 285.3 m |

## EV | 5.2 b |

National Instruments's current market capitalization is $5.5 b.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 1.2 b | 1.2 b | 1.2 b | 1.2 b |

## Revenue growth, % | 6% | (1%) | 0% | |

## Cost of goods sold | 305.2 m | 318.1 m | 317 m | 313.1 m |

## Gross profit | 867.3 m | 925.7 m | 908.5 m | 915.1 m |

## Gross profit Margin, % | 74% | 74% | 74% | 75% |

## Sales and marketing expense | 461.2 m | |||

## R&D expense | 235.7 m | |||

## General and administrative expense | 98.4 m | |||

## Operating expense total | 768.7 m | 780.5 m | 771.3 m | 795.3 m |

## EBIT | 98.6 m | 145.2 m | 137.2 m | 119.7 m |

## EBIT margin, % | 8% | 12% | 11% | 10% |

## Interest income | 679 k | 1.1 m | 1.4 m | 1.1 m |

## Pre tax profit | 97.2 m | 144 m | 131.3 m | 114.6 m |

## Income tax expense | 16.7 m | 17.7 m | 36 m | 31.9 m |

## Net Income | 80.5 m | 126.3 m | 95.3 m | 82.7 m |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 230.3 m | 274 m | 251.1 m | 285.3 m |

## Accounts Receivable | 180.7 m | 202.3 m | 216.2 m | 228.7 m |

## Inventories | 49 m | 70.1 m | 65.4 m | 193.6 m |

## Current Assets | 828.6 m | 947.8 m | 799.7 m | 834.6 m |

## PP&E | 260.6 m | 264.1 m | 257.9 m | 260.5 m |

## Goodwill | 146.5 m | 144.3 m | 257.7 m | 253.2 m |

## Total Assets | 1.3 b | 1.5 b | 1.5 b | 1.5 b |

## Accounts Payable | 56.6 m | 58.6 m | 51 m | 48.8 m |

## Total Debt | 25 m | |||

## Current Liabilities | 225.4 m | 247.7 m | 240.2 m | 260.1 m |

## Total Liabilities | 382.3 m | |||

## Additional Paid-in Capital | 604.3 m | 662.9 m | 717.7 m | 771.3 m |

## Retained Earnings | 414.9 m | 465 m | 400.8 m | 376.2 m |

## Total Equity | 1 b | 1.1 b | 1.1 b | 1.1 b |

## Debt to Equity Ratio | 0 x | |||

## Debt to Assets Ratio | 0 x | |||

## Financial Leverage | 1.3 x | 1.3 x | 1.3 x | 1.3 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 80.5 m | 126.3 m | 95.3 m | 82.7 m |

## Depreciation and Amortization | 68 m | 70.2 m | 73.3 m | 73.4 m |

## Accounts Receivable | 6.8 m | (22 m) | (12 m) | (12.4 m) |

## Inventories | (1.6 m) | (943 k) | (8.4 m) | (8.4 m) |

## Accounts Payable | (8.6 m) | 2 m | (9 m) | (2.2 m) |

## Cash From Operating Activities | 169.5 m | 195.1 m | 162.6 m | 195.8 m |

## Capital Expenditures | (47.8 m) | (44.9 m) | (34 m) | (44.4 m) |

## Cash From Investing Activities | (57.8 m) | (107.6 m) | (78.4 m) | (70.5 m) |

## Dividends Paid | (69.8 m) | (76.3 m) | (97.6 m) | (102.9 m) |

## Cash From Financing Activities | (43.4 m) | (43.8 m) | (107.1 m) | (91.2 m) |

## Interest Paid | 110 k | 144 k | 287 k | 520 k |

## Income Taxes Paid | 10.5 m | 28 m | 29 m | 2.9 m |

## Free Cash Flow | 217.3 m | 240.1 m | 196.6 m | 151.4 m |

Y, 2016 | |
---|---|

## EV/EBIT | 43.8 x |

## EV/CFO | 26.8 x |

## EV/FCF | 34.7 x |

## Financial Leverage | 1.3 x |

National Instruments's Users was reported to be 300 k in Q1, 2017. National Instruments's Customers was reported to be 35 k in FY, 2016. National Instruments's Patent Applications was reported to be 137 in FY, 2016, which is a 19% decrease from the previous period

Source: 257 public H-1B filings from National Instruments