National Instruments (NATI) Financials

$5.4 B

Mkt cap, 21-May-2018

$311.9 M

Revenue Q1, 2018
Gross profit (Q1, 2018)237.4 M
Gross profit margin (Q1, 2018), %76.1%
Net income (Q1, 2018)24.3 M
EBIT (Q1, 2018)28.1 M
Cash, 31-Mar-2018250.4 M

Revenue/Financials

Income Statement

Annual

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

Revenue

1.2 b1.2 b1.2 b1.2 b

Revenue growth, %

6%(1%)0%

Cost of goods sold

305.2 m318.1 m317 m313.1 m

Gross profit

867.3 m925.7 m908.5 m915.1 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

795.3 m

EBIT

98.6 m145.2 m137.2 m119.7 m

EBIT margin, %

8%12%11%10%

Interest income

679 k1.1 m1.4 m1.1 m

Pre tax profit

97.2 m144 m131.3 m114.6 m

Income tax expense

16.7 m17.7 m36 m31.9 m

Net Income

80.5 m126.3 m95.3 m82.7 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

301.8 m299.8 m287.2 m306.1 m306.4 m300.1 m318.6 m320.9 m311.9 m

Cost of goods sold

76.7 m77.2 m76.1 m77.5 m76.7 m76.5 m82.5 m83.8 m74.5 m

Gross profit

225.1 m222.6 m211 m228.6 m229.6 m223.6 m236.1 m237.2 m237.4 m

Gross profit Margin, %

75%74%73%75%75%75%74%74%76%

Sales and marketing expense

111.9 m114.5 m113.2 m116.4 m116.7 m117.3 m124.4 m116.7 m120.1 m

R&D expense

55.4 m52.5 m59.3 m59.8 m59.1 m58.3 m56.9 m56.5 m61.8 m

General and administrative expense

23.2 m23.3 m24.6 m25.1 m24.5 m25.7 m26.2 m26.5 m27.3 m

Operating expense total

190.4 m190.3 m197.2 m201.3 m200.3 m201.3 m207.5 m199.7 m209.2 m

EBIT

34.7 m32.4 m13.8 m27.3 m29.4 m22.3 m28.6 m37.5 m28.1 m

EBIT margin, %

11%11%5%9%10%7%9%12%9%

Interest income

341 k396 k253 k258 k276 k343 k509 k657 k1 m

Pre tax profit

34.5 m33.2 m12.3 m26.3 m29.2 m23.2 m29.4 m38.1 m29.6 m

Income tax expense

(774 k)9.5 m10 m3 m6.5 m4.7 m5 m4.2 m4.7 m5.3 m

Net Income

18.7 m24.5 m39.7 m15 m24.9 m23.2 m9.3 m19.8 m24.5 m18.1 m25.2 m33.4 m24.3 m

Balance Sheet

Annual

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

Cash

230.3 m274 m251.1 m285.3 m

Accounts Receivable

180.7 m202.3 m216.2 m228.7 m

Inventories

49 m70.1 m65.4 m193.6 m

Current Assets

828.6 m947.8 m799.7 m834.6 m

PP&E

260.6 m264.1 m257.9 m260.5 m

Goodwill

146.5 m144.3 m257.7 m253.2 m

Total Assets

1.3 b1.5 b1.5 b1.5 b

Accounts Payable

56.6 m58.6 m51 m48.8 m

Current Liabilities

225.4 m247.7 m240.2 m260.1 m

Long-term debt

37 m25 m

Total Debt

25 m

Total Liabilities

382.3 m

Additional Paid-in Capital

604.3 m662.9 m717.7 m771.3 m

Retained Earnings

414.9 m465 m400.8 m376.2 m

Total Equity

1 b1.1 b1.1 b1.1 b

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.3 x1.3 x1.3 x1.3 x

Quarterly

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

Cash

190.2 m240.7 m237.5 m259.5 m239.5 m232.8 m229.2 m265.4 m285.3 m300.7 m279 m263.2 m294.2 m250.4 m

Accounts Receivable

182.7 m181.5 m210.8 m187.7 m191 m205.6 m185.7 m207.3 m222.2 m206.2 m224.3 m231 m235.2 m242.3 m

Inventories

178.9 m170.3 m167.3 m170.9 m178 m187.4 m190 m192.1 m194.6 m196.4 m194.9 m186.2 m184.6 m193.3 m

Current Assets

798.6 m849 m885.2 m906.5 m916.2 m926.7 m879 m793.5 m820.7 m810.8 m830.5 m838.1 m855.6 m915.8 m

PP&E

263 m262.5 m263.7 m261.6 m263.3 m264.1 m260.8 m257 m257.9 m261.9 m260.2 m256.8 m254.9 m248.8 m

Goodwill

147.3 m146.5 m146.4 m145 m167 m167.5 m169.8 m262.9 m260.2 m261.4 m254.5 m261.4 m265.1 m269.6 m

Total Assets

1.3 b1.4 b1.4 b1.4 b1.4 b1.5 b1.4 b1.5 b1.5 b1.5 b1.5 b1.5 b1.5 b1.6 b

Accounts Payable

54.6 m62.8 m64 m61.9 m57.7 m57.3 m53.8 m54.3 m50.7 m53.2 m55.9 m54.2 m51.3 m52.9 m

Current Liabilities

231.2 m233.1 m250.5 m249.5 m235.1 m243.8 m235.9 m255.1 m254.2 m255.9 m263.5 m255.2 m265.4 m276 m

Long-term debt

25 m25 m40 m25 m25 m25 m15 m

Total Debt

25 m25 m40 m25 m25 m25 m15 m

Total Liabilities

330.4 m327.9 m347.2 m333.6 m328.1 m336.6 m353.7 m367.8 m382.1 m365.5 m376.2 m367.3 m367.3 m441.9 m

Additional Paid-in Capital

586.4 m621.2 m635.6 m649.8 m680.2 m693.1 m694.8 m731 m744.8 m758.4 m785.7 m800.8 m816.2 m846.7 m

Retained Earnings

400.8 m414.8 m420.2 m440.8 m455.7 m449 m395.2 m380.9 m374.2 m372.9 m361.3 m359.1 m365 m316 m

Total Equity

991.2 m1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.2 b1.1 b

Financial Leverage

1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.4 x1.3 x1.3 x1.3 x1.3 x1.4 x

Cash Flow

Annual

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

Net Income

80.5 m126.3 m95.3 m82.7 m

Depreciation and Amortization

68 m70.2 m73.3 m73.4 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 m195.1 m162.6 m195.8 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 k144 k287 k520 k

Income Taxes Paid

10.5 m28 m29 m2.9 m

Free Cash Flow

217.3 m240.1 m196.6 m151.4 m

Quarterly

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

Net Income

48.8 m18.7 m43.2 m82.9 m15 m39.9 m63.1 m9.3 m29.1 m53.6 m18.1 m43.3 m76.7 m24.3 m

Depreciation and Amortization

50.9 m17 m33.4 m51 m17.9 m36.5 m55.2 m19.4 m38.2 m55.2 m18.7 m35.9 m54.8 m17.4 m

Accounts Receivable

4.8 m(865 k)(30.1 m)(7 m)11.8 m(2.7 m)17.2 m8.9 m(6 m)10.1 m

Inventories

(8.4 m)1.9 m4.8 m1.2 m(2.8 m)(12.2 m)(14.8 m)(6.9 m)(9.4 m)(11.2 m)

Accounts Payable

(10.6 m)6.2 m7.4 m5.3 m(1.7 m)(2.1 m)(5.6 m)3.4 m(246 k)2.2 m

Cash From Operating Activities

94.7 m46.1 m68.4 m140.7 m26.4 m50.8 m120.5 m48.6 m83.7 m153.1 m46.7 m84.8 m147.5 m40 m

Cash From Investing Activities

(36.2 m)(26.9 m)(41.4 m)(80.1 m)(44 m)(50 m)(66.5 m)399 k(10.9 m)(31.5 m)(36.3 m)(73.5 m)(77.1 m)(60.8 m)

Dividends Paid

(52.2 m)(18.9 m)(38 m)(57.1 m)(24.3 m)(48.9 m)(73.4 m)(25.6 m)(51.3 m)(77.1 m)(27.2 m)(54.6 m)(82.1 m)(30.2 m)

Cash From Financing Activities

(30.3 m)(8.8 m)(19.8 m)(31.4 m)(16.9 m)(42.1 m)(98.8 m)(34.7 m)(38.6 m)(72.1 m)(19.4 m)(39.2 m)(69.2 m)(21.6 m)

Free Cash Flow

53.9 m34.2 m46.3 m110.1 m16.1 m30.2 m92.4 m39.4 m62.7 m118.7 m35.9 m69.1 m123.4 m31.9 m

Ratios

USDY, 2018

Financial Leverage

1.4 x
Report incorrect company information

Operating Metrics

National Instruments's Patent Applications was reported to be 137 in FY, 2016. National Instruments's Customers was reported to be 35 k in FY, 2016. National Instruments's Users was reported to be 300 k in Q1, 2017.
FY, 2014FY, 2015FY, 2016Q1, 2017

Countries

50 50 50 50

Customers

35 k35 k35 k

Partners

1 k

Patent Applications

179 170 137

Patents (US)

822 852 858

Patents (foreign)

25 32 45

Service Centers

30

Users

300 k
Report incorrect company information