Veeco (VECO) stock price, revenue, and financials

Veeco market cap is $1.1 b, and annual revenue was $454.16 m in FY 2020

$1.1 B

VECO Mkt cap, 01-Mar-2021

$454.2 M

Veeco Revenue FY, 2020
Veeco Gross profit (FY, 2020)194.3 M
Veeco Gross profit margin (FY, 2020), %42.8%
Veeco Net income (FY, 2020)-8.4 M
Veeco EBIT (FY, 2020)22.6 M
Veeco Cash, 31-Dec-2020129.6 M
Veeco EV1.3 B

Veeco Revenue

Veeco revenue was $454.16 m in FY, 2020

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Veeco Revenue Breakdown

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Veeco revenue breakdown by business segment: 52.4% from Lighting, Display & Power Electronics, 14.3% from Advanced Packaging, MEMS & RF, 24.9% from Scientific & Industrial and 8.4% from Front-End Semiconductor

Veeco revenue breakdown by geographic segment: 42.4% from Rest of World, 22.2% from China , 19.6% from United States and 15.8% from EMEA

Veeco Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

979.1m516.0m331.7m392.9m477.0m332.5m484.8m542.1m419.3m454.2m

Revenue growth, %

(36%)18%21%(30%)46%

Cost of goods sold

504.8m300.9m228.6m258.0m299.8m199.6m300.4m348.4m261.2m259.9m

Gross profit

474.3m215.1m103.1m134.9m177.2m132.9m184.3m193.7m158.2m194.3m

Gross profit Margin, %

48%42%31%34%37%40%38%36%38%43%

Sales and marketing expense

1.4m

R&D expense

96.6m95.2m81.0m82.0m97.8m90.6m79.0m

General and administrative expense

95.1m73.1m100.3m92.1m79.7m76.3m

Operating expense total

198.1m177.9m81.0m212.6m609.2m197.8m171.7m

Depreciation and amortization

4.9m35.5m32.4m17.1m15.3m

EBIT

276.3m37.2m(71.8m)(79.2m)(23.2m)(120.4m)(63.8m)(415.5m)(39.6m)22.6m

EBIT margin, %

28%7%(22%)(20%)(5%)(36%)(13%)(77%)(9%)5%

Interest expense

4.6m974.0k598.0k715.0k464.0k222.0k19.5m

Interest income

3.8m2.5m602.0k1.6m1.1m1.2m2.3m3.2m4.7m1.6m

Pre tax profit

272.1m38.2m(71.2m)(78.4m)(22.6m)(119.4m)(80.9m)(433.8m)(78.0m)(8.5m)

Income tax expense

81.6m11.7m(28.9m)(11.4m)9.3m2.8m(36.1m)(26.7m)777.0k(73.0k)

Net Income

128.0m30.9m(42.3m)(66.9m)(32.0m)(122.2m)(44.8m)(407.1m)(78.7m)(8.4m)

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

254.7m264.8m268.0m139.9m136.5m132.7m61.8m97.4m99.3m90.8m95.1m93.3m98.3m131.4m140.7m78.0m75.3m85.5m94.4m115.1m131.9m158.6m316.4m126.8m99.4m97.8m109.0m104.5m98.6m112.1m

Cost of goods sold

125.3m164.7m143.0m74.6m75.3m82.8m39.2m62.8m69.0m57.1m64.4m60.8m63.2m82.3m86.5m46.1m43.9m52.0m60.2m76.3m78.8m101.9m204.3m80.4m64.7m61.5m66.7m58.1m56.7m62.9m

Gross profit

129.3m100.1m124.9m65.3m61.3m49.9m22.6m34.6m30.3m33.8m30.7m32.6m35.1m49.1m54.3m32.0m31.4m33.5m34.2m38.7m53.1m56.7m112.1m46.4m34.7m36.3m42.2m46.4m41.9m49.1m

Gross profit Margin, %

51%38%47%47%45%38%37%36%31%37%32%35%36%37%39%41%42%39%36%34%40%36%35%37%35%37%39%44%42%44%

R&D expense

24.6m28.8m26.4m23.3m23.9m25.8m20.7m20.9m19.0m19.8m21.0m20.0m18.6m20.1m19.2m22.1m21.5m19.9m15.0m18.6m24.3m49.3m23.5m23.3m22.9m22.6m19.2m19.3m19.1m

General and administrative expense

23.9m28.8m23.6m19.8m20.9m13.9m19.6m19.8m19.7m21.7m21.9m21.7m20.2m19.9m19.8m21.0m18.3m17.8m19.4m

Operating expense total

49.7m76.4m51.1m44.3m46.1m42.4m42.2m41.5m40.2m44.7m46.6m50.0m18.6m20.1m19.2m22.1m21.5m19.9m15.0m18.6m24.3m49.3m50.3m48.9m47.5m49.6m41.9m41.5m42.2m

Depreciation and amortization

13.5m23.9m4.2m4.2m4.2m4.3m3.8m3.8m3.8m

EBIT

79.7m23.7m73.9m20.9m15.1m7.5m(19.6m)(6.8m)(9.9m)18.6m(15.8m)(17.5m)(15.8m)(4.0m)6.6m(15.3m)(31.3m)(68.7m)(5.8m)(27.0m)(18.9m)(11.4m)(272.6m)(3.9m)(14.1m)(11.2m)(7.4m)4.6m409.0k7.0m

EBIT margin, %

31%9%28%15%11%6%(32%)(7%)(10%)21%(17%)(19%)(16%)(3%)5%(20%)(41%)(80%)(6%)(23%)(14%)(7%)(86%)(3%)(14%)(11%)(7%)4%0%6%

Interest expense

86.0k244.0k203.0k329.0k176.0k164.0k72.0k305.0k126.0k124.0k95.0k38.0k105.0k23.0k4.1m5.1m5.1m5.2m10.5m

Interest income

176.0k164.0k72.0k305.0k287.0k243.0k256.0k306.0k290.0k283.0k793.0k782.0k357.0k624.0k1.4m823.0k1.2m1.3m1.2m800.0k427.0k231.0k

Pre tax profit

78.1m20.5m74.1m21.1m15.4m7.6m(19.4m)(6.6m)(9.7m)18.8m(15.7m)(17.2m)(15.7m)(3.9m)6.7m(15.0m)(31.1m)(68.5m)(9.2m)(31.3m)(23.7m)(16.1m)(281.7m)(8.7m)(18.3m)(15.4m)(11.7m)(299.0k)(8.3m)791.0k

Income tax expense

25.0m1.3m21.5m4.7m4.4m1.3m(9.4m)(369.0k)(488.0k)(3.2m)3.4m4.5m1.4m528.0k1.0m1.1m(10.3m)(12.9m)(1.8m)(230.0k)(28.3m)301.0k190.0k145.0k100.0k300.0k51.0k211.0k

Net Income

52.6m19.2m35.9m16.4m11.8m11.8m(10.1m)(4.1m)(6.0m)19.2m(15.2m)(14.0m)(19.1m)(8.4m)5.3m(15.5m)(32.1m)(69.6m)1.1m(18.4m)(21.9m)(15.8m)(253.5m)(9.0m)(18.5m)(15.6m)(11.8m)(567.0k)(8.3m)580.0k

Veeco Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

217.9m384.6m210.8m270.8m269.2m277.4m279.7m212.3m129.3m129.6m

Accounts Receivable

95.0m63.2m23.8m60.1m49.5m58.0m98.9m66.8m45.7m80.0m

Prepaid Expenses

40.8m32.2m22.2m15.0m19.3m

Inventories

113.4m59.8m59.7m61.5m77.5m77.1m120.3m156.3m133.1m145.9m

Current Assets

754.5m744.5m613.6m555.7m542.1m501.5m597.0m520.1m475.9m586.9m

PP&E

86.1m98.3m89.1m78.8m79.6m60.6m85.1m80.3m75.7m65.3m

Goodwill

55.8m55.8m91.3m115.0m114.9m114.9m307.1m184.3m181.9m181.9m

Total Assets

936.1m937.3m948.0m929.5m890.8m758.5m1.4b900.8m818.1m898.1m

Accounts Payable

40.4m26.1m35.8m18.1m30.1m22.6m50.3m39.6m21.3m33.7m

Short-term debt

248.0k268.0k290.0k314.0k340.0k368.0k

Current Liabilities

167.5m112.3m128.2m168.4m162.2m143.5m223.5m160.1m118.2m146.7m

Long-term debt

2.4m4.5m1.8m1.5m1.2m826.0k275.6m287.4m310.4m327.4m

Total Debt

2.7m2.4m2.1m1.8m1.5m1.2m275.6m287.4m310.4m327.4m

Total Liabilities

126.1m163.9m546.6m463.0m443.6m489.7m

Common Stock

435.0k393.0k407.0k482.0k485.0k490.0k497.0k

Additional Paid-in Capital

688.4m708.7m721.4m750.1m767.1m763.3m1.1b1.1b1.1b1.1b

Retained Earnings

265.3m96.1m53.9m(13.1m)(45.1m)(168.6m)(213.4m)(620.0m)(698.9m)(707.3m)

Total Equity

760.5m811.2m780.2m738.9m714.6m594.6m840.7m437.8m374.5m408.4m

Debt to Equity Ratio

0 x0 x0 x0 x0 x0.3 x0.7 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0.2 x0.3 x

Financial Leverage

1.2 x1.2 x1.2 x1.3 x1.2 x1.3 x1.7 x2.1 x2.2 x2.2 x

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

276.8m197.7m213.2m275.3m317.0m387.0m223.1m241.5m247.7m214.7m232.3m264.0m303.1m313.9m334.1m243.7m257.6m274.0m423.7m205.6m235.3m245.5m196.4m213.5m169.4m161.7m135.3m162.3m188.2m147.6m

Accounts Receivable

94.0m128.0m115.2m90.3m95.1m60.3m42.9m44.7m37.8m50.7m58.3m61.6m64.3m83.1m46.8m56.1m41.7m50.5m51.4m108.3m113.8m108.2m133.8m90.8m74.9m58.9m72.7m84.3m67.3m80.2m

Prepaid Expenses

69.9m60.1m27.9m28.6m23.4m24.9m26.4m23.8m16.4m18.5m15.9m

Inventories

121.3m113.3m127.5m103.3m90.7m74.4m67.7m64.1m57.6m52.1m48.4m46.6m57.2m63.6m70.0m77.2m90.8m86.7m64.7m119.9m113.7m131.0m145.9m149.8m148.1m139.7m135.2m129.6m136.6m143.5m

Current Assets

1.0b953.2m761.0m758.1m764.5m758.2m742.3m744.0m715.8m625.2m633.6m658.0m574.7m605.8m563.5m517.5m497.4m508.4m822.4m560.3m602.6m583.4m575.7m540.9m498.8m491.5m486.3m500.5m538.4m572.5m

PP&E

49.0m62.4m76.2m92.0m97.1m80.3m80.0m80.5m80.2m63.0m57.6m63.7m82.5m83.1m79.3m80.6m77.7m80.8m77.8m72.3m69.2m65.8m

Goodwill

52.0m67.1m56.3m55.8m55.8m55.8m55.8m55.8m55.8m91.3m91.5m91.5m115.0m115.3m114.9m114.9m114.9m114.9m114.9m303.2m308.5m307.1m307.1m307.1m184.3m184.3m184.3m181.9m181.9m181.9m

Total Assets

1.2b1.1b934.2m944.4m950.0m954.6m935.9m938.1m909.1m954.6m957.1m956.4m942.1m965.9m918.7m861.8m819.2m765.1m1.1b1.4b1.4b1.4b1.1b1.1b885.6m875.9m862.3m832.9m865.1m889.6m

Accounts Payable

38.7m60.0m44.8m38.2m32.7m35.4m32.5m46.9m28.3m28.3m27.8m26.1m41.1m46.2m25.1m30.6m34.9m27.5m30.7m46.0m53.7m58.3m65.1m65.0m36.3m21.7m34.7m36.4m26.0m33.8m

Short-term debt

95.0m238.0k243.0k253.0k258.0k263.0k274.0k279.0k285.0k296.0k302.0k308.0k320.0k327.0k333.0k347.0k354.0k361.0k375.0k1.0m368.0k

Current Liabilities

336.2m268.8m195.7m156.6m145.1m129.8m118.8m123.8m97.9m113.5m128.0m139.4m196.1m222.3m164.1m157.1m136.8m147.8m132.8m172.7m231.3m208.6m195.6m171.7m150.0m149.2m142.0m128.5m127.5m146.9m

Long-term debt

2.6m2.5m2.5m2.3m2.3m2.2m2.1m2.0m1.9m1.8m1.7m1.6m1.5m1.4m1.3m1.1m1.0m920.0k268.1m270.1m272.8m278.5m281.4m284.4m298.9m300.8m302.9m312.7m326.3m327.6m

Total Debt

97.6m2.8m2.7m2.6m2.5m2.5m2.3m2.3m2.2m2.1m2.0m1.9m1.8m1.7m1.6m1.5m1.4m1.3m268.5m271.1m273.2m278.5m281.4m284.4m290.5m293.6m296.8m312.7m326.3m327.6m

Total Liabilities

137.4m132.8m137.8m111.8m142.1m155.6m164.3m218.3m245.6m188.8m171.3m156.9m168.3m416.6m500.2m561.4m534.1m494.2m472.5m463.8m464.8m459.8m455.8m469.7m491.5m

Common Stock

436.0k385.0k486.0k487.0k490.0k489.0k494.0k497.0k496.0k

Additional Paid-in Capital

692.0m697.3m705.1m711.5m713.5m716.4m734.2m738.4m743.2m754.1m759.0m763.4m772.0m759.6m762.0m831.8m1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b

Retained Earnings

281.7m93.4m105.2m86.1m82.0m75.9m73.0m57.8m43.8m(32.2m)(40.6m)(35.3m)(61.9m)(94.0m)(163.6m)(167.5m)(185.9m)(207.8m)(228.7m)(466.3m)(475.3m)(638.7m)(654.3m)(666.1m)(699.5m)(707.8m)(707.2m)

Total Equity

823.9m848.8m735.3m780.0m797.3m817.2m803.1m800.3m797.3m812.4m801.4m792.1m723.8m720.3m729.9m690.5m662.2m596.7m665.0m869.5m845.5m828.0m593.9m578.1m421.8m411.0m402.5m377.1m395.3m398.1m

Debt to Equity Ratio

0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0.4 x0.3 x0.3 x0.3 x0.5 x0.5 x0.7 x0.7 x0.7 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0.2 x0.2 x0.2 x0.2 x0.3 x0.3 x0.3 x0.3 x0.3 x

Financial Leverage

1.4 x1.3 x1.3 x1.2 x1.2 x1.2 x1.2 x1.2 x1.1 x1.2 x1.2 x1.2 x1.3 x1.3 x1.3 x1.2 x1.2 x1.3 x1.6 x1.6 x1.7 x1.6 x1.8 x1.8 x2.1 x2.1 x2.1 x2.2 x2.2 x2.2 x

Veeco Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

128.0m30.9m(42.3m)(66.9m)(32.0m)(122.2m)(44.8m)(407.1m)(78.7m)(8.4m)

Depreciation and Amortization

12.9m16.2m18.4m24.6m27.6m19.2m50.1m50.0m34.4m30.7m

Accounts Receivable

56.8m31.2m38.8m(25.0m)10.7m(8.7m)4.5m

Inventories

(19.4m)53.9m2.8m(2.2m)(39.0k)6.7m6.3m(24.7m)15.0m(11.5m)

Accounts Payable

8.1m(12.1m)7.5m(5.5m)9.5m(24.2m)12.2m(19.7m)(26.9m)16.0m

Cash From Operating Activities

115.4m112.0m727.0k42.1m15.8m(23.8m)34.1m(37.7m)(7.4m)43.0m

Purchases of PP&E

(60.4m)(25.0m)(12.7m)(10.9m)(6.8m)

Capital Expenditures

(9.2m)(15.6m)(13.9m)(11.5m)(24.3m)

Cash From Investing Activities

106.3m48.3m(168.1m)8.1m(7.1m)46.7m(357.8m)(18.3m)(75.9m)(71.8m)

Long-term Borrowings

(105.8m)(248.0k)(269.0k)(290.0k)(314.0k)(340.0k)(1.2m)

Cash From Financing Activities

(249.9m)5.6m(5.8m)9.7m(10.2m)(14.6m)325.9m(11.5m)126.0k29.1m

Net Change in Cash

(27.2m)166.6m2.3m(67.5m)(83.1m)332.0k

Interest Paid

1.4m209.0k357.0k159.0k485.0k225.0k4.7m9.7m9.4m12.7m

Income Taxes Paid

89.7m11.6m8.0m3.3m7.1m1.7m1.9m4.8m2.9m329.0k

Free Cash Flow

(8.4m)26.5m1.9m(35.3m)9.9m

Quarterly

USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

52.6m71.8m107.7m16.4m28.2m11.8m(10.1m)(4.1m)(6.0m)19.2m3.9m(14.0m)(19.1m)(27.5m)(22.2m)(15.5m)(47.6m)(117.2m)1.1m(17.3m)(21.9m)(15.8m)(253.5m)(262.4m)(18.5m)(34.1m)(45.9m)(567.0k)(8.9m)(8.3m)

Depreciation and Amortization

3.3m7.0m9.3m3.7m7.8m11.6m10.7m21.7m30.8m8.6m17.3m26.0m5.8m15.6m17.7m32.3m41.1m8.8m17.3m25.8m7.7m15.4m23.0m

Accounts Receivable

55.9m23.8m36.2m5.1m7.0k(32.7m)(4.2m)(22.7m)13.5m(7.0m)7.6m(1.2m)6.5m(5.0m)113.8m

Inventories

(12.8m)(26.1m)(32.6m)10.6m22.9m12.1m113.7m(17.7m)8.5m8.5m17.9m2.4m(4.5m)(10.3m)

Accounts Payable

6.5m27.7m12.5m(2.2m)(7.8m)(8.0m)11.2m19.0m368.0k(2.2m)(9.2m)(14.0m)642.0k(7.1m)53.7m2.0m11.8m(4.0m)(12.3m)(26.0m)(16.0m)14.5m5.8m11.1m

Cash From Operating Activities

74.9m75.3m60.1m41.9m60.6m(16.8m)4.3m12.0m21.9m(18.8m)(31.1m)(24.3m)6.3m(9.6m)15.3m(11.8m)(57.4m)(39.4m)(22.3m)(8.1m)(23.0m)(2.4m)17.6m27.6m

Purchases of PP&E

(9.4m)(31.3m)(47.5m)(8.5m)(16.6m)(5.8m)(2.2m)(6.4m)(8.2m)(1.1m)(2.0m)(3.3m)

Capital Expenditures

(4.5m)(4.8m)(7.5m)(11.1m)(4.0m)(9.2m)(10.7m)(4.2m)(10.1m)(17.4m)(2.3m)(3.8m)

Cash From Investing Activities

(41.6m)(24.8m)158.1m16.3m37.4m31.0m28.1m31.3m42.6m6.7m33.2m42.7m(195.9m)(393.1m)(386.8m)(22.6m)(23.8m)(15.4m)(20.9m)(42.0m)(54.0m)35.2m10.9m(39.9m)

Long-term Borrowings

(7.5m)(105.7m)(105.7m)(60.0k)(121.0k)(141.0k)(76.0k)(153.0k)(233.0k)(82.0k)(166.0k)(252.0k)(180.0k)(1.2m)

Cash From Financing Activities

(2.4m)(99.7m)(252.2m)473.0k1.7m7.1m(83.0k)(176.0k)(1.0m)(13.5m)(13.7m)(13.6m)335.8m330.8m329.3m117.0k(2.0m)(11.5m)379.0k(457.0k)(162.0k)276.0k30.5m30.6m

Net Change in Cash

31.7m(47.5m)(31.9m)57.4m99.1m(66.2m)(42.8m)(50.6m)(77.1m)33.0m58.9m18.3m

Interest Paid

36.0k71.0k104.0k39.0k103.0k179.0k31.0k65.0k4.7m4.7m4.7m9.7m4.7m4.7m9.4m4.7m5.5m9.0m

Income Taxes Paid

544.0k2.6m6.0m966.0k1.3m1.5m672.0k1.4m1.8m2.4m3.6m4.3m2.3m2.6m2.8m293.0k66.0k248.0k

Free Cash Flow

(21.3m)(493.0k)4.4m10.8m(22.8m)(40.3m)(35.0m)2.1m(19.6m)(2.1m)(14.1m)(61.2m)

Veeco Ratios

USDQ1, 2011

Financial Leverage

1.4 x

Veeco Operating Metrics

Veeco's Backlog was reported to be $209.2m in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$286.70 m$186 m$209.20 m

Countries

10 10

Facilities

16 14 12

Manufacturing Facilities

7 7 5

Patents Issued

300 300 300

Veeco Employee Rating

3.8165 votes
Culture & Values
3.4
Work/Life Balance
3.4
Senior Management
2.9
Salary & Benefits
3.6
Career Opportunities
3.3
Source