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10-Q Filing

MKS INC CIK: 1049502 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001193125-17-163684
Period End Date 20170331
Filing Date 20170509
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance mksi-20170331.xml
Filing Contents
Balance Sheet 85 line items
Line Item Tag Value Unit Period
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $228.62M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $255.91M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $357.86M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $227.57M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $5.27M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $5.29M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Short-term investments ShortTermInvestments $189.46M USD Point-in-time
Short-term investments ShortTermInvestments $155.30M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, par value CommonStockNoParValue - USD Point-in-time
Common stock, par value CommonStockNoParValue - USD Point-in-time
Trade accounts receivable, net AccountsReceivableNetCurrent $267.25M USD Point-in-time
Trade accounts receivable, net AccountsReceivableNetCurrent $248.76M USD Point-in-time
Inventories, net InventoryNet $275.87M USD Point-in-time
Inventories, net InventoryNet $285.52M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 200.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 53.67M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 53.89M shares Point-in-time
Other current assets OtherAssetsCurrent $52.27M USD Point-in-time
Other current assets OtherAssetsCurrent $50.77M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 53.67M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 53.89M shares Point-in-time
Total current assets AssetsCurrent $1.02B USD Point-in-time
Total current assets AssetsCurrent $998.77M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $174.56M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $169.83M USD Point-in-time
Goodwill Goodwill $588.59M USD Point-in-time
Goodwill Goodwill $590.50M USD Point-in-time
Goodwill Goodwill $199.70M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $408.00M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $396.41M USD Point-in-time
Long-term investments LongTermInvestments $9.93M USD Point-in-time
Long-term investments LongTermInvestments $9.86M USD Point-in-time
Other assets OtherAssetsNoncurrent $32.47M USD Point-in-time
Other assets OtherAssetsNoncurrent $32.35M USD Point-in-time
Total assets Assets $2.21B USD Point-in-time
Total assets Assets $2.22B USD Point-in-time
Short-term borrowings and current portion of long-term debt DebtCurrent $10.99M USD Point-in-time
Short-term borrowings and current portion of long-term debt DebtCurrent $10.62M USD Point-in-time
Accounts payable AccountsPayableCurrent $70.49M USD Point-in-time
Accounts payable AccountsPayableCurrent $69.34M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $67.73M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $50.03M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $22.79M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $27.47M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $16.20M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $14.46M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $55.58M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $51.98M USD Point-in-time
Total current liabilities LiabilitiesCurrent $237.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $230.40M USD Point-in-time
Long-term debt LongTermDebt $552.23M USD Point-in-time
Long-term debt LongTermDebt $601.23M USD Point-in-time
Non-current deferred taxes DeferredTaxLiabilitiesNoncurrent $64.22M USD Point-in-time
Non-current deferred taxes DeferredTaxLiabilitiesNoncurrent $66.45M USD Point-in-time
Non-current accrued compensation EmployeeRelatedLiabilitiesCurrentAndNoncurrent $46.20M USD Point-in-time
Non-current accrued compensation EmployeeRelatedLiabilitiesCurrentAndNoncurrent $44.71M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $22.09M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $20.76M USD Point-in-time
Total liabilities Liabilities $915.14M USD Point-in-time
Total liabilities Liabilities $970.45M USD Point-in-time
Commitments and contingencies (Note 18) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 18) CommitmentsAndContingencies - USD Point-in-time
Preferred Stock, $0.01 par value per share, 2,000,000 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred Stock, $0.01 par value per share, 2,000,000 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Common Stock, no par value, 200,000,000 shares authorized; 53,886,862 and 53,672,861 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively CommonStockValue $113.00K USD Point-in-time
Common Stock, no par value, 200,000,000 shares authorized; 53,886,862 and 53,672,861 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively CommonStockValue $113.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $783.37M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $777.48M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $494.74M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $550.38M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-30.55M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-28.46M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.24B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.31B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $2.22B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $2.21B USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Products SalesRevenueGoodsNet $392.92M USD 1 Quarter
Products SalesRevenueGoodsNet $153.62M USD 1 Quarter
Services SalesRevenueServicesNet $30.06M USD 1 Quarter
Services SalesRevenueServicesNet $44.23M USD 1 Quarter
Total net revenues SalesRevenueNet $183.68M USD 1 Quarter
Total net revenues SalesRevenueNet $437.15M USD 1 Quarter
Cost of products CostOfGoodsSold $205.06M USD 1 Quarter
Cost of products CostOfGoodsSold $85.35M USD 1 Quarter
Cost of services CostOfServices $20.42M USD 1 Quarter
Cost of services CostOfServices $26.55M USD 1 Quarter
Total cost of revenues (exclusive of amortization shown separately below) CostOfGoodsAndServicesSold $231.61M USD 1 Quarter
Total cost of revenues (exclusive of amortization shown separately below) CostOfGoodsAndServicesSold $105.77M USD 1 Quarter
Gross profit GrossProfit $77.91M USD 1 Quarter
Gross profit GrossProfit $205.55M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $17.23M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $33.28M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $33.95M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $74.22M USD 1 Quarter
Acquisition and integration costs BusinessCombinationAcquisitionRelatedCosts $2.49M USD 1 Quarter
Acquisition and integration costs BusinessCombinationAcquisitionRelatedCosts $1.44M USD 1 Quarter
Restructuring RestructuringCharges $522.00K USD 1 Quarter
Restructuring RestructuringCharges - USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $1.68M USD Annual
Amortization of intangible assets AmortizationOfIntangibleAssets $1.68M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $12.50M USD 1 Quarter
Income from operations OperatingIncomeLoss $83.58M USD 1 Quarter
Income from operations OperatingIncomeLoss $22.56M USD 1 Quarter
Interest income InterestAndOtherIncome $516.00K USD 1 Quarter
Interest income InterestAndOtherIncome $924.00K USD 1 Quarter
Interest expense InterestExpense $8.83M USD 1 Quarter
Interest expense InterestExpense $44.00K USD 1 Quarter
Other income OtherNonoperatingIncome $366.00K USD 1 Quarter
Other income OtherNonoperatingIncome $2.02M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $23.80M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $77.28M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $12.22M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.24M USD 1 Quarter
Net income NetIncomeLoss $17.56M USD 1 Quarter
Net income NetIncomeLoss $65.06M USD 1 Quarter
Changes in value of financial instruments designated as cash flow hedges, net of tax benefit OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-2.44M USD 1 Quarter
Changes in value of financial instruments designated as cash flow hedges, net of tax benefit OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-1.55M USD 1 Quarter
Foreign currency translation adjustments, net of tax of $0 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $4.53M USD 1 Quarter
Foreign currency translation adjustments, net of tax of $0 OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $2.65M USD 1 Quarter
Unrecognized pension gain, net of tax expense OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-115.00K USD 1 Quarter
Unrealized (loss) gain on investments, net of tax (benefit) expense OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $378.00K USD 1 Quarter
Unrealized (loss) gain on investments, net of tax (benefit) expense OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $-126.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $19.05M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $67.14M USD 1 Quarter
Basic EarningsPerShareBasic $0.33 USD 1 Quarter
Basic EarningsPerShareBasic $1.21 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.18 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.33 USD 1 Quarter
Cash dividends per common share CommonStockDividendsPerShareCashPaid $0.17 USD 1 Quarter
Cash dividends per common share CommonStockDividendsPerShareCashPaid $0.17 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 53.23M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 53.77M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 53.56M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 54.96M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $17.56M USD 1 Quarter
Net income NetIncomeLoss $65.06M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $5.28M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $21.83M USD 1 Quarter
Amortization of debt issuance costs, original issue discount and soft call premium AmortizationOfFinancingCostsAndDiscounts $2.71M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $4.15M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $8.78M USD 1 Quarter
Provision for excess and obsolete inventory InventoryWriteDown $5.03M USD 1 Quarter
Provision for excess and obsolete inventory InventoryWriteDown $2.95M USD 1 Quarter
Provision for bad debt ProvisionForDoubtfulAccounts $17.00K USD 1 Quarter
Provision for bad debt ProvisionForDoubtfulAccounts $316.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.81M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $347.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $233.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-85.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-68.00K USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $15.21M USD 1 Quarter
Trade accounts receivable IncreaseDecreaseInAccountsReceivable $10.08M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $844.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.71M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $8.07M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $2.32M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $3.56M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $1.52M USD 1 Quarter
Accrued compensation IncreaseDecreaseInAccruedSalaries $-16.79M USD 1 Quarter
Accrued compensation IncreaseDecreaseInAccruedSalaries $-7.09M USD 1 Quarter
Other current and non-current liabilities IncreaseDecreaseInOtherOperatingLiabilities $7.72M USD 1 Quarter
Other current and non-current liabilities IncreaseDecreaseInOtherOperatingLiabilities $1.08M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $4.77M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $809.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $189.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $674.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $66.06M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $23.18M USD 1 Quarter
Purchases of investments PaymentsToAcquireAvailableForSaleSecurities $42.29M USD 1 Quarter
Purchases of investments PaymentsToAcquireAvailableForSaleSecurities $82.14M USD 1 Quarter
Maturities of investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $76.97M USD 1 Quarter
Maturities of investments ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $55.67M USD 1 Quarter
Sales of investments ProceedsFromSaleOfAvailableForSaleSecurities $21.18M USD 1 Quarter
Sales of investments ProceedsFromSaleOfAvailableForSaleSecurities $128.25M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.16M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.10M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $120.93M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $30.46M USD 1 Quarter
Restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $-148.00K USD 1 Quarter
Proceeds from short-term borrowings ProceedsFromShortTermDebt $736.00K USD 1 Quarter
Payments on short-term borrowings RepaymentsOfShortTermDebt $1.40M USD 1 Quarter
Payments on long-term borrowings RepaymentsOfLongTermDebt $51.57M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $1.54M USD 1 Quarter
Net payments related to employee stock awards ProceedsFromPaymentsForEmployeeStockAwards $-2.89M USD 1 Quarter
Net payments related to employee stock awards ProceedsFromPaymentsForEmployeeStockAwards $-2.59M USD 1 Quarter
Dividend payments to common stockholders PaymentsOfDividendsCommonStock $9.42M USD 1 Quarter
Dividend payments to common stockholders PaymentsOfDividendsCommonStock $9.06M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $233.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-12.96M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-64.69M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-876.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-4.54M USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $130.28M USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $27.29M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $228.62M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $255.91M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $357.86M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $227.57M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $228.62M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $255.91M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $357.86M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $227.57M USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Tax benefit on changes in value of financial instruments designated as cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-1.83M USD 1 Quarter
Tax benefit on changes in value of financial instruments designated as cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-1.04M USD 1 Quarter
Tax on foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent - USD 1 Quarter
Tax on foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent - USD 1 Quarter
Tax expense on unrecognized net pension gain OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent - USD 1 Quarter
Tax expense on unrecognized net pension gain OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent $-86.00K USD 1 Quarter
Tax (benefit) expense on unrealized (loss) gain on investments OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $-94.00K USD 1 Quarter
Tax (benefit) expense on unrealized (loss) gain on investments OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent $254.00K USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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