Cash flow Keysight Technologies, Inc.

Equities

KEYS

US49338L1035

Electronic Equipment & Parts

Real-time Estimate Cboe BZX Other stock markets 01:20:02 2025-01-23 pm EST			5-day change	1st Jan Change
172.99 ^USD	+0.16%		+4.73%	+7.63%

12:06pm	Keysight Technologies Signs Virtual Power Purchase Agreement With Southern Co. Unit	MT
Jan. 22	List of UK competition regulator cases as new boss steps in	RE

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Published financial data: KEYSIGHT TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Revenues	4.22B	4.94B	5.42B	5.46B	4.98B
Total Revenues	4.22B	4.94B	5.42B	5.46B	4.98B
Cost of Goods Sold, Total	1.69B	1.87B	1.97B	1.93B	1.85B
Gross Profit	2.53B	3.07B	3.45B	3.53B	3.13B
Selling General & Admin Expenses, Total	1.05B	1.19B	1.24B	1.29B	1.38B
R&D Expenses	715M	811M	841M	882M	919M
Other Operating Expenses	-12M	-17M	-8M	-15M	-14M
Other Operating Expenses, Total	1.76B	1.98B	2.07B	2.15B	2.29B
Operating Income	777M	1.09B	1.38B	1.38B	844M
Interest Expense, Total	-78M	-79M	-79M	-78M	-84M
Interest And Investment Income	11M	3M	16M	102M	81M
Net Interest Expenses	-67M	-76M	-63M	24M	-3M
Currency Exchange Gains (Loss)	3M	3M	-1M	-45M	8M
Other Non Operating Income (Expenses)	-4M	-10M	5M	-8M	1M
EBT, Excl. Unusual Items	709M	1.01B	1.32B	1.35B	850M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	11M	4M	-36M	7M	15M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Insurance Settlements	46M	-	-	-	-
Other Unusual Items	-5M	-	-	-	-
EBT, Incl. Unusual Items	761M	1.01B	1.28B	1.36B	865M
Income Tax Expense	134M	116M	161M	300M	251M
Earnings From Continuing Operations	627M	894M	1.12B	1.06B	614M
Net Income to Company	627M	894M	1.12B	1.06B	614M
Net Income - (IS)	627M	894M	1.12B	1.06B	614M
Net Income to Common Incl Extra Items	627M	894M	1.12B	1.06B	614M
Net Income to Common Excl. Extra Items	627M	894M	1.12B	1.06B	614M
Per Share Items
Net EPS - Basic	3.35	4.83	6.24	5.94	3.53
Basic EPS - Continuing Operations	3.35	4.83	6.24	5.94	3.53
Basic Weighted Average Shares Outstanding	187M	185M	180M	178M	174M
Net EPS - Diluted	3.31	4.78	6.18	5.91	3.51
Diluted EPS - Continuing Operations	3.31	4.78	6.18	5.91	3.51
Diluted Weighted Average Shares Outstanding	189M	187M	182M	179M	175M
Normalized Basic EPS	2.37	3.4	4.59	4.74	3.05
Normalized Diluted EPS	2.34	3.36	4.54	4.71	3.04
Supplemental Items
EBITDA	1.1B	1.38B	1.6B	1.59B	1.11B
EBITA	999M	1.26B	1.49B	1.47B	988M
EBIT	777M	1.09B	1.38B	1.38B	844M
EBITDAR	1.17B	1.45B	1.67B	1.66B	1.2B
Total Revenues (As Reported)	4.22B	4.94B	5.42B	5.46B	4.98B
Effective Tax Rate - (Ratio)	17.61	11.49	12.53	22.11	29.02
Current Domestic Taxes	16M	79M	41M	198M	-48M
Current Foreign Taxes	77M	90M	113M	105M	31M
Total Current Taxes	93M	169M	154M	303M	-17M
Deferred Domestic Taxes	5M	-23M	-12M	-57M	-55M
Deferred Foreign Taxes	36M	-30M	19M	54M	323M
Total Deferred Taxes	41M	-53M	7M	-3M	268M
Normalized Net Income	443M	629M	826M	844M	531M
Interest on Long-Term Debt	78M	79M	79M	78M	84M
Non-Cash Pension Expense	-32M	-11M	-37M	-18M	-6M
Supplemental Operating Expense Items
Advertising Expense	24M	21M	27M	24M	18M
Research And Development Expense From Footnotes	715M	811M	841M	882M	919M
Net Rental Expense, Total	65M	65M	68M	74M	81M
Imputed Operating Lease Interest Expense	21.48M	20.52M	21.27M	22.84M	26.84M
Imputed Operating Lease Depreciation	43.52M	44.48M	46.73M	51.16M	54.16M
Stock-Based Comp., COGS (Total)	16M	19M	23M	25M	27M
Stock-Based Comp., R&D Exp. (Total)	19M	21M	28M	38M	38M
Stock-Based Comp., SG&A Exp. (Total)	58M	64M	75M	73M	80M
Total Stock-Based Compensation	93M	104M	126M	136M	145M

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.76B	2.05B	2.04B	2.47B	1.8B
Total Cash And Short Term Investments	1.76B	2.05B	2.04B	2.47B	1.8B
Accounts Receivable, Total	606M	735M	905M	900M	857M
Other Receivables	53M	30M	-	-	138M
Total Receivables	659M	765M	905M	900M	995M
Inventory	757M	777M	858M	985M	1.02B
Prepaid Expenses	-	-	81M	74M	87M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	9M	-	-	-	-
Other Current Assets, Total	193M	240M	348M	378M	357M
Total Current Assets	3.37B	3.83B	4.23B	4.81B	4.26B
Gross Property Plant And Equipment	2.22B	2.4B	2.45B	2.61B	2.71B
Accumulated Depreciation	-1.44B	-1.52B	-1.54B	-1.62B	-1.71B
Net Property Plant And Equipment	777M	877M	910M	987M	1.01B
Long-term Investments	84M	118M	195M	81M	110M
Goodwill	1.54B	1.63B	1.58B	1.64B	2.39B
Other Intangibles, Total	361M	272M	189M	155M	607M
Deferred Tax Assets Long-Term	740M	711M	667M	671M	378M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	345M	341M	321M	340M	521M
Total Assets	7.22B	7.78B	8.1B	8.68B	9.27B
Liabilities
Accounts Payable, Total	224M	287M	348M	286M	313M
Accrued Expenses, Total	337M	434M	435M	458M	395M
Current Portion of Long-Term Debt	-	-	-	599M	-
Current Portion of Leases	44M	41M	39M	40M	43M
Current Income Taxes Payable	40M	44M	58M	49M	90M
Unearned Revenue Current, Total	391M	478M	495M	541M	561M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	45M	25M	32M	76M	25M
Total Current Liabilities	1.08B	1.31B	1.41B	2.05B	1.43B
Long-Term Debt	1.79B	1.79B	1.79B	1.2B	1.79B
Long-Term Leases	152M	191M	186M	192M	197M
Unearned Revenue Non Current	175M	187M	197M	216M	206M
Pension & Other Post Retirement Benefits	362M	167M	58M	64M	81M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	362M	352M	296M	313M	463M
Total Liabilities	3.92B	4B	3.94B	4.03B	4.16B
Common Stock, Total	2M	2M	2M	2M	2M
Additional Paid In Capital	2.11B	2.22B	2.33B	2.49B	2.66B
Retained Earnings	2.54B	3.43B	4.55B	5.61B	6.22B
Treasury Stock	-752M	-1.42B	-2.27B	-2.98B	-3.42B
Comprehensive Income and Other	-599M	-442M	-454M	-466M	-364M
Total Common Equity	3.3B	3.78B	4.16B	4.65B	5.1B
Total Equity	3.3B	3.78B	4.16B	4.65B	5.1B
Total Liabilities And Equity	7.22B	7.78B	8.1B	8.68B	9.27B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	186M	183M	179M	175M	173M
ECS Total Common Shares Outstanding	185M	182M	178M	174M	173M
Book Value / Share	17.83	20.77	23.37	26.7	29.58
Tangible Book Value	1.4B	1.88B	2.39B	2.86B	2.11B
Tangible Book Value Per Share	7.57	10.34	13.42	16.4	12.23
Total Debt	1.98B	2.02B	2.02B	2.03B	2.03B
Net Debt	229M	-29M	-24M	-446M	234M
Debt Equivalent of Unfunded Proj. Benefit Obligation	2M	-124M	-188M	-163M	-244M
Debt Equivalent Oper. Leases	520M	520M	544M	592M	648M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	415M	448M	536M	609M	647M
Inventories - Finished Goods, Total	342M	329M	322M	376M	375M
Land - (BS)	67M	61M	48M	48M	48M
Buildings, Total	743M	785M	798M	828M	851M
Machinery, Total	1.22B	1.33B	1.38B	1.51B	1.58B
Full Time Employees	13.9K	14.3K	15K	14.9K	15.5K
Accumulated Allowance for Doubtful Accounts (Supple)	3M	4M	4M	5M	9M
Order Backlog	1.71B	2.12B	2.55B	2.29B	2.38B

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	627M	894M	1.12B	1.06B	614M
Depreciation & Amortization - CF	104M	117M	117M	120M	126M
Amortization of Goodwill and Intangible Assets - (CF)	222M	176M	106M	92M	144M
Depreciation & Amortization, Total	326M	293M	223M	212M	270M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	31M	-5M	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	92M	103M	125M	135M	137M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	28M	-4M	45M	28M	302M
Change In Accounts Receivable	75M	-122M	-204M	14M	71M
Change In Inventories	-73M	-43M	-125M	-148M	-49M
Change In Accounts Payable	-33M	53M	56M	-62M	26M
Change in Unearned Revenues	41M	96M	79M	61M	-12M
Change In Income Taxes	5M	34M	-14M	-40M	-172M
Change in Other Net Operating Assets	-72M	18M	-196M	156M	-135M
Cash from Operations	1.02B	1.32B	1.14B	1.41B	1.05B
Capital Expenditure	-117M	-174M	-185M	-196M	-154M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-357M	-178M	-33M	-85M	-681M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-33M	-7M	-11M
Other Investing Activities, Total	32M	-1M	-	-	27M
Cash from Investing	-442M	-353M	-251M	-288M	-819M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	599M
Total Debt Issued	-	-	-	-	599M
Long-Term Debt Repaid, Total	-7M	-	-	-	-624M
Total Debt Repaid	-7M	-	-	-	-624M
Issuance of Common Stock	58M	59M	63M	67M	66M
Repurchase of Common Stock	-464M	-726M	-923M	-751M	-474M
Other Financing Activities, Total	-	-4M	-1M	-3M	-480M
Cash from Financing	-413M	-671M	-861M	-687M	-913M
Foreign Exchange Rate Adjustments	6M	3M	-43M	-2M	6M
Net Change in Cash	167M	301M	-11M	431M	-674M
Supplemental Items
Cash Interest Paid	75M	75M	75M	75M	75M
Cash Income Tax Paid (Refund)	84M	130M	191M	343M	146M
Levered Free Cash Flow	772M	920M	667M	862M	586M
Unlevered Free Cash Flow	821M	970M	716M	911M	638M
Change In Net Working Capital	-33M	-66M	310M	103M	150M
Net Debt Issued / Repaid	-7M	-	-	-	-25M

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.02	9.08	10.86	10.27	5.88
Return on Total Capital	9.64	12.28	14.39	13.4	7.64
Return On Equity %	19.9	25.25	28.29	23.98	12.58
Return on Common Equity	19.9	25.25	28.29	23.98	12.58
Margin Analysis
Gross Profit Margin %	60.01	62.11	63.65	64.64	62.92
SG&A Margin	24.95	24	22.82	23.54	27.8
EBITDA Margin %	26.13	27.97	29.58	29.12	22.37
EBITA Margin %	23.67	25.6	27.42	26.92	19.84
EBIT Margin %	18.41	22.04	25.46	25.24	16.95
Income From Continuing Operations Margin %	14.85	18.09	20.74	19.34	12.33
Net Income Margin %	14.85	18.09	20.74	19.34	12.33
Net Avail. For Common Margin %	14.85	18.09	20.74	19.34	12.33
Normalized Net Income Margin	10.5	12.73	15.23	15.44	10.67
Levered Free Cash Flow Margin	18.29	18.62	12.31	15.78	11.77
Unlevered Free Cash Flow Margin	19.44	19.62	13.22	16.67	12.82
Asset Turnover
Asset Turnover	0.61	0.66	0.68	0.65	0.55
Fixed Assets Turnover	6.24	5.97	6.07	5.76	4.99
Receivables Turnover (Average Receivables)	6.63	7.37	6.61	6.05	5.67
Inventory Turnover (Average Inventory)	2.31	2.44	2.41	2.1	1.84
Short Term Liquidity
Current Ratio	3.12	2.93	3.01	2.35	2.98
Quick Ratio	2.23	2.15	2.09	1.65	1.96
Operating Cash Flow to Current Liabilities	0.94	1.01	0.81	0.69	0.74
Days Sales Outstanding (Average Receivables)	55.23	49.53	55.22	60.29	64.58
Days Outstanding Inventory (Average Inventory)	158.5	149.55	151.47	174.09	198.96
Average Days Payable Outstanding	50.17	49.29	56.5	56.19	58.21
Cash Conversion Cycle (Average Days)	163.57	149.79	150.18	178.19	205.32
Long Term Solvency
Total Debt/Equity	60.21	53.46	48.5	43.53	39.76
Total Debt / Total Capital	37.58	34.84	32.66	30.33	28.45
LT Debt/Equity	58.87	52.38	47.56	29.8	38.92
Long-Term Debt / Total Capital	36.75	34.13	32.03	20.76	27.85
Total Liabilities / Total Assets