Cash flow Masimo Corporation

Equities

MASI

US5747951003

Medical Equipment, Supplies & Distribution

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-06 pm EDT			5-day change	1st Jan Change
111.53 ^USD	-2.40%		-5.10%	-4.85%

Sep. 06	Politan Provides Update on Why Masimo Shareholders Should Support Urgently Needed Board Change at Company?s 2024 AGM	CI
Sep. 05	Transcript : Masimo Corporation Presents at Wells Fargo 2024 Healthcare Conference, Sep-05-2024 10:15 AM

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Published financial data: MASIMO CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	938M	1.14B	1.24B	2.04B	2.05B
Total Revenues	938M	1.14B	1.24B	2.04B	2.05B
Cost of Goods Sold, Total	309M	401M	431M	977M	1.04B
Gross Profit	629M	743M	808M	1.06B	1B
Selling General & Admin Expenses, Total	315M	369M	395M	641M	682M
R&D Expenses	93.3M	119M	137M	191M	175M
Other Operating Expenses, Total	408M	488M	533M	832M	857M
Operating Income	221M	255M	276M	227M	147M
Interest Expense, Total	-328K	-338K	-355K	-25.7M	-50.3M
Interest And Investment Income	13.92M	5.53M	936K	1.8M	3M
Net Interest Expenses	13.59M	5.2M	581K	-23.9M	-47.3M
Currency Exchange Gains (Loss)	-627K	2.63M	-1.86M	7.3M	-1.1M
Other Non Operating Income (Expenses)	-12K	86K	-160K	-	-
EBT, Excl. Unusual Items	234M	263M	274M	210M	98.3M
Merger & Related Restructuring Charges	-	-	-	-16.6M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-10M
Insurance Settlements	-	-	-	-	17.6M
Legal Settlements	-	474K	-	-	-17.8M
EBT, Incl. Unusual Items	234M	264M	274M	193M	88.1M
Income Tax Expense	37.95M	23.45M	44.73M	49.9M	6.6M
Earnings From Continuing Operations	196M	240M	230M	144M	81.5M
Net Income to Company	196M	240M	230M	144M	81.5M
Minority Interest	-	20K	-	-	-
Net Income - (IS)	196M	240M	230M	144M	81.5M
Net Income to Common Incl Extra Items	196M	240M	230M	144M	81.5M
Net Income to Common Excl. Extra Items	196M	240M	230M	144M	81.5M
Per Share Items
Net EPS - Basic	3.67	4.39	4.16	2.68	1.54
Basic EPS - Continuing Operations	3.67	4.39	4.16	2.68	1.54
Basic Weighted Average Shares Outstanding	53.43M	54.7M	55.17M	53.6M	52.8M
Net EPS - Diluted	3.44	4.14	3.98	2.6	1.51
Diluted EPS - Continuing Operations	3.44	4.14	3.98	2.6	1.51
Diluted Weighted Average Shares Outstanding	57.1M	58.04M	57.68M	55.2M	54.1M
Normalized Basic EPS	2.74	3.01	3.11	2.45	1.16
Normalized Diluted EPS	2.56	2.84	2.97	2.38	1.14
Supplemental Items
EBITDA	245M	285M	311M	358M	226M
EBITA	226M	263M	286M	266M	201M
EBIT	221M	255M	276M	227M	147M
EBITDAR	251M	292M	320M	376M	248M
Total Revenues (As Reported)	938M	1.14B	1.24B	-	-
Effective Tax Rate - (Ratio)	16.21	8.89	16.3	25.8	7.49
Current Domestic Taxes	35.49M	20.34M	45.24M	54.8M	18.5M
Current Foreign Taxes	8.42M	8.07M	14.58M	34.4M	23.7M
Total Current Taxes	43.92M	28.42M	59.82M	89.2M	42.2M
Deferred Domestic Taxes	-5.72M	-4.84M	-10.94M	-29.2M	-21.5M
Deferred Foreign Taxes	-248K	-127K	-4.15M	-10.1M	-14.1M
Total Deferred Taxes	-5.96M	-4.96M	-15.09M	-39.3M	-35.6M
Normalized Net Income	146M	165M	171M	131M	61.44M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	300K	300K	300K	25.7M	47M
Non-Cash Pension Expense	-	-	-	-100K	-200K
Supplemental Operating Expense Items
Advertising Expense	14M	30.8M	9M	12.3M	61.4M
Selling and Marketing Expenses	14M	30.8M	9M	12.3M	61.4M
Research And Development Expense From Footnotes	93.3M	119M	137M	191M	350M
Net Rental Expense, Total	6.57M	6.95M	8.2M	18M	22.7M
Imputed Operating Lease Interest Expense	-	685K	695K	6.97M	9.14M
Imputed Operating Lease Depreciation	-	6.26M	7.5M	11.03M	13.56M
Stock-Based Comp., COGS (Total)	445K	714K	839K	1M	1.1M
Stock-Based Comp., R&D Exp. (Total)	8.34M	10.05M	12.47M	13.8M	7.4M
Stock-Based Comp., SG&A Exp. (Total)	30.45M	31.46M	31.32M	32.9M	-1.5M
Total Stock-Based Compensation	39.24M	42.22M	44.62M	47.7M	7M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	568M	641M	745M	203M	163M
Short Term Investments	120M	-	-	-	-
Total Cash And Short Term Investments	688M	641M	745M	203M	163M
Accounts Receivable, Total	158M	167M	232M	478M	392M
Other Receivables	9.31M	14.54M	12.85M	26.8M	28.6M
Notes Receivable	-	-	-	-	-
Total Receivables	167M	181M	245M	505M	421M
Inventory	116M	216M	201M	501M	545M
Prepaid Expenses	11.75M	33.32M	33.66M	81.2M	63.1M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	3.4M	3.04M	2.4M	3M
Other Current Assets, Total	13.92M	25.67M	10.4M	16M	36.8M
Total Current Assets	996M	1.1B	1.24B	1.31B	1.23B
Gross Property Plant And Equipment	352M	439M	476M	710M	795M
Accumulated Depreciation	-113M	-134M	-173M	-238M	-311M
Net Property Plant And Equipment	239M	305M	303M	472M	484M
Long-term Investments	6.48M	8M	13.83M	13.8M	9.9M
Goodwill	22.35M	103M	100M	445M	408M
Other Intangibles, Total	27.25M	73.92M	72.5M	723M	652M
Accounts Receivable Long-Term	52.42M	61.59M	78.66M	82.5M	88.4M
Deferred Tax Assets Long-Term	35.97M	39.36M	52.61M	102M	107M
Deferred Charges Long-Term	5.26M	7.48M	11.88M	17.1M	21.8M
Other Long-Term Assets, Total	11.65M	12.99M	15.51M	46M	38.8M
Total Assets	1.4B	1.71B	1.89B	3.21B	3.04B
Liabilities
Accounts Payable, Total	54.55M	64.06M	75.63M	277M	252M
Accrued Expenses, Total	83.17M	114M	125M	223M	170M
Current Portion of Long-Term Debt	-	-	-	15.1M	34.3M
Current Portion of Leases	4.65M	5.98M	6.37M	18.7M	18.2M
Current Income Taxes Payable	7.14M	5.91M	12M	32.1M	16.1M
Unearned Revenue Current, Total	11.76M	28.98M	29.82M	36M	37.4M
Other Current Liabilities	10.94M	14.68M	18.47M	28.1M	35.9M
Total Current Liabilities	172M	234M	268M	630M	564M
Long-Term Debt	-	-	-	942M	872M
Long-Term Leases	15.83M	28.37M	26.29M	53.4M	45.8M
Unearned Revenue Non Current	-	4.24M	5.3M	25M	26.4M
Pension & Other Post Retirement Benefits	-	-	-	10.1M	9.5M
Deferred Tax Liability Non Current	3.05M	6.25M	5.11M	164M	112M
Other Non Current Liabilities	37.15M	32.21M	32.32M	48M	47.8M
Total Liabilities	228M	305M	337M	1.87B	1.68B
Common Stock, Total	54K	55K	55K	100K	100K
Additional Paid In Capital	601M	704M	753M	782M	783M
Retained Earnings	1.1B	1.34B	1.57B	1.71B	1.8B
Treasury Stock	-527M	-639M	-768M	-1.17B	-1.17B
Comprehensive Income and Other	-6.72M	1.41M	-5.53M	11.5M	-45.3M
Total Common Equity	1.17B	1.41B	1.55B	1.34B	1.36B
Minority Interest	-	-20K	-	-	-
Total Equity	1.17B	1.41B	1.55B	1.34B	1.36B
Total Liabilities And Equity	1.4B	1.71B	1.89B	3.21B	3.04B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	53.79M	55.27M	55.36M	52.6M	52.91M
ECS Total Common Shares Outstanding	53.7M	55.25M	55.34M	52.5M	52.8M
Book Value / Share	21.75	25.48	28.02	25.5	25.85
Tangible Book Value	1.12B	1.23B	1.38B	171M	305M
Tangible Book Value Per Share	20.83	22.27	24.89	3.26	5.77
Total Debt	20.49M	34.35M	32.66M	1.03B	970M
Net Debt	-667M	-607M	-713M	826M	807M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	10.1M	9.5M
Debt Equivalent Oper. Leases	52.56M	55.57M	65.6M	144M	182M
Minority Interest, Total (Incl. Fin. Div)	-	-20K	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	55.92M	133M	128M	210M	230M
Inventories - Work In Process, Total	10.97M	15.98M	17.14M	30.4M	30M
Inventories - Finished Goods, Total	48.98M	66.87M	55.91M	261M	285M
Land - (BS)	40.22M	57.15M	57.03M	65.1M	66.2M
Buildings, Total	102M	122M	142M	151M	151M
Machinery, Total	136M	163M	184M	255M	281M
Full Time Employees	1.6K	2K	2.2K	4K	3.8K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.8M	1.6M	2.18M	7.7M	4.8M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	196M	240M	230M	144M	81.5M
Depreciation & Amortization - CF	19.09M	21.8M	25.32M	96.3M	43.9M
Amortization of Goodwill and Intangible Assets - (CF)	4.4M	7.5M	10.3M	39.8M	54.4M
Depreciation & Amortization, Total	23.49M	29.3M	35.62M	136M	98.3M
Amortization of Deferred Charges, Total - (CF)	-	-	-	1.4M	1.9M
(Gain) Loss From Sale Of Asset	357K	554K	479K	500K	800K
Asset Writedown & Restructuring Costs	-	-	-	-	10M
Stock-Based Compensation (CF)	39.23M	42.22M	44.62M	47.7M	7M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	687K	82K	815K	1.3M	1.1M
Other Operating Activities, Total	-5.96M	-4.98M	-15.09M	-39.3M	-35.6M
Change In Accounts Receivable	-23.58M	-2.23M	-60.8M	-138M	90.2M
Change In Inventories	-21.26M	-94.43M	13.49M	-156M	-69.2M
Change In Accounts Payable	9.93M	7.64M	10.99M	60.5M	-19.6M
Change in Unearned Revenues	7.74M	10.87M	7.11M	28.1M	7.1M
Change In Income Taxes	4.08M	-1.3M	6.41M	3.8M	-15.1M
Change in Other Net Operating Assets	-9.29M	-17.06M	-8.55M	-59.8M	-64.3M
Cash from Operations	222M	211M	265M	29.4M	94.1M
Capital Expenditure	-68.38M	-72.55M	-25.5M	-52.8M	-44M
Cash Acquisitions	-	-116M	-	-1B	7.5M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-4.12M	-7.41M	-9.43M	-3.5M	-43.7M
Investment in Marketable and Equity Securities, Total	-125M	113M	-2.6M	-1.7M	-1M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-198M	-82.79M	-37.53M	-1.06B	-81.2M
Long-Term Debt Issued, Total	-	-	-	1.08B	189M
Total Debt Issued	-	-	-	1.08B	189M
Long-Term Debt Repaid, Total	-	-	-	-135M	-240M
Total Debt Repaid	-	-	-	-135M	-240M
Issuance of Common Stock	28.34M	58.42M	23.24M	8.1M	7M
Repurchase of Common Stock	-37.56M	-113M	-146M	-427M	-12.9M
Other Financing Activities, Total	-123K	-	-	-9.3M	-
Cash from Financing	-9.34M	-54.31M	-122M	520M	-57.1M
Foreign Exchange Rate Adjustments	814K	3.06M	-1.45M	-30.9M	2.8M
Net Change in Cash	15.43M	76.93M	103M	-539M	-41.4M
Supplemental Items
Cash Interest Paid	211K	270K	285K	23M	51M
Cash Income Tax Paid (Refund)	42.27M	39.49M	43.95M	87.3M	54.4M
Levered Free Cash Flow	77.71M	59.9M	218M	-23.14M	31.65M
Unlevered Free Cash Flow	77.91M	60.11M	218M	-8.48M	61.19M
Change In Net Working Capital	50.58M	91.05M	-60K	278M	48.1M
Net Debt Issued / Repaid	-	-	-	948M	-51.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	10.84	10.27	9.58	5.56	2.93
Return on Total Capital	12.82	12.13	11.4	7.17	3.9
Return On Equity %	18.36	18.66	15.53	9.93	6.03
Return on Common Equity	18.36	18.66	15.53	9.93	6.03
Margin Analysis
Gross Profit Margin %	67.09	64.97	65.23	52.01	49
SG&A Margin	33.55	32.27	31.9	31.48	33.28
EBITDA Margin %	26.09	24.89	25.13	17.6	11.02
EBITA Margin %	24.06	22.98	23.09	13.09	9.82
EBIT Margin %	23.59	22.33	22.26	11.13	7.16
Income From Continuing Operations Margin %	20.92	21.01	18.53	7.05	3.98
Net Income Margin %