MKS Instruments Reports Fourth Quarter and Full Year 2015 Financial Results
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MKS Instruments, Inc. | | |
Unaudited Consolidated Balance Sheet | | |
(In thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, | | December 31, | | | | | | | | | 2015 | | | | 2014 | | | | | | | | | | | | | | ASSETS | | | | | | | | | | | | | | | | | | | | Cash and cash equivalents | | | $ | 227,574 | | | $ | 305,437 | | | | Short-term investments (1) | | | | 430,663 | | | | 286,795 | | | | Trade accounts receivable, net | | | | 101,883 | | | | 106,362 | | | | Inventories | | | | | 152,631 | | | | 155,169 | | | | Deferred income taxes | | | | - | | | | 14,017 | | | | Other current assets | | | | | 26,760 | | | | 27,512 | | | | | | | | | | | | | | | Total current assets | | | | 939,511 | | | | 895,292 | | | | | | | | | | | | | | Property, plant and equipment, net | | | 68,856 | | | | 72,776 | | | | Goodwill | | | | | | 199,703 | | | | 192,381 | | | | Intangible assets, net | | | | 44,027 | | | | 46,389 | | | | Other assets | | | | | 21,250 | | | | 17,206 | | | | | | | | | | | | | | Total assets | | | | $ | 1,273,347 | | | $ | 1,224,044 | | | | | | | | | | | | | | | | | | | | | | | | LIABILITIES AND STOCKHOLDERS' EQUITY | | | | | | | | | | | | | | | | Accounts payable | | | | $ | 23,177 | | | $ | 34,166 | | | | Accrued compensation | | | | 28,424 | | | | 26,970 | | | | Income taxes payable | | | | 4,024 | | | | 6,702 | | | | Other current liabilities | | | | 35,359 | | | | 35,789 | | | | | Total current liabilities | | | 90,984 | | | | 103,627 | | | | | | | | | | | | | | Other liabilities | | | | | 21,482 | | | | 38,595 | | | | | | | | | | | | | | Stockholders' equity: | | | | | | | | | Common stock | | | | | 113 | | | | 113 | | | | Additional paid-in capital | | | | 744,725 | | | | 734,732 | | | | Retained earnings | | | | | 427,214 | | | | 349,061 | | | | Other stockholders' equity | | | | (11,171 | ) | | | (2,084 | ) | | | | Total stockholders' equity | | | 1,160,881 | | | | 1,081,822 | | | | | | | | | | | | | | Total liabilities and stockholders' equity | | $ | 1,273,347 | | | $ | 1,224,044 | | | | | | | | | | | | | | (1) In the fourth quarter of 2015, the Company started classifying all investments as short-term investments. Management has the ability and intent to liquidate long-term investments if needed and management and the Board of Directors view all investments as a single pool of funds available for operations. Prior year amounts have been reclassified to conform with this presentation. | | | | | | | | | | | |
Company Contact: Seth H. Bagshaw
Vice President, Chief Financial Officer and Treasurer
Telephone: 978.645.5578
Investor Relations Contact: Claire McAdams
Headgate Partners LLC
Telephone: 530.265.9899
Email: claire@headgatepartners.com
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