← ONTO INNOVATION INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | $30.2m | $57.6m | $1.9m | $31.0m | — | $223.3m | $121.2m | $201.7m | $136.8m | $136.8m | $132.6m | |
| Accretion (Amortization) of Discounts and Premiums, Investments | — | — | — | — | — | — | $4.8m | $7.2m | — | $4.7m | — | |
| Acquired inventory step-up amortization | — | — | $15.4m | $10.7m | — | $393k | $0 | — | — | — | — | |
| Amortization Cash Flow | — | — | — | — | — | $55.3m | $54.8m | $49.4m | $39.4m | — | — | |
| Amortization Of Securities | — | — | — | — | — | — | ($4.8m) | ($7.2m) | ($4.7m) | — | ($2.9m) | |
| Amortization of Intangible Assets | — | $96k | $10.4m | $53.7m | — | $55.3m | $54.8m | $49.4m | $39.4m | — | — | |
| Amortization of intangibles | $1.9m | $1.5m | $10.4m | $53.7m | — | $51.4m | $54.8m | $49.4m | $39.4m | $39.4m | $61.9m | |
| Depreciation | $6.7m | $6.5m | $6.0m | $13.8m | — | $9.4m | $12.4m | $12.9m | $21.0m | $21.0m | $22.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $64.7m | $67.2m | $62.3m | $60.4m | — | $84.3m | |
| Depreciation, Depletion and Amortization | $6.9m | $6.8m | $6.0m | $13.8m | — | $14.4m | $12.4m | $12.9m | $21.0m | $21.0m | $84.3m | |
| Deferred Income Tax | $6.8m | $4.1m | $4.1m | $11.6m | — | ($33.6m) | ($22.4m) | ($26.5m) | $12.9m | — | $21.4m | |
| Deferred Tax | — | — | — | — | — | ($33.6m) | ($22.4m) | ($26.5m) | $12.9m | — | $21.4m | |
| Deferred income taxes | $6.9m | $3.7m | ($4.1m) | ($11.6m) | — | ($12.6m) | ($22.4m) | ($26.5m) | — | $12.9m | $21.4m | |
| Issuance of shares through share-based compensation plans | $5.6m | $3.8m | $844k | $2.9m | — | $10.1m | $5.3m | $9.2m | — | $13.4m | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $4.1m | $3.6m | $2.5m | $4.1m | — | $8.9m | $10.8m | $19.0m | $13.5m | — | — | |
| Share-based Payment Arrangement, Expense | $8.8m | $11.4m | $10.6m | $17.7m | — | $24.4m | $25.5m | $28.6m | $27.6m | — | $31.2m | |
| Share-based Payment Arrangement, Noncash Expense | $8.8m | $11.4m | $10.6m | $17.7m | — | $24.4m | $25.5m | $28.6m | $27.6m | — | $31.2m | |
| Share-based compensation | $8.8m | $11.4m | $10.6m | $17.7m | — | $19.5m | $25.5m | $28.6m | — | $27.6m | $31.2m | |
| Tax payments related to shares withheld for share-based compensation plans | ($4.1m) | ($3.6m) | ($2.5m) | ($4.1m) | — | ($7.4m) | ($10.8m) | ($19.0m) | — | ($13.5m) | — | |
| Asset Impairment Charge | — | — | — | — | — | $5.7m | $0 | $4.2m | $0 | — | $0 | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | — | $0 | $0 | $0 | $0 | — | $0 | |
| Other Nonoperating Income (Expense) | $576k | $1.4m | $780k | ($2.7m) | — | ($141k) | ($3.9m) | ($145k) | ($5.0m) | — | — | |
| Nonoperating Income (Expense) | $492k | $1.0m | — | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | ($156.5m) | ($27.7m) | ($37.3m) | $60.1m | — | ($15.2m) | |
| Accounts receivable | ($19.5m) | $15.2m | ($9.7m) | ($25.8m) | — | ($27.8m) | $12.2m | ($83.7m) | — | $53.8m | $53.8m | |
| Change In Receivables | — | — | — | — | — | ($65.1m) | $12.2m | ($83.7m) | $53.8m | — | $53.8m | |
| Changes In Account Receivables | — | — | — | — | — | ($65.1m) | $12.2m | ($83.7m) | $53.8m | — | $53.8m | |
| Increase (Decrease) in Accounts Receivable | $19.5m | ($15.2m) | $9.7m | $25.8m | — | $65.1m | ($12.2m) | $83.7m | ($53.8m) | — | $53.8m | |
| Change In Inventory | — | — | — | — | — | ($93.9m) | ($16.5m) | $19.9m | ($3.0m) | — | ($3.0m) | |
| Increase (Decrease) in Inventories | $18.0m | $9.0m | $9.3m | $42.4m | — | $93.9m | $16.5m | ($19.9m) | $3.0m | — | ($3.0m) | |
| Inventories | ($18.0m) | ($9.0m) | ($9.3m) | ($42.4m) | — | ($57.2m) | ($16.5m) | $19.9m | — | ($3.0m) | ($3.0m) | |
| Inventory Write-down | $2.0m | $3.0m | — | — | — | — | — | — | — | — | — | |
| Provision for inventory valuation | — | $3.0m | $10.8m | $14.7m | — | $8.2m | $10.0m | $19.2m | — | $26.5m | — | |
| Accounts payable | $3.2m | $3.5m | ($12.1m) | $11.4m | — | $12.1m | ($4.7m) | $6.2m | $50.9m | $50.9m | $50.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $12.5m | ($16.0m) | $14.1m | $31.8m | — | $50.9m | |
| Accrued and other liabilities | $5.3m | $163k | ($6.7m) | $17.9m | — | $21.7m | $11.3m | $7.8m | — | ($19.1m) | — | |
| Change In Accrued Expense | — | — | — | — | — | $11.3m | ($11.3m) | $7.8m | ($19.1m) | — | ($19.1m) | |
| Prepaid expenses and other assets | ($230k) | ($407k) | ($5.1m) | $11.4m | — | ($768k) | ($14.0m) | $2.1m | — | ($2.4m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $20.6m |
$103.3m
+401.56%
|
$18.1m
-82.44%
|
$106.0m
+484.06%
|
$175.3m
+65.38%
|
$136.7m
-22.01%
|
$172.0m
+25.80%
|
$245.7m
+42.86%
|
$328.3m
+33.64%
|
$328.3m
0.00%
|
$266.2m
-18.91%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($631k) | $759k | — | — | — | $0 | $2.8m | $0 | — | $0 | ($10k) | |
| Payments to Acquire Property, Plant, and Equipment | $5.2m | $7.5m | $6.8m | $3.8m | — | $18.4m | $22.6m | $31.9m | $28.5m | ($28.5m) | ($13.8m) | |
| Payments To Aquire Non Marketable Securities | — | — | — | — | — | — | $0 | $0 | — | $8.0m | — | |
| Proceeds from maturities and sales of marketable securities | $143.3m | $186.3m | $94.5m | $265.4m | — | $255.1m | $396.8m | $540.8m | — | $826.9m | — | |
| Purchases of marketable securities | ($129.8m) | ($53.5m) | ($127.5m) | ($313.0m) | — | ($361.0m) | ($480.5m) | ($708.7m) | — | ($475.8m) | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $77.2m | $38.7m | — | — | — | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $37.2m | — | — | — | $4.6m | $0 | $26.8m | $436.1m | — | ($436.1m) | |
| Net cash and cash equivalents provided by (used in) investing activities | ($6.7m) | ($4.3m) | $4.1m | ($48.6m) | — | ($141.8m) | ($103.4m) | ($226.5m) | — | ($121.6m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($4.3m) | $4.1m | ($48.6m) | — | ($55.7m) | ($103.4m) | ($226.5m) | ($121.6m) | — | ($399.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($65.3m) | ($3.2m) | ($25.1m) | ($75.0m) | — | ($205.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | ($65.3m) | ($3.2m) | ($25.1m) | ($75.0m) | — | ($205.0m) | |
| Common Stock Payments | — | — | — | — | — | ($65.3m) | ($3.2m) | ($25.1m) | ($75.0m) | — | ($205.0m) | |
| Payments for Repurchase of Common Stock | — | $23.0m | $744k | $52.0m | — | $65.3m | $3.2m | $25.1m | $75.0m | — | — | |
| Purchases of common stock | ($27.0m) | ($23.0m) | ($744k) | ($52.0m) | — | ($65.3m) | ($3.2m) | ($25.1m) | — | ($75.0m) | — | |
| Net Other Financing Charges | — | — | — | — | — | ($11.2m) | ($11.6m) | ($19.8m) | ($13.5m) | — | ($20.0m) | |
| Net cash and cash equivalents provided by (used in) financing activities | ($25.6m) |
($22.8m)
+10.91%
|
($4.2m)
+81.56%
|
($53.7m)
-1179.23%
|
— | $2.7m |
($9.5m)
-454.87%
|
($35.7m)
-276.50%
|
— | ($75.2m) | — | |
| Net Cash Provided by (Used in) Financing Activities | — | ($22.8m) |
($4.2m)
+81.56%
|
($53.7m)
-1179.23%
|
— | ($68.3m) |
($9.5m)
+86.14%
|
($35.7m)
-276.50%
|
($75.2m)
-110.66%
|
— | $1.2b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $76.1m | $18.3m | $6.0m | — | $6.3m | $57.6m | ($20.6m) | $133.2m | — | $1.3b | |
| Beginning Cash Position | — | — | — | — | — | $169.6m | $175.9m | $233.5m | $212.9m | — | $217.5m | |
| Cash and cash equivalents at beginning of year | $37.9m | $67.8m | $112.4m | $136.7m | — | $169.6m | $233.5m | $212.9m | — | $346.1m | $217.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $136.7m | — | $175.9m | $233.5m | $212.9m | $346.1m | — | $1.3b | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($6.4m) | ($1.5m) | ($4.0m) | $1.6m | — | ($2.0m) | |
| Effect of exchange rate changes on cash and cash equivalents | ($518k) | ($263k) | $233k | $2.4m | — | ($3.3m) | ($1.5m) | ($4.0m) | — | $1.6m | ($2.0m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income Tax Expense (Benefit) | $13.1m | $9.9m | ($2.5m) | ($4.2m) | — | $18.2m | $11.4m | $18.8m | $26.1m | — | — | |
| Additional Financial Items | ||||||||||||
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($68.3m) | ($9.5m) | ($35.7m) | ($75.2m) | — | $1.2b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($55.7m) | ($103.4m) | ($226.5m) | ($121.6m) | — | ($399.5m) | |
| Change In Account Payable | — | — | — | — | — | $1.2m | ($4.7m) | $6.2m | $50.9m | — | $50.9m | |
| Change In Other Working Capital | — | — | — | — | — | ($5.0m) | $1.8m | $3.1m | ($20.2m) | — | ($20.2m) | |
| Change In Payable | — | — | — | — | — | $1.2m | ($4.7m) | $6.2m | $50.9m | — | $50.9m | |
| Change In Prepaid Assets | — | — | — | — | — | ($5.0m) | ($9.3m) | $9.3m | ($2.4m) | — | ($2.4m) | |
| Changes In Cash | — | — | — | — | — | $12.7m | $59.1m | ($16.5m) | $131.6m | — | $1.0b | |
| End Cash Position | — | — | — | — | — | $175.9m | $233.5m | $212.9m | $346.1m | — | $1.3b | |
| Financing Cash Flow | — | — | — | — | — | ($68.3m) |
($9.5m)
+86.14%
|
($35.7m)
-276.50%
|
($75.2m)
-110.66%
|
— | $1.2b | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($600k) | ($1.1m) | $676k | ($3.1m) | — | $73k | ($4.1m) | ($276k) | ($4.4m) | — | — | |
| Free Cash Flow | — | — | — | — | — | $118.3m | $149.4m | $213.8m | $299.8m | — | $252.5m | |
| General and Administrative Expense | $26.3m | $31.8m | $53.0m | $65.3m | — | $69.6m | $79.6m | $79.9m | $107.1m | — | — | |
| Goodwill | $10.2m | $26.4m | $307.1m | $306.6m | — | $315.8m | $315.8m | $330.0m | $644.0m | — | $0 | |
| Income taxes | ($4.7m) | $1.1m | $7.6m | ($1.2m) | — | $1.3m | $1.8m | $3.1m | — | ($20.2m) | — | |
| Insured Event, Gain (Loss) | — | — | $0 | $0 | — | — | — | — | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | ($55.7m) | ($103.4m) | ($226.5m) | ($121.6m) | — | ($399.5m) | |
| Investment Income, Interest | $8k | $10k | — | — | — | — | — | — | — | — | — | |
| Issuance Of Shares For Aquisition | — | — | — | — | — | — | $0 | $0 | — | $81.7m | — | |
| Net Business Purchase And Sale | — | — | — | — | — | ($4.6m) | $0 | ($26.8m) | ($436.1m) | — | ($436.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($18.4m) | ($19.8m) | ($31.9m) | ($28.5m) | — | ($13.8m) | |
| Operating Expenses | $93.9m | $117.6m | $140.1m | $251.8m | — | $302.5m | $304.2m | $328.2m | $366.8m | — | — | |
| Other Non Cash Items | — | — | — | — | — | ($563k) | $3.0m | $722k | $8.8m | — | — | |
| Other, net | $590k | $1.3m | $2.1m | $4.7m | — | $2.3m | $3.0m | $722k | — | $8.8m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $8.1m | $5.3m | $9.2m | $13.4m | — | ($73.8m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | $9.3m | $10.0m | $19.2m | $26.5m | — | $11.1m | |
| Purchase Of Business | — | — | — | — | — | ($4.6m) | $0 | ($26.8m) | ($436.1m) | — | ($436.1m) | |
| Purchase Of PPE | $5.2m | $7.5m | $6.8m | $3.8m | $12.0m | ($18.4m) | ($22.6m) | ($31.9m) | ($28.5m) | — | ($13.8m) | |
| Sale Of PPE | — | — | — | — | — | $0 | $2.8m | $0 | $0 | — | $0 | |
| Stock Based Compensation | — | — | — | — | — | $24.4m | $25.5m | $28.6m | $27.6m | — | $31.2m | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | $343k | $510k | — | $3.5m | $300k | ($1.1m) | ($1.7m) | — | — | |
| Payment of contingent consideration for acquired business | ($792k) | ($1.5m) | ($1.8m) | ($569k) | — | ($2.3m) | ($801k) | ($737k) | — | $0 | — | |
| Purchase of business, net of cash acquired | — | ($37.2m) | — | $0 | — | ($23.8m) | $0 | ($26.8m) | — | ($436.1m) | ($436.1m) | |
| Research and Development Asset Acquired in Transaction Other than Business Combination or Joint Venture Formation, Writeoff | — | — | — | $0 | — | $5.7m | $0 | $4.2m | — | $0 | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($32.6m) | ($83.6m) | ($167.9m) | $343.1m | — | $50.3m | |
| Purchase Of Investment | — | — | — | — | — | ($371.3m) | ($480.5m) | ($708.7m) | ($483.8m) | — | ($708.6m) | |
| Sale Of Investment | — | — | — | — | — | $338.6m | $396.8m | $540.8m | $826.9m | — | $758.9m | |
| Net increase in cash and cash equivalents | ($12.2m) | $76.1m | $18.3m | $6.0m | — | $32.9m | $57.6m | ($20.6m) | — | $133.2m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | $6.3m | $57.6m | ($20.6m) | $133.2m | — | — | |
| Income Taxes Paid, Net | $3.0m | $5.6m | ($3.8m) | $6.4m | — | $58.7m | $34.1m | $35.5m | $36.0m | $36.0m | — |