← WATERS CORP /DE/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $521.5m | $20.3m | $593.8m | $592.2m | $521.6m | $692.8m | $707.8m | $642.2m | $637.8m | $642.6m | — | |
| Amortization | $44.8m | $44.6m | $50.5m | $51.5m | $56.7m | $60.1m | $58.4m | $81.3m | $104.8m | $118.1m | $110.5m | |
| Amortization of Deferred Charges | $45.0m | $45.0m | $50.0m | $51.0m | $57.0m | $60.0m | — | — | — | — | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | $58.0m | $81.0m | $105.0m | $118.0m | — | |
| Depreciation | $51.7m | $61.5m | $58.0m | $53.8m | $68.7m | $71.6m | $72.0m | $84.6m | $87.0m | $88.1m | $86.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $130.4m | $165.9m | $191.8m | $206.2m | $613.2m | |
| Deferred Income Tax Expense (Benefit) | $1.2m | $45.5m | $2.4m | $9.6m | ($2.7m) | $16.6m | ($32.0m) | ($1.2m) | ($877k) | ($14.7m) | ($3.0m) | |
| Deferred Other Tax Expense (Benefit) | ($3.0m) | — | — | — | — | — | — | — | — | — | — | |
| Deferred Tax | — | — | — | — | — | — | ($32.0m) | ($1.2m) | ($877k) | ($14.7m) | ($3.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $41.0m | $39.4m | $37.5m | $38.6m | $36.9m | $29.9m | $42.6m | $36.9m | $44.7m | $54.1m | $73.2m | |
| Share-based Payment Arrangement, Expense | $41.0m | $39.4m | $37.5m | $38.6m | $36.9m | $29.9m | $42.6m | $36.9m | $44.7m | $54.1m | $73.2m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | — | $4.0m | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Nonoperating Income (Expense) | — | — | $47.8m | $3.6m | ($1.8m) | $17.2m | $2.2m | $807k | $776k | $3.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($247.1m) | ($240.3m) | ($111.4m) | ($233.4m) | ($537.7m) | |
| Increase (Decrease) in Accounts Receivable | $31.7m | $24.0m | $47.9m | $22.2m | ($37.5m) | $62.4m | $137.9m | ($49.2m) | $66.2m | $55.5m | ($93.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($137.9m) | $49.2m | ($66.2m) | ($55.5m) | ($93.0m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($137.9m) | $49.2m | ($66.2m) | ($55.5m) | ($93.0m) | |
| Increase (Decrease) in Inventories | $20.1m | ($731k) | $25.4m | $31.9m | ($18.9m) | $67.2m | $101.9m | $45.4m | ($20.9m) | $65.9m | $2.0m | |
| Inventory Write-down | $9.0m | $2.0m | $8.0m | $13.0m | $12.0m | $9.0m | $14.0m | $11.0m | $14.0m | $6.0m | — | |
| Change In Inventory | — | — | — | — | — | — | ($101.9m) | ($45.4m) | $20.9m | ($65.9m) | $2.0m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($28.6m) | ($69.4m) | ($4.9m) | ($11.6m) | $2.5m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($52.6m) | ($105.5m) | ($128.9m) | ($12.3m) | $86k | |
| Net Cash Provided by (Used in) Operating Activities | $629.1m |
$697.6m
+10.90%
|
$604.4m
-13.36%
|
$643.1m
+6.39%
|
$790.5m
+22.92%
|
$747.3m
-5.47%
|
$611.7m
-18.15%
|
$602.8m
-1.45%
|
$762.1m
+26.43%
|
$652.6m
-14.38%
|
$548.9m
-15.89%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($183.5m) | ($160.6m) | ($142.5m) | ($112.7m) | ($151.4m) | |
| Cash, Cash Equivalents, and Short-term Investments | $2.8b | $3.4b | $1.7b | $337.0m | $443.0m | $569.0m | $481.0m | $396.0m | $325.0m | $588.0m | — | |
| Payments to Acquire Investments | $2.4b | $3.0b | $1.0b | $37.0m | $25.9m | $279.7m | $11.4m | $1.8m | $3.7m | $0 | ($1.9m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $9.7m | $0 | $0 | — | — | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | $5.6m | — | $31.5m | — | $80.5m | $0 | $0 | $1.3b | $0 | $35.1m | ($35.2m) | |
| Net Other Investing Changes | — | — | — | — | — | — | — | ($1.3b) | — | ($32.2m) | ($32.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($487.9m) | ($535.8m) | $1.7b | $768.8m | ($264.1m) | ($231.6m) | ($108.0m) | ($1.4b) | ($144.0m) | ($152.3m) | $30.3m | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $325.3m | $1.3b | $850.4m | $390.5m | $640.4m | $350.0m | $145.0m | $670.0m | $900.0m | $290.0m | ($4.1b) | |
| Proceeds from Issuance of Long-term Debt | $485.3m | $1.5b | $274k | $925.7m | $315.0m | $510.0m | $205.0m | $1.5b | $170.0m | $70.0m | $3.7b | |
| Issuance Of Debt | — | — | — | — | — | — | $205.0m | $1.5b | $170.0m | $70.0m | $3.7b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $205.0m | $1.5b | $170.0m | $70.0m | $3.7b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($145.0m) | ($670.0m) | ($900.0m) | ($290.0m) | ($4.1b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $60.0m | $780.0m | ($730.0m) | ($220.0m) | ($348.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $60.0m | $780.0m | ($730.0m) | ($220.0m) | ($348.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($145.0m) | ($670.0m) | ($900.0m) | ($290.0m) | ($4.1b) | |
| Payments for Repurchase of Common Stock | $325.8m | $332.5m | $1.3b | $2.5b | $196.4m | $648.9m | $626.1m | $70.3m | $13.5m | $14.7m | — | |
| Common Stock Payments | — | — | — | — | — | — | ($626.1m) | ($70.3m) | ($13.5m) | ($14.7m) | ($14.4m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($626.1m) | ($70.3m) | ($13.5m) | ($14.7m) | ($14.4m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($626.1m) | ($70.3m) | ($13.5m) | ($14.7m) | ($14.4m) | |
| Net Other Financing Charges | — | — | — | — | — | — | $13.6m | $15.4m | $16.5m | ($23.3m) | ($60.6m) | |
| Net Cash Provided by (Used in) Financing Activities | ($101.9m) |
($63.9m)
+37.30%
|
($2.1b)
-3218.55%
|
($1.9b)
+11.65%
|
($440.5m)
+76.48%
|
($438.3m)
+0.51%
|
($509.6m)
-16.28%
|
$755.0m
+248.14%
|
($696.7m)
-192.28%
|
($237.2m)
+65.95%
|
($399.9m)
-68.60%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($21.3m) | $38.7m | $154.0m | ($460.6m) | $101.0m | $64.5m | ($20.7m) | ($85.5m) | ($70.7m) | $262.5m | $546.5m | |
| Beginning Cash Position | — | — | — | — | — | — | $501.2m | $480.5m | $395.1m | $325.4m | $367.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $796.3m | $335.7m | $436.7m | $501.2m | $480.5m | $395.1m | $324.4m | $587.8m | $546.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($21.3m) | $38.7m | ($14.3m) | $224k | $15.1m | ($12.8m) | ($14.8m) | ($948k) | $7.9m | ($621k) | ($7.7m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($14.8m) | ($948k) | $7.9m | ($621k) | ($7.7m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $43.6m | $56.5m | $50.8m | $42.8m | $52.1m | $42.4m | $48.1m | $94.1m | $92.1m | $44.6m | — | |
| Income Taxes Paid, Net | $50.0m | $70.6m | $159.4m | $88.0m | $97.6m | $153.5m | $160.1m | $243.3m | $183.3m | $244.2m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($4.0m) | ($1.0m) | ($3.0m) | ($9.0m) | ($7.0m) | ($5.0m) | ($31.0m) | ($16.0m) | $36.0m | $28.0m | — | |
| Gain (Loss) on Disposition of Assets | $1.5m | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | ($3.5m) | ($11.1m) | $426k | — | ($1.2m) | ($5.2m) | $0 | $0 | ($11.6m) | $0 | — | |
| Goodwill | $352.1m | $359.8m | $355.6m | $356.1m | $444.4m | $437.9m | $430.3m | $1.3b | $1.3b | $1.3b | $0 | |
| Income Tax Expense (Benefit) | $78.6m | $620.8m | $88.4m | $86.0m | $89.3m | $113.3m | $130.1m | $94.0m | $117.0m | $112.2m | — | |
| Investment Income, Interest | $20.7m | $36.1m | $38.8m | $22.1m | $16.3m | $12.2m | $11.0m | $16.6m | $17.4m | $18.8m | — | |
| Payments of Financing Costs | — | — | — | — | — | — | — | — | — | $16.0m | — | |
| Proceeds from Stock Options Exercised | — | — | $45.0m | $46.0m | $59.0m | $46.0m | $32.0m | $18.0m | $21.0m | $10.0m | — | |
| Realized Investment Gains (Losses) | — | — | ($1.0m) | — | — | — | — | $742k | $0 | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($509.6m) | $755.0m | ($696.7m) | ($237.2m) | ($399.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($108.0m) | ($1.4b) | ($143.1m) | ($152.3m) | $30.3m | |
| Change In Account Payable | — | — | — | — | — | — | $61.0m | ($79.5m) | $61.6m | ($89.0m) | ($71.3m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($20.7m) | ($85.5m) | ($69.7m) | $262.5m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $12.9m | $10.4m | $6.2m | $957k | $1.2m | |
| Change In Payable | — | — | — | — | — | — | $61.0m | ($79.5m) | $61.6m | ($89.0m) | ($71.3m) | |
| Changes In Cash | — | — | — | — | — | — | ($5.9m) | ($84.5m) | ($77.6m) | $263.1m | $179.3m | |
| End Cash Position | — | — | — | — | — | — | $480.5m | $395.1m | $325.4m | $587.8m | $546.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($509.6m) |
$755.0m
+248.14%
|
($696.7m)
-192.28%
|
($237.2m)
+65.95%
|
($399.9m)
-68.60%
|
|
| Free Cash Flow | — | — | — | — | — | — | $428.2m | $442.2m | $619.6m | $539.8m | $398.5m | |
| Investing Cash Flow | — | — | — | — | — | — | ($108.0m) | ($1.4b) | ($143.1m) | ($152.3m) | $30.3m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $8.9m | $742k | ($1.5m) | ($7.3m) | $163.0m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | ($7.0m) | ($7.5m) | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $66.6m | ($21k) | $881k | $0 | ($17k) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($175.9m) | ($160.6m) | ($142.5m) | ($112.7m) | ($151.4m) | |
| Other Non Cash Items | — | — | — | — | — | — | $10.0m | ($742k) | — | ($2.4m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $42.8m | $29.8m | $30.4m | $20.8m | $23.1m | |
| Purchase Of Business | — | — | — | — | — | ($1.8m) | $0 | ($1.3b) | $0 | — | ($35.2m) | |
| Purchase Of Intangibles | — | — | — | — | — | ($7.0m) | ($7.5m) | $0 | $0 | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($11.4m) | ($1.8m) | ($3.7m) | $0 | ($1.9m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($175.9m) | ($160.6m) | ($142.5m) | ($112.7m) | ($151.4m) | |
| Sale Of Investment | — | — | — | — | — | — | $78.0m | $1.8m | $4.6m | $0 | $1.9m | |
| Stock Based Compensation | — | — | — | — | — | — | $42.6m | $36.9m | $44.7m | $54.1m | $73.2m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | ($9.7m) | $0 | $0 | — | — | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.