Cash flow Onto Innovation Inc.

Equities

ONTO

US6833441057

Semiconductor Equipment & Testing

Market Closed - Nyse Other stock markets 21:00:01 12/09/2024 BST			5-day change	1st Jan Change
192.97 ^USD	-0.72%		+2.83%	+26.21%

09-05	Transcript : Onto Innovation Inc. Presents at Citi's 2024 Global TMT Conference, Sep-05-2024 07:30 AM
09-04	Onto Innovation Inc. Announces Opening of Packaging Applications Center of Excellence	CI

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Published financial data: ONTO INNOVATION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	306M	556M	789M	1.01B	816M
Total Revenues	306M	556M	789M	1.01B	816M
Cost of Goods Sold, Total	150M	267M	359M	466M	396M
Gross Profit	156M	289M	429M	539M	420M
Selling General & Admin Expenses, Total	65.69M	113M	125M	135M	145M
R&D Expenses	48.36M	84.58M	96.12M	112M	104M
Amortization of Goodwill and Intangible Assets - (IS)	10.44M	53.75M	51.37M	55.28M	54.82M
Other Operating Expenses, Total	124M	252M	273M	303M	304M
Operating Income	31.85M	37.36M	157M	237M	116M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	3.67M	2.9M	1.16M	5.01M	20.36M
Net Interest Expenses	3.67M	2.9M	1.16M	5.01M	20.36M
Currency Exchange Gains (Loss)	676K	-3.07M	-2.02M	-73K	-4.09M
Other Non Operating Income (Expenses)	104K	362K	132K	-68K	239K
EBT, Excl. Unusual Items	36.29M	37.55M	156M	242M	133M
Restructuring Charges	-5.94M	-	-	-	-
Merger & Related Restructuring Charges	-30.17M	-10.68M	-393K	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-507K	-	-	-	-
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-267K	-	-	-	-
EBT, Incl. Unusual Items	-597K	26.87M	156M	242M	133M
Income Tax Expense	-2.51M	-4.16M	13.33M	18.25M	11.42M
Earnings From Continuing Operations	1.91M	31.02M	142M	223M	121M
Net Income to Company	1.91M	31.02M	142M	223M	121M
Net Income - (IS)	1.91M	31.02M	142M	223M	121M
Net Income to Common Incl Extra Items	1.91M	31.02M	142M	223M	121M
Net Income to Common Excl. Extra Items	1.91M	31.02M	142M	223M	121M
Per Share Items
Net EPS - Basic	0.06	0.63	2.89	4.52	2.47
Basic EPS - Continuing Operations	0.06	0.63	2.89	4.52	2.47
Basic Weighted Average Shares Outstanding	29.73M	49.14M	49.24M	49.42M	48.97M
Net EPS - Diluted	0.06	0.63	2.86	4.49	2.46
Diluted EPS - Continuing Operations	0.06	0.63	2.86	4.49	2.46
Diluted Weighted Average Shares Outstanding	30.01M	49.48M	49.73M	49.76M	49.32M
Normalized Basic EPS	0.76	0.48	1.98	3.05	1.69
Normalized Diluted EPS	0.76	0.47	1.96	3.03	1.68
Supplemental Items
EBITDA	48.26M	105M	223M	301M	183M
EBITA	42.29M	91.1M	208M	292M	171M
EBIT	31.85M	37.36M	157M	237M	116M
EBITDAR	52.38M	112M	229M	308M	190M
Effective Tax Rate - (Ratio)	419.93	-15.47	8.56	7.55	8.62
Current Domestic Taxes	61K	1.84M	22.8M	48.95M	29.2M
Current Foreign Taxes	1.55M	5.64M	3.15M	2.9M	4.65M
Total Current Taxes	1.61M	7.47M	25.95M	51.85M	33.85M
Deferred Domestic Taxes	-4.22M	-11.39M	-10.02M	-33.13M	-22.19M
Deferred Foreign Taxes	108K	-240K	-2.6M	-473K	-242K
Total Deferred Taxes	-4.12M	-11.63M	-12.62M	-33.6M	-22.43M
Normalized Net Income	22.68M	23.47M	97.55M	151M	82.86M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	28.25M	48.14M	57.24M	65.69M	61.76M
General and Administrative Expenses	37.44M	65.31M	67.96M	69.58M	83.15M
Research And Development Expense From Footnotes	48.36M	84.58M	96.12M	112M	104M
Net Rental Expense, Total	4.12M	6.76M	5.96M	6.37M	6.53M
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	10.58M	17.66M	19.54M	24.43M	25.51M
Total Stock-Based Compensation	10.58M	17.66M	19.54M	24.43M	25.51M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	131M	137M	170M	176M	234M
Short Term Investments	190M	237M	342M	372M	464M
Total Cash And Short Term Investments	320M	374M	511M	548M	698M
Accounts Receivable, Total	124M	149M	177M	241M	227M
Other Receivables	-	-	-	-	-
Total Receivables	124M	149M	177M	241M	227M
Inventory	176M	191M	243M	324M	328M
Prepaid Expenses	21.52M	17.47M	16.43M	21.41M	31.13M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	120K	-	-	-	-
Total Current Assets	642M	732M	948M	1.13B	1.28B
Gross Property Plant And Equipment	160M	153M	146M	165M	180M
Accumulated Depreciation	-38.11M	-44.92M	-46.53M	-52.19M	-57.91M
Net Property Plant And Equipment	122M	108M	99.58M	113M	122M
Goodwill	307M	307M	316M	316M	316M
Other Intangibles, Total	372M	318M	277M	222M	167M
Loans Receivable Long-Term	3M	-	-	-	-
Deferred Tax Assets Long-Term	1.46M	2.24M	4.82M	4.78M	18.84M
Other Long-Term Assets, Total	1.35M	1.67M	4.23M	4.48M	2.45M
Total Assets	1.45B	1.47B	1.65B	1.79B	1.91B
Liabilities
Accounts Payable, Total	27.74M	40.18M	53.34M	54.53M	49.87M
Accrued Expenses, Total	22.99M	32.2M	34.86M	38.91M	38.45M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	4.91M	4.47M	3.97M	5.68M	5.49M
Current Income Taxes Payable	2.78M	4.11M	6.32M	1.91M	3.21M
Unearned Revenue Current, Total	12.63M	14.33M	29.98M	30.16M	24.76M
Other Current Liabilities	14.7M	24.8M	26.06M	29.37M	25.94M
Total Current Liabilities	85.74M	120M	155M	161M	148M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	19.97M	16.46M	13.75M	16.34M	14.03M
Unearned Revenue Non Current	2.46M	1.29M	1.69M	2.85M	2.46M
Deferred Tax Liability Non Current	67.04M	55.62M	40.28M	7.37M	-
Other Non Current Liabilities	9.34M	9.96M	13.5M	11.32M	8.96M
Total Liabilities	185M	203M	224M	198M	173M
Common Stock, Total	50K	49K	49K	49K	49K
Additional Paid In Capital	1.27B	1.23B	1.26B	1.24B	1.26B
Retained Earnings	-4.86M	26.16M	169M	363M	482M
Comprehensive Income and Other	-598K	4.57M	1.32M	-10.01M	-7.9M
Total Common Equity	1.26B	1.26B	1.43B	1.6B	1.74B
Total Equity	1.26B	1.26B	1.43B	1.6B	1.74B
Total Liabilities And Equity	1.45B	1.47B	1.65B	1.79B	1.91B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	50.28M	48.88M	49.36M	48.75M	49.13M
ECS Total Common Shares Outstanding	50.18M	48.76M	49.3M	48.68M	49.09M
Book Value / Share	25.19	25.94	28.93	32.79	35.38
Tangible Book Value	585M	640M	833M	1.06B	1.25B
Tangible Book Value Per Share	11.66	13.12	16.9	21.74	25.53
Total Debt	24.88M	20.92M	17.72M	22.02M	19.52M
Net Debt	-295M	-353M	-494M	-526M	-678M
Debt Equivalent Oper. Leases	32.99M	54.05M	47.71M	50.94M	52.22M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	108M	125M	157M	231M	234M
Inventories - Work In Process, Total	42.69M	44.83M	60.42M	69.07M	67.82M
Inventories - Finished Goods, Total	24.95M	21.46M	25.35M	24.18M	25.49M
Land - (BS)	47.22M	47.54M	48.3M	50.34M	47.89M
Machinery, Total	76.24M	72.4M	66.62M	75.29M	91.54M
Full Time Employees	1.34K	1.25K	1.41K	1.64K	1.5K
Accumulated Allowance for Doubtful Accounts (Supple)	1.25M	784K	1.3M	1.57M	2.66M
Order Backlog	71.7M	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.91M	31.02M	142M	223M	121M
Depreciation & Amortization - CF	5.96M	13.83M	14.44M	9.38M	12.39M
Amortization of Goodwill and Intangible Assets - (CF)	10.44M	53.75M	51.37M	55.28M	54.82M
Depreciation & Amortization, Total	16.41M	67.58M	65.8M	64.66M	67.21M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	5.65M	-
Stock-Based Compensation (CF)	10.58M	17.66M	19.54M	24.43M	25.51M
Provision and Write-off of Bad Debts	11.2M	-	-	-	-
Other Operating Activities, Total	13.35M	18.46M	-1.78M	-24.85M	-9.42M
Change In Accounts Receivable	-9.72M	-25.82M	-27.83M	-65.14M	12.15M
Change In Inventories	-9.34M	-42.41M	-57.18M	-93.9M	-16.46M
Change In Accounts Payable	-12.14M	11.4M	12.14M	1.18M	-4.68M
Change in Unearned Revenues	-	-	-	-	-
Change In Income Taxes	7.65M	-1.2M	1.31M	-5.01M	1.8M
Change in Other Net Operating Assets	-11.76M	29.28M	20.93M	6.35M	-25.29M
Cash from Operations	18.15M	106M	175M	137M	172M
Capital Expenditure	-6.8M	-3.83M	-12.04M	-18.4M	-22.57M
Sale of Property, Plant, and Equipment	-	-	-	-	2.8M
Cash Acquisitions	43.88M	-	-23.8M	-4.64M	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-32.98M	-47.62M	-106M	-32.64M	-83.61M
Other Investing Activities, Total	-	2.85M	-	-	-
Cash from Investing	4.1M	-48.6M	-142M	-55.69M	-103M
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	844K	2.92M	10.07M	8.07M	5.28M
Repurchase of Common Stock	-3.28M	-56.05M	-7.4M	-74.13M	-13.96M
Other Financing Activities, Total	-1.76M	-569K	-	-2.29M	-801K
Cash from Financing	-4.2M	-53.7M	2.67M	-68.35M	-9.48M
Foreign Exchange Rate Adjustments	233K	2.36M	-3.28M	-6.39M	-1.48M
Miscellaneous Cash Flow Adjustments	-	-	-	-1K	-
Net Change in Cash	18.28M	6.05M	32.88M	6.27M	57.64M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	-3.85M	6.42M	23.77M	58.69M	34.1M
Levered Free Cash Flow	-69.65M	103M	127M	72.61M	132M
Unlevered Free Cash Flow	-69.65M	103M	127M	72.61M	132M
Change In Net Working Capital	110M	1.73M	43.87M	146M	11.02M
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.13	1.6	6.29	8.59	3.92
Return on Total Capital	2.41	1.81	7.18	9.66	4.3
Return On Equity %	0.23	2.45	10.58	14.78	7.27
Return on Common Equity	0.23	2.45	10.58	14.78	7.27
Margin Analysis
Gross Profit Margin %	51.11	51.96	54.44	53.64	51.51
SG&A Margin	21.48	20.39	15.87	13.46	17.76
EBITDA Margin %	15.78	18.86	28.22	29.98	22.47
EBITA Margin %	13.83	16.37	26.39	29.05	20.95
EBIT Margin %	10.41	6.71	19.88	23.55	14.23
Income From Continuing Operations Margin %	0.62	5.58	18.04	22.22	14.85
Net Income Margin %	0.62	5.58	18.04	22.22	14.85
Net Avail. For Common Margin %	0.62	5.58	18.04	22.22	14.85
Normalized Net Income Margin	7.42	4.22	12.36	15.02	10.16
Levered Free Cash Flow Margin	-22.77	18.51	16.15	7.22	16.14
Unlevered Free Cash Flow Margin	-22.77	18.51	16.15	7.22	16.14
Asset Turnover
Asset Turnover	0.33	0.38	0.51	0.58	0.44
Fixed Assets Turnover	4.34	4.85	7.61	9.47	6.95
Receivables Turnover (Average Receivables)	3.26	4.08	4.83	4.8	3.49
Inventory Turnover (Average Inventory)	1.1	1.46	1.66	1.64	1.21
Short Term Liquidity
Current Ratio	7.48	6.09	6.14	7.07	8.69
Quick Ratio	5.18	4.35	4.46	4.92	6.26
Operating Cash Flow to Current Liabilities	0.21	0.88	1.13	0.85	1.16
Days Sales Outstanding (Average Receivables)	112.07	88.52	76.76	75.79	104.39
Days Outstanding Inventory (Average Inventory)	333.09	248	224.16	221.62	299.97
Average Days Payable Outstanding	35.66	43.41	42.18	35.88	47.61
Cash Conversion Cycle (Average Days)	409.5	293.11	258.74	261.53	356.76
Long Term Solvency