MKS Instruments Files Q2 2024 10-Q
Ticker: MKSI · Form: 10-Q · Filed: Aug 8, 2024 · CIK: 1049502
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
MKS Instruments filed their Q2 2024 10-Q. Financials are in.
AI Summary
MKS Instruments, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and position. Key financial data and disclosures are provided, reflecting the company's operations during the second quarter of 2024.
Why It Matters
This filing provides investors and analysts with the official financial results and operational details for MKS Instruments for the second quarter of 2024, crucial for understanding the company's current performance and future outlook.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks disclosed.
Key Players & Entities
- MKS INSTRUMENTS INC (company) — Filer
- 0000950170-24-093615 (other) — Accession Number
- 20240630 (date) — Period of Report
- 20240808 (date) — Filing Date
- 0001049502 (other) — Central Index Key
- MA (location) — State of Incorporation
- 978-645-5500 (phone_number) — Business Phone
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240630, indicating the filing covers the period ending June 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on 20240808.
What is the Central Index Key for MKS Instruments Inc.?
The Central Index Key for MKS Instruments Inc. is 0001049502.
Where is MKS Instruments Inc. incorporated?
MKS Instruments Inc. is incorporated in MA (Massachusetts).
What is the business phone number listed for MKS Instruments Inc.?
The business phone number listed is 978-645-5500.
Filing Stats: 4,593 words · 18 min read · ~15 pages · Grade level 16.8 · Accepted 2024-08-08 13:00:32
Filing Documents
- mksi-20240630.htm (10-Q) — 3026KB
- mksi-ex10_1.htm (EX-10.1) — 83KB
- mksi-ex31_1.htm (EX-31.1) — 15KB
- mksi-ex32_1.htm (EX-32.1) — 11KB
- 0000950170-24-093615.txt ( ) — 14573KB
- mksi-20240630.xsd (EX-101.SCH) — 1841KB
- mksi-20240630_htm.xml (XML) — 3400KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION ITEM 1.
FINANCIAL STATEMENTS (Unaudited)
FINANCIAL STATEMENTS (Unaudited) 3 Condensed Consolidated Balance Sheets – June 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) – Three and Six Months Ended June 30, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Equity – Three and Six Months Ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows – Six Months Ended June 30, 2024 and 2023 6 Notes to Unaudited Condensed Consolidated Financial Statements 7 ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 29 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 42 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 42
OTHER INFORMATION
PART II. OTHER INFORMATION ITEM 1A.
RISK FACTORS
RISK FACTORS 43 ITEM 5. OTHER INFORMATION 44 ITEM 6. EXHIBITS 45
FINANCI AL INFORMATION
PART I. FINANCI AL INFORMATION
FINANCI AL STATEMENTS
ITEM 1. FINANCI AL STATEMENTS. MKS INSTRUMENTS, INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (in millions, except per share data) (Unaudited) ASSETS June 30, 2024 December 31, 2023 Current assets: Cash and cash equivalents $ 850 $ 875 Short-term investments 1 — Accounts receivable, net of allowance for doubtful accounts of $ 7 and $ 6 at June 30, 2024 and December 31, 2023, respectively 597 603 Inventories 938 991 Other current assets 262 227 Total current assets 2,648 2,696 Property, plant and equipment, net 759 784 Right-of-use assets, net 229 225 Goodwill 2,495 2,554 Intangible assets, net 2,418 2,619 Other assets 314 240 Total assets $ 8,863 $ 9,118 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt $ 50 $ 93 Accounts payable 291 327 Other current liabilities 399 428 Total current liabilities 740 848 Long-term debt, net 4,832 4,696 Non-current deferred taxes 588 640 Non-current accrued compensation 144 151 Non-current lease liabilities 202 205 Other non-current liabilities 124 106 Total liabilities 6,630 6,646 Commitments and contingencies (Note 17) Stockholders' equity: Preferred stock, $ 0.01 par value per share, 2 shares authorized; no shares issued and outstanding — — Common stock, no par value, 200 shares authorized; 67.3 and 66.9 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively — — Additional paid-in capital 2,042 2,195 Retained earnings 381 373 Accumulated other comprehensive (loss) income ( 190 ) ( 96 ) Total stockholders' equity 2,233 2,472 Total liabilities and stockholders' equity $ 8,863 $ 9,118 The accompanying notes are an integral part of the unaudited condensed consolidated financial statements. 3 MKS INSTRUMENTS, INC. CONDENSED CONSOLIDATED S TATEMENTS OF OPERATIONS