MKS Instruments Files 10-Q for Q3 2024
Ticker: MKSI · Form: 10-Q · Filed: Nov 7, 2024 · CIK: 1049502
Sentiment: neutral
Topics: 10-Q, financials, liabilities
TL;DR
MKS Instruments filed its Q3 10-Q, showing financial details like liabilities and amortization.
AI Summary
MKS Instruments, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates. Key financial data includes liabilities and amortization of intangible assets, with specific figures not detailed in this header information.
Why It Matters
This filing provides investors and analysts with an update on MKS Instruments' financial health and operational status for the third quarter of 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags in the provided header information.
Key Numbers
- N/A — Revenue (Specific revenue figures are not present in the provided header.)
- N/A — Net Income (Specific net income figures are not present in the provided header.)
- N/A — Total Assets (Specific asset figures are not present in the provided header.)
Key Players & Entities
- MKS INSTRUMENTS INC (company) — Filer
- 0000950170-24-123394 (other) — Accession Number
- 20240930 (date) — Period of Report
- 20241107 (date) — Filing Date
- MA (location) — State of Incorporation
FAQ
What is the reported net revenue for the third quarter of 2024?
The provided header information does not contain specific net revenue figures for the third quarter of 2024.
What were the total liabilities as of September 30, 2024?
The filing references 'Liabilities' but does not provide a specific total dollar amount in the header information.
What is the amount of Amortization of Intangible Assets for the period?
The filing references 'AmortizationOfIntangibleAssets' but does not provide a specific dollar amount in the header information.
What is the company's fiscal year end?
MKS Instruments, Inc.'s fiscal year ends on December 31.
What is the company's primary business address?
The company's business address is 2 TECH DRIVE, SUITE 201, ANDOVER, MA 01810.
Filing Stats: 4,557 words · 18 min read · ~15 pages · Grade level 17 · Accepted 2024-11-07 16:21:04
Filing Documents
- mksi-20240930.htm (10-Q) — 2963KB
- mksi-ex10_1.htm (EX-10.1) — 87KB
- mksi-ex31_1.htm (EX-31.1) — 16KB
- mksi-ex31_2.htm (EX-31.2) — 16KB
- mksi-ex32_1.htm (EX-32.1) — 13KB
- 0000950170-24-123394.txt ( ) — 13960KB
- mksi-20240930.xsd (EX-101.SCH) — 1786KB
- mksi-20240930_htm.xml (XML) — 3079KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION ITEM 1.
FINANCIAL STATEMENTS (Unaudited)
FINANCIAL STATEMENTS (Unaudited) 3 Condensed Consolidated Balance Sheets – September 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) – Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Equity – Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows – Nine Months Ended September 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 28 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 43 ITEM 6. EXHIBITS 44
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 share and per share data) (Unaudited) ASSETS September 30, 2024 December 31, 2023 Current assets: Cash and cash equivalents $ 861 $ 875 Accounts receivable, net of allowance for doubtful accounts of $ 7 and $ 6 at September 30, 2024 and December 31, 2023, respectively 609 603 Inventories 940 991 Other current assets 258 227 Total current assets 2,668 2,696 Property, plant and equipment, net 770 784 Right-of-use assets, net 247 225 Goodwill 2,567 2,554 Intangible assets, net 2,443 2,619 Other assets 328 240 Total assets $ 9,023 $ 9,118 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt $ 50 $ 93 Accounts payable 306 327 Other current liabilities 425 428 Total current liabilities 781 848 Long-term debt, net 4,758 4,696 Non-current deferred taxes 590 640 Non-current accrued compensation 154 151 Non-current lease liabilities 216 205 Other non-current liabilities 126 106 Total liabilities 6,625 6,646 Commitments and contingencies (Note 17) Stockholders' equity: Preferred stock, $ 0.01 par value per share, 2,000,000 shares authorized; no shares issued and outstanding — — Common stock, no par value, 200,000,000 shares authorized; 67,298,941 and 66,942,421 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively — — Additional paid-in capital 2,053 2,195 Retained earnings 428 373 Accumulated other comprehensive (loss) income ( 83 ) ( 96 ) Total stockholders' equity 2,398 2,472 Total liabilities and stockholders' equity $ 9,023 $ 9,118 The accompanying notes are an integral part of the unaudited condensed consolidated financial statements. 3 MKS INSTRUMENTS, INC. CONDENSED CONSOLIDATED S TATEMEN