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10-Q Filing

MASIMO CORP CIK: 937556 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000937556-16-000280
Period End Date 20160331
Filing Date 20160504
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance masi-20160402.xml
Filing Contents
Balance Sheet 90 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $2.02M USD Point-in-time
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.97M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $132.32M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $139.90M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $135.72M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $134.45M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,017 and $1,967 at April 2, 2016 and January 2, 2016, respectively AccountsReceivableNetCurrent $80.96M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,017 and $1,967 at April 2, 2016 and January 2, 2016, respectively AccountsReceivableNetCurrent $93.28M USD Point-in-time
Inventories InventoryNet $62.51M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Inventories InventoryNet $62.04M USD Point-in-time
Prepaid income taxes PrepaidTaxes $2.40M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Prepaid income taxes PrepaidTaxes $2.01M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Other current assets OtherAssetsCurrent $19.76M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Other current assets OtherAssetsCurrent $21.42M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 48.98M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 49.88M shares Point-in-time
Total current assets AssetsCurrent $317.46M USD Point-in-time
Total current assets AssetsCurrent $299.14M USD Point-in-time
Treasury stock, shares TreasuryStockShares 13.86M shares Point-in-time
Deferred Costs, Noncurrent DeferredCosts $71.72M USD Point-in-time
Treasury stock, shares TreasuryStockShares 12.76M shares Point-in-time
Deferred Costs, Noncurrent DeferredCosts $70.01M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $132.47M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $133.26M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $27.56M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $28.83M USD Point-in-time
Goodwill Goodwill $20.69M USD Point-in-time
Goodwill Goodwill $20.39M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $44.32M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $41.68M USD Point-in-time
Other assets OtherAssetsNoncurrent $6.14M USD Point-in-time
Other assets OtherAssetsNoncurrent $9.32M USD Point-in-time
Total assets Assets $621.26M USD Point-in-time
Total assets Assets $601.74M USD Point-in-time
Accounts payable AccountsPayableCurrent $25.86M USD Point-in-time
Accounts payable AccountsPayableCurrent $25.31M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $38.41M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $25.28M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $44.22M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $35.14M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $2.78M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $7.13M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $21.28M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $26.75M USD Point-in-time
Long-term Debt and Capital Lease Obligations, Current LongTermDebtAndCapitalLeaseObligationsCurrent $76.00K USD Point-in-time
Long-term Debt and Capital Lease Obligations, Current LongTermDebtAndCapitalLeaseObligationsCurrent $74.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $132.63M USD Point-in-time
Total current liabilities LiabilitiesCurrent $119.69M USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $298.00K USD Point-in-time
Deferred revenue DeferredRevenueNoncurrent $258.00K USD Point-in-time
Long-term Debt and Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations $185.07M USD Point-in-time
Long-term Debt and Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations $225.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $8.02M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $8.33M USD Point-in-time
Total liabilities Liabilities $353.28M USD Point-in-time
Total liabilities Liabilities $326.02M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.001 par value; 5,000 shares authorized; 0 shares issued and outstanding at April 2, 2016 and January 2, 2016 PreferredStockValueOutstanding - USD Point-in-time
Preferred stock, $0.001 par value; 5,000 shares authorized; 0 shares issued and outstanding at April 2, 2016 and January 2, 2016 PreferredStockValueOutstanding - USD Point-in-time
Common stock, $0.001 par value; 100,000 shares authorized; 48,985 and 49,881 shares issued and outstanding at April 2, 2016 and January 2, 2016, respectively CommonStockValueOutstanding $50.00K USD Point-in-time
Common stock, $0.001 par value; 100,000 shares authorized; 48,985 and 49,881 shares issued and outstanding at April 2, 2016 and January 2, 2016, respectively CommonStockValueOutstanding $49.00K USD Point-in-time
Treasury stock, 13,855 and 12,759 shares at April 2, 2016 and January 2, 2016, respectively TreasuryStockValue $383.76M USD Point-in-time
Treasury stock, 13,855 and 12,759 shares at April 2, 2016 and January 2, 2016, respectively TreasuryStockValue $340.87M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $338.89M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $332.42M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-4.74M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-3.34M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $316.14M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $288.56M USD Point-in-time
Total Masimo Corporation stockholders equity StockholdersEquity $275.42M USD Point-in-time
Total Masimo Corporation stockholders equity StockholdersEquity $267.98M USD Point-in-time
Noncontrolling interest MinorityInterest - USD Point-in-time
Noncontrolling interest MinorityInterest $297.00K USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $275.71M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $267.98M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $601.74M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $621.26M USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Product Revenue ProductRevenue $147.36M USD 1 Quarter
Product Revenue ProductRevenue $163.29M USD 1 Quarter
Royalty Royalty $7.18M USD 1 Quarter
Royalty Royalty $7.88M USD 1 Quarter
Total revenue Revenues $171.17M USD 1 Quarter
Total revenue Revenues $154.54M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $56.95M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $51.43M USD 1 Quarter
Gross profit GrossProfit $103.11M USD 1 Quarter
Gross profit GrossProfit $114.21M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $62.51M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $60.80M USD 1 Quarter
Research and Development Expense ResearchAndDevelopmentExpense $14.37M USD 1 Quarter
Research and Development Expense ResearchAndDevelopmentExpense $14.93M USD 1 Quarter
Operating Expenses OperatingExpenses $75.73M USD 1 Quarter
Operating Expenses OperatingExpenses $76.88M USD 1 Quarter
Operating Income (Loss) OperatingIncomeLoss $27.38M USD 1 Quarter
Operating Income (Loss) OperatingIncomeLoss $37.34M USD 1 Quarter
Nonoperating Income (Expense) NonoperatingIncomeExpense $498.00K USD 1 Quarter
Nonoperating Income (Expense) NonoperatingIncomeExpense $153.00K USD 1 Quarter
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $37.84M USD 1 Quarter
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $27.53M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $10.26M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.71M USD 1 Quarter
Net income including noncontrolling interest ProfitLoss $27.58M USD 1 Quarter
Net income including noncontrolling interest ProfitLoss $19.82M USD 1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest $-701.00K USD 1 Quarter
Net Income (Loss) Attributable to Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income attributable to Masimo Corporation stockholders NetIncomeLoss $20.52M USD 1 Quarter
Net income attributable to Masimo Corporation stockholders NetIncomeLoss $27.58M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.40M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.94M USD 1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent ComprehensiveIncomeNetOfTax $28.98M USD 1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent ComprehensiveIncomeNetOfTax $17.58M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $0.39 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $0.56 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $0.53 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $0.38 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 52.69M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 49.42M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 51.95M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 53.96M shares 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interest ProfitLoss $27.58M USD 1 Quarter
Net income including noncontrolling interest ProfitLoss $19.82M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.05M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.78M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.89M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $3.03M USD 1 Quarter
Gain (Loss) on Disposition of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment $-58.00K USD 1 Quarter
Gain (Loss) on Disposition of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment $-152.00K USD 1 Quarter
Deconsolidation, Gain (Loss), Amount DeconsolidationGainOrLossAmount - USD 1 Quarter
Deconsolidation, Gain (Loss), Amount DeconsolidationGainOrLossAmount $273.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $51.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $127.00K USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $2.70M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit - USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $12.27M USD 1 Quarter
(Increase) decrease in accounts receivable IncreaseDecreaseInAccountsReceivable $-2.78M USD 1 Quarter
Increase in inventories IncreaseDecreaseInInventories $88.00K USD 1 Quarter
Increase in inventories IncreaseDecreaseInInventories $326.00K USD 1 Quarter
Decrease in deferred cost of goods sold IncreaseDecreaseInDeferredCharges $-208.00K USD 1 Quarter
Decrease in deferred cost of goods sold IncreaseDecreaseInDeferredCharges $-1.80M USD 1 Quarter
Decrease (increase) in prepaid income taxes IncreaseDecreaseInPrepaidTaxes $104.00K USD 1 Quarter
Decrease (increase) in prepaid income taxes IncreaseDecreaseInPrepaidTaxes $-353.00K USD 1 Quarter
Increase in other assets IncreaseDecreaseInOtherOperatingAssets $621.00K USD 1 Quarter
Increase in other assets IncreaseDecreaseInOtherOperatingAssets $6.46M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $198.00K USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $-3.05M USD 1 Quarter
Increase (Decrease) in Accounts Payable, Related Parties IncreaseDecreaseInAccountsPayableRelatedParties - USD 1 Quarter
Increase (Decrease) in Accounts Payable, Related Parties IncreaseDecreaseInAccountsPayableRelatedParties $-1.13M USD 1 Quarter
Decrease in accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-12.63M USD 1 Quarter
Decrease in accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-10.82M USD 1 Quarter
(Decrease) increase in accrued liabilities IncreaseDecreaseInAccruedLiabilities $7.18M USD 1 Quarter
(Decrease) increase in accrued liabilities IncreaseDecreaseInAccruedLiabilities $-4.22M USD 1 Quarter
Increase in income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $4.51M USD 1 Quarter
Increase in income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $866.00K USD 1 Quarter
Increase in deferred revenue IncreaseDecreaseInDeferredRevenue $5.43M USD 1 Quarter
Increase in deferred revenue IncreaseDecreaseInDeferredRevenue $1.95M USD 1 Quarter
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $67.00K USD 1 Quarter
Increase in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $352.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $18.80M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $19.13M USD 1 Quarter
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $5.35M USD 1 Quarter
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $17.22M USD 1 Quarter
Increase in intangible assets PaymentsToAcquireIntangibleAssets $737.00K USD 1 Quarter
Increase in intangible assets PaymentsToAcquireIntangibleAssets $751.00K USD 1 Quarter
Deconsolidation, Variable Interest Entity, Reduction of Cash DeconsolidationVariableInterestEntityReductionofCash $-763.00K USD 1 Quarter
Deconsolidation, Variable Interest Entity, Reduction of Cash DeconsolidationVariableInterestEntityReductionofCash - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-6.86M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-17.95M USD 1 Quarter
Proceeds from (Repayments of) Lines of Credit ProceedsFromRepaymentsOfLinesOfCredit $-69.00K USD 1 Quarter
Proceeds from (Repayments of) Lines of Credit ProceedsFromRepaymentsOfLinesOfCredit $45.00M USD 1 Quarter
Repayments of Lines of Credit RepaymentsOfLinesOfCredit $5.00M USD 1 Quarter
Repayments of Lines of Credit RepaymentsOfLinesOfCredit - USD 1 Quarter
Repayments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $67.00K USD 1 Quarter
Repayments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations - USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromStockOptionsExercised $4.61M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromStockOptionsExercised $2.55M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $47.70M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $2.15M USD 1 Quarter
Issuance of equity by noncontrolling interest, net of equity issued ProceedsFromPaymentsToMinorityShareholders - USD 1 Quarter
Issuance of equity by noncontrolling interest, net of equity issued ProceedsFromPaymentsToMinorityShareholders $3.00K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-5.21M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $2.39M USD 1 Quarter
Effect of foreign currency exchange rates on cash EffectOfExchangeRateOnCashAndCashEquivalents $855.00K USD 1 Quarter
Effect of foreign currency exchange rates on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.30M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $7.58M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.27M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $132.32M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $139.90M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $135.72M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $134.45M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $139.90M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $135.72M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $132.32M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $134.45M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income including noncontrolling interest ProfitLoss $27.58M USD 1 Quarter
Net income including noncontrolling interest ProfitLoss $19.82M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.94M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.40M USD 1 Quarter
Total comprehensive income OtherComprehensiveIncomeLossNetOfTax $16.88M USD 1 Quarter
Total comprehensive income OtherComprehensiveIncomeLossNetOfTax $28.98M USD 1 Quarter
Net loss attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-701.00K USD 1 Quarter
Net loss attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive income attributable to Masimo Corporation stockholders ComprehensiveIncomeNetOfTax $28.98M USD 1 Quarter
Comprehensive income attributable to Masimo Corporation stockholders ComprehensiveIncomeNetOfTax $17.58M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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