10-Q Filing

MASIMO CORP CIK: 937556 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000937556-18-000079`
Period End Date	20180331
Filing Date	20180507
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	masi-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 40 Cash Flow Statement 61 Comprehensive Income 4

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.12K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.72K	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`	$343.82M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$315.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$369.50M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,717 and $2,116 at March 31, 2018 and December 30, 2017, respectively.	`AccountsReceivableNetCurrent`	$118.53M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,717 and $2,116 at March 31, 2018 and December 30, 2017, respectively.	`AccountsReceivableNetCurrent`	$101.09M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$92.26M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$91.06M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$34.66M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$33.60M	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
Total current assets	`AssetsCurrent`	$559.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$596.32M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred Costs, Noncurrent	`DeferredCosts`	$114.96M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51,784.00	shares	Point-in-time
Deferred Costs, Noncurrent	`DeferredCosts`	$109.26M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51,636.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$164.24M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15,059.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15,255.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$164.10M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$29.45M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$27.12M	USD	Point-in-time
Goodwill	`Goodwill`	$20.48M	USD	Point-in-time
Goodwill	`Goodwill`	$20.62M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$19.98M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$20.03M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.67M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$4.09M	USD	Point-in-time
Total assets	`Assets`	$905.43M	USD	Point-in-time
Total assets	`Assets`	$949.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.89M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$28.70M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$39.52M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$30.82M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$24.25M	USD	Point-in-time
Deferred revenue and other contract-related liabilities, current	`DeferredRevenueCurrent`	$32.10M	USD	Point-in-time
Deferred revenue and other contract-related liabilities, current	`DeferredRevenueCurrent`	$34.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$130.93M	USD	Point-in-time
Deferred Credits and Other Liabilities	`DeferredCreditsAndOtherLiabilities`	$52.12M	USD	Point-in-time
Deferred Credits and Other Liabilities	`DeferredCreditsAndOtherLiabilities`	$51.76M	USD	Point-in-time
Deferred revenue, long-term	`DeferredRevenueNoncurrent`	$237.00K	USD	Point-in-time
Deferred revenue, long-term	`DeferredRevenueNoncurrent`	$212.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$183.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$181.41M	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 March 31, 2018 and December 30, 2017	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000 shares authorized; 0 shares issued and outstanding at March 31, 2018 and December 30, 2017	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000 shares authorized; 51,784 and 51,636 shares issued and outstanding at March 31, 2018 and December 30, 2017, respectively	`CommonStockValueOutstanding`	$52.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000 shares authorized; 51,784 and 51,636 shares issued and outstanding at March 31, 2018 and December 30, 2017, respectively	`CommonStockValueOutstanding`	$52.00K	USD	Point-in-time
Treasury stock, 15,255 and 15,059 shares at March 31, 2018 and December 30, 2017, respectively	`TreasuryStockValue`	$489.03M	USD	Point-in-time
Treasury stock, 15,255 and 15,059 shares at March 31, 2018 and December 30, 2017, respectively	`TreasuryStockValue`	$472.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$461.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$475.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-2.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-3.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$783.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$737.96M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$724.02M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$766.51M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$949.56M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$905.43M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Total product revenue	`SalesRevenueGoodsNet`	$204.39M	USD	1 Quarter
Total product revenue	`SalesRevenueGoodsNet`	$182.47M	USD	1 Quarter
Royalty and other revenue	`Royaltyrevenueandother`	$8.56M	USD	1 Quarter
Royalty and other revenue	`Royaltyrevenueandother`	$14.18M	USD	1 Quarter
Total revenue	`Revenues`	$212.95M	USD	1 Quarter
Total revenue	`Revenues`	$196.64M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$64.23M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$69.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$132.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$143.66M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$66.09M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$71.17M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$18.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$14.18M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$89.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$80.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$52.15M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$53.88M	USD	1 Quarter
Non-operating income	`NonoperatingIncomeExpense`	$874.00K	USD	1 Quarter
Non-operating income	`NonoperatingIncomeExpense`	$1.65M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$53.02M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$55.53M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.49M	USD	1 Quarter
Net income including noncontrolling interest	`ProfitLoss`	$51.53M	USD	1 Quarter
Net income including noncontrolling interest	`ProfitLoss`	$45.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.53M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$566.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-270.00K	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$52.10M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$45.36M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.93	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	51.71M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.65M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.53M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.50M	shares	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$51.53M	USD	1 Quarter
Net income	`ProfitLoss`	$45.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.74M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.24M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.89M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.33M	USD	1 Quarter
Gain (Loss) on Disposition of Property Plant Equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-429.00K	USD	1 Quarter
Gain (Loss) on Disposition of Property Plant Equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-144.00K	USD	1 Quarter
Provision for Doubtful Accounts	`ProvisionForDoubtfulAccounts`	$60.00K	USD	1 Quarter
Provision for Doubtful Accounts	`ProvisionForDoubtfulAccounts`	$-394.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.69M	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.78M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$7.38M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$-1.14M	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$204.00K	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.12M	USD	1 Quarter
Increase in deferred costs and other contract assets	`IncreaseDecreaseInDeferredCharges`	$7.64M	USD	1 Quarter
Increase in deferred costs and other contract assets	`IncreaseDecreaseInDeferredCharges`	$5.71M	USD	1 Quarter
Decrease in other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-878.00K	USD	1 Quarter
Decrease in other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-644.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.36M	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.47M	USD	1 Quarter
Decrease in accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-19.09M	USD	1 Quarter
Decrease in accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.07M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.19M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-94.00K	USD	1 Quarter
Increase (decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.84M	USD	1 Quarter
Increase (decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.32M	USD	1 Quarter
Increase (decrease) in deferred revenue and other contract-related liabilities	`IncreaseDecreaseInDeferredRevenue`	$2.38M	USD	1 Quarter
Increase (decrease) in deferred revenue and other contract-related liabilities	`IncreaseDecreaseInDeferredRevenue`	$-4.04M	USD	1 Quarter
(Decrease) increase in other non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.09M	USD	1 Quarter
(Decrease) increase in other non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-73.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.00M	USD	1 Quarter
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.79M	USD	1 Quarter
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.39M	USD	1 Quarter
Increase in intangible assets	`PaymentsToAcquireIntangibleAssets`	$833.00K	USD	1 Quarter
Increase in intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.58M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.23M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.37M	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$69.00K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromStockOptionsExercised`	$27.29M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromStockOptionsExercised`	$8.41M	USD	1 Quarter
Payments Related to Tax Withholding for Share-based Compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$168.00K	USD	1 Quarter
Payments Related to Tax Withholding for Share-based Compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$18.48M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.23M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.22M	USD	1 Quarter
Effect of foreign currency exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$414.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-225.00K	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$54.17M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$36.31M	USD	1 Quarter
Cash, cash equivalents and restricted cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$343.82M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$315.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$369.50M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$369.65M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$344.50M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$315.48M	USD	Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$308.20M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Net income including noncontrolling interest	`ProfitLoss`	$51.53M	USD	1 Quarter
Net income including noncontrolling interest	`ProfitLoss`	$45.63M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-270.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$566.00K	USD	1 Quarter

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