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10-Q Filing

MASIMO CORP CIK: 937556 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0000937556-20-000106
Period End Date 20200331
Filing Date 20200428
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance masi-20200328x10q_htm.xml
Balance Sheet 79 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.80M USD Point-in-time
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.38M 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 $412.86M 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 $605.92M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $567.69M USD Point-in-time
Short-term investments ShortTermInvestments $120.00M USD Point-in-time
Short-term investments ShortTermInvestments $50.00M 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
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $1,377 and $1,803 at March 28, 2020 and December 28, 2019, respectively AccountsReceivableNetCurrent $152.85M USD Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $1,377 and $1,803 at March 28, 2020 and December 28, 2019, respectively AccountsReceivableNetCurrent $132.43M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Inventories InventoryNet $115.87M USD Point-in-time
Inventories InventoryNet $115.98M 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 $60.07M USD Point-in-time
Other current assets OtherAssetsCurrent $55.41M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 54.12M shares Point-in-time
Total current assets AssetsCurrent $996.06M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 53.70M shares Point-in-time
Total current assets AssetsCurrent $980.16M USD Point-in-time
Treasury stock, shares TreasuryStockShares 15.53M shares Point-in-time
Lease receivable, noncurrent NetInvestmentInLeaseNoncurrent $49.94M USD Point-in-time
Treasury stock, shares TreasuryStockShares 15.53M shares Point-in-time
Lease receivable, noncurrent NetInvestmentInLeaseNoncurrent $51.68M USD Point-in-time
Deferred costs and other contract assets DeferredCosts $16.99M USD Point-in-time
Deferred costs and other contract assets DeferredCosts $16.21M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $253.16M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $219.55M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $46.74M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $27.25M USD Point-in-time
Goodwill Goodwill $22.35M USD Point-in-time
Goodwill Goodwill $54.10M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $35.97M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $36.15M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $35.58M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $28.79M USD Point-in-time
Total assets Assets $1.47B USD Point-in-time
Total assets Assets $1.40B USD Point-in-time
Accounts payable AccountsPayableCurrent $54.55M USD Point-in-time
Accounts payable AccountsPayableCurrent $49.11M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $36.81M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $54.70M USD Point-in-time
Deferred revenue and other contract liabilities, current DeferredRevenueCurrent $25.94M USD Point-in-time
Deferred revenue and other contract liabilities, current DeferredRevenueCurrent $34.48M USD Point-in-time
Other current liabilities AccruedLiabilitiesAndOtherLiabilities $37.03M USD Point-in-time
Other current liabilities AccruedLiabilitiesAndOtherLiabilities $36.89M USD Point-in-time
Total current liabilities LiabilitiesCurrent $172.22M USD Point-in-time
Total current liabilities LiabilitiesCurrent $157.29M USD Point-in-time
Other non-current liabilities DeferredCreditsAndOtherLiabilities $63.98M USD Point-in-time
Other non-current liabilities DeferredCreditsAndOtherLiabilities $56.03M USD Point-in-time
Total liabilities Liabilities $221.27M USD Point-in-time
Total liabilities Liabilities $228.25M 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 PreferredStockValueOutstanding - USD Point-in-time
Preferred stock, $0.001 par value; 5,000 shares authorized; 0 shares issued and outstanding PreferredStockValueOutstanding - USD Point-in-time
Common stock, $0.001 par value; 100,000 shares authorized; 54,115 and 53,696 shares issued and outstanding at March 28, 2020 and December 28, 2019, respectively CommonStockValueOutstanding $54.00K USD Point-in-time
Common stock, $0.001 par value; 100,000 shares authorized; 54,115 and 53,696 shares issued and outstanding at March 28, 2020 and December 28, 2019, respectively CommonStockValueOutstanding $54.00K USD Point-in-time
Treasury stock, 15,533 and 15,530 shares at March 28, 2020 and December 28, 2019, respectively TreasuryStockValue $526.58M USD Point-in-time
Treasury stock, 15,533 and 15,530 shares at March 28, 2020 and December 28, 2019, respectively TreasuryStockValue $526.95M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $600.62M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $623.97M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-9.18M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-6.72M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.17B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.10B USD Point-in-time
Stockholders' Equity Attributable to Parent StockholdersEquity $1.17B USD Point-in-time
Stockholders' Equity Attributable to Parent StockholdersEquity $1.25B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.47B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.40B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Product RevenueFromContractWithCustomerIncludingAssessedTax $230.55M USD 1 Quarter
Product RevenueFromContractWithCustomerIncludingAssessedTax $269.62M USD 1 Quarter
Royalty and other revenue Royaltyrevenueandother - USD 1 Quarter
Royalty and other revenue Royaltyrevenueandother $1.12M USD 1 Quarter
Total revenue Revenues $231.66M USD 1 Quarter
Total revenue Revenues $269.62M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $84.00M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $80.02M USD 1 Quarter
Gross profit GrossProfit $185.63M USD 1 Quarter
Gross profit GrossProfit $151.64M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $74.20M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $89.88M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $27.24M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $21.41M USD 1 Quarter
Litigation settlement awards GainLossRelatedToLitigationSettlement $499.00K USD 1 Quarter
Litigation settlement awards GainLossRelatedToLitigationSettlement - USD 1 Quarter
Total operating expenses OperatingExpenses $116.62M USD 1 Quarter
Total operating expenses OperatingExpenses $95.62M USD 1 Quarter
Operating income OperatingIncomeLoss $56.02M USD 1 Quarter
Operating income OperatingIncomeLoss $69.01M USD 1 Quarter
Non-operating income NonoperatingIncomeExpense $3.35M USD 1 Quarter
Non-operating income NonoperatingIncomeExpense $3.89M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $59.91M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $72.36M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $10.59M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.90M USD 1 Quarter
Net income ProfitLoss $64.46M USD 1 Quarter
Net income ProfitLoss $49.32M USD 1 Quarter
Basic EarningsPerShareBasic $1.20 USD 1 Quarter
Basic EarningsPerShareBasic $0.93 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.87 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.12 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 53.87M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 53.21M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 56.80M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 57.59M shares 1 Quarter
Cash Flow Statement 67 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $49.32M USD 1 Quarter
Net income ProfitLoss $64.46M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.42M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $6.38M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $7.32M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $11.27M USD 1 Quarter
Loss on disposal of property, equipment and intangibles GainLossOnSaleOfPropertyPlantEquipment $-49.00K USD 1 Quarter
Loss on disposal of property, equipment and intangibles GainLossOnSaleOfPropertyPlantEquipment $-65.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $234.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $94.00K USD 1 Quarter
Benefit for deferred income taxes DeferredIncomeTaxExpenseBenefit - USD 1 Quarter
Benefit for deferred income taxes DeferredIncomeTaxExpenseBenefit $-31.00K USD 1 Quarter
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $8.53M USD 1 Quarter
Increase in accounts receivable IncreaseDecreaseInAccountsReceivable $17.11M USD 1 Quarter
Decrease in inventories IncreaseDecreaseInInventories $-427.00K USD 1 Quarter
Decrease in inventories IncreaseDecreaseInInventories $-1.36M USD 1 Quarter
Decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $-5.47M USD 1 Quarter
Decrease in other current assets IncreaseDecreaseInOtherCurrentAssets $-3.04M USD 1 Quarter
Increase in lease receivable, net ProceedsFromLeasePayments $-3.10M USD 1 Quarter
Increase in lease receivable, net ProceedsFromLeasePayments $-1.75M USD 1 Quarter
(Increase) decrease in deferred costs and other contract assets IncreaseDecreaseInDeferredCharges $796.00K USD 1 Quarter
(Increase) decrease in deferred costs and other contract assets IncreaseDecreaseInDeferredCharges $-7.12M USD 1 Quarter
Increase in other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $51.00K USD 1 Quarter
Increase in other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $115.00K USD 1 Quarter
Decrease in accounts payable IncreaseDecreaseInAccountsPayable $-6.10M USD 1 Quarter
Decrease in accounts payable IncreaseDecreaseInAccountsPayable $-7.97M USD 1 Quarter
Decrease in accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-17.69M USD 1 Quarter
Decrease in accrued compensation IncreaseDecreaseInEmployeeRelatedLiabilities $-19.36M USD 1 Quarter
Increase (decrease) in accrued liabilities IncreaseDecreaseInAccruedLiabilities $1.70M USD 1 Quarter
Increase (decrease) in accrued liabilities IncreaseDecreaseInAccruedLiabilities $-2.74M USD 1 Quarter
(Decrease) increase in income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $5.57M USD 1 Quarter
(Decrease) increase in income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-2.04M USD 1 Quarter
(Decrease) increase in deferred revenue and other contract-related liabilities IncreaseDecreaseInDeferredRevenue $2.38M USD 1 Quarter
(Decrease) increase in deferred revenue and other contract-related liabilities IncreaseDecreaseInDeferredRevenue $-676.00K USD 1 Quarter
Increase in other non-current liabilities IncreaseDecreaseInOtherOperatingLiabilities $576.00K USD 1 Quarter
Increase in other non-current liabilities IncreaseDecreaseInOtherOperatingLiabilities $626.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $42.35M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $42.47M USD 1 Quarter
Maturities (purchases) of short-term investments, net PaymentsForProceedsFromShortTermInvestments $180.00M USD 1 Quarter
Maturities (purchases) of short-term investments, net PaymentsForProceedsFromShortTermInvestments $-70.00M USD 1 Quarter
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $6.96M USD 1 Quarter
Purchases of property and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $37.00M USD 1 Quarter
Increase in intangible assets PaymentsToAcquireIntangibleAssets $1.14M USD 1 Quarter
Increase in intangible assets PaymentsToAcquireIntangibleAssets $1.04M USD 1 Quarter
Business combination, net of cash acquired, and strategic investments PaymentsToAcquireLongtermInvestments $47.25M USD 1 Quarter
Business combination, net of cash acquired, and strategic investments PaymentsToAcquireLongtermInvestments - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-188.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-15.39M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromStockOptionsExercised $13.04M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromStockOptionsExercised $6.29M USD 1 Quarter
Payroll tax withholdings on behalf of employees for vested equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.42M USD 1 Quarter
Payroll tax withholdings on behalf of employees for vested equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $123.00K USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $371.00K USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $6.17M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $11.25M USD 1 Quarter
Effect of foreign currency exchange rates on cash EffectOfExchangeRateOnCashAndCashEquivalents $-261.00K USD 1 Quarter
Effect of foreign currency exchange rates on cash EffectOfExchangeRateOnCashAndCashEquivalents $2.00K USD 1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-139.63M USD 1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $38.22M USD 1 Quarter
Cash, cash equivalents and restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $605.92M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $567.69M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $412.86M USD Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $413.01M USD Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $552.64M USD Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $606.29M USD Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $568.08M USD Point-in-time
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.17B USD Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $969.07M USD Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.25B USD Point-in-time
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Stock options exercised, shares StockIssuedDuringPeriodSharesStockOptionsExercised 384,000.00 shares 1 Quarter
Stock options exercised, value StockIssuedDuringPeriodValueStockOptionsExercised $13.49M USD 1 Quarter
Stock options exercised, value StockIssuedDuringPeriodValueStockOptionsExercised $6.87M USD 1 Quarter
Shares paid for tax withholding, value AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $1.42M USD 1 Quarter
Shares paid for tax withholding, value AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $123.00K USD 1 Quarter
Share-based Compensation Expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $7.32M USD 1 Quarter
Share-based Compensation Expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $11.27M USD 1 Quarter
Repurchases of common stock, shares TreasuryStockSharesAcquired 3,000.00 shares 1 Quarter
Repurchases of common stock, shares TreasuryStockSharesAcquired 0.00 shares 1 Quarter
Repurchases of common stock, value TreasuryStockValueAcquiredCostMethod - USD 1 Quarter
Repurchases of common stock, value TreasuryStockValueAcquiredCostMethod $371.00K USD 1 Quarter
Net income ProfitLoss $49.32M USD 1 Quarter
Net income ProfitLoss $64.46M USD 1 Quarter
Unrealized losses from foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-577.00K USD 1 Quarter
Unrealized losses from foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.46M USD 1 Quarter
Comprehensive Income 6 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $49.32M USD 1 Quarter
Net income ProfitLoss $64.46M USD 1 Quarter
Unrealized losses from foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-577.00K USD 1 Quarter
Unrealized losses from foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.46M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $48.74M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $61.99M USD 1 Quarter

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

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