Income Statement Machvision Inc.

Equities

3563

TW0003563003

Semiconductor Equipment & Testing

End-of-day quote Taiwan S.E. Other stock markets 2024-09-09			5-day change	1st Jan Change
324.00 ^TWD	+0.47%		-7.43%	+48.28%

07-31	Machvision Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
07-30	Machvision Inc. Approves Dividend for January 1, 2024 to June 30, 2024, Payable on September 16, 2024	CI

99e3a0a3f530b375d388cf7038edd8d4.f99jXHlNW8XztudSHa4DwEQCteggC805I5B-xQ2p2hc.N68KNE96GpWq2rEaW_9k7Sxw39tGaaRNWdM4q1Liq2A4kCwkF3sojZXZog

Published financial data: MACHVISION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.54B	2.4B	2.75B	2.1B	1.76B
Total Revenues	2.54B	2.4B	2.75B	2.1B	1.76B
Cost of Goods Sold, Total	905M	878M	1.06B	888M	716M
Gross Profit	1.64B	1.52B	1.69B	1.21B	1.04B
Selling General & Admin Expenses, Total	353M	342M	381M	348M	315M
Provision for Bad Debts	-1.86M	65M	-37.04M	-9.88M	33.33M
R&D Expenses	217M	244M	282M	242M	238M
Other Operating Expenses, Total	568M	651M	626M	581M	586M
Operating Income	1.07B	869M	1.07B	634M	458M
Interest Expense, Total	-2.01M	-2.95M	-6.17M	-5.7M	-2.22M
Interest And Investment Income	8.47M	3.53M	4.26M	7.75M	30.51M
Net Interest Expenses	6.46M	574K	-1.91M	2.05M	28.28M
Currency Exchange Gains (Loss)	-30.03M	-68.21M	-25.79M	83.46M	6.02M
Other Non Operating Income (Expenses)	5.58M	6.69M	4.03M	14.88M	11.14M
EBT, Excl. Unusual Items	1.05B	808M	1.05B	734M	504M
Gain (Loss) On Sale Of Investments	-	-4.07M	-	-	-290K
Gain (Loss) On Sale Of Assets	107K	-49K	-153K	-60K	-262K
Other Unusual Items	-	380K	21K	1K	3.12M
EBT, Incl. Unusual Items	1.05B	804M	1.04B	734M	506M
Income Tax Expense	186M	150M	218M	142M	93.61M
Earnings From Continuing Operations	867M	655M	826M	592M	413M
Net Income to Company	867M	655M	826M	592M	413M
Minority Interest	-14.27M	5.53M	1.28M	5.55M	13.33M
Net Income - (IS)	853M	660M	828M	597M	426M
Net Income to Common Incl Extra Items	853M	660M	828M	597M	426M
Net Income to Common Excl. Extra Items	853M	660M	828M	597M	426M
Per Share Items
Net EPS - Basic	20.01	15.02	18.51	13.35	8.21
Basic EPS - Continuing Operations	20.01	15.02	18.51	13.35	8.21
Basic Weighted Average Shares Outstanding	42.61M	43.95M	44.73M	44.73M	51.86M
Net EPS - Diluted	19.86	14.93	18.36	13.22	8.17
Diluted EPS - Continuing Operations	19.86	14.93	18.36	13.22	8.17
Diluted Weighted Average Shares Outstanding	42.93M	44.2M	45.08M	45.18M	52.11M
Normalized Basic EPS	15.1	11.62	14.63	10.38	6.33
Normalized Diluted EPS	14.99	11.55	14.52	10.28	6.3
Dividend Per Share	10.5	12	12	10	7
Payout Ratio	134.93	88.09	48.63	104.83	97.66
Supplemental Items
EBITDA	1.08B	892M	1.09B	662M	487M
EBITA	1.07B	869M	1.07B	634M	458M
EBIT	1.07B	869M	1.07B	634M	458M
EBITDAR	1.09B	899M	1.1B	671M	495M
Effective Tax Rate - (Ratio)	17.65	18.63	20.91	19.36	18.49
Total Current Taxes	198M	170M	208M	127M	92.78M
Total Deferred Taxes	-12.49M	-20.03M	10.74M	14.7M	832K
Normalized Net Income	644M	511M	654M	464M	328M
Interest on Long-Term Debt	2.01M	1.25M	3.95M	3.82M	2.22M
Non-Cash Pension Expense	130K	116K	71K	73K	176K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	-	-	266M	237M	-
Selling and Marketing Expenses	240M	235M	266M	237M	211M
General and Administrative Expenses	113M	107M	115M	112M	105M
Research And Development Expense From Footnotes	217M	244M	282M	242M	238M
Net Rental Expense, Total	7.89M	6.56M	9.53M	8.96M	8.18M
Imputed Operating Lease Interest Expense	-	766K	1.23M	1.13M	844K
Imputed Operating Lease Depreciation	-	5.8M	8.29M	7.84M	7.34M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	742M	1.62B	1.98B	1.86B	845M
Short Term Investments	-	-	-	-	3.24B
Total Cash And Short Term Investments	742M	1.62B	1.98B	1.86B	4.09B
Accounts Receivable, Total	1.2B	1.13B	1.37B	1.02B	794M
Other Receivables	-	-	-	10.61M	7.63M
Total Receivables	1.2B	1.13B	1.37B	1.03B	801M
Inventory	382M	363M	399M	331M	261M
Prepaid Expenses	23.06M	7.24M	9.57M	8.17M	16.26M
Other Current Assets, Total	13.04M	10.52M	2.51M	2.58M	3.03M
Total Current Assets	2.36B	3.12B	3.76B	3.23B	5.17B
Gross Property Plant And Equipment	437M	436M	652M	660M	501M
Accumulated Depreciation	-60.54M	-87.32M	-122M	-162M	-177M
Net Property Plant And Equipment	377M	348M	530M	498M	324M
Long-term Investments	9.64M	10.74M	15.74M	15.74M	15.74M
Goodwill	8.7M	-	-	-	-
Other Intangibles, Total	193K	83K	-	-	-
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	37.46M	57.56M	46.99M	32.25M	32.67M
Other Long-Term Assets, Total	256M	169M	157M	184M	223M
Total Assets	3.04B	3.71B	4.51B	3.96B	5.76B
Liabilities
Accounts Payable, Total	382M	246M	303M	179M	104M
Current Portion of Long-Term Debt	-	16.88M	27.5M	-	-
Current Portion of Leases	14.88M	12.04M	16.64M	15.25M	9.61M
Current Income Taxes Payable	33.14M	172M	197M	123M	86.01M
Unearned Revenue Current, Total	13.59M	32.92M	94.89M	35.85M	13.58M
Other Current Liabilities	451M	342M	476M	338M	286M
Total Current Liabilities	895M	822M	1.11B	691M	499M
Long-Term Debt	-	200M	173M	-	-
Long-Term Leases	95.44M	66.29M	250M	243M	77M
Unearned Revenue Non Current	-	2.55M	1.44M	-	-
Pension & Other Post Retirement Benefits	10.43M	11.29M	11.69M	10.08M	8.42M
Deferred Tax Liability Non Current	-	-	-	-	770K
Total Liabilities	1B	1.1B	1.55B	944M	585M
Common Stock, Total	426M	447M	447M	447M	581M
Additional Paid In Capital	59.51M	568M	166M	121M	2.01B
Retained Earnings	1.43B	1.51B	2.24B	2.35B	2.51B
Comprehensive Income and Other	-4.54M	-3.51M	-4.2M	-4.05M	-5.98M
Total Common Equity	1.91B	2.52B	2.85B	2.91B	5.09B
Minority Interest	133M	89.02M	106M	103M	86.7M
Total Equity	2.04B	2.61B	2.96B	3.02B	5.18B
Total Liabilities And Equity	3.04B	3.71B	4.51B	3.96B	5.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	42.61M	44.73M	44.73M	44.73M	58.15M
ECS Total Common Shares Outstanding	42.61M	44.73M	44.73M	44.73M	58.15M
Book Value / Share	44.82	56.31	63.76	65.16	87.56
Tangible Book Value	1.9B	2.52B	2.85B	2.91B	5.09B
Tangible Book Value Per Share	44.62	56.31	63.76	65.16	87.56
Total Debt	110M	295M	468M	258M	86.61M
Net Debt	-632M	-1.32B	-1.51B	-1.6B	-4B
Debt Equivalent of Unfunded Proj. Benefit Obligation	10.43M	11.29M	11.69M	10.08M	8.42M
Debt Equivalent Oper. Leases	63.1M	52.49M	76.22M	71.7M	65.45M
Minority Interest, Total (Incl. Fin. Div)	133M	89.02M	106M	103M	86.7M
Account Code - Inventory Valuation	3	6	6	6	6
Inventories - Raw Materials, Total	194M	213M	201M	223M	148M
Inventories - Work In Process, Total	82.11M	80.91M	128M	73.69M	69.5M
Inventories - Finished Goods, Total	106M	69.25M	70.88M	34.53M	43M
Buildings, Total	266M	305M	306M	306M	306M
Machinery, Total	23.61M	33.3M	40.39M	43.62M	40.57M
Accumulated Allowance for Doubtful Accounts (Supple)	7.42M	72.44M	35.46M	25.66M	58.59M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	853M	660M	828M	597M	426M
Depreciation & Amortization - CF	23.78M	35.48M	39.67M	42.57M	41.69M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	23.78M	35.48M	39.67M	42.57M	41.69M
Amortization of Deferred Charges, Total - (CF)	110K	110K	83K	-	-
(Gain) Loss From Sale Of Asset	-107K	49K	153K	60K	262K
(Gain) Loss on Sale of Investments - (CF)	-	4.07M	-	-	290K
Provision and Write-off of Bad Debts	-1.86M	65M	-37.04M	-9.88M	33.33M
Other Operating Activities, Total	-236M	114M	39.64M	-60.02M	-51.98M
Change In Accounts Receivable	-103M	33.86M	-178M	361M	140M
Change In Inventories	-146M	8.61M	-39.61M	66.88M	70.17M
Change In Accounts Payable	62.78M	-116M	56.97M	-123M	-75.38M
Change in Unearned Revenues	-69.12M	29.5M	62.02M	-58.05M	-22.27M
Change in Other Net Operating Assets	-229M	-91.29M	27.91M	-71.93M	-57.71M
Cash from Operations	153M	744M	800M	744M	504M
Capital Expenditure	-44.69M	-37.8M	-18.58M	-4.27M	-24.76M
Sale of Property, Plant, and Equipment	143K	2.25M	-	-	-
Cash Acquisitions	10.76M	-	-	-	-
Divestitures	-	17.4M	-	-6.93M	1.28M
Investment in Marketable and Equity Securities, Total	-	-1.1M	-5M	-	-3.24B
Other Investing Activities, Total	-14.82M	3.62M	4.75M	-6.31M	15.77M
Cash from Investing	-48.61M	-15.63M	-18.83M	-17.51M	-3.25B
Long-Term Debt Issued, Total	-	220M	-	-	-
Total Debt Issued	-	220M	-	-	-
Long-Term Debt Repaid, Total	-11.36M	-10.92M	-30.86M	-216M	-10.69M
Total Debt Repaid	-11.36M	-10.92M	-30.86M	-216M	-10.69M
Issuance of Common Stock	-	530M	-	-	2.17B
Common Dividends Paid	-1.15B	-581M	-403M	-626M	-416M
Common & Preferred Stock Dividends Paid	-1.15B	-581M	-403M	-626M	-416M
Other Financing Activities, Total	36.46M	-10.24M	13.64M	-5.83M	-3.81M
Cash from Financing	-1.13B	147M	-420M	-848M	1.74B
Foreign Exchange Rate Adjustments	-2.16M	-783K	-980K	-201K	-2.48M
Net Change in Cash	-1.02B	875M	360M	-122M	-1.01B
Supplemental Items
Cash Interest Paid	-	3.71M	3.47M	5.83M	3.82M
Cash Income Tax Paid (Refund)	437M	31.37M	183M	201M	130M
Levered Free Cash Flow	68.23M	558M	687M	443M	409M
Unlevered Free Cash Flow	69.49M	560M	691M	447M	411M
Change In Net Working Capital	579M	-19.07M	-1.52M	-12.5M	-107M
Net Debt Issued / Repaid	-11.36M	209M	-30.86M	-216M	-10.69M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	20.54	16.09	16.26	9.35	5.89
Return on Total Capital	30.24	21.49	21.11	11.82	6.71
Return On Equity %	40.19	28.15	29.7	19.81	10.07
Return on Common Equity	41.39	29.81	30.82	20.72	10.64
Margin Analysis
Gross Profit Margin %	64.44	63.38	61.61	57.76	59.34
SG&A Margin	13.88	14.26	13.84	16.57	17.91
EBITDA Margin %	42.6	37.22	39.81	31.47	27.64
EBITA Margin %	42.09	36.24	38.86	30.14	26.03
EBIT Margin %	42.09	36.24	38.86	30.14	26.03
Income From Continuing Operations Margin %	34.08	27.3	30.05	28.15	23.44
Net Income Margin %	33.52	27.53	30.1	28.41	24.19
Net Avail. For Common Margin %	33.52	27.53	30.1	28.41	24.19
Normalized Net Income Margin	25.3	21.3	23.8	22.08	18.64
Levered Free Cash Flow Margin	2.68	23.28	24.97	21.08	23.25
Unlevered Free Cash Flow Margin	2.73	23.36	25.11	21.25	23.33
Asset Turnover
Asset Turnover	0.78	0.71	0.67	0.5	0.36
Fixed Assets Turnover	8.27	6.61	6.26	4.09	4.28
Receivables Turnover (Average Receivables)	2.22	2.07	2.2	1.76	1.94
Inventory Turnover (Average Inventory)	2.94	2.36	2.77	2.43	2.42
Short Term Liquidity
Current Ratio	2.63	3.8	3.37	4.68	10.36
Quick Ratio	2.16	3.34	3	4.18	9.8
Operating Cash Flow to Current Liabilities	0.17	0.9	0.72	1.08	1.01
Days Sales Outstanding (Average Receivables)	164.32	177.15	165.66	207.83	188.33
Days Outstanding Inventory (Average Inventory)	124.22	155.26	131.88	150.1	150.86
Average Days Payable Outstanding	121.85	133.76	91.74	107.31	80.01
Cash Conversion Cycle (Average Days)	166.69	198.65	205.8	250.62	259.19
Long Term Solvency
Total Debt/Equity	5.4	11.3	15.81	8.56	1.67
Total Debt / Total Capital	5.12	10.15	13.65	7.89	1.65
LT Debt/Equity	4.67	10.19	14.32	8.06	1.49
Long-Term Debt / Total Capital	4.43	9.16	12.36