Cash flow Onto Innovation Inc.

Equities

ONTO

US6833441057

Semiconductor Equipment & Testing

Market Closed - Nyse Other stock markets 16:00:02 2025-07-07 EDT			5-day change	1st Jan Change
98.70 ^USD	-5.13%		-2.21%	-40.78%

06-30	Onto Innovation to Acquire Semilab International's Materials Analysis Business for $545 Million	MT
06-26	Onto Innovation Inc., Q1 2025 Earnings Call, May 08, 2025

047089a7a.6KI2zqSN85wURMAivJtugF90I1DUbQpch0bczeFrKtU.nuNQjejDqdROCq522vJY5hoaRCbsF3wt0hO2jMxeQ5aqknj73fuU0EYtmQ

Published financial data: ONTO INNOVATION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	556M	789M	1.01B	816M	987M
Total Revenues	556M	789M	1.01B	816M	987M
Cost of Goods Sold, Total	267M	359M	466M	396M	472M
Gross Profit	289M	429M	539M	420M	515M
Selling General & Admin Expenses, Total	113M	125M	135M	145M	162M
R&D Expenses	84.58M	96.12M	112M	104M	117M
Amortization of Goodwill and Intangible Assets - (IS)	53.75M	51.37M	55.28M	54.82M	49.44M
Other Operating Expenses, Total	252M	273M	303M	304M	328M
Operating Income	37.36M	157M	237M	116M	187M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	2.9M	1.16M	5.01M	20.36M	33.49M
Net Interest Expenses	2.9M	1.16M	5.01M	20.36M	33.49M
Currency Exchange Gains (Loss)	-3.07M	-2.02M	-73K	-4.09M	-276K
Other Non Operating Income (Expenses)	362K	132K	-68K	239K	131K
EBT, Excl. Unusual Items	37.55M	156M	242M	133M	220M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-10.68M	-393K	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	26.87M	156M	242M	133M	220M
Income Tax Expense	-4.16M	13.33M	18.25M	11.42M	18.78M
Earnings From Continuing Operations	31.02M	142M	223M	121M	202M
Net Income to Company	31.02M	142M	223M	121M	202M
Net Income - (IS)	31.02M	142M	223M	121M	202M
Net Income to Common Incl Extra Items	31.02M	142M	223M	121M	202M
Net Income to Common Excl. Extra Items	31.02M	142M	223M	121M	202M
Per Share Items
Net EPS - Basic	0.63	2.89	4.52	2.47	4.09
Basic EPS - Continuing Operations	0.63	2.89	4.52	2.47	4.09
Basic Weighted Average Shares Outstanding	49.14M	49.24M	49.42M	48.97M	49.34M
Net EPS - Diluted	0.63	2.86	4.49	2.46	4.06
Diluted EPS - Continuing Operations	0.63	2.86	4.49	2.46	4.06
Diluted Weighted Average Shares Outstanding	49.48M	49.73M	49.76M	49.32M	49.66M
Normalized Basic EPS	0.48	1.98	3.05	1.69	2.79
Normalized Diluted EPS	0.47	1.96	3.03	1.68	2.77
Supplemental Items
EBITDA	105M	223M	301M	183M	249M
EBITA	91.1M	208M	292M	171M	237M
EBIT	37.36M	157M	237M	116M	187M
EBITDAR	112M	229M	308M	190M	256M
Effective Tax Rate - (Ratio)	-15.47	8.56	7.55	8.62	8.52
Current Domestic Taxes	1.84M	22.8M	48.95M	29.2M	41.84M
Current Foreign Taxes	5.64M	3.15M	2.9M	4.65M	3.41M
Total Current Taxes	7.47M	25.95M	51.85M	33.85M	45.25M
Deferred Domestic Taxes	-11.39M	-10.02M	-33.13M	-22.19M	-26.16M
Deferred Foreign Taxes	-240K	-2.6M	-473K	-242K	-318K
Total Deferred Taxes	-11.63M	-12.62M	-33.6M	-22.43M	-26.48M
Normalized Net Income	23.47M	97.55M	151M	82.86M	138M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	48.14M	57.24M	65.69M	61.76M	76.16M
General and Administrative Expenses	65.31M	67.96M	69.58M	83.15M	85.85M
Research And Development Expense From Footnotes	84.58M	96.12M	112M	104M	117M
Net Rental Expense, Total	6.76M	5.96M	6.37M	6.53M	6.4M
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., COGS (Total)	-	-	-	-	4.77M
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	5.5M
Stock-Based Comp., S&M Exp. (Total)	-	-	-	-	5.61M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	12.7M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	17.66M	19.54M	24.43M	25.51M	-
Total Stock-Based Compensation	17.66M	19.54M	24.43M	25.51M	28.58M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	137M	170M	176M	234M	213M
Short Term Investments	237M	342M	372M	464M	639M
Total Cash And Short Term Investments	374M	511M	548M	698M	852M
Accounts Receivable, Total	149M	177M	241M	227M	308M
Other Receivables	-	-	-	-	-
Total Receivables	149M	177M	241M	227M	308M
Inventory	191M	243M	324M	328M	287M
Prepaid Expenses	17.47M	16.43M	21.41M	31.13M	30.07M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	732M	948M	1.13B	1.28B	1.48B
Gross Property Plant And Equipment	153M	146M	165M	180M	204M
Accumulated Depreciation	-44.92M	-46.53M	-52.19M	-57.91M	-66.27M
Net Property Plant And Equipment	108M	99.58M	113M	122M	138M
Goodwill	307M	316M	316M	316M	330M
Other Intangibles, Total	318M	277M	222M	167M	127M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	2.24M	4.82M	4.78M	18.84M	42.81M
Other Long-Term Assets, Total	1.67M	4.23M	4.48M	2.45M	1.51M
Total Assets	1.47B	1.65B	1.79B	1.91B	2.12B
Liabilities
Accounts Payable, Total	40.18M	53.34M	54.53M	49.87M	56.26M
Accrued Expenses, Total	32.2M	34.86M	38.91M	38.45M	41.36M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	4.47M	3.97M	5.68M	5.49M	5.42M
Current Income Taxes Payable	4.11M	6.32M	1.91M	3.21M	8.49M
Unearned Revenue Current, Total	14.33M	29.98M	30.16M	24.76M	33.83M
Other Current Liabilities	24.8M	26.06M	29.37M	25.94M	24.74M
Total Current Liabilities	120M	155M	161M	148M	170M
Long-Term Leases	16.46M	13.75M	16.34M	14.03M	9.74M
Unearned Revenue Non Current	1.29M	1.69M	2.85M	2.46M	4.01M
Deferred Tax Liability Non Current	55.62M	40.28M	7.37M	-	4K
Other Non Current Liabilities	9.96M	13.5M	11.32M	8.96M	7.36M
Total Liabilities	203M	224M	198M	173M	191M
Common Stock, Total	49K	49K	49K	49K	49K
Additional Paid In Capital	1.23B	1.26B	1.24B	1.26B	1.28B
Retained Earnings	26.16M	169M	363M	482M	665M
Comprehensive Income and Other	4.57M	1.32M	-10.01M	-7.9M	-13.86M
Total Common Equity	1.26B	1.43B	1.6B	1.74B	1.93B
Total Equity	1.26B	1.43B	1.6B	1.74B	1.93B
Total Liabilities And Equity	1.47B	1.65B	1.79B	1.91B	2.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	48.88M	49.36M	48.75M	49.13M	49.27M
ECS Total Common Shares Outstanding	48.76M	49.3M	48.68M	49.09M	49.24M
Book Value / Share	25.94	28.93	32.79	35.38	39.11
Tangible Book Value	640M	833M	1.06B	1.25B	1.47B
Tangible Book Value Per Share	13.12	16.9	21.74	25.53	29.82
Total Debt	20.92M	17.72M	22.02M	19.52M	15.16M
Net Debt	-353M	-494M	-526M	-678M	-837M
Debt Equivalent Oper. Leases	54.05M	47.71M	50.94M	52.22M	51.2M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	125M	157M	231M	234M	177M
Inventories - Work In Process, Total	44.83M	60.42M	69.07M	67.82M	91.67M
Inventories - Finished Goods, Total	21.46M	25.35M	24.18M	25.49M	18.49M
Land - (BS)	47.54M	48.3M	50.34M	47.89M	46.58M
Machinery, Total	72.4M	66.62M	75.29M	91.54M	123M
Full Time Employees	1.25K	1.41K	1.64K	1.5K	1.55K
Accumulated Allowance for Doubtful Accounts (Supple)	784K	1.3M	1.57M	2.66M	2.58M
Order Backlog	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	31.02M	142M	223M	121M	202M
Depreciation & Amortization - CF	13.83M	14.44M	9.38M	12.39M	12.87M
Amortization of Goodwill and Intangible Assets - (CF)	53.75M	51.37M	55.28M	54.82M	49.44M
Depreciation & Amortization, Total	67.58M	65.8M	64.66M	67.21M	62.31M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	5.65M	-	4.17M
Stock-Based Compensation (CF)	17.66M	19.54M	24.43M	25.51M	28.58M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	18.46M	-1.78M	-24.85M	-9.42M	-6.57M
Change In Accounts Receivable	-25.82M	-27.83M	-65.14M	12.15M	-83.68M
Change In Inventories	-42.41M	-57.18M	-93.9M	-16.46M	19.94M
Change In Accounts Payable	11.4M	12.14M	1.18M	-4.68M	6.22M
Change in Unearned Revenues	-	-	-	-	-
Change In Income Taxes	-1.2M	1.31M	-5.01M	1.8M	3.11M
Change in Other Net Operating Assets	29.28M	20.93M	6.35M	-25.29M	9.93M
Cash from Operations	106M	175M	137M	172M	246M
Capital Expenditure	-3.83M	-12.04M	-18.4M	-22.57M	-31.9M
Sale of Property, Plant, and Equipment	-	-	-	2.8M	-
Cash Acquisitions	-	-23.8M	-4.64M	-	-26.76M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-47.62M	-106M	-32.64M	-83.61M	-168M
Other Investing Activities, Total	2.85M	-	-	-	-
Cash from Investing	-48.6M	-142M	-55.69M	-103M	-227M
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	2.92M	10.07M	8.07M	5.28M	9.18M
Repurchase of Common Stock	-56.05M	-7.4M	-74.13M	-13.96M	-44.11M
Other Financing Activities, Total	-569K	-	-2.29M	-801K	-737K
Cash from Financing	-53.7M	2.67M	-68.35M	-9.48M	-35.67M
Foreign Exchange Rate Adjustments	2.36M	-3.28M	-6.39M	-1.48M	-4.02M
Miscellaneous Cash Flow Adjustments	-	-	-1K	-	-
Net Change in Cash	6.05M	32.88M	6.27M	57.64M	-20.56M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	6.42M	23.77M	58.69M	34.1M	35.5M
Levered Free Cash Flow	103M	127M	72.61M	132M	159M
Unlevered Free Cash Flow	103M	127M	72.61M	132M	159M
Change In Net Working Capital	1.73M	43.87M	146M	11.02M	17.3M
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.6	6.29	8.59	3.92	5.81
Return on Total Capital	1.81	7.18	9.66	4.3	6.33
Return On Equity %	2.45	10.58	14.78	7.27	11.01
Return on Common Equity	2.45	10.58	14.78	7.27	11.01
Margin Analysis
Gross Profit Margin %	51.96	54.44	53.64	51.51	52.19
SG&A Margin	20.39	15.87	13.46	17.76	16.41
EBITDA Margin %	18.86	28.22	29.98	22.47	25.26
EBITA Margin %	16.37	26.39	29.05	20.95	23.96
EBIT Margin %	6.71	19.88	23.55	14.23	18.95
Income From Continuing Operations Margin %	5.58	18.04	22.22	14.85	20.43
Net Income Margin %	5.58	18.04	22.22	14.85	20.43
Net Avail. For Common Margin %	5.58	18.04	22.22	14.85	20.43
Normalized Net Income Margin	4.22	12.36	15.02	10.16	13.95
Levered Free Cash Flow Margin	18.51	16.15	7.22	16.14	16.07
Unlevered Free Cash Flow Margin	18.51	16.15	7.22	16.14	16.07
Asset Turnover
Asset Turnover	0.38	0.51	0.58	0.44	0.49
Fixed Assets Turnover	4.85	7.61	9.47	6.95	7.6
Receivables Turnover (Average Receivables)	4.08	4.83	4.8	3.49	3.69
Inventory Turnover (Average Inventory)	1.46	1.66	1.64	1.21	1.54
Short Term Liquidity
Current Ratio	6.09	6.14	7.07	8.69	8.69
Quick Ratio	4.35	4.46	4.92	6.26	6.82
Operating Cash Flow to Current Liabilities	0.88	1.13	0.85	1.16	1.44
Days Sales Outstanding (Average Receivables)	88.52	76.76	75.79	104.39	98.56
Days Outstanding Inventory (Average Inventory)	248	224.16	221.62	299.97	237.04
Average Days Payable Outstanding	43.41	42.18	35.88	47.61	44.79
Cash Conversion Cycle (Average Days)	293.11	258.74	261.53	356.76	290.81
Long Term Solvency
Total Debt/Equity	1.65	1.24	1.38	1.12	0.79
Total Debt / Total Capital	1.63	1.23	1.36	1.11	0.78
LT Debt/Equity	1.3	0.96	1.02	0.81	0.51
Long-Term Debt / Total Capital	1.28	0.95	1.01	0.8	0.5
Total Liabilities / Total Assets	13.86	13.56	11.06	9.07	9.03
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	0.19	0.08	0.07	0.1	0.06
Net Debt / EBITDA	-3.16	-2.16	-1.71	-3.57	-3.27
Total Debt / (EBITDA - Capex)	0.19	0.08	0.08	0.12	0.07
Net Debt / (EBITDA - Capex)	-3.27	-2.28	-1.82	-4.06	-3.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	81.92	41.76	27.42	-18.83	21.01
Gross Profit, 1 Yr. Growth %	92.24	48.54	25.55	-22.06	22.62
EBITDA, 1 Yr. Growth %	182.45	112.14	35.39	-39.18	36.08
EBITA, 1 Yr. Growth %	192.12	128.5	40.27	-41.47	38.41
EBIT, 1 Yr. Growth %	80.1	319.76	50.97	-50.96	61.19
Earnings From Cont. Operations, 1 Yr. Growth %	1.52K	358.82	56.89	-45.75	66.45
Net Income, 1 Yr. Growth %	1.52K	358.82	56.89	-45.75	66.45
Normalized Net Income, 1 Yr. Growth %	49.07	315.69	54.79	-45.12	66.27
Diluted EPS Before Extra, 1 Yr. Growth %	950	353.97	56.99	-45.21	65.04
Accounts Receivable, 1 Yr. Growth %	20.7	18.73	36.22	-6.15	36.01
Inventory, 1 Yr. Growth %	8.56	27.14	33.39	1.08	-12.45
Net Property, Plant and Equip., 1 Yr. Growth %	-11.79	-7.47	13.2	8.2	12.98
Total Assets, 1 Yr. Growth %	1.35	12.37	8.79	6.4	10.86
Tangible Book Value, 1 Yr. Growth %	9.37	30.2	27.07	18.42	17.16
Common Equity, 1 Yr. Growth %	0.06	12.75	11.95	8.78	10.9
Cash From Operations, 1 Yr. Growth %	484.06	65.38	-22.01	25.8	42.86
Capital Expenditures, 1 Yr. Growth %	-43.71	214.42	52.88	22.65	41.33
Levered Free Cash Flow, 1 Yr. Growth %	-234.52	23.69	-43.02	81.36	20.46
Unlevered Free Cash Flow, 1 Yr. Growth %	-234.52	23.69	-43.02	81.36	20.46
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	42.57	60.59	34.4	1.69	-0.89
Gross Profit, 2 Yr. CAGR %	39.64	68.99	36.56	-1.08	-2.24
EBITDA, 2 Yr. CAGR %	35.13	144.78	69.47	-9.26	-9.03
EBITA, 2 Yr. CAGR %	31.58	158.36	79.03	-9.39	-10
EBIT, 2 Yr. CAGR %	-14.49	174.95	151.73	-13.96	-11.09
Earnings From Cont. Operations, 2 Yr. CAGR %	-17.06	763.3	168.3	-7.74	-4.97
Net Income, 2 Yr. CAGR %	-17.06	763.3	168.3	-7.74	-4.97
Normalized Net Income, 2 Yr. CAGR %	-15.87	148.93	153.66	-7.83	-4.47
Diluted EPS Before Extra, 2 Yr. CAGR %	-39.83	590.41	166.96	-7.26	-4.91
Accounts Receivable, 2 Yr. CAGR %	52.48	19.71	27.18	13.07	12.98
Inventory, 2 Yr. CAGR %	40.53	17.48	30.23	16.11	-5.93
Net Property, Plant and Equip., 2 Yr. CAGR %	138.79	-9.66	2.35	10.67	10.57
Total Assets, 2 Yr. CAGR %	87.4	6.72	10.57	7.59	8.61
Tangible Book Value, 2 Yr. CAGR %	38.83	19.33	28.62	22.67	17.79
Common Equity, 2 Yr. CAGR %	86.95	6.22	12.35	10.35	9.83
Cash From Operations, 2 Yr. CAGR %	73.78	210.8	13.57	-0.95	34.06
Capital Expenditures, 2 Yr. CAGR %	-28.75	33.04	119.24	36.93	31.66
Levered Free Cash Flow, 2 Yr. CAGR %	250.19	28.99	-16.05	1.65	47.81
Unlevered Free Cash Flow, 2 Yr. CAGR %	250.19	28.99	-16.05	1.65	47.81
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	29.69	42.3	48.67	13.6	7.77
Gross Profit, 3 Yr. CAGR %	29.03	42.55	53.05	13.28	6.26
EBITDA, 3 Yr. CAGR %	26.19	57.05	100.93	20.43	3.86
EBITA, 3 Yr. CAGR %	23.62	58.16	110.77	23.33	4.35
EBIT, 3 Yr. CAGR %	-6.9	45.33	125.15	45.93	6.07
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.95	46.69	389	57.48	12.31
Net Income, 3 Yr. CAGR %	-1.95	46.69	389	57.48	12.31
Normalized Net Income, 3 Yr. CAGR %	-7.08	43.3	112.47	52.28	12.2
Diluted EPS Before Extra, 3 Yr. CAGR %	-20.84	18.02	321.4	57.47	12.39
Accounts Receivable, 3 Yr. CAGR %	31.74	40.28	24.98	14.93	20.25
Inventory, 3 Yr. CAGR %	41.48	35.92	22.56	19.68	5.69
Net Property, Plant and Equip., 3 Yr. CAGR %	83.77	74.09	-2.6	4.26	11.44
Total Assets, 3 Yr. CAGR %	56.11	58.03	7.41	9.16	8.67
Tangible Book Value, 3 Yr. CAGR %	28.43	35.89	21.86	25.13	20.8
Common Equity, 3 Yr. CAGR %	56	57.95	8.09	11.15	10.53
Cash From Operations, 3 Yr. CAGR %	18.2	70.94	96.03	17.51	11.91
Capital Expenditures, 3 Yr. CAGR %	-27.89	16.87	39.35	80.65	38.38
Levered Free Cash Flow, 3 Yr. CAGR %	54.68	147.54	-1.76	8.52	7.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	54.68	147.54	-1.76	8.52	7.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	20.21	27.65	31.56	24.41	26.41
Gross Profit, 5 Yr. CAGR %	19.35	28.3	31.99	23.16	27.93
EBITDA, 5 Yr. CAGR %	21.96	38.49	41.99	26.11	46.35
EBITA, 5 Yr. CAGR %	21.13	39.06	43.36	26.57	49.96
EBIT, 5 Yr. CAGR %	2.64	32.98	38.6	17.84	55.26
Earnings From Cont. Operations, 5 Yr. CAGR %	11.56	30.96	46.67	21.86	153.93
Net Income, 5 Yr. CAGR %	11.56	30.96	46.67	21.86	153.93
Normalized Net Income, 5 Yr. CAGR %	6.97	34.68	38.85	20.11	54.32
Diluted EPS Before Extra, 5 Yr. CAGR %	2.38	19.78	28.73	7.17	132.31
Accounts Receivable, 5 Yr. CAGR %	21.88	22.24	29.89	28.69	20.03
Inventory, 5 Yr. CAGR %	21.75	30	36.87	27.62	10.26
Net Property, Plant and Equip., 5 Yr. CAGR %	54.2	53.05	45.41	45.24	2.47
Total Assets, 5 Yr. CAGR %	31.07	37.25	35.99	35.5	7.88
Tangible Book Value, 5 Yr. CAGR %	22.12	26.13	28.51	30.44	20.21
Common Equity, 5 Yr. CAGR %	36.12	37.16	36.8	36.84	8.79
Cash From Operations, 5 Yr. CAGR %	25.67	29.88	16.33	37.42	68.39
Capital Expenditures, 5 Yr. CAGR %	2.65	29.61	12.51	24.51	36.22
Levered Free Cash Flow, 5 Yr. CAGR %	33.91	42.34	21.13	73.39	15.68
Unlevered Free Cash Flow, 5 Yr. CAGR %	33.92	42.43	21.13	73.39	15.68