Waters Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	587.83	325.36	395.08	480.53	501.23
Short-Term Investments	-	-	0.9	0.86	68.05
Cash & Short-Term Investments	587.83	325.36	395.97	481.39	569.29
Cash Growth	80.67%	-17.83%	-17.74%	-15.44%	28.46%
Accounts Receivable	828.84	733.37	702.17	722.89	612.65
Inventory	572.37	477.26	516.24	455.71	356.1
Other Current Assets	158.6	133.13	138.49	103.91	90.91
Total Current Assets	2,148	1,669	1,753	1,764	1,629
Net Property, Plant & Equipment	722.81	725.39	723.66	668.72	632.65
Other Intangible Assets	558.18	567.91	629.19	227.4	242.4
Goodwill	1,340	1,296	1,305	430.33	437.87
Other Long-Term Assets	307.84	295.67	215.69	191.1	153.08
Total Assets	5,077	4,554	4,627	3,281	3,095
Accounts Payable	103.78	99.93	84.71	93.3	96.8
Accrued Expenses	147.45	264.23	201.7	247.79	173.19
Short-Term Debt	460	-	50	50	-
Current Portion of Leases	31.09	25.54	27.83	26.43	27.91
Unearned Revenue	266.54	250.81	256.68	227.91	227.56
Other Current Liabilities	230.65	149.25	168.68	140.3	155.05
Total Current Liabilities	1,239	789.76	789.58	785.74	680.51
Long-Term Debt	947.45	1,626	2,306	1,525	1,514
Long-Term Leases	52.55	50.32	58.93	62.11	59.62
Other Long-Term Liabilities	275.82	258.73	322.49	404.24	473.38
Total Long-Term Liabilities	1,276	1,936	2,687	1,991	2,047
Total Liabilities	2,515	2,725	3,477	2,777	2,727
Common Stock	1.63	1.63	1.63	1.62	1.62
Treasury Stock	-10,162	-10,148	-10,134	-10,064	-9,438
Additional Paid-in Capital	2,416	2,341	2,266	2,200	2,115
Accumulated Other Comprehensive Income	-125.45	-155.28	-134.12	-141.57	-111.87
Retained Earnings	10,431	9,789	9,151	8,509	7,801
Shareholders' Equity	2,561	1,829	1,150	504.49	367.55
Total Liabilities & Equity	5,077	4,554	4,627	3,281	3,095
Total Debt	1,491	1,702	2,442	1,663	1,601
Net Cash (Debt)	-903.25	-1,377	-2,046	-1,182	-1,032
Net Cash Per Share	-15.13	-23.12	-34.52	-19.59	-16.64
Book Value	2,561	1,829	1,150	504.49	367.55
Book Value Per Share	42.90	30.70	19.41	8.36	5.93
Tangible Book Value	662.98	-35.12	-784.29	-153.24	-312.71
Tangible Book Value Per Share	11.10	-0.59	-13.23	-2.54	-5.04

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.