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	324.42	395.08	480.53	501.23
Short-Term Investments	-	0.93	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%
Receivables	828.84	733.37	702.17	722.89	612.65
Inventory	572.37	477.26	516.24	455.71	356.1
Other Current Assets	-	133.13	138.49	103.91	90.91
Total Current Assets	1,989	1,669	1,753	1,764	1,629
Property, Plant & Equipment	642.05	725.39	723.66	668.72	632.65
Long-Term Investments	-	26.7	4.84	19.16	-
Goodwill	1,340	1,296	1,305	430.33	437.87
Other Intangible Assets	558.18	567.91	629.19	227.4	242.4
Other Long-Term Assets	554.63	268.97	210.86	171.94	153.08
Total Assets	5,084	4,554	4,627	3,281	3,095
Accounts Payable	-	99.93	84.71	93.3	96.8
Accrued Expenses	-	93.97	69.39	103.3	101.19
Current Portion of Long-Term Debt	-	-	50	50	-
Current Portion of Leases	-	25.54	27.83	26.43	27.91
Current Income Taxes Payable	-	158.66	120.26	132.55	61.28
Current Unearned Revenue	-	250.81	256.68	227.91	227.56
Other Current Liabilities	-	160.86	180.73	152.25	165.77
Total Current Liabilities	-	789.76	789.58	785.74	680.51
Long-Term Debt	1,407	1,627	2,322	1,530	1,519
Long-Term Leases	-	50.32	58.93	62.11	59.62
Long-Term Unearned Revenue	-	69.24	66.84	-	46
Pension & Post-Retirement Benefits	-	44.61	47.56	38.2	64.03
Other Long-Term Liabilities	1,115	144.23	191.74	361.26	357.99
Total Liabilities	2,523	2,725	3,477	2,777	2,727
Common Stock	2,561	1.63	1.63	1.62	1.62
Additional Paid-In Capital	-	2,341	2,266	2,200	2,115
Retained Earnings	-	9,789	9,151	8,509	7,801
Treasury Stock	-	-10,148	-10,134	-10,064	-9,438
Comprehensive Income & Other	-	-155.28	-134.12	-141.57	-111.87
Shareholders' Equity	2,561	1,829	1,150	504.49	367.55
Total Liabilities & Equity	5,084	4,554	4,627	3,281	3,095
Total Debt	1,407	1,703	2,459	1,668	1,607
Net Cash (Debt)	-819.61	-1,378	-2,063	-1,187	-1,037
Net Cash Per Share	-13.73	-23.13	-34.80	-19.67	-16.73
Filing Date Shares Outstanding	59.55	59.41	59.2	58.94	60.52
Total Common Shares Outstanding	59.55	59.39	59.18	59.1	60.73
Working Capital	1,989	879.35	963.29	978.17	948.43
Book Value Per Share	43.01	30.79	19.44	8.54	6.05
Tangible Book Value	662.98	-35.12	-784.29	-153.24	-312.71
Tangible Book Value Per Share	11.13	-0.59	-13.25	-2.59	-5.15
Land	-	40.95	35.64	34.66	36.43
Buildings	-	547.67	488.67	444.99	446.06
Machinery	-	752.87	748.41	640.46	621.79
Construction In Progress	-	39.18	118.49	164.22	117.15

Source: S&P Global Market Intelligence. Standard template. Financial Sources.