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%
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	158.6	133.13	138.49	103.91	90.91
Total Current Assets	2,148	1,669	1,753	1,764	1,629
Property, Plant & Equipment	722.81	725.39	723.66	668.72	632.65
Long-Term Investments	0.38	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	307.46	268.97	210.86	171.94	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	99.65	93.97	69.39	103.3	101.19
Current Portion of Long-Term Debt	460	-	50	50	-
Current Portion of Leases	31.09	25.54	27.83	26.43	27.91
Current Income Taxes Payable	35.53	158.66	120.26	132.55	61.28
Current Unearned Revenue	266.54	250.81	256.68	227.91	227.56
Other Current Liabilities	242.91	160.86	180.73	152.25	165.77
Total Current Liabilities	1,239	789.76	789.58	785.74	680.51
Long-Term Debt	1,000	1,627	2,322	1,530	1,519
Long-Term Leases	52.55	50.32	58.93	62.11	59.62
Long-Term Unearned Revenue	-	-	66.84	-	46
Pension & Post-Retirement Benefits	43.92	44.61	47.56	38.2	64.03
Other Long-Term Liabilities	179.02	213.47	191.74	361.26	357.99
Total Liabilities	2,515	2,725	3,477	2,777	2,727
Common Stock	1.63	1.63	1.63	1.62	1.62
Additional Paid-In Capital	2,416	2,341	2,266	2,200	2,115
Retained Earnings	10,431	9,789	9,151	8,509	7,801
Treasury Stock	-10,162	-10,148	-10,134	-10,064	-9,438
Comprehensive Income & Other	-125.45	-155.28	-134.12	-141.57	-111.87
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	1,544	1,703	2,459	1,668	1,607
Net Cash (Debt)	-956.13	-1,378	-2,063	-1,187	-1,037
Net Cash Per Share	-16.01	-23.13	-34.80	-19.67	-16.73
Filing Date Shares Outstanding	98.1	59.41	59.2	58.94	60.52
Total Common Shares Outstanding	59.55	59.39	59.18	59.1	60.73
Working Capital	908.15	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	43.77	40.95	35.64	34.66	36.43
Buildings	566.1	547.67	488.67	444.99	446.06
Machinery	824.23	752.87	748.41	640.46	621.79
Construction In Progress	48.21	39.18	118.49	164.22	117.15

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