Waters Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	459.12	324.42	395.08	480.53	501.23	436.7
Short-Term Investments	-	0.93	0.9	0.86	68.05	6.45
Cash & Short-Term Investments	459.12	325.36	395.97	481.39	569.29	443.15
Cash Growth	38.52%	-17.83%	-17.74%	-15.44%	28.46%	31.44%
Receivables	748.52	733.37	702.17	722.89	612.65	573.32
Inventory	572.94	477.26	516.24	455.71	356.1	304.28
Other Current Assets	138.61	133.13	138.49	103.91	90.91	80.29
Total Current Assets	1,919	1,669	1,753	1,764	1,629	1,401
Property, Plant & Equipment	713.39	725.39	723.66	668.72	632.65	587.26
Long-Term Investments	0.25	26.7	4.84	19.16	-	-
Goodwill	1,338	1,296	1,305	430.33	437.87	444.36
Other Intangible Assets	570.77	567.91	629.19	227.4	242.4	258.65
Other Long-Term Assets	320.6	268.97	210.86	171.94	153.08	148.63
Total Assets	4,863	4,554	4,627	3,281	3,095	2,840
Accounts Payable	115.73	99.93	84.71	93.3	96.8	72.21
Accrued Expenses	80.33	93.97	69.39	103.3	101.19	72.17
Current Portion of Long-Term Debt	460	-	50	50	-	150
Current Portion of Leases	28.49	25.54	27.83	26.43	27.91	27.76
Current Income Taxes Payable	56.37	158.66	120.26	132.55	61.28	76.56
Current Unearned Revenue	301.34	250.81	256.68	227.91	227.56	198.24
Other Current Liabilities	209.04	160.86	180.73	152.25	165.77	208.04
Total Current Liabilities	1,251	789.76	789.58	785.74	680.51	804.98
Long-Term Debt	1,000	1,627	2,322	1,530	1,519	1,252
Long-Term Leases	50.47	50.32	58.93	62.11	59.62	68.2
Long-Term Unearned Revenue	80	69.24	66.84	-	46	42
Pension & Post-Retirement Benefits	47.74	44.61	47.56	38.2	64.03	72.62
Other Long-Term Liabilities	102.09	144.23	191.74	361.26	357.99	368.47
Total Liabilities	2,532	2,725	3,477	2,777	2,727	2,608
Common Stock	1.63	1.63	1.63	1.62	1.62	1.62
Additional Paid-In Capital	2,396	2,341	2,266	2,200	2,115	2,029
Retained Earnings	10,206	9,789	9,151	8,509	7,801	7,108
Treasury Stock	-10,162	-10,148	-10,134	-10,064	-9,438	-8,789
Comprehensive Income & Other	-111.17	-155.28	-134.12	-141.57	-111.87	-117.94
Shareholders' Equity	2,331	1,829	1,150	504.49	367.55	232.14
Total Liabilities & Equity	4,863	4,554	4,627	3,281	3,095	2,840
Total Debt	1,539	1,703	2,459	1,668	1,607	1,497
Net Cash (Debt)	-1,080	-1,378	-2,063	-1,187	-1,037	-1,054
Net Cash Per Share	-18.10	-23.13	-34.80	-19.67	-16.73	-16.89
Filing Date Shares Outstanding	59.53	59.41	59.2	58.94	60.52	62.19
Total Common Shares Outstanding	59.53	59.39	59.18	59.1	60.73	62.31
Working Capital	667.9	879.35	963.29	978.17	948.43	596.05
Book Value Per Share	39.15	30.79	19.44	8.54	6.05	3.73
Tangible Book Value	421.56	-35.12	-784.29	-153.24	-312.71	-470.86
Tangible Book Value Per Share	7.08	-0.59	-13.25	-2.59	-5.15	-7.56
Land	-	40.95	35.64	34.66	36.43	36.88
Buildings	-	547.67	488.67	444.99	446.06	376.71
Machinery	-	752.87	748.41	640.46	621.79	588.63
Construction In Progress	-	39.18	118.49	164.22	117.15	125.93

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