Universal Display Corporation (OLED)

Universal Display Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	79.56	91.99	93.43	311.99	630.01	131.63
Short-Term Investments	471.99	422.14	484.35	351.19	100	514.46
Cash & Short-Term Investments	551.55	514.12	577.78	663.19	730.01	646.09
Cash Growth	12.18%	-11.02%	-12.88%	-9.15%	12.99%	25.37%
Receivables	140.82	163.63	92.66	107.64	82.26	60.45
Inventory	175.96	175.8	183.22	134.16	91.59	63.95
Other Current Assets	73.52	63.58	45.79	20.95	20.75	21.95
Total Current Assets	941.85	917.13	899.45	925.93	924.61	792.44
Property, Plant & Equipment	213.41	200.06	174.93	159.45	110.86	96.35
Long-Term Investments	396.93	299.55	259.86	168.08	5	5
Goodwill	15.54	15.54	15.54	15.54	15.54	15.54
Other Intangible Assets	83.55	97.2	46.63	59.38	80.94	102.85
Long-Term Accounts Receivable	26.34	18.35	11.65	-	-	-
Long-Term Deferred Tax Assets	72.14	59.11	58.16	33.45	37.7	30.38
Other Long-Term Assets	61.13	62.03	66.6	105.1	94.59	77.61
Total Assets	1,811	1,669	1,533	1,467	1,269	1,120
Accounts Payable	24.7	10.93	9.52	14.96	13.8	13.3
Accrued Expenses	52.96	52.08	51	45.47	41.4	49.02
Current Portion of Leases	3.7	3.53	3.74	3.35	1.87	1.61
Current Unearned Revenue	47.39	47.71	45.6	120.86	105.22	97.33
Other Current Liabilities	2.42	4.56	25.84	3.29	2.67	0.25
Total Current Liabilities	131.17	118.82	135.7	187.94	164.96	161.51
Long-Term Leases	20.11	22.86	29.04	27.26	6.88	6.88
Long-Term Unearned Revenue	2.38	12.01	18.28	36.22	57.09	47.53
Other Long-Term Liabilities	16.19	15.8	14.65	48.81	49.06	41.68
Total Liabilities	224.13	221.74	257.45	367.01	356.51	308.71
Common Stock	0.49	0.49	0.49	0.49	0.49	0.49
Additional Paid-In Capital	717.19	699.55	681.34	658.73	635.6	620.24
Retained Earnings	907.78	789.55	653.28	500.21	353.93	249
Treasury Stock	-41.28	-41.28	-41.28	-41.28	-41.28	-41.28
Comprehensive Income & Other	2.58	-1.09	-18.45	-18.24	-36.02	-17
Total Common Equity	1,587	1,447	1,275	1,100	912.71	811.45
Shareholders' Equity	1,587	1,447	1,275	1,100	912.71	811.45
Total Liabilities & Equity	1,811	1,669	1,533	1,467	1,269	1,120
Total Debt	23.81	26.39	32.78	30.61	8.75	8.48
Net Cash (Debt)	527.74	487.73	545	632.57	721.26	637.61
Net Cash Growth	13.51%	-10.51%	-13.84%	-12.30%	13.12%	23.72%
Net Cash Per Share	11.08	10.24	11.48	13.36	15.27	13.57
Filing Date Shares Outstanding	47.46	47.37	47.25	48.5	47.11	47.19
Total Common Shares Outstanding	47.46	47.37	47.77	47.7	47.65	47.49
Working Capital	810.68	798.31	763.75	738	759.65	630.93
Book Value Per Share	33.43	30.55	26.70	23.06	19.16	17.09
Tangible Book Value	1,488	1,334	1,213	1,025	816.24	693.07
Tangible Book Value Per Share	31.34	28.17	25.40	21.49	17.13	14.59
Land	12.23	12.23	2.64	2.64	2.64	2.64
Buildings	140.26	116.9	99.59	76.6	53.57	47.99
Machinery	168.54	167.44	147.77	123.39	94.8	82.32
Construction In Progress	29.16	22.49	10.57	18.66	23.59	12.19
Order Backlog	-	25.2	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.