Waters Corporation (WAT)

Waters Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,909	2,956	2,972	2,786	2,365	2,407
Revenue Growth (YoY)	-1.94%	-0.52%	6.68%	17.78%	-1.71%	-0.55%
Cost of Revenue	1,173	1,195	1,248	1,157	1,007	1,011
Gross Profit	1,736	1,761	1,724	1,629	1,359	1,396
Selling, General & Admin	728.59	736.01	658.03	626.97	553.7	534.79
Research & Development	176.85	174.95	176.19	168.36	140.78	142.96
Other Operating Expenses	53.16	32.56	16.16	12.31	18.71	9.69
Operating Expenses	958.6	943.52	850.38	807.63	713.19	687.44
Operating Income	777.35	817.68	873.4	821.71	645.49	708.46
Interest Expense / Income	109.94	98.86	48.8	44.94	49.07	48.69
Other Expense / Income	-18.51	-17.43	-13.25	-29.42	-14.5	-18.47
Pretax Income	685.93	736.24	837.85	806.19	610.91	678.24
Income Tax	82.42	94.01	130.09	113.35	89.34	86.04
Net Income	603.51	642.23	707.76	692.84	521.57	592.2
Net Income Growth	-12.39%	-9.26%	2.15%	32.84%	-11.93%	-0.27%
Shares Outstanding (Basic)	59	59	60	62	62	68
Shares Outstanding (Diluted)	59	59	60	62	62	68
Shares Change	0.19%	-1.76%	-2.74%	-0.62%	-8.44%	-12.18%
EPS (Basic)	10.21	10.87	11.80	11.25	8.40	8.76
EPS (Diluted)	10.18	10.84	11.73	11.17	8.36	8.69
EPS Growth	-11.40%	-7.59%	5.01%	33.61%	-3.80%	13.59%
Free Cash Flow	514.03	442.18	435.74	586.01	618.12	479.26
Free Cash Flow Per Share	8.68	7.49	7.26	9.52	9.96	7.09
Gross Margin	59.68%	59.57%	58.00%	58.49%	57.44%	58.00%
Operating Margin	26.73%	27.66%	29.39%	29.50%	27.29%	29.44%
Profit Margin	20.75%	21.72%	23.81%	24.87%	22.05%	24.61%
Free Cash Flow Margin	17.67%	14.96%	14.66%	21.03%	26.13%	19.91%
Effective Tax Rate	12.02%	12.77%	15.53%	14.06%	14.62%	12.69%
EBITDA	979.13	1,001	1,017	982.81	785.35	832.23
EBITDA Margin	33.66%	33.86%	34.22%	35.28%	33.20%	34.58%
Depreciation & Amortization	183.27	165.91	130.42	131.68	125.36	105.3
EBIT	795.86	835.1	886.64	851.13	659.98	726.93
EBIT Margin	27.36%	28.25%	29.83%	30.55%	27.90%	30.21%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).