WATERS CORPWAT

Market cap

$23.4B

P/E ratio

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Net income	-	-	-	-	-	-	-	-	594	592	522	693	708	642	638
Stock-based compensation	25	28	29	32	33	33	41	39	38	39	37	30	43	37	45
Deferred income taxes	-	-	-	-	-	7	1	46	2	10	-3	17	-32	-1	-1
Depreciation	34	37	37	38	46	45	52	61	58	54	69	72	72	85	87
Amortization	-	-	-	-	-	45	45	45	50	51	57	60	58	81	105
Realized gain on sale of investment	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-
ResearchAndDevelopmentInProcessAndNoncashItems	-	-	-	-	-	-	-	-	-	-	-	-	10	-	-
(Increase) decrease in accounts receivable	43	13	40	35	29	50	32	24	48	22	-37	62	138	-49	66
Decrease (increase) in inventories	37	19	22	11	16	20	20	-1	25	32	-19	67	102	45	-21
Increase in other current assets	-2	-4	7	-5	6	18	5	16	12	11	27	21	23	43	10
Decrease (increase) in other assets	-2	12	-1	11	14	10	1	24	-6	16	38	-4	6	26	-5
Increase (Decrease) in Accounts Payable and Accrued Liabilities	52	-12	1	-28	-14	27	7	3	-82	10	141	46	61	-80	62
Increase in deferred revenue and customer advances	-	-	-	-	-	-	-	-	3	12	11	38	13	10	6
Decrease in other liabilities	4	11	-15	-8	-2	11	9	1	-27	-40	-41	-52	-53	-105	-129
Net cash provided by operating activities	458	497	449	485	-	-	-	-	604	643	791	747	612	603	762
Additions to property, plant, equipment and software capitalization	63	85	105	118	91	100	95	85	96	164	172	161	176	161	142
Asset and business acquisitions, net of cash acquired	-	11	31	41	27	23	6	-	31	-	81	-	-	1,282	-
Proceeds Payments Of Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	9	1	-1
Payments for intellectual property licenses	-	-	-	-	-	-	-	-	-	-	-	7	8	-	-
Purchases of investments	-	-	-	-	-	2,010	2,396	2,960	1,006	37	26	280	11	2	4
Maturities and sales of investments	-	-	-	-	-	1,732	2,005	2,522	2,825	978	21	218	78	2	4
Net cash used in investing activities	-412	-356	-296	-465	-	-	-	-	1,683	769	-264	-232	-108	-1,442	-144
Proceeds from debt issuances	316	599	218	1,032	382	325	485	1,480	0	926	315	510	205	1,450	170
Payments on debt	181	374	32	887	240	120	325	1,310	850	390	640	350	145	670	900
Payments of debt issuance costs	1	5	0	2	1	2	2	3	-	3	-	9	-	0	-
Proceeds from stock plans	101	60	29	69	74	52	62	98	52	54	66	56	43	30	30
Purchases of treasury shares	296	371	296	302	337	335	326	333	1,315	2,469	196	649	626	70	14
Proceeds from derivative contracts	-	-	-	-	-	3	10	-4	7	-11	-15	-4	-14	-16	-16
Net cash (used in) provided by financing activities	-60	-60	-67	-65	-	-	-	-	-2,120	-1,873	-441	-438	-510	755	-697
Effect of exchange rate changes on cash and cash equivalents	-	-	-	-	-	-	-	-	-14	0	15	-13	-15	-1	8
Decrease in cash and cash equivalents	-	-	-	-	-	-	-	-	154	-461	101	65	-21	-85	-71
Income taxes paid	40	50	59	56	61	52	50	71	159	88	98	154	160	243	183
Interest paid	11	20	28	30	34	37	44	57	51	43	52	42	48	94	92