COGNEX CORP
For the period ended Sep 29, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 29, 2024 · Filed Oct 31, 2024
CGNX$50.80+0.9%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of and
CONSOLIDATED BALANCE SHEETS
| September 29, 2024 | December 31, 2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $197,075 | $202,655 |
| Current investments, amortized cost of $91,658 and $132,799 in 2024 and 2023, respectively, allowance for credit losses of $0 in 2024 and 2023 | 90,803 | 129,392 |
| Accounts receivable, allowance for credit losses of $604 and $583 in 2024 and 2023, respectively | 157,968 | 114,164 |
| Unbilled revenue | 2,117 | 2,402 |
| Inventories | 155,278 | 162,285 |
| Prepaid expenses and other current assets | 68,841 | 68,099 |
| Total current assets | 672,082 | 678,997 |
| Non-current investments, amortized cost of $318,268 and $250,790 in 2024 and 2023, respectively, allowance for credit losses of $0 in 2024 and 2023 | 319,287 | 244,230 |
| Property, plant, and equipment, net | 103,177 | 105,849 |
| Operating lease assets | 72,433 | 75,115 |
| Goodwill | 391,673 | 393,181 |
| Intangible assets, net | 102,550 | 112,952 |
| Deferred income taxes | 395,205 | 400,400 |
| Other assets | 6,840 | 7,088 |
| Total assets | $2,063,247 | $2,017,812 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $29,984 | $21,454 |
| Accrued expenses | 76,675 | 72,374 |
| Accrued income taxes | 24,226 | 16,907 |
| Deferred revenue and customer deposits | 30,045 | 31,525 |
| Operating lease liabilities | 9,806 | 9,624 |
| Total current liabilities | 170,736 | 151,884 |
| Non-current operating lease liabilities | 67,375 | 68,977 |
| Deferred income taxes | 230,368 | 246,877 |
| Reserve for income taxes | 26,491 | 26,685 |
| Non-current accrued income taxes | — | 18,338 |
| Other liabilities | 1,251 | 299 |
| Total liabilities | 496,221 | 513,060 |
| Commitments and contingencies (Note 10) | ||
| Shareholders’ equity: | ||
| Preferred stock, $.01 par value – Authorized: 400 shares in 2024 and 2023, respectively; no shares issued and outstanding | — | — |
| Common stock, $.002 par value – Authorized: 300,000 shares in 2024 and 2023, respectively; issued and outstanding: 171,515 and 171,599 shares in 2024 and 2023, respectively | 343 | 343 |
| Additional paid-in capital | 1,076,363 | 1,037,202 |
| Retained earnings | 527,909 | 512,543 |
| Accumulated other comprehensive loss, net of tax | (37,589) | (45,336) |
| Total shareholders’ equity | 1,567,026 | 1,504,752 |
| Total liabilities and shareholders' equity | $2,063,247 | $2,017,812 |
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