COGNEX CORP
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
CGNX$50.80+0.9%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of December 31, and
COGNEX CORPORATION – CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $186,094 | $202,655 |
| Current investments, amortized cost of $60,725 and $132,799 in 2024 and 2023, respectively, allowance for credit losses of $0 in 2024 and 2023 | 59,956 | 129,392 |
| Accounts receivable, allowance for credit losses of $827 and $583 in 2024 and 2023, respectively | 143,359 | 114,164 |
| Unbilled revenue | 3,055 | 2,402 |
| Inventories | 157,527 | 162,285 |
| Prepaid expenses and other current assets | 63,376 | 68,099 |
| Total current assets | 613,367 | 678,997 |
| Non-current investments, amortized cost of $345,033 and $250,790 in 2024 and 2023, respectively, allowance for credit losses of $0 in 2024 and 2023 | 340,898 | 244,230 |
| Property, plant, and equipment, net | 98,445 | 105,849 |
| Operating lease assets | 67,326 | 75,115 |
| Goodwill | 384,937 | 393,181 |
| Intangible assets, net | 90,684 | 112,952 |
| Deferred income taxes | 392,166 | 400,400 |
| Other assets | 5,027 | 7,088 |
| Total assets | $1,992,850 | $2,017,812 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $38,046 | $21,454 |
| Accrued expenses | 71,760 | 72,374 |
| Accrued income taxes | 25,685 | 16,907 |
| Deferred revenue and customer deposits | 25,035 | 31,525 |
| Operating lease liabilities | 8,854 | 9,624 |
| Total current liabilities | 169,380 | 151,884 |
| Non-current operating lease liabilities | 61,363 | 68,977 |
| Deferred income taxes | 217,155 | 246,877 |
| Reserve for income taxes | 26,365 | 26,685 |
| Non-current accrued income taxes | — | 18,338 |
| Other liabilities | 1,082 | 299 |
| Total liabilities | 475,345 | 513,060 |
| Commitments and contingencies (Note 11) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value - Authorized: 400 shares in 2024 and 2023, respectively, no shares issued and outstanding | — | — |
| Common stock, $0.002 par value – Authorized: 300,000 shares in 2024 and 2023, respectively, issued and outstanding: 170,434 and 171,599 shares in 2024 and 2023, respectively | 341 | 343 |
| Additional paid-in capital | 1,090,638 | 1,037,202 |
| Retained earnings | 499,303 | 512,543 |
| Accumulated other comprehensive loss, net of tax | (72,777) | (45,336) |
| Total shareholders’ equity | 1,517,505 | 1,504,752 |
| Total liabilities and shareholders' equity | $1,992,850 | $2,017,812 |
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