← ONTO INNOVATION INC.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — $223.3m $121.2m $201.7m $136.8m —
Net Income (Loss) Attributable to Parent $30.2m $57.6m $1.9m $31.0m — $223.3m $121.2m $201.7m $136.8m $136.8m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $57.6m $1.9m $31.0m — $223.3m $121.2m $201.7m $136.8m —
Accretion (Amortization) of Discounts and Premiums, Investments — — — — — — $4.8m $7.2m — $4.7m
Acquired inventory step-up amortization — — $15.4m $10.7m — $393k $0 — — —
Amortization Cash Flow — — — — — $55.3m $54.8m $49.4m $39.4m —
Amortization Of Securities — — — — — — ($4.8m) ($7.2m) ($4.7m) —
Amortization of Intangible Assets — $96k $10.4m $53.7m — $55.3m $54.8m $49.4m $39.4m —
Amortization of intangibles $1.9m $1.5m $10.4m $53.7m — $51.4m $54.8m $49.4m $39.4m $39.4m
Depreciation $6.7m $6.5m $6.0m $13.8m — $9.4m $12.4m $12.9m $21.0m $21.0m
Depreciation Amortization Depletion — — — — — $64.7m $67.2m $62.3m $60.4m —
Depreciation, Depletion and Amortization $6.9m $6.8m $6.0m $13.8m — $14.4m $12.4m $12.9m $21.0m $21.0m
Deferred Income Tax — — — — — ($33.6m) ($22.4m) ($26.5m) $12.9m —
Deferred Income Tax Expense (Benefit) $6.8m $4.1m ($4.1m) ($11.6m) — ($33.6m) ($22.4m) ($26.5m) $12.9m —
Deferred Tax — — — — — ($33.6m) ($22.4m) ($26.5m) $12.9m —
Deferred income taxes $6.9m $3.7m ($4.1m) ($11.6m) — ($12.6m) ($22.4m) ($26.5m) — $12.9m
Asset Impairment Charge — — — — — $5.7m $0 $4.2m $0 —
Goodwill, Impairment Loss — — $0 $0 — $0 $0 $0 $0 —
Issuance of shares through share-based compensation plans $5.6m $3.8m $844k $2.9m — $10.1m $5.3m $9.2m — $13.4m
Payment, Tax Withholding, Share-based Payment Arrangement $4.1m $3.6m $2.5m $4.1m — $8.9m $10.8m $19.0m $13.5m —
Share-based Payment Arrangement, Expense $8.8m $11.4m $10.6m $17.7m — $24.4m $25.5m $28.6m $27.6m —
Share-based Payment Arrangement, Noncash Expense $8.8m $11.4m $10.6m $17.7m — $24.4m $25.5m $28.6m $27.6m —
Share-based compensation $8.8m $11.4m $10.6m $17.7m — $19.5m $25.5m $28.6m — $27.6m
Tax payments related to shares withheld for share-based compensation plans ($4.1m) ($3.6m) ($2.5m) ($4.1m) — ($7.4m) ($10.8m) ($19.0m) — ($13.5m)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($631k) $759k — — — $0 $2.8m $0 — $0
Income Tax Expense (Benefit) $13.1m $9.9m ($2.5m) ($4.2m) — $18.2m $11.4m $18.8m $26.1m —
Other Nonoperating Income (Expense) $576k $1.4m $780k ($2.7m) — ($141k) ($3.9m) ($145k) ($5.0m) —
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable $3.2m $3.5m ($12.1m) $11.4m — $12.1m ($4.7m) $6.2m — $50.9m
Accounts receivable ($19.5m) $15.2m ($9.7m) ($25.8m) — ($27.8m) $12.2m ($83.7m) — $53.8m
Accrued and other liabilities $5.3m $163k ($6.7m) $17.9m — $21.7m $11.3m $7.8m — ($19.1m)
Beginning Cash Position — — — — — $169.6m $175.9m $233.5m $212.9m —
Cash Flow From Continuing Financing Activities — — — — — ($68.3m) ($9.5m) ($35.7m) ($75.2m) —
Cash Flow From Continuing Investing Activities — — — — — ($55.7m) ($103.4m) ($226.5m) ($121.6m) —
Change In Account Payable — — — — — $1.2m ($4.7m) $6.2m $50.9m —
Change In Accrued Expense — — — — — $11.3m ($11.3m) $7.8m ($19.1m) —
Change In Inventory — — — — — ($93.9m) ($16.5m) $19.9m ($3.0m) —
Change In Other Working Capital — — — — — ($5.0m) $1.8m $3.1m ($20.2m) —
Change In Payable — — — — — $1.2m ($4.7m) $6.2m $50.9m —
Change In Payables And Accrued Expense — — — — — $12.5m ($16.0m) $14.1m $31.8m —
Change In Prepaid Assets — — — — — ($5.0m) ($9.3m) $9.3m ($2.4m) —
Change In Receivables — — — — — ($65.1m) $12.2m ($83.7m) $53.8m —
Change In Working Capital — — — — — ($156.5m) ($27.7m) ($37.3m) $60.1m —
Changes In Account Receivables — — — — — ($65.1m) $12.2m ($83.7m) $53.8m —
Changes In Cash — — — — — $12.7m $59.1m ($16.5m) $131.6m —
End Cash Position — — — — — $175.9m $233.5m $212.9m $346.1m —
Financing Cash Flow — — — — — ($68.3m) ($9.5m) ($35.7m) ($75.2m) —
Foreign Currency Transaction Gain (Loss), before Tax ($600k) ($1.1m) $676k ($3.1m) — $73k ($4.1m) ($276k) ($4.4m) —
Free Cash Flow — — — — — $118.3m $149.4m $213.8m $299.8m —
General and Administrative Expense $26.3m $31.8m $53.0m $65.3m — $69.6m $79.6m $79.9m $107.1m —
Goodwill $10.2m $26.4m $307.1m $306.6m — $315.8m $315.8m $330.0m $644.0m —
Income taxes ($4.7m) $1.1m $7.6m ($1.2m) — $1.3m $1.8m $3.1m — ($20.2m)
Increase (Decrease) in Accounts Payable — — ($12.1m) $11.4m — $1.2m ($4.7m) $6.2m $50.9m —
Increase (Decrease) in Accounts Receivable $19.5m ($15.2m) $9.7m $25.8m — $65.1m ($12.2m) $83.7m ($53.8m) —
Increase (Decrease) in Inventories $18.0m $9.0m $9.3m $42.4m — $93.9m $16.5m ($19.9m) $3.0m —
Insured Event, Gain (Loss) — — $0 $0 — — — — — —
Inventories ($18.0m) ($9.0m) ($9.3m) ($42.4m) — ($57.2m) ($16.5m) $19.9m — ($3.0m)
Inventory Write-down $2.0m $3.0m — — — — — — — —
Investing Cash Flow — — — — — ($55.7m) ($103.4m) ($226.5m) ($121.6m) —
Investment Income, Interest $8k $10k — — — — — — — —
Issuance Of Shares For Aquisition — — — — — — $0 $0 — $81.7m
Net Business Purchase And Sale — — — — — ($4.6m) $0 ($26.8m) ($436.1m) —
Net PPE Purchase And Sale — — — — — ($18.4m) ($19.8m) ($31.9m) ($28.5m) —
Nonoperating Income (Expense) $492k $1.0m — — — — — — — —
Operating Expenses $93.9m $117.6m $140.1m $251.8m — $302.5m $304.2m $328.2m $366.8m —
Other Non Cash Items — — — — — ($563k) $3.0m $722k $8.8m —
Other, net $590k $1.3m $2.1m $4.7m — $2.3m $3.0m $722k — $8.8m
Payments To Aquire Non Marketable Securities — — — — — — $0 $0 — $8.0m
Prepaid expenses and other assets ($230k) ($407k) ($5.1m) $11.4m — ($768k) ($14.0m) $2.1m — ($2.4m)
Proceeds From Stock Option Exercised — — — — — $8.1m $5.3m $9.2m $13.4m —
Proceeds from maturities and sales of marketable securities $143.3m $186.3m $94.5m $265.4m — $255.1m $396.8m $540.8m — $826.9m
Provision for inventory valuation — $3.0m $10.8m $14.7m — $8.2m $10.0m $19.2m — $26.5m
Provisionand Write Offof Assets — — — — — $9.3m $10.0m $19.2m $26.5m —
Purchase Of Business — — — — — ($4.6m) $0 ($26.8m) ($436.1m) —
Purchase Of PPE $5.2m $7.5m $6.8m $3.8m $12.0m ($18.4m) ($22.6m) ($31.9m) ($28.5m) —
Purchases of marketable securities ($129.8m) ($53.5m) ($127.5m) ($313.0m) — ($361.0m) ($480.5m) ($708.7m) — ($475.8m)
Repurchase Of Capital Stock — — — — — ($65.3m) ($3.2m) ($25.1m) ($75.0m) —
Sale Of PPE — — — — — $0 $2.8m $0 $0 —
Stock Based Compensation — — — — — $24.4m $25.5m $28.6m $27.6m —
Derivative, Gain (Loss) on Derivative, Net — — $343k $510k — $3.5m $300k ($1.1m) ($1.7m) —
Net Cash Provided by (Used in) Operating Activities $20.6m $103.3m $18.1m $106.0m $175.3m $136.7m $172.0m $245.7m $328.3m $328.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $5.2m $7.5m $6.8m $3.8m — $18.4m $22.6m $31.9m $28.5m ($28.5m)
Payment of contingent consideration for acquired business ($792k) ($1.5m) ($1.8m) ($569k) — ($2.3m) ($801k) ($737k) — $0
Payments to Acquire Businesses, Net of Cash Acquired — $37.2m — — — $4.6m $0 $26.8m $436.1m —
Purchase of business, net of cash acquired — ($37.2m) — $0 — ($23.8m) $0 ($26.8m) — ($436.1m)
Research and Development Asset Acquired in Transaction Other than Business Combination or Joint Venture Formation, Writeoff — — — $0 — $5.7m $0 $4.2m — $0
Net Investment Purchase And Sale — — — — — ($32.6m) ($83.6m) ($167.9m) $343.1m —
Purchase Of Investment — — — — — ($371.3m) ($480.5m) ($708.7m) ($483.8m) —
Sale Of Investment — — — — — $338.6m $396.8m $540.8m $826.9m —
Net cash and cash equivalents provided by (used in) investing activities ($6.7m) ($4.3m) $4.1m ($48.6m) — ($141.8m) ($103.4m) ($226.5m) — ($121.6m)
Net Cash Provided by (Used in) Investing Activities — ($4.3m) $4.1m ($48.6m) — ($55.7m) ($103.4m) ($226.5m) ($121.6m) —
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $77.2m $38.7m — — — — — — — —
Repayments of Long-term Debt — — — — — — — — — —
Net Common Stock Issuance — — — — — ($65.3m) ($3.2m) ($25.1m) ($75.0m) —
Common Stock Payments — — — — — ($65.3m) ($3.2m) ($25.1m) ($75.0m) —
Payments for Repurchase of Common Stock — $23.0m $744k $52.0m — $65.3m $3.2m $25.1m $75.0m —
Purchases of common stock ($27.0m) ($23.0m) ($744k) ($52.0m) — ($65.3m) ($3.2m) ($25.1m) — ($75.0m)
Net Other Financing Charges — — — — — ($11.2m) ($11.6m) ($19.8m) ($13.5m) —
Net cash and cash equivalents provided by (used in) financing activities ($25.6m) ($22.8m) ($4.2m) ($53.7m) — $2.7m ($9.5m) ($35.7m) — ($75.2m)
Net Cash Provided by (Used in) Financing Activities — ($22.8m) ($4.2m) ($53.7m) — ($68.3m) ($9.5m) ($35.7m) ($75.2m) —
Effect Of Exchange Rate Changes — — — — — ($6.4m) ($1.5m) ($4.0m) $1.6m —
Effect of exchange rate changes on cash and cash equivalents ($518k) ($263k) $233k $2.4m — ($3.3m) ($1.5m) ($4.0m) — $1.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $76.1m $18.3m $6.0m — $6.3m $57.6m ($20.6m) $133.2m —
Net increase in cash and cash equivalents ($12.2m) $76.1m $18.3m $6.0m — $32.9m $57.6m ($20.6m) — $133.2m
Cash and cash equivalents at beginning of year $37.9m $67.8m $112.4m $136.7m — $169.6m $233.5m $212.9m — $346.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $136.7m — $175.9m $233.5m $212.9m $346.1m —
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — $6.3m $57.6m ($20.6m) $133.2m —
Income Taxes Paid, Net $3.0m $5.6m ($3.8m) $6.4m — $58.7m $34.1m $35.5m $36.0m $36.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.