Masimo Corp
NASDAQ:MASI
Income Statement
Earnings Waterfall
Masimo Corp
Revenue
|
2B
USD
|
Cost of Revenue
|
-1B
USD
|
Gross Profit
|
1B
USD
|
Operating Expenses
|
-839.2m
USD
|
Operating Income
|
164.3m
USD
|
Other Expenses
|
-82.8m
USD
|
Net Income
|
81.5m
USD
|
Income Statement
Masimo Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
547
N/A
|
551
+1%
|
555
+1%
|
567
+2%
|
587
+3%
|
601
+3%
|
616
+2%
|
625
+1%
|
630
+1%
|
647
+3%
|
664
+3%
|
679
+2%
|
713
+5%
|
738
+4%
|
758
+3%
|
784
+3%
|
790
+1%
|
807
+2%
|
826
+2%
|
843
+2%
|
858
+2%
|
877
+2%
|
895
+2%
|
914
+2%
|
938
+3%
|
976
+4%
|
1 047
+7%
|
1 096
+5%
|
1 144
+4%
|
1 173
+3%
|
1 177
+0%
|
1 207
+2%
|
1 239
+3%
|
1 244
+0%
|
1 505
+21%
|
1 746
+16%
|
2 036
+17%
|
2 297
+13%
|
2 187
-5%
|
2 116
-3%
|
2 048
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(189)
|
(190)
|
(191)
|
(195)
|
(196)
|
(200)
|
(205)
|
(207)
|
(220)
|
(226)
|
(230)
|
(238)
|
(235)
|
(242)
|
(250)
|
(262)
|
(268)
|
(273)
|
(277)
|
(278)
|
(283)
|
(294)
|
(300)
|
(303)
|
(309)
|
(313)
|
(347)
|
(373)
|
(401)
|
(419)
|
(422)
|
(426)
|
(431)
|
(428)
|
(623)
|
(786)
|
(977)
|
(1 158)
|
(1 085)
|
(1 062)
|
(1 045)
|
|
Gross Profit |
359
N/A
|
362
+1%
|
363
+1%
|
372
+2%
|
391
+5%
|
402
+3%
|
411
+2%
|
417
+1%
|
410
-2%
|
421
+3%
|
433
+3%
|
441
+2%
|
478
+8%
|
497
+4%
|
508
+2%
|
522
+3%
|
522
0%
|
533
+2%
|
549
+3%
|
565
+3%
|
575
+2%
|
583
+1%
|
595
+2%
|
611
+3%
|
629
+3%
|
663
+5%
|
700
+6%
|
723
+3%
|
743
+3%
|
754
+2%
|
756
+0%
|
780
+3%
|
808
+4%
|
816
+1%
|
882
+8%
|
960
+9%
|
1 059
+10%
|
1 139
+8%
|
1 102
-3%
|
1 054
-4%
|
1 004
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(271)
|
(275)
|
(281)
|
(291)
|
(298)
|
(303)
|
(304)
|
(302)
|
(309)
|
(291)
|
(295)
|
(294)
|
(312)
|
(46)
|
(50)
|
(58)
|
(338)
|
(348)
|
(355)
|
(366)
|
(366)
|
(373)
|
(384)
|
(397)
|
(408)
|
(430)
|
(457)
|
(471)
|
(488)
|
(502)
|
(500)
|
(517)
|
(533)
|
(546)
|
(640)
|
(730)
|
(832)
|
(932)
|
(907)
|
(880)
|
(839)
|
|
Selling, General & Administrative |
(216)
|
(219)
|
(226)
|
(235)
|
(241)
|
(246)
|
(246)
|
(244)
|
(253)
|
(255)
|
(257)
|
(255)
|
(255)
|
(258)
|
(261)
|
(269)
|
(276)
|
(281)
|
(286)
|
(293)
|
(290)
|
(293)
|
(299)
|
(307)
|
(315)
|
(330)
|
(351)
|
(361)
|
(369)
|
(376)
|
(371)
|
(381)
|
(395)
|
(407)
|
(487)
|
(559)
|
(641)
|
(727)
|
(705)
|
(688)
|
(664)
|
|
Research & Development |
(56)
|
(55)
|
(55)
|
(55)
|
(57)
|
(57)
|
(58)
|
(58)
|
(57)
|
(56)
|
(58)
|
(59)
|
(58)
|
(58)
|
(59)
|
(59)
|
(62)
|
(66)
|
(69)
|
(73)
|
(77)
|
(80)
|
(85)
|
(90)
|
(93)
|
(99)
|
(106)
|
(110)
|
(119)
|
(126)
|
(129)
|
(136)
|
(137)
|
(139)
|
(153)
|
(170)
|
(191)
|
(206)
|
(198)
|
(192)
|
(175)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
20
|
20
|
20
|
0
|
270
|
270
|
270
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
|
Operating Income |
88
N/A
|
87
-1%
|
82
-6%
|
81
-1%
|
93
+15%
|
98
+6%
|
108
+10%
|
116
+8%
|
101
-13%
|
130
+29%
|
139
+7%
|
147
+6%
|
166
+13%
|
451
+172%
|
458
+2%
|
465
+1%
|
184
-60%
|
186
+1%
|
193
+4%
|
199
+3%
|
208
+5%
|
210
+1%
|
211
+0%
|
214
+1%
|
221
+4%
|
234
+6%
|
244
+4%
|
252
+3%
|
255
+1%
|
253
-1%
|
255
+1%
|
263
+3%
|
276
+5%
|
270
-2%
|
242
-10%
|
231
-5%
|
227
-2%
|
207
-9%
|
195
-5%
|
175
-11%
|
164
-6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
5
|
4
|
7
|
10
|
13
|
12
|
10
|
9
|
8
|
4
|
3
|
1
|
(1)
|
(1)
|
3
|
1
|
(17)
|
(28)
|
(37)
|
(45)
|
(48)
|
|
Non-Reccuring Items |
(8)
|
0
|
0
|
2
|
10
|
2
|
2
|
0
|
20
|
0
|
0
|
0
|
270
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
(15)
|
(17)
|
(17)
|
(18)
|
0
|
(9)
|
(28)
|
|
Total Other Income |
(4)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(2)
|
(1)
|
0
|
(2)
|
(2)
|
(2)
|
0
|
3
|
4
|
5
|
0
|
4
|
3
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
76
N/A
|
85
+13%
|
81
-5%
|
83
+2%
|
102
+23%
|
99
-3%
|
107
+8%
|
113
+5%
|
116
+3%
|
127
+9%
|
137
+8%
|
146
+7%
|
434
+197%
|
449
+4%
|
456
+2%
|
463
+2%
|
186
-60%
|
188
+1%
|
197
+5%
|
204
+3%
|
214
+5%
|
218
+2%
|
221
+1%
|
225
+2%
|
234
+4%
|
247
+5%
|
255
+3%
|
262
+3%
|
264
+1%
|
256
-3%
|
258
+1%
|
264
+2%
|
274
+4%
|
269
-2%
|
230
-14%
|
214
-7%
|
193
-10%
|
161
-17%
|
159
-1%
|
121
-24%
|
88
-27%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(20)
|
(24)
|
(20)
|
(21)
|
(28)
|
(28)
|
(31)
|
(34)
|
(35)
|
(38)
|
(36)
|
(36)
|
(122)
|
(114)
|
(106)
|
(105)
|
17
|
9
|
(2)
|
13
|
(19)
|
(20)
|
(21)
|
(34)
|
(38)
|
(35)
|
(33)
|
(39)
|
(24)
|
(27)
|
(34)
|
(32)
|
(45)
|
(46)
|
(39)
|
(44)
|
(50)
|
(42)
|
(43)
|
(32)
|
(7)
|
|
Income from Continuing Operations |
56
|
62
|
61
|
62
|
74
|
72
|
76
|
78
|
82
|
89
|
101
|
111
|
311
|
335
|
350
|
358
|
203
|
197
|
196
|
217
|
194
|
198
|
199
|
191
|
196
|
211
|
222
|
223
|
240
|
229
|
224
|
232
|
230
|
223
|
191
|
171
|
144
|
118
|
116
|
89
|
82
|
|
Income to Minority Interest |
3
|
3
|
0
|
(1)
|
(2)
|
(1)
|
(1)
|
2
|
2
|
1
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
58
N/A
|
65
+11%
|
61
-5%
|
61
-1%
|
73
+20%
|
70
-3%
|
76
+8%
|
80
+6%
|
83
+4%
|
90
+9%
|
101
+12%
|
110
+8%
|
311
+184%
|
335
+8%
|
350
+5%
|
358
+2%
|
125
-65%
|
119
-5%
|
118
-1%
|
139
+18%
|
194
+39%
|
197
+2%
|
198
+1%
|
190
-4%
|
196
+3%
|
211
+8%
|
222
+5%
|
223
+0%
|
240
+8%
|
229
-5%
|
224
-2%
|
232
+4%
|
230
-1%
|
223
-3%
|
191
-14%
|
171
-10%
|
144
-16%
|
118
-18%
|
116
-2%
|
89
-24%
|
82
-8%
|
|
EPS (Diluted) |
1.01
N/A
|
1.12
+11%
|
1.06
-5%
|
1.1
+4%
|
1.3
+18%
|
1.29
-1%
|
1.41
+9%
|
1.5
+6%
|
1.55
+3%
|
1.74
+12%
|
1.91
+10%
|
2.04
+7%
|
5.85
+187%
|
6.03
+3%
|
6.22
+3%
|
6.37
+2%
|
2.23
-65%
|
2.14
-4%
|
2.11
-1%
|
2.47
+17%
|
3.47
+40%
|
3.47
N/A
|
3.47
N/A
|
3.31
-5%
|
3.44
+4%
|
3.69
+7%
|
3.81
+3%
|
3.81
N/A
|
4.14
+9%
|
3.95
-5%
|
3.89
-2%
|
4.02
+3%
|
3.98
-1%
|
3.89
-2%
|
3.45
-11%
|
3.15
-9%
|
2.6
-17%
|
2.18
-16%
|
2.14
-2%
|
1.64
-23%
|
1.51
-8%
|