The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 114,442 | 106,171 | 113,234 | 215,525 |
| Stock-based compensation expense | 48,517 | 52,443 | 54,768 | 54,505 |
| Depreciation of property, plant, and equipment | 20,289 | 21,271 | 17,270 | 16,347 |
| Loss (gain) on disposal of property, plant, and equipment | -164 | -88 | -229 | -19 |
| Gain from sale of training center property | 5,053 | - | - | - |
| Amortization of intangible assets | 10,504 | 11,418 | 4,610 | 3,274 |
| Intangible asset impairment charges | - | - | - | 0 |
| Non-cash, loss from catastrophes | - | 0 | 0 | 46,372 |
| Excess and obsolete inventory charges | 15,643 | 2,505 | 3,775 | 3,084 |
| Operating lease asset impairment charges | - | - | - | 0 |
| Fair value adjustment on acquired inventories (note 21) | 0 | 1,224 | 2,829 | - |
| Amortization of discounts or (premiums) on investments | 731 | -306 | -1,745 | -4,968 |
| Realized (gain) loss on sale of investments | 156 | -8 | -1,954 | -182 |
| Revaluation of contingent consideration | - | - | - | 0 |
| Change in deferred income taxes | -40,147 | 21,507 | 19,779 | 27,338 |
| Accounts receivable | 1,358 | 32,128 | -23,346 | -3,454 |
| Unbilled revenue | 13,869 | 693 | 255 | -1,806 |
| Inventories | -4,863 | 1,253 | 22,591 | 48,934 |
| Prepaid expenses and other current assets | -5,655 | -1,514 | -2,469 | 6,998 |
| Accounts payable | 11,707 | 18,352 | -13,744 | -17,277 |
| Accrued expenses | 15,957 | 2,916 | -35,309 | 2,056 |
| Accrued income taxes | -16,806 | -9,278 | -16,745 | -444 |
| Deferred revenue and customer deposits | -4,178 | -6,216 | -9,122 | 4,886 |
| Other | 223 | -1,940 | -4,232 | 12,081 |
| Net cash provided by operating activities | 245,514 | 149,081 | 112,916 | 243,406 |
| Purchases of investments | 290,224 | 850,852 | 184,056 | 233,720 |
| Maturities and sales of investments | 320,279 | 828,370 | 496,462 | 253,983 |
| Proceeds from sale of training center property | 6,704 | - | - | - |
| Purchases of property, plant, and equipment, net of proceeds from disposals | 8,743 | 15,043 | 23,077 | 19,667 |
| Net payments related to business acquisitions (note 21) | 0 | 1,444 | 257,056 | 5,050 |
| Net cash provided by (used in) investing activities | 28,016 | -38,969 | 32,273 | -4,454 |
| Net payments from issuance of common stock under stock plans | -445 | 994 | 3,268 | 9,861 |
| Repurchase of common stock | 151,233 | 67,085 | 79,794 | 204,314 |
| Payment of excise tax, prior year common stock repurchases | 388 | - | - | - |
| Payment of dividends | 54,627 | 52,329 | 49,079 | 45,921 |
| Payment of contingent consideration | - | - | - | 0 |
| Net cash used in financing activities | -206,693 | -118,420 | -125,605 | -240,374 |
| Effect of foreign exchange rate changes on cash and cash equivalents | 9,994 | -8,253 | 1,697 | -3,365 |
| Net change in cash and cash equivalents | 76,831 | -16,561 | 21,281 | -4,787 |
| Cash and cash equivalents at beginning of period | 186,094 | 202,655 | 181,374 | 186,161 |
| Cash and cash equivalents at end of period | 262,925 | 186,094 | 202,655 | 181,374 |
COGNEX CORP (CGNX)
COGNEX CORP (CGNX)