Masimo Corporation · NASDAQ:MASI
Masimo — Q1 2021 Earnings Presentation
5 slides from Masimo's earnings presentation, Apr 26, 2021
Slide 1: Forward-looking statements
All statements other than statements of historical facts included in this Supplemental Non-GAAP information that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, the statements ab
Slide 2: GAAP to non-GAAP revenue, gross profit and operating expenses
GAAP revenue Product revenue 738,242$ 829,874$ 230,548$ 229,510$ 228,916$ 247,434$ 936,408$ 269,625$ 300,953$ 278,112$ 295,054$ 1,143,744$ 299,043$ 1,205,000$ Royalty and other revenue 52,006 28,415 1,116 142 95 76 1,429 - - - - - - - GAAP total revenue 790,248$ 858,289$ 231,664$ 229,652$ 229,011$ 2
Slide 3: GAAP to non-GAAP operating income and net income
GAAP operating income/margin 183,787$ 208,044$ 56,023$ 52,004$ 51,632$ 61,557$ 221,216$ 69,010$ 62,220$ 59,698$ 64,895$ 255,823$ 65,664$ 280,100$ Non-GAAP adjustments: Royalty and other revenue, net of related costs (48,384) (27,704) (1,048) (111) (57) (45) (1,262) - - - - - - - Acquisition & invest
Slide 4: GAAP to non-GAAP diluted earnings per share
2.23$ 3.45$ 0.87$ 0.79$ 0.86$ 0.92$ 3.44$ 1.12$ 0.96$ 0.85$ 1.21$ 4.14$ 0.92$ 3.83$ Royalty and other revenue, net of related costs (0.87) (0.49) (0.02) (0.00) (0.00) (0.00) (0.02) - - - - - - - Acquisition & investment related costs 0.03 0.03 0.01 0.02 0.02 0.04 0.08 0.04 0.02 0.02 0.06 0.14 0.05 0
Slide 5: Net cash from operations and adjusted free cash flow
Net cash provided by operating activities 56,062$ 239,527$ 42,468$ 58,311$ 50,637$ 70,224$ 221,640$ 42,355$ 63,712$ 40,478$ 64,418$ 210,963$ 59,260$ Purchases of property and equipment, net (43,684) (17,126) (6,963) (40,360) (8,741) (12,311) (68,375) (37,004) (14,266) (8,747) (12,532) (72,549) (8,90