$MASI
MASIMO CORP

2024 Q3 Form 10-Q Financial Statement

#000093755624000109 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $504.6M
YoY Change 10.83%
Cost Of Revenue $241.4M
YoY Change 3.12%
Gross Profit $263.2M
YoY Change 18.99%
Gross Profit Margin 52.16%
Selling, General & Admin $184.8M
YoY Change 21.82%
% of Gross Profit 70.21%
Research & Development $48.30M
YoY Change 20.15%
% of Gross Profit 18.35%
Depreciation & Amortization $10.30M
YoY Change -3.74%
% of Gross Profit 3.91%
Operating Expenses $233.1M
YoY Change 21.47%
Operating Profit $30.10M
YoY Change 2.73%
Interest Expense -$18.50M
YoY Change -256.78%
% of Operating Profit -61.46%
Other Income/Expense, Net -$18.50M
YoY Change 311.11%
Pretax Income $11.60M
YoY Change -53.23%
Income Tax $1.800M
% Of Pretax Income 15.52%
Net Earnings $9.800M
YoY Change -37.58%
Net Earnings / Revenue 1.94%
Basic Earnings Per Share $0.18
Diluted Earnings Per Share $0.18
COMMON SHARES
Basic Shares Outstanding 53.40M shares
Diluted Shares Outstanding 54.30M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $158.5M
YoY Change 5.18%
Cash & Equivalents $158.5M
Short-Term Investments
Other Short-Term Assets $180.5M
YoY Change 8.67%
Inventory $569.9M
Prepaid Expenses $36.30M
Receivables $371.0M
Other Receivables $6.200M
Total Short-Term Assets $1.280B
YoY Change 5.93%
LONG-TERM ASSETS
Property, Plant & Equipment $417.9M
YoY Change 1.93%
Goodwill $412.5M
YoY Change 0.39%
Intangibles $640.8M
YoY Change -3.74%
Long-Term Investments $6.800M
YoY Change -51.08%
Other Assets $105.8M
YoY Change -2.22%
Total Long-Term Assets $1.808B
YoY Change 0.27%
TOTAL ASSETS
Total Short-Term Assets $1.280B
Total Long-Term Assets $1.808B
Total Assets $3.088B
YoY Change 2.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $280.8M
YoY Change 5.76%
Accrued Expenses $31.40M
YoY Change 4.32%
Deferred Revenue $84.50M
YoY Change 14.65%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $39.40M
YoY Change 23.9%
Total Short-Term Liabilities $637.6M
YoY Change 11.49%
LONG-TERM LIABILITIES
Long-Term Debt $733.2M
YoY Change -17.51%
Other Long-Term Liabilities $142.5M
YoY Change 15.57%
Total Long-Term Liabilities $875.7M
YoY Change -1.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $637.6M
Total Long-Term Liabilities $875.7M
Total Liabilities $1.625B
YoY Change -4.6%
SHAREHOLDERS EQUITY
Retained Earnings $1.841B
YoY Change 5.09%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.463B
YoY Change
Total Liabilities & Shareholders Equity $3.088B
YoY Change 2.54%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $9.800M
YoY Change -37.58%
Depreciation, Depletion And Amortization $10.30M
YoY Change -3.74%
Cash From Operating Activities $25.60M
YoY Change 8.47%
INVESTING ACTIVITIES
Capital Expenditures $16.20M
YoY Change -26.7%
Acquisitions
YoY Change
Other Investing Activities $2.700M
YoY Change -1000.0%
Cash From Investing Activities -$13.50M
YoY Change -39.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.600M
YoY Change -67.35%
NET CHANGE
Cash From Operating Activities 25.60M
Cash From Investing Activities -13.50M
Cash From Financing Activities -1.600M
Net Change In Cash 10.50M
YoY Change -383.78%
FREE CASH FLOW
Cash From Operating Activities $25.60M
Capital Expenditures $16.20M
Free Cash Flow $9.400M
YoY Change 526.67%

Facts In Submission

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dei Trading Symbol
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Nature Of Operations
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. Description of the Company </span></div><div style="margin-top:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Masimo Corporation is a global technology company that develops, manufactures and markets a wide array of patient monitoring technologies, as well as automation and connectivity solutions. The Company’s mission is to improve patient outcomes, reduce the cost of care and take noninvasive monitoring to new sites and applications. The Company operates two business segments: healthcare and non-healthcare.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s healthcare products and patient monitoring solutions generally incorporate a monitor or circuit board, proprietary single-patient use or reusable sensors, software and/or cables. The Company primarily sells its healthcare products to hospitals, emergency medical service providers, home care providers, physician offices, veterinarians, long-term care facilities and consumers through its direct sales force, distributors and original equipment manufacturer (OEM) partners.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 11, 2022, the Company acquired Viper Holdings Corporation, the parent company of DEI Sales, Inc., d/b/a Sound United (Sound United), via the Company’s wholly-owned subsidiary, Sonic Boom Acquisition Corp (Sonic) (Sound United Acquisition). For additional information on the Company’s acquisition of Sound United, see Note 18, “Business Combinations”.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s non-healthcare consumer products and home integration technologies are primarily sold or licensed direct-to-consumers, or through authorized retailers and wholesalers.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The terms “the Company” and “Masimo” refer to Masimo Corporation and, where applicable, its consolidated subsidiaries.</span></div>
us-gaap Number Of Operating Segments
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us-gaap Fiscal Period
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<div style="margin-top:13pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Periods</span></div><div style="margin-top:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company follows a conventional 52/53 week fiscal year. Under a conventional 52/53 week fiscal year, a 52 week fiscal year includes four quarters of 13 weeks while a 53 week fiscal year includes three 13 week fiscal quarters and one 14 week fiscal quarter. The Company’s last 53 week fiscal year was fiscal year 2020. Fiscal year 2024 is a 52 week fiscal year ending December 28, 2024. All references to years in these notes to condensed consolidated financial statements are fiscal years unless otherwise noted.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:13pt;text-indent:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> amounts in the accompanying condensed consolidated financial statements have been reclassified to conform to the current period presentation, including certain balance sheet asset accounts in the consolidated financial statements for the year ended December 30, 2023. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There was no impact on previously reported total assets, liabilities, stockholders’ equity or net income.</span></div>
us-gaap Use Of Estimates
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<div style="margin-top:13pt;text-indent:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div>The Company prepares its financial statements in conformity with GAAP, which requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates include the determination of standalone selling prices, variable consideration, total consideration allocated to each performance obligation within a contract, inventory valuation, valuation of the Company’s equity awards, valuation of identifiable assets and liabilities connected with business combinations, impairment of long-lived assets, intangible assets and goodwill; derivative and equity instruments, deferred taxes and any associated valuation allowances, deferred revenue, accounting for pensions, uncertain income tax positions, litigation costs, and related accruals.
us-gaap Number Of Reporting Units
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masi Number Of Sources Of Product Revenue
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us-gaap Product Warranty Accrual Warranties Issued
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us-gaap Product Warranty Accrual Payments
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us-gaap Product Warranty Accrual Payments
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us-gaap Advertising Expense
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1100000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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53900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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53900000 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
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EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Diluted
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0.82
us-gaap Earnings Per Share Diluted
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0.88
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1300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1400000 shares
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900000 shares
us-gaap Interest Paid Net
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29300000 usd
us-gaap Interest Paid Net
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35800000 usd
us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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39400000 usd
us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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1200000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1200000 usd
masi Investments Expenditures Incurred But Not Yet Paid
InvestmentsExpendituresIncurredButNotYetPaid
200000 usd
masi Investments Expenditures Incurred But Not Yet Paid
InvestmentsExpendituresIncurredButNotYetPaid
600000 usd
masi Proceeds From Stock Options Exercised Unsettled At Period End
ProceedsFromStockOptionsExercisedUnsettledAtPeriodEnd
0 usd
masi Proceeds From Stock Options Exercised Unsettled At Period End
ProceedsFromStockOptionsExercisedUnsettledAtPeriodEnd
500000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
158500000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
124400000 usd
CY2024Q3 us-gaap Restricted Cash
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5200000 usd
CY2023Q3 us-gaap Restricted Cash
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7900000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163700000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
132300000 usd
CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
234200000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
229700000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
26500000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
30000000.0 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
309200000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
285300000 usd
CY2024Q3 us-gaap Inventory Net
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569900000 usd
CY2023Q4 us-gaap Inventory Net
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545000000.0 usd
CY2024Q3 us-gaap Prepaid Taxes
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62100000 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
29300000 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
36300000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
58300000 usd
CY2024Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
33900000 usd
CY2023Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
28600000 usd
CY2024Q3 us-gaap Net Investment In Lease Current
NetInvestmentInLeaseCurrent
26000000.0 usd
CY2023Q4 us-gaap Net Investment In Lease Current
NetInvestmentInLeaseCurrent
30200000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
7500000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6700000 usd
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
6200000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
6800000 usd
CY2024Q3 us-gaap Prepaid Royalties
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4800000 usd
CY2023Q4 us-gaap Prepaid Royalties
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4800000 usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
2800000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3000000.0 usd
CY2024Q3 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
900000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
700000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
180500000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
168400000 usd
CY2024Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
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CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
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us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
34000000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
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CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
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90500000 usd
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
101900000 usd
CY2024Q3 masi Sales Type Lease Allowance For Credit Loss
SalesTypeLeaseAllowanceForCreditLoss
300000 usd
CY2023Q4 masi Sales Type Lease Allowance For Credit Loss
SalesTypeLeaseAllowanceForCreditLoss
300000 usd
CY2024Q3 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
90200000 usd
CY2023Q4 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
101600000 usd
CY2024Q3 us-gaap Net Investment In Lease Current
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26000000.0 usd
CY2023Q4 us-gaap Net Investment In Lease Current
NetInvestmentInLeaseCurrent
30200000 usd
CY2024Q3 us-gaap Net Investment In Lease Noncurrent
NetInvestmentInLeaseNoncurrent
64200000 usd
CY2023Q4 us-gaap Net Investment In Lease Noncurrent
NetInvestmentInLeaseNoncurrent
71400000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
7600000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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3300000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
26000000.0 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
12500000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
21200000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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11700000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
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15500000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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9900000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
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9600000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
7100000 usd
CY2024Q3 masi Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
10300000 usd
CY2024Q3 masi Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
11600000 usd
CY2024Q3 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
90200000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
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56100000 usd
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
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0 usd
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
90200000 usd
CY2024Q3 masi Sales Type And Direct Financing Leases Lease Receivable Discount Rate
SalesTypeAndDirectFinancingLeasesLeaseReceivableDiscountRate
0
CY2024Q3 masi Deferred Sales Commissions
DeferredSalesCommissions
22900000 usd
CY2023Q4 masi Deferred Sales Commissions
DeferredSalesCommissions
21800000 usd
CY2024Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
20200000 usd
CY2023Q4 us-gaap Unbilled Contracts Receivable
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17000000.0 usd
CY2024Q3 masi Prepaid Discount
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15000000.0 usd
CY2023Q4 masi Prepaid Discount
PrepaidDiscount
17000000.0 usd
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DeferredEquipmentAgreementsNet
1500000 usd
CY2023Q4 masi Deferred Equipment Agreements Net
DeferredEquipmentAgreementsNet
1500000 usd
CY2024Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
59600000 usd
CY2023Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
57300000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
723200000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
686800000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
305300000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
262400000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
417900000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
424400000 usd
CY2024Q1 masi Undeveloped Land Held For Sale
UndevelopedLandHeldForSale
11400000 usd
CY2024Q3 us-gaap Depreciation
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10300000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
10700000 usd
us-gaap Depreciation
Depreciation
31700000 usd
us-gaap Depreciation
Depreciation
33200000 usd
CY2024Q3 masi Amortization Of Leased Equipment
AmortizationOfLeasedEquipment
5600000 usd
CY2023Q3 masi Amortization Of Leased Equipment
AmortizationOfLeasedEquipment
5200000 usd
masi Amortization Of Leased Equipment
AmortizationOfLeasedEquipment
18400000 usd
masi Amortization Of Leased Equipment
AmortizationOfLeasedEquipment
12400000 usd
CY2024Q3 masi Leased Equipment Accumulated Amortization
LeasedEquipmentAccumulatedAmortization
1200000 usd
CY2023Q4 masi Leased Equipment Accumulated Amortization
LeasedEquipmentAccumulatedAmortization
1500000 usd
CY2022Q1 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
123000000 cad
CY2022Q4 us-gaap Escrow Deposit
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21000000 cad
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
486700000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
81500000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
405200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
552300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
132400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
419900000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
640800000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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652300000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13700000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13800000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
40500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42600000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
13600000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
53000000.0 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
53800000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
40600000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
40300000 usd
CY2024Q3 masi Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
203900000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
405200000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
407700000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
4800000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
412500000 usd
CY2024Q3 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
83100000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
59100000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22500000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18200000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
65800000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45800000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
88300000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
64000000.0 usd
CY2024Q3 masi Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
55500000 usd
CY2023Q4 masi Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
48900000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y2M12D
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6100000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
25100000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20100000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15000000.0 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
13100000 usd
CY2024Q3 masi Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
20900000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
100300000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12000000.0 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
88300000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
5600000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
12600000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
17500000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
33200000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
83100000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
59100000 usd
CY2024Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
7000000.0 usd
CY2023Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
6400000 usd
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
6800000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
7200000 usd
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2400000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2200000 usd
CY2024Q3 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
2600000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
2700000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
100000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
300000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
105800000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
89300000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
65000000.0 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
63800000 usd
CY2024Q3 masi Accrued Rebates And Allowances
AccruedRebatesAndAllowances
33800000 usd
CY2023Q4 masi Accrued Rebates And Allowances
AccruedRebatesAndAllowances
37500000 usd
CY2024Q3 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
12600000 usd
CY2023Q4 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
12400000 usd
CY2024Q3 us-gaap Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
111400000 usd
CY2023Q4 us-gaap Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
113700000 usd
CY2024Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
26900000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
26400000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
84500000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
87300000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1651900000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P1Y
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
63800000 usd
masi Contract With Customer Liability Deferred Revenue Additions
ContractWithCustomerLiabilityDeferredRevenueAdditions
22800000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
21600000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
65000000.0 usd
CY2024Q3 us-gaap Long Term Debt Current
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39400000 usd
CY2023Q4 us-gaap Long Term Debt Current
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34300000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
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31400000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
26300000 usd
CY2024Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
29200000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
23900000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22500000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18200000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
20900000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
9900000 usd
CY2024Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
15400000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
16100000 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
12700000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
10200000 usd
CY2024Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
9100000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8600000 usd
CY2024Q3 masi Accrued Donations Current
AccruedDonationsCurrent
1700000 usd
CY2023Q4 masi Accrued Donations Current
AccruedDonationsCurrent
4000000.0 usd
CY2024Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
196300000 usd
CY2023Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
162400000 usd
CY2024Q3 us-gaap Debt Current
DebtCurrent
39400000 usd
CY2023Q4 us-gaap Debt Current
DebtCurrent
34300000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
733200000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
871700000 usd
CY2024Q3 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
772600000 usd
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
906000000.0 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
25700000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
18400000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
18400000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
703200000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3000000.0 usd
CY2024Q3 masi Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
3900000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
772600000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
65800000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45800000 usd
CY2024Q3 masi Unrecognized Tax Benefits Liabilities Noncurrent
UnrecognizedTaxBenefitsLiabilitiesNoncurrent
31200000 usd
CY2023Q4 masi Unrecognized Tax Benefits Liabilities Noncurrent
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