Keysight Technologies, Inc.

10-K & 10-Q Filings

Keysight Technologies, Inc. is a global innovator in the computing, communications, and electronics market. The company's mission is to accelerate its customers' business success by helping them solve critical challenges in the development and commercialization of their products and services. Keysight delivers value through a broad range of design and test solutions that address the needs of various industries, including communications, aerospace defense, government, automotive, energy, industrial, and semiconductor. The company's business strategy includes investing in R&D to deliver differentiated, first-to-market solutions, expanding in attractive adjacencies, growing recurring revenue, and being good stewards of capital. Keysight's portfolio of hardware, software, and services includes spectrum and signal analyzers, network analyzers, power analyzers, protocol analyzers, oscilloscopes, digital multimeters, signal generators, power supplies, network test products, network visibility products, instrument software applications, software application solutions, and standalone software solutions. The company also offers product support services, technical and application support, and professional services. Keysight operates in two reportable segments: the Communications Solutions Group (CSG) and the Electronic Industrial Solutions Group (EISG). The Communications Solutions Group serves customers in the commercial communications and aerospace, defense, and government end markets. The Electronic Industrial Solutions Group serves customers in the automotive and energy, semiconductor solutions, and general electronics end markets. Keysight's website is https://www.keysight.com, and its ticker symbol is KEYS.

12 mos ending Oct 31, 201512 mos ending Oct 31, 201612 mos ending Oct 31, 201712 mos ending Oct 31, 201812 mos ending Oct 31, 201912 mos ending Oct 31, 202012 mos ending Oct 31, 202112 mos ending Oct 31, 202212 mos ending Oct 31, 20233 mos ending Jan 31, 20233 mos ending Jan 31, 2024CAGR %YoY %Revenue (+)
$2856.00
2918.00
3189.00
3878.00
4303.00
4221.00
4941.00
5420.00
5464.00
1381.00
1259.00
8.45%-8.83%Cost of Revenue (-)
$1269.00
1294.00
1487.00
1756.00
1769.00
1688.00
1872.00
1970.00
1932.00
498.00
446.00
5.39%-10.44%Gross Profit (+)
$1587.00
1624.00
1702.00
2122.00
2534.00
2533.00
3069.00
3450.00
3532.00
883.00
813.00
10.52%-7.93%Selling, General & Administrative (-)
$787.00
818.00
1049.00
1185.00
1155.00
1097.00
1195.00
1283.00
1307.00
338.00
362.00
6.55%7.10%Research & Development (-)
$387.00
425.00
498.00
607.00
688.00
715.00
811.00
841.00
882.00
227.00
232.00
10.85%2.20%Non-recurring Operating Expenses (-)
$
709.00
Operating Expenses (-)
$1156.00
1218.00
1463.00
2468.00
1823.00
1768.00
1989.00
2116.00
2174.00
561.00
592.00
8.22%5.53%Costs & Expenses (Total) (-)
$2425.00
2512.00
2950.00
4224.00
3592.00
3456.00
3861.00
4086.00
4106.00
1059.00
1038.00
6.80%-1.98%Operating Income/Loss (+)
$431.00
406.00
239.00
-346.00
711.00
765.00
1080.00
1334.00
1358.00
322.00
221.00
15.43%-31.37%Non-operating Income/Expense (+)
$3.00
7.00
20.00
18.00
84.00
74.00
9.00
30.00
77.00
28.00
28.00
50.03%0.00%Interest Expense (-)
$46.00
47.00
80.00
83.00
80.00
78.00
79.00
79.00
78.00
19.00
20.00
6.82%5.26%Earnings before Tax (+)
$388.00
366.00
179.00
-411.00
715.00
761.00
1010.00
1285.00
1357.00
331.00
229.00
16.94%-30.82%Tax Expense (-)
$-125.00
31.00
77.00
-576.00
94.00
134.00
116.00
161.00
300.00
71.00
57.00
-19.72%Income/Loss (Continuing Operations) (+)
$513.00
335.00
102.00
165.00
621.00
627.00
894.00
1124.00
1057.00
260.00
172.00
9.46%-33.85%Profit/Loss (+)
$513.00
335.00
102.00
165.00
621.00
627.00
894.00
1124.00
1057.00
260.00
176.00
9.46%-32.31%Net Income/Loss (+)
$513.00
335.00
102.00
165.00
621.00
627.00
894.00
1124.00
1057.00
260.00
172.00
9.46%-33.85%Net Income/Loss (Common) (+)
$513.00
335.00
102.00
165.00
621.00
627.00
894.00
1124.00
1057.00
260.00
172.00
9.46%-33.85%EPS (Basic)
$3.04
1.97
0.57
0.88
3.31
3.35
4.84
6.23
5.95
1.46
0.98
8.76%-32.88%EPS (Diluted)
$3.00
1.95
0.56
0.86
3.25
3.31
4.78
6.18
5.91
1.45
0.98
8.84%-32.41%Weighted Avg Shares (Basic)
169.00
170.00
180.00
187.00
188.00
187.00
185.00
180.00
178.00
178.00
175.00
0.65%-1.69%Weighted Avg Shares (Diluted)
171.00
172.00
182.00
191.00
191.00
189.00
187.00
182.00
179.00
180.00
176.00
0.57%-2.22%Cash
$483.00
783.00
818.00
913.00
1598.00
1756.00
2052.00
2042.00
2472.00
2228.00
1745.00
22.64%-21.68%Receivables
$398.00
437.00
547.00
624.00
668.00
606.00
735.00
905.00
900.00
920.00
808.00
10.74%-12.17%Inventory
$487.00
474.00
588.00
619.00
705.00
757.00
777.00
858.00
985.00
909.00
1024.00
9.20%12.65%Prepaid Expenses (Current)
$
429.00
452.00
441.00
499.00
13.15%Other Assets (Current)
$211.00
160.00
224.00
222.00
244.00
255.00
270.00
Assets (Current)
$1579.00
1854.00
2177.00
2378.00
3215.00
3374.00
3834.00
4234.00
4809.00
4498.00
4076.00
14.94%-9.38%Securities & Long-term Investments
$70.00
55.00
63.00
46.00
46.00
61.00
70.00
62.00
81.00
75.00
90.00
1.84%20.00%Property, Plant & Equipment (Net)
$518.00
512.00
530.00
555.00
576.00
777.00
877.00
910.00
987.00
950.00
1007.00
8.39%6.00%Goodwill & Intangibles
$946.00
944.00
2737.00
1816.00
1699.00
1898.00
1900.00
1771.00
1795.00
1777.00
2870.00
8.34%61.51%Other Assets
$395.00
438.00
426.00
1029.00
1087.00
1108.00
1100.00
1121.00
1011.00
1148.00
1017.00
12.47%-11.41%Assets (Non-current)
$1929.00
1949.00
3756.00
3446.00
3408.00
3844.00
3947.00
3864.00
3874.00
3950.00
4984.00
9.11%26.18%Assets (Total)
$3508.00
3803.00
5933.00
5824.00
6623.00
7218.00
7781.00
8098.00
8683.00
8448.00
9060.00
12.00%7.24%Accounts Payable
$427.00
413.00
456.00
560.00
586.00
289.00
716.00
777.00
680.00
746.00
688.00
5.99%-7.77%Debt (Current)
$
10.00
499.00
599.00
609.00
Other Liabilities (Current)
$259.00
231.00
353.00
403.00
417.00
792.00
593.00
630.00
770.00
719.00
819.00
14.59%13.91%Liabilities (Current)
$686.00
644.00
819.00
1462.00
1003.00
1081.00
1309.00
1407.00
2049.00
1465.00
2116.00
14.66%44.44%Debt (Non-current)
$1099.00
1100.00
2038.00
1291.00
1788.00
1789.00
1791.00
1793.00
1195.00
1793.00
1208.00
1.05%-32.63%Other Liabilities
$421.00
546.00
766.00
638.00
828.00
1051.00
897.00
737.00
785.00
786.00
919.00
8.10%16.92%Liabilities (Non-current)
$1520.00
1646.00
2804.00
1929.00
2616.00
2840.00
2688.00
2530.00
1980.00
2579.00
2127.00
3.36%-17.53%Liabilities (Total)
$2206.00
2290.00
3623.00
3391.00
3619.00
3921.00
3997.00
3937.00
4029.00
4044.00
4243.00
7.82%4.92%Treasury Stock
$
62.00
62.00
182.00
342.00
752.00
1425.00
2274.00
2980.00
2399.00
3073.00
28.10%Retained Earnings
$614.00
949.00
1041.00
1212.00
1909.00
2536.00
3430.00
4554.00
5611.00
4814.00
5783.00
31.86%20.13%AOCI
$-479.00
-618.00
-457.00
-488.00
-578.00
-599.00
-442.00
-454.00
-466.00
-391.00
-442.00
-13.04%Shareholder's Equity
$1302.00
1513.00
2310.00
2433.00
3004.00
3297.00
3784.00
4161.00
4654.00
4404.00
4817.00
17.26%9.38%Liabilities & Equity
$3508.00
3803.00
5933.00
5824.00
6623.00
7218.00
7781.00
8098.00
8683.00
8448.00
9060.00
12.00%7.24%Net Income/Loss
$513.00
335.00
102.00
165.00
621.00
627.00
894.00
1124.00
1057.00
260.00
172.00
9.46%-33.85%Depreciation & Amortization
$99.00
134.00
234.00
310.00
308.00
326.00
293.00
223.00
212.00
53.00
68.00
9.99%28.30%Increase/Decrease in Working Capital
$166.00
135.00
-15.00
-80.00
35.00
57.00
-36.00
404.00
19.00
-30.00
-23.73%Share-based Compensation
$55.00
49.00
-13.00
60.00
84.00
92.00
119.00
125.00
135.00
54.00
48.00
11.88%-11.11%Adjustments to Reconcile Net Income
$-137.00
81.00
211.00
390.00
377.00
389.00
428.00
20.00
351.00
106.00
156.00
47.17%Net Cash (Operating)
$376.00
416.00
313.00
555.00
998.00
1016.00
1322.00
1144.00
1408.00
366.00
328.00
17.94%-10.38%Capital Expenditure
$665.00
91.00
1766.00
114.00
206.00
474.00
352.00
218.00
281.00
60.00
525.00
-10.21%775.00%Net Cash (Investing)
$-671.00
-90.00
-1722.00
-116.00
-196.00
-442.00
-353.00
-251.00
-288.00
-60.00
-511.00
-751.67%Increase/Decrease in Debt
$
-1.00
958.00
-260.00
-7.00
Increase/Decrease in Equity
$26.00
-19.00
479.00
-56.00
-96.00
-353.00
-614.00
-786.00
-635.00
-92.00
-61.00
33.70%Interest Expenses
$
75.00
75.00
75.00
Net Cash (Financing)
$-19.00
-25.00
1440.00
-335.00
-122.00
-413.00
-671.00
-861.00
-687.00
-139.00
-548.00
-294.24%Cash Taxes Paid
$
130.00
191.00
343.00
14.00
12.00
-14.29%Effect of Exchange Rate
$-13.00
-1.00
4.00
-9.00
3.00
6.00
3.00
-43.00
-2.00
20.00
8.00
-60.00%Increase/Decrease in Cash
$-327.00
300.00
35.00
95.00
683.00
167.00
301.00
-11.00
431.00
187.00
-723.00
-486.63%Cash (Beginning)
$810.00
483.00
783.00
818.00
917.00
1600.00
1767.00
2068.00
2057.00
2057.00
2488.00
12.36%20.95%Cash (Ending)
$483.00
783.00
818.00
913.00
1600.00
1767.00
2068.00
2057.00
2488.00
2244.00
1765.00
22.74%-21.35%NOPAT
$569.85
371.61
136.19
-830.91
617.53
630.30
940.99
1135.72
1014.75
308.38
209.42
7.48%-32.09%Gross Margin %
55.57%
55.65%
53.37%
54.72%
58.89%
60.01%
62.11%
63.65%
64.64%
63.94%
64.58%
Operating Margin %
15.09%
13.91%
7.49%
-8.92%
16.52%
18.12%
21.86%
24.61%
24.85%
23.32%
17.55%
NOPAT Margin %
19.95%
12.74%
4.27%
-21.43%
14.35%
14.93%
19.04%
20.95%
18.57%
22.33%
16.63%
Net Margin %
17.96%
11.48%
3.20%
4.25%
14.43%
14.85%
18.09%
20.74%
19.34%
18.83%
13.66%
Tax Rate %
-32.22%
8.47%
43.02%
-140.15%
13.15%
17.61%
12.87%
14.86%
25.28%
4.23%
5.24%
ROA
16.24%
9.77%
2.30%
-14.27%
9.32%
8.73%
12.09%
14.02%
11.69%
3.65%
2.31%
ROE
43.77%
24.56%
5.90%
-34.15%
20.56%
19.12%
24.87%
27.29%
21.80%
7.00%
4.35%
ROIC
27.42%
17.44%
3.33%
-25.64%
18.81%
16.70%
24.96%
26.27%
22.06%
7.65%
4.00%
Asset Turnover
0.81
0.77
0.54
0.67
0.65
0.58
0.64
0.67
0.63
0.16
0.14
Inventory Turnover
2.61
2.73
2.53
2.84
2.51
2.23
2.41
2.30
1.96
0.55
0.44
Equity Multiplier
2.69
2.51
2.57
2.39
2.20
2.19
2.06
1.95
1.87
1.92
1.88
Current Ratio
2.30
2.88
2.66
1.63
3.21
3.12
2.93
3.01
2.35
3.07
1.93
Quick Ratio
1.28
1.89
1.67
1.05
2.26
2.19
2.13
2.09
1.65
2.15
1.21
Debt/Equity Ratio
0.84
0.73
0.89
0.74
0.60
0.54
0.47
0.43
0.39
0.41
0.38
Interest Coverage Ratio
14.40
17.79
18.11
Working Capital/Sales
0.22
0.23
0.26
0.22
0.23
0.26
0.20
0.30
0.33
0.94
1.08
R&D/Sales
0.14
0.15
0.16
0.16
0.16
0.17
0.16
0.16
0.16
0.16
0.18
Total Payout
$-26.00
20.00
-1437.00
316.00
96.00
360.00
689.00
861.00
710.00
92.00
61.00
-33.70%Payout Ratio %
-4.56%
5.38%
-1055.14%
38.03%
15.55%
57.12%
73.22%
75.81%
69.97%
29.83%
29.13%