Masimo (MASI) generates its revenues from global operations. The company generates most of its revenues from three key regions:
- the US
- Europe, the Middle East, and Africa
- Asia and Australia
These regions contributed 68%, 18.6%, and 9.8% of Masimo’s total revenues, respectively, in fiscal 2017—compared to 70%, 17% and 10% in fiscal 2016.
In fiscal 2017, Masimo generated an operating cash flow of $56 million—compared to $419.1 million in fiscal 2016. The decrease was due to lower profits generated and an increase in taxes payable during the period.
In fiscal 2017, Masimo spent $47.9 million on investing activities—compared to $25.3 million in fiscal 2016. Masimo spent $43.6 million on property and equipment purchases in fiscal 2017—compared to $19.7 million in fiscal 2016.
Masimo spent $4.1 million on financing activities in fiscal 2017—compared to $216.6 million in fiscal 2016. The change was due to repaying the revolving line of credit of $230 million in fiscal 2016. In fiscal 2017, Masimo raised $62.2 million from issuing common stock—compared to $37.2 million in fiscal 2016.
At the end of fiscal 2017, Masimo had cash and equivalents of $315.4 million—compared to $308.1 million at the end of fiscal 2016.