Qnity Electronics, Inc.

Q 10-K · FY 2025

Q FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 4,754 4,335 +9.7%
Show Business Segments breakouts
Interconnect Solutions 2,112 1,885 +12.0%
Interconnect Solutions · Americas 336 285 +17.9%
Interconnect Solutions · Asia Pacific 1,604 1,439 +11.5%
Interconnect Solutions · CN 857 801 +7.0%
Interconnect Solutions · EMEA 172 161 +6.8%
Interconnect Solutions · KR 108 103 +4.9%
Interconnect Solutions · Other 467 398 +17.3%
Interconnect Solutions · Other Americas 35 28 +25.0%
Interconnect Solutions · Rest of Asia Pacific: 747 638 +17.1%
Interconnect Solutions · TW 172 137 +25.5%
Interconnect Solutions · US 301 257 +17.1%
Semiconductor Technologies 2,642 2,450 +7.8%
Semiconductor Technologies · Americas 293 274 +6.9%
Semiconductor Technologies · Asia Pacific 2,143 1,979 +8.3%
Semiconductor Technologies · CN 713 656 +8.7%
Semiconductor Technologies · EMEA 206 197 +4.6%
Semiconductor Technologies · KR 617 596 +3.5%
Semiconductor Technologies · Other 278 269 +3.3%
Semiconductor Technologies · Other Americas 3 3 0.0%
Semiconductor Technologies · Rest of Asia Pacific: 1,430 1,323 +8.1%
Semiconductor Technologies · TW 535 458 +16.8%
Semiconductor Technologies · US 290 271 +7.0%
Show Geography breakouts
Americas 629 559 +12.5%
Asia Pacific 3,747 3,418 +9.6%
CN 1,570 1,457 +7.8%
EMEA 378 358 +5.6%
KR 725 699 +3.7%
Other 745 667 +11.7%
Other Americas 38 31 +22.6%
Rest of Asia Pacific: 2,177 1,961 +11.0%
TW 707 595 +18.8%
US 591 528 +11.9%
Cost of Revenue 2,559 2,339 +9.4%
Show Related Party Transactions By Related Party breakouts
Related Party 28 41 -31.7%
Research & Development 354 314 +12.7%
Show Related Party Transactions By Related Party breakouts
Related Party 32 36 -11.1%
Selling, General & Administrative 620 603 +2.8%
Show Related Party Transactions By Related Party breakouts
Related Party 186 222 -16.2%
Amortization Of Intangible Assets 207 232 -10.8%
Restructuring Settlement And Impairment Provisions Including Adjustments 20 8 +150.0%
Business Combination Acquisition Integration And Separation Related Costs 25
Income Loss From Equity Method Investments 47 37 +27.0%
Show Business Segments breakouts
Interconnect Solutions · Operating Segments -1 -3 +66.7%
Semiconductor Technologies · Operating Segments 48 40 +20.0%
Interest And Debt Expense 65
Non-Operating Income (Expense) 11 25 -56.0%
Income Before Taxes 962 901 +6.8%
Income Tax Expense (Benefit) 233 177 +31.6%
Net Income 729 724 +0.7%
Show Equity Components breakouts
Noncontrolling Interest 37 31 +19.4%
Parent Company Net Investment 645 693 -6.9%
Retained Earnings 47
Net Income Loss Attributable To Noncontrolling Interest 37 31 +19.4%
Net Income Loss Available To Common Stockholders Basic 692 693 -0.1%
EPS (Basic) 3.3 3.31 -0.3%
EPS (Diluted) 3.3 3.31 -0.3%
Wtd Avg Shares (Basic) 209.6 209.4 +0.1%
Wtd Avg Shares (Diluted) 209.8 209.4 +0.2%
Operating Expenses (FY)
Show Related Party Transactions By Related Party breakouts
Related Party 265 306 -13.4%
Interest Income 4
Other Non-Operating Income (Expense) 3 3 0.0%
Comprehensive Income 904 524 +72.5%
Other Comprehensive Income (FY)
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -2 6 -133.3%
Accumulated Other Comprehensive Income 212 -169 +225.4%
Accumulated Translation Adjustment 214 -175 +222.3%
Foreign Currency Transaction Gain Loss Before Tax -4 5 -180.0%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 915 166 +451.2%
Receivables Net Current 992 682 +45.5%
Inventory 661 597 +10.7%
Prepaid Expenses & Other Current Assets 70 38 +84.2%
Total Current Assets 2,638 1,483 +77.9%
Accounts Receivable 656 580 +13.1%
Non-Current Assets
Goodwill 7,522 7,379 +1.9%
Show Business Segments breakouts
Interconnect Solutions 2,980 2,926 +1.8%
Semiconductor Technologies 4,542 4,453 +2.0%
Deferred Tax Assets 42 42 0.0%
Other Non-Current Assets 654 141 +363.8%
Total Assets 14,070 12,273 +14.6%
Show Business Segments breakouts
Interconnect Solutions · Operating Segments 5,594 5,270 +6.1%
Semiconductor Technologies · Operating Segments 7,022 6,520 +7.7%
Show Consolidation Items breakouts
Corporate Non Segment · Segment Continuing Operations 1,454 483 +201.0%
Show Statement Operating Activities Segment breakouts
Segment Continuing Operations 14,070 12,273 +14.6%
Operating Lease Right-of-Use Assets 493 127 +288.2%
Intangible Assets 1,111 1,286 -13.6%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Related Intangible Assets 899 1,017 -11.6%
Developed Technology Rights 195 248 -21.4%
Trademarks 17 21 -19.0%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization 3,151 2,669 +18.1%
Show Property Plant And Equipment By Type breakouts
Building 679 596 +13.9%
Construction In Progress 188 194 -3.1%
Land And Land Improvements 73 71 +2.8%
Machinery And Equipment 2,211 1,808 +22.3%
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization 1,450 1,121 +29.3%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 1,701 1,548 +9.9%
Intangible Assets Net Excluding Goodwill 1,111 1,286 -13.6%
Show Business Segments breakouts
Interconnect Solutions · Operating Segments 847 972 -12.9%
Semiconductor Technologies · Operating Segments 264 314 -15.9%
Long Term Investments And Receivables Net 402 394 +2.0%
Assets Noncurrent Other Than Noncurrent Investments And Property Plant And Equipment 9,731 9,242 +5.3%
Current Liabilities
Debt Current 24
Accounts Payable 680 528 +28.8%
Accrued Income Taxes Current 150 161 -6.8%
Accrued Liabilities 502 150 +234.7%
Total Current Liabilities 1,356 839 +61.6%
Deferred Revenue (Current) 1 1 0.0%
Non-Current Liabilities
Deferred Tax Liabilities 273 259 +5.4%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 80 65 +23.1%
Other Non-Current Liabilities 992 214 +363.6%
Liabilities Other Than Longterm Debt Noncurrent 1,345 538 +150.0%
Total Liabilities 6,704 1,377 +386.9%
Long-Term Debt 4,100
Operating Lease Liabilities 455 100 +355.0%
Contract With Customer Liability Noncurrent 46 35 +31.4%
Other Liabilities
Long Term Debt And Capital Lease Obligations 4,003
Stockholders' Equity
Common Stock 2
Preferred Stock Value 2
Additional Paid-In Capital 7,286
Retained Earnings 18
Accumulated Other Comprehensive Income -213 -414 +48.6%
Total Stockholders' Equity 7,095 10,644 -33.3%
Minority Interest 271 252 +7.5%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 7,366 10,896 -32.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 8 21 -61.9%
Accumulated Other Comprehensive Income -213 -414 +48.6%
Accumulated Translation Adjustment -221 -435 +49.2%
Additional Paid In Capital 7,286
Common Stock 2
Noncontrolling Interest 271 252 +7.5%
Preferred Stock 2
Retained Earnings 18
Total Liabilities & Equity 14,070 12,273 +14.6%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation 169 162 +4.3%
Stock-Based Compensation 20 13 +53.8%
Deferred Income Taxes And Tax Credits -79 -81 +2.5%
Gain Loss On Disposition Of Assets1 -1 -16 +93.8%
Restructuring Costs And Asset Impairment Charges 20 8 +150.0%
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component 9 5 +80.0%
Pension And Other Postretirement Benefit Contributions -10 -4 -150.0%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions -5 4 -225.0%
Increase Decrease In Accounts And Notes Receivable -12 -53 +77.4%
Increase Decrease In Inventories Excluding Inventory Acquired In Business Combination -51 -84 +39.3%
Increase Decrease In Other Operating Assets -395 39 -1112.8%
Change in Accounts Payable 119 78 +52.6%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities 108 39 +176.9%
Increase Decrease In Other Operating Capital Net 385 -33 +1266.7%
Increase Decrease In Accrued Income Taxes Payable 60 28 +114.3%
Net Cash from Operations 1,273 1,061 +20.0%
Depreciation & Amortization 376 394 -4.6%
Deferred Income Taxes -79 -81 +2.5%
Investing Activities
Payments To Acquire Productive Assets -285 -200 -42.5%
Net Cash from Investing -285 -172 -65.7%
Financing Activities
Proceeds From Issuance Of Common Stock 1
Proceeds From Issuance Of Preferred Stock And Preference Stock 2
Payments Of Dividends Minority Interest -21 -17 -23.5%
Payments Of Dividends Common Stock -13
Payment For Proceeds From Transfers To From Parent -4,229 -831 -408.9%
Proceeds From Issuance Of Long Term Debt 4,100
Debt Issuance Costs -88
Net Cash from Financing -248 -848 +70.8%
Supplemental
Income Taxes Paid Net Continuing Operations 94 62 +51.6%
Income Taxes Paid 94
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 9 -14 +164.3%
Net Change in Cash 749 27 +2674.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 915 166 +451.2%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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