WAT · 8-K · 20260804PR331413
Liquidity and Debt Position
WATERS CORP /DE/ · 2026-08-04 · Importance 88 · Surprise 82 · No source text
Cash and cash equivalents were $539 million at July 4, 2026, down from $588 million at December 31, 2025. Notes payable and debt increased to $5.086 billion from $1.407 billion, while total liabilities increased to $9.556 billion from $2.515 billion. Six-month debt proceeds were $3.742 billion and debt repayments were $4.040 billion, including financing activity associated with the BDS acquisition. Second-quarter net cash provided by operating activities was $200 million, compared with $41 million in the prior-year quarter.
Key facts
- Notes payable and debt at July 4, 2026: $5,086 million; at December 31, 2025: $1,407 million. source
- Accounts receivable at July 4, 2026: $1,987 million; at December 31, 2025: $829 million. source
- Total assets at July 4, 2026: $24,751 million; total assets at December 31, 2025: $5,077 million. source
- Total stockholders’ equity at July 4, 2026: $15,195 million; at December 31, 2025: $2,562 million. source
- Total liabilities at July 4, 2026: $9,556 million; at December 31, 2025: $2,515 million. source
- Interest expense, net for three months ended July 4, 2026: ($55) million; for three months ended June 28, 2025: ($10) million. source
- Proceeds from debt issuances for three months ended July 4, 2026: $212 million; for six months ended July 4, 2026: $3,742 million. source
- Payments on debt for three months ended July 4, 2026: ($340) million; for six months ended July 4, 2026: ($4,040) million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +79.5% | Total assets at July 4, 2026: $24,751 million; total assets at December 31, 2025: $5,077 million. |
| assets | positive | realized | +51.1% | Total stockholders’ equity at July 4, 2026: $15,195 million; at December 31, 2025: $2,562 million. |
| liability | negative | realized | -14.9% | Notes payable and debt at July 4, 2026: $5,086 million; at December 31, 2025: $1,407 million. |
| assets | positive | realized | +4.7% | Accounts receivable at July 4, 2026: $1,987 million; at December 31, 2025: $829 million. |
| net_income | negative | realized | -2.7% | Interest expense, net for three months ended July 4, 2026: ($55) million; for three months ended June 28, 2025: ($10) million. |
| liability | negative | realized | — | Total liabilities at July 4, 2026: $9,556 million; at December 31, 2025: $2,515 million. |
| cash | positive | realized | — | Proceeds from debt issuances for three months ended July 4, 2026: $212 million; for six months ended July 4, 2026: $3,742 million. |
| cash | negative | realized | — | Payments on debt for three months ended July 4, 2026: ($340) million; for six months ended July 4, 2026: ($4,040) million. |