BCPC FY 2022 Earnings Report — Balchem Corporation Revenue & Financial Results | Market Cap Arena

Balchem CorporationBCPC

FY 2022 Earnings

Reported February 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$942M	—	$799M	—	17.9%
Op. Income	$145M	—	$128M	—	13.9%
Gross Margin	29.8%	—	30.4%	—	-0.7pp
Net Margin	11.2%	—	12.0%	—	-0.8pp
EPS (Diluted)	$3.25	—	$2.94	—	10.5%
Free Cash Flow	$88M	—	$123M	—	-28.3%

Revenue Flow

Item	Amount
REVENUE	$942M
Cost of Revenue	$662M
GROSS PROFIT	$280M
R&D Expenses	$12M
Selling & Marketing	$67M
General & Administrative	$56M
SG&A Expenses	$123M
Other Expenses	$0
Operating Expenses	$135M
Cost & Expenses	$797M
OPERATING INCOME	$145M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$134M
Income Tax Expense	$28M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$52M
EBIT	$144M
EBITDA	$196M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$942M
Cost of Revenue	$662M
GROSS PROFIT	$280M
R&D Expenses	$12M
Selling & Marketing	$67M
General & Administrative	$56M
SG&A Expenses	$123M
Other Expenses	$0
Operating Expenses	$135M
Cost & Expenses	$797M
OPERATING INCOME	$145M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$134M
Income Tax Expense	$28M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$52M
EBIT	$144M
EBITDA	$196M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$105M
Depreciation & Amortization	$52M
Stock-Based Compensation	$13M
Deferred Income Tax	-$8M
Other Non-Cash Items	$2M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$139M
Capital Expenditure	-$50M
Acquisitions (Net)	-$366M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$56.0K
NET CASH FROM INVESTING	-$416M
Net Debt Issuance	$301M
Common Stock Repurchased	-$35M
Common Dividends Paid	-$21M
Other Financing Activities	$2M
NET CASH FROM FINANCING	$247M
FREE CASH FLOW	$88M
Net Change in Cash	-$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$67M
Short-Term Investments	$0
Net Receivables	$132M
Inventory	$120M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$336M
PP&E (Net)	$291M
Goodwill	$770M
Intangible Assets	$213M
Long-Term Investments	$4M
Tax Assets	$63M
Other Non-Current Assets	-$52M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.6B
Account Payables	$57M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$62M
TOTAL CURRENT LIABILITIES	$140M
Long-Term Debt	$441M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$63M
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$546M
TOTAL LIABILITIES	$686M
Common Stock	$2M
Additional Paid-In Capital	$129M
Retained Earnings	$814M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$938M
Minority Interest	$0
TOTAL EQUITY	$938M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$461M
Net Debt	$394M