BRKR FY 2008 Earnings Report — Bruker Corporation Revenue & Financial Results | Market Cap Arena

Bruker CorporationBRKR

FY 2008 Earnings

Reported March 16, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.1B	—	$548M	—	102.2%
Op. Income	$108M	—	$50M	—	116.5%
Gross Margin	45.6%	—	46.2%	—	-0.6pp
Net Margin	5.9%	—	5.8%	—	0.1pp
EPS (Diluted)	$0.39	—	$0.60	—	-35.0%
Free Cash Flow	$60M	—	$12M	—	390.5%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$602M
GROSS PROFIT	$505M
R&D Expenses	$134M
Selling & Marketing	$0
General & Administrative	$255M
SG&A Expenses	$255M
Other Expenses	$0
Operating Expenses	$388M
Cost & Expenses	$990M
OPERATING INCOME	$108M
Interest Income	$5M
Interest Expense	$41M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$93M
Income Tax Expense	$28M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$30M
EBIT	$105M
EBITDA	$135M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$602M
GROSS PROFIT	$505M
R&D Expenses	$134M
Selling & Marketing	$0
General & Administrative	$255M
SG&A Expenses	$255M
Other Expenses	$0
Operating Expenses	$388M
Cost & Expenses	$990M
OPERATING INCOME	$108M
Interest Income	$5M
Interest Expense	$41M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$93M
Income Tax Expense	$28M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$30M
EBIT	$105M
EBITDA	$135M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$65M
Depreciation & Amortization	$30M
Stock-Based Compensation	$5M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$300.0K
Change in Working Capital	$10M
OPERATING CASH FLOW	$107M
Capital Expenditure	-$47M
Acquisitions (Net)	-$11M
Purchases of Investments	-$100.0K
Sales/Maturities of Investments	$10M
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	$173M
Common Stock Repurchased	$0
Common Dividends Paid	-$386M
Other Financing Activities	-$26M
NET CASH FROM FINANCING	-$235M
FREE CASH FLOW	$60M
Net Change in Cash	-$166M

Balance Sheet

Item	Amount
Cash & Equivalents	$166M
Short-Term Investments	$2M
Net Receivables	$172M
Inventory	$425M
Other Current Assets	$56M
TOTAL CURRENT ASSETS	$821M
PP&E (Net)	$221M
Goodwill	$46M
Intangible Assets	$6M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$296M
TOTAL ASSETS	$1.1B
Account Payables	$43M
Short-Term Debt	$41M
Deferred Revenue	$45M
Other Current Liabilities	$49M
TOTAL CURRENT LIABILITIES	$520M
Long-Term Debt	$183M
Deferred Revenue NC	$35M
Deferred Tax Liabilities	-$35M
Other Non-Current Liabilities	$66M
TOTAL NON-CURRENT LIABILITIES	$284M
TOTAL LIABILITIES	$804M
Common Stock	$2M
Additional Paid-In Capital	$0
Retained Earnings	$173M
Treasury Stock	-$100.0K
Accum. Other Comp. Income	$138M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$312M
Minority Interest	$800.0K
TOTAL EQUITY	$313M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$224M
Net Debt	$58M