BRKR FY 2009 Earnings Report — Bruker Corporation Revenue & Financial Results | Market Cap Arena

Bruker CorporationBRKR

FY 2009 Earnings

Reported March 12, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	0.7%
Op. Income	$137M	—	$108M	—	26.3%
Gross Margin	46.5%	—	45.6%	—	0.9pp
Net Margin	7.3%	—	5.9%	—	1.4pp
EPS (Diluted)	$0.49	—	$0.39	—	25.6%
Free Cash Flow	$134M	—	$60M	—	124.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$596M
GROSS PROFIT	$519M
R&D Expenses	$126M
Selling & Marketing	$186M
General & Administrative	$70M
SG&A Expenses	$255M
Other Expenses	$200.0K
Operating Expenses	$255M
Cost & Expenses	$851M
OPERATING INCOME	$137M
Interest Income	$1M
Interest Expense	$8M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$129M
Income Tax Expense	$48M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$81M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$81M
D&A	$30M
EBIT	$137M
EBITDA	$166M
EPS	$1
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$596M
GROSS PROFIT	$519M
R&D Expenses	$126M
Selling & Marketing	$186M
General & Administrative	$70M
SG&A Expenses	$255M
Other Expenses	$200.0K
Operating Expenses	$255M
Cost & Expenses	$851M
OPERATING INCOME	$137M
Interest Income	$1M
Interest Expense	$8M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$129M
Income Tax Expense	$48M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$81M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$81M
D&A	$30M
EBIT	$137M
EBITDA	$166M
EPS	$1
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$81M
Depreciation & Amortization	$30M
Stock-Based Compensation	$6M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$800.0K
Change in Working Capital	$37M
OPERATING CASH FLOW	$150M
Capital Expenditure	-$16M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	-$85M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$900.0K
NET CASH FROM FINANCING	-$84M
FREE CASH FLOW	$134M
Net Change in Cash	$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$207M
Short-Term Investments	$0
Net Receivables	$184M
Inventory	$423M
Other Current Assets	$60M
TOTAL CURRENT ASSETS	$874M
PP&E (Net)	$223M
Goodwill	$48M
Intangible Assets	$5M
Long-Term Investments	-$23M
Tax Assets	$13M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$299M
TOTAL ASSETS	$1.2B
Account Payables	$50M
Short-Term Debt	$22M
Deferred Revenue	$219M
Other Current Liabilities	$249M
TOTAL CURRENT LIABILITIES	$539M
Long-Term Debt	$116M
Deferred Revenue NC	$34M
Deferred Tax Liabilities	$25M
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$214M
TOTAL LIABILITIES	$753M
Common Stock	$2M
Additional Paid-In Capital	$8M
Retained Earnings	$254M
Treasury Stock	-$100.0K
Accum. Other Comp. Income	$154M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$419M
Minority Interest	$2M
TOTAL EQUITY	$420M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$138M
Net Debt	-$69M