BRKR Q4 2018 Earnings Report — Bruker Corporation Revenue & Financial Results | Market Cap Arena

Bruker CorporationBRKR

Q4 2018 Earnings

Reported March 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$554M	—	—	—	—
Op. Income	$106M	—	—	—	—
Gross Margin	49.3%	—	—	—	—
Net Margin	14.1%	—	—	—	—
EPS (Diluted)	$0.50	—	—	—	—
Free Cash Flow	$112M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$554M
Cost of Revenue	$281M
GROSS PROFIT	$273M
R&D Expenses	$45M
Selling & Marketing	$0
General & Administrative	$117M
SG&A Expenses	$117M
Other Expenses	$0
Operating Expenses	$162M
Cost & Expenses	$443M
OPERATING INCOME	$106M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$100M
Income Tax Expense	$22M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$17M
EBIT	$105M
EBITDA	$125M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$554M
Cost of Revenue	$281M
GROSS PROFIT	$273M
R&D Expenses	$45M
Selling & Marketing	$0
General & Administrative	$117M
SG&A Expenses	$117M
Other Expenses	$0
Operating Expenses	$162M
Cost & Expenses	$443M
OPERATING INCOME	$106M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$100M
Income Tax Expense	$22M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$17M
EBIT	$105M
EBITDA	$125M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$78M
Depreciation & Amortization	$17M
Stock-Based Compensation	$3M
Deferred Income Tax	-$7M
Other Non-Cash Items	$11M
Change in Working Capital	$30M
OPERATING CASH FLOW	$132M
Capital Expenditure	-$20M
Acquisitions (Net)	-$136M
Purchases of Investments	-$119M
Sales/Maturities of Investments	$70M
Other Investing Activities	$49M
NET CASH FROM INVESTING	-$156M
Net Debt Issuance	$82M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	$0
NET CASH FROM FINANCING	$77M
FREE CASH FLOW	$112M
Net Change in Cash	$52M

Balance Sheet

Item	Amount
Cash & Equivalents	$322M
Short-Term Investments	$0
Net Receivables	$357M
Inventory	$510M
Other Current Assets	$115M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$271M
Goodwill	$276M
Intangible Assets	$219M
Long-Term Investments	-$59M
Tax Assets	$51M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$824M
TOTAL ASSETS	$2.1B
Account Payables	$105M
Short-Term Debt	$19M
Deferred Revenue	$124M
Other Current Liabilities	$289M
TOTAL CURRENT LIABILITIES	$598M
Long-Term Debt	$323M
Deferred Revenue NC	$38M
Deferred Tax Liabilities	$51M
Other Non-Current Liabilities	$183M
TOTAL NON-CURRENT LIABILITIES	$626M
TOTAL LIABILITIES	$1.2B
Common Stock	$2M
Additional Paid-In Capital	$177M
Retained Earnings	$1.1B
Treasury Stock	-$402M
Accum. Other Comp. Income	$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$905M
Minority Interest	$9M
TOTAL EQUITY	$914M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$341M
Net Debt	$19M