CNMD FY 2012 Earnings Report — CONMED Corporation Revenue & Financial Results | Market Cap Arena

CONMED CorporationCNMD

FY 2012 Earnings

Reported February 25, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$767M	—	$725M	—	5.8%
Op. Income	$65M	—	$8M	—	688.1%
Gross Margin	52.9%	—	51.7%	—	1.2pp
Net Margin	5.3%	—	0.1%	—	5.2pp
EPS (Diluted)	$1.41	—	$0.03	—	5261.2%
Free Cash Flow	$74M	—	$81M	—	-9.3%

Revenue Flow

Item	Amount
REVENUE	$767M
Cost of Revenue	$361M
GROSS PROFIT	$406M
R&D Expenses	$28M
Selling & Marketing	$0
General & Administrative	$302M
SG&A Expenses	$302M
Other Expenses	$7M
Operating Expenses	$341M
Cost & Expenses	$702M
OPERATING INCOME	$65M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$59M
Income Tax Expense	$19M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$47M
EBIT	$65M
EBITDA	$112M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$767M
Cost of Revenue	$361M
GROSS PROFIT	$406M
R&D Expenses	$28M
Selling & Marketing	$0
General & Administrative	$302M
SG&A Expenses	$302M
Other Expenses	$7M
Operating Expenses	$341M
Cost & Expenses	$702M
OPERATING INCOME	$65M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$59M
Income Tax Expense	$19M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$47M
EBIT	$65M
EBITDA	$112M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$40M
Depreciation & Amortization	$47M
Stock-Based Compensation	$6M
Deferred Income Tax	$13M
Other Non-Cash Items	$8M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$95M
Capital Expenditure	-$22M
Acquisitions (Net)	-$86M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	$18M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$13M
Other Financing Activities	$10M
NET CASH FROM FINANCING	$11M
FREE CASH FLOW	$74M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$0
Net Receivables	$139M
Inventory	$156M
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$346M
PP&E (Net)	$139M
Goodwill	$257M
Intangible Assets	$191M
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$151M
TOTAL NON-CURRENT ASSETS	$738M
TOTAL ASSETS	$1.1B
Account Payables	$24M
Short-Term Debt	$1M
Deferred Revenue	-$24M
Other Current Liabilities	$64M
TOTAL CURRENT LIABILITIES	$123M
Long-Term Debt	$161M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$108M
Other Non-Current Liabilities	$87M
TOTAL NON-CURRENT LIABILITIES	$355M
TOTAL LIABILITIES	$477M
Common Stock	$257M
Additional Paid-In Capital	$324M
Retained Earnings	$378M
Treasury Stock	-$68M
Accum. Other Comp. Income	-$28M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$607M
Minority Interest	$0
TOTAL EQUITY	$607M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$162M
Net Debt	$138M