CNMD FY 2021 Earnings Report — CONMED Corporation Revenue & Financial Results | Market Cap Arena

CONMED CorporationCNMD

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.0B	—	$862M	—	17.2%
Op. Income	$110M	—	$46M	—	138.5%
Gross Margin	56.2%	—	53.4%	—	2.8pp
Net Margin	6.2%	—	1.1%	—	5.1pp
EPS (Diluted)	$1.94	—	$0.32	—	506.2%
Free Cash Flow	$97M	—	$52M	—	88.1%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$443M
GROSS PROFIT	$568M
R&D Expenses	$44M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$415M
Other Expenses	$0
Operating Expenses	$458M
Cost & Expenses	$901M
OPERATING INCOME	$110M
Interest Income	$0
Interest Expense	$35M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$73M
Income Tax Expense	$11M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$71M
EBIT	$109M
EBITDA	$179M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$443M
GROSS PROFIT	$568M
R&D Expenses	$44M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$415M
Other Expenses	$0
Operating Expenses	$458M
Cost & Expenses	$901M
OPERATING INCOME	$110M
Interest Income	$0
Interest Expense	$35M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$73M
Income Tax Expense	$11M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$71M
EBIT	$109M
EBITDA	$179M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$71M
Stock-Based Compensation	$16M
Deferred Income Tax	$3M
Other Non-Cash Items	$15M
Change in Working Capital	-$56M
OPERATING CASH FLOW	$112M
Capital Expenditure	-$15M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$15M
Net Debt Issuance	-$81M
Common Stock Repurchased	$0
Common Dividends Paid	-$23M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$102M
FREE CASH FLOW	$97M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$0
Net Receivables	$184M
Inventory	$232M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$460M
PP&E (Net)	$109M
Goodwill	$618M
Intangible Assets	$471M
Long-Term Investments	$0
Tax Assets	$10M
Other Non-Current Assets	$99M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.8B
Account Payables	$58M
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$126M
TOTAL CURRENT LIABILITIES	$197M
Long-Term Debt	$672M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$69M
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$784M
TOTAL LIABILITIES	$981M
Common Stock	$313.0K
Additional Paid-In Capital	$397M
Retained Earnings	$497M
Treasury Stock	-$54M
Accum. Other Comp. Income	-$54M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$785M
Minority Interest	$0
TOTAL EQUITY	$785M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$685M
Net Debt	$664M