EVO FY 2021 Earnings Report — Evotec SE Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported April 26, 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	$723M	—	$586M	—	23.4%
Op. Income	$48M	—	$57M	—	-15.6%
Gross Margin	24.5%	—	25.1%	—	-0.6pp
Net Margin	34.9%	—	1.3%	—	33.6pp
EPS (Diluted)	$0.76	—	$0.02	—	3150.0%
Free Cash Flow	$4M	—	-$64M	—	106.1%

Revenue Flow

Item	Amount
REVENUE	$723M
Cost of Revenue	$545M
GROSS PROFIT	$177M
R&D Expenses	$77M
Selling & Marketing	$11M
General & Administrative	$112M
SG&A Expenses	$123M
Other Expenses	-$71M
Operating Expenses	$129M
Cost & Expenses	$675M
OPERATING INCOME	$48M
Interest Income	$3M
Interest Expense	$11M
Other Income/Expenses	$229M
INCOME BEFORE TAX	$277M
Income Tax Expense	$25M
Net Income from Continuing Ops	$252M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$252M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$252M
D&A	$82M
EBIT	$288M
EBITDA	$370M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$723M
Cost of Revenue	$545M
GROSS PROFIT	$177M
R&D Expenses	$77M
Selling & Marketing	$11M
General & Administrative	$112M
SG&A Expenses	$123M
Other Expenses	-$71M
Operating Expenses	$129M
Cost & Expenses	$675M
OPERATING INCOME	$48M
Interest Income	$3M
Interest Expense	$11M
Other Income/Expenses	$229M
INCOME BEFORE TAX	$277M
Income Tax Expense	$25M
Net Income from Continuing Ops	$252M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$252M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$252M
D&A	$82M
EBIT	$288M
EBITDA	$370M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$252M
Depreciation & Amortization	$79M
Stock-Based Compensation	$9M
Deferred Income Tax	$6M
Other Non-Cash Items	-$200M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$143M
Capital Expenditure	-$139M
Acquisitions (Net)	-$25M
Purchases of Investments	-$145M
Sales/Maturities of Investments	$32M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$285M
Net Debt Issuance	$17M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$24M
NET CASH FROM FINANCING	$466M
FREE CASH FLOW	$4M
Net Change in Cash	$324M

Balance Sheet

Item	Amount
Cash & Equivalents	$818M
Short-Term Investments	$186M
Net Receivables	$207M
Inventory	$30M
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$567M
Goodwill	$301M
Intangible Assets	$36M
Long-Term Investments	$336M
Tax Assets	$20M
Other Non-Current Assets	$66M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.6B
Account Payables	$85M
Short-Term Debt	$42M
Deferred Revenue	$148M
Other Current Liabilities	$75M
TOTAL CURRENT LIABILITIES	$379M
Long-Term Debt	$382M
Deferred Revenue NC	$40M
Deferred Tax Liabilities	$21M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$623M
TOTAL LIABILITIES	$1.0B
Common Stock	$206M
Additional Paid-In Capital	$1.7B
Retained Earnings	-$253M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$600M
Net Debt	-$218M