NEOG FY 2015 Earnings Report — Neogen Corporation Revenue & Financial Results | Market Cap Arena

Neogen CorporationNEOG

FY 2015 Earnings

Reported July 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$283M	—	$247M	—	14.4%
Op. Income	$53M	—	$43M	—	22.4%
Gross Margin	49.3%	—	49.6%	—	-0.2pp
Net Margin	11.8%	—	11.4%	—	0.5pp
EPS (Diluted)	$0.34	—	$0.28	—	21.4%
Free Cash Flow	$34M	—	$10M	—	237.5%

Revenue Flow

Item	Amount
REVENUE	$283M
Cost of Revenue	$143M
GROSS PROFIT	$140M
R&D Expenses	$10M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$77M
Other Expenses	$0
Operating Expenses	$87M
Cost & Expenses	$230M
OPERATING INCOME	$53M
Interest Income	$228.0K
Interest Expense	$0
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$52M
Income Tax Expense	$19M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$11M
EBIT	$52M
EBITDA	$63M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$283M
Cost of Revenue	$143M
GROSS PROFIT	$140M
R&D Expenses	$10M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$77M
Other Expenses	$0
Operating Expenses	$87M
Cost & Expenses	$230M
OPERATING INCOME	$53M
Interest Income	$228.0K
Interest Expense	$0
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$52M
Income Tax Expense	$19M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$11M
EBIT	$52M
EBITDA	$63M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$11M
Stock-Based Compensation	$4M
Deferred Income Tax	$496.0K
Other Non-Cash Items	-$2M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$44M
Capital Expenditure	-$10M
Acquisitions (Net)	-$7M
Purchases of Investments	-$106M
Sales/Maturities of Investments	$94M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$11M
FREE CASH FLOW	$34M
Net Change in Cash	$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$66M
Short-Term Investments	$48M
Net Receivables	$59M
Inventory	$52M
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$231M
PP&E (Net)	$44M
Goodwill	$70M
Intangible Assets	$46M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$161M
TOTAL ASSETS	$392M
Account Payables	$14M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$25M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$16M
TOTAL LIABILITIES	$41M
Common Stock	$6M
Additional Paid-In Capital	$132M
Retained Earnings	$216M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$351M
Minority Interest	-$11.0K
TOTAL EQUITY	$351M
TOTAL LIABILITIES & EQUITY	$392M
Total Debt	$0
Net Debt	-$66M