NEOG FY 2018 Earnings Report — Neogen Corporation Revenue & Financial Results | Market Cap Arena

Neogen CorporationNEOG

FY 2018 Earnings

Reported July 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$398M	—	$362M	—	10.0%
Op. Income	$70M	—	$65M	—	8.1%
Gross Margin	46.8%	—	47.6%	—	-0.7pp
Net Margin	15.9%	—	12.1%	—	3.8pp
EPS (Diluted)	$0.60	—	$0.43	—	39.5%
Free Cash Flow	$48M	—	$46M	—	5.4%

Revenue Flow

Item	Amount
REVENUE	$398M
Cost of Revenue	$212M
GROSS PROFIT	$186M
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$105M
Other Expenses	$0
Operating Expenses	$116M
Cost & Expenses	$328M
OPERATING INCOME	$70M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$73M
Income Tax Expense	$10M
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	$17M
EBIT	$73M
EBITDA	$91M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$398M
Cost of Revenue	$212M
GROSS PROFIT	$186M
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$105M
Other Expenses	$0
Operating Expenses	$116M
Cost & Expenses	$328M
OPERATING INCOME	$70M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$73M
Income Tax Expense	$10M
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	$17M
EBIT	$73M
EBITDA	$91M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$17M
Stock-Based Compensation	$5M
Deferred Income Tax	-$3M
Other Non-Cash Items	$0
Change in Working Capital	-$13M
OPERATING CASH FLOW	$69M
Capital Expenditure	-$21M
Acquisitions (Net)	-$468.0K
Purchases of Investments	-$361M
Sales/Maturities of Investments	$300M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$83M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$423.0K
NET CASH FROM FINANCING	$23M
FREE CASH FLOW	$48M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$83M
Short-Term Investments	$128M
Net Receivables	$79M
Inventory	$76M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$376M
PP&E (Net)	$73M
Goodwill	$100M
Intangible Assets	$70M
Long-Term Investments	$0
Tax Assets	$4M
Other Non-Current Assets	-$4M
TOTAL NON-CURRENT ASSETS	$242M
TOTAL ASSETS	$618M
Account Payables	$21M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$39M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$58M
Common Stock	$8M
Additional Paid-In Capital	$203M
Retained Earnings	$359M
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$560M
Minority Interest	$0
TOTAL EQUITY	$560M
TOTAL LIABILITIES & EQUITY	$618M
Total Debt	$0
Net Debt	-$83M