NEOG FY 2019 Earnings Report — Neogen Corporation Revenue & Financial Results | Market Cap Arena

Neogen CorporationNEOG

FY 2019 Earnings

Reported July 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$414M	—	$398M	—	4.1%
Op. Income	$68M	—	$70M	—	-3.0%
Gross Margin	46.3%	—	46.8%	—	-0.5pp
Net Margin	14.5%	—	15.9%	—	-1.3pp
EPS (Diluted)	$0.57	—	$0.60	—	-5.0%
Free Cash Flow	$49M	—	$48M	—	2.1%

Revenue Flow

Item	Amount
REVENUE	$414M
Cost of Revenue	$222M
GROSS PROFIT	$192M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$111M
Other Expenses	$0
Operating Expenses	$124M
Cost & Expenses	$346M
OPERATING INCOME	$68M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$73M
Income Tax Expense	$13M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$18M
EBIT	$73M
EBITDA	$91M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$414M
Cost of Revenue	$222M
GROSS PROFIT	$192M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$111M
Other Expenses	$0
Operating Expenses	$124M
Cost & Expenses	$346M
OPERATING INCOME	$68M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$73M
Income Tax Expense	$13M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$60M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$18M
EBIT	$73M
EBITDA	$91M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$60M
Depreciation & Amortization	$18M
Stock-Based Compensation	$6M
Deferred Income Tax	$1M
Other Non-Cash Items	$0
Change in Working Capital	-$21M
OPERATING CASH FLOW	$64M
Capital Expenditure	-$15M
Acquisitions (Net)	-$6M
Purchases of Investments	-$437M
Sales/Maturities of Investments	$339M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$119M
Net Debt Issuance	$0
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	$49M
Net Change in Cash	-$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$226M
Net Receivables	$83M
Inventory	$86M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$450M
PP&E (Net)	$75M
Goodwill	$104M
Intangible Assets	$68M
Long-Term Investments	$0
Tax Assets	$16M
Other Non-Current Assets	-$15M
TOTAL NON-CURRENT ASSETS	$246M
TOTAL ASSETS	$696M
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$38M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$58M
Common Stock	$8M
Additional Paid-In Capital	$222M
Retained Earnings	$419M
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$638M
Minority Interest	$0
TOTAL EQUITY	$638M
TOTAL LIABILITIES & EQUITY	$696M
Total Debt	$0
Net Debt	-$42M