NEOG FY 2021 Earnings Report — Neogen Corporation Revenue & Financial Results | Market Cap Arena

Neogen CorporationNEOG

FY 2021 Earnings

Reported July 30, 2021

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	$468M	—	$418M	—	12.0%
Op. Income	$74M	—	$68M	—	9.8%
Gross Margin	45.9%	—	46.9%	—	-1.0pp
Net Margin	13.0%	—	14.2%	—	-1.2pp
EPS (Diluted)	$0.57	—	$0.56	—	1.8%
Free Cash Flow	$54M	—	$62M	—	-12.0%

Revenue Flow

Item	Amount
REVENUE	$468M
Cost of Revenue	$253M
GROSS PROFIT	$215M
R&D Expenses	$16M
Selling & Marketing	$73M
General & Administrative	$51M
SG&A Expenses	$125M
Other Expenses	$0
Operating Expenses	$141M
Cost & Expenses	$394M
OPERATING INCOME	$74M
Interest Income	$2M
Interest Expense	$78.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$75M
Income Tax Expense	$14M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$21M
EBIT	$75M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$468M
Cost of Revenue	$253M
GROSS PROFIT	$215M
R&D Expenses	$16M
Selling & Marketing	$73M
General & Administrative	$51M
SG&A Expenses	$125M
Other Expenses	$0
Operating Expenses	$141M
Cost & Expenses	$394M
OPERATING INCOME	$74M
Interest Income	$2M
Interest Expense	$78.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$75M
Income Tax Expense	$14M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$21M
EBIT	$75M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$21M
Stock-Based Compensation	$6M
Deferred Income Tax	-$640.0K
Other Non-Cash Items	$0
Change in Working Capital	-$7M
OPERATING CASH FLOW	$81M
Capital Expenditure	-$27M
Acquisitions (Net)	-$51M
Purchases of Investments	-$793M
Sales/Maturities of Investments	$765M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$34M
FREE CASH FLOW	$54M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$305M
Net Receivables	$92M
Inventory	$101M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$591M
PP&E (Net)	$100M
Goodwill	$131M
Intangible Assets	$92M
Long-Term Investments	$0
Tax Assets	$4M
Other Non-Current Assets	$620.0K
TOTAL NON-CURRENT ASSETS	$329M
TOTAL ASSETS	$920M
Account Payables	$24M
Short-Term Debt	$1M
Deferred Revenue	$3M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$54M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$26M
TOTAL LIABILITIES	$80M
Common Stock	$17M
Additional Paid-In Capital	$295M
Retained Earnings	$540M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$840M
Minority Interest	$0
TOTAL EQUITY	$840M
TOTAL LIABILITIES & EQUITY	$920M
Total Debt	$1M
Net Debt	-$74M