OSIS FY 2013 Earnings Report — OSI Systems, Inc. Revenue & Financial Results | Market Cap Arena

OSI Systems, Inc.OSIS

FY 2013 Earnings

Reported August 16, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$802M	—	$793M	—	1.1%
Op. Income	$74M	—	$66M	—	12.9%
Gross Margin	36.2%	—	33.9%	—	2.3pp
Net Margin	5.5%	—	5.7%	—	-0.2pp
EPS (Diluted)	$2.15	—	$2.24	—	-4.0%
Free Cash Flow	-$103M	—	$47M	—	-317.7%

Revenue Flow

Item	Amount
REVENUE	$802M
Cost of Revenue	$512M
GROSS PROFIT	$290M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$160M
SG&A Expenses	$160M
Other Expenses	$0
Operating Expenses	$208M
Cost & Expenses	$720M
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$69M
Income Tax Expense	$25M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$28M
EBIT	$74M
EBITDA	$102M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$802M
Cost of Revenue	$512M
GROSS PROFIT	$290M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$160M
SG&A Expenses	$160M
Other Expenses	$0
Operating Expenses	$208M
Cost & Expenses	$720M
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$69M
Income Tax Expense	$25M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$28M
EBIT	$74M
EBITDA	$102M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$28M
Stock-Based Compensation	$16M
Deferred Income Tax	$4M
Other Non-Cash Items	$7M
Change in Working Capital	-$40M
OPERATING CASH FLOW	$59M
Capital Expenditure	-$162M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$168M
Net Debt Issuance	$69M
Common Stock Repurchased	-$12M
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	$51M
FREE CASH FLOW	-$103M
Net Change in Cash	-$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$0
Net Receivables	$207M
Inventory	$206M
Other Current Assets	$42M
TOTAL CURRENT ASSETS	$527M
PP&E (Net)	$249M
Goodwill	$84M
Intangible Assets	$37M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$393M
TOTAL ASSETS	$920M
Account Payables	$97M
Short-Term Debt	$61M
Deferred Revenue	$56M
Other Current Liabilities	$77M
TOTAL CURRENT LIABILITIES	$281M
Long-Term Debt	$11M
Deferred Revenue NC	$75M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$149M
TOTAL NON-CURRENT LIABILITIES	$160M
TOTAL LIABILITIES	$441M
Common Stock	$285M
Additional Paid-In Capital	$0
Retained Earnings	$200M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$478M
Minority Interest	$0
TOTAL EQUITY	$478M
TOTAL LIABILITIES & EQUITY	$920M
Total Debt	$71M
Net Debt	$37M