QDEL FY 2008 Earnings Report — QuidelOrtho Corporation Revenue & Financial Results | Market Cap Arena

QuidelOrtho CorporationQDEL

FY 2008 Earnings

Reported December 31, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$128M	—	$118M	—	8.5%
Op. Income	$29M	—	$19M	—	46.9%
Gross Margin	60.8%	—	58.9%	—	2.0pp
Net Margin	14.7%	—	11.5%	—	3.2pp
EPS (Diluted)	$0.58	—	$0.41	—	41.5%
Free Cash Flow	$24M	—	$24M	—	3.7%

Revenue Flow

Item	Amount
REVENUE	$128M
Cost of Revenue	$50M
GROSS PROFIT	$78M
R&D Expenses	$11M
Selling & Marketing	$21M
General & Administrative	$13M
SG&A Expenses	$34M
Other Expenses	$4M
Operating Expenses	$49M
Cost & Expenses	$100M
OPERATING INCOME	$29M
Interest Income	$2M
Interest Expense	$671.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$30M
Income Tax Expense	$11M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$30M
EBITDA	$39M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$128M
Cost of Revenue	$50M
GROSS PROFIT	$78M
R&D Expenses	$11M
Selling & Marketing	$21M
General & Administrative	$13M
SG&A Expenses	$34M
Other Expenses	$4M
Operating Expenses	$49M
Cost & Expenses	$100M
OPERATING INCOME	$29M
Interest Income	$2M
Interest Expense	$671.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$30M
Income Tax Expense	$11M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$30M
EBITDA	$39M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$4M
Stock-Based Compensation	$3M
Deferred Income Tax	$8M
Other Non-Cash Items	-$2M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$29M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$49.0K
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$20M
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$12M
FREE CASH FLOW	$24M
Net Change in Cash	$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$58M
Short-Term Investments	$0
Net Receivables	$25M
Inventory	$12M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$101M
PP&E (Net)	$19M
Goodwill	$6M
Intangible Assets	$3M
Long-Term Investments	$0
Tax Assets	$11M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$42M
TOTAL ASSETS	$143M
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$5M
TOTAL CURRENT LIABILITIES	$15M
Long-Term Debt	$0
Deferred Revenue NC	$948.0K
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$8M
TOTAL LIABILITIES	$24M
Common Stock	$32.0K
Additional Paid-In Capital	$138M
Retained Earnings	-$19M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$119M
Minority Interest	$0
TOTAL EQUITY	$119M
TOTAL LIABILITIES & EQUITY	$143M
Total Debt	$7M
Net Debt	-$51M