QDEL FY 2018 Earnings Report — QuidelOrtho Corporation Revenue & Financial Results | Market Cap Arena

QuidelOrtho CorporationQDEL

FY 2018 Earnings

Reported December 31, 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	$522M	—	$278M	—	88.0%
Op. Income	$96M	—	$10M	—	904.3%
Gross Margin	60.4%	—	56.2%	—	4.2pp
Net Margin	14.2%	—	-2.9%	—	17.1pp
EPS (Diluted)	$1.74	—	$-0.24	—	825.0%
Free Cash Flow	$105M	—	$10M	—	926.1%

Revenue Flow

Item	Amount
REVENUE	$522M
Cost of Revenue	$207M
GROSS PROFIT	$316M
R&D Expenses	$52M
Selling & Marketing	$109M
General & Administrative	$45M
SG&A Expenses	$154M
Other Expenses	$0
Operating Expenses	$206M
Cost & Expenses	$412M
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$63M
Income Tax Expense	-$11M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$46M
EBIT	$88M
EBITDA	$134M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$522M
Cost of Revenue	$207M
GROSS PROFIT	$316M
R&D Expenses	$52M
Selling & Marketing	$109M
General & Administrative	$45M
SG&A Expenses	$154M
Other Expenses	$0
Operating Expenses	$206M
Cost & Expenses	$412M
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$63M
Income Tax Expense	-$11M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$46M
EBIT	$88M
EBITDA	$134M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$46M
Stock-Based Compensation	$12M
Deferred Income Tax	-$20M
Other Non-Cash Items	$27M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$136M
Capital Expenditure	-$32M
Acquisitions (Net)	$147M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$147M
NET CASH FROM INVESTING	$115M
Net Debt Issuance	-$202M
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	-$55M
NET CASH FROM FINANCING	-$244M
FREE CASH FLOW	$105M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$44M
Short-Term Investments	$0
Net Receivables	$77M
Inventory	$67M
Other Current Assets	$928.0K
TOTAL CURRENT ASSETS	$193M
PP&E (Net)	$74M
Goodwill	$337M
Intangible Assets	$175M
Long-Term Investments	$0
Tax Assets	$22M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$613M
TOTAL ASSETS	$806M
Account Payables	$25M
Short-Term Debt	$54M
Deferred Revenue	$64M
Other Current Liabilities	$59M
TOTAL CURRENT LIABILITIES	$160M
Long-Term Debt	$53M
Deferred Revenue NC	-$10M
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$168M
TOTAL NON-CURRENT LIABILITIES	$221M
TOTAL LIABILITIES	$381M
Common Stock	$39.0K
Additional Paid-In Capital	$364M
Retained Earnings	$62M
Treasury Stock	$0
Accum. Other Comp. Income	-$139.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$426M
Minority Interest	$0
TOTAL EQUITY	$426M
TOTAL LIABILITIES & EQUITY	$806M
Total Debt	$108M
Net Debt	$64M