QDEL FY 2019 Earnings Report — QuidelOrtho Corporation Revenue & Financial Results | Market Cap Arena

QuidelOrtho CorporationQDEL

FY 2019 Earnings

Reported December 31, 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	$535M	—	$522M	—	2.4%
Op. Income	$93M	—	$96M	—	-3.3%
Gross Margin	60.0%	—	60.4%	—	-0.5pp
Net Margin	13.6%	—	14.2%	—	-0.6pp
EPS (Diluted)	$1.73	—	$1.74	—	-0.6%
Free Cash Flow	$107M	—	$105M	—	2.5%

Revenue Flow

Item	Amount
REVENUE	$535M
Cost of Revenue	$214M
GROSS PROFIT	$321M
R&D Expenses	$53M
Selling & Marketing	$111M
General & Administrative	$53M
SG&A Expenses	$164M
Other Expenses	$12M
Operating Expenses	$228M
Cost & Expenses	$442M
OPERATING INCOME	$93M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$77M
Income Tax Expense	$4M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$75M
D&A	$48M
EBIT	$92M
EBITDA	$140M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$535M
Cost of Revenue	$214M
GROSS PROFIT	$321M
R&D Expenses	$53M
Selling & Marketing	$111M
General & Administrative	$53M
SG&A Expenses	$164M
Other Expenses	$12M
Operating Expenses	$228M
Cost & Expenses	$442M
OPERATING INCOME	$93M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$77M
Income Tax Expense	$4M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$75M
D&A	$48M
EBIT	$92M
EBITDA	$140M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$48M
Stock-Based Compensation	$13M
Deferred Income Tax	-$2M
Other Non-Cash Items	$17M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$134M
Capital Expenditure	-$27M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	-$54M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$60M
NET CASH FROM FINANCING	-$98M
FREE CASH FLOW	$107M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$53M
Short-Term Investments	$0
Net Receivables	$102M
Inventory	$58M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$222M
PP&E (Net)	$172M
Goodwill	$337M
Intangible Assets	$148M
Long-Term Investments	$0
Tax Assets	$25M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$689M
TOTAL ASSETS	$911M
Account Payables	$27M
Short-Term Debt	$13M
Deferred Revenue	$336.0K
Other Current Liabilities	$62M
TOTAL CURRENT LIABILITIES	$126M
Long-Term Debt	$0
Deferred Revenue NC	-$30M
Deferred Tax Liabilities	$30M
Other Non-Current Liabilities	$132M
TOTAL NON-CURRENT LIABILITIES	$225M
TOTAL LIABILITIES	$351M
Common Stock	$42.0K
Additional Paid-In Capital	$426M
Retained Earnings	$135M
Treasury Stock	$0
Accum. Other Comp. Income	-$463.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$560M
Minority Interest	$0
TOTAL EQUITY	$560M
TOTAL LIABILITIES & EQUITY	$911M
Total Debt	$112M
Net Debt	$60M