QDEL FY 2020 Earnings Report — QuidelOrtho Corporation Revenue & Financial Results | Market Cap Arena

QuidelOrtho CorporationQDEL

FY 2020 Earnings

Reported December 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.7B	—	$535M	—	210.7%
Op. Income	$1.1B	—	$93M	—	1043.6%
Gross Margin	81.2%	—	60.0%	—	21.2pp
Net Margin	48.8%	—	13.6%	—	35.1pp
EPS (Diluted)	$18.60	—	$1.73	—	975.1%
Free Cash Flow	$565M	—	$107M	—	426.6%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$313M
GROSS PROFIT	$1.3B
R&D Expenses	$84M
Selling & Marketing	$134M
General & Administrative	$67M
SG&A Expenses	$201M
Other Expenses	$4M
Operating Expenses	$289M
Cost & Expenses	$601M
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$230M
Net Income from Continuing Ops	$810M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$810M
Net Income Deductions	-$445.0K
BOTTOM LINE NET INCOME	$811M
D&A	$49M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$19
EPS Diluted	$19

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$313M
GROSS PROFIT	$1.3B
R&D Expenses	$84M
Selling & Marketing	$134M
General & Administrative	$67M
SG&A Expenses	$201M
Other Expenses	$4M
Operating Expenses	$289M
Cost & Expenses	$601M
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$230M
Net Income from Continuing Ops	$810M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$810M
Net Income Deductions	-$445.0K
BOTTOM LINE NET INCOME	$811M
D&A	$49M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$19
EPS Diluted	$19

Cash Flow Statement

Item	Amount
Net Income	$810M
Depreciation & Amortization	$49M
Stock-Based Compensation	$21M
Deferred Income Tax	-$20M
Other Non-Cash Items	$21M
Change in Working Capital	-$251M
OPERATING CASH FLOW	$630M
Capital Expenditure	-$65M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$63M
Net Debt Issuance	-$44M
Common Stock Repurchased	-$44M
Common Dividends Paid	$0
Other Financing Activities	-$48M
NET CASH FROM FINANCING	-$130M
FREE CASH FLOW	$565M
Net Change in Cash	$437M

Balance Sheet

Item	Amount
Cash & Equivalents	$490M
Short-Term Investments	$0
Net Receivables	$529M
Inventory	$114M
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$211M
Goodwill	$337M
Intangible Assets	$122M
Long-Term Investments	$0
Tax Assets	$45M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$729M
TOTAL ASSETS	$1.9B
Account Payables	$86M
Short-Term Debt	$0
Deferred Revenue	$4M
Other Current Liabilities	$74M
TOTAL CURRENT LIABILITIES	$337M
Long-Term Debt	$0
Deferred Revenue NC	-$38M
Deferred Tax Liabilities	$38M
Other Non-Current Liabilities	$101M
TOTAL NON-CURRENT LIABILITIES	$202M
TOTAL LIABILITIES	$538M
Common Stock	$42.0K
Additional Paid-In Capital	$388M
Retained Earnings	$945M
Treasury Stock	$0
Accum. Other Comp. Income	-$431.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$109M
Net Debt	-$381M