QGEN FY 2009 Earnings Report — Qiagen N.V. Revenue & Financial Results | Market Cap Arena

Qiagen N.V.QGEN

FY 2009 Earnings

Reported March 16, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.0B	—	$893M	—	13.1%
Op. Income	$180M	—	$146M	—	23.7%
Gross Margin	66.1%	—	67.2%	—	-1.1pp
Net Margin	13.6%	—	10.0%	—	3.7pp
EPS (Diluted)	$0.66	—	$0.46	—	43.5%
Free Cash Flow	$148M	—	$115M	—	28.3%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$343M
GROSS PROFIT	$667M
R&D Expenses	$108M
Selling & Marketing	$245M
General & Administrative	$116M
SG&A Expenses	$361M
Other Expenses	$18M
Operating Expenses	$487M
Cost & Expenses	$830M
OPERATING INCOME	$180M
Interest Income	$4M
Interest Expense	$30M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$172M
Income Tax Expense	$35M
Net Income from Continuing Ops	$138M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$138M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$138M
D&A	$120M
EBIT	$202M
EBITDA	$322M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$343M
GROSS PROFIT	$667M
R&D Expenses	$108M
Selling & Marketing	$245M
General & Administrative	$116M
SG&A Expenses	$361M
Other Expenses	$18M
Operating Expenses	$487M
Cost & Expenses	$830M
OPERATING INCOME	$180M
Interest Income	$4M
Interest Expense	$30M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$172M
Income Tax Expense	$35M
Net Income from Continuing Ops	$138M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$138M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$138M
D&A	$120M
EBIT	$202M
EBITDA	$322M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$138M
Depreciation & Amortization	$120M
Stock-Based Compensation	$10M
Deferred Income Tax	-$11M
Other Non-Cash Items	-$6M
Change in Working Capital	-$35M
OPERATING CASH FLOW	$217M
Capital Expenditure	-$69M
Acquisitions (Net)	-$235M
Purchases of Investments	-$40M
Sales/Maturities of Investments	$1M
Other Investing Activities	$869.0K
NET CASH FROM INVESTING	-$342M
Net Debt Issuance	-$28M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	$629M
FREE CASH FLOW	$148M
Net Change in Cash	$492M

Balance Sheet

Item	Amount
Cash & Equivalents	$826M
Short-Term Investments	$40M
Net Receivables	$237M
Inventory	$131M
Other Current Assets	$71M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$317M
Goodwill	$1.3B
Intangible Assets	$752M
Long-Term Investments	$15M
Tax Assets	$26M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.8B
Account Payables	$44M
Short-Term Debt	$53M
Deferred Revenue	$16M
Other Current Liabilities	$183M
TOTAL CURRENT LIABILITIES	$376M
Long-Term Debt	$870M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$213M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.5B
Common Stock	$3M
Additional Paid-In Capital	$1.6B
Retained Earnings	$616M
Treasury Stock	$0
Accum. Other Comp. Income	$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$951M
Net Debt	$125M