QGEN FY 2017 Earnings Report — Qiagen N.V. Revenue & Financial Results | Market Cap Arena

Qiagen N.V.QGEN

FY 2017 Earnings

Reported March 5, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	5.9%
Op. Income	$153M	—	$99M	—	55.2%
Gross Margin	65.1%	—	63.1%	—	2.0pp
Net Margin	2.8%	—	6.0%	—	-3.2pp
EPS (Diluted)	$0.17	—	$0.35	—	-51.4%
Free Cash Flow	$162M	—	$248M	—	-34.4%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$495M
GROSS PROFIT	$923M
R&D Expenses	$154M
Selling & Marketing	$376M
General & Administrative	$200M
SG&A Expenses	$576M
Other Expenses	$137M
Operating Expenses	$769M
Cost & Expenses	$1.3B
OPERATING INCOME	$153M
Interest Income	$11M
Interest Expense	$50M
Other Income/Expenses	-$39M
INCOME BEFORE TAX	$114M
Income Tax Expense	$74M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$216M
EBIT	$164M
EBITDA	$381M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$495M
GROSS PROFIT	$923M
R&D Expenses	$154M
Selling & Marketing	$376M
General & Administrative	$200M
SG&A Expenses	$576M
Other Expenses	$137M
Operating Expenses	$769M
Cost & Expenses	$1.3B
OPERATING INCOME	$153M
Interest Income	$11M
Interest Expense	$50M
Other Income/Expenses	-$39M
INCOME BEFORE TAX	$114M
Income Tax Expense	$74M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$216M
EBIT	$164M
EBITDA	$381M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$40M
Depreciation & Amortization	$216M
Stock-Based Compensation	$34M
Deferred Income Tax	$40M
Other Non-Cash Items	$23M
Change in Working Capital	-$67M
OPERATING CASH FLOW	$287M
Capital Expenditure	-$124M
Acquisitions (Net)	-$51M
Purchases of Investments	-$455M
Sales/Maturities of Investments	$189M
Other Investing Activities	-$23M
NET CASH FROM INVESTING	-$464M
Net Debt Issuance	$723M
Common Stock Repurchased	-$61M
Common Dividends Paid	$0
Other Financing Activities	-$31M
NET CASH FROM FINANCING	$387M
FREE CASH FLOW	$162M
Net Change in Cash	$219M

Balance Sheet

Item	Amount
Cash & Equivalents	$680M
Short-Term Investments	$359M
Net Receivables	$386M
Inventory	$156M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$494M
Goodwill	$2.0B
Intangible Assets	$499M
Long-Term Investments	$276M
Tax Assets	$39M
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$5.0B
Account Payables	$59M
Short-Term Debt	$10M
Deferred Revenue	$49M
Other Current Liabilities	$121M
TOTAL CURRENT LIABILITIES	$325M
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$77M
Other Non-Current Liabilities	$338M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$2.5B
Common Stock	$3M
Additional Paid-In Capital	$1.6B
Retained Earnings	$1.2B
Treasury Stock	-$119M
Accum. Other Comp. Income	-$221M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$1.8B
Net Debt	$1.1B