QGEN FY 2022 Earnings Report — Qiagen N.V. Revenue & Financial Results | Market Cap Arena

Qiagen N.V.QGEN

FY 2022 Earnings

Reported March 10, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.3B	—	-4.9%
Op. Income	$531M	—	$630M	—	-15.7%
Gross Margin	64.7%	—	64.4%	—	0.2pp
Net Margin	19.8%	—	22.8%	—	-3.0pp
EPS (Diluted)	$2.05	—	$2.47	—	-17.0%
Free Cash Flow	$566M	—	$432M	—	30.9%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$757M
GROSS PROFIT	$1.4B
R&D Expenses	$190M
Selling & Marketing	$474M
General & Administrative	$130M
SG&A Expenses	$604M
Other Expenses	$59M
Operating Expenses	$853M
Cost & Expenses	$1.6B
OPERATING INCOME	$531M
Interest Income	$33M
Interest Expense	$58M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$513M
Income Tax Expense	$89M
Net Income from Continuing Ops	$423M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$423M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$423M
D&A	$208M
EBIT	$571M
EBITDA	$779M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$757M
GROSS PROFIT	$1.4B
R&D Expenses	$190M
Selling & Marketing	$474M
General & Administrative	$130M
SG&A Expenses	$604M
Other Expenses	$59M
Operating Expenses	$853M
Cost & Expenses	$1.6B
OPERATING INCOME	$531M
Interest Income	$33M
Interest Expense	$58M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$513M
Income Tax Expense	$89M
Net Income from Continuing Ops	$423M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$423M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$423M
D&A	$208M
EBIT	$571M
EBITDA	$779M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$423M
Depreciation & Amortization	$208M
Stock-Based Compensation	$50M
Deferred Income Tax	-$10M
Other Non-Cash Items	$76M
Change in Working Capital	-$32M
OPERATING CASH FLOW	$715M
Capital Expenditure	-$149M
Acquisitions (Net)	-$64M
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$883M
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$727M
Net Debt Issuance	-$109M
Common Stock Repurchased	-$25M
Common Dividends Paid	$0
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$126M
FREE CASH FLOW	$566M
Net Change in Cash	-$150M

Balance Sheet

Item	Amount
Cash & Equivalents	$731M
Short-Term Investments	$688M
Net Receivables	$434M
Inventory	$358M
Other Current Assets	$133M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$662M
Goodwill	$2.4B
Intangible Assets	$545M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$334M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$6.3B
Account Payables	$99M
Short-Term Debt	$390M
Deferred Revenue	$69M
Other Current Liabilities	$192M
TOTAL CURRENT LIABILITIES	$975M
Long-Term Debt	$1.5B
Deferred Revenue NC	$15M
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$199M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.8B
Common Stock	$3M
Additional Paid-In Capital	$1.9B
Retained Earnings	$2.2B
Treasury Stock	-$160M
Accum. Other Comp. Income	-$404M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$0
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$2.0B
Net Debt	$1.3B