QGEN FY 2023 Earnings Report — Qiagen N.V. Revenue & Financial Results | Market Cap Arena

Qiagen N.V.QGEN

FY 2023 Earnings

Reported March 8, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.1B	—	-8.2%
Op. Income	$410M	—	$531M	—	-22.9%
Gross Margin	62.8%	—	64.7%	—	-1.9pp
Net Margin	17.4%	—	19.8%	—	-2.4pp
EPS (Diluted)	$1.65	—	$2.05	—	-19.5%
Free Cash Flow	$297M	—	$566M	—	-47.6%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$732M
GROSS PROFIT	$1.2B
R&D Expenses	$199M
Selling & Marketing	$460M
General & Administrative	$119M
SG&A Expenses	$579M
Other Expenses	$46M
Operating Expenses	$824M
Cost & Expenses	$1.6B
OPERATING INCOME	$410M
Interest Income	$79M
Interest Expense	$53M
Other Income/Expenses	$20M
INCOME BEFORE TAX	$430M
Income Tax Expense	$89M
Net Income from Continuing Ops	$341M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$341M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$341M
D&A	$205M
EBIT	$483M
EBITDA	$689M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$732M
GROSS PROFIT	$1.2B
R&D Expenses	$199M
Selling & Marketing	$460M
General & Administrative	$119M
SG&A Expenses	$579M
Other Expenses	$46M
Operating Expenses	$824M
Cost & Expenses	$1.6B
OPERATING INCOME	$410M
Interest Income	$79M
Interest Expense	$53M
Other Income/Expenses	$20M
INCOME BEFORE TAX	$430M
Income Tax Expense	$89M
Net Income from Continuing Ops	$341M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$341M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$341M
D&A	$205M
EBIT	$483M
EBITDA	$689M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$341M
Depreciation & Amortization	$205M
Stock-Based Compensation	$47M
Deferred Income Tax	$11M
Other Non-Cash Items	$42M
Change in Working Capital	-$187M
OPERATING CASH FLOW	$459M
Capital Expenditure	-$163M
Acquisitions (Net)	-$150M
Purchases of Investments	-$979M
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$67M
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	-$437M
Common Stock Repurchased	-$18M
Common Dividends Paid	$0
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$434M
FREE CASH FLOW	$297M
Net Change in Cash	-$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$668M
Short-Term Investments	$390M
Net Receivables	$516M
Inventory	$398M
Other Current Assets	$131M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$765M
Goodwill	$2.5B
Intangible Assets	$527M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$200M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$6.1B
Account Payables	$84M
Short-Term Debt	$588M
Deferred Revenue	$66M
Other Current Liabilities	$118M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.0B
Deferred Revenue NC	$16M
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$120M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.3B
Common Stock	$3M
Additional Paid-In Capital	$1.9B
Retained Earnings	$2.5B
Treasury Stock	-$133M
Accum. Other Comp. Income	-$434M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$0
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$1.7B
Net Debt	$1.0B