STE FY 2007 Earnings Report — STERIS plc Revenue & Financial Results | Market Cap Arena

FY 2007 Earnings

Reported March 31, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.2B	—	3.2%
Op. Income	$138M	—	$110M	—	25.5%
Gross Margin	42.2%	—	41.7%	—	0.4pp
Net Margin	6.9%	—	6.1%	—	0.8pp
EPS (Diluted)	$1.25	—	$1.02	—	22.5%
Free Cash Flow	$47M	—	$111M	—	-57.8%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$693M
GROSS PROFIT	$505M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$327M
Other Expenses	$7M
Operating Expenses	$367M
Cost & Expenses	$1.1B
OPERATING INCOME	$138M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$133M
Income Tax Expense	$52M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$60M
EBIT	$144M
EBITDA	$205M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$693M
GROSS PROFIT	$505M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$327M
Other Expenses	$7M
Operating Expenses	$367M
Cost & Expenses	$1.1B
OPERATING INCOME	$138M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$133M
Income Tax Expense	$52M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$60M
EBIT	$144M
EBITDA	$205M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$82M
Depreciation & Amortization	$60M
Stock-Based Compensation	$0
Deferred Income Tax	-$10M
Other Non-Cash Items	$12M
Change in Working Capital	-$49M
OPERATING CASH FLOW	$96M
Capital Expenditure	-$49M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	-$15M
Common Stock Repurchased	-$60M
Common Dividends Paid	-$12M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$76M
FREE CASH FLOW	$47M
Net Change in Cash	-$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$52M
Short-Term Investments	$0
Net Receivables	$251M
Inventory	$132M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$485M
PP&E (Net)	$389M
Goodwill	$333M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$724M
TOTAL ASSETS	$1.2B
Account Payables	$76M
Short-Term Debt	$777.0K
Deferred Revenue	$23M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$217M
Long-Term Debt	$101M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$99M
TOTAL NON-CURRENT LIABILITIES	$217M
TOTAL LIABILITIES	$435M
Common Stock	$0
Additional Paid-In Capital	$102M
Retained Earnings	$667M
Treasury Stock	$0
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$774M
Minority Interest	$0
TOTAL EQUITY	$774M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$102M
Net Debt	$49M