STE FY 2009 Earnings Report — STERIS plc Revenue & Financial Results | Market Cap Arena

FY 2009 Earnings

Reported March 31, 2009

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	$1.3B	—	$1.3B	—	2.6%
Op. Income	$175M	—	$124M	—	42.0%
Gross Margin	40.6%	—	41.4%	—	-0.9pp
Net Margin	8.5%	—	6.1%	—	2.4pp
EPS (Diluted)	$1.86	—	$1.20	—	55.0%
Free Cash Flow	$126M	—	$86M	—	46.4%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$772M
GROSS PROFIT	$527M
R&D Expenses	$33M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$315M
Other Expenses	$4M
Operating Expenses	$351M
Cost & Expenses	$1.1B
OPERATING INCOME	$175M
Interest Income	$2M
Interest Expense	$11M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$166M
Income Tax Expense	$56M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$59M
EBIT	$177M
EBITDA	$236M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$772M
GROSS PROFIT	$527M
R&D Expenses	$33M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$315M
Other Expenses	$4M
Operating Expenses	$351M
Cost & Expenses	$1.1B
OPERATING INCOME	$175M
Interest Income	$2M
Interest Expense	$11M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$166M
Income Tax Expense	$56M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$59M
EBIT	$177M
EBITDA	$236M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$59M
Stock-Based Compensation	$7M
Deferred Income Tax	$7M
Other Non-Cash Items	-$15M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$167M
Capital Expenditure	-$41M
Acquisitions (Net)	$0
Purchases of Investments	-$4M
Sales/Maturities of Investments	$0
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	$30M
Common Stock Repurchased	-$80M
Common Dividends Paid	-$18M
Other Financing Activities	$40M
NET CASH FROM FINANCING	-$28M
FREE CASH FLOW	$126M
Net Change in Cash	$102M

Balance Sheet

Item	Amount
Cash & Equivalents	$154M
Short-Term Investments	$0
Net Receivables	$238M
Inventory	$130M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$553M
PP&E (Net)	$351M
Goodwill	$238M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$664M
TOTAL ASSETS	$1.2B
Account Payables	$69M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$202M
Long-Term Debt	$210M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$69M
TOTAL NON-CURRENT LIABILITIES	$297M
TOTAL LIABILITIES	$499M
Common Stock	$0
Additional Paid-In Capital	$232M
Retained Earnings	$814M
Treasury Stock	-$313M
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$718M
Minority Interest	$429.0K
TOTAL EQUITY	$718M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$210M
Net Debt	$56M