STE FY 2010 Earnings Report — STERIS plc Revenue & Financial Results | Market Cap Arena

FY 2010 Earnings

Reported March 31, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.3B	—	-3.1%
Op. Income	$204M	—	$175M	—	16.1%
Gross Margin	42.9%	—	40.6%	—	2.3pp
Net Margin	10.2%	—	8.5%	—	1.7pp
EPS (Diluted)	$2.16	—	$1.86	—	16.1%
Free Cash Flow	$181M	—	$126M	—	43.0%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$719M
GROSS PROFIT	$539M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$297M
Other Expenses	$5M
Operating Expenses	$335M
Cost & Expenses	$1.1B
OPERATING INCOME	$204M
Interest Income	$1M
Interest Expense	$13M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$192M
Income Tax Expense	$63M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$56M
EBIT	$205M
EBITDA	$261M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$719M
GROSS PROFIT	$539M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$297M
Other Expenses	$5M
Operating Expenses	$335M
Cost & Expenses	$1.1B
OPERATING INCOME	$204M
Interest Income	$1M
Interest Expense	$13M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$192M
Income Tax Expense	$63M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$56M
EBIT	$205M
EBITDA	$261M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$128M
Depreciation & Amortization	$56M
Stock-Based Compensation	$7M
Deferred Income Tax	$2M
Other Non-Cash Items	$4M
Change in Working Capital	$27M
OPERATING CASH FLOW	$225M
Capital Expenditure	-$44M
Acquisitions (Net)	-$2M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$42M
Net Debt Issuance	$0
Common Stock Repurchased	-$310.0K
Common Dividends Paid	-$144M
Other Financing Activities	$17M
NET CASH FROM FINANCING	-$128M
FREE CASH FLOW	$181M
Net Change in Cash	$61M

Balance Sheet

Item	Amount
Cash & Equivalents	$215M
Short-Term Investments	$0
Net Receivables	$215M
Inventory	$121M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$576M
PP&E (Net)	$347M
Goodwill	$215M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$662M
TOTAL ASSETS	$1.2B
Account Payables	$66M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$59M
TOTAL CURRENT LIABILITIES	$197M
Long-Term Debt	$210M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$21M
Other Non-Current Liabilities	$56M
TOTAL NON-CURRENT LIABILITIES	$287M
TOTAL LIABILITIES	$484M
Common Stock	$237M
Additional Paid-In Capital	$237M
Retained Earnings	$799M
Treasury Stock	-$295M
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$754M
Minority Interest	$780.0K
TOTAL EQUITY	$754M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$210M
Net Debt	-$5M