STE FY 2012 Earnings Report — STERIS plc Revenue & Financial Results | Market Cap Arena

FY 2012 Earnings

Reported March 31, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.2B	—	16.5%
Op. Income	$222M	—	$85M	—	160.9%
Gross Margin	40.4%	—	37.0%	—	3.5pp
Net Margin	9.7%	—	4.2%	—	5.4pp
EPS (Diluted)	$2.31	—	$0.85	—	171.8%
Free Cash Flow	$83M	—	$40M	—	105.2%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$838M
GROSS PROFIT	$568M
R&D Expenses	$36M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$310M
Other Expenses	$644.0K
Operating Expenses	$346M
Cost & Expenses	$1.2B
OPERATING INCOME	$222M
Interest Income	$857.0K
Interest Expense	$12M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$211M
Income Tax Expense	$75M
Net Income from Continuing Ops	$136M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$136M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$136M
D&A	$63M
EBIT	$223M
EBITDA	$286M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$838M
GROSS PROFIT	$568M
R&D Expenses	$36M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$310M
Other Expenses	$644.0K
Operating Expenses	$346M
Cost & Expenses	$1.2B
OPERATING INCOME	$222M
Interest Income	$857.0K
Interest Expense	$12M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$211M
Income Tax Expense	$75M
Net Income from Continuing Ops	$136M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$136M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$136M
D&A	$63M
EBIT	$223M
EBITDA	$286M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$136M
Depreciation & Amortization	$63M
Stock-Based Compensation	$8M
Deferred Income Tax	$22M
Other Non-Cash Items	-$4M
Change in Working Capital	-$76M
OPERATING CASH FLOW	$149M
Capital Expenditure	-$67M
Acquisitions (Net)	-$35M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$42.0K
NET CASH FROM INVESTING	-$101M
Net Debt Issuance	$0
Common Stock Repurchased	-$57M
Common Dividends Paid	-$39M
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$88M
FREE CASH FLOW	$83M
Net Change in Cash	-$42M

Balance Sheet

Item	Amount
Cash & Equivalents	$151M
Short-Term Investments	$0
Net Receivables	$280M
Inventory	$158M
Other Current Assets	$43M
TOTAL CURRENT ASSETS	$652M
PP&E (Net)	$386M
Goodwill	$306M
Intangible Assets	$32M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$754M
TOTAL ASSETS	$1.4B
Account Payables	$83M
Short-Term Debt	$0
Deferred Revenue	$51M
Other Current Liabilities	$54M
TOTAL CURRENT LIABILITIES	$278M
Long-Term Debt	$210M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$43M
Other Non-Current Liabilities	$52M
TOTAL NON-CURRENT LIABILITIES	$305M
TOTAL LIABILITIES	$583M
Common Stock	$244M
Additional Paid-In Capital	$0
Retained Earnings	$914M
Treasury Stock	-$351M
Accum. Other Comp. Income	$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$821M
Minority Interest	$1M
TOTAL EQUITY	$823M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$210M
Net Debt	$59M