STE FY 2014 Earnings Report — STERIS plc Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported March 31, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	8.0%
Op. Income	$207M	—	$243M	—	-14.8%
Gross Margin	40.0%	—	41.4%	—	-1.3pp
Net Margin	8.0%	—	10.7%	—	-2.7pp
EPS (Diluted)	$2.17	—	$2.72	—	-20.2%
Free Cash Flow	$123M	—	$140M	—	-12.2%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$973M
GROSS PROFIT	$650M
R&D Expenses	$49M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$381M
Other Expenses	$13M
Operating Expenses	$443M
Cost & Expenses	$1.4B
OPERATING INCOME	$207M
Interest Income	$339.0K
Interest Expense	$19M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$188M
Income Tax Expense	$59M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$129M
D&A	$76M
EBIT	$207M
EBITDA	$283M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$973M
GROSS PROFIT	$650M
R&D Expenses	$49M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$381M
Other Expenses	$13M
Operating Expenses	$443M
Cost & Expenses	$1.4B
OPERATING INCOME	$207M
Interest Income	$339.0K
Interest Expense	$19M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$188M
Income Tax Expense	$59M
Net Income from Continuing Ops	$129M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$129M
D&A	$76M
EBIT	$207M
EBITDA	$283M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$129M
Depreciation & Amortization	$76M
Stock-Based Compensation	$11M
Deferred Income Tax	$15M
Other Non-Cash Items	$2M
Change in Working Capital	-$24M
OPERATING CASH FLOW	$210M
Capital Expenditure	-$86M
Acquisitions (Net)	-$67M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$149M
Net Debt Issuance	$1M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$48M
Other Financing Activities	$18M
NET CASH FROM FINANCING	-$54M
FREE CASH FLOW	$123M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$153M
Short-Term Investments	$0
Net Receivables	$314M
Inventory	$155M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$675M
PP&E (Net)	$454M
Goodwill	$517M
Intangible Assets	$231M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.9B
Account Payables	$102M
Short-Term Debt	$0
Deferred Revenue	$39M
Other Current Liabilities	$95M
TOTAL CURRENT LIABILITIES	$255M
Long-Term Debt	$493M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$59M
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$591M
TOTAL LIABILITIES	$846M
Common Stock	$246M
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	-$324M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$3M
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$493M
Net Debt	$341M