STE FY 2015 Earnings Report — STERIS plc Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported March 31, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.6B	—	14.1%
Op. Income	$227M	—	$207M	—	9.9%
Gross Margin	41.8%	—	40.0%	—	1.8pp
Net Margin	7.3%	—	8.0%	—	-0.7pp
EPS (Diluted)	$2.25	—	$2.17	—	3.7%
Free Cash Flow	$161M	—	$123M	—	30.4%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.1B
GROSS PROFIT	$774M
R&D Expenses	$54M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$493M
Other Expenses	-$391.0K
Operating Expenses	$547M
Cost & Expenses	$1.6B
OPERATING INCOME	$227M
Interest Income	$796.0K
Interest Expense	$19M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$209M
Income Tax Expense	$74M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	$92M
EBIT	$228M
EBITDA	$320M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.1B
GROSS PROFIT	$774M
R&D Expenses	$54M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$493M
Other Expenses	-$391.0K
Operating Expenses	$547M
Cost & Expenses	$1.6B
OPERATING INCOME	$227M
Interest Income	$796.0K
Interest Expense	$19M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$209M
Income Tax Expense	$74M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	$92M
EBIT	$228M
EBITDA	$320M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$135M
Depreciation & Amortization	$92M
Stock-Based Compensation	$15M
Deferred Income Tax	-$5M
Other Non-Cash Items	-$21M
Change in Working Capital	$30M
OPERATING CASH FLOW	$246M
Capital Expenditure	-$85M
Acquisitions (Net)	-$195M
Purchases of Investments	-$5M
Sales/Maturities of Investments	$0
Other Investing Activities	$829.0K
NET CASH FROM INVESTING	-$284M
Net Debt Issuance	$130M
Common Stock Repurchased	-$31M
Common Dividends Paid	-$54M
Other Financing Activities	$24M
NET CASH FROM FINANCING	$70M
FREE CASH FLOW	$161M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$168M
Short-Term Investments	$0
Net Receivables	$325M
Inventory	$161M
Other Current Assets	$32M
TOTAL CURRENT ASSETS	$720M
PP&E (Net)	$493M
Goodwill	$593M
Intangible Assets	$268M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.1B
Account Payables	$99M
Short-Term Debt	$0
Deferred Revenue	$35M
Other Current Liabilities	$123M
TOTAL CURRENT LIABILITIES	$283M
Long-Term Debt	$621M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$47M
TOTAL NON-CURRENT LIABILITIES	$740M
TOTAL LIABILITIES	$1.0B
Common Stock	$265M
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	-$320M
Accum. Other Comp. Income	-$67M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$2M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$621M
Net Debt	$453M