STE FY 2019 Earnings Report — STERIS plc Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported May 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.6B	—	6.2%
Op. Income	$411M	—	$400M	—	2.8%
Gross Margin	42.2%	—	41.7%	—	0.5pp
Net Margin	10.9%	—	11.1%	—	-0.2pp
EPS (Diluted)	$3.56	—	$3.39	—	5.0%
Free Cash Flow	$350M	—	$292M	—	19.7%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$63M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$670M
Other Expenses	$31M
Operating Expenses	$764M
Cost & Expenses	$2.4B
OPERATING INCOME	$411M
Interest Income	$3M
Interest Expense	$45M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$369M
Income Tax Expense	$64M
Net Income from Continuing Ops	$305M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$304M
Net Income Deductions	$330.0K
BOTTOM LINE NET INCOME	$304M
D&A	$226M
EBIT	$414M
EBITDA	$640M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$63M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$670M
Other Expenses	$31M
Operating Expenses	$764M
Cost & Expenses	$2.4B
OPERATING INCOME	$411M
Interest Income	$3M
Interest Expense	$45M
Other Income/Expenses	-$42M
INCOME BEFORE TAX	$369M
Income Tax Expense	$64M
Net Income from Continuing Ops	$305M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$304M
Net Income Deductions	$330.0K
BOTTOM LINE NET INCOME	$304M
D&A	$226M
EBIT	$414M
EBITDA	$640M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$305M
Depreciation & Amortization	$226M
Stock-Based Compensation	$24M
Deferred Income Tax	-$7M
Other Non-Cash Items	-$19M
Change in Working Capital	$10M
OPERATING CASH FLOW	$540M
Capital Expenditure	-$190M
Acquisitions (Net)	-$11M
Purchases of Investments	-$5M
Sales/Maturities of Investments	$0
Other Investing Activities	-$13M
NET CASH FROM INVESTING	-$213M
Net Debt Issuance	-$112M
Common Stock Repurchased	-$81M
Common Dividends Paid	-$113M
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$295M
FREE CASH FLOW	$350M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$221M
Short-Term Investments	$0
Net Receivables	$565M
Inventory	$208M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$1.0B
Goodwill	$2.3B
Intangible Assets	$605M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$60M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$5.1B
Account Payables	$153M
Short-Term Debt	$0
Deferred Revenue	$55M
Other Current Liabilities	$219M
TOTAL CURRENT LIABILITIES	$465M
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$151M
Other Non-Current Liabilities	$88M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.9B
Common Stock	$2.0B
Additional Paid-In Capital	$0
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$160M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$8M
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$1.2B
Net Debt	$963M