STE FY 2021 Earnings Report — STERIS plc Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported May 28, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$3.1B	—	$3.0B	—	2.5%
Op. Income	$548M	—	$537M	—	2.1%
Gross Margin	43.2%	—	43.6%	—	-0.3pp
Net Margin	12.8%	—	13.5%	—	-0.7pp
EPS (Diluted)	$4.63	—	$4.76	—	-2.7%
Free Cash Flow	$450M	—	$376M	—	19.8%

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.3B
R&D Expenses	$66M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$731M
Other Expenses	-$3M
Operating Expenses	$795M
Cost & Expenses	$2.6B
OPERATING INCOME	$548M
Interest Income	$6M
Interest Expense	$37M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$518M
Income Tax Expense	$121M
Net Income from Continuing Ops	$397M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$397M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$397M
D&A	$219M
EBIT	$555M
EBITDA	$774M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.3B
R&D Expenses	$66M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$731M
Other Expenses	-$3M
Operating Expenses	$795M
Cost & Expenses	$2.6B
OPERATING INCOME	$548M
Interest Income	$6M
Interest Expense	$37M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$518M
Income Tax Expense	$121M
Net Income from Continuing Ops	$397M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$397M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$397M
D&A	$219M
EBIT	$555M
EBITDA	$774M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$397M
Depreciation & Amortization	$219M
Stock-Based Compensation	$26M
Deferred Income Tax	$4M
Other Non-Cash Items	$24M
Change in Working Capital	$19M
OPERATING CASH FLOW	$690M
Capital Expenditure	-$239M
Acquisitions (Net)	-$909M
Purchases of Investments	-$4M
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$485M
Common Stock Repurchased	-$15M
Common Dividends Paid	-$134M
Other Financing Activities	$10M
NET CASH FROM FINANCING	$346M
FREE CASH FLOW	$450M
Net Change in Cash	-$99M

Balance Sheet

Item	Amount
Cash & Equivalents	$221M
Short-Term Investments	$0
Net Receivables	$609M
Inventory	$315M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$1.4B
Goodwill	$3.0B
Intangible Assets	$898M
Long-Term Investments	$9M
Tax Assets	$0
Other Non-Current Assets	$44M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$6.6B
Account Payables	$157M
Short-Term Debt	$0
Deferred Revenue	$62M
Other Current Liabilities	$271M
TOTAL CURRENT LIABILITIES	$578M
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$237M
Other Non-Current Liabilities	$88M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$2.7B
Common Stock	$2.0B
Additional Paid-In Capital	$0
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$61M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.9B
Minority Interest	$10M
TOTAL EQUITY	$3.9B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$1.8B
Net Debt	$1.6B