TECH FY 2016 Earnings Report — Bio-Techne Corporation Revenue & Financial Results | Market Cap Arena

Bio-Techne CorporationTECH

FY 2016 Earnings

Reported August 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$499M	—	$452M	—	10.3%
Op. Income	$151M	—	$147M	—	2.4%
Gross Margin	67.5%	—	67.9%	—	-0.5pp
Net Margin	20.9%	—	23.8%	—	-2.9pp
EPS (Diluted)	$0.70	—	$0.72	—	-2.8%
Free Cash Flow	$127M	—	$119M	—	6.3%

Revenue Flow

Item	Amount
REVENUE	$499M
Cost of Revenue	$162M
GROSS PROFIT	$337M
R&D Expenses	$45M
Selling & Marketing	$0
General & Administrative	$141M
SG&A Expenses	$141M
Other Expenses	$0
Operating Expenses	$186M
Cost & Expenses	$348M
OPERATING INCOME	$151M
Interest Income	$249.0K
Interest Expense	$2M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$147M
Income Tax Expense	$43M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$43M
EBIT	$149M
EBITDA	$192M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$499M
Cost of Revenue	$162M
GROSS PROFIT	$337M
R&D Expenses	$45M
Selling & Marketing	$0
General & Administrative	$141M
SG&A Expenses	$141M
Other Expenses	$0
Operating Expenses	$186M
Cost & Expenses	$348M
OPERATING INCOME	$151M
Interest Income	$249.0K
Interest Expense	$2M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$147M
Income Tax Expense	$43M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$43M
EBIT	$149M
EBITDA	$192M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$104M
Depreciation & Amortization	$43M
Stock-Based Compensation	$9M
Deferred Income Tax	-$3M
Other Non-Cash Items	$5M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$144M
Capital Expenditure	-$17M
Acquisitions (Net)	-$91M
Purchases of Investments	$0
Sales/Maturities of Investments	$776.0K
Other Investing Activities	-$25.0K
NET CASH FROM INVESTING	-$108M
Net Debt Issuance	$19M
Common Stock Repurchased	$0
Common Dividends Paid	-$48M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$23M
FREE CASH FLOW	$127M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$64M
Short-Term Investments	$32M
Net Receivables	$93M
Inventory	$57M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$254M
PP&E (Net)	$132M
Goodwill	$431M
Intangible Assets	$311M
Long-Term Investments	-$63M
Tax Assets	$63M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$876M
TOTAL ASSETS	$1.1B
Account Payables	$21M
Short-Term Debt	$4M
Deferred Revenue	$5M
Other Current Liabilities	$2M
TOTAL CURRENT LIABILITIES	$54M
Long-Term Debt	$92M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$63M
Other Non-Current Liabilities	$105M
TOTAL NON-CURRENT LIABILITIES	$196M
TOTAL LIABILITIES	$250M
Common Stock	$372.0K
Additional Paid-In Capital	$179M
Retained Earnings	$771M
Treasury Stock	$0
Accum. Other Comp. Income	-$70M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$879M
Minority Interest	$0
TOTAL EQUITY	$879M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$134M
Net Debt	$70M