2023 Q4 Form 10-Q Financial Statement

#000095017023062192 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $854.5M $742.8M $638.9M
YoY Change 20.62% 16.26% 4.93%
Cost Of Revenue $424.2M $360.0M $303.6M
YoY Change 23.75% 18.58% 1.13%
Gross Profit $430.3M $382.8M $335.3M
YoY Change 17.7% 14.17% 8.62%
Gross Profit Margin 50.36% 51.53% 52.48%
Selling, General & Admin $211.3M $177.6M $144.8M
YoY Change 26.45% 22.65% 2.4%
% of Gross Profit 49.11% 46.39% 43.19%
Research & Development $83.40M $71.30M $56.20M
YoY Change 31.34% 26.87% 7.87%
% of Gross Profit 19.38% 18.63% 16.76%
Depreciation & Amortization $37.30M $26.60M $21.00M
YoY Change 52.24% 26.67% -5.41%
% of Gross Profit 8.67% 6.95% 6.26%
Operating Expenses $326.8M $258.3M $204.0M
YoY Change 42.77% 26.62% 5.43%
Operating Profit $103.5M $124.5M $131.3M
YoY Change -24.29% -5.18% 13.98%
Interest Expense -$6.700M $3.900M -$2.000M
YoY Change -33.0% -295.0% -54.55%
% of Operating Profit -6.47% 3.13% -1.52%
Other Income/Expense, Net $0.00 -$5.300M -$2.000M
YoY Change 165.0% -54.55%
Pretax Income $240.9M $119.2M $129.3M
YoY Change 99.09% -7.81% 18.84%
Income Tax $37.10M $30.80M $41.20M
% Of Pretax Income 15.4% 25.84% 31.86%
Net Earnings $205.5M $88.10M $88.10M
YoY Change 110.99% 0.0% 1.15%
Net Earnings / Revenue 24.05% 11.86% 13.79%
Basic Earnings Per Share $0.60 $0.60
Diluted Earnings Per Share $1.41 $0.60 $0.59
COMMON SHARES
Basic Shares Outstanding 138.4M 146.9M 148.1M
Diluted Shares Outstanding 147.3 148.6

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $488.3M $363.6M $626.2M
YoY Change -24.35% -41.94% -6.51%
Cash & Equivalents $488.3M $363.6M $626.2M
Short-Term Investments $0.00
Other Short-Term Assets $216.4M $264.4M $239.6M
YoY Change 11.83% 10.35% 11.65%
Inventory $968.3M $916.0M $749.5M
Prepaid Expenses $26.70M $26.70M
Receivables $492.0M $485.4M $421.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.165B $2.029B $2.037B
YoY Change 2.45% -0.35% 2.38%
LONG-TERM ASSETS
Property, Plant & Equipment $599.7M $527.0M $421.5M
YoY Change 23.14% 25.03% 8.24%
Goodwill $582.6M $561.1M $381.5M
YoY Change 27.32% 47.08%
Intangibles $330.5M $291.9M $214.0M
YoY Change 22.0% 36.4%
Long-Term Investments
YoY Change
Other Assets $184.0M $410.2M $283.3M
YoY Change 18.63% 44.79% 36.79%
Total Long-Term Assets $2.074B $1.790B $1.300B
YoY Change 38.38% 37.68% 14.22%
TOTAL ASSETS
Total Short-Term Assets $2.165B $2.029B $2.037B
Total Long-Term Assets $2.074B $1.790B $1.300B
Total Assets $4.239B $3.820B $3.337B
YoY Change 17.36% 14.47% 6.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $202.7M $181.5M $157.7M
YoY Change 13.62% 15.09% 11.76%
Accrued Expenses
YoY Change
Deferred Revenue $400.0M $175.5M
YoY Change 83.49%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $121.2M $121.0M $17.00M
YoY Change 548.13% 611.76% -84.47%
Total Short-Term Liabilities $1.191B $1.072B $864.6M
YoY Change 30.26% 24.02% -6.14%
LONG-TERM LIABILITIES
Long-Term Debt $1.160B $1.099B $1.137B
YoY Change -3.35% -3.36% 58.44%
Other Long-Term Liabilities $474.2M $404.5M $381.8M
YoY Change 185.32% 5.95% -4.33%
Total Long-Term Liabilities $1.635B $1.503B $1.519B
YoY Change 19.59% -1.02% 36.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.191B $1.072B $864.6M
Total Long-Term Liabilities $1.635B $1.503B $1.519B
Total Liabilities $2.844B $2.575B $2.383B
YoY Change 24.69% 8.06% 16.13%
SHAREHOLDERS EQUITY
Retained Earnings $2.324B
YoY Change 20.65%
Common Stock $282.9M
YoY Change 10.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.237B $1.187B $1.059B
YoY Change 14.03% 12.12%
Treasury Stock Shares $27.93M
Shareholders Equity $1.395B $1.209B $937.0M
YoY Change
Total Liabilities & Shareholders Equity $4.239B $3.820B $3.337B
YoY Change 17.36% 14.47% 6.69%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $205.5M $88.10M $88.10M
YoY Change 110.99% 0.0% 1.15%
Depreciation, Depletion And Amortization $37.30M $26.60M $21.00M
YoY Change 52.24% 26.67% -5.41%
Cash From Operating Activities $205.5M $44.10M $69.50M
YoY Change 19.83% -36.55% 190.79%
INVESTING ACTIVITIES
Capital Expenditures $31.50M $26.90M -$57.70M
YoY Change -8.96% -146.62% 253.99%
Acquisitions
YoY Change
Other Investing Activities -$5.200M -$128.1M $100.0K
YoY Change -95.47% -128200.0% -100.31%
Cash From Investing Activities -$36.70M -$155.0M -$57.60M
YoY Change -75.42% 169.1% 19.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -59.90M -92.50M -82.00M
YoY Change 65.93% 12.8% 3053.85%
NET CHANGE
Cash From Operating Activities 205.5M 44.10M 69.50M
Cash From Investing Activities -36.70M -155.0M -57.60M
Cash From Financing Activities -59.90M -92.50M -82.00M
Net Change In Cash 108.9M -203.4M -70.10M
YoY Change -883.45% 190.16% 158.67%
FREE CASH FLOW
Cash From Operating Activities $205.5M $44.10M $69.50M
Capital Expenditures $31.50M $26.90M -$57.70M
Free Cash Flow $174.0M $17.20M $127.2M
YoY Change 27.1% -86.48% 216.42%

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<div style="text-indent:0;display:flex;margin-top:10pt;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:3.333%;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10pt;font-family:Times New Roman;justify-content:flex-start;min-width:3.333%;">1.</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Description of Business</span></div></div><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Bruker Corporation, together with its consolidated subsidiaries (Bruker or the Company), develops, manufactures and distributes high-performance scientific instruments and analytical and diagnostic solutions that enable its customers to explore life and materials at microscopic, molecular and cellular levels. Many of the Company’s products are used to detect, measure and visualize structural characteristics of chemical, biological and industrial material samples. The Company’s products address the rapidly evolving needs of a diverse array of customers in life science research, pharmaceuticals, biotechnology, applied markets, cell biology, clinical research, microbiology, in-vitro diagnostics, nanotechnology and materials science research.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company has </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">four</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> reportable segments, Bruker Scientific Instruments (BSI) BioSpin, BSI CALID, BSI NANO and Bruker Energy &amp; Supercon Technologies (BEST).</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">BSI BioSpin Segment designs, manufactures and distributes enabling life science tools based on magnetic resonance technology. BSI BioSpin Segment’s revenues are generated by academic and government research customers, pharmaceutical and biotechnology companies and nonprofit laboratories, as well as chemical, food and beverage, clinical and other industrial companies.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">BSI CALID (Chemicals, Applied Markets, Life Science, In Vitro Diagnostics, Detection) Segment designs, manufactures and distributes life science mass spectrometry and ion mobility spectrometry solutions, analytical and process analysis instruments and solutions based on infrared and Raman molecular spectroscopy technologies and radiological/nuclear detectors for Chemical, Biological, Radiological, Nuclear and Explosive (CBRNE) detection. Customers of the BSI CALID Segment include academic institutions and medical schools; pharmaceutical, biotechnology and diagnostics companies; contract research organizations; nonprofit and for-profit forensics laboratories; agriculture, food and beverage safety laboratories; environmental and clinical microbiology laboratories; hospitals and government departments and agencies.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">BSI NANO Segment designs, manufactures and distributes advanced X-ray instruments; atomic force microscopy instrumentation; advanced fluorescence optical microscopy instruments; analytical tools for electron microscopes and X-ray metrology; defect-detection equipment for semiconductor process control; handheld, portable and mobile X-ray fluorescence spectrometry instruments; spark optical emission spectroscopy systems; chip cytometry products and services for targeted spatial proteomics, multi-omic services; and products and services for spatial genomics research. Customers of the BSI NANO Segment include academic institutions, governmental customers, nanotechnology companies, semiconductor companies, raw material manufacturers, industrial companies, biotechnology and pharmaceutical companies and other businesses involved in materials research and life science research analysis.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">BEST Segment develops and manufactures superconducting and non-superconducting materials and devices for use in renewable energy, energy infrastructure, healthcare and “big science” research. The segment focuses on metallic low temperature superconductors for use in magnetic resonance imaging, nuclear magnetic resonance, fusion energy research and other applications.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The unaudited condensed consolidated financial statements represent the consolidated accounts of the Company. All intercompany accounts and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements as of September 30, 2023 and December 31, 2022, and for the three and nine months ended September 30, 2023 and 2022, have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, the financial information presented herein does not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair statement have been included. The results for interim periods are not necessarily indicative of the results expected for any other interim period or the full year.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">At September 30, 2023, the Company’s significant accounting policies, which are detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, have not changed.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:0;font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Risks and Uncertainties</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company is subject to risks common to its industry including, but not limited to, global economic conditions, such as increasing inflation, uncertainties caused by recent banking industry volatility, rapid technological change, government and academic funding levels, geopolitical uncertainties, changes in commodity prices, spending patterns of its customers, protection of its intellectual property, availability of key raw materials and components and other supply chain challenges, compliance with existing and future regulation by government agencies and fluctuations in foreign currency exchange rates and interest rates.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company has experienced supply chain interruptions as a result of general global economic conditions, including inflation and the threat of a potential recession, a tighter labor market and other factors including natural events and disasters. Various factors, including increased demand for certain components and production delays, are contributing to shortages of certain components used in the Company’s products and increased difficulties in the Company’s ability to obtain a consistent supply of materials at stable pricing levels. Supply shortages and longer lead times for components used in the Company’s products, including limited source components, has resulted and may continue to cause disruptions to the Company’s production activities, which has had and may continue to have an adverse effect on the Company’s financial condition or result of operations. These factors have impacted and may continue to impact the timing of the Company’s revenue, and have also resulted, and may in the future result in a delay of revenue, and an increase in manufacturing costs, all of which have adversely impacted and may continue to adversely impact the Company’s operating results.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Additionally, world events, such as the Russia-Ukraine conflict and related economic sanctions, the conflict in Israel, Palestine and surrounding areas, the possible expansion of such conflicts and potential geopolitical consequences, the ongoing tensions between the United States and China, tariff and trade policy changes, and increasing potential of conflict involving countries in Asia that are significant to the Company's supply chain operations, such as Taiwan and China, have resulted in increasing global instability and have created uncertainty for global commerce. As a result of the adverse economic impacts resulting from the Russia-Ukraine conflict, such as increased prices for and a reduced supply of key metals used in our products, the Company has ceased its Russian operations. Sustained or worsening global economic conditions and increasing inflation and geopolitical tensions have increased the Company's cost of doing business, impacted the Company's supply chain operations, caused some of the Company's customers to reduce or delay spending and further intensified pricing pressures. Combined with increased inflation, potential energy shortages in Europe where we have significant operations, and overall higher energy and transportation costs, these factors have affected and may continue to affect the Company's financial condition and results of operations.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the unaudited condensed consolidated financial statements requires the Company to make estimates, judgments and assumptions that may affect the reported amounts of assets, liabilities, equity, revenues and expenses and related disclosure of contingent assets and liabilities. On an ongoing basis the Company evaluates estimates, judgments and methodologies. Changes in estimates are recorded in the period in which they become known. The Company bases its estimates on historical experience and on various other assumptions that it believes are reasonable, the results of which form the basis for making judgments about the carrying values of assets, liabilities and equity and the amount of revenues and expenses. The full extent to which the global supply chain interruptions, higher energy costs and shortages, the global economy, including inflation and the threat of recession, and geopolitical instability will directly or indirectly impact future business, results of operations and financial condition, including sales, expenses, reserves and allowances, manufacturing, research and development costs and employee cost related amounts, will depend on future developments that are highly uncertain, including as a result of new developments concerning global supply chain and various global conflicts. The Company has made estimates of the impact of these disruptions within the financial statements and there may be changes to those estimates in future periods. Actual results may differ from management’s estimates if these results differ from historical experience.</span><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:normal;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Deferred revenue previously included in other current liabilities on the consolidated balance sheets is currently presented together with customer advances. The change in the prior period was made to conform to the current period presentation.</span></p>
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4800000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3900000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13500000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11500000
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3900000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M12D
CY2023Q3 brkr Information Technology And Data Processing Cost Net
InformationTechnologyAndDataProcessingCostNet
2200000
CY2022Q3 brkr Information Technology And Data Processing Cost Net
InformationTechnologyAndDataProcessingCostNet
-400000
brkr Information Technology And Data Processing Cost Net
InformationTechnologyAndDataProcessingCostNet
3300000
brkr Information Technology And Data Processing Cost Net
InformationTechnologyAndDataProcessingCostNet
2100000
CY2023Q3 brkr Restructuring Charges Excluding Cost Of Sales
RestructuringChargesExcludingCostOfSales
3700000
CY2022Q3 brkr Restructuring Charges Excluding Cost Of Sales
RestructuringChargesExcludingCostOfSales
500000
brkr Restructuring Charges Excluding Cost Of Sales
RestructuringChargesExcludingCostOfSales
4300000
brkr Restructuring Charges Excluding Cost Of Sales
RestructuringChargesExcludingCostOfSales
3300000
CY2023Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1600000
CY2022Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1700000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
7400000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
15100000
CY2023Q3 brkr Other Miscellaneous Nonrecurring Expense
OtherMiscellaneousNonrecurringExpense
1900000
CY2022Q3 brkr Other Miscellaneous Nonrecurring Expense
OtherMiscellaneousNonrecurringExpense
1200000
brkr Other Miscellaneous Nonrecurring Expense
OtherMiscellaneousNonrecurringExpense
5100000
brkr Other Miscellaneous Nonrecurring Expense
OtherMiscellaneousNonrecurringExpense
2500000
CY2023Q3 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
9400000
CY2022Q3 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
3000000
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
20100000
us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
23000000
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
4800000
CY2022Q3 us-gaap Restructuring Charges
RestructuringCharges
300000
us-gaap Restructuring Charges
RestructuringCharges
5700000
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
us-gaap Restructuring Charges
RestructuringCharges
4500000
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
1800000
us-gaap Restructuring Charges
RestructuringCharges
5700000
us-gaap Payments For Restructuring
PaymentsForRestructuring
1900000
us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
700000
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
4900000
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
2000000
CY2022Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
900000
us-gaap Investment Income Interest
InvestmentIncomeInterest
5300000
us-gaap Investment Income Interest
InvestmentIncomeInterest
1700000
CY2023Q3 us-gaap Interest Expense
InterestExpense
3900000
CY2022Q3 us-gaap Interest Expense
InterestExpense
3700000
us-gaap Interest Expense
InterestExpense
12000000
us-gaap Interest Expense
InterestExpense
11800000
CY2023Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2022Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
18300000
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3300000
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1200000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-8800000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
700000
CY2023Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
0
CY2022Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
300000
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
100000
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
1000000
CY2023Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-100000
CY2022Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-100000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
3800000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1600000
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5300000
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2000000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-30100000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8800000
brkr Cumulative Currency Translation Adjustment Loss
CumulativeCurrencyTranslationAdjustmentLoss
2700000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
124500000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
131300000
us-gaap Operating Income Loss
OperatingIncomeLoss
333400000
us-gaap Operating Income Loss
OperatingIncomeLoss
301700000
CY2023Q3 us-gaap Assets
Assets
3819600000
CY2022Q4 us-gaap Assets
Assets
3611800000

Files In Submission

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0000950170-23-062192.txt Edgar Link pending
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brkr-20230930.htm Edgar Link pending
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brkr-ex31_1.htm Edgar Link pending
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brkr-20230930_htm.xml Edgar Link completed
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