$NEOG
NEOGEN CORP

2016 Q1 Form 10-Q Financial Statement

#000119312516525928 Filed on March 31, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q2 2015 Q1
Revenue $76.73M $78.61M $68.41M
YoY Change 12.16% 16.87% 10.34%
Cost Of Revenue $41.53M $40.90M $34.71M
YoY Change 19.66% 16.19% 10.91%
Gross Profit $35.20M $37.70M $33.70M
YoY Change 4.43% 17.67% 9.76%
Gross Profit Margin 45.87% 47.96% 49.27%
Selling, General & Admin $21.49M $20.70M $19.18M
YoY Change 12.07% 7.81% 4.76%
% of Gross Profit 61.06% 54.91% 56.9%
Research & Development $2.451M $2.300M $2.366M
YoY Change 3.59% 27.78% 12.35%
% of Gross Profit 6.96% 6.1% 7.02%
Depreciation & Amortization $3.150M $2.800M $2.680M
YoY Change 17.54% 10.24% 8.5%
% of Gross Profit 8.95% 7.43% 7.95%
Operating Expenses $23.94M $23.10M $21.54M
YoY Change 11.14% 9.48% 5.54%
Operating Profit $11.25M $14.60M $12.16M
YoY Change -7.45% 33.46% 18.14%
Interest Expense $100.0K $100.0K $100.0K
YoY Change 0.0%
% of Operating Profit 0.89% 0.69% 0.82%
Other Income/Expense, Net $385.0K -$400.0K -$526.0K
YoY Change -173.19% -500.0% 1215.0%
Pretax Income $11.64M $14.30M $11.63M
YoY Change 0.04% 27.68% 13.47%
Income Tax $3.350M $4.900M $4.225M
% Of Pretax Income 28.78% 34.27% 36.32%
Net Earnings $8.289M $9.432M $7.409M
YoY Change 11.88% 25.14% 12.68%
Net Earnings / Revenue 10.8% 12.0% 10.83%
Basic Earnings Per Share $0.22 $0.26 $0.20
Diluted Earnings Per Share $0.22 $0.25 $0.20
COMMON SHARES
Basic Shares Outstanding 37.47M shares 37.13M shares 37.01M shares
Diluted Shares Outstanding 37.96M shares 37.54M shares

Balance Sheet

Concept 2016 Q1 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $125.2M $114.2M $102.1M
YoY Change 22.62% 49.28% 48.4%
Cash & Equivalents $66.86M $66.06M $57.48M
Short-Term Investments $58.30M $48.10M $44.70M
Other Short-Term Assets $8.200M $6.200M $7.200M
YoY Change 13.89% -32.61% -1.37%
Inventory $65.45M $51.60M $55.10M
Prepaid Expenses
Receivables $56.16M $59.21M $52.89M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $254.9M $231.2M $217.3M
YoY Change 17.3% 22.49% 23.51%
LONG-TERM ASSETS
Property, Plant & Equipment $51.90M $44.47M $43.54M
YoY Change 19.19% 6.02% 9.3%
Goodwill $75.98M $70.12M $70.12M
YoY Change 8.36% 2.83% -0.86%
Intangibles $23.07M $24.17M $21.85M
YoY Change 5.55% -4.2% -7.44%
Long-Term Investments
YoY Change
Other Assets $125.4M $116.5M $117.5M
YoY Change 6.68% 1.66% 2.62%
Total Long-Term Assets $177.3M $161.0M $161.1M
YoY Change 10.06% 2.83% 4.35%
TOTAL ASSETS
Total Short-Term Assets $254.9M $231.2M $217.3M
Total Long-Term Assets $177.3M $161.0M $161.1M
Total Assets $432.2M $392.2M $378.4M
YoY Change 14.22% 13.58% 14.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.40M $13.69M $10.59M
YoY Change 45.42% 2.2% -10.02%
Accrued Expenses $9.400M $10.50M $11.10M
YoY Change -15.32% -9.48% -0.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.78M $25.46M $26.55M
YoY Change 4.64% 1.96% 8.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.100M $2.100M $2.100M
YoY Change 0.0% 10.53% -4.55%
Total Long-Term Liabilities $16.59M $15.76M $15.17M
YoY Change 9.32% 12.31% 3.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.78M $25.46M $26.55M
Total Long-Term Liabilities $16.59M $15.76M $15.17M
Total Liabilities $44.37M $41.22M $41.72M
YoY Change 6.34% 5.68% 6.36%
SHAREHOLDERS EQUITY
Retained Earnings $242.3M $215.6M $206.2M
YoY Change 17.5% 18.42% 18.15%
Common Stock $6.004M $5.941M $5.927M
YoY Change 1.3% 1.09% 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $387.9M $351.0M $336.8M
YoY Change
Total Liabilities & Shareholders Equity $432.2M $392.2M $378.4M
YoY Change 14.22% 13.58% 14.56%

Cashflow Statement

Concept 2016 Q1 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income $8.289M $9.432M $7.409M
YoY Change 11.88% 25.14% 12.68%
Depreciation, Depletion And Amortization $3.150M $2.800M $2.680M
YoY Change 17.54% 10.24% 8.5%
Cash From Operating Activities $7.150M $10.32M $10.10M
YoY Change -29.21% 128.82% 57.08%
INVESTING ACTIVITIES
Capital Expenditures -$3.330M -$2.760M -$2.150M
YoY Change 54.88% -34.13% -24.83%
Acquisitions
YoY Change
Other Investing Activities -$9.720M -$3.440M -$1.460M
YoY Change 565.75% -66.57% -79.83%
Cash From Investing Activities -$13.04M -$6.200M -$3.610M
YoY Change 261.22% -57.18% -64.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.980M 4.550M 2.100M
YoY Change -5.71% -38.35% -33.12%
NET CHANGE
Cash From Operating Activities 7.150M 10.32M 10.10M
Cash From Investing Activities -13.04M -6.200M -3.610M
Cash From Financing Activities 1.980M 4.550M 2.100M
Net Change In Cash -3.910M 8.670M 8.590M
YoY Change -145.52% -434.75% -1720.75%
FREE CASH FLOW
Cash From Operating Activities $7.150M $10.32M $10.10M
Capital Expenditures -$3.330M -$2.760M -$2.150M
Free Cash Flow $10.48M $13.08M $12.25M
YoY Change -14.45% 50.34% 31.86%

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dei Document Type
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10-Q
dei Trading Symbol
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dei Document Period End Date
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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dei Document Fiscal Year Focus
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0
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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2690000
us-gaap Share Based Compensation
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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neog Remedial Action Objective Time Frame
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neog Accrual For Environmental Loss Contingencies Undiscounted Estimated Period
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us-gaap Number Of Reportable Segments
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CY2015 us-gaap Stock Repurchased And Retired During Period Shares
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530000 shares
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8609000

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