$NEOG
NEOGEN CORP

2016 Q2 Form 10-K Financial Statement

#000119312516664134 Filed on July 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2 2015 Q1
Revenue $90.08M $78.61M $68.41M
YoY Change 14.59% 16.87% 10.34%
Cost Of Revenue $48.20M $40.90M $34.71M
YoY Change 17.85% 16.19% 10.91%
Gross Profit $41.85M $37.70M $33.70M
YoY Change 11.02% 17.67% 9.76%
Gross Profit Margin 46.46% 47.96% 49.27%
Selling, General & Admin $24.00M $20.70M $19.18M
YoY Change 15.94% 7.81% 4.76%
% of Gross Profit 57.34% 54.91% 56.9%
Research & Development $2.200M $2.300M $2.366M
YoY Change -4.35% 27.78% 12.35%
% of Gross Profit 5.26% 6.1% 7.02%
Depreciation & Amortization $3.710M $2.800M $2.680M
YoY Change 32.5% 10.24% 8.5%
% of Gross Profit 8.86% 7.43% 7.95%
Operating Expenses $26.30M $23.10M $21.54M
YoY Change 13.85% 9.48% 5.54%
Operating Profit $15.55M $14.60M $12.16M
YoY Change 6.54% 33.46% 18.14%
Interest Expense $100.0K $100.0K $100.0K
YoY Change 0.0%
% of Operating Profit 0.64% 0.69% 0.82%
Other Income/Expense, Net -$500.0K -$400.0K -$526.0K
YoY Change 25.0% -500.0% 1215.0%
Pretax Income $15.20M $14.30M $11.63M
YoY Change 6.29% 27.68% 13.47%
Income Tax $5.400M $4.900M $4.225M
% Of Pretax Income 35.53% 34.27% 36.32%
Net Earnings $9.818M $9.432M $7.409M
YoY Change 4.09% 25.14% 12.68%
Net Earnings / Revenue 10.9% 12.0% 10.83%
Basic Earnings Per Share $0.27 $0.26 $0.20
Diluted Earnings Per Share $0.26 $0.25 $0.20
COMMON SHARES
Basic Shares Outstanding 37.57M shares 37.13M shares 37.01M shares
Diluted Shares Outstanding 37.54M shares

Balance Sheet

Concept 2016 Q2 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $107.8M $114.2M $102.1M
YoY Change -5.6% 49.28% 48.4%
Cash & Equivalents $55.26M $66.06M $57.48M
Short-Term Investments $52.50M $48.10M $44.70M
Other Short-Term Assets $8.400M $6.200M $7.200M
YoY Change 35.48% -32.61% -1.37%
Inventory $64.37M $51.60M $55.10M
Prepaid Expenses
Receivables $67.65M $59.21M $52.89M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $248.2M $231.2M $217.3M
YoY Change 7.37% 22.49% 23.51%
LONG-TERM ASSETS
Property, Plant & Equipment $54.68M $44.47M $43.54M
YoY Change 22.96% 6.02% 9.3%
Goodwill $88.51M $70.12M $70.12M
YoY Change 26.22% 2.83% -0.86%
Intangibles $24.17M $21.85M
YoY Change -4.2% -7.44%
Long-Term Investments
YoY Change
Other Assets $147.0M $116.5M $117.5M
YoY Change 26.19% 1.66% 2.62%
Total Long-Term Assets $201.7M $161.0M $161.1M
YoY Change 25.3% 2.83% 4.35%
TOTAL ASSETS
Total Short-Term Assets $248.2M $231.2M $217.3M
Total Long-Term Assets $201.7M $161.0M $161.1M
Total Assets $449.9M $392.2M $378.4M
YoY Change 14.73% 13.58% 14.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.80M $13.69M $10.59M
YoY Change 15.4% 2.2% -10.02%
Accrued Expenses $12.80M $10.50M $11.10M
YoY Change 21.9% -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 $28.60M $25.46M $26.55M
YoY Change 12.34% 1.96% 8.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.423M $2.100M $2.100M
YoY Change 15.38% 10.53% -4.55%
Total Long-Term Liabilities $2.423M $15.76M $15.17M
YoY Change -84.63% 12.31% 3.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.60M $25.46M $26.55M
Total Long-Term Liabilities $2.423M $15.76M $15.17M
Total Liabilities $45.78M $41.22M $41.72M
YoY Change 11.07% 5.68% 6.36%
SHAREHOLDERS EQUITY
Retained Earnings $252.1M $215.6M $206.2M
YoY Change 16.96% 18.42% 18.15%
Common Stock $6.011M $5.941M $5.927M
YoY Change 1.18% 1.09% 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $404.2M $351.0M $336.8M
YoY Change
Total Liabilities & Shareholders Equity $449.9M $392.2M $378.4M
YoY Change 14.73% 13.58% 14.56%

Cashflow Statement

Concept 2016 Q2 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income $9.818M $9.432M $7.409M
YoY Change 4.09% 25.14% 12.68%
Depreciation, Depletion And Amortization $3.710M $2.800M $2.680M
YoY Change 32.5% 10.24% 8.5%
Cash From Operating Activities $7.320M $10.32M $10.10M
YoY Change -29.07% 128.82% 57.08%
INVESTING ACTIVITIES
Capital Expenditures -$3.070M -$2.760M -$2.150M
YoY Change 11.23% -34.13% -24.83%
Acquisitions
YoY Change
Other Investing Activities -$20.12M -$3.440M -$1.460M
YoY Change 484.88% -66.57% -79.83%
Cash From Investing Activities -$23.20M -$6.200M -$3.610M
YoY Change 274.19% -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 4.280M 4.550M 2.100M
YoY Change -5.93% -38.35% -33.12%
NET CHANGE
Cash From Operating Activities 7.320M 10.32M 10.10M
Cash From Investing Activities -23.20M -6.200M -3.610M
Cash From Financing Activities 4.280M 4.550M 2.100M
Net Change In Cash -11.60M 8.670M 8.590M
YoY Change -233.79% -434.75% -1720.75%
FREE CASH FLOW
Cash From Operating Activities $7.320M $10.32M $10.10M
Capital Expenditures -$3.070M -$2.760M -$2.150M
Free Cash Flow $10.39M $13.08M $12.25M
YoY Change -20.57% 50.34% 31.86%

Facts In Submission

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367000
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CY2014 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2014 neog Income Tax Reconciliation Subpart F Income
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1929000
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CY2015 us-gaap Stock Repurchased And Retired During Period Shares
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CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.362 pure
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1067000
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CY2015 us-gaap Sales Revenue Goods Net
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CY2015 us-gaap Income Taxes Paid Net
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329000
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CY2015 us-gaap Depreciation
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1051000
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2475000
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18227000
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11033000
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337000
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10690000
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1371000
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4331000
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NEOGEN CORP
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