Balance Sheet Bruker Corporation

Equities

BRKR

US1167941087

Advanced Medical Equipment & Technology

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-13 pm EDT			5-day change	1st Jan Change
65.66 ^USD	+1.44%		+2.58%	-10.64%

Sep. 06	Transcript : Bruker Corporation Presents at Morgan Stanley 22nd Annual Global Healthcare Conference, Sep-06-2024 10:00 AM
Sep. 04	Transcript : Bruker Corporation Presents at Wells Fargo 2024 Healthcare Conference, Sep-04-2024 10:15 AM

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Published financial data: BRUKER CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.07B	1.98B	2.41B	2.52B	2.95B
Other Revenues, Total	5.5M	6M	7.4M	6.2M	13.1M
Total Revenues	2.07B	1.99B	2.42B	2.53B	2.96B
Cost of Goods Sold, Total	1.07B	1.04B	1.2B	1.22B	1.45B
Gross Profit	1B	944M	1.21B	1.31B	1.52B
Selling General & Admin Expenses, Total	503M	472M	563M	608M	730M
Stock-Based Compensation (IS)	-	-	2.7M	-	-
R&D Expenses	188M	198M	221M	236M	295M
Other Operating Expenses	5.8M	8.4M	1.2M	6.2M	10.9M
Other Operating Expenses, Total	696M	678M	788M	850M	1.04B
Operating Income	304M	266M	426M	456M	484M
Interest Expense, Total	-16M	-14.4M	-14.3M	-16.1M	-16.4M
Interest And Investment Income	1.3M	3.2M	900K	4.1M	7.5M
Net Interest Expenses	-14.7M	-11.2M	-13.4M	-12M	-8.9M
Income (Loss) On Equity Invest.	-	-	-	1M	2M
Currency Exchange Gains (Loss)	-3.3M	-8M	-4.1M	-5.8M	-13.3M
Other Non Operating Income (Expenses)	-	-	-	-	-3.1M
EBT, Excl. Unusual Items	286M	247M	409M	440M	461M
Restructuring Charges	-1.4M	-15.8M	-8.2M	-4.8M	-25.5M
Merger & Related Restructuring Charges	-4.6M	-3.2M	-6.8M	-19.7M	-11.7M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-11.4M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-2.1M	500K	-300K	-2.5M
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-500K	-	136M
EBT, Incl. Unusual Items	280M	226M	394M	415M	546M
Income Tax Expense	82.4M	64.4M	113M	116M	118M
Earnings From Continuing Operations	198M	161M	281M	298M	428M
Net Income to Company	198M	161M	281M	298M	428M
Minority Interest	-800K	-3.6M	-3.5M	-1.9M	-1.3M
Net Income - (IS)	197M	158M	277M	297M	427M
Net Income to Common Incl Extra Items	197M	158M	277M	297M	427M
Net Income to Common Excl. Extra Items	197M	158M	277M	297M	427M
Per Share Items
Net EPS - Basic	1.27	1.03	1.83	2	2.92
Basic EPS - Continuing Operations	1.27	1.03	1.83	2	2.92
Basic Weighted Average Shares Outstanding	155M	153M	151M	149M	146M
Net EPS - Diluted	1.26	1.02	1.81	1.99	2.9
Diluted EPS - Continuing Operations	1.26	1.02	1.81	1.99	2.9
Diluted Weighted Average Shares Outstanding	157M	155M	153M	149M	147M
Normalized Basic EPS	1.15	0.98	1.66	1.84	1.96
Normalized Diluted EPS	1.14	0.97	1.65	1.83	1.95
Dividend Per Share	0.16	0.16	0.16	0.2	0.2
Payout Ratio	12.68	15.59	8.73	10.05	6.88
Supplemental Items
EBITDA	380M	346M	515M	545M	599M
EBITA	343M	302M	464M	494M	531M
EBIT	304M	266M	426M	456M	484M
EBITDAR	409M	375M	544M	570M	639M
Total Revenues (As Reported)	2.07B	1.99B	2.42B	2.53B	2.96B
Effective Tax Rate - (Ratio)	29.39	28.52	28.71	28.05	21.55
Current Domestic Taxes	2.8M	-1M	2.2M	-7.9M	4.7M
Current Foreign Taxes	82.1M	85.4M	118M	135M	139M
Total Current Taxes	84.9M	84.4M	120M	127M	143M
Deferred Domestic Taxes	-1.9M	-5.9M	-10.3M	-4.8M	-22.9M
Deferred Foreign Taxes	-600K	-14.1M	3.1M	-6.2M	-2.8M
Total Deferred Taxes	-2.5M	-20M	-7.2M	-11M	-25.7M
Normalized Net Income	178M	151M	252M	273M	287M
Interest on Long-Term Debt	16M	14.4M	14.3M	16.1M	16.4M
Non-Cash Pension Expense	2.6M	3.3M	2.3M	1M	100K
Supplemental Operating Expense Items
Advertising Expense	15.4M	9.7M	13.8M	19.3M	23.7M
Research And Development Expense From Footnotes	189M	198M	221M	236M	295M
Net Rental Expense, Total	29.4M	28.7M	29.2M	24.3M	40M
Imputed Operating Lease Interest Expense	6.07M	3.53M	2.79M	2.32M	4.02M
Imputed Operating Lease Depreciation	23.33M	25.17M	26.41M	21.98M	35.98M
Stock-Based Comp., COGS (Total)	1.8M	2M	2.2M	1.1M	1.4M
Stock-Based Comp., R&D Exp. (Total)	1.8M	2M	2.2M	1.3M	1.9M
Stock-Based Comp., SG&A Exp. (Total)	8.3M	9.3M	10.1M	13.3M	15.1M
Stock-Based Comp., Other (Total)	-2.3M	2.7M	2.7M	12M	5.6M
Total Stock-Based Compensation	9.6M	16M	17.2M	27.7M	24M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	678M	682M	1.07B	646M	488M
Short Term Investments	6.6M	50M	100M	-	-
Trading Asset Securities, Total	10.1M	7.6M	6.4M	14.8M	12M
Total Cash And Short Term Investments	695M	739M	1.17B	660M	500M
Accounts Receivable, Total	406M	377M	463M	534M	576M
Other Receivables	-	-	-	-	45.9M
Total Receivables	406M	377M	463M	534M	622M
Inventory	577M	692M	710M	800M	968M
Prepaid Expenses	-	-	-	-	26.7M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	118M	116M	124M	119M	47.1M
Total Current Assets	1.8B	1.92B	2.47B	2.11B	2.16B
Gross Property Plant And Equipment	797M	895M	901M	985M	1.22B
Accumulated Depreciation	-426M	-432M	-435M	-447M	-524M
Net Property Plant And Equipment	372M	463M	466M	538M	691M
Long-term Investments	-	-	-	23M	8.3M
Goodwill	293M	320M	340M	458M	583M
Other Intangibles, Total	233M	229M	212M	271M	330M
Accounts Receivable Long-Term	-	-	-	-	1.9M
Deferred Tax Assets Long-Term	60.5M	72M	90.1M	76.8M	297M
Other Long-Term Assets, Total	16.8M	39.6M	70.8M	132M	174M
Total Assets	2.77B	3.05B	3.65B	3.61B	4.25B
Liabilities
Accounts Payable, Total	118M	135M	147M	178M	203M
Accrued Expenses, Total	178M	198M	214M	211M	252M
Current Portion of Long-Term Debt	100K	5.7M	116M	16M	116M
Current Portion of Leases	21M	22.1M	19.6M	19.1M	28.4M
Current Income Taxes Payable	52.4M	98M	75.1M	85.5M	139M
Unearned Revenue Current, Total	240M	307M	336M	370M	400M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	34.9M	26.7M	29.6M	33.7M	64.7M
Total Current Liabilities	646M	792M	938M	914M	1.2B
Long-Term Debt	829M	897M	1.24B	1.2B	1.12B
Long-Term Leases	48.1M	49.6M	44.4M	46.2M	90.6M
Unearned Revenue Non Current	42.8M	50.9M	50.2M	56.2M	91.5M
Pension & Other Post Retirement Benefits	122M	123M	105M	45.7M	76.6M
Deferred Tax Liability Non Current	48.8M	43.1M	46M	62.3M	67.7M
Other Non Current Liabilities	97M	119M	144M	154M	190M
Total Liabilities	1.83B	2.07B	2.57B	2.48B	2.84B
Common Stock, Total	1.7M	1.7M	1.7M	1.7M	1.7M
Additional Paid In Capital	200M	216M	238M	256M	283M
Retained Earnings	1.27B	1.41B	1.66B	1.93B	2.32B
Treasury Stock	-544M	-667M	-820M	-1.08B	-1.24B
Comprehensive Income and Other	-25.5M	3.7M	-8.2M	14.8M	6M
Total Common Equity	907M	961M	1.07B	1.11B	1.38B
Minority Interest	31.4M	13.1M	14.3M	18M	36.1M
Total Equity	938M	974M	1.08B	1.13B	1.41B
Total Liabilities And Equity	2.77B	3.05B	3.65B	3.61B	4.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	154M	152M	151M	147M	138M
ECS Total Common Shares Outstanding	154M	152M	151M	147M	145M
Book Value / Share	5.88	6.32	7.1	7.58	9.49
Tangible Book Value	381M	412M	519M	385M	464M
Tangible Book Value Per Share	2.47	2.71	3.44	2.62	3.2
Total Debt	898M	974M	1.42B	1.28B	1.35B
Net Debt	203M	235M	243M	622M	852M
Debt Equivalent of Unfunded Proj. Benefit Obligation	124M	125M	106M	47.5M	78.7M
Debt Equivalent Oper. Leases	235M	230M	234M	194M	320M
Minority Interest, Total (Incl. Fin. Div)	31.4M	13.1M	14.3M	18M	36.1M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	189M	199M	219M	301M	371M
Inventories - Work In Process, Total	206M	246M	255M	279M	315M
Inventories - Finished Goods, Total	182M	248M	236M	220M	282M
Land - (BS)	26.5M	36.5M	34.1M	36.6M	38.9M
Buildings, Total	305M	375M	372M	434M	498M
Machinery, Total	400M	417M	436M	463M	587M
Full Time Employees	7.23K	7.4K	7.76K	8.52K	9.71K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	3.4M	3M	4.2M	5.3M	4.6M
Order Backlog	1.86B	2.01B	2.08B	2.26B	2.23B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	197M	158M	277M	297M	427M
Depreciation & Amortization - CF	37.3M	44.6M	51.7M	51.7M	67.8M
Amortization of Goodwill and Intangible Assets - (CF)	38.3M	35.8M	37.4M	37.1M	47.1M
Depreciation & Amortization, Total	75.6M	80.4M	89.1M	88.8M	115M
(Gain) Loss From Sale Of Asset	-	-	-	-	-8.5M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	15.4M
Asset Writedown & Restructuring Costs	10.1M	2.1M	-500K	300K	5.7M
Stock-Based Compensation (CF)	9.6M	16M	17.2M	27.7M	24M
Other Operating Activities, Total	-4.6M	6.3M	25.1M	5.1M	-141M
Change In Accounts Receivable	-5M	40.8M	-95.3M	-67.9M	-900K
Change In Inventories	-60.2M	-91.6M	-67M	-138M	-125M
Change In Accounts Payable	15.9M	-2.4M	61.4M	13.2M	23.1M
Change in Unearned Revenues	11.5M	68.6M	38.8M	52.7M	-600K
Change In Income Taxes	13.1M	42.9M	-44.3M	-6.8M	43.7M
Change in Other Net Operating Assets	-49.8M	11.3M	-19.2M	2.6M	-28.1M
Cash from Operations	213M	332M	282M	274M	350M
Capital Expenditure	-73M	-97.2M	-92M	-129M	-107M
Sale of Property, Plant, and Equipment	11M	200K	4.9M	13.9M	11.1M
Cash Acquisitions	-90M	-59.2M	-65M	-182M	-227M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-6.4M	-45.1M	-50.3M	39.8M	-10M
Other Investing Activities, Total	-	8.6M	10M	6.2M	6.4M
Cash from Investing	-158M	-193M	-192M	-252M	-326M
Long-Term Debt Issued, Total	848M	298M	493M	300K	-
Total Debt Issued	848M	298M	493M	300K	-
Long-Term Debt Repaid, Total	-382M	-306M	-3.1M	-111M	-21.5M
Total Debt Repaid	-382M	-306M	-3.1M	-111M	-21.5M
Issuance of Common Stock	10.9M	3.3M	7M	2.8M	9.5M
Repurchase of Common Stock	-142M	-123M	-153M	-263M	-152M
Common Dividends Paid	-25M	-24.6M	-24.2M	-29.8M	-29.4M
Common & Preferred Stock Dividends Paid	-25M	-24.6M	-24.2M	-29.8M	-29.4M
Other Financing Activities, Total	-10.6M	-8.8M	-500K	-14.5M	300K
Cash from Financing	300M	-162M	319M	-415M	-193M
Foreign Exchange Rate Adjustments	600K	25.7M	-22.5M	-30.5M	12.2M
Net Change in Cash	356M	3.6M	386M	-423M	-157M
Supplemental Items
Cash Interest Paid	16M	28.7M	19.6M	24.3M	33.7M
Cash Income Tax Paid (Refund)	61.3M	43M	146M	147M	96.6M
Levered Free Cash Flow	117M	212M	198M	184M	292M
Unlevered Free Cash Flow	127M	221M	207M	194M	302M
Change In Net Working Capital	75.7M	-55.3M	73.3M	78.9M	32.6M
Net Debt Issued / Repaid	467M	-8.3M	490M	-111M	-21.5M