Neogen Corporation (NEOG) financial statements (2021 and earlier)
Company profile
| Business Address |
620 LESHER PLACE LANSING, MI 48912 |
| State of Incorp. | MI |
| Fiscal Year End | May 31 |
| SIC | 2835 - In Vitro and In Vivo Diagnostic Substances (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 2/28/2021 Q3 | 11/30/2020 Q2 | 8/31/2020 Q1 | 5/31/2020 Q4 | 2/29/2020 Q3 | 11/30/2019 Q2 | 8/31/2019 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 353 | 391 | 367 | 344 | 328 | 314 | 291 | ||
| Cash and cash equivalents | 73 | 114 | 61 | 66 | 51 | 66 | 56 | ||
| Short-term investments | 280 | 277 | 307 | 277 | 277 | 247 | 235 | ||
| Receivables | 87 | 80 | 78 | 85 | 81 | 85 | 79 | ||
| Inventory, net of allowances, customer advances and progress billings | 99 | 93 | 98 | 95 | 89 | 86 | 88 | ||
| Inventory | 99 | 93 | 98 | 95 | 89 | 86 | 88 | ||
| Other undisclosed current assets | 15 | 15 | 14 | 14 | 17 | 15 | 16 | ||
| Total current assets: | 555 | 578 | 557 | 537 | 515 | 500 | 474 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1 | 2 | 2 | ||||||
| Property, plant and equipment | 98 | 84 | 81 | 79 | 78 | 77 | 75 | ||
| Intangible assets, net (including goodwill) | 226 | 182 | 183 | 180 | 173 | 172 | |||
| Goodwill | 133 | 112 | 112 | 110 | 104 | 103 | |||
| Intangible assets, net (excluding goodwill) | 93 | 70 | 71 | 70 | 70 | 70 | |||
| Other noncurrent assets | 181 | ||||||||
| Total noncurrent assets: | 325 | 267 | 265 | 260 | 259 | 250 | 248 | ||
| TOTAL ASSETS: | 880 | 846 | 822 | 797 | 774 | 751 | 721 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 46 | 45 | 46 | 48 | 39 | 39 | 40 | ||
| Accounts payable | 23 | 21 | 23 | 26 | 19 | 20 | 18 | ||
| Accrued liabilities | 15 | 15 | 14 | 14 | 13 | 13 | 13 | ||
| Employee-related liabilities | 8 | 8 | 6 | 8 | 6 | 6 | 5 | ||
| Taxes payable | 0 | 5 | 1 | 1 | 1 | 4 | |||
| Total current liabilities: | 46 | 45 | 46 | 48 | 39 | 39 | 40 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1 | 1 | 1 | 1 | |||||
| Operating lease, liability | 1 | 1 | 1 | 1 | |||||
| Liabilities, other than long-term debt | 27 | 24 | 24 | 5 | 6 | 5 | 5 | ||
| Deferred income tax liabilities | 21 | 18 | 18 | ||||||
| Other liabilities | 5 | 5 | 5 | 5 | 6 | 5 | 5 | ||
| Other undisclosed noncurrent liabilities | 17 | 15 | 14 | 15 | |||||
| Total noncurrent liabilities: | 27 | 24 | 24 | 24 | 22 | 21 | 20 | ||
| Total liabilities: | 73 | 68 | 70 | 72 | 62 | 60 | 61 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 808 | 777 | 752 | 725 | 712 | 691 | 660 | ||
| Common stock | 9 | 9 | 8 | 8 | 8 | 8 | 8 | ||
| Additional paid in capital | 290 | 273 | 264 | 258 | 255 | 244 | 232 | ||
| Accumulated other comprehensive loss | (15) | (15) | (16) | (20) | (14) | (12) | (14) | ||
| Retained earnings | 524 | 510 | 495 | 479 | 462 | 450 | 434 | ||
| Total stockholders' equity: | 808 | 777 | 752 | 725 | 712 | 691 | 660 | ||
| TOTAL LIABILITIES AND EQUITY: | 880 | 846 | 822 | 797 | 774 | 751 | 721 | ||
Income statement (P&L) ($ in millions)
| 2/28/2021 Q3 | 11/30/2020 Q2 | 8/31/2020 Q1 | 5/31/2020 Q4 | 2/29/2020 Q3 | 11/30/2019 Q2 | 8/31/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 117 | 115 | 109 | 109 | 100 | 108 | 101 | |
| Cost of revenue (Cost of Goods and Services Sold) | (63) | (62) | (59) | (57) | (55) | (57) | (53) | |
| Gross profit: | 54 | 53 | 50 | 52 | 45 | 51 | 48 | |
| Operating expenses | (38) | (34) | (31) | (32) | (32) | (33) | (32) | |
| Operating income: | 16 | 19 | 19 | 20 | 13 | 18 | 16 | |
| Nonoperating income | 0 | 0 | 1 | 1 | 1 | 1 | 1 | |
| Other nonoperating income (expense) | (0) | (0) | 0 | (0) | (0) | (0) | (0) | |
| Income from continuing operations before income taxes: | 16 | 19 | 20 | 21 | 14 | 19 | 18 | |
| Income tax expense | (3) | (3) | (4) | (5) | (2) | (3) | (3) | |
| Net income available to common stockholders, diluted: | 13 | 16 | 16 | 16 | 12 | 16 | 15 | |
Comprehensive Income ($ in millions)
| 2/28/2021 Q3 | 11/30/2020 Q2 | 8/31/2020 Q1 | 5/31/2020 Q4 | 2/29/2020 Q3 | 11/30/2019 Q2 | 8/31/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 13 | 16 | 16 | 16 | 12 | 16 | 15 | |
| Other comprehensive income (loss) | 0 | 1 | 4 | (2) | 2 | (2) | ||
| Other undisclosed comprehensive loss | (8) | |||||||
| Comprehensive income: | 14 | 17 | 20 | 8 | 11 | 18 | 12 | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 2 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 14 | 17 | 20 | 10 | 11 | 18 | 12 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.