Neogen Corporation (NEOG) financial statements (2022 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 thousands)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 381,087343,673267,524210,810143,635107,796
Cash and cash equivalents 75,60266,26941,68883,07477,56755,257
Short-term investments 305,485277,404225,836127,73666,06852,539
Receivables 91,82384,68182,58279,08668,57667,652
Inventory, net of allowances, customer advances and progress billings 100,70195,05385,99276,00573,14464,371
Inventory 100,70195,05385,99276,00573,14464,371
Other undisclosed current assets 17,84013,99913,4319,8887,60610,182
Total current assets: 591,451537,406449,529375,789292,961250,001
Noncurrent Assets
Operating lease, right-of-use asset 2,477 
Property, plant and equipment 100,45378,67174,84773,06961,74854,683
Intangible assets, net (including goodwill) 223,792     
Goodwill 131,476     
Intangible assets, net (excluding goodwill) 92,316     
Other noncurrent assets 2,019181,105171,364169,151173,700147,031
Total noncurrent assets: 328,741259,776246,211242,220235,448201,714
TOTAL ASSETS: 920,192797,182695,740618,009528,409451,715
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 53,59948,48938,25138,68836,00228,598
Accounts payable 23,90025,65019,06320,75016,24415,800
Accrued liabilities 16,60013,64811,50211,70813,8207,812
Employee-related liabilities 11,2517,7357,0856,0655,0024,986
Taxes payable 1,8481,456601165936 
Total current liabilities: 53,59948,48938,25138,68836,00228,598
Noncurrent Liabilities
Long-term debt and lease obligation  913   2,423
Long-term debt, excluding current maturities      2,423
Operating lease, liability  913
Liabilities, other than long-term debt 26,2165,39119,59019,14620,65016,533
Deferred tax liabilities, net15,61814,10317,04816,533
Deferred income tax liabilities 21,917 
Other liabilities 4,2995,3913,9725,0433,602 
Other undisclosed noncurrent liabilities  17,212    
Total noncurrent liabilities: 26,21623,51619,59019,14620,65018,956
Total liabilities: 79,81572,00557,84157,83456,65247,554
Stockholders' equity
Stockholders' equity attributable to parent 840,377725,177637,899560,175471,614404,198
Common stock 17,1958,4718,3558,2786,1126,011
Additional paid in capital 294,953257,693221,937202,572176,779150,000
Accumulated other comprehensive loss (11,375)(19,709)(11,640)(9,746)(7,203)(3,946)
Retained earnings 539,604478,722419,247359,071295,926252,133
Stockholders' equity attributable to noncontrolling interest     143(37)
Total stockholders' equity: 840,377725,177637,899560,175471,757404,161
TOTAL LIABILITIES AND EQUITY: 920,192797,182695,740618,009528,409451,715

Income statement (P&L) ($ in thousands)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues 468,459418,170414,186402,252361,594321,275
Revenue, net 361,594321,275
Cost of revenue
(Cost of Goods and Services Sold)
 (253,403)(221,891)(222,266)(212,000)(189,626)(168,211)
Gross profit: 215,056196,279191,920190,252171,968153,064
Operating expenses (140,887)(128,756)(123,826)(120,058)(107,023)(96,678)
Operating income: 74,16967,52368,09470,19464,94556,386
Nonoperating income (expense) 1,0994,7824,8653,2711,728(873)
Investment income, nonoperating   1501471,009539
Other nonoperating income (expense) (515)(1,210)321,081701(1,412)
Income from continuing operations before income taxes: 75,26872,30572,95973,46566,67355,513
Income tax expense (14,386)(12,830)(12,783)(10,250)(22,700)(18,975)
Net income: 60,88259,47560,17663,21543,97336,538
Net income (loss) attributable to noncontrolling interest    (70)(180)26
Net income available to common stockholders, diluted: 60,88259,47560,17663,14543,79336,564

Comprehensive Income ($ in thousands)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net income: 60,88259,47560,17663,21543,97336,538
Other comprehensive income (loss) 8,334(8,069)(1,894)(2,543)(3,257)(1,504)
Comprehensive income: 69,21651,40658,28260,67240,71635,034
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (70)(180)26
Comprehensive income, net of tax, attributable to parent: 69,21651,40658,28260,60240,53635,060

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.

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