Bio-Techne Corp (TECH) financial statements (2021 and earlier)

Company profile

Business Address 614 MCKINLEY PL N E
MINNEAPOLIS, MN 55413
State of Incorp. MN
Fiscal Year End June 30
SIC 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments166147101122158
Cash and cash equivalents16614710112292
Short-term investments    66
Receivables128123137120117
Inventory, net of allowances, customer advances and progress billings107103918660
Inventory107103918660
Other current assets2424181113
Other undisclosed current assets1171246560 
Total current assets:542521413398348
Noncurrent Assets
Operating lease, right-of-use asset6871
Property, plant and equipment196177154145135
Intangible assets, net (including goodwill)1,2511,2451,3121,0441,031
Goodwill747728733598579
Intangible assets, net (excluding goodwill)504517579446452
Other noncurrent assets11146544
Total noncurrent assets:1,5261,5071,4721,1951,210
TOTAL ASSETS:2,0682,0281,8841,5931,558
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7466777264
Accounts payable2423161817
Accrued liabilities149262119
Employee-related liabilities3231292427
Taxes payable42692
Deferred revenue13139
Debt131313  
Business combination, contingent consideration, liability563 65
Deferred revenue and credits 6
Other liabilities3    
Other undisclosed current liabilities1010 7 
Total current liabilities:11810710280136
Noncurrent Liabilities
Long-term debt and lease obligation, including:219344493339344
Operating lease, liability6467
Other undisclosed long-term debt and lease obligation155277493339344
Liabilities, other than long-term debt1371283496129
Deferred tax liabilities, net 86121
Deferred income tax liabilities105101
Other liabilities26272595
Business combination, contingent consideration, liability609 3
Other undisclosed noncurrent liabilities64    
Total noncurrent liabilities:419472527435473
Total liabilities:537579629514609
Stockholders' equity
Stockholders' equity attributable to parent1,5221,3811,1661,079950
Common stock00000
Additional paid in capital481421317247199
Accumulated other comprehensive loss(64)(97)(84)(45)(49)
Retained earnings1,1051,057932877799
Stockholders' equity attributable to noncontrolling interest9    
Total stockholders' equity:1,5311,3811,1661,079950
Other undisclosed liabilities and equity 6790  
TOTAL LIABILITIES AND EQUITY:2,0682,0281,8841,5931,558

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Revenues799739714643563
Revenue, net 563
Cost of revenue
(Cost of Goods and Services Sold)
(267)(255)(241)(211)(188)
Gross profit:532483473432375
Operating expenses(345)(326)(327)(296)(254)
Operating income:187157147136121
Nonoperating income (expense)17119(35)(10)(9)
Other nonoperating income (expense)34138(14)(0)(2)
Interest and debt expense(17)(19)(22)(10)(7)
Income from continuing operations before equity method investments, income taxes:18725790116105
Other undisclosed income from continuing operations before income taxes171922107
Income from continuing operations before income taxes:204276112126112
Income tax expense (benefit)(29)(47)(16)0(36)
Net income:1752299612676
Net income attributable to noncontrolling interest0    
Other undisclosed net loss attributable to parent  (0)  
Net income attributable to parent:1752299612676
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)
Net income available to common stockholders, diluted:1752299612676

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Net income:1752299612676
Other comprehensive income19   21
Comprehensive income:1942299612698
Comprehensive income, net of tax, attributable to noncontrolling interest0    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)(14)(14)4 
Comprehensive income, net of tax, attributable to parent:1892168213098

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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