BIO-RAD LABORATORIES, INC.

10-K & 10-Q Filings

Bio-Rad Laboratories, Inc. is a multinational manufacturer and distributor of life science research and clinical diagnostics products. The company operates in two industry segments: Life Science and Clinical Diagnostics. The Life Science segment focuses on developing, manufacturing, and marketing a broad portfolio of products used in research laboratories and biopharmaceutical manufacturing. The Clinical Diagnostics segment provides test systems, informatics systems, test kits, and specialized quality controls for clinical laboratories. Bio-Rad's customer base includes universities, hospitals, diagnostic manufacturers, biotechnology and pharmaceutical companies, and food industries. The company's website is www.bio-rad.com, and its ticker symbol is BIO and BIOB.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$2073.53
2069.24
2132.69
2175.04
2019.44
2068.17
2160.15
2289.41
2311.66
2545.63
2922.55
2802.25
2671.26
2.13%-4.67%Cost of Revenue (-)
$895.64
915.10
954.22
996.53
897.77
930.09
972.75
1066.26
1054.66
1107.80
1281.88
1234.92
1244.32
2.78%0.76%Gross Profit (+)
$1177.89
1154.14
1178.48
1178.52
1121.67
1138.09
1187.40
1223.15
1257.00
1437.82
1640.66
1567.33
1426.95
1.61%-8.96%Selling, General & Administrative (-)
$696.29
682.90
798.07
808.20
761.99
816.72
808.94
834.78
824.63
800.27
879.57
827.83
841.72
1.59%1.68%Research & Development (-)
$186.44
214.04
210.95
220.33
192.97
205.86
250.30
199.20
202.71
226.60
271.66
256.89
247.43
2.39%-3.68%Non-recurring Operating Expenses (-)
$
62.30
11.51
292.51
Operating Expenses (-)
$882.73
896.94
1009.02
1028.53
954.96
1084.89
1070.75
1326.49
1027.34
1026.87
1151.23
1084.71
1089.15
1.77%0.41%Costs & Expenses (Total) (-)
$1778.37
1812.03
1963.24
2025.06
1852.73
2014.98
2043.50
2392.76
2082.00
2134.67
2433.11
2319.63
2333.47
2.29%0.60%Operating Income/Loss (+)
$295.16
257.20
169.46
149.98
166.71
53.19
116.65
-103.34
229.66
410.96
489.43
482.62
337.80
1.13%-30.01%Non-operating Income/Expense (+)
$-6.26
16.84
4.20
3.70
0.83
10.31
3.07
639.96
2054.84
4518.54
4950.27
-5148.77
-1138.46
77.89%Interest Expense (-)
$53.13
51.11
61.27
22.13
21.69
21.94
21.91
23.96
23.42
21.86
1.55
38.11
49.44
-0.60%29.71%Earnings before Tax (+)
$235.76
222.93
112.39
131.56
145.85
41.56
97.81
512.66
2261.08
4907.64
5438.15
-4704.27
-850.10
81.93%Tax Expense (-)
$57.74
59.08
34.57
42.71
32.75
13.44
-24.44
147.04
502.41
1101.37
1192.25
-1076.74
-212.78
80.24%Income/Loss (Continuing Operations) (+)
$178.02
163.85
77.81
88.84
113.09
28.13
122.25
365.61
1758.68
3806.27
4245.90
-3627.53
-637.32
82.43%Profit/Loss (+)
$178.02
163.85
77.81
88.84
113.09
Net Income/Loss (NCI) (-)
$-0.20
0.07
0.02
Net Income/Loss (+)
$178.22
163.78
77.79
88.84
113.09
28.13
122.25
365.61
1758.67
3806.27
4245.90
-3627.53
-637.32
82.43%Net Income/Loss (Common) (+)
$178.22
163.78
77.79
88.84
113.09
28.13
122.25
365.61
1758.67
3806.27
4245.90
-3627.53
-637.32
82.43%EPS (Basic)
$6.36
5.79
2.72
3.08
3.87
0.96
4.12
12.25
58.93
127.86
142.33
-121.79
-21.82
82.08%EPS (Diluted)
$6.26
5.72
2.69
3.05
3.85
0.95
4.07
12.10
58.27
126.20
140.56
-121.79
-21.82
82.08%Weighted Avg Shares (Basic)
28.03
28.29
28.59
28.88
29.19
29.44
29.66
29.84
29.84
29.77
29.83
29.79
29.21
0.34%-1.93%Weighted Avg Shares (Diluted)
28.47
28.64
28.91
29.13
29.41
29.65
30.03
30.23
30.18
30.16
30.21
29.79
29.21
0.21%-1.93%Cash
$574.23
463.39
331.55
413.25
461.76
460.82
389.38
437.09
666.23
667.76
476.34
439.77
409.38
-2.78%-6.91%Short-term Investments
$238.88
457.69
277.37
284.38
328.72
383.18
371.15
413.27
453.97
328.91
399.13
1356.46
1203.33
14.42%-11.29%Receivables
$398.67
398.74
422.66
377.64
391.49
372.35
464.85
392.44
392.67
399.62
423.54
494.64
489.02
1.72%-1.14%Inventory
$433.51
448.37
501.29
471.00
490.22
524.96
594.80
583.82
554.01
622.25
572.24
719.32
780.52
5.02%8.51%Prepaid Expenses (Current)
$99.08
104.00
135.97
108.35
94.37
91.01
146.13
187.25
102.33
90.62
107.75
124.18
140.04
2.93%12.77%Other Assets (Current)
$53.78
57.75
79.02
61.75
11.04
12.20
10.32
9.62
10.94
10.86
10.09
23.60
26.05
-5.86%10.38%Assets (Current)
$1798.15
1929.93
1747.86
1716.37
1777.60
1844.52
1976.65
2023.48
2180.16
2139.84
1989.09
3157.98
3048.33
4.50%-3.47%Securities & Long-term Investments
$
377.87
389.31
719.84
830.79
1027.74
2655.71
4638.20
9561.14
14387.01
8830.89
7698.07
-12.83%Property, Plant & Equipment (Net)
$349.50
416.94
429.36
428.84
437.69
488.61
493.50
508.69
499.34
491.37
490.95
498.61
529.01
3.51%6.10%Accumulated Depreciation
$532.41
595.10
657.96
660.26
679.40
738.77
811.65
818.14
882.83
961.39
997.62
1009.41
Goodwill & Intangibles
$728.43
756.36
783.96
754.67
709.97
638.72
680.18
352.89
409.66
491.41
601.28
738.63
734.08
0.06%-0.62%Other Assets
$220.72
333.53
49.75
52.10
66.44
47.85
94.95
70.30
79.64
86.72
102.67
94.60
289.58
2.29%206.11%Assets (Non-current)
$1298.65
1506.82
1640.93
1624.91
1933.95
2005.98
2296.36
3587.59
5828.70
10832.78
15786.71
10343.69
9250.74
17.78%-10.57%Assets (Total)
$3096.80
3436.75
3388.79
3341.28
3711.54
3850.50
4273.01
5611.07
8008.86
12972.62
17775.79
13501.67
12299.07
12.18%-8.91%Accounts Payable
$293.97
299.12
312.72
317.20
309.59
324.60
346.75
322.15
323.38
419.66
465.23
362.26
320.31
0.72%-11.58%Debt (Current)
$0.81
1.75
1.79
0.27
0.30
0.33
0.42
0.49
461.54
1.80
0.49
0.47
0.49
-4.21%4.52%Other Liabilities (Current)
$164.33
169.05
172.96
129.30
131.47
146.39
155.52
128.15
120.58
210.08
215.22
205.98
202.00
1.73%-1.93%Liabilities (Current)
$459.12
469.92
487.47
446.76
441.35
471.32
502.70
450.80
905.50
631.54
680.94
568.71
522.80
1.09%-8.07%Debt (Non-current)
$731.70
732.41
435.62
435.71
435.71
434.19
434.58
438.94
189.60
12.26
10.51
1197.72
1199.05
4.20%0.11%Other Liabilities
$161.61
223.15
278.98
273.65
343.98
358.24
405.49
701.00
1158.71
2448.88
3417.21
2119.99
1836.09
22.45%-13.39%Liabilities (Non-current)
$893.31
955.56
714.60
709.36
779.69
792.42
840.07
1139.94
1348.31
2461.14
3427.72
3317.71
3035.14
10.73%-8.52%Liabilities (Total)
$1352.42
1425.48
1202.07
1156.12
1221.04
1263.74
1342.76
1590.74
2253.80
3092.68
4108.66
3886.41
3557.94
8.39%-8.45%Treasury Stock
$
0.10
0.10
0.10
0.10
0.10
0.22
49.13
38.40
99.91
106.29
263.59
632.54
139.97%Retained Earnings
$1359.91
1523.69
1606.12
1694.96
1808.06
1836.18
1830.44
3722.07
5470.78
9268.01
13507.24
9898.20
9260.63
17.33%-6.44%AOCI
$198.69
274.90
340.72
218.94
382.14
417.77
738.79
-46.96
-87.35
282.46
-175.55
-466.82
-336.04
28.02%Shareholder's Equity
$1744.38
2011.27
2186.72
2185.16
2490.50
2586.76
2930.25
4020.33
5755.06
9879.94
13667.13
9615.25
8741.13
14.37%-9.09%Liabilities & Equity
$3096.80
3436.75
3388.79
3341.28
3711.54
3850.50
4273.01
5611.07
8008.86
12972.62
17775.79
13501.67
12299.07
12.18%-8.91%Adjustments to Reconcile Net Income
$-3.17
-2.89
-2.72
-1.35
-3.60
-1.51
Net Cash (Operating)
$259.82
278.90
175.48
273.31
186.21
216.43
103.89
285.49
457.90
575.33
656.52
194.45
374.94
3.10%92.83%Capital Expenditure
$103.09
147.87
112.48
136.25
113.29
141.17
115.04
118.55
89.58
183.26
246.27
212.01
153.97
3.40%-27.38%Net Cash (Investing)
$-383.41
-412.80
-5.42
-190.51
-166.87
-213.88
-175.57
-186.98
-208.89
-60.25
-784.44
-1207.59
20.21
101.67%Increase/Decrease in Debt
$-226.84
-0.62
-300.18
-1.81
-0.28
-0.27
-0.35
-2.96
-0.64
-426.94
-3.02
-0.51
-0.47
8.43%Increase/Decrease in Equity
$14.01
10.51
11.24
14.53
8.24
11.28
4.37
-34.78
-11.54
-79.81
-29.37
-198.12
-410.24
-107.07%Interest Expenses
$56.86
46.37
61.23
20.79
20.79
21.32
21.12
22.70
22.33
21.64
2.25
24.43
47.49
-1.49%94.35%Net Cash (Financing)
$-213.56
12.59
-311.70
11.69
8.58
9.02
0.34
-48.68
-22.76
-523.04
-55.43
973.58
-425.65
-143.72%Cash Taxes Paid
$52.13
87.43
71.14
28.94
31.71
38.44
52.14
62.41
45.08
65.24
134.68
158.26
129.59
7.88%-18.11%Effect of Exchange Rate
$4.84
10.47
9.80
-12.79
16.38
-12.86
-1.09
-0.66
2.24
12.43
-12.64
2.98
0.32
-20.23%-89.23%Increase/Decrease in Cash
$-332.32
-110.84
-131.84
81.70
44.30
-1.28
-72.44
49.18
228.49
4.46
-195.98
-36.59
-30.18
17.53%Cash (Beginning)
$906.55
574.23
463.39
331.55
413.25
457.55
456.26
384.98
434.16
662.65
667.12
471.13
434.54
-5.94%-7.77%Cash (Ending)
$574.23
463.39
331.55
413.25
457.55
456.26
383.82
434.16
662.65
667.12
471.13
434.54
404.37
-2.88%-6.94%NOPAT
$229.89
156.33
62.18
116.99
130.46
3.99
145.80
-90.76
225.08
405.49
477.31
593.08
422.35
5.20%-28.79%Gross Margin %
56.81%
55.78%
55.26%
54.18%
55.54%
55.03%
54.97%
53.43%
54.38%
56.48%
56.14%
55.93%
53.42%
Operating Margin %
14.23%
12.43%
7.95%
6.90%
8.26%
2.57%
5.40%
-4.51%
9.93%
16.14%
16.75%
17.22%
12.65%
NOPAT Margin %
11.09%
7.55%
2.92%
5.38%
6.46%
0.19%
6.75%
-3.96%
9.74%
15.93%
16.33%
21.16%
15.81%
Net Margin %
8.60%
7.91%
3.65%
4.08%
5.60%
1.36%
5.66%
15.97%
76.08%
149.52%
145.28%
-129.45%
-23.86%
Tax Rate %
22.11%
39.22%
63.30%
22.00%
21.75%
92.50%
-24.99%
12.17%
1.99%
1.33%
2.48%
-22.89%
-25.03%
ROA
7.42%
4.55%
1.83%
3.50%
3.51%
0.10%
3.41%
-1.62%
2.81%
3.13%
2.69%
4.39%
3.43%
ROE
13.18%
7.77%
2.84%
5.35%
5.24%
0.15%
4.98%
-2.26%
3.91%
4.10%
3.49%
6.17%
4.83%
ROIC
12.49%
8.03%
2.98%
5.92%
6.69%
0.21%
6.72%
-4.86%
12.47%
22.22%
24.92%
24.81%
16.77%
Asset Turnover
0.67
0.60
0.63
0.65
0.54
0.54
0.51
0.41
0.29
0.20
0.16
0.21
0.22
Inventory Turnover
2.07
2.04
1.90
2.12
1.83
1.77
1.64
1.83
1.90
1.78
2.24
1.72
1.59
Equity Multiplier
1.78
1.71
1.55
1.53
1.49
1.49
1.46
1.40
1.39
1.31
1.30
1.40
1.41
Current Ratio
3.92
4.11
3.59
3.84
4.03
3.91
3.93
4.49
2.41
3.36
2.92
5.55
5.83
Quick Ratio
2.64
2.81
2.12
2.41
2.68
2.58
2.44
2.76
1.67
2.21
1.91
4.03
4.02
Debt/Equity Ratio
0.42
0.37
0.20
0.20
0.18
0.17
0.15
0.11
0.11
0.00
0.00
0.12
0.14
Interest Coverage Ratio
5.19
5.55
2.77
7.21
8.02
2.50
5.52
-4.55
10.28
18.99
217.43
19.75
7.11
Working Capital/Sales
0.37
0.37
0.41
0.36
0.40
0.39
0.46
0.44
0.39
0.33
0.28
0.41
0.47
R&D/Sales
0.09
0.10
0.10
0.10
0.10
0.10
0.12
0.09
0.09
0.09
0.09
0.09
0.09
Total Payout
$269.69
36.48
350.18
8.08
12.84
10.30
17.10
60.44
34.52
528.38
34.64
223.06
458.20
4.52%105.41%Payout Ratio %
117.31%
23.34%
563.13%
6.91%
9.84%
258.19%
11.73%
66.60%
15.33%
130.31%
7.26%
37.61%
108.49%