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QuidelOrtho (QDEL) FY2020 results: revenue $1.7 billion

QuidelOrtho Corp. (QDEL) reported revenue of $1.7 billion for fiscal 2020, the year ended 3 January 2021. Net income was $810 million, and diluted earnings per share $18.60. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.

Revenue
$1.7 billion
FY2020FY2020
Operating margin
63.8%
FY2020FY2020
Net income
$810 million
FY2020FY2020
Diluted EPS
$18.60
FY2020FY2020

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2020Last 8 years
Revenue1,662
Cost of revenue305
Gross profit1,356
Gross margin81.6%
Research and development84.3
Selling, general and administrative181
Operating income1,060
Operating margin63.8%
Pre-tax income1,040
Income tax230
Effective tax rate22.1%
Net income810
Net margin48.8%
Diluted EPS$18.60
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2020Last 8 years
Operating cash flow630
Capital expenditure64.9
Free cash flow565
Free cash flow margin34.0%
Cash from investing-63.3
Cash from financing-130
Depreciation and amortisation48.8
Share-based compensation21.0
Buybacks43.7
Diluted shares, weighted44m

Balance sheet

$ millionFY2020Last 8 years
Shareholders' equity1,333
Cash and equivalents490

10-K for the year ended 3 January 2021, filed 23 February 2023: the filing.