IDEXX Laboratories, Inc.

IDXX

IDXXIDEXX Laboratories, Inc. US flag

NASDAQ Global Select

560.73

USD

+9.91

- -

44.23BMarket Cap

Income Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	1,219	1,293	1,377	1,486	1,602	1,775	1,969	2,213	2,407	2,707	3,215	3,367	3,661	3,898	4,304
+ Sales & Services Revenue	1,219	1,293	1,377	1,486	1,602	1,775	1,969	2,213	2,407	2,707	3,215	3,367	3,661	3,898	4,304
- Cost of Revenue	572	594	621	670	712	800	872	972	1,041	1,136	1,326	1,363	1,471	1,519	1,644
+ Cost of Goods & Services	572	594	621	670	712	800	872	972	1,041	1,136	1,326	1,363	1,471	1,519	1,644
Gross Profit	647	699	756	816	890	975	1,097	1,242	1,366	1,571	1,889	2,004	2,190	2,379	2,660
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	410	437	489	556	582	625	684	750	813	877	957	1,106	1,093	1,251	1,300
+ Selling, General & Admin	334	355	401	458	482	524	575	632	680	735	796	851	902	1,031	1,048
+ Research & Development	76	82	88	98	100	101	109	118	133	141	161	255	191	220	251
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	236	263	267	260	308	350	413	491	553	695	932	899	1,097	1,128	1,360
- Non-Operating (Income) Loss	2	2	4	14	35	28	32	34	31	33	29	39	36	19	36
+ Interest Expense, Net	2	2	4	14	27	28	32	34	31	33	29	39	36	19	36
+ Interest Expense	4	4	5	15	29	32	37	35	31	33	30	40	42	31	39
- Interest Income	2	2	2	2	2	4	5	1	- -	1	- -	1	6	13	3
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Income	234	261	263	247	273	322	381	458	522	662	903	860	1,061	1,110	1,324
- Income Tax Expense (Benefit)	73	82	75	65	81	100	118	81	94	80	158	181	216	222	265
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	162	178	188	182	192	222	263	377	428	582	745	679	845	888	1,059
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	162	178	188	182	192	222	263	377	428	581	745	679	845	888	1,059
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	162	178	188	182	192	222	263	377	428	582	745	679	845	888	1,059
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	162	178	188	182	192	222	263	377	428	582	745	679	845	888	1,059
EBIT	236	263	267	260	308	350	413	491	553	695	932	899	1,097	1,128	1,360
EBITDA	284	315	321	319	377	428	496	575	641	791	1,037	1,011	1,212	1,258	1,505
EBITDA Margin (%)	23.34	24.35	23.34	21.48	23.54	24.13	25.2	25.96	26.63	29.21	32.24	30.01	33.11	32.28	34.97
EBITA	236	263	267	260	308	350	413	491	553	695	932	899	1,097	1,128	1,360
Gross Margin (%)	53.05	54.06	54.91	54.93	55.58	54.94	55.73	56.1	56.73	58.04	58.76	59.52	59.82	61.04	61.8
Operating Margin (%)	19.38	20.3	19.37	17.52	19.24	19.73	20.98	22.2	22.97	25.66	28.99	26.69	29.97	28.95	31.6
Profit Margin (%)	13.28	13.78	13.64	12.24	11.99	12.51	13.36	17.04	17.77	21.49	23.17	20.17	23.08	22.78	24.62
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	48	52	55	59	69	78	83	83	88	96	105	112	115	130	145
Basic Weighted Avg Shares	114	110	106	100	93	90	88	87	86	85	85	84	83	82	80
Basic EPS, GAAP	1.42	1.62	1.77	1.82	2.07	2.47	3	4.34	4.97	6.82	8.74	8.12	10.17	10.77	13.17
Basic EPS from Cont Ops	1.42	1.62	1.77	1.82	2.07	2.47	3	4.34	4.97	6.82	8.74	8.12	10.17	10.77	13.17
Diluted Weighted Avg Shares	116	112	108	102	94	91	90	88	88	87	87	85	84	83	81
Diluted EPS, GAAP	1.39	1.59	1.74	1.79	2.05	2.44	2.94	4.26	4.89	6.71	8.6	8.03	10.06	10.67	13.08
Diluted EPS from Cont Ops	1.39	1.59	1.74	1.79	2.05	2.44	2.94	4.26	4.89	6.71	8.6	8.03	10.06	10.67	13.08

Balance Sheet (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	524	570	653	759	822	846	972	654	680	1,063	956	1,101	1,495	1,400	1,414
+ Cash, Cash Equivalents & STI	184	224	279	323	343	392	472	124	90	384	144	113	454	288	180
+ Cash & Cash Equivalents	184	224	279	323	129	155	188	124	90	384	144	113	454	288	180
+ ST Investments	- -	- -	- -	- -	214	237	284	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	141	138	173	181	200	232	270	273	307	375	426	491	530	561	693
+ Accounts Receivable, Net	141	138	158	152	188	204	235	249	269	331	368	401	457	474	552
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	15	29	12	28	35	24	38	43	57	90	72	88	141
+ Inventories	133	141	133	160	189	158	164	173	195	210	269	368	380	382	378
+ Raw Materials	28	27	24	27	31	28	33	32	41	46	60	93	106	104	96
+ Work In Process	15	16	14	17	19	15	18	17	20	20	26	28	29	32	33
+ Finished Goods	90	98	95	117	139	115	114	124	134	144	182	247	245	246	249
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	66	66	67	95	90	64	66	84	87	94	117	130	132	168	163
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	507	534	578	625	653	685	741	883	1,153	1,232	1,482	1,645	1,765	1,894	1,937
+ Property, Plant & Equip, Net	217	245	281	304	333	357	379	437	614	646	693	768	818	829	871
+ Property, Plant & Equip	422	478	550	604	679	743	812	906	1,133	1,233	1,341	1,474	1,602	1,664	1,796
- Accumulated Depreciation	206	233	269	300	346	385	433	469	519	587	648	706	785	835	926
+ LT Investments & Receivables	12	10	13	11	12	11	10	11	14	12	19	56	56	58	58
+ LT Investments	12	10	13	11	12	11	10	11	14	12	19	56	56	58	58
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	278	279	284	310	308	317	352	435	525	573	770	822	891	1,007	1,008
+ Total Intangible Assets	242	238	239	250	235	224	244	256	298	296	458	459	450	517	524
+ Goodwill	173	175	181	184	179	178	200	214	240	243	359	362	366	405	414
+ Other Intangible Assets	69	63	59	65	56	46	44	42	58	53	99	98	84	112	110
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	36	41	44	61	73	92	109	179	227	278	312	362	440	490	484
Total Assets	1,031	1,104	1,231	1,384	1,475	1,531	1,713	1,537	1,832	2,295	2,437	2,747	3,260	3,293	3,351
+ Payables & Accruals	127	120	116	165	181	205	217	221	253	305	372	380	395	420	401
+ Accounts Payable	37	35	30	45	53	60	67	70	72	75	116	110	111	114	110
+ Accrued Taxes	18	15	17	28	19	24	29	27	31	43	43	49	87	62	89
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	72	69	70	92	110	121	121	125	149	188	213	222	198	244	202
+ ST Debt	244	213	278	549	573	611	655	399	304	68	168	674	345	439	500
+ ST Borrowings	244	213	278	549	573	611	655	399	289	50	148	654	325	418	473
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	15	18	20	20	20	22	27
+ Other ST Liabilities	66	74	84	107	103	118	132	151	169	210	223	181	212	208	248
+ Deferred Revenue	15	20	21	32	26	27	29	41	41	43	40	38	37	34	35
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	51	53	62	75	77	91	103	109	127	168	183	143	174	175	212
Total Current Liabilities	437	406	478	821	857	935	1,005	770	725	583	764	1,236	952	1,068	1,149
+ LT Debt	3	1	150	350	597	593	606	601	766	936	863	796	723	548	476
+ LT Borrowings	3	1	150	350	597	593	606	601	699	858	775	694	623	450	375
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	67	77	87	101	100	98	101
+ Other LT Liabilities	52	60	84	96	105	111	157	175	163	143	121	107	101	83	121
+ Accrued Liabilities	34	36	52	63	76	72	61	90	82	58	50	39	36	38	64
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	18	24	31	32	29	39	96	85	81	86	71	68	66	44	57
Total Noncurrent Liabilities	54	61	234	446	702	704	763	776	929	1,079	984	902	824	630	597
Total Liabilities	491	467	712	1,267	1,559	1,639	1,767	1,547	1,655	1,662	1,747	2,138	1,775	1,698	1,745
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	712	767	835	898	951	1,022	1,084	1,149	1,224	1,305	1,388	1,474	1,580	1,685	1,838
+ Common Stock	10	10	10	10	10	10	10	11	11	11	11	11	11	11	11
+ Additional Paid in Capital	703	757	825	888	941	1,012	1,074	1,138	1,214	1,295	1,377	1,463	1,570	1,674	1,827
- Treasury Stock	1,320	1,457	1,829	2,453	1,316	1,633	1,912	2,289	2,601	2,800	3,571	4,392	4,475	5,334	6,561
+ Retained Earnings	1,127	1,306	1,493	1,675	318	540	804	1,168	1,596	2,176	2,920	3,600	4,445	5,332	6,392
+ Other Equity	15	16	14	-8	-42	-43	-36	-42	-46	-54	-53	-78	-71	-94	-69
Equity Before Minority Interest	540	636	518	118	-84	-108	-54	-10	177	632	690	609	1,485	1,595	1,605
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -
Total Equity	540	636	518	118	-84	-108	-54	-9	178	633	690	609	1,485	1,595	1,605
Total Liabilities & Equity	1,031	1,104	1,231	1,384	1,475	1,531	1,713	1,537	1,832	2,295	2,437	2,747	3,260	3,293	3,351
Shares Outstanding	110	109	103	95	90	88	87	86	85	85	85	83	83	82	80
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	83	95	107	122	119	119	128
Net Debt	63	-9	149	576	1,041	1,049	1,073	876	897	525	779	1,236	494	579	668
Net Debt to Equity	11.59	-1.49	28.82	490.24	-1,239.47	-969.58	-1,993.61	-9,493.03	504.62	82.89	112.94	203.01	33.27	36.31	41.6
Tangible Common Equity Ratio	37.74	46.02	28.13	-11.63	-25.71	-25.46	-20.25	-20.73	-7.85	16.86	11.7	6.53	36.81	38.84	38.26
Current Ratio	1.2	1.4	1.36	0.93	0.96	0.9	0.97	0.85	0.94	1.82	1.25	0.89	1.57	1.31	1.23
Cash Conversion Cycle	103.66	101.85	100.51	98.62	104.35	92.77	81.78	77.87	79.51	82.3	80.51	98.69	108.42	108.2	102.83

Cash Flow Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	162	178	188	182	192	222	263	377	428	582	745	679	845	888	1,059
+ Depreciation & Amortization	48	52	55	59	69	78	83	83	88	96	105	112	115	130	145
+ Non-Cash Items	4	-3	7	5	25	31	18	31	48	2	44	26	19	44	205
+ Stock-Based Compensation	15	16	17	18	20	20	24	25	39	31	38	50	60	60	60
+ Deferred Income Taxes	6	-2	2	1	5	21	-8	1	6	-38	-3	-35	-48	-24	131
+ Asset Impairment Charge	- -	- -	- -	- -	8	2	- -	3	1	3	5	2	1	- -	- -
+ Other Non-Cash Adj	-17	-17	-12	-14	-8	-12	3	3	2	6	4	8	6	8	13
+ Chg in Non-Cash Work Cap	4	-6	-3	-10	-64	7	8	-92	-105	-32	-138	-274	-72	-133	-228
+ (Inc) Dec in Accts Receiv	-25	3	-16	-4	-50	-23	-25	-18	-22	-61	-33	-41	-54	-28	-69
+ (Inc) Dec in Inventories	-8	-17	-1	-38	-35	8	-19	-26	-37	-19	-53	-122	-29	-28	-1
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	30	-3	-4	7	-2	2	1	- -	2	1	11	3	-1	8	-9
+ Inc (Dec) in Other	6	11	19	26	23	20	51	-47	-47	47	-63	-114	11	-85	-149
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	218	222	246	236	222	339	373	400	459	648	756	543	907	929	1,182
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-51	-59	-79	-61	-83	-65	-77	-123	-155	-108	-120	-159	-134	-131	-138
+ Acq of Fixed Prod Assets	-50	-58	-78	-61	-83	-65	-74	-116	-155	-107	-120	-149	-134	-121	-125
+ Acq of Intangible Assets	-1	-1	-1	- -	- -	- -	-2	-7	- -	-1	- -	-10	- -	-10	-14
+ Cash (Repurchase) of Equity	-256	-132	-368	-618	-402	-304	-283	-369	-302	-183	-747	-820	-72	-837	-1,217
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-256	-132	-368	-618	-402	-304	-283	-369	-302	-183	-747	-820	-72	-837	-1,217
+ Net Change in LT Investment	- -	- -	- -	- -	-215	-24	-47	284	- -	- -	- -	- -	8	2	3
+ Dec in LT Investment	- -	- -	- -	- -	57	204	287	284	- -	- -	- -	- -	8	2	3
+ Inc in LT Investment	- -	- -	- -	- -	-272	-228	-334	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-44	- -	-7	-20	-10	-2	-15	-22	-50	-2	-173	-12	- -	-77	- -
+ Cash from Divestitures	3	3	4	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-47	-3	-11	-25	-10	-2	-15	-22	-50	-2	-173	-12	- -	-77	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-25	- -	-1	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-94	-58	-86	-80	-308	-91	-139	139	-206	-109	-293	-195	-125	-207	-136
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	113	-32	214	471	274	38	44	-256	-10	-90	24	430	-75	-75	-178
+ Cash From Debt	114	- -	215	472	274	38	44	- -	100	200	74	506	- -	- -	250
+ Repayments of Debt	-1	-32	-1	-1	- -	- -	- -	-256	-110	-290	-50	-75	-75	-75	-428
+ Other Financing Activities	45	39	51	44	27	44	31	28	26	24	26	18	-295	34	230
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-98	-125	-102	-103	-101	-222	-208	-598	-286	-248	-697	-371	-442	-878	-1,165
Effect of Foreign Exchange Rates	1	1	-2	-9	-6	- -	6	-5	-1	3	-5	-9	2	-10	11
Net Changes in Cash	26	39	57	52	-188	26	27	-59	-33	290	-235	-23	339	-156	-119
EBITDA	284	315	321	319	377	428	496	575	641	791	1,037	1,011	1,212	1,258	1,505
EBITDA Margin (%)	23.34	24.35	23.34	21.48	23.54	24.13	25.2	25.96	26.63	29.21	32.24	30.01	33.11	32.28	34.97
Free Cash Flow	167	164	167	175	139	274	297	277	304	540	636	384	773	798	1,044
Net Cash Paid for Acquisitions	44	- -	7	20	10	2	15	22	50	2	173	12	- -	77	- -
Free Cash Flow to Firm	170	167	171	187	159	296	322	306	329	569	661	416	806	823	1,075
Free Cash Flow to Equity	282	133	382	646	413	312	343	28	294	451	659	825	698	733	879
Free Cash Flow per Basic Share	1.47	1.49	1.57	1.75	1.5	3.06	3.38	3.19	3.53	6.33	7.46	4.59	9.3	9.68	12.98
Price/Free Cash Flow	16.68	18.55	17.69	25.38	22.41	26.4	31.13	31.47	37.21	57.35	65.14	49.18	44.81	32.47	41.53
Cash Flow to Net Income	1.35	1.25	1.31	1.3	1.15	1.53	1.42	1.06	1.07	1.11	1.01	0.8	1.07	1.05	1.12
Capital Expenditures	-51	-59	-79	-61	-83	-65	-77	-123	-155	-108	-120	-159	-134	-131	-138