10-Q Filing

BIO-TECHNE CORP CIK: 842023 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-047842`
Period End Date	20110331
Filing Date	20110510
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	tech-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 76 Cash Flow Statement 68

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$160.94M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$158.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.24M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.14M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Short-term available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$55.27M	USD	Point-in-time
Short-term available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$44.67M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.12M	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$30.85M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$35.55M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.12M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.75M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Other receivables	`InterestReceivableCurrent`	$1.96M	USD	Point-in-time
Other receivables	`InterestReceivableCurrent`	$1.53M	USD	Point-in-time
Inventories	`InventoryNet`	$13.62M	USD	Point-in-time
Inventories	`InventoryNet`	$13.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$10.84M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$13.38M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$976.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$858.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$201.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$276.73M	USD	Point-in-time
Available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$171.17M	USD	Point-in-time
Available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$163.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$97.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$94.14M	USD	Point-in-time
Goodwill	`Goodwill`	$25.07M	USD	Point-in-time
Goodwill	`Goodwill`	$25.07M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.53M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.04M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$539.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.01M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$19.82M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$20.56M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$523.00K	USD	Point-in-time
Total Assets	`Assets`	$582.82M	USD	Point-in-time
Total Assets	`Assets`	$518.82M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$5.03M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$5.23M	USD	Point-in-time
Salaries, wages and related accruals	`EmployeeRelatedLiabilitiesCurrent`	$3.78M	USD	Point-in-time
Salaries, wages and related accruals	`EmployeeRelatedLiabilitiesCurrent`	$4.91M	USD	Point-in-time
Other accounts payable and accrued expenses	`AccruedLiabilitiesCurrent`	$4.38M	USD	Point-in-time
Other accounts payable and accrued expenses	`AccruedLiabilitiesCurrent`	$2.50M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.64M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.02M	USD	Point-in-time
Common stock, par value $.01 per share; authorized 100,000,000; issued and outstanding 37,119,243 and 37,033,474, respectively	`CommonStockValue`	$370.00K	USD	Point-in-time
Common stock, par value $.01 per share; authorized 100,000,000; issued and outstanding 37,119,243 and 37,033,474, respectively	`CommonStockValue`	$371.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$122.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$127.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$454.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$400.12M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.23M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$501.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$566.28M	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$582.82M	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$518.82M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$211.92M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$70.28M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$202.33M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$76.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$14.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$15.83M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$40.63M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$46.29M	USD	3 Qtrs
Gross margin	`GrossProfit`	$165.63M	USD	3 Qtrs
Gross margin	`GrossProfit`	$161.70M	USD	3 Qtrs
Gross margin	`GrossProfit`	$60.44M	USD	1 Quarter
Gross margin	`GrossProfit`	$55.88M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.23M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.67M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$25.15M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$24.71M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$19.52M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$18.87M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$6.33M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$6.30M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$511.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$720.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$240.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$170.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$44.30M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$45.18M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$14.23M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$41.65M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$117.40M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$44.74M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$120.45M	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$1.04M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$3.36M	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$2.93M	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$1.07M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-1.25M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-1.38M	USD	3 Qtrs
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-2.92M	USD	3 Qtrs
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-421.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$646.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.56M	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-209.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$442.00K	USD	3 Qtrs
Earnings before income taxes	`EarningsBeforeIncomeTaxes`	$41.44M	USD	1 Quarter
Earnings before income taxes	`EarningsBeforeIncomeTaxes`	$122.01M	USD	3 Qtrs
Earnings before income taxes	`EarningsBeforeIncomeTaxes`	$117.84M	USD	3 Qtrs
Earnings before income taxes	`EarningsBeforeIncomeTaxes`	$45.38M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$38.04M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$33.96M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$14.32M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$9.05M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$83.88M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$83.97M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$31.06M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$32.39M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.84	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.25	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$2.26	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.26	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.87	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.25	USD	3 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.77	USD	3 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.26	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.80	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.29M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.26M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.08M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.12M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.19M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.36M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.15M	shares	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$83.88M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$83.97M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$31.06M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$32.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.94M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.44M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.19M	USD	3 Qtrs
Stock-based compensation expense	`StockOptionPlanExpense`	$937.00K	USD	3 Qtrs
Stock-based compensation expense	`StockOptionPlanExpense`	$960.00K	USD	3 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$419.00K	USD	3 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$177.00K	USD	3 Qtrs
Losses by equity method investees	`IncomeLossFromEquityMethodInvestments`	$-1.20M	USD	3 Qtrs
Losses by equity method investees	`IncomeLossFromEquityMethodInvestments`	$-744.00K	USD	3 Qtrs
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$106.00K	USD	3 Qtrs
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$230.00K	USD	3 Qtrs
Trade accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$5.97M	USD	3 Qtrs
Trade accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$5.86M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$17.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.68M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$347.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-137.00K	USD	3 Qtrs
Trade accounts and other accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$347.00K	USD	3 Qtrs
Trade accounts and other accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-325.00K	USD	3 Qtrs
Salaries, wages and related accruals	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.39M	USD	3 Qtrs
Salaries, wages and related accruals	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$673.00K	USD	3 Qtrs
Income taxes payable/receivable	`IncreaseAndDecreaseInIncomeTaxesReceivableAndPayable`	$1.93M	USD	3 Qtrs
Income taxes payable/receivable	`IncreaseAndDecreaseInIncomeTaxesReceivableAndPayable`	$-1.48M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$79.48M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$92.52M	USD	3 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.52M	USD	3 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.36M	USD	3 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$124.13M	USD	3 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$131.52M	USD	3 Qtrs
Proceeds from sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$7.59M	USD	3 Qtrs
Proceeds from sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$97.64M	USD	3 Qtrs
Proceeds from maturities of available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$31.85M	USD	3 Qtrs
Proceeds from maturities of available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$26.43M	USD	3 Qtrs
Increase in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$807.00K	USD	3 Qtrs
Increase in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Distribution from unconsolidated entity	`DistributionFromUnconsolidatedEntity`	$50.00K	USD	3 Qtrs
Distribution from unconsolidated entity	`DistributionFromUnconsolidatedEntity`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.20M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-93.58M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$3.04M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$3.43M	USD	3 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$177.00K	USD	3 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$419.00K	USD	3 Qtrs
Purchase of common stock for stock bonus plans	`PurchaseOfCommonStockForStockBonusPlans`	$294.00K	USD	3 Qtrs
Purchase of common stock for stock bonus plans	`PurchaseOfCommonStockForStockBonusPlans`	$607.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.40M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.94M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$28.70M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$29.66M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.48M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-28.05M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-11.12M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.22M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-52.70M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$64.49M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$160.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$158.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$108.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$160.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$158.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$108.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.14M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.