Beckman Coulter Announces Fourth Quarter and Full Year 2008 Results; Earnings Outlook Achieved on Strong Fu...(DENSED CONSOLIDATED STATEMENTS OF EARNIN...)
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Beckman Coulter Announces Fourth Quarter and Full Year 2008 Results; Earnings Outlook Achieved on Strong Fundamentals
Date:2/9/2009
DENSED CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except amounts per share and share data) (unaudited) Quarter Ended Year Ended December 31, December 31, ---------------- ---------------- 2008 2007 2008 2007 ---- ---- ---- ---- Recurring revenue - supplies, service and lease payments $610.0 $580.5 $2,402.6 $2,178.4 Cash instrument sales 201.3 208.5 696.3 582.9 ----- ----- ----- ----- Total revenue 811.3 789.0 3,098.9 2,761.3 ----- ----- ------- ------- Cost of recurring revenue 271.1 252.5 1,086.4 962.4 Cost of cash instrument sales 154.5 167.0 570.4 503.7 ----- ----- ----- ----- Total cost of sales 425.6 419.5 1,656.8 1,466.1 ----- ----- ------- ------- Gross profit 385.7 369.5 1,442.1 1,295.2 ----- ----- ------- ------- Operating costs and expenses Selling, general and administrative 197.5 193.2 823.0 731.1 Research and development 64.9 97.5 280.1 274.0 Environmental remediation - - 19.0 - Restructuring 8.2 4.2 21.4 17.7 --- --- ---- ---- Total
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