Third quarter revenues in the U.S. of $650 million represented an increase of 7 percent over the prior year period. Revenues outside the U.S. of $732 million represented an increase of 15 percent over the prior year period, including an estimated 7 percent benefit from foreign currency translation.
For the nine-month period ended June 30, 2005, revenues in the U.S. of $1.904 billion represented an increase of 5 percent over the prior year period. Revenues outside of the U.S. of $2.131 billion represented an increase of 14 percent over the prior year period, including an estimated 6 percent benefit from foreign currency translation.
The following analyses of estimated diluted earnings per share from continuing operations for the fourth fiscal quarter and full year exclude specified items and share-based compensation expense that affect the comparability of results between periods.
The Company estimates that fourth fiscal quarter 2005 diluted earnings per share from continuing operations, excluding specified items and share-based compensation expense, will increase in the range of 6 to 9 percent over fourth fiscal quarter 2004 diluted earnings per share from continuing operations of 70 cents.
The Company also estimates that diluted earnings per share from continuing operations for fiscal 2005, excluding specified items and share-based compensation expense, will increase in the range of 16 to 17 percent over fiscal 2004 diluted earnings per share from continuing operations, excluding specified items, of $2.56.
Conference Call Information
A conference call regarding BD’s third fiscal quarter results and its expectations for the fourth fiscal quarter and full fiscal year will be broadcast live on BD’s website, www.bd.com/investors, at 10:00 a.m. (ET) Friday, July 22, 2005. The conference call will be available for replay on BD’s website, www.bd.com/investors, or at 1-800-933-9609 (domestic) and 1-402-530-8098 (international) through the close of business on July 29, 2005.
This news release contains certain non-GAAP financial measures. A reconciliation of these and other measures to the comparable GAAP measures is included in this release and in the attached financial tables.
BD is a medical technology company that serves healthcare institutions, life science researchers, clinical laboratories, industry and the general public. BD manufactures and sells a broad range of medical supplies, devices, laboratory equipment and diagnostic products. For the fiscal year ended September 30, 2004, BD reported total revenues of $4.935 billion.
***
This press release, including the section entitled “Fiscal 2005 Outlook for Fourth Quarter and Full Year,” contains certain estimates and other forward-looking statements (as defined under Federal securities laws) regarding BD’s performance, including future revenues, earnings per share and income, or events or developments that BD expects to occur or anticipates occurring in the future. All such statements are based upon current expectations of BD and involve a number of business risks and uncertainties. Actual results could vary materially from anticipated results described, implied or projected in any forward-looking statement. With respect to forward-looking statements contained herein, factors that could cause actual results to vary materially from any forward-looking statement include, but are not limited to: competitive factors; pricing and market share pressures; changes in interest or foreign currency exchange rates; difficulties inherent in product development and delays in product introductions; changes in regional, national or foreign economic conditions; increases in energy costs and their effect on, among other things, the cost of producing BD’s products; fluctuations in costs and availability of raw materials and in BD’s ability to maintain favorable supplier arrangements and relationships; uncertainties of litigation (as described in BD’s filings with the Securities and Exchange Commission) and changes in healthcare or other governmental regulation; issuance of new or revised accounting standards, as well as other factors discussed in this press release and in BD’s filings with the Securities and Exchange Commission. We do not intend to update any forward-looking statements to reflect events or circumstances after the date hereof except as required by applicable laws or regulations.
BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per-share data)
| Three Months Ended June 30, | |
| 2005 | | 2004 | | % Change | |
| |
| | | | |
REVENUES | $ | 1,381,306 | | $ | 1,242,714 | | 11.2 | |
| | | | | | | | |
Cost of products sold | | 686,764 | (1) | | 615,613 | | 11.6 | |
Selling and administrative | | 365,919 | (1) | | 332,738 | | 10.0 | |
Research and development | | 67,003 | (1) | | 58,498 | | 14.5 | |
Litigation settlement | | — | | | 100,000 | | NM | |
| |
TOTAL OPERATING COSTS | | | | |
AND EXPENSES | | 1,119,686 | | | 1,106,849 | | 1.2 | |
| |
| | | | |
OPERATING INCOME | | 261,620 | | | 135,865 | | 92.6 | |
| | | | | | | | |
Interest expense, net | | (3,561 | ) | | (4,127 | ) | (13.7 | ) |
Other expense, net | | (984 | ) | | (601 | ) | 63.7 | |
| |
| | | | | | | | |
INCOME FROM CONTINUING OPERATIONS BEFORE | | | | |
INCOME TAXES | | 257,075 | | | 131,137 | | 96.0 | |
| | | | | | | | |
Income tax provision | | 67,274 | | | 20,975 | | NM | |
| |
| | | | | | | | |
INCOME FROM CONTINUING OPERATIONS | | 189,801 | | | 110,162 | | 72.3 | |
| | | | | | | | |
LOSS FROM DISCONTINUED OPERATIONS | | | | | | | | |
NET OF INCOME TAX BENEFIT OF $91 IN | | | | | | | | |
2005 AND $509 IN 2004, RESPECTIVELY | | (133 | ) | | (766 | ) | NM | |
| |
| | | | |
NET INCOME | $ | 189,668 | | $ | 109,396 | | 73.4 | |
| |
| | | | | | | | |
EARNINGS PER SHARE | | | | | | | | |
| | | | | | | | |
Basic: | | | | | | | | |
Income from continuing operations | $ | 0.75 | | $ | 0.43 | | 74.4 | |
Loss from discontinued operations | $ | — | | $ | — | | — | |
Net income (2) | $ | 0.75 | | $ | 0.43 | | 74.4 | |
| | | | | | | | |
Diluted: | | | | | | | | |
Income from continuing operations | $ | 0.73 | | $ | 0.42 | | 73.8 | |
Loss from discontinued operations | $ | — | | $ | — | | — | |
Net income (2) | $ | 0.73 | | $ | 0.41 | | 78.0 | |
| | | | | | | | |
| |
| | | | |
AVERAGE SHARES OUTSTANDING | | | | | | | | |
| | | | | | | | |
Basic | | 251,866 | | | 252,433 | | | |
Diluted | | 260,099 | | | 264,336 | | | |
| |
| | | | | | | | |
| |
NM - Not Meaningful |
| |
| |
(1) | Includes share-based compensation expense relating to the early adoption of SFAS No. 123 (revised),“Share-Based Payment” and the equity-based awards granted under the new long-term incentive program. |
| |
(2) | Total per share amounts may not add due to rounding. |
| |
| Page 1 |
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL INFORMATION
Three Months Ended June 30,
(Unaudited; Amounts in thousands, except per-share data)
| 2005 | |
|
| |
| As Reported | | SFAS# 123(revised) Adoption (1) | | Tax Rate Impact (2) | | Excluding Items | |
|
| |
| | | | | | | | | | | | |
Cost of products sold | $ | 686,764 | | $ | (2,385 | ) | $ | — | | $ | 684,379 | |
as a % of revenues | | 49.7 | % | | | | | | | | 49.5 | % |
| | | | | | | | | | | | |
Gross profit | | 694,542 | | | 2,385 | | | — | | | 696,927 | |
as a % of revenues | | 50.3 | % | | | | | | | | 50.5 | % |
| | | | | | | | | | | | |
Selling and administrative | | 365,919 | | | (13,029 | ) | | — | | | 352,890 | |
as a % of revenues | | 26.5 | % | | | | | | | | 25.5 | % |
| | | | | | | | | | | | |
Research and development | | 67,003 | | | (1,465 | ) | | — | | | 65,538 | |
as a % of revenues | | 4.9 | % | | | | | | | | 4.7 | % |
| | | | | | | | | | | | |
Operating Income | | 261,620 | | | 16,879 | | | — | | | 278,499 | |
as a % of revenues | | 18.9 | % | | | | | | | | 20.2 | % |
| | | | | | | | | | | | |
Income taxes | | 67,274 | | | 4,643 | | | (2,059 | ) | | 69,858 | |
effective tax rate | | 26.2 | % | | | | | | | | 25.5 | % |
| | | | | | | | | | | | |
Income from continuing operations | | 189,801 | | | 12,236 | | | 2,059 | | | 204,096 | |
as a % of revenues | | 13.7 | % | | | | | | | | 14.8 | % |
| | | | | | | | | | | | |
Diluted earnings per share | | | | | | | | | | | | |
Income from continuing operations (3) | $ | 0.73 | | $ | 0.05 | | $ | 0.01 | | $ | 0.78 | |
Loss from discontinued operations | $ | — | | $ | — | | $ | — | | $ | — | |
Diluted earnings per share (3) | $ | 0.73 | | $ | 0.05 | | $ | 0.01 | | $ | 0.78 | |
| |
(1) | Relates to the early adoption of SFAS No. 123 (revised), “Share-Based Payment” and the equity-based awards granted under the new long-term incentive program. Fiscal 2004 amounts have not been restated. |
| |
(2) | Represents the effect on diluted earnings per share from continuing operations of tax-related events that caused the tax rate to vary from the expected effective tax rate for the year. The expected effective tax rate for the year, without taking into account the tax impact of item described in note (1) herein, is 25.5%. |
| |
(3) | Total per share amounts may not add due to rounding. |
| |
| 2004 | |
|
| |
| | As Reported | | | Litigation Settlement (4) | | | Excluding Charge | |
|
| |
| | | | | | | | | |
Operating Income | | 135,865 | | | 100,000 | | | 235,865 | |
as a % of revenues | | 10.9 | % | | | | | 19.0 | % |
| | | | | | | | | |
Net Income | | 109,396 | | | 63,000 | | | 172,396 | |
as a % of revenues | | 8.8 | % | | | | | 13.9 | % |
| | | | | | | | | |
Diluted earnings per share | | | | | | | | | |
Income from continuing operations (3) | $ | 0.42 | | $ | 0.24 | | $ | 0.66 | |
Loss from discontinued operations | $ | — | | $ | — | | $ | — | |
Diluted earnings per share (3) | $ | 0.41 | | $ | 0.24 | | $ | 0.65 | |
| |
| |
(3) | Total per share amounts may not add due to rounding. |
| |
(4) | Relates to the fiscal 2004 charge associated with a litigation settlement. |
| |
| Page 2 |
BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per-share data)
| Nine Months Ended June 30, |
| 2005 | | | 2004 | | | % Change | |
| |
| | | | | | | | | | | |
REVENUES | $ | 4,035,205 | | | $ | 3,681,467 | | | | 9.6 | |
| | | | | | | | | | | |
Cost of products sold | | 1,999,283 | | (1) | | 1,879,384 | | (2) | | 6.4 | |
Selling and administrative | | 1,073,346 | | (1) | | 991,198 | | | | 8.3 | |
Research and development | | 195,074 | | (1) | | 176,941 | | | | 10.2 | |
Litigation settlement | | — | | | | 100,000 | | | | NM | |
| |
TOTAL OPERATING COSTS AND EXPENSES | | 3,267,703 | | | | 3,147,523 | | | | 3.8 | |
| |
| | | | | | | | | | | |
OPERATING INCOME | | 767,502 | | | | 533,944 | | | | 43.7 | |
| | | | | | | | | | | |
Interest expense, net | | (17,239 | ) | | | (21,015 | ) | | | (18.0 | ) |
Other (expense) income, net | | (6,087 | ) | | | (4,631 | ) | | | 31.4 | |
| |
| | | | | | | | | | | |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | | 744,176 | | | | 508,298 | | | | 46.4 | |
| | | | | | | | | | | |
Income tax provision | | 173,468 | | | | 109,128 | | | | 59.0 | |
| |
| | | | | | | | | | | |
INCOME FROM CONTINUING OPERATIONS | | 570,708 | | | | 399,170 | | | | 43.0 | |
| | | | | | | | | | | |
INCOME FROM DISCONTINUED OPERATIONS
| | | | | | | | | | | |
NET OF INCOME TAX PROVISION OF $1,547 IN 2005 AND $388 IN 2004, RESPECTIVELY | | 2,461 | | | | 788 | | | | NM | |
| |
| | | | | | | | | | | |
NET INCOME | $ | 573,169 | | | $ | 399,958 | | | | 43.3 | |
| |
| | | | | | | | | | | |
EARNINGS PER SHARE | | | | | | | | | | | |
| | | | | | | | | | | |
Basic: | | | | | | | | | | | |
Income from continuing operations | $ | 2.26 | | | $ | 1.57 | | | | 43.9 | |
Income from discontinued operations | $ | 0.01 | | | $ | — | | | | NM | |
Net income (3) | $ | 2.27 | | | $ | 1.58 | | | | 43.7 | |
| | | | | | | | | | | |
Diluted: | | | | | | | | | | | |
Income from continuing operations | $ | 2.18 | | | $ | 1.51 | | | | 44.4 | |
Income from discontinued operations | $ | 0.01 | | | $ | — | | | | NM | |
Net income (3) | $ | 2.19 | | | $ | 1.51 | | | | 45.0 | |
| |
| |
| | | | | | | | | | | |
AVERAGE SHARES OUTSTANDING | | | | | | | | | | | |
| | | | | | | | | | | |
Basic | | 252,167 | | | | 252,617 | | | | | |
Diluted | | 261,897 | | | | 264,008 | | | | | |
| |
|
NM - - Not Meaningful |
| |
| |
(1) | Includes share-based compensation expense relating to the early adoption of SFAS No. 123 (revised), “Share-Based Payment” and the equity-based awards granted under the new long-term incentive program. |
| |
(2) | Includes a $45,024 charge associated with blood glucose monitoring (BGM) products. |
| |
(3) | Total per share amounts may not add due to rounding. |
Page 3
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL INFORMATION
Nine Months Ended June 30,
(Unaudited; Amounts in thousands, except per-share data)
| 2005 | |
---|
|
| |
| As Reported | | SFAS# 123(revised) Adoption (1) | | Tax Examinations (2) | | Tax Rate Impact (3) | | Excluding Items | |
| |
| |
| | | | | | | | | | | | | | | | |
Cost of products sold | | $ | 1,999,283 | | $ | (6,293 | ) | $ | — | | $ | — | | $ | 1,992,990 | |
as a % of revenues | | | 49.5 | % | | | | | | | | | | | 49.4 | % |
| | | | | | | | | | | | | | | | |
Gross profit | | | 2,035,922 | | | 6,293 | | | — | | | — | | | 2,042,215 | |
as a % of revenues | | | 50.5 | % | | | | | | | | | | | 50.6 | % |
| | | | | | | | | | | | | | | | |
Selling and administrative | | | 1,073,346 | | | (34,884 | ) | | — | | | — | | | 1,038,462 | |
as a % of revenues | | | 26.6 | % | | | | | | | | | | | 25.7 | % |
| | | | | | | | | | | | | | | | |
Research and development | | | 195,074 | | | (3,847 | ) | | — | | | — | | | 191,227 | |
as a % of revenues | | | 4.8 | % | | | | | | | | | | | 4.7 | % |
| | | | | | | | | | | | | | | | |
Operating Income | | | 767,502 | | | 45,024 | | | — | | | — | | | 812,526 | |
as a % of revenues | | | 19.0 | % | | | | | | | | | | | 20.1 | % |
| | | | | | | | | | | | | | | | |
Income taxes | | | 173,468 | | | 12,331 | | | 11,265 | | | 4,181 | | | 201,245 | &n bsp; |
effective tax rate | | | 23.3 | % | | | | | | | | | | | 25.5 | % |
| | | | | | | | | | | | | | | | |
Income from continuing operations | | | 570,708 | | | 32,693 | | | (11,265 | ) | | (4,181 | ) | | 587,955 | |
as a % of revenues | | | 14.1 | % | | | | | | | | | | | 14.6 | % |
| | | | | | | | | | | | | | | | |
Diluted earnings per share | | | | | | | | | |
Income from continuing operations | | $ | 2.18 | | $ | 0.12 | | $ | (0.04 | ) | $ | (0.02 | ) | $ | 2.24 | |
Income from discontinued operations | | $ | 0.01 | | $ | — | | $ | — | | $ | — | | $ | 0.01 | |
Diluted earnings per share | | $ | 2.19 | | $ | 0.12 | | $ | (0.04 | ) | $ | (0.02 | ) | $ | 2.25 | |
| |
| |
(1) | Relates to the early adoption of SFAS No. 123 (revised), “Share-Based Payment” and the equity-based awards granted under the new long-term incentive program. Fiscal 2004 amounts have not been restated. |
| |
(2) | Relates to the reversal of tax reserves in connection with the conclusion of tax examinations in four non-U.S. jurisdictions that occurred in the first quarter. |
| |
(3) | Represents the effect on diluted earnings per share from continuing operations of tax-related events that caused the tax rate to vary from the expected effective tax rate for the year. The expected effective tax rate for the year, without taking into account the tax impact of items described in notes (1) and (2) herein, is 25.5%. |
| |
| | |
| 2004 | |
|
| |
| As Reported | | BGM Charges (4) | | Litigation Settlement (5) | | Excluding Charges | |
|
| |
| | | | | | | | | | | | | |
Gross Profit | | $ | 1,802,083 | | $ | 45,024 | | $ | — | | $ | 1,847,107 | |
as a % of revenues | | | 49.0 | % | | | | | | | | 50.2 | % |
| | | | | | | | | | | | | |
Operating Income | | | 533,944 | | | 45,024 | | | 100,000 | | | 678,968 | |
as a % of revenues | | | 14.5 | % | | | | | | | | 18.4 | % |
| | | | | | | | | | | | | |
Net Income | | | 399,958 | | | 27,915 | | | 63,000 | | | 490,873 | |
as a % of revenues | | | 10.9 | % | | | | | | | | 13.3 | % |
| | | | | | | | | | | | | |
Diluted earnings per share | | | | | | | | | | | | | |
Income from continuing operations | | $ | 1.51 | | $ | 0.11 | | $ | 0.24 | | $ | 1.86 | |
Income from discontinued operations | | $ | — | | $ | — | | $ | — | | $ | — | |
Diluted earnings per share | | $ | 1.51 | | $ | 0.11 | | $ | 0.24 | | $ | 1.86 | |
| | | | |
| | | | |
| |
| |
(4) | Relates to the fiscal 2004 charge associated with blood glucose monitoring (BGM) products. |
| |
(5) | Relates to the fiscal 2004 charge associated with a litigation settlement. |
Page 4
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
| Three Months Ended June 30, | |
---|
| | 2005 | | 2004 | | % Change | |
---|
|
| |
| | |
BD MEDICAL | | | | | | | | |
United States | $ | 338,238 | | $ | 316,312 | | 6.9 | |
International | | 431,980 | | | 366,333 | | 17.9 | |
| |
TOTAL | $ | 770,218 | | $ | 682,645 | | 12.8 | |
| |
| | | | | | | | |
BD DIAGNOSTICS | | | | | | | | |
United States | $ | 218,536 | | $ | 206,842 | | 5.7 | |
International | | 192,207 | | | 167,353 | | 14.9 | |
| |
TOTAL | $ | 410,743 | | $ | 374,195 | | 9.8 | |
| |
| | | | | | | | |
BD BIOSCIENCES | | | | | | | | |
United States | $ | 92,809 | | $ | 85,380 | | 8.7 | |
International | | 107,536 | | | 100,494 | | 7.0 | |
| |
TOTAL | $ | 200,345 | | $ | 185,874 | | 7.8 | |
| |
| | | | | | | | |
TOTAL REVENUES | | | | | | | | |
United States | $ | 649,583 | | $ | 608,534 | | 6.7 | |
International | | 731,723 | | | 634,180 | | 15.4 | |
| |
TOTAL | $ | 1,381,306 | | $ | 1,242,714 | | 11.2 | |
| |
Page 5
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
| Nine Months Ended June 30, | |
---|
| 2005 | | 2004 | | % Change | |
---|
|
| |
| | |
BD MEDICAL | | | | | | | | |
United States | $ | 997,936 | | $ | 940,747 | | 6.1 | |
International | | 1,197,769 | | | 1,051,407 | | 13.9 | |
| |
TOTAL | $ | 2,195,705 | | $ | 1,992,154 | | 10.2 | |
| |
| | | |
BD DIAGNOSTICS | | | | | | | | |
United States | $ | 650,419 | | $ | 631,178 | | 3.0 | |
International | | 603,876 | | | 526,837 | | 14.6 | |
| |
TOTAL | $ | 1,254,295 | | $ | 1,158,015 | | 8.3 | |
| |
| |
BD BIOSCIENCES | | | | | | | | |
United States | $ | 255,453 | | $ | 232,639 | | 9.8 | |
International | | 329,752 | | | 298,659 | | 10.4 | |
| |
TOTAL | $ | 585,205 | | $ | 531,298 | | 10.1 | |
| |
| | | |
TOTAL REVENUES | | | | | | | | |
United States | $ | 1,903,808 | | $ | 1,804,564 | | 5.5 | |
International | | 2,131,397 | | | 1,876,903 | | 13.6 | |
| |
TOTAL | $ | 4,035,205 | | $ | 3,681,467 | | 9.6 | |
| |
Page 6
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30,
(Unaudited; Amounts in thousands) | | |
| United States | |
|
| |
| 2005 | | 2004 | | % Change | |
|
| |
|
BD MEDICAL | | | | | | | | | |
Medical Surgical Systems | $ | 208,818 | | $ | 200,407 | | | 4.2 | |
Diabetes Care | | 97,006 | | | 85,693 | | | 13.2 | |
Pharmaceutical Systems | | 27,034 | | | 24,382 | | | 10.9 | |
Ophthalmic Systems | | 5,380 | | | 5,830 | | | (7.7 | ) |
| |
TOTAL | $ | 338,238 | | $ | 316,312 | | | 6.9 | |
| |
| | | | | | | | | |
BD DIAGNOSTICS | | | | | | | | | |
Preanalytical Systems | $ | 120,283 | | $ | 113,305 | | | 6.2 | |
Diagnostic Systems | | 98,253 | | | 93,537 | | | 5.0 | |
| |
TOTAL | $ | 218,536 | | $ | 206,842 | | | 5.7 | |
| |
| | | | | | | | | |
BD BIOSCIENCES | | | | | | | | | |
Discovery Labware | $ | 29,374 | | $ | 26,353 | | | 11.5 | |
Immunocytometry Systems | | 43,908 | | | 39,871 | | | 10.1 | |
Pharmingen | | 19,527 | | | 19,156 | | | 1.9 | |
| |
TOTAL | $ | 92,809 | | $ | 85,380 | | | 8.7 | |
| |
| | | | | | | | | |
TOTAL UNITED STATES | $ | 649,583 | | $ | 608,534 | | | 6.7 | |
| |
Page 7
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
| International | |
|
| |
| | | | | % Change | |
| | | | | | |
| |
| 2005 | | 2004 | | Reported | | FX Neutral | | FX Impact
| |
|
| |
---|
|
BD MEDICAL | | | | | | | | | | | | | | | |
Medical Surgical Systems | $ | 211,676 | | $ | 188,824 | | | 12.1 | | | 5.4 | | | 6.7 | |
Diabetes Care | | 74,309 | | | 62,299 | | | 19.3 | | | 11.8 | | | 7.5 | |
Pharmaceutical Systems | | 136,003 | | | 106,829 | | | 27.3 | | | 19.5 | | | 7.8 | |
Ophthalmic Systems | | 9,992 | | | 8,381 | | | 19.2 | | | 12.9 | | | 6.3 | |
| |
TOTAL | $ | 431,980 | | $ | 366,333 | | | 17.9 | | | 10.7 | | | 7.2 | |
| |
| | | | | | | | | | | | | | | |
BD DIAGNOSTICS | | | | | | | | | | | | | | | |
Preanalytical Systems | $ | 102,543 | | $ | 88,640 | | | 15.7 | | | 8.5 | | | 7.2 | |
Diagnostic Systems | | 89,664 | | | 78,713 | | | 13.9 | | | 7.8 | | | 6.1 | |
| |
TOTAL | $ | 192,207 | | $ | 167,353 | | | 14.9 | | | 8.1 | | | 6.8 | |
| |
| | | | | | | | | | | | | | | |
BD BIOSCIENCES | | | | | | | | | | | | | | | |
Discovery Labware | $ | 23,716 | | $ | 21,397 | | | 10.8 | | | 4.2 | | | 6.6 | |
Immunocytometry Systems | | 66,945 | | | 62,130 | | | 7.7 | | | 2.3 | | | 5.4 | |
Pharmingen | | 16,875 | | | 16,967 | | | (0.5 | ) | | (4.9 | ) | | 4.4 | |
| |
TOTAL | $ | 107,536 | | $ | 100,494 | | | 7.0 | | | 1.5 | | | 5.5 | |
| |
| | | | | | | | | | | | | | | |
TOTAL INTERNATIONAL | $ | 731,723 | | $ | 634,180 | | | 15.4 | | | 8.6 | | | 6.8 | |
| |
Page 8
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
| | | | | |
---|
| Total | |
|
| |
| | | | | % Change | |
| | | | |
| |
| 2005 | | 2004 | | Reported | | FX Neutral | | FX Impact | |
|
| |
|
BD MEDICAL | | | | | | | | | | | | | | | |
Medical Surgical Systems | $ | 420,494 | | $ | 389,231 | | | 8.0 | | | 4.8 | | | 3.2 | |
Diabetes Care | | 171,315 | | | 147,992 | | | 15.8 | | | 12.6 | | | 3.2 | |
Pharmaceutical Systems | | 163,037 | | | 131,211 | | | 24.3 | | | 17.9 | | | 6.4 | |
Ophthalmic Systems | | 15,372 | | | 14,211 | | | 8.2 | | | 4.4 | | | 3.8 | |
| |
TOTAL | $ | 770,218 | | $ | 682,645 | | | 12.8 | | | 9.0 | | | 3.8 | |
| |
| | | | | | | | | | | | | | | |
BD DIAGNOSTICS | | | | | | | | | | | | | | | |
Preanalytical Systems | $ | 222,826 | | $ | 201,945 | | | 10.3 | | | 7.2 | | | 3.1 | |
Diagnostic Systems | | 187,917 | | | 172,250 | | | 9.1 | | | 6.3 | | | 2.8 | |
| |
TOTAL | $ | 410,743 | | $ | 374,195 | | | 9.8 | | | 6.8 | | | 3.0 | |
| |
| | | | | | | | | | | | | | | |
BD BIOSCIENCES | | | | | | | | | | | | | | | |
Discovery Labware | $ | 53,090 | | $ | 47,750 | | | 11.2 | | | 8.2 | | | 3.0 | |
Immunocytometry Systems | | 110,853 | | | 102,001 | | | 8.7 | | | 5.4 | | | 3.3 | |
Pharmingen | | 36,402 | | | 36,123 | | | 0.8 | | | (1.3 | ) | | 2.1 | |
| |
TOTAL | $ | 200,345 | | $ | 185,874 | | | 7.8 | | | 4.8 | | | 3.0 | |
| |
| | | | | | | | | | | | | | | |
TOTAL REVENUES | $ | 1,381,306 | | $ | 1,242,714 | | | 11.2 | | | 7.7 | | | 3.5 | |
| |
Page 9
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30,
(Unaudited; Amounts in thousands)
| | United States | |
|
| |
| | 2005 | | | 2004 | | | % Change | |
|
| |
|
BD MEDICAL | | | | | | | | | |
Medical Surgical Systems | $ | 627,995 | | $ | 595,344 | | | 5.5 | |
Diabetes Care | | 279,949 | | | 249,272 | | | 12.3 | |
Pharmaceutical Systems | | 73,855 | | | 79,013 | | | (6.5 | ) |
Ophthalmic Systems | | 16,137 | | | 17,118 | | | (5.7 | ) |
| |
TOTAL | $ | 997,936 | | $ | 940,747 | | | 6.1 | |
| |
| | | | | | | | | |
BD DIAGNOSTICS | | | | | | | | | |
Preanalytical Systems | $ | 342,096 | | $ | 329,396 | | | 3.9 | |
Diagnostic Systems | | 308,323 | | | 301,782 | | | 2.2 | |
| |
TOTAL | $ | 650,419 | | $ | 631,178 | | | 3.0 | |
| |
| | | | | | | | | |
BD BIOSCIENCES | | | | | | | | | |
Discovery Labware | $ | 80,157 | | $ | 74,233 | | | 8.0 | |
Immunocytometry Systems | | 119,653 | | | 104,768 | | | 14.2 | |
Pharmingen | | 55,643 | | | 53,638 | | | 3.7 | |
| |
TOTAL | $ | 255,453 | | $ | 232,639 | | | 9.8 | |
| |
| | | | | | | | | |
TOTAL UNITED STATES | $ | 1,903,808 | | $ | 1,804,564 | | | 5.5 | |
| |
Page 10
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
| International | |
---|
|
| |
| | | | | | | % Change | |
| | | | | | |
| |
| 2005 | | 2004 | | Reported | | FX Neutral | | FX Impact | |
|
| |
|
BD MEDICAL | | | | | | | | | | | | | | | |
Medical Surgical Systems | $ | 604,355 | | $ | 552,210 | | | 9.4 | | | 4.0 | | | 5.4 | |
Diabetes Care | | 212,240 | | | 181,814 | | | 16.7 | | | 10.3 | | | 6.4 | |
Pharmaceutical Systems | | 352,638 | | | 292,773 | | | 20.4 | | | 13.5 | | | 6.9 | |
Ophthalmic Systems | | 28,536 | | | 24,610 | | | 16.0 | | | 9.7 | | | 6.3 | |
| |
TOTAL | $ | 1,197,769 | | $ | 1,051,407 | | | 13.9 | | | 7.9 | | | 6.0 | |
| |
| | | | | | | | | | | | | | | |
BD DIAGNOSTICS | | | | | | | | | | | | | | | |
Preanalytical Systems | $ | 294,086 | | $ | 253,472 | | | 16.0 | | | 9.7 | | | 6.3 | |
Diagnostic Systems | | 309,790 | | | 273,365 | | | 13.3 | | | 7.7 | | | 5.6 | |
| |
TOTAL | $ | 603,876 | | $ | 526,837 | | | 14.6 | | | 8.7 | | | 5.9 | |
| |
| | | | | | | | | | | | | | | |
BD BIOSCIENCES | | | | | | | | | | | | | | | |
Discovery Labware | $ | 72,307 | | $ | 66,953 | | | 8.0 | | | 2.2 | | | 5.8 | |
Immunocytometry Systems | | 205,060 | | | 182,779 | | | 12.2 | | | 6.7 | | | 5.5 | |
Pharmingen | | 52,385 | | | 48,927 | | | 7.1 | | | 2.5 | | | 4.6 | |
| |
TOTAL | $ | 329,752 | | $ | 298,659 | | | 10.4 | | | 5.0 | | | 5.4 | |
| |
| | | | | | | | | | | | | | | |
TOTAL INTERNATIONAL | $ | 2,131,397 | | $ | 1,876,903 | | | 13.6 | | | 7.6 | | | 6.0 | |
| |
Page 11
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Nine Months Ended June 30, (continued)
(Unaudited; Amounts in thousands)
| | Total | |
---|
|
| |
| | | | | | | | | | % Change | | | |
---|
| | | | | | | |
| |
---|
| | 2005 | | | 2004 | | | Reported | | FX Neutral | | FX Impact | |
---|
|
| |
|
BD MEDICAL | | | | | | | | | | | | | |
Medical Surgical Systems | $ | 1,232,350 | | $ | 1,147,554 | | | 7.4 | | 4.8 | | 2.6 | |
Diabetes Care | | 492,189 | | | 431,086 | | | 14.2 | | 11.5 | | 2.7 | |
Pharmaceutical Systems | | 426,493 | | | 371,786 | | | 14.7 | | 9.3 | | 5.4 | |
Ophthalmic Systems | | 44,673 | | | 41,728 | | | 7.1 | | 3.4 | | 3.7 | |
| |
TOTAL | $ | 2,195,705 | | $ | 1,992,154 | | | 10.2 | | 7.0 | | 3.2 | |
| |
| | | | | | | | | | | | | |
BD DIAGNOSTICS | | | | | | | | | | | | | |
Preanalytical Systems | $ | 636,182 | | $ | 582,868 | | | 9.1 | | 6.4 | | 2.7 | |
Diagnostic Systems | | 618,113 | | | 575,147 | | | 7.5 | | 4.8 | | 2.7 | |
| |
TOTAL | $ | 1,254,295 | | $ | 1,158,015 | | | 8.3 | | 5.6 | | 2.7 | |
| |
| | | | | | | | | | | | |
BD BIOSCIENCES | | | | | | | | | | | | | |
Discovery Labware | $ | 152,464 | | $ | 141,186 | | | 8.0 | | 5.2 | | 2.8 | |
Immunocytometry Systems | | 324,713 | | | 287,547 | | | 12.9 | | 9.4 | | 3.5 | |
Pharmingen | | 108,028 | | | 102,565 | | | 5.3 | | 3.2 | | 2.1 | |
| |
TOTAL | $ | 585,205 | | $ | 531,298 | | | 10.1 | | 7.1 | | 3.0 | |
| |
| | | | | | | | | | | | | |
TOTAL REVENUES | $ | 4,035,205 | | $ | 3,681,467 | | | 9.6 | | 6.6 | | 3.0 | |
| |
Page 12