Q1 2023 Earnings Presentation
NON-GAAP FINANCIAL PERFORMANCE
Q1 2023 Cash Flow Year-over-Year
[$M]
GAAP Net Income
Depreciation & amortization
Changes in working capital*
Other items
Operating cash flow
Capital expenditures
Free cash flow (non-GAAP)
Q1 2023
77.4
25.1
(32.2)
17.2
87.5
(25.0)
62.5
2023 Bruker
Q1 2022
62.1
21.7
(36.7)
30.7
77.8
(19.0)
58.8
A
+15.3
+3.4
+4.5
-13.5
+9.7
-6.0
+3.7
*WC = (Accounts Receivable + Inventory - Accounts Payable). Sum of items may not total due to rounding.
BRUKER
Comments (year-over-year)
Operating cash flow (OCF) up ~$10M on
higher profitability;
▪ Q1-23 free cash flow (FCF) $62.5M,
compared to Q1-22 FCF of $58.8M:
Higher profitability, slightly lower working
capital investment, despite continued
buffer inventories for supply chain risks
▪ Increased CAPEX on productivity
optimization and capacity expansion
Q1 2023 Earnings Presentation |
May 4, 2023
I
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