EX-99.1
Published on November 4, 2009
Exhibit 99.1
1 Becton Drive
Franklin Lakes, NJ 07417
www.bd.com
Franklin Lakes, NJ 07417
www.bd.com
News Release
|
Contact:
Patricia A. Spinella, Investor Relations 201-847-5453
Colleen T. White, Corporate Communications 201-847-5369
Colleen T. White, Corporate Communications 201-847-5369
BD ANNOUNCES RESULTS FOR FOURTH FISCAL QUARTER AND FULL YEAR
Franklin Lakes, NJ (November 4, 2009) BD (Becton, Dickinson and Company) (NYSE: BDX) today
reported quarterly revenues of $1.898 billion for the fourth fiscal quarter ended September 30,
2009, representing an increase of 5 percent from the prior-year period, or 8 percent excluding the
unfavorable impact from foreign currency translation.
For the full fiscal year ended September 30, 2009, BD reported revenues of $7.161 billion,
representing an increase of 1 percent over the prior year, or 5 percent excluding the unfavorable
impact from foreign currency translation.
The achievement of solid fourth quarter performance, in particular BD Medical and BD Diagnostics,
marks the conclusion of another successful year for BD, said Edward J. Ludwig, Chairman and Chief
Executive Officer. This strong finish to the year provides a platform for growth in fiscal 2010
and gives us confidence we will achieve our stated long-term goals.
Fourth Quarter Earnings and Analysis of Full Fiscal Year 2009 and 2008 Earnings
Reported diluted earnings per share from continuing operations of $1.25 for the fourth quarter of
2009 increased by 13 percent over reported diluted earnings per share from continuing operations of
$1.11 for the fourth quarter of 2008. On a currency-neutral basis, diluted earnings per share from
continuing operations for the fourth quarter of fiscal 2009 increased 17 percent.
Twelve Months Ended September 30, | ||||||||||||||||
(Table 1) | FY2009 | FY2008 | % Change | FXN % Change | ||||||||||||
Diluted EPS from Continuing Operations: |
$ | 4.92 | $ | 4.42 | 11 | % | ||||||||||
Specified Items: |
||||||||||||||||
Litigation Charge (1) |
$ | 0.11 | ||||||||||||||
Tax Adjustment (2) |
(0.08 | ) | ||||||||||||||
Adjusted Diluted EPS from Continuing Operations: |
$ | 4.95 | $ | 4.42 | 12 | % | 10 | % | ||||||||
(1) | Represents the charge relating to the pending settlement with the direct purchaser plaintiffs (which includes BDs distributors) in the antitrust class actions. | |
(2) | Represents the tax benefit relating to various tax settlements in multiple jurisdictions. |
The preceding analysis (Table 1) of diluted earnings per share from continuing operations for the
twelve-month periods ended September 30, 2009 and 2008 identifies the specified items that affect
comparability of results between periods. As illustrated, fiscal year 2009 diluted earnings per
share from continuing operations of $4.92 included the third quarter tax benefit of 8 cents and the
second quarter charge of 11 cents relating to a pending antitrust class action settlement.
Excluding these specified items, diluted earnings per share from continuing operations for the
twelve-month period in fiscal year 2009 were $4.95, representing an increase of 12 percent over
diluted earnings per share from continuing operations of $4.42 from the prior-year period. On a
currency-neutral basis, adjusted diluted earnings per share from continuing operations for the
twelve-month period ending September 30, 2009 increased 10 percent.
Segment Results
In the BD Medical segment, worldwide revenues for the quarter were $1 billion, representing an
increase of 8 percent from the prior-year period, or 13 percent excluding the unfavorable impact
from foreign currency translation. Strong sales of Pharmaceutical Systems products, as expected,
and solid sales of Medical Surgical Systems products contributed to revenue growth; both included a
favorable impact from flu-related sales. For the twelve-month period ended September 30, 2009,
the BD Medical segment reported flat revenue growth. On a currency-neutral basis, BD Medical
revenues for the twelve-month period increased by 6 percent to $3.731 billion.
In the BD Diagnostics segment, worldwide revenues for the quarter were $580 million, representing
an increase of 5 percent from the prior-year period or 8 percent excluding the unfavorable impact
from foreign currency translation. Sales of safety-engineered devices, cancer diagnostics products
and infectious disease testing systems, including flu-related products, contributed to revenue
growth. For the twelve-month period ended September 30, 2009, the BD Diagnostics segment reported
3 percent revenue growth to $2.226 billion. On a currency-neutral basis, BD Diagnostics revenues
for the twelve-month period increased by 7 percent.
In the BD Biosciences segment, worldwide revenues for the quarter were $312 million, representing a
decrease of 5 percent from the prior-year period, or a decrease of 4 percent excluding the
unfavorable impact from foreign currency translation. Demand in the U.S. for capital equipment in
the research and clinical segments continued to be impacted by funding constraints. International
revenue growth continued to moderate as well. For the twelve-month period ended September 30,
2009, the BD Biosciences segment reported 1 percent revenue growth to $1.204 billion. On a
currency-neutral basis, BD Biosciences revenues for the twelve-month period increased by 2 percent.
Geographic Results
Fourth quarter revenues in the U.S. were $840 million, representing an increase of 6 percent from
the prior-year period. Revenues outside of the U.S. were $1.058 billion, representing an increase
of 4 percent from the prior-year period, or 10 percent excluding the unfavorable impact from
foreign currency translation.
For the twelve-month period ended September 30, 2009, revenues in the U.S. were $3.205 billion,
representing an increase of 3 percent from the prior-year period. Revenues outside of the U.S.
were $3.956 billion, representing flat growth from the prior-year period, or 7 percent growth
excluding the unfavorable impact from foreign currency translation.
Fiscal 2010 Outlook for Full Year
The Company estimates that reported revenues for the full fiscal year 2010 will increase about 6
percent, or 5 to 6 percent excluding the estimated favorable impact from foreign currency
translation.
The Company expects diluted earnings per share from continuing operations for the full fiscal year
2010 to increase approximately 1 to 3 percent over adjusted diluted earnings per share from
continuing operations, excluding specified items, of $4.95 for the fiscal year 2009, or 7 to 9
percent excluding the estimated unfavorable impact from foreign currency translation.
Conference Call Information
A conference call regarding BDs fourth fiscal quarter and full year results and its expectations
for fiscal year 2010 will be broadcast live on BDs website, www.bd.com/investors, along with
related slides, at 10:00 a.m. (ET) Wednesday, November 4, 2009. The conference call will be
available for replay through the close of business on November 11, 2009 on BDs website,
www.bd.com/investors, or at 1-800-642-1687 (domestic) and 1-706-645-9291 (international), access
code 34687454.
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, as well as in the Form 8-K that BD filed today with the SEC.
About BD
BD is a leading global medical technology company that develops, manufactures and sells medical
devices, instrument systems and reagents. The Company is dedicated to improving peoples health
throughout the world. BD is focused on improving drug delivery, enhancing the quality and speed of
diagnosing infectious diseases and cancers, and advancing research, discovery and production of new
drugs and vaccines. BDs capabilities are instrumental in combating many of the worlds most
pressing diseases. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs
approximately 29,000 associates in approximately 50 countries throughout the world. The Company
serves healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical
industry and the general public. For more information, please visit www.bd.com.
***
This press release, including the section entitled Fiscal 2010 Outlook for Full Year, contains
certain estimates and other forward-looking statements (as defined under Federal securities laws)
regarding BDs 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, a
number of factors could cause actual results to vary materially from any forward-looking statement.
For instance, various healthcare reform proposals, if enacted, would impose an excise tax
applicable to medical device manufacturers, including BD, and these may be effective in calendar
year 2010. Other factors include, but are not limited to: adverse changes in regional, national or
foreign economic
conditions, including any impact that may result from the current global economic downturn on our
ability to access credit markets and finance our operations, the demand for our products and
services, or our suppliers ability to provide products needed for our operations; changes in
interest or foreign currency exchange rates, particularly in light of increased volatility in
currency exchange rates; potential healthcare reform, including changes in government pricing and
reimbursement policies or
other cost containment reforms; competitive factors; pricing and market
share pressures; difficulties inherent in product development and delays in product introductions;
increases in energy costs and their effect on, among other things, the cost of producing BDs
products; fluctuations in costs and availability of raw materials and in BDs ability to maintain
favorable supplier arrangements and relationships; uncertainties of litigation (as described in
BDs filings with the Securities and Exchange Commission); the effects of potential pandemic
diseases; our ability to successfully integrate any businesses we acquire; and issuance of new or
revised accounting standards, as well as other factors discussed in BDs 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)
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)
Three Months Ended September 30, | ||||||||||||
2009 | 2008 | % Change | ||||||||||
REVENUES |
$ | 1,897,733 | $ | 1,812,156 | 4.7 | |||||||
Cost of products sold |
911,911 | 880,372 | 3.6 | |||||||||
Selling and administrative |
432,477 | 432,399 | 0.0 | |||||||||
Research and development |
113,737 | 108,463 | 4.9 | |||||||||
TOTAL OPERATING COSTS
AND EXPENSES |
1,458,125 | 1,421,234 | 2.6 | |||||||||
OPERATING INCOME |
439,608 | 390,922 | 12.5 | |||||||||
Interest income |
14,418 | 6,879 | NM | |||||||||
Interest expense |
(13,782 | ) | (8,889 | ) | 55.0 | |||||||
Other expense, net |
(3,312 | ) | (1,734 | ) | NM | |||||||
INCOME FROM CONTINUING OPERATIONS BEFORE
INCOME TAXES |
436,932 | 387,178 | 12.9 | |||||||||
Income tax provision |
131,175 | 108,216 | 21.2 | |||||||||
INCOME FROM CONTINUING OPERATIONS |
305,757 | 278,962 | 9.6 | |||||||||
INCOME FROM DISCONTINUED OPERATIONS
NET OF INCOME TAX PROVISION OF
$3,334 AND $1,222, RESPECTIVELY |
11,463 | 3,212 | NM | |||||||||
NET INCOME |
$ | 317,220 | $ | 282,174 | 12.4 | |||||||
EARNINGS PER SHARE |
||||||||||||
Basic: |
||||||||||||
Income from continuing operations |
$ | 1.28 | $ | 1.14 | 12.3 | |||||||
Income from discontinued operations |
$ | 0.05 | $ | 0.01 | NM | |||||||
Net income (1) |
$ | 1.33 | $ | 1.16 | 14.7 | |||||||
Diluted: |
||||||||||||
Income from continuing operations |
$ | 1.25 | $ | 1.11 | 12.6 | |||||||
Income from discontinued operations |
$ | 0.05 | $ | 0.01 | NM | |||||||
Net income (1) |
$ | 1.29 | $ | 1.12 | 15.2 | |||||||
AVERAGE SHARES OUTSTANDING |
||||||||||||
Basic |
239,162 | 243,863 | ||||||||||
Diluted |
245,056 | 251,197 | ||||||||||
NM Not Meaningful
(1) | Total per share amounts may not add due to rounding |
Page 1
BECTON DICKINSON AND COMPANY
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)
CONSOLIDATED INCOME STATEMENTS
(Unaudited; Amounts in thousands, except per share data)
Twelve Months Ended September 30, | ||||||||||||
2009 | 2008 | % Change | ||||||||||
REVENUES |
$ | 7,160,874 | $ | 7,074,942 | 1.2 | |||||||
Cost of products sold |
3,397,598 | 3,446,838 | (1.4 | ) | ||||||||
Selling and administrative |
1,704,795 | 1,695,610 | 0.5 | |||||||||
Research and development |
408,128 | 395,631 | 3.2 | |||||||||
TOTAL OPERATING COSTS
AND EXPENSES |
5,510,521 | 5,538,079 | (0.5 | ) | ||||||||
OPERATING INCOME |
1,650,353 | 1,536,863 | 7.4 | |||||||||
Interest income |
33,148 | 39,368 | (15.8 | ) | ||||||||
Interest expense |
(40,389 | ) | (36,343 | ) | 11.1 | |||||||
Other expense, net |
(3,850 | ) | (1,484 | ) | NM | |||||||
INCOME FROM CONTINUING OPERATIONS BEFORE
INCOME TAXES |
1,639,262 | 1,538,404 | 6.6 | |||||||||
Income tax provision |
426,208 | 422,537 | 0.9 | |||||||||
INCOME FROM CONTINUING OPERATIONS |
1,213,054 | 1,115,867 | 8.7 | |||||||||
INCOME FROM DISCONTINUED OPERATIONS
NET OF INCOME TAX PROVISION OF
$5,014 AND $2,585, RESPECTIVELY |
18,549 | 11,129 | NM | |||||||||
NET INCOME |
$ | 1,231,603 | $ | 1,126,996 | 9.3 | |||||||
EARNINGS PER SHARE |
||||||||||||
Basic: |
||||||||||||
Income from continuing operations |
$ | 5.04 | $ | 4.57 | 10.3 | |||||||
Income from discontinued operations |
$ | 0.08 | $ | 0.05 | NM | |||||||
Net income (1) |
$ | 5.12 | $ | 4.61 | 11.1 | |||||||
Diluted: |
||||||||||||
Income from continuing operations |
$ | 4.92 | $ | 4.42 | 11.3 | |||||||
Income from discontinued operations |
$ | 0.08 | $ | 0.04 | NM | |||||||
Net income (1) |
$ | 4.99 | $ | 4.46 | 11.9 | |||||||
AVERAGE SHARES OUTSTANDING |
||||||||||||
Basic |
240,479 | 244,323 | ||||||||||
Diluted |
246,798 | 252,681 | ||||||||||
NM Not Meaningful
(1) | Total per share amounts may not add due to rounding |
Page 2
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
Three Months Ended September 30, | ||||||||||||
2009 | 2008 | % Change | ||||||||||
BD MEDICAL |
||||||||||||
United States |
$ | 410,925 | $ | 374,487 | 9.7 | |||||||
International |
594,573 | 555,109 | 7.1 | |||||||||
TOTAL |
$ | 1,005,498 | $ | 929,596 | 8.2 | |||||||
BD DIAGNOSTICS |
||||||||||||
United States |
$ | 305,488 | $ | 281,148 | 8.7 | |||||||
International |
274,521 | 271,918 | 1.0 | |||||||||
TOTAL |
$ | 580,009 | $ | 553,066 | 4.9 | |||||||
BD BIOSCIENCES |
||||||||||||
United States |
$ | 123,225 | $ | 136,749 | (9.9 | ) | ||||||
International |
189,001 | 192,745 | (1.9 | ) | ||||||||
TOTAL |
$ | 312,226 | $ | 329,494 | (5.2 | ) | ||||||
TOTAL REVENUES |
||||||||||||
United States |
$ | 839,638 | $ | 792,384 | 6.0 | |||||||
International |
1,058,095 | 1,019,772 | 3.8 | |||||||||
TOTAL |
$ | 1,897,733 | $ | 1,812,156 | 4.7 | |||||||
Page 3
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY SEGMENT AND GEOGRAPHIC AREA
(Unaudited; Amounts in thousands)
Twelve Months Ended September 30, | ||||||||||||
2009 | 2008 | % Change | ||||||||||
BD MEDICAL |
||||||||||||
United States |
$ | 1,577,986 | $ | 1,524,204 | 3.5 | |||||||
International |
2,152,860 | 2,195,831 | (2.0 | ) | ||||||||
TOTAL |
$ | 3,730,846 | $ | 3,720,035 | 0.3 | |||||||
BD DIAGNOSTICS |
||||||||||||
United States |
$ | 1,177,543 | $ | 1,121,843 | 5.0 | |||||||
International |
1,048,676 | 1,037,968 | 1.0 | |||||||||
TOTAL |
$ | 2,226,219 | $ | 2,159,811 | 3.1 | |||||||
BD BIOSCIENCES |
||||||||||||
United States |
$ | 449,151 | $ | 470,641 | (4.6 | ) | ||||||
International |
754,658 | 724,455 | 4.2 | |||||||||
TOTAL |
$ | 1,203,809 | $ | 1,195,096 | 0.7 | |||||||
TOTAL REVENUES |
||||||||||||
United States |
$ | 3,204,680 | $ | 3,116,688 | 2.8 | |||||||
International |
3,956,194 | 3,958,254 | (0.1 | ) | ||||||||
TOTAL |
$ | 7,160,874 | $ | 7,074,942 | 1.2 | |||||||
Page 4
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended September 30,
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended September 30,
(Unaudited; Amounts in thousands)
United States | ||||||||||||
2009 | 2008 | % Change | ||||||||||
BD MEDICAL |
||||||||||||
Medical Surgical Systems |
$ | 267,070 | $ | 248,111 | 7.6 | |||||||
Diabetes Care |
88,590 | 82,445 | 7.5 | |||||||||
Pharmaceutical Systems |
48,353 | 37,512 | 28.9 | |||||||||
Ophthalmic Systems |
6,912 | 6,419 | 7.7 | |||||||||
TOTAL |
$ | 410,925 | $ | 374,487 | 9.7 | |||||||
BD DIAGNOSTICS |
||||||||||||
Preanalytical Systems |
$ | 156,328 | $ | 145,987 | 7.1 | |||||||
Diagnostic Systems |
149,160 | 135,161 | 10.4 | |||||||||
TOTAL |
$ | 305,488 | $ | 281,148 | 8.7 | |||||||
BD BIOSCIENCES |
||||||||||||
Cell Analysis |
$ | 84,179 | $ | 98,883 | (14.9 | ) | ||||||
Discovery Labware |
39,046 | 37,866 | 3.1 | |||||||||
TOTAL |
$ | 123,225 | $ | 136,749 | (9.9 | ) | ||||||
TOTAL UNITED STATES |
$ | 839,638 | $ | 792,384 | 6.0 | |||||||
Page 5
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
International | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2009 | 2008 | Reported | FX Neutral | FX Impact | ||||||||||||||||
BD MEDICAL |
||||||||||||||||||||
Medical Surgical Systems |
$ | 265,904 | $ | 261,190 | 1.8 | 11.0 | (9.2 | ) | ||||||||||||
Diabetes Care |
92,098 | 92,593 | (0.5 | ) | 5.1 | (5.6 | ) | |||||||||||||
Pharmaceutical Systems |
224,195 | 188,773 | 18.8 | 26.7 | (7.9 | ) | ||||||||||||||
Ophthalmic Systems |
12,376 | 12,553 | (1.4 | ) | 5.4 | (6.8 | ) | |||||||||||||
TOTAL |
$ | 594,573 | $ | 555,109 | 7.1 | 15.2 | (8.1 | ) | ||||||||||||
BD DIAGNOSTICS |
||||||||||||||||||||
Preanalytical Systems |
$ | 138,297 | $ | 141,119 | (2.0 | ) | 5.5 | (7.5 | ) | |||||||||||
Diagnostic Systems |
136,224 | 130,799 | 4.1 | 8.7 | (4.6 | ) | ||||||||||||||
TOTAL |
$ | 274,521 | $ | 271,918 | 1.0 | 7.0 | (6.0 | ) | ||||||||||||
BD BIOSCIENCES |
||||||||||||||||||||
Cell Analysis |
$ | 150,055 | $ | 154,719 | (3.0 | ) | (0.3 | ) | (2.7 | ) | ||||||||||
Discovery Labware |
38,946 | 38,026 | 2.4 | 3.4 | (1.0 | ) | ||||||||||||||
TOTAL |
$ | 189,001 | $ | 192,745 | (1.9 | ) | 0.4 | (2.3 | ) | |||||||||||
TOTAL INTERNATIONAL |
$ | 1,058,095 | $ | 1,019,772 | 3.8 | 10.2 | (6.4 | ) | ||||||||||||
Page 6
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Three Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
Total | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2009 | 2008 | Reported | FX Neutral | FX Impact | ||||||||||||||||
BD MEDICAL |
||||||||||||||||||||
Medical Surgical Systems |
$ | 532,974 | $ | 509,301 | 4.6 | 9.3 | (4.7 | ) | ||||||||||||
Diabetes Care |
180,688 | 175,038 | 3.2 | 6.2 | (3.0 | ) | ||||||||||||||
Pharmaceutical Systems |
272,548 | 226,285 | 20.4 | 27.1 | (6.7 | ) | ||||||||||||||
Ophthalmic Systems |
19,288 | 18,972 | 1.7 | 6.2 | (4.5 | ) | ||||||||||||||
TOTAL |
$ | 1,005,498 | $ | 929,596 | 8.2 | 13.0 | (4.8 | ) | ||||||||||||
BD DIAGNOSTICS |
||||||||||||||||||||
Preanalytical Systems |
$ | 294,625 | $ | 287,106 | 2.6 | 6.3 | (3.7 | ) | ||||||||||||
Diagnostic Systems |
285,384 | 265,960 | 7.3 | 9.5 | (2.2 | ) | ||||||||||||||
TOTAL |
$ | 580,009 | $ | 553,066 | 4.9 | 7.8 | (2.9 | ) | ||||||||||||
BD BIOSCIENCES |
||||||||||||||||||||
Cell Analysis |
$ | 234,234 | $ | 253,602 | (7.6 | ) | (6.0 | ) | (1.6 | ) | ||||||||||
Discovery Labware |
77,992 | 75,892 | 2.8 | 3.3 | (0.5 | ) | ||||||||||||||
TOTAL |
$ | 312,226 | $ | 329,494 | (5.2 | ) | (3.8 | ) | (1.4 | ) | ||||||||||
TOTAL REVENUES |
$ | 1,897,733 | $ | 1,812,156 | 4.7 | 8.4 | (3.7 | ) | ||||||||||||
Page 7
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Twelve Months Ended September 30,
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Twelve Months Ended September 30,
(Unaudited; Amounts in thousands)
United States | ||||||||||||
2009 | 2008 | % Change | ||||||||||
BD MEDICAL |
||||||||||||
Medical Surgical Systems |
$ | 1,021,846 | $ | 977,262 | 4.6 | |||||||
Diabetes Care |
351,618 | 332,545 | 5.7 | |||||||||
Pharmaceutical Systems |
177,529 | 189,394 | (6.3 | ) | ||||||||
Ophthalmic Systems |
26,993 | 25,003 | 8.0 | |||||||||
TOTAL |
$ | 1,577,986 | $ | 1,524,204 | 3.5 | |||||||
BD DIAGNOSTICS |
||||||||||||
Preanalytical Systems |
$ | 608,754 | $ | 574,378 | 6.0 | |||||||
Diagnostic Systems |
568,789 | 547,465 | 3.9 | |||||||||
TOTAL |
$ | 1,177,543 | $ | 1,121,843 | 5.0 | |||||||
BD BIOSCIENCES |
||||||||||||
Cell Analysis |
$ | 303,846 | $ | 324,698 | (6.4 | ) | ||||||
Discovery Labware |
145,305 | 145,943 | (0.4 | ) | ||||||||
TOTAL |
$ | 449,151 | $ | 470,641 | (4.6 | ) | ||||||
TOTAL UNITED STATES |
$ | 3,204,680 | $ | 3,116,688 | 2.8 | |||||||
Page 8
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Twelve Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Twelve Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
International | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2009 | 2008 | Reported | FX Neutral | FX Impact | ||||||||||||||||
BD MEDICAL |
||||||||||||||||||||
Medical Surgical Systems |
$ | 963,083 | $ | 1,027,592 | (6.3 | ) | 4.5 | (10.8 | ) | |||||||||||
Diabetes Care |
363,319 | 361,807 | 0.4 | 7.9 | (7.5 | ) | ||||||||||||||
Pharmaceutical Systems |
774,914 | 752,742 | 2.9 | 10.9 | (8.0 | ) | ||||||||||||||
Ophthalmic Systems |
51,544 | 53,690 | (4.0 | ) | 4.1 | (8.1 | ) | |||||||||||||
TOTAL |
$ | 2,152,860 | $ | 2,195,831 | (2.0 | ) | 7.2 | (9.2 | ) | |||||||||||
BD DIAGNOSTICS |
||||||||||||||||||||
Preanalytical Systems |
$ | 534,677 | $ | 549,150 | (2.6 | ) | 6.8 | (9.4 | ) | |||||||||||
Diagnostic Systems |
513,999 | 488,818 | 5.2 | 11.2 | (6.0 | ) | ||||||||||||||
TOTAL |
$ | 1,048,676 | $ | 1,037,968 | 1.0 | 8.9 | (7.9 | ) | ||||||||||||
BD BIOSCIENCES |
||||||||||||||||||||
Cell Analysis |
$ | 600,671 | $ | 575,813 | 4.3 | 5.9 | (1.6 | ) | ||||||||||||
Discovery Labware |
153,987 | 148,642 | 3.6 | 4.2 | (0.6 | ) | ||||||||||||||
TOTAL |
$ | 754,658 | $ | 724,455 | 4.2 | 5.5 | (1.3 | ) | ||||||||||||
TOTAL INTERNATIONAL |
$ | 3,956,194 | $ | 3,958,254 | (0.1 | ) | 7.4 | (7.5 | ) | |||||||||||
Page 9
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Twelve Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
REVENUES BY BUSINESS SEGMENTS AND UNITS
Twelve Months Ended September 30, (continued)
(Unaudited; Amounts in thousands)
Total | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2009 | 2008 | Reported | FX Neutral | FX Impact | ||||||||||||||||
BD MEDICAL |
||||||||||||||||||||
Medical Surgical Systems |
$ | 1,984,929 | $ | 2,004,854 | (1.0 | ) | 4.5 | (5.5 | ) | |||||||||||
Diabetes Care |
714,937 | 694,352 | 3.0 | 6.8 | (3.8 | ) | ||||||||||||||
Pharmaceutical Systems |
952,443 | 942,136 | 1.1 | 7.4 | (6.3 | ) | ||||||||||||||
Ophthalmic Systems |
78,537 | 78,693 | (0.2 | ) | 5.3 | (5.5 | ) | |||||||||||||
TOTAL |
$ | 3,730,846 | $ | 3,720,035 | 0.3 | 5.7 | (5.4 | ) | ||||||||||||
BD DIAGNOSTICS |
||||||||||||||||||||
Preanalytical Systems |
$ | 1,143,431 | $ | 1,123,528 | 1.8 | 6.4 | (4.6 | ) | ||||||||||||
Diagnostic Systems |
1,082,788 | 1,036,283 | 4.5 | 7.4 | (2.9 | ) | ||||||||||||||
TOTAL |
$ | 2,226,219 | $ | 2,159,811 | 3.1 | 6.8 | (3.7 | ) | ||||||||||||
BD BIOSCIENCES |
||||||||||||||||||||
Cell Analysis |
$ | 904,517 | $ | 900,511 | 0.4 | 1.4 | (1.0 | ) | ||||||||||||
Discovery Labware |
299,292 | 294,585 | 1.6 | 1.9 | (0.3 | ) | ||||||||||||||
TOTAL |
$ | 1,203,809 | $ | 1,195,096 | 0.7 | 1.5 | (0.8 | ) | ||||||||||||
TOTAL REVENUES |
$ | 7,160,874 | $ | 7,074,942 | 1.2 | 5.4 | (4.2 | ) | ||||||||||||
Page 10
BECTON DICKINSON AND COMPANY
SUPPLEMENTAL REVENUE INFORMATION
SAFETY REVENUES
(Unaudited; Amounts in thousands)
SUPPLEMENTAL REVENUE INFORMATION
SAFETY REVENUES
(Unaudited; Amounts in thousands)
Three Months Ended September 30, | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2009 | 2008 | Reported | FX Neutral | FX Impact | ||||||||||||||||
TOTAL SAFETY REVENUES |
||||||||||||||||||||
United States |
$ | 282,286 | $ | 261,007 | 8.2 | 8.2 | | |||||||||||||
International |
150,906 | 143,258 | 5.3 | 13.5 | (8.2 | ) | ||||||||||||||
TOTAL |
$ | 433,192 | $ | 404,265 | 7.2 | 10.0 | (2.8 | ) | ||||||||||||
BY SEGMENT: |
||||||||||||||||||||
BD Medical |
$ | 211,049 | $ | 191,813 | 10.0 | 12.1 | (2.1 | ) | ||||||||||||
BD Diagnostics |
222,143 | 212,452 | 4.6 | 8.1 | (3.5 | ) | ||||||||||||||
TOTAL |
$ | 433,192 | $ | 404,265 | 7.2 | 10.0 | (2.8 | ) | ||||||||||||
Twelve Months Ended September 30, | ||||||||||||||||||||
% Change | ||||||||||||||||||||
2009 | 2008 | Reported | FX Neutral | FX Impact | ||||||||||||||||
TOTAL SAFETY REVENUES |
||||||||||||||||||||
United States |
$ | 1,079,000 | $ | 1,035,615 | 4.2 | 4.2 | | |||||||||||||
International |
570,674 | 534,055 | 6.9 | 17.3 | (10.4 | ) | ||||||||||||||
TOTAL |
$ | 1,649,674 | $ | 1,569,670 | 5.1 | 8.6 | (3.5 | ) | ||||||||||||
BY SEGMENT: |
||||||||||||||||||||
BD Medical |
$ | 786,033 | $ | 748,722 | 5.0 | 7.7 | (2.7 | ) | ||||||||||||
BD Diagnostics |
863,641 | 820,948 | 5.2 | 9.5 | (4.3 | ) | ||||||||||||||
TOTAL |
$ | 1,649,674 | $ | 1,569,670 | 5.1 | 8.6 | (3.5 | ) | ||||||||||||
Page 11