$AAME
ATLANTIC AMERICAN CORP

2023 Q3 Form 10-Q Financial Statement

#000114036123038586 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $44.59M $49.19M
YoY Change -3.78% 10.12%
Cost Of Revenue $26.82M $29.37M
YoY Change -12.45% -10.34%
Gross Profit $17.77M $19.82M
YoY Change 13.11% 66.36%
Gross Profit Margin 39.86% 40.3%
Selling, General & Admin $11.06M $12.85M
YoY Change -13.88% 25.78%
% of Gross Profit 62.23% 64.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $160.0K $169.0K
YoY Change -26.61% -24.89%
% of Gross Profit 0.9% 0.85%
Operating Expenses $41.60M $46.16M
YoY Change -11.05% -0.44%
Operating Profit -$23.83M -$26.34M
YoY Change -23.28% -23.55%
Interest Expense $850.0K $807.0K
YoY Change 62.52% 94.93%
% of Operating Profit
Other Income/Expense, Net $3.721M $3.951M
YoY Change 12.89% 16.14%
Pretax Income $2.138M $2.217M
YoY Change -325.29% -204.82%
Income Tax $379.0K $473.0K
% Of Pretax Income 17.73% 21.34%
Net Earnings $1.759M $1.744M
YoY Change -357.16% -203.87%
Net Earnings / Revenue 3.94% 3.55%
Basic Earnings Per Share $0.08 $0.08
Diluted Earnings Per Share $0.08 $0.08
COMMON SHARES
Basic Shares Outstanding 20.40M 20.40M
Diluted Shares Outstanding 21.78M 21.78M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $23.92M $24.25M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.800M $3.016M
YoY Change -22.11% -20.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.238M $227.9M
YoY Change 0.0% 18310.66%
Other Assets $17.20M $15.15M
YoY Change 17.7% 35.67%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $361.6M $373.0M
YoY Change 0.35% -1.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $3.000M $3.221M
YoY Change -21.42% -19.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.10M $23.43M
YoY Change 2.94% -0.57%
LONG-TERM LIABILITIES
Long-Term Debt $36.80M $36.74M
YoY Change 5.94% 5.76%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $36.80M $36.74M
YoY Change 5.94% 5.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.10M $23.43M
Total Long-Term Liabilities $36.80M $36.74M
Total Liabilities $262.9M $269.5M
YoY Change 0.17% -0.26%
SHAREHOLDERS EQUITY
Retained Earnings $53.26M
YoY Change 4.35%
Common Stock $22.40M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $98.75M $103.5M
YoY Change
Total Liabilities & Shareholders Equity $361.6M $373.0M
YoY Change 0.35% -1.67%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $1.759M $1.744M
YoY Change -357.16% -203.87%
Depreciation, Depletion And Amortization $160.0K $169.0K
YoY Change -26.61% -24.89%
Cash From Operating Activities $1.360M $6.714M
YoY Change -37.33% 86.97%
INVESTING ACTIVITIES
Capital Expenditures $10.00K $9.000K
YoY Change -122.73% -113.43%
Acquisitions
YoY Change
Other Investing Activities -$1.260M $4.000M
YoY Change -132.04% -205.18%
Cash From Investing Activities -$1.270M $3.991M
YoY Change -132.66% -203.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -410.0K -6.000K
YoY Change 340.86% -101.04%
NET CHANGE
Cash From Operating Activities 1.360M 6.714M
Cash From Investing Activities -1.270M 3.991M
Cash From Financing Activities -410.0K -6.000K
Net Change In Cash -320.0K 10.70M
YoY Change -105.36% 3490.27%
FREE CASH FLOW
Cash From Operating Activities $1.360M $6.714M
Capital Expenditures $10.00K $9.000K
Free Cash Flow $1.350M $6.705M
YoY Change -39.02% 83.3%

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