$AIT
APPLIED INDUSTRIAL TECHNOLOGIES INC

2012 Q2 Form 10-Q Financial Statement

#000010956312000019 Filed on May 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $620.0M $605.5M $566.0M
YoY Change 5.1% 6.98% 16.43%
Cost Of Revenue $447.3M $437.8M $409.4M
YoY Change 6.32% 6.95% 15.07%
Gross Profit $172.7M $167.6M $156.6M
YoY Change 2.13% 7.06% 20.07%
Gross Profit Margin 27.85% 27.68% 27.66%
Selling, General & Admin $122.9M $125.6M $118.4M
YoY Change -1.29% 6.11% 14.58%
% of Gross Profit 71.16% 74.93% 75.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.800M $2.790M $2.970M
YoY Change 3.57% -6.06% -45.0%
% of Gross Profit 3.36% 1.66% 1.9%
Operating Expenses $122.9M $125.6M $118.4M
YoY Change -1.29% 6.11% 14.58%
Operating Profit $49.80M $42.02M $38.20M
YoY Change 11.66% 9.99% 40.96%
Interest Expense -$600.0K $1.600M $2.500M
YoY Change -250.0% -36.0% -292.31%
% of Operating Profit -1.2% 3.81% 6.54%
Other Income/Expense, Net -$100.0K $1.887M $2.645M
YoY Change -28.66% 781.67%
Pretax Income $49.10M $43.85M $40.79M
YoY Change 9.11% 7.5% 56.3%
Income Tax $17.10M $14.43M $14.26M
% Of Pretax Income 34.83% 32.92% 34.95%
Net Earnings $32.00M $29.42M $26.54M
YoY Change 13.07% 10.86% 60.82%
Net Earnings / Revenue 5.16% 4.86% 4.69%
Basic Earnings Per Share $0.70 $0.63
Diluted Earnings Per Share $749.4K $0.69 $0.61
COMMON SHARES
Basic Shares Outstanding 42.20M shares 42.11M shares 42.45M shares
Diluted Shares Outstanding 42.78M shares 43.34M shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.40M $79.40M $88.60M
YoY Change -13.94% -10.38% -43.31%
Cash & Equivalents $78.44M $79.41M $88.56M
Short-Term Investments
Other Short-Term Assets $51.77M $31.90M $26.80M
YoY Change 56.86% 19.02% 26.42%
Inventory $228.5M $230.0M $196.4M
Prepaid Expenses
Receivables $307.0M $307.7M $280.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $665.8M $649.0M $592.5M
YoY Change 7.57% 9.54% 0.34%
LONG-TERM ASSETS
Property, Plant & Equipment $83.10M $78.46M $67.90M
YoY Change 20.41% 15.56% 16.67%
Goodwill $83.08M $84.69M
YoY Change 7.92%
Intangibles $84.84M $88.77M
YoY Change -5.26%
Long-Term Investments
YoY Change
Other Assets $18.97M $18.66M $65.50M
YoY Change 11.45% -71.51% -1.21%
Total Long-Term Assets $296.4M $305.3M $299.4M
YoY Change 0.14% 2.0% 8.38%
TOTAL ASSETS
Total Short-Term Assets $665.8M $649.0M $592.5M
Total Long-Term Assets $296.4M $305.3M $299.4M
Total Assets $962.2M $954.3M $891.9M
YoY Change 5.16% 7.01% 2.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.9M $124.6M $110.1M
YoY Change 11.41% 13.18% 13.04%
Accrued Expenses $63.10M $56.20M $55.00M
YoY Change -3.52% 2.18% 22.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $230.2M $225.7M $208.6M
YoY Change 7.21% 8.2% -23.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.13M $21.16M $70.00M
YoY Change 6.24% -69.77% 14.38%
Total Long-Term Liabilities $20.13M $21.16M $70.00M
YoY Change 6.24% -69.77% 14.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $230.2M $225.7M $208.6M
Total Long-Term Liabilities $20.13M $21.16M $70.00M
Total Liabilities $290.1M $282.1M $278.7M
YoY Change 3.09% 1.23% -16.51%
SHAREHOLDERS EQUITY
Retained Earnings $743.4M $720.2M
YoY Change 11.21%
Common Stock $160.1M $159.9M
YoY Change 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $226.7M $215.4M
YoY Change 14.38%
Treasury Stock Shares 12.25M shares 12.02M shares
Shareholders Equity $672.1M $672.2M $613.2M
YoY Change
Total Liabilities & Shareholders Equity $962.2M $954.3M $891.9M
YoY Change 5.16% 7.0% 2.91%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $32.00M $29.42M $26.54M
YoY Change 13.07% 10.86% 60.82%
Depreciation, Depletion And Amortization $5.800M $2.790M $2.970M
YoY Change 3.57% -6.06% -45.0%
Cash From Operating Activities $28.40M $31.80M $44.00M
YoY Change 121.88% -27.73% -27.03%
INVESTING ACTIVITIES
Capital Expenditures -$7.700M -$4.300M -$2.600M
YoY Change 92.5% 65.38% 116.67%
Acquisitions
YoY Change
Other Investing Activities -$300.0K -$12.80M $2.700M
YoY Change -88.46% -574.07%
Cash From Investing Activities -$8.000M -$17.10M $0.00
YoY Change 23.08% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.50M -7.000M -11.10M
YoY Change 353.49% -36.94% 52.05%
NET CHANGE
Cash From Operating Activities 28.40M 31.80M 44.00M
Cash From Investing Activities -8.000M -17.10M 0.000
Cash From Financing Activities -19.50M -7.000M -11.10M
Net Change In Cash 900.0K 7.700M 32.90M
YoY Change -55.0% -76.6% -36.49%
FREE CASH FLOW
Cash From Operating Activities $28.40M $31.80M $44.00M
Capital Expenditures -$7.700M -$4.300M -$2.600M
Free Cash Flow $36.10M $36.10M $46.60M
YoY Change 114.88% -22.53% -24.23%

Facts In Submission

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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
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CY2012Q2 dei Entity Common Stock Shares Outstanding
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
APPLIED INDUSTRIAL TECHNOLOGIES INC

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