2018 Q2 Form 10-Q Financial Statement

#000145920018000028 Filed on August 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $104.5M $85.99M
YoY Change 21.51% 33.47%
Cost Of Revenue $36.49M $29.84M
YoY Change 22.3% 18.47%
Gross Profit $68.00M $56.15M
YoY Change 21.1% 43.1%
Gross Profit Margin 65.08% 65.3%
Selling, General & Admin $32.73M $25.35M
YoY Change 29.12% 5.44%
% of Gross Profit 48.13% 45.14%
Research & Development $21.52M $20.06M
YoY Change 7.27% 86.16%
% of Gross Profit 31.65% 35.73%
Depreciation & Amortization $5.600M $5.200M
YoY Change 7.69% 173.68%
% of Gross Profit 8.24% 9.26%
Operating Expenses $59.49M $50.26M
YoY Change 18.37% 37.95%
Operating Profit $8.510M $5.896M
YoY Change 44.34% 109.97%
Interest Expense -$800.0K -$700.0K
YoY Change 14.29%
% of Operating Profit -9.4% -11.87%
Other Income/Expense, Net $420.0K $137.0K
YoY Change 206.57% 55.68%
Pretax Income $8.179M $5.359M
YoY Change 52.62% 88.1%
Income Tax -$2.600M -$4.506M
% Of Pretax Income -31.79% -84.08%
Net Earnings $10.73M $9.865M
YoY Change 8.8% 426.7%
Net Earnings / Revenue 10.27% 11.47%
Basic Earnings Per Share $0.23 $0.21
Diluted Earnings Per Share $0.22 $0.20
COMMON SHARES
Basic Shares Outstanding 47.44M shares 46.44M shares
Diluted Shares Outstanding 49.50M shares 49.00M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.0M $68.90M
YoY Change 53.85% -48.66%
Cash & Equivalents $106.0M $68.92M
Short-Term Investments
Other Short-Term Assets $20.68M $16.03M
YoY Change 29.01% 147.35%
Inventory $14.72M $10.26M
Prepaid Expenses
Receivables $52.55M $41.99M
Other Receivables $0.00 $0.00
Total Short-Term Assets $193.9M $137.2M
YoY Change 41.34% -22.75%
LONG-TERM ASSETS
Property, Plant & Equipment $26.59M $22.61M
YoY Change 17.59% 30.23%
Goodwill $63.59M $64.09M
YoY Change -0.78% 159.24%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.21M $7.453M
YoY Change 77.27% 88.78%
Total Long-Term Assets $208.9M $219.0M
YoY Change -4.64% 240.5%
TOTAL ASSETS
Total Short-Term Assets $193.9M $137.2M
Total Long-Term Assets $208.9M $219.0M
Total Assets $402.8M $356.2M
YoY Change 13.07% 47.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.52M $23.64M
YoY Change -8.98% 9.68%
Accrued Expenses $7.562M $5.498M
YoY Change 37.54% 54.74%
Deferred Revenue $3.460M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.65M $48.22M
YoY Change -5.34% 34.65%
LONG-TERM LIABILITIES
Long-Term Debt $69.00M $72.70M
YoY Change -5.09% 985.07%
Other Long-Term Liabilities $13.44M $14.22M
YoY Change -5.45% 19.75%
Total Long-Term Liabilities $82.44M $86.92M
YoY Change -5.15% 368.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.65M $48.22M
Total Long-Term Liabilities $82.44M $86.92M
Total Liabilities $136.6M $145.0M
YoY Change -5.77% 125.27%
SHAREHOLDERS EQUITY
Retained Earnings -$64.31M -$104.1M
YoY Change -38.23% -15.68%
Common Stock $477.0K $467.0K
YoY Change 2.14% 2.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $266.2M $211.3M
YoY Change
Total Liabilities & Shareholders Equity $402.8M $356.2M
YoY Change 13.07% 47.25%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $10.73M $9.865M
YoY Change 8.8% 426.7%
Depreciation, Depletion And Amortization $5.600M $5.200M
YoY Change 7.69% 173.68%
Cash From Operating Activities $11.70M $11.70M
YoY Change 0.0% 1850.0%
INVESTING ACTIVITIES
Capital Expenditures -$3.100M -$3.100M
YoY Change 0.0% 47.62%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$3.000M
YoY Change -100.0% 1400.0%
Cash From Investing Activities -$3.100M -$6.100M
YoY Change -49.18% 190.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 600.0K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 11.70M 11.70M
Cash From Investing Activities -3.100M -6.100M
Cash From Financing Activities 600.0K 0.000
Net Change In Cash 9.200M 5.600M
YoY Change 64.29% -429.41%
FREE CASH FLOW
Cash From Operating Activities $11.70M $11.70M
Capital Expenditures -$3.100M -$3.100M
Free Cash Flow $14.80M $14.80M
YoY Change 0.0% 448.15%

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us-gaap Provision For Doubtful Accounts
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us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;"></font><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#212121;">Alarm.com Holdings, Inc. (referred to herein as Alarm.com, the Company, or we) is the leading platform for the intelligently connected property. We offer a comprehensive suite of cloud-based solutions for the smart residential and </font><font style="font-family:Arial;font-size:9pt;">commercial property</font><font style="font-family:Arial;font-size:9pt;color:#212121;">, including interactive security, video monitoring, intelligent automation and energy management. Millions of property owners rely on our technology to intelligently secure, monitor and manage their residential and commercial properties. Our solutions are delivered through an established network of over </font><font style="font-family:Arial;font-size:9pt;color:#212121;">7,000</font><font style="font-family:Arial;font-size:9pt;color:#212121;"> trusted service provider partners, who are experts at selling, installing and supporting our solutions.</font><font style="font-family:Arial;font-size:9pt;"> We derive revenue from the sale of our cloud-based Software-as-a-Service, or SaaS, services, license fees, software, hardware, activation fees and other revenue. Our fiscal year ends on December&#160;31.</font></div></div>
us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-indent:24px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Our estimates, judgments and assumptions are continually evaluated based on available information and experience. Because of the use of estimates inherent in the financial reporting process, actual results could differ from those estimates. Estimates are used when accounting for revenue recognition, allowances for doubtful accounts, allowance for hardware returns, estimates of obsolete inventory, long-term incentive compensation, stock-based compensation, income taxes, legal reserves, contingent consideration and goodwill and intangible assets.</font></div></div>

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