2012 Q4 Form 10-Q Financial Statement

#000110465912076551 Filed on November 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $69.91M $73.31M $194.3M
YoY Change -61.78% -62.28% -5.18%
Cost Of Revenue $18.60M $17.60M $97.10M
YoY Change -73.12% -81.87% -17.22%
Gross Profit $51.30M $55.70M $97.20M
YoY Change -54.92% -42.7% 10.83%
Gross Profit Margin 73.38% 75.98% 50.01%
Selling, General & Admin $15.90M $17.25M $58.98M
YoY Change -69.31% -70.75% -7.6%
% of Gross Profit 30.99% 30.97% 60.68%
Research & Development $10.20M $9.900M $20.20M
YoY Change -52.11% -50.99% -9.42%
% of Gross Profit 19.88% 17.77% 20.78%
Depreciation & Amortization $67.20M $12.42M $26.71M
YoY Change 146.15% -53.5% 11.42%
% of Gross Profit 130.99% 22.3% 27.48%
Operating Expenses $48.79M $57.14M $166.7M
YoY Change -71.63% -65.72% -12.78%
Operating Profit $21.12M $16.17M $27.65M
YoY Change 93.07% -41.51% 99.96%
Interest Expense -$3.000M $2.985M $4.320M
YoY Change -9.09% -30.9% 34.92%
% of Operating Profit -14.2% 18.46% 15.63%
Other Income/Expense, Net -$645.0K -$2.936M -$3.237M
YoY Change -78.94% -9.3% 18.05%
Pretax Income $20.48M $13.24M $24.41M
YoY Change 159.93% -45.78% 120.22%
Income Tax $11.80M $4.145M $11.19M
% Of Pretax Income 57.63% 31.32% 45.86%
Net Earnings $14.45M $18.01M $13.22M
YoY Change 327.17% 36.29% 118.01%
Net Earnings / Revenue 20.67% 24.57% 6.8%
Basic Earnings Per Share $0.84 $1.03 $0.74
Diluted Earnings Per Share $0.84 $1.02 $0.73
COMMON SHARES
Basic Shares Outstanding 15.57M shares 15.56M shares 15.40M shares
Diluted Shares Outstanding 15.65M shares 15.49M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.6M $111.4M $52.10M
YoY Change 180.49% 113.82% -15.7%
Cash & Equivalents $136.6M $111.4M $52.11M
Short-Term Investments
Other Short-Term Assets $394.7M $37.70M $27.80M
YoY Change 1149.05% 35.61% 67.47%
Inventory $8.000M $23.30M $15.90M
Prepaid Expenses
Receivables $38.87M $77.24M $79.70M
Other Receivables $0.00 $0.00 $9.600M
Total Short-Term Assets $578.3M $249.7M $185.2M
YoY Change 214.44% 34.85% 15.51%
LONG-TERM ASSETS
Property, Plant & Equipment $238.3M $447.4M $471.2M
YoY Change -50.68% -5.05% 6.8%
Goodwill $45.08M $45.08M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.688M $28.37M $18.30M
YoY Change -66.15% 55.02% -20.09%
Total Long-Term Assets $332.6M $656.8M $681.2M
YoY Change -51.78% -3.58% 4.34%
TOTAL ASSETS
Total Short-Term Assets $578.3M $249.7M $185.2M
Total Long-Term Assets $332.6M $656.8M $681.2M
Total Assets $910.9M $906.5M $866.4M
YoY Change 4.25% 4.63% 6.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.80M $50.00M $56.50M
YoY Change -47.99% -11.5% 33.89%
Accrued Expenses $26.70M $25.20M $18.50M
YoY Change 246.75% 36.22% 277.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.68M $15.68M $20.60M
YoY Change -37.45% -23.88% 68.85%
Total Short-Term Liabilities $170.3M $152.2M $147.9M
YoY Change 16.81% 2.96% -2.01%
LONG-TERM LIABILITIES
Long-Term Debt $250.9M $254.6M $274.1M
YoY Change -2.43% -7.13% 9.29%
Other Long-Term Liabilities $11.45M $26.40M $30.50M
YoY Change -61.01% -13.45% -10.29%
Total Long-Term Liabilities $262.4M $281.0M $304.6M
YoY Change -8.43% -7.76% 6.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $170.3M $152.2M $147.9M
Total Long-Term Liabilities $262.4M $281.0M $304.6M
Total Liabilities $516.6M $524.1M $512.2M
YoY Change -0.88% 2.32% -3.68%
SHAREHOLDERS EQUITY
Retained Earnings $224.3M $215.1M
YoY Change 17.86%
Common Stock $123.4M $122.7M
YoY Change 3.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.286M $5.144M
YoY Change 6.96%
Treasury Stock Shares 513.8K shares 509.9K shares 502.5K shares
Shareholders Equity $334.1M $322.3M $294.9M
YoY Change
Total Liabilities & Shareholders Equity $910.9M $906.5M $866.4M
YoY Change 4.25% 4.63% 6.54%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $14.45M $18.01M $13.22M
YoY Change 327.17% 36.29% 118.01%
Depreciation, Depletion And Amortization $67.20M $12.42M $26.71M
YoY Change 146.15% -53.5% 11.42%
Cash From Operating Activities $50.00M $57.90M $41.70M
YoY Change 4.38% 38.85% 5.3%
INVESTING ACTIVITIES
Capital Expenditures -$48.80M $3.700M -$20.50M
YoY Change 37.46% -118.05% -48.23%
Acquisitions
YoY Change
Other Investing Activities $37.10M -$21.90M $1.200M
YoY Change -1925.0% -152.17%
Cash From Investing Activities -$11.80M -$18.20M -$19.20M
YoY Change -66.76% -5.21% -54.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.00M -8.100M -17.20M
YoY Change -17.2% -52.91% -368.75%
NET CHANGE
Cash From Operating Activities 50.00M 57.90M 41.70M
Cash From Investing Activities -11.80M -18.20M -19.20M
Cash From Financing Activities -13.00M -8.100M -17.20M
Net Change In Cash 25.20M 31.60M 5.300M
YoY Change -863.64% 496.23% 29.27%
FREE CASH FLOW
Cash From Operating Activities $50.00M $57.90M $41.70M
Capital Expenditures -$48.80M $3.700M -$20.50M
Free Cash Flow $98.80M $54.20M $62.20M
YoY Change 18.47% -12.86% -21.46%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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atni Net Income Attributable To Noncontrolling Interests Tax
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1400000 USD
us-gaap Provision For Doubtful Accounts
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5157000 USD
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1420000 USD
us-gaap Deferred Income Tax Expense Benefit
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177000 USD
us-gaap Increase Decrease In Accounts Receivable
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atni Increase Decrease In Inventory Prepayments And Other Current Assets
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Cash Acquired From Acquisition
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us-gaap Net Cash Provided By Used In Continuing Operations
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CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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15605000 shares
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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37330000 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52113000 USD
us-gaap Nature Of Operations
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dei Entity Registrant Name
EntityRegistrantName
ATLANTIC TELE NETWORK INC /DE
dei Entity Central Index Key
EntityCentralIndexKey
0000879585
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
15569547 shares
us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
3684000 USD
CY2012Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
12200000 USD
CY2012Q3 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
12200000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
93153000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
1600000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0400000 USD
us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
1040000 USD
CY2012Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
26048000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
79654000 USD
CY2012Q3 us-gaap Notional Amount Of Interest Rate Cash Flow Hedge Derivatives
NotionalAmountOfInterestRateCashFlowHedgeDerivatives
143000000 USD
atni Noncontrolling Interests Repurchased
NoncontrollingInterestsRepurchased
-80000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 item
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
15398000 USD
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
90911000 USD
CY2012Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
26398000 USD
CY2012Q3 us-gaap Liabilities
Liabilities
524124000 USD
CY2012Q3 us-gaap Common Stock Value
CommonStockValue
160000 USD
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
5144000 USD
CY2012Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
122585000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
215094000 USD
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10434000 USD
CY2012Q3 us-gaap Minority Interest
MinorityInterest
60114000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
906499000 USD
CY2012Q3 atni Termination And Access Fees
TerminationAndAccessFees
38790000 USD
atni Termination And Access Fees
TerminationAndAccessFees
118224000 USD
CY2012Q3 atni Engineering And Operation Expense
EngineeringAndOperationExpense
20796000 USD
atni Engineering And Operation Expense
EngineeringAndOperationExpense
64077000 USD
CY2012Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
27929000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
91306000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2744000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
50505000 USD
us-gaap Profit Loss
ProfitLoss
38716000 USD
CY2012Q3 atni Cost Of Equipment Revenue
CostOfEquipmentRevenue
23408000 USD
atni Cost Of Equipment Revenue
CostOfEquipmentRevenue
65747000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22195000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67102000 USD
CY2012Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
7000 USD
CY2012Q3 us-gaap Assets Current
AssetsCurrent
249689000 USD
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
152247000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
322261000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
111408000 USD
CY2012Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
77237000 USD
CY2012Q3 us-gaap Inventory Gross
InventoryGross
23307000 USD
CY2012Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
24147000 USD
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
13590000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
447426000 USD
CY2012Q3 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
88482000 USD
CY2012Q3 atni Finite Lived Trade Names Net
FiniteLivedTradeNamesNet
12653000 USD
CY2012Q3 atni Finite Lived Customer Relationships Net
FiniteLivedCustomerRelationshipsNet
34804000 USD
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28368000 USD
CY2012Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
49988000 USD
CY2012Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
3905000 USD
CY2012Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
25244000 USD
CY2012Q3 us-gaap Customer Advances And Deposits Current
CustomerAdvancesAndDepositsCurrent
18615000 USD
CY2012Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
38815000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-535000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-535000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2900000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
35281000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-11545000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
275000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2385000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
866000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
136000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
2986000 USD
us-gaap Interest Expense
InterestExpense
10953000 USD
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
3000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
200000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
679000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3011000 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
199000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-133000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9513000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24273000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2047000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2900000 USD
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.71
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2372000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15276000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9766000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2068000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15844000 USD
atni Increase Decrease In Inventory Prepayments And Other Current Assets
IncreaseDecreaseInInventoryPrepaymentsAndOtherCurrentAssets
3404000 USD
atni Increase Decrease In Accounts Payable And Accrued Liabilities Advance Payments And Deposits And Other Current Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesAdvancePaymentsAndDepositsAndOtherCurrentLiabilities
272000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
17505000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2672000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
46378000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
256873000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
74534000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1240000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10692000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2010000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3564000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
80000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1040000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
202000 USD
CY2012Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.31
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.30
atni Rate Per Year At Which Federal Communications Commission Phase Out Existing Universal Service Fund Support
RatePerYearAtWhichFederalCommunicationsCommissionPhaseOutExistingUniversalServiceFundSupport
0.20 pure
CY2011Q4 atni Number Of New Replacement Funds Created As Part Of Universal Service Fund Reform Program
NumberOfNewReplacementFundsCreatedAsPartOfUniversalServiceFundReformProgram
2 item

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