2014 Q3 Form 10-Q Financial Statement

#000147490314000003 Filed on November 03, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $48.01M $47.87M
YoY Change 0.3% 132.02%
Cost Of Revenue $38.02M $38.76M
YoY Change -1.89% 137.91%
Gross Profit $9.986M $9.110M
YoY Change 9.61% 109.43%
Gross Profit Margin 20.8% 19.03%
Selling, General & Admin $6.223M $5.319M
YoY Change 16.99% 107.78%
% of Gross Profit 62.32% 58.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.71K $33.27K
YoY Change 46.38% -97.85%
% of Gross Profit 0.49% 0.37%
Operating Expenses $6.223M $5.319M
YoY Change 16.99% 29.42%
Operating Profit $2.710M $2.572M
YoY Change 5.35% 971.72%
Interest Expense -$1.590M -$1.130M
YoY Change 40.71% 113.21%
% of Operating Profit -58.68% -43.93%
Other Income/Expense, Net
YoY Change
Pretax Income $1.121M $1.441M
YoY Change -22.22% -580.34%
Income Tax $755.6K $23.14K
% Of Pretax Income 67.42% 1.61%
Net Earnings $365.2K $1.418M
YoY Change -74.25% -557.38%
Net Earnings / Revenue 0.76% 2.96%
Basic Earnings Per Share $0.07 $0.00
Diluted Earnings Per Share $0.06 $0.00
COMMON SHARES
Basic Shares Outstanding 5.608M shares 0.000 shares
Diluted Shares Outstanding 5.752M shares 0.000 shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $661.9K $1.900M
YoY Change -65.16%
Inventory
Prepaid Expenses $593.0K
Receivables $27.51M $25.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $28.77M $26.90M
YoY Change 6.94%
LONG-TERM ASSETS
Property, Plant & Equipment $652.7K $500.0K
YoY Change 30.53%
Goodwill $5.863M
YoY Change
Intangibles $14.73M
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.08M $1.700M
YoY Change 1669.22%
Total Long-Term Assets $30.73M $27.30M
YoY Change 12.56%
TOTAL ASSETS
Total Short-Term Assets $28.77M $26.90M
Total Long-Term Assets $30.73M $27.30M
Total Assets $59.50M $54.20M
YoY Change 9.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.304M $5.600M
YoY Change -76.71%
Accrued Expenses $7.871M $6.800M
YoY Change 15.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.250M $2.400M
YoY Change -6.25%
Total Short-Term Liabilities $17.77M $17.90M
YoY Change -0.73%
LONG-TERM LIABILITIES
Long-Term Debt $15.50M $29.60M
YoY Change -47.64%
Other Long-Term Liabilities $3.418M $3.800M
YoY Change -10.04%
Total Long-Term Liabilities $18.92M $33.40M
YoY Change -43.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.77M $17.90M
Total Long-Term Liabilities $18.92M $33.40M
Total Liabilities $51.29M $51.40M
YoY Change -0.22%
SHAREHOLDERS EQUITY
Retained Earnings $6.063M
YoY Change
Common Stock $54.49K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.208M $2.800M
YoY Change
Total Liabilities & Shareholders Equity $59.50M $54.20M
YoY Change 9.77%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $365.2K $1.418M
YoY Change -74.25% -557.38%
Depreciation, Depletion And Amortization $48.71K $33.27K
YoY Change 46.38% -97.85%
Cash From Operating Activities $580.0K -$190.0K
YoY Change -405.26% -122.62%
INVESTING ACTIVITIES
Capital Expenditures -$90.00K -$60.00K
YoY Change 50.0% 200.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$90.00K -$70.00K
YoY Change 28.57% -75.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -490.0K 260.0K
YoY Change -288.46% -148.15%
NET CHANGE
Cash From Operating Activities 580.0K -190.0K
Cash From Investing Activities -90.00K -70.00K
Cash From Financing Activities -490.0K 260.0K
Net Change In Cash 0.0000000004075 -0.0000000004948
YoY Change -182.35% -100.0%
FREE CASH FLOW
Cash From Operating Activities $580.0K -$190.0K
Capital Expenditures -$90.00K -$60.00K
Free Cash Flow $670.0K -$130.0K
YoY Change -615.38% -115.12%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Fiscal Year</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has a 52/53 week fiscal year. Fiscal periods for the consolidated financial statements included herein are as of </font><font style="font-family:inherit;font-size:10pt;">September&#160;28, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;29, 2013</font><font style="font-family:inherit;font-size:10pt;">, and include the </font><font style="font-family:inherit;font-size:10pt;">thirteen and thirty-nine</font><font style="font-family:inherit;font-size:10pt;"> week periods ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;28, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">September&#160;29, 2013</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NATURE OF OPERATIONS</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BG Staffing, Inc. 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dei Document Type
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dei Document Period End Date
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dei Entity Filer Category
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dei Entity Registrant Name
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BG Staffing, Inc.
dei Trading Symbol
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