2012 Q1 Form 10-K Financial Statement

#000101617812000017 Filed on June 29, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2012 2011 Q1
Revenue $19.88M
YoY Change -25.78%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $310.0K $1.369M $1.130M
YoY Change -72.57% -10.76% 222.86%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit -$23.41M
YoY Change -40.78%
Interest Expense -$2.481M $8.053M
YoY Change -14.83%
% of Operating Profit
Other Income/Expense, Net $11.05M
YoY Change 14.16%
Pretax Income -$7.240M -$23.74M -$6.730M
YoY Change 7.58% -0.05% 107.08%
Income Tax $34.00K -$961.0K -$1.300M
% Of Pretax Income
Net Earnings -$7.150M -$23.41M -$5.490M
YoY Change 30.24% -40.7% 150.68%
Net Earnings / Revenue -117.72%
Basic Earnings Per Share -$1.93 -$14.26
Diluted Earnings Per Share -$1.932M -$14.26 -$32.29M
COMMON SHARES
Basic Shares Outstanding 3.695M shares 1.662M shares
Diluted Shares Outstanding 1.662M shares

Balance Sheet

Concept 2012 Q1 2012 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $187.9M $115.3M
YoY Change 62.92%
Cash & Equivalents $91.70M $44.08M
Short-Term Investments $96.19M $71.25M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $9.573M $9.600M $11.04M
YoY Change -13.29% -12.73% -8.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $641.2M $641.2M $709.2M
YoY Change -9.59% -9.59% -11.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.600M $8.600M $8.200M
YoY Change 4.88% 4.88% -8.89%
Total Long-Term Liabilities $8.600M $8.600M $8.200M
YoY Change 4.88% 4.88% -8.89%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $8.600M $8.600M $8.200M
Total Liabilities $584.6M $587.4M $681.5M
YoY Change -14.22% -14.31% -8.38%
SHAREHOLDERS EQUITY
Retained Earnings -$45.09M -$21.46M
YoY Change 110.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $447.0K $569.0K
YoY Change -21.44%
Treasury Stock Shares 2.090K shares 2.090K shares
Shareholders Equity $53.90M $53.90M $23.70M
YoY Change
Total Liabilities & Shareholders Equity $641.2M $641.2M $709.2M
YoY Change -9.59% -9.59% -11.95%

Cashflow Statement

Concept 2012 Q1 2012 2011 Q1
OPERATING ACTIVITIES
Net Income -$7.150M -$23.41M -$5.490M
YoY Change 30.24% -40.7% 150.68%
Depreciation, Depletion And Amortization $310.0K $1.369M $1.130M
YoY Change -72.57% -10.76% 222.86%
Cash From Operating Activities $6.010M $31.53M $5.020M
YoY Change 19.72% 632.02% 81.23%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $144.0K $0.00
YoY Change -71.31%
Acquisitions
YoY Change
Other Investing Activities $1.620M $62.48M $13.16M
YoY Change -87.69% 11.29% -35.99%
Cash From Investing Activities $1.620M $62.34M $13.16M
YoY Change -87.69% 12.04% -35.99%
FINANCING ACTIVITIES
Cash Dividend Paid $364.0K
YoY Change -151.12%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.61M -$46.25M -26.79M
YoY Change -15.6% -14.7% 523.02%
NET CHANGE
Cash From Operating Activities 6.010M $31.53M 5.020M
Cash From Investing Activities 1.620M $62.34M 13.16M
Cash From Financing Activities -22.61M -$46.25M -26.79M
Net Change In Cash -14.98M $47.62M -8.610M
YoY Change 73.98% 730.92% -145.24%
FREE CASH FLOW
Cash From Operating Activities $6.010M $31.53M $5.020M
Capital Expenditures $0.00 $144.0K $0.00
Free Cash Flow $6.010M $31.38M $5.020M
YoY Change 19.72% 724.81%

Facts In Submission

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CY2012 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
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CY2010 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2011 us-gaap Noninterest Expense
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CY2010 us-gaap Other Comprehensive Income Minimum Pension Liability Net Adjustment Before Tax
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36000 USD
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CY2011 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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-124000 USD
CY2011 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
80653000 USD
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CY2010 us-gaap Payments To Acquire Held To Maturity Securities
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0 USD
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USD
CY2011 us-gaap Payments To Acquire Held To Maturity Securities
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CY2010 us-gaap Payments To Acquire Property Plant And Equipment
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CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
502000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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144000 USD
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PreferredStockLiquidationPreference
0
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CY2011Q1 us-gaap Preferred Stock Redemption Price Per Share
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1000
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CY2012Q1 us-gaap Preferred Stock Shares Authorized
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CY2012Q1 us-gaap Preferred Stock Shares Outstanding
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CY2012Q1 us-gaap Preferred Stock Value Outstanding
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CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
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CY2012 us-gaap Proceeds From Payments For Other Financing Activities
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CY2011 us-gaap Proceeds From Sale Of Loans Held For Investment
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CY2010 us-gaap Proceeds From Sale Of Loans Held For Investment
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349000 USD
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CY2012 us-gaap Proceeds From Sale Of Loans Held For Sale
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CY2011 us-gaap Proceeds From Sale Of Loans Held For Sale
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564000 USD
CY2010 us-gaap Proceeds From Sale Of Other Real Estate
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CY2011 us-gaap Proceeds From Sale Of Other Real Estate
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CY2012 us-gaap Professional Fees
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CY2011 us-gaap Professional Fees
ProfessionalFees
1312000 USD
CY2010 us-gaap Professional Fees
ProfessionalFees
803000 USD
CY2011Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-21464000 USD
CY2010 us-gaap Revenues Net Of Interest Expense
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29455000 USD
CY2011 us-gaap Revenues Net Of Interest Expense
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26790000 USD
CY2012 us-gaap Revenues Net Of Interest Expense
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19883000 USD
CY2012Q1 us-gaap Property Plant And Equipment Net
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9573000 USD
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11040000 USD
CY2011 us-gaap Provision For Loan And Lease Losses
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27114000 USD
CY2012 us-gaap Provision For Loan And Lease Losses
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16342000 USD
CY2010 us-gaap Provision For Loan And Lease Losses
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CY2010 us-gaap Real Estate Owned Valuation Allowance Provision
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0 USD
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RealEstateOwnedValuationAllowanceProvision
-98000 USD
CY2010 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
-950000 USD
CY2011 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
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CY2011Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2012Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
6415000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2012 us-gaap Servicing Fees Net
ServicingFeesNet
895000 USD
CY2011 us-gaap Servicing Fees Net
ServicingFeesNet
1022000 USD
CY2010 us-gaap Servicing Fees Net
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CY2011 us-gaap Share Based Compensation
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0 USD
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27000 USD
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2011Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27717000 USD
CY2010Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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61686000 USD
CY2009Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
64338000 USD
CY2012 us-gaap Stockholders Equity Period Increase Decrease
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51432000 USD
CY2010 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
0 USD
CY2011 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
6655000 USD
CY2012 us-gaap Subsequent Event Pro Forma Business Combinations
SubsequentEventProFormaBusinessCombinations
<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;">Subsequent Events</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;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In accordance with ASC Topic 855, the Company has evaluated whether any subsequent events that require recognition or disclosure in the accompanying financial statements and notes thereto have taken place through the date these financial statements were issued. The Company has determined that there are no such subsequent events to report.</font></div></div>
CY2011Q1 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
0 USD
CY2012Q1 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
1000 USD
CY2011Q1 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
0
CY2012Q1 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
1000
CY2011Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
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0
CY2012Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
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CY2011Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
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CY2012Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
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CY2012 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0 USD
CY2010 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
17731000 USD
CY2011 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0 USD
CY2010 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
2850000 USD
CY2011 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
2413000 USD
CY2012 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
CY2011Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2012Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2090 shares
CY2012Q1 us-gaap Treasury Stock Value
TreasuryStockValue
447000 USD
CY2011Q1 us-gaap Treasury Stock Value
TreasuryStockValue
569000 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
81000 USD
CY2010 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
68000 USD
CY2011 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
132000 USD
CY2012 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
299000 USD
CY2010 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
181000 USD
CY2011 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
381000 USD
CY2010 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-14321000 USD
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 USD
CY2011 carv New Market Tax Credit Fees
NewMarketTaxCreditFees
1940000 USD
CY2012 carv New Market Tax Credit Fees
NewMarketTaxCreditFees
625000 USD
CY2010 carv New Market Tax Credit Fees
NewMarketTaxCreditFees
984000 USD
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001016178
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3695174 shares
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2012Q1 dei Entity Public Float
EntityPublicFloat
22725320 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
CARVER BANCORP INC
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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carv-20120331.xml Edgar Link completed
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