2015 Q2 Form 10-Q Financial Statement

#000119312515280103 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $21.31M $21.42M
YoY Change -0.52% 27.81%
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 $1.020M $1.050M
YoY Change -2.86% 84.21%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $3.155M $2.975M
YoY Change 6.05% 1.47%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.685M $7.848M
YoY Change -2.08% 112.74%
Income Tax $2.083M $2.231M
% Of Pretax Income 27.1% 28.43%
Net Earnings $5.602M $5.617M
YoY Change -0.27% 90.34%
Net Earnings / Revenue 26.29% 26.23%
Basic Earnings Per Share $0.39 $0.39
Diluted Earnings Per Share $0.39 $0.39
COMMON SHARES
Basic Shares Outstanding 14.32M shares 14.39M shares
Diluted Shares Outstanding 14.32M shares 14.39M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $30.40M $34.35M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $38.17M $32.76M
YoY Change 16.52% 31.91%
Goodwill $27.19M $27.19M
YoY Change 0.0% 148.44%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.254B $2.157B
YoY Change 4.5% 19.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.00M $22.20M
YoY Change 17.12% 105.56%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $76.10M $9.800M
YoY Change 676.53%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.00M $22.20M
YoY Change 17.12% 105.56%
LONG-TERM LIABILITIES
Long-Term Debt $20.60M $20.60M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $20.60M $20.60M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.00M $22.20M
Total Long-Term Liabilities $20.60M $20.60M
Total Liabilities $2.061B $1.979B
YoY Change 4.12% 17.93%
SHAREHOLDERS EQUITY
Retained Earnings $117.0M $103.1M
YoY Change 13.53% 11.94%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.170M $1.671M
YoY Change -29.98% 36.74%
Treasury Stock Shares 69.02K shares 101.5K shares
Shareholders Equity $192.7M $177.2M
YoY Change
Total Liabilities & Shareholders Equity $2.254B $2.157B
YoY Change 4.5% 19.19%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $5.602M $5.617M
YoY Change -0.27% 90.34%
Depreciation, Depletion And Amortization $1.020M $1.050M
YoY Change -2.86% 84.21%
Cash From Operating Activities $11.82M $7.260M
YoY Change 62.81% 8.68%
INVESTING ACTIVITIES
Capital Expenditures -$2.730M -$570.0K
YoY Change 378.95% -37.36%
Acquisitions
YoY Change
Other Investing Activities -$99.30M -$19.09M
YoY Change 420.17% -56.45%
Cash From Investing Activities -$102.0M -$19.66M
YoY Change 419.02% -56.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 68.98M 12.88M
YoY Change 435.56% -47.13%
NET CHANGE
Cash From Operating Activities 11.82M 7.260M
Cash From Investing Activities -102.0M -19.66M
Cash From Financing Activities 68.98M 12.88M
Net Change In Cash -21.24M 480.0K
YoY Change -4525.0% -103.5%
FREE CASH FLOW
Cash From Operating Activities $11.82M $7.260M
Capital Expenditures -$2.730M -$570.0K
Free Cash Flow $14.55M $7.830M
YoY Change 85.82% 3.16%

Facts In Submission

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ccne Legal Professional And Examination Fees
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ccne Grant Of Restricted Stock Awards From Treasury Stock
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ccne Amortization Of Core Deposit Intangible
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Rights
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NoninterestExpense
14121000
CY2015Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1091000
CY2015Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2165000
CY2015Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
22898000
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-61000
CY2015Q2 ccne Other Comprehensive Income Loss Reclassification Adjustment Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentIncludedInNetIncomeTax
-132000
CY2015Q2 ccne Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Earnings Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInEarningsTax
-33000
CY2015Q2 ccne Legal Professional And Examination Fees
LegalProfessionalAndExaminationFees
338000
CY2015Q2 ccne Amortization Of Core Deposit Intangible
AmortizationOfCoreDepositIntangible
259000
CY2015Q2 ccne Net Earnings Allocated To Participating Securities
NetEarningsAllocatedToParticipatingSecurities
-33000
CY2015Q2 ccne Average Participating Securities
AverageParticipatingSecurities
80000 shares

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0001193125-15-280103-index.html Edgar Link pending
0001193125-15-280103.txt Edgar Link pending
0001193125-15-280103-xbrl.zip Edgar Link pending
ccne-20150630.xml Edgar Link completed
ccne-20150630.xsd Edgar Link pending
ccne-20150630_cal.xml Edgar Link unprocessable
ccne-20150630_def.xml Edgar Link unprocessable
ccne-20150630_lab.xml Edgar Link unprocessable
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