$CECO
CECO ENVIRONMENTAL CORP

2014 Q2 Form 10-Q Financial Statement

#000119312514300176 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $66.64M $47.57M
YoY Change 40.1% 32.77%
Cost Of Revenue $45.19M $30.14M
YoY Change 49.96% 25.33%
Gross Profit $21.45M $21.45M
YoY Change 0.0% 103.37%
Gross Profit Margin 32.19% 45.09%
Selling, General & Admin $11.69M $8.100M
YoY Change 44.26% 30.94%
% of Gross Profit 54.48% 37.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.619M $899.0K
YoY Change 191.32% 210.0%
% of Gross Profit 12.21% 4.19%
Operating Expenses $11.69M $8.100M
YoY Change 44.26% 30.94%
Operating Profit $7.188M $3.307M
YoY Change 117.36% -22.82%
Interest Expense $746.0K $154.0K
YoY Change 384.42% -42.11%
% of Operating Profit 10.38% 4.66%
Other Income/Expense, Net -$121.0K -$59.00K
YoY Change 105.08% -6000.0%
Pretax Income $6.321M $3.094M
YoY Change 104.3% -23.03%
Income Tax $1.828M $51.00K
% Of Pretax Income 28.92% 1.65%
Net Earnings $4.493M $4.493M
YoY Change 0.0% 80.8%
Net Earnings / Revenue 6.74% 9.45%
Basic Earnings Per Share $0.18 $0.18
Diluted Earnings Per Share $0.17 $0.17
COMMON SHARES
Basic Shares Outstanding 25.64M shares 17.75M shares
Diluted Shares Outstanding 26.11M shares 18.36M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.80M $5.100M
YoY Change 249.02% -74.24%
Cash & Equivalents $17.79M $5.066M
Short-Term Investments
Other Short-Term Assets $6.153M $6.682M
YoY Change -7.92% 102.48%
Inventory $24.06M $6.080M
Prepaid Expenses
Receivables $41.30M $28.28M
Other Receivables $5.600M $0.00
Total Short-Term Assets $114.4M $59.82M
YoY Change 91.2% 13.3%
LONG-TERM ASSETS
Property, Plant & Equipment $19.43M $5.529M
YoY Change 251.46% 4.32%
Goodwill $134.0M $27.58M
YoY Change 385.9%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.500M $4.300M
YoY Change 4.65% 168.75%
Total Long-Term Assets $219.2M $57.74M
YoY Change 279.74% 130.02%
TOTAL ASSETS
Total Short-Term Assets $114.4M $59.82M
Total Long-Term Assets $219.2M $57.74M
Total Assets $333.6M $117.6M
YoY Change 183.79% 50.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.50M $20.10M
YoY Change -2.99% 84.4%
Accrued Expenses $6.000M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.013M $1.579M
YoY Change 344.14%
Total Short-Term Liabilities $45.66M $33.79M
YoY Change 35.12% 79.76%
LONG-TERM LIABILITIES
Long-Term Debt $72.17M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $10.21M $6.471M
YoY Change 57.73% 102.22%
Total Long-Term Liabilities $82.38M $6.471M
YoY Change 1173.02% -47.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.66M $33.79M
Total Long-Term Liabilities $82.38M $6.471M
Total Liabilities $158.0M $44.47M
YoY Change 255.33% 42.54%
SHAREHOLDERS EQUITY
Retained Earnings $16.60M $13.17M
YoY Change 26.05%
Common Stock $160.4M $63.21M
YoY Change 153.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $356.0K $356.0K
YoY Change 0.0%
Treasury Stock Shares 137.9K shares 137.9K shares
Shareholders Equity $175.6M $73.09M
YoY Change
Total Liabilities & Shareholders Equity $333.6M $117.6M
YoY Change 183.79% 50.91%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $4.493M $4.493M
YoY Change 0.0% 80.8%
Depreciation, Depletion And Amortization $2.619M $899.0K
YoY Change 191.32% 210.0%
Cash From Operating Activities $890.0K -$10.00K
YoY Change -9000.0% -101.12%
INVESTING ACTIVITIES
Capital Expenditures -$290.0K -$190.0K
YoY Change 52.63% 216.67%
Acquisitions
YoY Change
Other Investing Activities $2.310M $0.00
YoY Change
Cash From Investing Activities $2.010M -$190.0K
YoY Change -1157.89% 216.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.350M -1.670M
YoY Change 160.48% 83.52%
NET CHANGE
Cash From Operating Activities 890.0K -10.00K
Cash From Investing Activities 2.010M -190.0K
Cash From Financing Activities -4.350M -1.670M
Net Change In Cash -1.450M -1.870M
YoY Change -22.46% 2237.5%
FREE CASH FLOW
Cash From Operating Activities $890.0K -$10.00K
Capital Expenditures -$290.0K -$190.0K
Free Cash Flow $1.180M $180.0K
YoY Change 555.56% -81.05%

Facts In Submission

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