$CECO
CECO ENVIRONMENTAL CORP

2014 Q4 Form 10-Q Financial Statement

#000119312514401222 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q1
Revenue $76.11M $63.30M $57.17M
YoY Change 0.0% 0.0% 0.0%
Cost Of Revenue $53.50M $42.24M $37.44M
YoY Change 13.35% 19.86% 61.54%
Gross Profit $22.59M $21.06M $19.73M
YoY Change 0.0% 0.0% 0.0%
Gross Profit Margin 29.68% 33.27% 34.51%
Selling, General & Admin $15.00M $13.04M $11.68M
YoY Change 14.5% 39.5% 77.17%
% of Gross Profit 66.41% 61.91% 59.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.170M $2.714M $2.770M
YoY Change -8.12% 43.75% 569.08%
% of Gross Profit 14.03% 12.89% 14.04%
Operating Expenses $18.00M $13.04M $11.68M
YoY Change 13.92% 39.5% 77.17%
Operating Profit $4.587M $5.245M $5.492M
YoY Change -32.41% -256.29% 64.53%
Interest Expense -$900.0K $767.0K $742.0K
YoY Change 12.5% 68.2% 664.95%
% of Operating Profit -19.62% 14.62% 13.51%
Other Income/Expense, Net -$600.0K -$1.459M -$106.0K
YoY Change -175.0% -1685.87% -180.92%
Pretax Income $2.200M $3.019M $4.644M
YoY Change -40.54% -181.16% 37.72%
Income Tax $400.0K -$684.0K $1.623M
% Of Pretax Income 18.18% -22.66% 34.95%
Net Earnings $1.860M $3.703M $3.021M
YoY Change 0.0% 0.0% 0.0%
Net Earnings / Revenue 2.44% 5.85% 5.28%
Basic Earnings Per Share $0.07 $0.14 $0.12
Diluted Earnings Per Share $0.07 $0.14 $0.12
COMMON SHARES
Basic Shares Outstanding 25.87M shares 25.69M shares 25.61M shares
Diluted Shares Outstanding 26.13M shares 26.12M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.20M $18.00M $19.20M
YoY Change -19.82% 32.35% 178.26%
Cash & Equivalents $18.16M $18.04M $19.23M
Short-Term Investments
Other Short-Term Assets $9.046M $6.594M $6.690M
YoY Change 36.01% -2.34% 15.34%
Inventory $23.42M $26.54M $24.77M
Prepaid Expenses
Receivables $58.39M $47.64M $43.45M
Other Receivables $4.200M $8.500M $3.600M
Total Short-Term Assets $143.0M $125.5M $114.4M
YoY Change 14.89% 2.45% 95.87%
LONG-TERM ASSETS
Property, Plant & Equipment $18.96M $18.17M $20.22M
YoY Change -9.86% -18.8% 260.98%
Goodwill $165.9M $144.3M $133.3M
YoY Change 27.7% 8.02%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.200M $4.100M $4.800M
YoY Change 34.78% -48.1% 4.35%
Total Long-Term Assets $269.1M $225.1M $221.4M
YoY Change 19.74% -2.63% 297.52%
TOTAL ASSETS
Total Short-Term Assets $143.0M $125.5M $114.4M
Total Long-Term Assets $269.1M $225.1M $221.4M
Total Assets $412.1M $350.6M $335.8M
YoY Change 18.01% -0.87% 194.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.90M $21.80M $27.60M
YoY Change -7.27% -28.05% 43.75%
Accrued Expenses $21.90M $11.80M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.887M $8.236M $6.909M
YoY Change -10.43% -3.31% 263.63%
Total Short-Term Liabilities $77.84M $55.74M $49.03M
YoY Change 31.19% 2.12% 37.72%
LONG-TERM LIABILITIES
Long-Term Debt $103.0M $76.07M $75.26M
YoY Change 30.08% -8.46% 9308.0%
Other Long-Term Liabilities $27.88M $11.18M $10.28M
YoY Change 170.67% -11.47% 68.49%
Total Long-Term Liabilities $130.9M $87.25M $85.54M
YoY Change 46.27% -8.86% 1139.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $77.84M $55.74M $49.03M
Total Long-Term Liabilities $130.9M $87.25M $85.54M
Total Liabilities $230.9M $172.7M $163.9M
YoY Change 29.13% -6.76% 273.44%
SHAREHOLDERS EQUITY
Retained Earnings $19.05M $18.75M $13.65M
YoY Change 59.94% 79.88%
Common Stock $169.2M $161.6M $159.8M
YoY Change 5.84% 0.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $356.0K $356.0K $356.0K
YoY Change 0.0% 0.0%
Treasury Stock Shares $137.9K 137.9K shares 137.9K shares
Shareholders Equity $181.2M $177.9M $171.9M
YoY Change
Total Liabilities & Shareholders Equity $412.1M $350.6M $335.8M
YoY Change 18.01% -0.87% 194.31%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q1
OPERATING ACTIVITIES
Net Income $1.860M $3.703M $3.021M
YoY Change 0.0% 0.0% 0.0%
Depreciation, Depletion And Amortization $3.170M $2.714M $2.770M
YoY Change -8.12% 43.75% 569.08%
Cash From Operating Activities $11.37M $4.530M $880.0K
YoY Change -17.67% 101.33% -89.18%
INVESTING ACTIVITIES
Capital Expenditures -$350.0K -$90.00K $415.0K
YoY Change -58.82% -68.97% 683.02%
Acquisitions
YoY Change
Other Investing Activities -$35.92M -$7.860M $4.810M
YoY Change -17204.76% -90.18% -119.73%
Cash From Investing Activities -$36.27M -$7.950M $4.400M
YoY Change 5750.0% -90.11% -118.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $973.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.73M 3.680M -8.710M
YoY Change -727.56% -95.75% -3729.17%
NET CHANGE
Cash From Operating Activities 11.37M 4.530M 880.0K
Cash From Investing Activities -36.27M -7.950M 4.400M
Cash From Financing Activities 25.73M 3.680M -8.710M
Net Change In Cash 830.0K 260.0K -3.430M
YoY Change -90.87% -96.94% -78.64%
FREE CASH FLOW
Cash From Operating Activities $11.37M $4.530M $880.0K
Capital Expenditures -$350.0K -$90.00K $415.0K
Free Cash Flow $11.72M $4.620M $465.0K
YoY Change -20.05% 81.89% -94.24%

Facts In Submission

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