$CGNX
COGNEX CORP

2012 Q3 Form 10-Q Financial Statement

#000119312512439710 Filed on October 29, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q4 2011 Q1
Revenue $80.08M $80.09M
YoY Change -3.99% 6.78%
Cost Of Revenue $19.51M $18.95M
YoY Change 0.55% 0.28%
Gross Profit $60.57M $61.13M
YoY Change -5.36% 8.97%
Gross Profit Margin 75.64% 76.33%
Selling, General & Admin $28.77M $28.14M
YoY Change -2.49% 8.63%
% of Gross Profit 47.49% 46.02%
Research & Development $10.00M $10.61M
YoY Change -4.74% 32.6%
% of Gross Profit 16.51% 17.35%
Depreciation & Amortization $2.700M $2.500M
YoY Change 12.5% 4.17%
% of Gross Profit 4.46% 4.09%
Operating Expenses $38.77M $38.74M
YoY Change -3.08% 14.62%
Operating Profit $21.80M $22.39M
YoY Change -9.15% 0.4%
Interest Expense $1.800M $700.0K
YoY Change 100.0% 40.0%
% of Operating Profit 8.26% 3.13%
Other Income/Expense, Net -$131.0K -$156.0K
YoY Change 31.0% 56.0%
Pretax Income $22.09M $22.92M
YoY Change -10.94% 1.41%
Income Tax $4.281M $4.882M
% Of Pretax Income 19.38% 21.3%
Net Earnings $17.81M $18.04M
YoY Change -6.78% -0.35%
Net Earnings / Revenue 22.24% 22.52%
Basic Earnings Per Share $0.21 $0.43
Diluted Earnings Per Share $0.20 $0.42
COMMON SHARES
Basic Shares Outstanding 85.82M shares 42.13M shares
Diluted Shares Outstanding 87.26M shares 42.98M shares

Balance Sheet

Concept 2012 Q3 2011 Q4 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $156.0M $182.5M
YoY Change -36.24% 20.33%
Cash & Equivalents $54.16M $38.10M $33.20M
Short-Term Investments $101.9M $144.4M
Other Short-Term Assets $30.40M $27.30M
YoY Change 8.19% -21.1%
Inventory $25.00M $28.10M
Prepaid Expenses
Receivables $44.76M $48.21M
Other Receivables $0.00 $0.00
Total Short-Term Assets $250.2M $285.3M
YoY Change -26.9% 10.86%
LONG-TERM ASSETS
Property, Plant & Equipment $34.34M $31.74M
YoY Change 12.24% 12.17%
Goodwill $81.69M $82.03M
YoY Change -0.21%
Intangibles
YoY Change
Long-Term Investments $124.7M $173.5M
YoY Change 14.72% 95.82%
Other Assets $2.785M $3.027M
YoY Change -83.99% -83.81%
Total Long-Term Assets $411.9M $326.5M
YoY Change 58.18% 34.76%
TOTAL ASSETS
Total Short-Term Assets $250.2M $285.3M
Total Long-Term Assets $411.9M $326.5M
Total Assets $662.1M $611.9M
YoY Change 9.86% 22.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.567M $7.098M
YoY Change 9.67% 12.67%
Accrued Expenses $28.92M $32.29M
YoY Change 3.65% 21.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $51.82M $54.11M
YoY Change -8.6% -8.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $5.100M $4.300M
YoY Change -10.53% -14.0%
Total Long-Term Liabilities $5.100M $4.300M
YoY Change -10.53% -14.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.82M $54.11M
Total Long-Term Liabilities $5.100M $4.300M
Total Liabilities $55.20M $57.10M
YoY Change -11.54% -11.2%
SHAREHOLDERS EQUITY
Retained Earnings $472.7M $434.6M
YoY Change
Common Stock $161.3M $135.7M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $605.4M $553.0M
YoY Change
Total Liabilities & Shareholders Equity $662.1M $611.9M
YoY Change 9.86% 22.45%

Cashflow Statement

Concept 2012 Q3 2011 Q4 2011 Q1
OPERATING ACTIVITIES
Net Income $17.81M $18.04M
YoY Change -6.78% -0.35%
Depreciation, Depletion And Amortization $2.700M $2.500M
YoY Change 12.5% 4.17%
Cash From Operating Activities $27.30M $14.20M
YoY Change 0.0% -44.09%
INVESTING ACTIVITIES
Capital Expenditures -$2.800M -$1.900M
YoY Change 40.0% 72.73%
Acquisitions
YoY Change
Other Investing Activities $153.3M -$17.20M
YoY Change -626.8% -55.09%
Cash From Investing Activities $150.5M -$19.10M
YoY Change -582.37% -51.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.800M -5.500M
YoY Change -142.22% -217.02%
NET CHANGE
Cash From Operating Activities 27.30M 14.20M
Cash From Investing Activities 150.5M -19.10M
Cash From Financing Activities -3.800M -5.500M
Net Change In Cash 174.0M -10.40M
YoY Change 3311.76% 11.83%
FREE CASH FLOW
Cash From Operating Activities $27.30M $14.20M
Capital Expenditures -$2.800M -$1.900M
Free Cash Flow $30.10M $16.10M
YoY Change 2.73% -39.25%

Facts In Submission

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cgnx Effective Income Tax Rate Reconciliation Discrete Tax Events
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Type
DocumentType
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dei Document Period End Date
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2012-09-30
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Trading Symbol
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dei Entity Registrant Name
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201000
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2704000
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
102000
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.012 pure
CY2012Q3 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
1000
CY2012Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01 pure
CY2012Q3 cgnx Shares Based Compensation Arrangement By Shares Based Payment Award Options Exercisable Intrinsic Value
SharesBasedCompensationArrangementBySharesBasedPaymentAwardOptionsExercisableIntrinsicValue
1436000
CY2012Q3 cgnx Increase In Liability Net Of Deferred Tax Benefit For Uncertain Tax Positions
IncreaseInLiabilityNetOfDeferredTaxBenefitForUncertainTaxPositions
206000
CY2012Q3 cgnx Increase Decrease Interest And Penalties
IncreaseDecreaseInterestAndPenalties
32000
CY2012Q3 cgnx Gross Margin Products
GrossMarginProducts
56574000
CY2012Q3 cgnx Gross Margin Services
GrossMarginServices
3996000
CY2012Q3 cgnx Effective Income Tax Rate Continuing Operations Prior To Discrete Tax Event
EffectiveIncomeTaxRateContinuingOperationsPriorToDiscreteTaxEvent
0.21 pure
CY2012Q3 cgnx Effective Income Tax Rate Reconciliation Discrete Tax Events
EffectiveIncomeTaxRateReconciliationDiscreteTaxEvents
-0.02 pure

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