$CIX
COMPX INTERNATIONAL INC

2017 Q1 Form 10-Q Financial Statement

#000156459017009100 Filed on May 05, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2016 Q1
Revenue $29.90M $26.30M $27.10M
YoY Change 10.33% 2.33% -2.87%
Cost Of Revenue $20.26M $17.26M $18.87M
YoY Change 7.37% -4.75% -2.35%
Gross Profit $9.700M $9.100M $8.200M
YoY Change 18.29% 21.33% -4.65%
Gross Profit Margin 32.44% 34.6% 30.26%
Selling, General & Admin $5.162M $5.050M $4.852M
YoY Change 6.39% 0.4% -0.29%
% of Gross Profit 53.22% 55.49% 59.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $915.0K $910.0K $909.0K
YoY Change 0.66% 2.25% 2.6%
% of Gross Profit 9.43% 10.0% 11.09%
Operating Expenses $5.162M $5.040M $4.852M
YoY Change 6.39% 0.2% -0.29%
Operating Profit $4.500M $4.000M $3.400M
YoY Change 32.35% 53.85% -8.11%
Interest Expense $340.0K $230.0K $30.00K
YoY Change 1033.33% 200.0%
% of Operating Profit 7.56% 5.75% 0.88%
Other Income/Expense, Net
YoY Change
Pretax Income $4.859M $4.260M $3.385M
YoY Change 43.55% 67.06% -8.74%
Income Tax $1.708M $1.410M $1.185M
% Of Pretax Income 35.15% 33.1% 35.01%
Net Earnings $3.200M $2.900M $2.200M
YoY Change 45.45% 70.59% -8.33%
Net Earnings / Revenue 10.7% 11.03% 8.12%
Basic Earnings Per Share
Diluted Earnings Per Share $253.6K $229.5K $177.3K
COMMON SHARES
Basic Shares Outstanding 2.419M
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q4 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.10M $33.20M $48.10M
YoY Change -37.42% -36.52% 16.75%
Cash & Equivalents $30.11M $33.15M $48.06M
Short-Term Investments
Other Short-Term Assets $800.0K $700.0K $1.400M
YoY Change -42.86% 0.0% -51.72%
Inventory $15.30M $14.97M $14.40M
Prepaid Expenses
Receivables $13.00M $10.35M $11.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $59.23M $59.18M $75.70M
YoY Change -21.76% -23.06% 3.56%
LONG-TERM ASSETS
Property, Plant & Equipment $32.70M $33.10M $33.90M
YoY Change -3.54% -1.34% 3.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $29.00M $27.40M
YoY Change
Other Assets $600.0K $600.0K $600.0K
YoY Change 0.0% 1.69% 0.0%
Total Long-Term Assets $86.07M $84.83M $58.20M
YoY Change 47.89% 46.55% 1.57%
TOTAL ASSETS
Total Short-Term Assets $59.23M $59.18M $75.70M
Total Long-Term Assets $86.07M $84.83M $58.20M
Total Assets $145.3M $144.0M $133.9M
YoY Change 8.51% 6.83% 2.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.661M $2.614M $3.018M
YoY Change 21.31% -2.13% -16.95%
Accrued Expenses $5.900M $9.300M $5.600M
YoY Change 5.36% 4.49% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.00M $13.30M $9.700M
YoY Change 23.71% 10.03% -6.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $12.00M $13.30M $9.700M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $17.00M $18.20M $14.70M
YoY Change 15.65% 6.43% -16.48%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $128.3M $125.8M $119.3M
YoY Change
Total Liabilities & Shareholders Equity $145.3M $144.0M $133.9M
YoY Change 8.51% 6.83% 2.68%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2016 Q1
OPERATING ACTIVITIES
Net Income $3.200M $2.900M $2.200M
YoY Change 45.45% 70.59% -8.33%
Depreciation, Depletion And Amortization $915.0K $910.0K $909.0K
YoY Change 0.66% 2.25% 2.6%
Cash From Operating Activities -$210.0K $5.930M -$2.450M
YoY Change -91.43% -12.79% -18.47%
INVESTING ACTIVITIES
Capital Expenditures $609.0K -$840.0K $1.221M
YoY Change -50.12% -51.72% 54.56%
Acquisitions
YoY Change
Other Investing Activities -$1.600M -$16.70M
YoY Change
Cash From Investing Activities -$2.210M -$17.54M -$1.220M
YoY Change 81.15% 908.05% 54.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -620.0K -620.0K -620.0K
YoY Change 0.0% 0.0% 0.0%
NET CHANGE
Cash From Operating Activities -210.0K 5.930M -2.450M
Cash From Investing Activities -2.210M -17.54M -1.220M
Cash From Financing Activities -620.0K -620.0K -620.0K
Net Change In Cash -3.040M -12.23M -4.290M
YoY Change -29.14% -375.45% 42.76%
FREE CASH FLOW
Cash From Operating Activities -$210.0K $5.930M -$2.450M
Capital Expenditures $609.0K -$840.0K $1.221M
Free Cash Flow -$819.0K $6.770M -$3.671M
YoY Change -77.69% -20.73% -3.27%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q1 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
648000
CY2016Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-627000
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3066000
CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2303000
CY2017Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
381000
CY2017Q1 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
1079000
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1221000
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
609000
CY2017Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
335000
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4859000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1185000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1708000
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1221000
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2209000
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
620000
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4289000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52347000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48058000
CY2016Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
565000
CY2017Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
585000
CY2017Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
621000
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
701000
CY2017Q1 us-gaap Assets Current
AssetsCurrent
59227000
CY2016Q4 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
27400000
CY2016Q4 us-gaap Assets Current
AssetsCurrent
59175000
CY2017Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
779000
CY2017Q1 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
29000000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
2200000
CY2016Q1 us-gaap Gross Profit
GrossProfit
8205000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3353000
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4852000
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
32000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3385000
CY2017Q1 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
12500000
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-28000
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-58000
CY2017Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
14100000
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3121000
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3040000
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
675000
CY2017Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
621000
CY2017Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12411000
CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12419000
CY2017Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-14000
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2644000
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
78000
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
909000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
3151000
CY2017Q1 us-gaap Gross Profit
GrossProfit
9686000
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
915000
CY2017Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
37000
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5162000
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2448000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
4524000
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-210000
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.18
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.25
CY2016Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
386000
CY2017Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
388000
CY2016Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1185000
CY2017Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1701000
CY2016Q1 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
105000
CY2016Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
98000
CY2016Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
7000
CY2016Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
70000
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2743000
CY2017Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2781000
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8988000
CY2017Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9776000
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3243000
CY2017Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2790000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
70000
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2614000
CY2017Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
3661000
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7644000
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4091000
CY2016Q4 cix Accrued Customer Tooling Cost
AccruedCustomerToolingCost
346000
CY2017Q1 cix Accrued Customer Tooling Cost
AccruedCustomerToolingCost
388000
CY2016Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
300000
CY2017Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
498000
CY2016Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
233000
CY2017Q1 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
179000
CY2016Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
219000
CY2017Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
211000
CY2016Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
140000
CY2017Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
112000
CY2017Q1 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
145000
CY2017Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
132000
CY2017Q1 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
20000
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
600000

Files In Submission

Name View Source Status
0001564590-17-009100-index-headers.html Edgar Link pending
0001564590-17-009100-index.html Edgar Link pending
0001564590-17-009100.txt Edgar Link pending
0001564590-17-009100-xbrl.zip Edgar Link pending
cix-10q_20170331.htm Edgar Link pending
cix-20170331.xml Edgar Link completed
cix-20170331.xsd Edgar Link pending
cix-20170331_cal.xml Edgar Link unprocessable
cix-20170331_def.xml Edgar Link unprocessable
cix-20170331_lab.xml Edgar Link unprocessable
cix-20170331_pre.xml Edgar Link unprocessable
cix-ex311_8.htm Edgar Link pending
cix-ex312_6.htm Edgar Link pending
cix-ex321_7.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending