$CIX
COMPX INTERNATIONAL INC

2017 Q2 Form 10-Q Financial Statement

#000156459017015669 Filed on August 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $30.00M $27.10M
YoY Change 10.7% -6.23%
Cost Of Revenue $20.49M $18.62M
YoY Change 10.06% -5.75%
Gross Profit $9.500M $8.500M
YoY Change 11.76% -7.61%
Gross Profit Margin 31.67% 31.37%
Selling, General & Admin $4.910M $4.769M
YoY Change 2.96% -1.75%
% of Gross Profit 51.68% 56.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $910.0K $940.0K
YoY Change -3.19% 6.82%
% of Gross Profit 9.58% 11.06%
Operating Expenses $4.910M $4.769M
YoY Change 2.96% -1.75%
Operating Profit $4.600M $3.700M
YoY Change 24.32% -13.95%
Interest Expense $480.0K $40.00K
YoY Change 1100.0% 300.0%
% of Operating Profit 10.43% 1.08%
Other Income/Expense, Net
YoY Change
Pretax Income $5.080M $3.758M
YoY Change 35.18% -12.89%
Income Tax $1.780M $1.320M
% Of Pretax Income 35.04% 35.13%
Net Earnings $3.300M $2.400M
YoY Change 37.5% -14.29%
Net Earnings / Revenue 11.0% 8.86%
Basic Earnings Per Share
Diluted Earnings Per Share $265.7K $196.5K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.50M $51.30M
YoY Change -56.14% 19.3%
Cash & Equivalents $22.54M $51.30M
Short-Term Investments
Other Short-Term Assets $700.0K $1.300M
YoY Change -46.15% -58.06%
Inventory $15.30M $14.10M
Prepaid Expenses
Receivables $12.20M $12.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $50.70M $79.10M
YoY Change -35.9% 5.05%
LONG-TERM ASSETS
Property, Plant & Equipment $32.80M $33.30M
YoY Change -1.49% 0.9%
Goodwill $23.74M
YoY Change
Intangibles
YoY Change
Long-Term Investments $39.50M
YoY Change
Other Assets $600.0K $590.0K
YoY Change 1.69% -1.67%
Total Long-Term Assets $96.60M $57.67M
YoY Change 67.51% 0.64%
TOTAL ASSETS
Total Short-Term Assets $50.70M $79.10M
Total Long-Term Assets $96.60M $57.67M
Total Assets $147.3M $136.8M
YoY Change 7.7% 3.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.506M $3.207M
YoY Change 9.32% 9.45%
Accrued Expenses $6.700M $6.800M
YoY Change -1.47% -2.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.30M $10.60M
YoY Change 6.58% 0.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $11.30M $10.60M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $16.20M $15.60M
YoY Change 3.85% -11.36%
SHAREHOLDERS EQUITY
Retained Earnings $65.55M
YoY Change
Common Stock $55.52M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $131.1M $121.2M
YoY Change
Total Liabilities & Shareholders Equity $147.3M $136.8M
YoY Change 7.7% 3.14%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $3.300M $2.400M
YoY Change 37.5% -14.29%
Depreciation, Depletion And Amortization $910.0K $940.0K
YoY Change -3.19% 6.82%
Cash From Operating Activities $4.540M $4.320M
YoY Change 5.09% 20.0%
INVESTING ACTIVITIES
Capital Expenditures -$990.0K -$450.0K
YoY Change 120.0% -59.82%
Acquisitions
YoY Change
Other Investing Activities -$10.50M
YoY Change
Cash From Investing Activities -$11.49M -$450.0K
YoY Change 2453.33% -59.82%
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
YoY Change 0.0% 0.0%
NET CHANGE
Cash From Operating Activities 4.540M 4.320M
Cash From Investing Activities -11.49M -450.0K
Cash From Financing Activities -620.0K -620.0K
Net Change In Cash -7.570M 3.250M
YoY Change -332.92% 74.73%
FREE CASH FLOW
Cash From Operating Activities $4.540M $4.320M
Capital Expenditures -$990.0K -$450.0K
Free Cash Flow $5.530M $4.770M
YoY Change 15.93% 1.06%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
39300000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-13699000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1242000
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
27200000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
626000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-32000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-10610000
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51300000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3747000
cix Adjustments To Additional Paid In Capital Stock Issued
AdjustmentsToAdditionalPaidInCapitalStockIssued
97000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1242000
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2614000
CY2017Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
3506000
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7644000
CY2017Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5195000
CY2017Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
426000
CY2016Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
233000
CY2017Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
153000
CY2016Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
219000
CY2017Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
22000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
70000
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2743000
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8988000
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3243000
CY2016Q4 cix Accrued Customer Tooling Cost
AccruedCustomerToolingCost
346000
CY2017Q2 cix Accrued Customer Tooling Cost
AccruedCustomerToolingCost
355000
CY2016Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
300000
CY2016Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
140000
CY2017Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
127000
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
386000
CY2017Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
381000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2500000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3480000
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
15000
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
38000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
600000
us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
218000
us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
298000
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
208000
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
269000

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