$CIX
COMPX INTERNATIONAL INC

2020 Q1 Form 10-Q Financial Statement

#000156459020021267 Filed on May 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $32.31M $31.20M
YoY Change 3.56% 9.86%
Cost Of Revenue $21.88M $21.55M
YoY Change 1.52% 13.97%
Gross Profit $10.40M $9.600M
YoY Change 8.33% 1.05%
Gross Profit Margin 32.19% 30.77%
Selling, General & Admin $5.411M $5.334M
YoY Change 1.44% 3.98%
% of Gross Profit 52.03% 55.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $950.0K $901.0K
YoY Change 5.44% 2.39%
% of Gross Profit 9.13% 9.39%
Operating Expenses $5.411M $5.334M
YoY Change 1.44% 3.98%
Operating Profit $5.020M $4.300M
YoY Change 16.74% -2.27%
Interest Expense $607.0K $837.0K
YoY Change -27.48% 46.84%
% of Operating Profit 12.09% 19.47%
Other Income/Expense, Net
YoY Change
Pretax Income $5.627M $5.127M
YoY Change 9.75% 3.58%
Income Tax $1.356M $1.141M
% Of Pretax Income 24.1% 22.25%
Net Earnings $4.300M $4.000M
YoY Change 7.5% 7.35%
Net Earnings / Revenue 13.31% 12.82%
Basic Earnings Per Share
Diluted Earnings Per Share $343.2K $320.5K
COMMON SHARES
Basic Shares Outstanding 12.44M 2.436M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.05M $36.07M
YoY Change 77.57% 27.0%
Cash & Equivalents $64.05M $36.07M
Short-Term Investments
Other Short-Term Assets $1.414M $935.0K
YoY Change 51.23% 33.57%
Inventory $18.96M $18.51M
Prepaid Expenses
Receivables $15.23M $15.36M
Other Receivables $0.00 $0.00
Total Short-Term Assets $99.65M $70.87M
YoY Change 40.61% 21.98%
LONG-TERM ASSETS
Property, Plant & Equipment $30.36M $31.20M
YoY Change -2.69% -2.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $25.50M $40.00M
YoY Change -36.25% 5.26%
Other Assets $590.0K $590.0K
YoY Change 0.0% -1.67%
Total Long-Term Assets $80.19M $95.53M
YoY Change -16.06% 1.42%
TOTAL ASSETS
Total Short-Term Assets $99.65M $70.87M
Total Long-Term Assets $80.19M $95.53M
Total Assets $179.8M $166.4M
YoY Change 8.08% 9.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.778M $3.295M
YoY Change -15.69% 17.68%
Accrued Expenses $6.229M $5.928M
YoY Change 5.08% 4.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.25M $10.39M
YoY Change 8.28% 10.49%
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 $11.25M $10.39M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $14.63M $13.73M
YoY Change 6.54% 8.95%
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 $165.2M $152.7M
YoY Change
Total Liabilities & Shareholders Equity $179.8M $166.4M
YoY Change 8.08% 9.26%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $4.300M $4.000M
YoY Change 7.5% 7.35%
Depreciation, Depletion And Amortization $950.0K $901.0K
YoY Change 5.44% 2.39%
Cash From Operating Activities -$205.0K -$2.036M
YoY Change -89.93% 759.07%
INVESTING ACTIVITIES
Capital Expenditures $360.0K $439.0K
YoY Change -18.0% -168.59%
Acquisitions
YoY Change
Other Investing Activities $2.600M -$6.000M
YoY Change -143.33% -3100.0%
Cash From Investing Activities $2.240M -$6.439M
YoY Change -134.79% 1350.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.244M -870.0K
YoY Change 42.99% 40.32%
NET CHANGE
Cash From Operating Activities -205.0K -2.036M
Cash From Investing Activities 2.240M -6.439M
Cash From Financing Activities -1.244M -870.0K
Net Change In Cash 791.0K -9.345M
YoY Change -108.46% 1272.25%
FREE CASH FLOW
Cash From Operating Activities -$205.0K -$2.036M
Capital Expenditures $360.0K $439.0K
Free Cash Flow -$565.0K -$2.475M
YoY Change -77.17% -714.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
870000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
152678000
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2019Q1 us-gaap Profit Loss
ProfitLoss
3986000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
4271000
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
950000
CY2019Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-153000
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-62000
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3221000
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3362000
CY2019Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1475000
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
673000
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3216000
CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3011000
CY2019Q1 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
541000
CY2020Q1 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
1389000
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-151000
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-76000
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
21552000
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
21880000
CY2019Q1 us-gaap Gross Profit
GrossProfit
9624000
CY2020Q1 us-gaap Gross Profit
GrossProfit
10431000
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5334000
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5411000
CY2019Q1 cix Interest Income From Related Party And Dividend Income
InterestIncomeFromRelatedPartyAndDividendIncome
837000
CY2020Q1 cix Interest Income From Related Party And Dividend Income
InterestIncomeFromRelatedPartyAndDividendIncome
607000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5127000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5627000
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12436000
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12443000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
149562000
CY2019Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
3287000
CY2020Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
3380000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2036000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-205000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9345000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
791000
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
439000
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
360000
CY2019Q1 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
11400000
CY2020Q1 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
18228000
CY2019Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
17400000
CY2020Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
15628000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6439000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2240000
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
870000
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1244000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
45414000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
63255000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
36069000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
64046000
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
993000
CY2019Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
179000
CY2020Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
197000
CY2019Q1 cix Income Tax Reconciliation Foreign Derived Intangible Income Benefit
IncomeTaxReconciliationForeignDerivedIntangibleIncomeBenefit
-119000
CY2020Q1 cix Income Tax Reconciliation Foreign Derived Intangible Income Benefit
IncomeTaxReconciliationForeignDerivedIntangibleIncomeBenefit
-28000
CY2018 cix Income Tax Reconciliation Foreign Derived Intangible Income Benefit
IncomeTaxReconciliationForeignDerivedIntangibleIncomeBenefit
-98000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
70000
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
70000
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2941000
CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3104000
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11771000
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
12237000
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3636000
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
3621000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8331000
CY2020Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4552000
CY2019Q4 cix Accrued Customer Tooling Cost
AccruedCustomerToolingCost
264000
CY2020Q1 cix Accrued Customer Tooling Cost
AccruedCustomerToolingCost
239000

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