$CIX
COMPX INTERNATIONAL INC

2021 Q1 Form 10-Q Financial Statement

#000156459021023348 Filed on May 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $35.92M $32.31M
YoY Change 11.18% 3.56%
Cost Of Revenue $24.89M $21.88M
YoY Change 13.75% 1.52%
Gross Profit $11.04M $10.40M
YoY Change 6.11% 8.33%
Gross Profit Margin 30.72% 32.19%
Selling, General & Admin $5.218M $5.411M
YoY Change -3.57% 1.44%
% of Gross Profit 47.29% 52.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $949.0K $950.0K
YoY Change -0.11% 5.44%
% of Gross Profit 8.6% 9.13%
Operating Expenses $5.218M $5.411M
YoY Change -3.57% 1.44%
Operating Profit $5.817M $5.020M
YoY Change 15.88% 16.74%
Interest Expense $338.0K $607.0K
YoY Change -44.32% -27.48%
% of Operating Profit 5.81% 12.09%
Other Income/Expense, Net
YoY Change
Pretax Income $6.155M $5.627M
YoY Change 9.38% 9.75%
Income Tax $1.470M $1.356M
% Of Pretax Income 23.88% 24.1%
Net Earnings $4.685M $4.300M
YoY Change 8.95% 7.5%
Net Earnings / Revenue 13.04% 13.31%
Basic Earnings Per Share $0.38
Diluted Earnings Per Share $0.38 $343.2K
COMMON SHARES
Basic Shares Outstanding 12.44M 12.44M
Diluted Shares Outstanding 12.44M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.75M $64.05M
YoY Change 1.09% 77.57%
Cash & Equivalents $64.75M $64.05M
Short-Term Investments
Other Short-Term Assets $2.049M $1.414M
YoY Change 44.91% 51.23%
Inventory $18.15M $18.96M
Prepaid Expenses
Receivables $16.86M $15.23M
Other Receivables $0.00 $0.00
Total Short-Term Assets $101.8M $99.65M
YoY Change 2.16% 40.61%
LONG-TERM ASSETS
Property, Plant & Equipment $28.46M $30.36M
YoY Change -6.26% -2.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $29.20M $25.50M
YoY Change 14.51% -36.25%
Other Assets $591.0K $590.0K
YoY Change 0.17% 0.0%
Total Long-Term Assets $81.99M $80.19M
YoY Change 2.24% -16.06%
TOTAL ASSETS
Total Short-Term Assets $101.8M $99.65M
Total Long-Term Assets $81.99M $80.19M
Total Assets $183.8M $179.8M
YoY Change 2.2% 8.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.057M $2.778M
YoY Change 10.04% -15.69%
Accrued Expenses $6.440M $6.229M
YoY Change 3.39% 5.08%
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 $11.25M
YoY Change 0.49% 8.28%
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 $11.25M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $14.71M $14.63M
YoY Change 0.54% 6.54%
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 $169.1M $165.2M
YoY Change
Total Liabilities & Shareholders Equity $183.8M $179.8M
YoY Change 2.2% 8.08%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $4.685M $4.300M
YoY Change 8.95% 7.5%
Depreciation, Depletion And Amortization $949.0K $950.0K
YoY Change -0.11% 5.44%
Cash From Operating Activities -$2.377M -$205.0K
YoY Change 1059.51% -89.93%
INVESTING ACTIVITIES
Capital Expenditures $568.0K $360.0K
YoY Change 57.78% -18.0%
Acquisitions
YoY Change
Other Investing Activities $300.0K $2.600M
YoY Change -88.46% -143.33%
Cash From Investing Activities -$268.0K $2.240M
YoY Change -111.96% -134.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $755.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.245M -1.244M
YoY Change 160.85% 42.99%
NET CHANGE
Cash From Operating Activities -2.377M -205.0K
Cash From Investing Activities -268.0K 2.240M
Cash From Financing Activities -3.245M -1.244M
Net Change In Cash -5.890M 791.0K
YoY Change -844.63% -108.46%
FREE CASH FLOW
Cash From Operating Activities -$2.377M -$205.0K
Capital Expenditures $568.0K $360.0K
Free Cash Flow -$2.945M -$565.0K
YoY Change 421.24% -77.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1244000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
165222000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
167656000
CY2021Q1 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
755000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
169096000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
4271000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
4685000
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
950000
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
949000
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
93000
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
165000
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-62000
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-35000
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6127000
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-76000
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
576000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-205000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2377000
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
360000
CY2020Q1 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
18228000
CY2021Q1 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
11900000
CY2020Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
15628000
CY2021Q1 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
11600000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2240000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-268000
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1244000
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2490000
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
755000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1244000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3245000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
791000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5890000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
63255000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
70637000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
64046000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
64747000
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
446000
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32311000
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35924000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5020000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5817000
CY2020Q1 cix Interest Income From Related Party And Dividend Income
InterestIncomeFromRelatedPartyAndDividendIncome
607000
CY2021Q1 cix Interest Income From Related Party And Dividend Income
InterestIncomeFromRelatedPartyAndDividendIncome
338000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5627000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6155000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
70000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
70000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
10731000
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
16858000
CY2020Q4 us-gaap Inventory Net
InventoryNet
18337000
CY2021Q1 us-gaap Inventory Net
InventoryNet
18153000
CY2021Q1 cix Accrued Professional Services
AccruedProfessionalServices
243000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
441000
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
592000
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
12198000
CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
9497000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
197000
CY2020Q1 cix Income Tax Reconciliation Foreign Derived Intangible Income Benefit
IncomeTaxReconciliationForeignDerivedIntangibleIncomeBenefit
-28000
CY2021Q1 cix Income Tax Reconciliation Foreign Derived Intangible Income Benefit
IncomeTaxReconciliationForeignDerivedIntangibleIncomeBenefit
-23000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1356000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1470000
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
50000000
CY2021Q1 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
755000
CY2021Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
627547000

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