2011 Q4 Form 10-Q Financial Statement

#000081695611000003 Filed on November 01, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q3
Revenue $185.6M $172.8M $172.2M
YoY Change 0.81% 0.36% -1.88%
Cost Of Revenue $88.20M $81.50M $83.21M
YoY Change -5.36% -2.05% -5.23%
Gross Profit $96.45M $91.31M $88.98M
YoY Change 6.08% 2.62% 1.58%
Gross Profit Margin 51.97% 52.84% 51.68%
Selling, General & Admin $70.30M $68.35M $66.09M
YoY Change 2.93% 3.42% -2.09%
% of Gross Profit 72.89% 74.85% 74.27%
Research & Development $7.200M $7.021M $7.399M
YoY Change -11.11% -5.11% -3.91%
% of Gross Profit 7.46% 7.69% 8.32%
Depreciation & Amortization $10.30M $9.600M $9.600M
YoY Change 7.29% 0.0% 0.0%
% of Gross Profit 10.68% 10.51% 10.79%
Operating Expenses $77.50M $75.37M $73.78M
YoY Change 1.44% 2.16% -2.02%
Operating Profit $18.95M $15.94M $15.20M
YoY Change 30.5% 4.85% 23.59%
Interest Expense -$2.100M $1.670M $1.749M
YoY Change -27.59% -4.52% -156.42%
% of Operating Profit -11.08% 10.48% 11.51%
Other Income/Expense, Net
YoY Change
Pretax Income -$43.70M $13.14M $12.39M
YoY Change -512.26% 6.01% 552.32%
Income Tax -$18.60M $4.928M $3.636M
% Of Pretax Income 37.51% 29.34%
Net Earnings -$25.13M $8.211M $8.758M
YoY Change -460.97% -6.25% 573.69%
Net Earnings / Revenue -13.54% 4.75% 5.09%
Basic Earnings Per Share -$0.90 $0.29 $0.31
Diluted Earnings Per Share -$0.90 $0.29 $0.31
COMMON SHARES
Basic Shares Outstanding 27.92M shares 28.35M shares 28.43M shares
Diluted Shares Outstanding 28.55M shares 28.52M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.00M $39.90M $16.50M
YoY Change 109.68% 141.82% 16.2%
Cash & Equivalents $26.05M $39.88M $16.52M
Short-Term Investments
Other Short-Term Assets $26.60M $24.50M $26.00M
YoY Change 35.03% -5.77% -5.11%
Inventory $168.4M $174.8M $183.3M
Prepaid Expenses
Receivables $135.6M $130.9M $141.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $356.7M $370.1M $367.2M
YoY Change 1.87% 0.79% 16.17%
LONG-TERM ASSETS
Property, Plant & Equipment $139.2M $139.6M $141.8M
YoY Change -1.21% -1.56% -3.14%
Goodwill $234.8M $295.0M
YoY Change -20.42%
Intangibles $195.5M $185.4M
YoY Change 2.86%
Long-Term Investments
YoY Change
Other Assets $9.300M $9.100M $7.300M
YoY Change -2.11% 24.66% 12.31%
Total Long-Term Assets $578.9M $629.1M $635.7M
YoY Change -8.92% -1.04% 0.05%
TOTAL ASSETS
Total Short-Term Assets $356.7M $370.1M $367.2M
Total Long-Term Assets $578.9M $629.1M $635.7M
Total Assets $935.6M $999.2M $1.003B
YoY Change -5.09% -0.37% 5.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.16M $20.76M $28.40M
YoY Change -2.44% -26.9% -8.39%
Accrued Expenses $31.10M $25.90M $26.50M
YoY Change 9.51% -2.26% 14.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $54.56M $166.4M $43.20M
YoY Change -50.6% 285.15% 1957.14%
Total Short-Term Liabilities $131.2M $232.6M $116.9M
YoY Change -27.07% 98.98% 44.68%
LONG-TERM LIABILITIES
Long-Term Debt $88.95M $9.119M $171.1M
YoY Change 4.43% -94.67% -6.45%
Other Long-Term Liabilities $49.60M $27.17M $23.50M
YoY Change 76.42% 15.62% 28.42%
Total Long-Term Liabilities $138.6M $36.29M $194.6M
YoY Change 22.29% -81.35% -3.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $131.2M $232.6M $116.9M
Total Long-Term Liabilities $138.6M $36.29M $194.6M
Total Liabilities $362.5M $389.4M $423.2M
YoY Change -9.19% -7.98% 11.11%
SHAREHOLDERS EQUITY
Retained Earnings $354.4M $379.6M
YoY Change 0.12%
Common Stock $313.0K $313.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $77.33M $78.05M
YoY Change 8.43%
Treasury Stock Shares
Shareholders Equity $573.1M $609.8M $579.7M
YoY Change
Total Liabilities & Shareholders Equity $935.6M $999.2M $1.003B
YoY Change -5.09% -0.37% 5.4%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income -$25.13M $8.211M $8.758M
YoY Change -460.97% -6.25% 573.69%
Depreciation, Depletion And Amortization $10.30M $9.600M $9.600M
YoY Change 7.29% 0.0% 0.0%
Cash From Operating Activities $26.30M $36.50M $9.800M
YoY Change 14.85% 272.45% -16.95%
INVESTING ACTIVITIES
Capital Expenditures -$4.900M -$4.100M -$3.700M
YoY Change 28.95% 10.81% -27.45%
Acquisitions
YoY Change
Other Investing Activities -$4.100M $0.00 $0.00
YoY Change 4000.0% -100.0%
Cash From Investing Activities -$9.000M -$4.100M -$3.800M
YoY Change 130.77% 7.89% -26.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.80M -15.10M 800.0K
YoY Change 36.28% -1987.5% -128.57%
NET CHANGE
Cash From Operating Activities 26.30M 36.50M 9.800M
Cash From Investing Activities -9.000M -4.100M -3.800M
Cash From Financing Activities -30.80M -15.10M 800.0K
Net Change In Cash -13.50M 17.30M 6.800M
YoY Change 275.0% 154.41% 78.95%
FREE CASH FLOW
Cash From Operating Activities $26.30M $36.50M $9.800M
Capital Expenditures -$4.900M -$4.100M -$3.700M
Free Cash Flow $31.20M $40.60M $13.50M
YoY Change 16.85% 200.74% -20.12%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CONMED Corporation (&#8220;CONMED&#8221;, the &#8220;Company&#8221;, &#8220;we&#8221; or &#8220;us&#8221;) is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and monitoring.&#160;&#160;The Company&#8217;s products serve the clinical areas of arthroscopy, powered surgical instruments, electrosurgery, cardiac monitoring single-uses, endosurgery and endoscopic technologies.&#160;&#160;They are used by surgeons and physicians in a variety of specialties including orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology.</font></div></div>
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25886000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
8211000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
1012000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
23013000 USD
CY2011Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7021000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21499000 USD
CY2010Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7399000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21522000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
354020000 USD
CY2011Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
379575000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
529646000 USD
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
172814000 USD
CY2010Q3 us-gaap Sales Revenue Net
SalesRevenueNet
172195000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
539500000 USD
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
68350000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
208137000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
206290000 USD
CY2010Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
66091000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3264000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3714000 USD
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
609754000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
586563000 USD
CY2010Q4 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
3077377 shares
CY2011Q3 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
3389079 shares
CY2010Q4 us-gaap Treasury Stock Value
TreasuryStockValue
71315000 USD
CY2011Q3 us-gaap Treasury Stock Value
TreasuryStockValue
78045000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29073000 shares
CY2010Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28521000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28546000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28734000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28348000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28896000 shares
CY2010Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28425000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28355000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000816956
CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
27918777 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
CONMED CORP
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0000816956-11-000003-index-headers.html Edgar Link pending
0000816956-11-000003-index.html Edgar Link pending
0000816956-11-000003.txt Edgar Link pending
0000816956-11-000003-xbrl.zip Edgar Link pending
cnmd-20110930.xml Edgar Link completed
cnmd-20110930.xsd Edgar Link pending
cnmd-20110930_cal.xml Edgar Link unprocessable
cnmd-20110930_def.xml Edgar Link unprocessable
cnmd-20110930_lab.xml Edgar Link unprocessable
cnmd-20110930_pre.xml Edgar Link unprocessable
cnmd9301110q.htm Edgar Link pending
cnmd93011ex311.htm Edgar Link pending
cnmd93011ex312.htm Edgar Link pending
cnmd93011ex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls 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
R3.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