2012 Q3 Form 10-Q Financial Statement

#000128481212000213 Filed on November 09, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q2 2011 Q3
Revenue $71.30M $67.43M $61.62M
YoY Change 15.71% 9.72% 32.87%
Cost Of Revenue $21.40M $6.500M $6.200M
YoY Change 245.16% 4.84% 21.57%
Gross Profit $49.90M $60.90M $55.40M
YoY Change -9.93% 10.13% 34.14%
Gross Profit Margin 69.99% 90.31% 89.91%
Selling, General & Admin $36.30M $33.40M $31.70M
YoY Change 14.51% 7.4% 20.99%
% of Gross Profit 72.75% 54.84% 57.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.400M $1.400M $1.300M
YoY Change 7.69% 7.69% 18.18%
% of Gross Profit 2.81% 2.3% 2.35%
Operating Expenses $59.06M $41.37M $39.22M
YoY Change 50.58% 7.27% 21.05%
Operating Profit $12.24M $26.06M $22.40M
YoY Change -45.35% 13.84% 60.3%
Interest Expense $5.000M -$2.000M -$5.300M
YoY Change -194.34% -281.82% -239.47%
% of Operating Profit 40.85% -7.67% -23.66%
Other Income/Expense, Net $5.315M -$1.992M -$4.833M
YoY Change -209.97% -252.53% -207.66%
Pretax Income $17.55M $24.07M $17.56M
YoY Change -0.06% -0.53% -4.86%
Income Tax $4.987M $9.045M $8.022M
% Of Pretax Income 28.41% 37.57% 45.67%
Net Earnings $10.26M $16.08M $9.606M
YoY Change 6.82% 2.55% -27.02%
Net Earnings / Revenue 14.39% 23.84% 15.59%
Basic Earnings Per Share $0.23 $0.37 $0.22
Diluted Earnings Per Share $0.23 $0.36 $0.22
COMMON SHARES
Basic Shares Outstanding 43.82M shares 43.81M shares 43.24M shares
Diluted Shares Outstanding 44.54M shares 44.39M shares 44.13M shares

Balance Sheet

Concept 2012 Q3 2012 Q2 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $121.2M $120.3M $95.20M
YoY Change 27.31% -14.5% -5.56%
Cash & Equivalents $121.2M $120.3M $95.21M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $61.20M $47.00M $50.70M
Other Receivables $14.20M $14.30M $0.00
Total Short-Term Assets $196.6M $181.6M $145.9M
YoY Change 34.75% 0.89% 7.6%
LONG-TERM ASSETS
Property, Plant & Equipment $9.418M $9.970M $11.77M
YoY Change -19.98% -17.35% -10.84%
Goodwill $19.82M $19.67M $20.34M
YoY Change -2.52% -7.83%
Intangibles $1.813M $1.813M $1.902M
YoY Change -4.68% -5.77%
Long-Term Investments $7.770M $8.554M $33.51M
YoY Change -76.81% -77.93% -53.01%
Other Assets $6.800M $5.400M $7.400M
YoY Change -8.11% 10.2% 2.78%
Total Long-Term Assets $169.3M $154.2M $112.2M
YoY Change 50.89% 35.47% -4.91%
TOTAL ASSETS
Total Short-Term Assets $196.6M $181.6M $145.9M
Total Long-Term Assets $169.3M $154.2M $112.2M
Total Assets $365.9M $335.8M $258.1M
YoY Change 41.77% 14.29% 1.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $22.50M $13.60M $19.40M
YoY Change 15.98% 7.09% 45.86%
Deferred Revenue
YoY Change
Short-Term Debt $12.60M $12.30M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $37.70M $31.70M $27.20M
YoY Change 38.6% 53.88% 43.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.30M $17.30M $15.90M
YoY Change 27.67% 24.46% 30.33%
Total Long-Term Liabilities $20.30M $17.30M $15.90M
YoY Change 27.67% 24.46% 30.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.70M $31.70M $27.20M
Total Long-Term Liabilities $20.30M $17.30M $15.90M
Total Liabilities $58.04M $48.94M $43.05M
YoY Change 34.81% 41.87% 38.42%
SHAREHOLDERS EQUITY
Retained Earnings -$62.91M -$65.09M -$92.48M
YoY Change -31.98% 29.8%
Common Stock $470.0K $469.0K $461.0K
YoY Change 1.95% 1.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $97.71M $97.62M $89.22M
YoY Change 9.52% 9.64%
Treasury Stock Shares 3.239M shares 3.236M shares 2.986M shares
Shareholders Equity $261.1M $253.9M $214.6M
YoY Change
Total Liabilities & Shareholders Equity $365.9M $335.8M $258.1M
YoY Change 41.77% 14.29% 1.78%

Cashflow Statement

Concept 2012 Q3 2012 Q2 2011 Q3
OPERATING ACTIVITIES
Net Income $10.26M $16.08M $9.606M
YoY Change 6.82% 2.55% -27.02%
Depreciation, Depletion And Amortization $1.400M $1.400M $1.300M
YoY Change 7.69% 7.69% 18.18%
Cash From Operating Activities -$5.200M $39.80M $20.00M
YoY Change -126.0% 15.7% 35.14%
INVESTING ACTIVITIES
Capital Expenditures -$800.0K -$500.0K -$1.000M
YoY Change -20.0% 0.0% 11.11%
Acquisitions
YoY Change
Other Investing Activities $2.900M $1.900M -$10.00M
YoY Change -129.0% 90.0% -212.36%
Cash From Investing Activities $2.000M $1.400M -$11.00M
YoY Change -118.18% 180.0% -237.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.700M -10.20M -53.40M
YoY Change -106.93% -21.54% -40.4%
NET CHANGE
Cash From Operating Activities -5.200M 39.80M 20.00M
Cash From Investing Activities 2.000M 1.400M -11.00M
Cash From Financing Activities 3.700M -10.20M -53.40M
Net Change In Cash 500.0K 31.00M -44.40M
YoY Change -101.13% 41.55% -33.53%
FREE CASH FLOW
Cash From Operating Activities -$5.200M $39.80M $20.00M
Capital Expenditures -$800.0K -$500.0K -$1.000M
Free Cash Flow -$4.400M $40.30M $21.00M
YoY Change -120.95% 15.47% 33.76%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Estimates</font><font style="font-family:inherit;font-size:10pt;">&#8212;The preparation of the condensed consolidated financial statements requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the dates of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Management believes the estimates used in preparing the condensed consolidated financial statements are reasonable and prudent. Actual results could differ from those estimates.</font></div></div>
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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cns Advisory Fee Waiver Period
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CY2011 cns Finite Lived Intangible Assets Amortization Period Remaining
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CY2012Q2 cns Intangible Assets Gross Excluding Goodwill
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001284812
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
43759838 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
COHEN & STEERS INC

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