$COHU
COHU INC

2013 Q1 Form 10-Q Financial Statement

#000119312513207501 Filed on May 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $52.23M $53.30M
YoY Change -2.01% -40.58%
Cost Of Revenue $40.43M $37.76M
YoY Change 7.08% -38.0%
Gross Profit $13.94M $15.54M
YoY Change -10.28% -46.07%
Gross Profit Margin 26.7% 29.16%
Selling, General & Admin $15.05M $10.88M
YoY Change 38.41% -10.12%
% of Gross Profit 107.97% 69.99%
Research & Development $13.46M $8.370M
YoY Change 60.81% -8.02%
% of Gross Profit 96.54% 53.86%
Depreciation & Amortization $3.131M $2.442M
YoY Change 28.21% -11.84%
% of Gross Profit 22.46% 15.72%
Operating Expenses $28.51M $19.25M
YoY Change 48.15% -9.22%
Operating Profit -$12.93M -$3.707M
YoY Change 248.77% -148.68%
Interest Expense $0.00 $100.0K
YoY Change -100.0% 0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$11.03M -$2.218M
YoY Change 397.11% -128.44%
Income Tax -$816.0K -$391.0K
% Of Pretax Income
Net Earnings -$12.10M -$3.224M
YoY Change 275.4% -149.04%
Net Earnings / Revenue -23.17% -6.05%
Basic Earnings Per Share -$0.49 -$0.13
Diluted Earnings Per Share -$0.49 -$0.13
COMMON SHARES
Basic Shares Outstanding 24.66M shares 24.35M shares
Diluted Shares Outstanding 24.66M shares 24.35M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.70M $104.3M
YoY Change -53.31% -2.25%
Cash & Equivalents $41.39M $50.47M
Short-Term Investments $7.300M $53.80M
Other Short-Term Assets $14.70M $14.70M
YoY Change 0.0% 23.53%
Inventory $73.30M $82.20M
Prepaid Expenses
Receivables $56.50M $36.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $193.2M $237.4M
YoY Change -18.62% -2.86%
LONG-TERM ASSETS
Property, Plant & Equipment $35.70M $37.20M
YoY Change -4.02% -6.06%
Goodwill $76.27M
YoY Change
Intangibles $41.13M
YoY Change
Long-Term Investments
YoY Change
Other Assets $703.0K $900.0K
YoY Change -21.89% -10.0%
Total Long-Term Assets $153.8M $118.6M
YoY Change 29.68% -7.99%
TOTAL ASSETS
Total Short-Term Assets $193.2M $237.4M
Total Long-Term Assets $153.8M $118.6M
Total Assets $347.0M $356.0M
YoY Change -2.53% -4.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.38M $16.40M
YoY Change 12.09% -12.3%
Accrued Expenses $28.70M $25.50M
YoY Change 12.55% -0.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $54.64M $47.30M
YoY Change 15.52% -27.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $14.00M $6.000M
YoY Change 133.33% 0.0%
Total Long-Term Liabilities $14.00M $6.000M
YoY Change 133.33% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $54.64M $47.30M
Total Long-Term Liabilities $14.00M $6.000M
Total Liabilities $82.60M $65.80M
YoY Change 25.53% -22.5%
SHAREHOLDERS EQUITY
Retained Earnings $157.4M
YoY Change
Common Stock $109.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $264.4M $290.2M
YoY Change
Total Liabilities & Shareholders Equity $347.0M $356.0M
YoY Change -2.53% -4.63%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$12.10M -$3.224M
YoY Change 275.4% -149.04%
Depreciation, Depletion And Amortization $3.131M $2.442M
YoY Change 28.21% -11.84%
Cash From Operating Activities -$6.503M $675.0K
YoY Change -1063.41% -90.92%
INVESTING ACTIVITIES
Capital Expenditures $209.0K $957.0K
YoY Change -78.16% -603.68%
Acquisitions $53.46M
YoY Change
Other Investing Activities -$11.00K $17.00K
YoY Change -164.71% -100.29%
Cash From Investing Activities -$53.55M -$3.031M
YoY Change 1666.68% -49.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $419.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -419.0K -1.227M
YoY Change -65.85% 44.35%
NET CHANGE
Cash From Operating Activities -6.503M 675.0K
Cash From Investing Activities -53.55M -3.031M
Cash From Financing Activities -419.0K -1.227M
Net Change In Cash -60.47M -3.583M
YoY Change 1587.69% -677.9%
FREE CASH FLOW
Cash From Operating Activities -$6.503M $675.0K
Capital Expenditures $209.0K $957.0K
Free Cash Flow -$6.712M -$282.0K
YoY Change 2280.14% -103.7%

Facts In Submission

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CY2013Q1 dei Document Fiscal Year Focus
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2013
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-30
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000021535
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-28
CY2013Q1 dei Trading Symbol
TradingSymbol
COHU
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
COHU INC
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q1 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
12 to 36 months
CY2013Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3131000
CY2013Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
1458000
CY2013Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
53463000
CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
504000
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53548000
CY2013Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
10000
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-59000
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13460000
CY2013Q1 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-1625000
CY2013Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
240000
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24657000 shares
CY2013Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.063 pure
CY2013Q1 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
1817000
CY2013Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
3328000
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1733000
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4002000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-12919000
CY2013Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1421000
CY2013Q1 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
-419000
CY2013Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1903000
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1421000
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-61415000
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-751000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.49
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-12929000
CY2013Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
CY2013Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
40432000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.49
CY2013Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
257000
CY2013Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1210000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
-12103000
CY2013Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
19134000
CY2013Q1 us-gaap Costs And Expenses
CostsAndExpenses
68945000
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24657000 shares
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-419000
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16049000
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15053000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-816000
CY2013Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P8Y
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11026000
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1700000
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
209000
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
56016000
CY2013Q1 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>7. Contingencies</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">From time-to-time we are involved in various legal proceedings, examinations by various tax authorities and claims that have arisen in the ordinary course of our businesses. Although the outcome of such legal proceedings, claims and examinations cannot be predicted with certainty, we do not believe any such matters exist at this time that will have a material adverse effect on our financial position or results of operations.</font></p> </div>
CY2013Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
113000
CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-11000
CY2013Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1725000
CY2013Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
902000
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3946000
CY2013Q1 us-gaap Derivative Instruments Gain Loss Recognized In Income Net
DerivativeInstrumentsGainLossRecognizedInIncomeNet
400000
CY2013Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-982000
CY2013Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1409000
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6503000
CY2013Q1 cohu Inventory Capitalized As Property Plant And Equipment
InventoryCapitalizedAsPropertyPlantAndEquipment
390000

Files In Submission

Name View Source Status
0001193125-13-207501-index-headers.html Edgar Link pending
0001193125-13-207501-index.html Edgar Link pending
0001193125-13-207501.txt Edgar Link pending
0001193125-13-207501-xbrl.zip Edgar Link pending
cohu-20130330.xml Edgar Link completed
cohu-20130330.xsd Edgar Link pending
cohu-20130330_cal.xml Edgar Link unprocessable
cohu-20130330_def.xml Edgar Link unprocessable
cohu-20130330_lab.xml Edgar Link unprocessable
cohu-20130330_pre.xml Edgar Link unprocessable
d500791d10q.htm Edgar Link pending
d500791dex311.htm Edgar Link pending
d500791dex312.htm Edgar Link pending
d500791dex321.htm Edgar Link pending
d500791dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
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