2013 Q3 Form 10-Q Financial Statement

#000104746913010006 Filed on October 28, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $74.43M $65.91M
YoY Change 12.92% -18.26%
Cost Of Revenue $50.58M $46.18M
YoY Change 9.53% -14.01%
Gross Profit $23.85M $19.74M
YoY Change 20.84% -26.66%
Gross Profit Margin 32.04% 29.94%
Selling, General & Admin $16.10M $17.23M
YoY Change -6.57% -7.88%
% of Gross Profit 67.49% 87.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.650M $1.630M
YoY Change 1.23% 20.74%
% of Gross Profit 6.92% 8.26%
Operating Expenses $16.10M $17.23M
YoY Change -6.57% -13.87%
Operating Profit $6.114M $1.035M
YoY Change 490.72% -85.15%
Interest Expense -$100.0K $0.00
YoY Change -100.0%
% of Operating Profit -1.64% 0.0%
Other Income/Expense, Net -$18.00K $12.00K
YoY Change -250.0%
Pretax Income $5.952M $1.016M
YoY Change 485.83% -84.98%
Income Tax $2.619M $1.722M
% Of Pretax Income 44.0% 169.49%
Net Earnings $3.333M -$706.0K
YoY Change -572.1% -117.49%
Net Earnings / Revenue 4.48% -1.07%
Basic Earnings Per Share
Diluted Earnings Per Share $323.5K -$69.31K
COMMON SHARES
Basic Shares Outstanding 10.09M shares 10.08M shares
Diluted Shares Outstanding 10.19M shares 10.08M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.90M $42.30M
YoY Change -57.68% -18.02%
Cash & Equivalents $17.90M $42.30M
Short-Term Investments $0.00
Other Short-Term Assets $26.20M $41.20M
YoY Change -36.41% 46.62%
Inventory
Prepaid Expenses
Receivables $66.76M $57.12M
Other Receivables $1.700M $0.00
Total Short-Term Assets $142.5M $167.2M
YoY Change -14.77% -6.52%
LONG-TERM ASSETS
Property, Plant & Equipment $16.61M $18.61M
YoY Change -10.73% -7.9%
Goodwill $76.03M $142.4M
YoY Change -46.6%
Intangibles $4.839M $2.002M
YoY Change 141.71%
Long-Term Investments
YoY Change
Other Assets $54.27M $13.63M
YoY Change 298.16% -19.36%
Total Long-Term Assets $156.8M $176.7M
YoY Change -11.26% -2.95%
TOTAL ASSETS
Total Short-Term Assets $142.5M $167.2M
Total Long-Term Assets $156.8M $176.7M
Total Assets $299.4M $344.0M
YoY Change -12.97% -4.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.71M $10.84M
YoY Change 44.99% 3.21%
Accrued Expenses $46.35M $40.31M
YoY Change 14.98% -18.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $700.0K
YoY Change -100.0% 600.0%
Total Short-Term Liabilities $70.85M $62.91M
YoY Change 12.63% -15.11%
LONG-TERM LIABILITIES
Long-Term Debt $1.000M $1.000M
YoY Change 0.0% -54.55%
Other Long-Term Liabilities $4.500M $5.700M
YoY Change -21.05% -45.19%
Total Long-Term Liabilities $5.500M $6.700M
YoY Change -17.91% -46.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.85M $62.91M
Total Long-Term Liabilities $5.500M $6.700M
Total Liabilities $78.60M $79.30M
YoY Change -0.88% -15.19%
SHAREHOLDERS EQUITY
Retained Earnings $130.3M $176.1M
YoY Change -26.03%
Common Stock $94.60M $93.16M
YoY Change 1.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $220.7M $264.7M
YoY Change
Total Liabilities & Shareholders Equity $299.4M $344.0M
YoY Change -12.97% -4.72%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $3.333M -$706.0K
YoY Change -572.1% -117.49%
Depreciation, Depletion And Amortization $1.650M $1.630M
YoY Change 1.23% 20.74%
Cash From Operating Activities $7.550M $4.210M
YoY Change 79.33% -192.73%
INVESTING ACTIVITIES
Capital Expenditures -$530.0K -$360.0K
YoY Change 47.22% -82.35%
Acquisitions
YoY Change
Other Investing Activities $0.00 $5.920M
YoY Change -100.0% -64.03%
Cash From Investing Activities -$520.0K $5.570M
YoY Change -109.34% -61.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.480M -4.100M
YoY Change 33.66% -82.37%
NET CHANGE
Cash From Operating Activities 7.550M 4.210M
Cash From Investing Activities -520.0K 5.570M
Cash From Financing Activities -5.480M -4.100M
Net Change In Cash 1.550M 5.680M
YoY Change -72.71% -142.42%
FREE CASH FLOW
Cash From Operating Activities $7.550M $4.210M
Capital Expenditures -$530.0K -$360.0K
Free Cash Flow $8.080M $4.570M
YoY Change 76.81% -282.8%

Facts In Submission

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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>1. Description of Business</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;CRA International,&#160;Inc. (the "Company" or "CRA") is a worldwide leading consulting services firm that applies advanced analytic techniques and in-depth industry knowledge to complex engagements for a broad range of clients. CRA offers its services in two broad areas: litigation, regulatory and financial consulting and management consulting. CRA operates in one business segment, which is consulting services. CRA operates its business under its registered trade name, Charles River Associates.</font></p> </div>
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