2014 Q2 Form 10-Q Financial Statement

#000104746914006579 Filed on August 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $78.18M $75.67M $65.20M
YoY Change 19.91% 12.05% -3.85%
Cost Of Revenue $52.67M $51.60M $45.04M
YoY Change 16.93% 17.54% -0.89%
Gross Profit $25.52M $24.04M $20.16M
YoY Change 26.56% 3.36% -9.85%
Gross Profit Margin 32.63% 31.77% 30.92%
Selling, General & Admin $17.46M $17.00M $15.38M
YoY Change 13.54% 15.65% -8.99%
% of Gross Profit 68.44% 70.7% 76.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.540M $1.610M $1.690M
YoY Change -8.88% 15.83% 26.12%
% of Gross Profit 6.04% 6.7% 8.38%
Operating Expenses $17.46M $18.60M $15.38M
YoY Change 13.54% 14.11% -21.53%
Operating Profit $6.493M $5.459M $3.170M
YoY Change 104.83% -108.4% 12.89%
Interest Expense -$100.0K -$100.0K -$200.0K
YoY Change -50.0%
% of Operating Profit -1.54% -1.83% -6.31%
Other Income/Expense, Net -$71.00K -$100.0K $352.0K
YoY Change -120.17% 0.0% -459.18%
Pretax Income $6.334M $5.221M $3.368M
YoY Change 88.06% -108.03% 24.97%
Income Tax $3.167M $1.500M $2.017M
% Of Pretax Income 50.0% 28.73% 59.89%
Net Earnings $3.167M $3.716M $1.351M
YoY Change 134.42% -106.97% 74.77%
Net Earnings / Revenue 4.05% 4.91% 2.07%
Basic Earnings Per Share
Diluted Earnings Per Share $320.0K $362.7K $137.3K
COMMON SHARES
Basic Shares Outstanding 9.919M shares 10.07M shares 10.10M shares
Diluted Shares Outstanding 10.03M shares 10.15M shares 10.19M shares

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.60M $51.30M $16.30M
YoY Change 69.33% -7.57% -61.0%
Cash & Equivalents $27.61M $51.25M $16.33M
Short-Term Investments
Other Short-Term Assets $31.60M $27.80M $29.90M
YoY Change 5.69% -28.72% -15.3%
Inventory
Prepaid Expenses
Receivables $65.18M $57.86M $47.09M
Other Receivables $1.800M $1.800M $3.700M
Total Short-Term Assets $154.6M $163.0M $126.1M
YoY Change 22.6% -5.08% -23.68%
LONG-TERM ASSETS
Property, Plant & Equipment $14.84M $15.66M $17.30M
YoY Change -14.22% -12.93% -11.75%
Goodwill $83.90M $81.57M $75.27M
YoY Change 11.46% 15.27%
Intangibles $5.314M $4.537M $5.120M
YoY Change 3.79% 147.38%
Long-Term Investments
YoY Change
Other Assets $48.20M $54.62M $55.16M
YoY Change -12.62% 152.05% 294.01%
Total Long-Term Assets $152.4M $157.3M $158.0M
YoY Change -3.53% 30.75% -10.58%
TOTAL ASSETS
Total Short-Term Assets $154.6M $163.0M $126.1M
Total Long-Term Assets $152.4M $157.3M $158.0M
Total Assets $307.0M $320.3M $284.1M
YoY Change 8.07% 9.69% -16.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.69M $13.77M $13.17M
YoY Change -3.64% 40.96% 26.63%
Accrued Expenses $49.92M $65.66M $32.34M
YoY Change 54.39% 44.92% -4.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.800M
YoY Change 728.57%
Total Short-Term Liabilities $70.05M $87.96M $60.87M
YoY Change 15.1% 27.09% 3.51%
LONG-TERM LIABILITIES
Long-Term Debt $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% -41.18%
Other Long-Term Liabilities $5.000M $5.100M $4.400M
YoY Change 13.64% -38.55% -26.67%
Total Long-Term Liabilities $6.000M $6.100M $5.400M
YoY Change 11.11% -34.41% -29.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.05M $87.96M $60.87M
Total Long-Term Liabilities $6.000M $6.100M $5.400M
Total Liabilities $78.60M $96.50M $68.40M
YoY Change 14.91% 19.58% -10.0%
SHAREHOLDERS EQUITY
Retained Earnings $140.6M $134.0M $127.0M
YoY Change 10.7% 9.27%
Common Stock $90.39M $93.24M $94.43M
YoY Change -4.28% 0.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $228.4M $223.8M $215.7M
YoY Change
Total Liabilities & Shareholders Equity $307.0M $320.3M $284.1M
YoY Change 8.07% 9.69% -16.91%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $3.167M $3.716M $1.351M
YoY Change 134.42% -106.97% 74.77%
Depreciation, Depletion And Amortization $1.540M $1.610M $1.690M
YoY Change -8.88% 15.83% 26.12%
Cash From Operating Activities -$710.0K $36.63M -$17.83M
YoY Change -96.02% 156.69% 201.18%
INVESTING ACTIVITIES
Capital Expenditures -$910.0K -$320.0K -$800.0K
YoY Change 13.75% -63.22% -3.61%
Acquisitions
YoY Change
Other Investing Activities -$20.00K $0.00 $150.0K
YoY Change -113.33% -100.0% -96.67%
Cash From Investing Activities -$930.0K -$320.0K -$640.0K
YoY Change 45.31% -61.45% -117.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.240M -3.180M 4.200M
YoY Change -177.14% 536.0% -281.03%
NET CHANGE
Cash From Operating Activities -710.0K 36.63M -17.83M
Cash From Investing Activities -930.0K -320.0K -640.0K
Cash From Financing Activities -3.240M -3.180M 4.200M
Net Change In Cash -4.880M 33.13M -14.27M
YoY Change -65.8% 156.03% 212.94%
FREE CASH FLOW
Cash From Operating Activities -$710.0K $36.63M -$17.83M
Capital Expenditures -$910.0K -$320.0K -$800.0K
Free Cash Flow $200.0K $36.95M -$17.03M
YoY Change -101.17% 144.06% 234.58%

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. ("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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