2017 Q1 Form 10-Q Financial Statement

#000117184317001357 Filed on March 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $138.8M $137.5M
YoY Change 0.96% 4.53%
Cost Of Revenue $71.84M $72.70M
YoY Change -1.19% 9.04%
Gross Profit $49.43M $49.09M
YoY Change 0.69% -1.3%
Gross Profit Margin 35.61% 35.71%
Selling, General & Admin $22.65M $23.57M
YoY Change -3.88% 11.49%
% of Gross Profit 45.83% 48.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.060M $1.010M
YoY Change 4.95% 8.6%
% of Gross Profit 2.14% 2.06%
Operating Expenses $22.65M $23.57M
YoY Change -3.88% 11.49%
Operating Profit $26.77M $25.52M
YoY Change 4.91% -10.75%
Interest Expense $1.060M $831.0K
YoY Change 27.56% 5.46%
% of Operating Profit 3.96% 3.26%
Other Income/Expense, Net
YoY Change
Pretax Income $4.523M $6.541M
YoY Change -30.85% -44.38%
Income Tax $1.687M $2.439M
% Of Pretax Income 37.3% 37.29%
Net Earnings $2.836M $4.102M
YoY Change -30.86% -45.02%
Net Earnings / Revenue 2.04% 2.98%
Basic Earnings Per Share $0.36 $0.49
Diluted Earnings Per Share $0.35 $0.47
COMMON SHARES
Basic Shares Outstanding 7.894M 8.368M
Diluted Shares Outstanding 8.176M 8.616M

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.0K $600.0K
YoY Change -50.0% -62.5%
Cash & Equivalents $254.0K $590.0K
Short-Term Investments
Other Short-Term Assets $4.600M $3.400M
YoY Change 35.29% -17.07%
Inventory $32.30M $42.09M
Prepaid Expenses
Receivables $2.300M $2.000M
Other Receivables $0.00 $1.100M
Total Short-Term Assets $39.50M $49.20M
YoY Change -19.72% 7.66%
LONG-TERM ASSETS
Property, Plant & Equipment $31.31M $35.61M
YoY Change -12.07% 5.05%
Goodwill $355.0K $355.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $395.2M $375.1M
YoY Change 5.35% 3.04%
TOTAL ASSETS
Total Short-Term Assets $39.50M $49.20M
Total Long-Term Assets $395.2M $375.1M
Total Assets $434.7M $424.3M
YoY Change 2.44% 3.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.50M $14.20M
YoY Change -26.06% 7.58%
Accrued Expenses $8.700M $8.000M
YoY Change 8.75% 1.27%
Deferred Revenue
YoY Change
Short-Term Debt $3.600M $1.000M
YoY Change 260.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.00M $23.20M
YoY Change 3.45% 2.2%
LONG-TERM LIABILITIES
Long-Term Debt $118.8M $122.5M
YoY Change -3.02% 8.79%
Other Long-Term Liabilities $32.70M $30.70M
YoY Change 6.51% 6.97%
Total Long-Term Liabilities $151.5M $153.2M
YoY Change -1.11% 8.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.00M $23.20M
Total Long-Term Liabilities $151.5M $153.2M
Total Liabilities $194.9M $195.0M
YoY Change -0.04% 6.45%
SHAREHOLDERS EQUITY
Retained Earnings $320.3M $302.0M
YoY Change 6.05%
Common Stock $68.64M $64.57M
YoY Change 6.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $149.7M $137.8M
YoY Change 8.64%
Treasury Stock Shares $4.954M $4.502M
Shareholders Equity $239.2M $228.8M
YoY Change
Total Liabilities & Shareholders Equity $434.7M $424.3M
YoY Change 2.44% 3.56%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $2.836M $4.102M
YoY Change -30.86% -45.02%
Depreciation, Depletion And Amortization $1.060M $1.010M
YoY Change 4.95% 8.6%
Cash From Operating Activities $1.300M -$10.90M
YoY Change -111.93% 738.46%
INVESTING ACTIVITIES
Capital Expenditures -$540.0K -$1.280M
YoY Change -57.81% 34.74%
Acquisitions
YoY Change
Other Investing Activities $920.0K $0.00
YoY Change
Cash From Investing Activities $370.0K -$1.280M
YoY Change -128.91% 34.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.590M 11.39M
YoY Change -113.96% 220.85%
NET CHANGE
Cash From Operating Activities 1.300M -10.90M
Cash From Investing Activities 370.0K -1.280M
Cash From Financing Activities -1.590M 11.39M
Net Change In Cash 80.00K -790.0K
YoY Change -110.13% -160.77%
FREE CASH FLOW
Cash From Operating Activities $1.300M -$10.90M
Capital Expenditures -$540.0K -$1.280M
Free Cash Flow $1.840M -$9.620M
YoY Change -119.13% 2648.57%

Facts In Submission

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; font-style: italic; margin: 0pt 0; text-align: justify">Use of Estimates</div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" font-size: 10pt; text-align: justify; text-indent: 9pt; margin: 0pt 0">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include, but are not limited to, the Company&#x2019;s allowance for credit losses.</div></div></div></div></div>
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crmt-20170131.xml Edgar Link completed
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