$CVGI
Commercial Vehicle Group, Inc.

2014 Q3 Form 10-Q Financial Statement

#000119312514403663 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q4 2013 Q3
Revenue $213.8M $183.0M $187.9M
YoY Change 13.76% 5.59% -8.24%
Cost Of Revenue $185.4M $162.4M $169.9M
YoY Change 9.14% 3.11% -4.8%
Gross Profit $28.43M $20.68M $18.09M
YoY Change 57.13% 30.08% -31.49%
Gross Profit Margin 13.3% 11.3% 9.63%
Selling, General & Admin $18.33M $12.30M $21.14M
YoY Change -13.26% -31.67% 21.15%
% of Gross Profit 64.49% 59.47% 116.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.562M $5.000M $7.060M
YoY Change -35.38% 22.85% 95.03%
% of Gross Profit 16.05% 24.18% 39.02%
Operating Expenses $18.33M $12.60M $21.14M
YoY Change -13.26% -30.39% 21.15%
Operating Profit $9.705M $8.009M -$3.428M
YoY Change -383.11% -451.43% -138.65%
Interest Expense $5.226M -$5.200M $5.327M
YoY Change -1.9% 1.96% -0.28%
% of Operating Profit 53.85% -64.93%
Other Income/Expense, Net -$100.0K
YoY Change 0.0%
Pretax Income $4.479M $2.700M -$8.755M
YoY Change -151.16% -136.49% -348.23%
Income Tax $3.316M $1.600M -$1.488M
% Of Pretax Income 74.03% 59.26%
Net Earnings $1.162M $1.100M -$7.267M
YoY Change -115.99% -119.7% -123.83%
Net Earnings / Revenue 0.54% 0.6% -3.87%
Basic Earnings Per Share $0.04 $0.04 -$0.25
Diluted Earnings Per Share $0.04 $0.04 -$0.25
COMMON SHARES
Basic Shares Outstanding 28.88M shares 28.56M shares
Diluted Shares Outstanding 29.26M shares 28.56M shares

Balance Sheet

Concept 2014 Q3 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.10M $72.70M $75.10M
YoY Change 1.33% 6.29% -24.52%
Cash & Equivalents $72.70M $75.06M
Short-Term Investments
Other Short-Term Assets $6.227M $7.536M $6.396M
YoY Change -2.64% 16.91% -62.6%
Inventory $83.46M $80.13M $81.60M
Prepaid Expenses
Receivables $147.6M $119.1M $130.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $321.7M $287.6M $301.9M
YoY Change 6.58% 0.48% -10.82%
LONG-TERM ASSETS
Property, Plant & Equipment $74.09M $78.88M $80.83M
YoY Change -8.34% -5.32% -0.33%
Goodwill $8.250M $8.220M $8.124M
YoY Change 1.55% 1.18%
Intangibles $19.21M $20.35M $20.67M
YoY Change -7.04% -11.53%
Long-Term Investments
YoY Change
Other Assets $9.916M $12.92M $13.67M
YoY Change -27.46% -10.98% -62.45%
Total Long-Term Assets $131.8M $144.8M $151.4M
YoY Change -12.96% -5.6% 21.49%
TOTAL ASSETS
Total Short-Term Assets $321.7M $287.6M $301.9M
Total Long-Term Assets $131.8M $144.8M $151.4M
Total Assets $453.5M $432.4M $453.3M
YoY Change 0.05% -1.64% -2.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.47M $68.28M $73.31M
YoY Change 9.77% 17.6% 1.25%
Accrued Expenses $42.45M $34.29M $46.49M
YoY Change -8.69% 4.31% 21.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $122.9M $102.6M $119.8M
YoY Change 2.6% 12.79% 8.22%
LONG-TERM LIABILITIES
Long-Term Debt $250.0M $250.0M $250.0M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $2.486M $2.686M $3.305M
YoY Change -24.78% -35.31% -88.32%
Total Long-Term Liabilities $252.5M $252.7M $253.3M
YoY Change -0.32% -0.58% -8.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $122.9M $102.6M $119.8M
Total Long-Term Liabilities $252.5M $252.7M $253.3M
Total Liabilities $390.3M $372.5M $398.5M
YoY Change -2.06% -0.23% 2.42%
SHAREHOLDERS EQUITY
Retained Earnings -$133.7M -$137.1M -$138.2M
YoY Change -3.25% 9.98%
Common Stock $231.4M $229.4M $228.5M
YoY Change 1.3% 2.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.095M $6.095M $5.264M
YoY Change 15.79% 15.79%
Treasury Stock Shares 689.2K shares 689.2K shares 590.2K shares
Shareholders Equity $63.19M $59.91M $54.75M
YoY Change
Total Liabilities & Shareholders Equity $453.5M $432.4M $453.3M
YoY Change 0.05% -1.64% -2.12%

Cashflow Statement

Concept 2014 Q3 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $1.162M $1.100M -$7.267M
YoY Change -115.99% -119.7% -123.83%
Depreciation, Depletion And Amortization $4.562M $5.000M $7.060M
YoY Change -35.38% 22.85% 95.03%
Cash From Operating Activities $11.09M $3.100M $11.55M
YoY Change -3.98% -1292.31% -26.06%
INVESTING ACTIVITIES
Capital Expenditures -$5.060M -$2.910M -$2.510M
YoY Change 101.59% -30.71% -59.78%
Acquisitions
YoY Change
Other Investing Activities $10.00K $310.0K $0.00
YoY Change -101.26%
Cash From Investing Activities -$5.060M -$2.600M -$2.510M
YoY Change 101.59% -90.96% -59.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -980.0K 40.00K
YoY Change -100.0% -16.95%
NET CHANGE
Cash From Operating Activities 11.09M 3.100M 11.55M
Cash From Investing Activities -5.060M -2.600M -2.510M
Cash From Financing Activities 0.000 -980.0K 40.00K
Net Change In Cash 6.030M -480.0K 9.080M
YoY Change -33.59% -98.41% -3.09%
FREE CASH FLOW
Cash From Operating Activities $11.09M $3.100M $11.55M
Capital Expenditures -$5.060M -$2.910M -$2.510M
Free Cash Flow $16.15M $6.010M $14.06M
YoY Change 14.86% 52.54% -35.68%

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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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cvgi Number Of Income Tax Examinations In Process
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