$CVGI
Commercial Vehicle Group, Inc.

2015 Q2 Form 10-Q Financial Statement

#000119312515276945 Filed on August 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $217.6M $216.0M
YoY Change 0.75% 8.59%
Cost Of Revenue $188.1M $187.8M
YoY Change 0.16% 6.69%
Gross Profit $29.51M $28.19M
YoY Change 4.69% -2.4%
Gross Profit Margin 13.56% 13.05%
Selling, General & Admin $17.59M $18.75M
YoY Change -6.2% -7.82%
% of Gross Profit 59.6% 66.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.397M $4.552M
YoY Change -3.41% 8.38%
% of Gross Profit 14.9% 16.15%
Operating Expenses $17.59M $18.75M
YoY Change -6.2% -7.82%
Operating Profit $11.59M $9.047M
YoY Change 28.09% 324.74%
Interest Expense $5.056M $5.205M
YoY Change -2.86% -0.57%
% of Operating Profit 43.63% 57.53%
Other Income/Expense, Net
YoY Change
Pretax Income $6.532M $3.842M
YoY Change 70.02% -223.78%
Income Tax $3.327M $1.103M
% Of Pretax Income 50.93% 28.71%
Net Earnings $3.205M $2.739M
YoY Change 17.01% -264.8%
Net Earnings / Revenue 1.47% 1.27%
Basic Earnings Per Share $0.11 $0.09
Diluted Earnings Per Share $0.11 $0.09
COMMON SHARES
Basic Shares Outstanding 29.15M shares 28.87M shares
Diluted Shares Outstanding 29.34M shares 29.20M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $88.60M $70.30M
YoY Change 26.03% 8.32%
Cash & Equivalents $70.26M
Short-Term Investments
Other Short-Term Assets $12.64M $7.654M
YoY Change 65.14% 13.11%
Inventory $81.70M $82.57M
Prepaid Expenses
Receivables $154.6M $150.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $346.8M $319.2M
YoY Change 8.65% 7.55%
LONG-TERM ASSETS
Property, Plant & Equipment $72.27M $74.52M
YoY Change -3.02% -10.45%
Goodwill $8.048M $8.399M
YoY Change -4.18% -0.56%
Intangibles $19.84M
YoY Change -7.39%
Long-Term Investments
YoY Change
Other Assets $8.568M $10.44M
YoY Change -17.94% -25.72%
Total Long-Term Assets $126.4M $136.8M
YoY Change -7.64% -11.47%
TOTAL ASSETS
Total Short-Term Assets $346.8M $319.2M
Total Long-Term Assets $126.4M $136.8M
Total Assets $473.2M $456.0M
YoY Change 3.76% 1.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $89.67M $85.18M
YoY Change 5.27% 9.79%
Accrued Expenses $42.90M $37.94M
YoY Change 13.07% 16.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $133.2M $123.1M
YoY Change 8.18% 11.9%
LONG-TERM LIABILITIES
Long-Term Debt $250.0M $250.0M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $3.486M $2.829M
YoY Change 23.22% -35.34%
Total Long-Term Liabilities $253.5M $252.8M
YoY Change 0.26% -0.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $133.2M $123.1M
Total Long-Term Liabilities $253.5M $252.8M
Total Liabilities $408.8M $392.1M
YoY Change 4.28% -0.02%
SHAREHOLDERS EQUITY
Retained Earnings -$122.7M -$134.9M
YoY Change -9.04% 3.01%
Common Stock $233.6M $230.8M
YoY Change 1.21% 1.95%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.622M $6.095M
YoY Change 8.65% 15.79%
Treasury Stock Shares 779.5K shares 689.2K shares
Shareholders Equity $64.38M $63.96M
YoY Change
Total Liabilities & Shareholders Equity $473.2M $456.0M
YoY Change 3.76% 1.04%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $3.205M $2.739M
YoY Change 17.01% -264.8%
Depreciation, Depletion And Amortization $4.397M $4.552M
YoY Change -3.41% 8.38%
Cash From Operating Activities $11.11M $1.970M
YoY Change 463.96% -73.01%
INVESTING ACTIVITIES
Capital Expenditures -$4.060M -$3.010M
YoY Change 34.88% -38.82%
Acquisitions
YoY Change
Other Investing Activities $0.00 $550.0K
YoY Change -100.0% -244.74%
Cash From Investing Activities -$4.060M -$2.470M
YoY Change 64.37% -53.4%
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 -2.640M
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 11.11M 1.970M
Cash From Investing Activities -4.060M -2.470M
Cash From Financing Activities 0.000 -2.640M
Net Change In Cash 7.050M -3.140M
YoY Change -324.52% -257.0%
FREE CASH FLOW
Cash From Operating Activities $11.11M $1.970M
Capital Expenditures -$4.060M -$3.010M
Free Cash Flow $15.17M $4.980M
YoY Change 204.62% -59.25%

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-2845000
us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Interest Expense
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us-gaap Standard Product Warranty Accrual Payments
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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66000
us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Deferred Income Tax Expense Benefit
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18506000
us-gaap Increase Decrease In Accounts Payable
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0
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1439000
us-gaap Selling General And Administrative Expense
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us-gaap Other General Expense
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us-gaap Goodwill Translation Adjustments
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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cvgi Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interests
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cvgi Capital Expenditures
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CY2015Q2 us-gaap Payments To Acquire Interest In Joint Venture
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40000
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-164000
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2014Q2 us-gaap Comprehensive Income Net Of Tax
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2736000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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3842000
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CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2014Q2 us-gaap Selling General And Administrative Expense
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CY2014Q2 cvgi Capital Expenditures
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3574000
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CY2015Q2 us-gaap Asset Impairment Charges
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33000
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4747000

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