2014 Q1 Form 10-Q Financial Statement

#000141389814000022 Filed on April 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $64.39M $66.11M
YoY Change -2.59% -26.43%
Cost Of Revenue $8.000M $8.500M
YoY Change -5.88% -39.29%
Gross Profit $56.40M $57.60M
YoY Change -2.08% -36.63%
Gross Profit Margin 87.59% 87.13%
Selling, General & Admin $56.60M $58.50M
YoY Change -3.25% -32.53%
% of Gross Profit 100.35% 101.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.440M $5.936M
YoY Change -42.05% -29.53%
% of Gross Profit 6.1% 10.31%
Operating Expenses $60.00M $62.50M
YoY Change -4.0% -34.28%
Operating Profit -$3.644M -$4.854M
YoY Change -24.93% 164.67%
Interest Expense $1.000K $411.0K
YoY Change -99.76% 202.21%
% of Operating Profit
Other Income/Expense, Net -$291.0K $34.00K
YoY Change -955.88% -95.59%
Pretax Income -$3.935M -$5.458M
YoY Change -27.9% 56.34%
Income Tax $891.0K $436.0K
% Of Pretax Income
Net Earnings -$4.037M -$8.022M
YoY Change -49.68% 106.06%
Net Earnings / Revenue -6.27% -12.14%
Basic Earnings Per Share -$0.37
Diluted Earnings Per Share -$0.74 -$0.37
COMMON SHARES
Basic Shares Outstanding 21.92M shares 22.03M shares
Diluted Shares Outstanding 21.92M shares 22.03M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.50M $31.90M
YoY Change 158.62% -42.73%
Cash & Equivalents $82.54M $31.86M
Short-Term Investments
Other Short-Term Assets $10.80M $9.600M
YoY Change 12.5% -26.72%
Inventory $11.02M $9.838M
Prepaid Expenses
Receivables $32.61M $40.08M
Other Receivables $0.00 $0.00
Total Short-Term Assets $137.0M $91.36M
YoY Change 49.97% -22.18%
LONG-TERM ASSETS
Property, Plant & Equipment $94.26M $140.3M
YoY Change -32.83% -11.19%
Goodwill $24.58M $24.58M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $5.992M $6.255M
YoY Change -4.2% -3.77%
Other Assets $3.701M $3.561M
YoY Change 3.93% -25.81%
Total Long-Term Assets $134.0M $187.4M
YoY Change -28.51% -10.56%
TOTAL ASSETS
Total Short-Term Assets $137.0M $91.36M
Total Long-Term Assets $134.0M $187.4M
Total Assets $271.0M $278.8M
YoY Change -2.79% -14.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.95M $14.06M
YoY Change 6.37% 2.59%
Accrued Expenses $18.10M $23.00M
YoY Change -21.3% -10.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.45M $58.71M
YoY Change -8.96% -7.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.828M $2.497M
YoY Change 53.3% -98.29%
Total Long-Term Liabilities $3.828M $2.497M
YoY Change 53.3% -98.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.45M $58.71M
Total Long-Term Liabilities $3.828M $2.497M
Total Liabilities $57.28M $61.21M
YoY Change -6.42% -70.83%
SHAREHOLDERS EQUITY
Retained Earnings -$315.9M -$329.3M
YoY Change -4.04%
Common Stock $498.3M $496.3M
YoY Change 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.788M $947.0K
YoY Change 300.0%
Treasury Stock Shares
Shareholders Equity $163.5M $93.01M
YoY Change
Total Liabilities & Shareholders Equity $271.0M $278.8M
YoY Change -2.79% -14.73%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$4.037M -$8.022M
YoY Change -49.68% 106.06%
Depreciation, Depletion And Amortization $3.440M $5.936M
YoY Change -42.05% -29.53%
Cash From Operating Activities $2.966M $933.0K
YoY Change 217.9% 23.74%
INVESTING ACTIVITIES
Capital Expenditures $1.008M $1.362M
YoY Change -25.99% -23.35%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $160.0K
YoY Change -100.0% -70.37%
Cash From Investing Activities -$1.207M -$1.201M
YoY Change 0.5% -3.15%
FINANCING ACTIVITIES
Cash Dividend Paid $1.805M $1.367M
YoY Change 32.04% 0.74%
Common Stock Issuance & Retirement, Net $675.0K $597.0K
YoY Change 13.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.412M -$1.964M
YoY Change -28.11% 56.74%
NET CHANGE
Cash From Operating Activities $2.966M $933.0K
Cash From Investing Activities -$1.207M -$1.201M
Cash From Financing Activities -$1.412M -$1.964M
Net Change In Cash $347.0K -$2.232M
YoY Change -115.55% 28.35%
FREE CASH FLOW
Cash From Operating Activities $2.966M $933.0K
Capital Expenditures $1.008M $1.362M
Free Cash Flow $1.958M -$429.0K
YoY Change -556.41% -58.06%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Contingencies</font><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A number of legal proceedings are pending against A.&#160;H.&#160;Belo. In the opinion of management, liabilities, if any, arising from these legal proceedings would not have a material adverse effect on A.&#160;H.&#160;Belo&#8217;s results of operations, liquidity or financial condition.</font></div></div>
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CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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173000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2014Q1 us-gaap Other Liabilities Noncurrent
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3263000 USD
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CY2014Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2013Q1 us-gaap Other Nonoperating Income Expense
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CY2014Q1 us-gaap Other Nonoperating Income Expense
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CY2014Q1 us-gaap Other Operating Activities Cash Flow Statement
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CY2014Q1 us-gaap Other Sales Revenue Net
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CY2014Q1 us-gaap Participating Securities Distributed And Undistributed Earnings
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CY2013Q1 us-gaap Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
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CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2013Q1 us-gaap Payments Of Dividends
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CY2014Q1 us-gaap Payments Of Dividends
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CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2014Q1 us-gaap Postemployment Benefits Liability Noncurrent
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CY2014Q1 us-gaap Preferred Stock Shares Authorized
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CY2014Q1 us-gaap Preferred Stock Shares Issued
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PreferredStockSharesIssued
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CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
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CY2014Q1 us-gaap Preferred Stock Value
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CY2013Q4 us-gaap Prepaid Expense And Other Assets
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CY2014Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
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CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2013Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
168000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
598000 USD
CY2013Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
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CY2014Q1 us-gaap Profit Loss
ProfitLoss
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CY2014Q1 us-gaap Property Plant And Equipment Gross
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CY2014Q1 us-gaap Property Plant And Equipment Net
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CY2014Q1 us-gaap Share Based Compensation
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86365 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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12.07
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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6.39
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
6.04
CY2008Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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8000000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
30.61
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.29
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
764073 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
17.01
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2014Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
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P2Y3M18D
CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2014Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
CY2013Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2013Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2014Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2014Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2014Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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1500000 shares
CY2013Q4 us-gaap Stockholders Equity
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CY2014Q1 us-gaap Stockholders Equity
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CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2014Q1 us-gaap Subscription Revenue
SubscriptionRevenue
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CY2013Q1 us-gaap Subscription Revenue
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CY2014Q1 us-gaap Tax Credit Carryforward Expiration Date
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2016-12-31
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
3113000 USD
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
3788000 USD
CY2013Q1 us-gaap Treasury Stock Value Acquired Cost Method
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597000 USD
CY2014Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
675000 USD
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21918800 shares
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22032803 shares
CY2013Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
401000 USD
CY2014Q1 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2014Q1 ahc Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Cash Paid At Closing Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodCashPaidAtClosingPrice
1064000 USD
CY2014Q1 ahc Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Redeemed In Cash
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodRedeemedInCash
105122 shares
CY2014Q1 ahc Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Redemption In Common Stock
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodRedemptionInCommonStock
157659 shares
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001413898
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
22015425 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
A. H. Belo Corp

Files In Submission

Name View Source Status
0001413898-14-000022-index-headers.html Edgar Link pending
0001413898-14-000022-index.html Edgar Link pending
0001413898-14-000022.txt Edgar Link pending
0001413898-14-000022-xbrl.zip Edgar Link pending
a10-q2014q1.htm Edgar Link pending
ahc-20140331.xml Edgar Link completed
ahc-20140331.xsd Edgar Link pending
ahc-20140331_cal.xml Edgar Link unprocessable
ahc-20140331_def.xml Edgar Link unprocessable
ahc-20140331_lab.xml Edgar Link unprocessable
ahc-20140331_pre.xml Edgar Link unprocessable
ahclogomedia4.jpg Edgar Link pending
ahclogoname.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
masterex3112014q1.htm Edgar Link pending
masterex3122014q1.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending