2013 Q1 Form 10-Q Financial Statement

#000085477513000008 Filed on May 03, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $48.20M $49.02M
YoY Change -1.67% -1.41%
Cost Of Revenue $23.24M $23.23M
YoY Change 0.01% 0.09%
Gross Profit $24.96M $25.78M
YoY Change -3.19% 0.51%
Gross Profit Margin 51.79% 52.6%
Selling, General & Admin $16.80M $14.54M
YoY Change 15.56% 2.69%
% of Gross Profit 67.32% 56.4%
Research & Development $7.775M $7.753M
YoY Change 0.28% -1.22%
% of Gross Profit 31.15% 30.07%
Depreciation & Amortization $1.990M $2.020M
YoY Change -1.49% -16.87%
% of Gross Profit 7.97% 7.83%
Operating Expenses $24.54M $22.35M
YoY Change 9.79% 1.66%
Operating Profit $419.0K $3.429M
YoY Change -87.78% -6.36%
Interest Expense $37.00K $15.00K
YoY Change 146.67% -44.44%
% of Operating Profit 8.83% 0.44%
Other Income/Expense, Net $438.0K $8.000K
YoY Change 5375.0% -103.59%
Pretax Income $870.0K $3.496M
YoY Change -75.11% 0.43%
Income Tax -$130.0K $1.374M
% Of Pretax Income -14.94% 39.3%
Net Earnings $1.000M $2.122M
YoY Change -52.87% -5.23%
Net Earnings / Revenue 2.07% 4.33%
Basic Earnings Per Share $0.04 $0.08
Diluted Earnings Per Share $0.04 $0.08
COMMON SHARES
Basic Shares Outstanding 26.14M shares 25.71M shares
Diluted Shares Outstanding 26.48M shares 26.21M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.80M $110.1M
YoY Change -27.52% 20.46%
Cash & Equivalents $42.36M $47.74M
Short-Term Investments $37.40M $62.30M
Other Short-Term Assets $9.400M $5.900M
YoY Change 59.32% -6.35%
Inventory $25.80M $25.01M
Prepaid Expenses
Receivables $23.86M $24.14M
Other Receivables $0.00 $0.00
Total Short-Term Assets $138.8M $165.1M
YoY Change -15.92% 10.36%
LONG-TERM ASSETS
Property, Plant & Equipment $15.11M $15.98M
YoY Change -5.46% -0.75%
Goodwill $103.4M $86.11M
YoY Change 20.06%
Intangibles
YoY Change
Long-Term Investments $22.10M $5.600M
YoY Change 294.64% 24.44%
Other Assets $526.0K $508.0K
YoY Change 3.54% -86.63%
Total Long-Term Assets $156.8M $125.3M
YoY Change 25.15% -1.9%
TOTAL ASSETS
Total Short-Term Assets $138.8M $165.1M
Total Long-Term Assets $156.8M $125.3M
Total Assets $295.6M $290.4M
YoY Change 1.8% 4.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.387M $11.98M
YoY Change -38.34% 73.64%
Accrued Expenses $8.200M $5.300M
YoY Change 54.72% -18.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $19.19M $22.43M
YoY Change -14.45% 1.03%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $100.0K $120.0K
YoY Change -16.67% -95.56%
Total Long-Term Liabilities $100.0K $120.0K
YoY Change -16.67% -95.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.19M $22.43M
Total Long-Term Liabilities $100.0K $120.0K
Total Liabilities $23.14M $25.68M
YoY Change -9.9% -1.22%
SHAREHOLDERS EQUITY
Retained Earnings $112.5M $105.5M
YoY Change 6.63%
Common Stock $209.1M $197.4M
YoY Change 5.93%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.01M $25.91M
YoY Change 23.56%
Treasury Stock Shares 4.033M shares 3.412M shares
Shareholders Equity $272.5M $264.7M
YoY Change
Total Liabilities & Shareholders Equity $295.6M $290.4M
YoY Change 1.8% 4.71%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $1.000M $2.122M
YoY Change -52.87% -5.23%
Depreciation, Depletion And Amortization $1.990M $2.020M
YoY Change -1.49% -16.87%
Cash From Operating Activities $1.060M $5.870M
YoY Change -81.94% 111.91%
INVESTING ACTIVITIES
Capital Expenditures -$650.0K -$1.030M
YoY Change -36.89% 47.14%
Acquisitions
YoY Change
Other Investing Activities -$6.780M -$580.0K
YoY Change 1068.97% -94.86%
Cash From Investing Activities -$7.430M -$1.610M
YoY Change 361.49% -86.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.090M 680.0K
YoY Change -407.35% -35.85%
NET CHANGE
Cash From Operating Activities 1.060M 5.870M
Cash From Investing Activities -7.430M -1.610M
Cash From Financing Activities -2.090M 680.0K
Net Change In Cash -8.460M 4.940M
YoY Change -271.26% -160.61%
FREE CASH FLOW
Cash From Operating Activities $1.060M $5.870M
Capital Expenditures -$650.0K -$1.030M
Free Cash Flow $1.710M $6.900M
YoY Change -75.22% 98.85%

Facts In Submission

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CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q1 dgii Available For Sale Securities Number Of Securities Below Amortized Cost Basis
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DiscreteIncomeTaxExpenseBenefit
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DiscreteIncomeTaxExpenseBenefit
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dgii Effective Income Tax Rate Increase Decrease In Percentage Points
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dgii Effective Income Tax Rate Increase Decrease In Percentage Points
EffectiveIncomeTaxRateIncreaseDecreaseInPercentagePoints
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CY2013Q1 dgii Litigation Settlement Accrued Liability
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CY2012Q3 dgii Litigation Settlement Accrued Liability
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0 USD
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dgii Noncash Or Part Noncash Acquisition Non Cash Financial Or Equity Interest Consideration Value Of Stock Given
NoncashOrPartNoncashAcquisitionNonCashFinancialOrEquityInterestConsiderationValueOfStockGiven
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CY2012Q1 dgii Other Income Net
OtherIncomeNet
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CY2013Q1 dgii Other Income Net
OtherIncomeNet
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dgii Other Income Net
OtherIncomeNet
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dgii Standard Product Warranty Accrual Term Maximum
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P5Y
dgii Standard Product Warranty Accrual Term Minimum
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000854775
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
25849057 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
DIGI INTERNATIONAL INC.

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