$DSGR
Distribution Solutions Group, Inc.

2015 Q4 Form 10-Q Financial Statement

#000070360415000091 Filed on October 22, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $64.96M $70.24M $74.13M
YoY Change -7.57% -5.24% 8.64%
Cost Of Revenue $25.90M $26.90M $29.60M
YoY Change -5.13% -9.1% 9.55%
Gross Profit $39.09M $43.34M $44.53M
YoY Change -8.95% -2.67% 8.04%
Gross Profit Margin 60.18% 61.7% 60.08%
Selling, General & Admin $41.10M $40.53M $43.86M
YoY Change -7.85% -7.58% 8.69%
% of Gross Profit 105.14% 93.52% 98.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.200M $2.120M $2.160M
YoY Change 3.29% -1.85% -8.47%
% of Gross Profit 5.63% 4.89% 4.85%
Operating Expenses $42.00M $40.53M $43.86M
YoY Change -6.87% -7.58% 8.69%
Operating Profit -$2.909M $2.810M $678.0K
YoY Change 34.36% 314.45% -22.07%
Interest Expense -$400.0K $131.0K $182.0K
YoY Change 300.0% -28.02% -50.14%
% of Operating Profit 4.66% 26.84%
Other Income/Expense, Net $0.00 -$1.000K $138.0K
YoY Change -100.0% -100.72% -826.32%
Pretax Income -$3.300M $2.678M $634.0K
YoY Change 32.0% 322.4% 30.45%
Income Tax $400.0K $248.0K $174.0K
% Of Pretax Income 9.26% 27.44%
Net Earnings -$3.688M $2.430M $460.0K
YoY Change 38.02% 428.26% -23.46%
Net Earnings / Revenue -5.68% 3.46% 0.62%
Basic Earnings Per Share -$0.42 $0.28 $0.05
Diluted Earnings Per Share -$0.42 $0.27 $0.05
COMMON SHARES
Basic Shares Outstanding 8.748M shares 8.746M shares 8.698M shares
Diluted Shares Outstanding 8.890M shares 8.832M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.80M $7.800M $1.100M
YoY Change 157.14% 609.09% 175.0%
Cash & Equivalents $10.77M $7.780M $1.078M
Short-Term Investments
Other Short-Term Assets $800.0K $800.0K $800.0K
YoY Change 0.0% 0.0% -92.59%
Inventory $44.10M $42.69M $44.43M
Prepaid Expenses
Receivables $27.23M $31.44M $35.50M
Other Receivables $3.700M $5.100M $4.000M
Total Short-Term Assets $86.56M $87.72M $85.85M
YoY Change 0.06% 2.18% -7.05%
LONG-TERM ASSETS
Property, Plant & Equipment $35.49M $37.00M $42.17M
YoY Change -14.67% -12.27% -32.16%
Goodwill $319.0K $300.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $434.0K $752.0K $529.0K
YoY Change -14.9% 42.16% 6.44%
Total Long-Term Assets $46.54M $48.03M $51.89M
YoY Change -9.35% -7.44% -27.65%
TOTAL ASSETS
Total Short-Term Assets $86.56M $87.72M $85.85M
Total Long-Term Assets $46.54M $48.03M $51.89M
Total Assets $133.1M $135.8M $137.7M
YoY Change -3.44% -1.44% -16.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.370M $9.905M $9.893M
YoY Change 19.11% 0.12% -30.24%
Accrued Expenses $26.05M $25.06M $25.65M
YoY Change -15.6% -2.29% 6.9%
Deferred Revenue
YoY Change
Short-Term Debt $900.0K $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $36.34M $34.96M $35.99M
YoY Change -6.16% -2.84% -36.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.769M $2.624M $1.762M
YoY Change 49.39% 48.92% 26.04%
Total Long-Term Liabilities $3.769M $2.624M $1.762M
YoY Change 49.39% 48.92% 26.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.34M $34.96M $35.99M
Total Long-Term Liabilities $3.769M $2.624M $1.762M
Total Liabilities $71.83M $70.15M $73.24M
YoY Change -5.47% -4.22% -22.96%
SHAREHOLDERS EQUITY
Retained Earnings $43.57M $47.26M $45.95M
YoY Change 0.69% 2.86% -9.09%
Common Stock $18.67M $18.35M $17.18M
YoY Change 7.19% 6.82% 5.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $515.0K $272.0K $194.0K
YoY Change 92.88% 40.21% 22.01%
Treasury Stock Shares 25.14K shares 15.43K shares 12.08K shares
Shareholders Equity $61.26M $65.60M $64.50M
YoY Change
Total Liabilities & Shareholders Equity $133.1M $135.8M $137.7M
YoY Change -3.44% -1.44% -16.05%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income -$3.688M $2.430M $460.0K
YoY Change 38.02% 428.26% -23.46%
Depreciation, Depletion And Amortization $2.200M $2.120M $2.160M
YoY Change 3.29% -1.85% -8.47%
Cash From Operating Activities $3.080M $3.900M $2.270M
YoY Change -31.86% 71.81% -56.35%
INVESTING ACTIVITIES
Capital Expenditures $440.0K $670.0K $380.0K
YoY Change -69.86% 76.32% 90.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$440.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$440.0K -$1.110M -$380.0K
YoY Change -70.07% 192.11% 245.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 930.0K 0.000 -2.400M
YoY Change -100.0% -51.52%
NET CHANGE
Cash From Operating Activities 3.080M 3.900M 2.270M
Cash From Investing Activities -440.0K -1.110M -380.0K
Cash From Financing Activities 930.0K 0.000 -2.400M
Net Change In Cash 3.570M 2.790M -510.0K
YoY Change 17.05% -647.06% -464.29%
FREE CASH FLOW
Cash From Operating Activities $3.080M $3.900M $2.270M
Capital Expenditures $440.0K $670.0K $380.0K
Free Cash Flow $2.640M $3.230M $1.890M
YoY Change -13.73% 70.9% -62.2%

Facts In Submission

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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1124000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1457000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-554000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-337000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
700000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
823000 USD
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
134000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
144000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
149000 shares
CY2014Q3 us-gaap Interest Expense
InterestExpense
182000 USD
us-gaap Interest Expense
InterestExpense
637000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
131000 USD
us-gaap Interest Paid
InterestPaid
700000 USD
us-gaap Interest Expense
InterestExpense
409000 USD
us-gaap Interest Paid
InterestPaid
400000 USD
CY2014Q4 us-gaap Inventory Gross
InventoryGross
50063000 USD
CY2015Q3 us-gaap Inventory Gross
InventoryGross
48428000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
44517000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
42691000 USD
CY2014Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5546000 USD
CY2015Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5737000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
75985000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
70148000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
137840000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
135750000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
38728000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
34964000 USD
CY2015Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
32300000 USD
CY2015Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
0 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-652000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-29000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-16025000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
50000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
19135000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2338000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2070000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
6236000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
460000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1697000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
2430000 USD
us-gaap Net Income Loss
NetIncomeLoss
3985000 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
43855000 USD
us-gaap Operating Expenses
OperatingExpenses
132408000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
40532000 USD
us-gaap Operating Expenses
OperatingExpenses
124927000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
678000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-2794000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2810000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
5106000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
510000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
752000 USD
CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-492000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-416000 USD
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-740000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1162000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2523000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2624000 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
138000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
71000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-210000 USD
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
-12125000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
441000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1297000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1900000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5433000 USD
CY2015Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5013000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
12500000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-16078000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
8307000 USD
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
3000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
53000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
50000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
41588000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36996000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
800000 USD
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
800000 USD
us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
22820 shares
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
43275000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
47260000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
74128000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
215412000 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
70243000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
210873000 USD
CY2014Q3 us-gaap Selling Expense
SellingExpense
23577000 USD
us-gaap Selling Expense
SellingExpense
67807000 USD
CY2015Q3 us-gaap Selling Expense
SellingExpense
22240000 USD
us-gaap Selling Expense
SellingExpense
68590000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
43855000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
129362000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
40532000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
124927000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3956000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
400000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
40000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8874000 shares
CY2015Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
28.40
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
61855000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
65602000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
13883 shares
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
15432 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
267000 USD
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
272000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8832000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8678000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8890000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8698000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8678000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8746000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8725000 shares

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