2013 Q2 Form 10-Q Financial Statement

#000103939913000007 Filed on August 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $62.73M $54.81M
YoY Change 14.45% 17.73%
Cost Of Revenue $46.33M $38.65M
YoY Change 19.88% 5.39%
Gross Profit $16.41M $16.17M
YoY Change 1.47% 63.47%
Gross Profit Margin 26.15% 29.49%
Selling, General & Admin $13.49M $11.53M
YoY Change 16.96% 3.38%
% of Gross Profit 82.21% 71.32%
Research & Development $10.92M $10.94M
YoY Change -0.18% 0.52%
% of Gross Profit 66.53% 67.64%
Depreciation & Amortization $7.200M $2.600M
YoY Change 176.92% -10.34%
% of Gross Profit 43.89% 16.08%
Operating Expenses $24.92M $22.66M
YoY Change 9.94% 8.26%
Operating Profit -$8.510M -$6.496M
YoY Change 31.0% -41.18%
Interest Expense $100.0K $200.0K
YoY Change -50.0% -50.0%
% of Operating Profit
Other Income/Expense, Net $209.0K $546.0K
YoY Change -61.72% -6.51%
Pretax Income -$8.205M -$5.768M
YoY Change 42.25% -42.83%
Income Tax $202.0K -$1.551M
% Of Pretax Income
Net Earnings -$8.407M -$4.217M
YoY Change 99.36% -45.08%
Net Earnings / Revenue -13.4% -7.69%
Basic Earnings Per Share -$0.16 -$0.08
Diluted Earnings Per Share -$0.16 -$0.08
COMMON SHARES
Basic Shares Outstanding 54.11M shares 49.82M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $154.5M $277.7M
YoY Change -44.36% -14.34%
Cash & Equivalents $57.16M $144.8M
Short-Term Investments $97.40M $132.9M
Other Short-Term Assets $10.40M $7.900M
YoY Change 31.65% -18.56%
Inventory $26.13M $20.51M
Prepaid Expenses
Receivables $38.96M $27.73M
Other Receivables $1.500M $0.00
Total Short-Term Assets $231.6M $333.9M
YoY Change -30.65% -12.98%
LONG-TERM ASSETS
Property, Plant & Equipment $39.63M $34.23M
YoY Change 15.79% -2.49%
Goodwill $29.96M
YoY Change
Intangibles $65.63M
YoY Change
Long-Term Investments
YoY Change
Other Assets $989.0K $4.081M
YoY Change -75.77% -68.12%
Total Long-Term Assets $140.7M $44.44M
YoY Change 216.6% -7.22%
TOTAL ASSETS
Total Short-Term Assets $231.6M $333.9M
Total Long-Term Assets $140.7M $44.44M
Total Assets $372.3M $378.4M
YoY Change -1.61% -12.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.18M $17.83M
YoY Change 35.6% 11.46%
Accrued Expenses $13.81M $16.11M
YoY Change -14.27% 5.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0K
YoY Change
Total Short-Term Liabilities $45.05M $40.45M
YoY Change 11.37% 12.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.30M $5.500M
YoY Change 87.27% -33.73%
Total Long-Term Liabilities $10.30M $5.500M
YoY Change 87.27% -33.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.05M $40.45M
Total Long-Term Liabilities $10.30M $5.500M
Total Liabilities $55.40M $45.95M
YoY Change 20.57% 3.71%
SHAREHOLDERS EQUITY
Retained Earnings -$371.8M -$329.8M
YoY Change 12.75%
Common Stock $688.7M $659.9M
YoY Change 4.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $316.9M $332.4M
YoY Change
Total Liabilities & Shareholders Equity $372.3M $378.4M
YoY Change -1.61% -12.34%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$8.407M -$4.217M
YoY Change 99.36% -45.08%
Depreciation, Depletion And Amortization $7.200M $2.600M
YoY Change 176.92% -10.34%
Cash From Operating Activities $4.100M $200.0K
YoY Change 1950.0% -102.78%
INVESTING ACTIVITIES
Capital Expenditures -$2.400M -$2.100M
YoY Change 14.29% 75.0%
Acquisitions
YoY Change
Other Investing Activities -$21.70M $11.90M
YoY Change -282.35% -48.71%
Cash From Investing Activities -$24.00M $9.700M
YoY Change -347.42% -55.91%
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 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 4.100M 200.0K
Cash From Investing Activities -24.00M 9.700M
Cash From Financing Activities 0.000 0.000
Net Change In Cash -19.90M 9.900M
YoY Change -301.01% -28.26%
FREE CASH FLOW
Cash From Operating Activities $4.100M $200.0K
Capital Expenditures -$2.400M -$2.100M
Free Cash Flow $6.500M $2.300M
YoY Change 182.61% -138.33%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fiscal year.</font><font style="font-family:inherit;font-size:10pt;">&#160;We operate on a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">52</font><font style="font-family:inherit;font-size:10pt;">/</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">53</font><font style="font-family:inherit;font-size:10pt;"> week fiscal year, whereby the fiscal year ends on the last Saturday of December. Fiscal 2013 will end on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;28, 2013</font><font style="font-family:inherit;font-size:10pt;">, and will consist of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">52</font><font style="font-family:inherit;font-size:10pt;"> weeks.</font></div></div>
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form Intangible Assets Net Excluding Goodwill Acquired During Period
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dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
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CY2013Q1 form Restructuring And Related Cost Expected Quarterly Savings
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form Restructuring Charges Gross
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form Working Capital Adjustments Effecting Microprobe Purchase Price
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-28
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-29
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001039399
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
54533417 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
FORMFACTOR INC.

Files In Submission

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