2010 Q4 Form 10-Q Financial Statement

#000095012310103691 Filed on November 10, 2010

View on sec.gov

Income Statement

Concept 2010 Q4 2009 Q3
Revenue $166.8M $157.1M
YoY Change 0.99% 7.66%
Cost Of Revenue $79.08M $76.10M
YoY Change -0.78% 6.89%
Gross Profit $87.76M $80.97M
YoY Change 2.76% 8.39%
Gross Profit Margin 52.6% 51.55%
Selling, General & Admin $52.79M $47.47M
YoY Change -0.77% 3.42%
% of Gross Profit 60.16% 58.63%
Research & Development $7.954M $6.475M
YoY Change 22.37% 24.52%
% of Gross Profit 9.06% 8.0%
Depreciation & Amortization $12.30M $10.60M
YoY Change 10.81% 4.95%
% of Gross Profit 14.02% 13.09%
Operating Expenses $58.85M $53.94M
YoY Change -1.26% 5.57%
Operating Profit $28.91M $27.02M
YoY Change 12.03% 14.5%
Interest Expense $23.00K $255.0K
YoY Change -104.6% -131.88%
% of Operating Profit 0.08% 0.94%
Other Income/Expense, Net -$216.0K -$801.0K
YoY Change
Pretax Income $29.16M $26.07M
YoY Change 14.8% 14.34%
Income Tax $7.821M $8.020M
% Of Pretax Income 26.82% 30.76%
Net Earnings $21.34M $18.05M
YoY Change 16.6% 21.96%
Net Earnings / Revenue 12.79% 11.49%
Basic Earnings Per Share $0.86 $0.70
Diluted Earnings Per Share $0.85 $0.69
COMMON SHARES
Basic Shares Outstanding 24.69M shares 25.69M shares
Diluted Shares Outstanding 25.23M shares 26.32M shares

Balance Sheet

Concept 2010 Q4 2009 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $115.0M $178.3M
YoY Change -31.95% 60.2%
Cash & Equivalents $115.0M $178.3M
Short-Term Investments
Other Short-Term Assets $25.52M $32.00M
YoY Change -19.25% -7.25%
Inventory $86.01M $77.10M
Prepaid Expenses
Receivables $121.8M $118.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $362.2M $406.1M
YoY Change -8.09% 18.92%
LONG-TERM ASSETS
Property, Plant & Equipment $157.3M $153.0M
YoY Change 2.14% 22.5%
Goodwill $112.4M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.919M $8.200M
YoY Change 19.51% -44.22%
Total Long-Term Assets $375.5M $308.2M
YoY Change 21.88% 18.9%
TOTAL ASSETS
Total Short-Term Assets $362.2M $406.1M
Total Long-Term Assets $375.5M $308.2M
Total Assets $737.7M $714.3M
YoY Change 5.06% 18.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.63M $24.80M
YoY Change -8.74% 22.17%
Accrued Expenses $30.30M $24.20M
YoY Change 8.21% 11.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.70M $15.20M
YoY Change -22.5% 87.65%
Total Short-Term Liabilities $113.8M $112.8M
YoY Change 6.21% 29.36%
LONG-TERM LIABILITIES
Long-Term Debt $4.423M $5.000M
YoY Change -7.85% -12.28%
Other Long-Term Liabilities $12.49M $13.40M
YoY Change -8.16% 71.79%
Total Long-Term Liabilities $16.91M $18.40M
YoY Change -8.08% 36.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $113.8M $112.8M
Total Long-Term Liabilities $16.91M $18.40M
Total Liabilities $130.7M $134.9M
YoY Change 1.21% 29.84%
SHAREHOLDERS EQUITY
Retained Earnings $332.9M
YoY Change
Common Stock $256.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $594.4M $579.4M
YoY Change
Total Liabilities & Shareholders Equity $737.7M $714.3M
YoY Change 5.06% 18.91%

Cashflow Statement

Concept 2010 Q4 2009 Q3
OPERATING ACTIVITIES
Net Income $21.34M $18.05M
YoY Change 16.6% 21.96%
Depreciation, Depletion And Amortization $12.30M $10.60M
YoY Change 10.81% 4.95%
Cash From Operating Activities $30.80M $35.80M
YoY Change -5.23% 27.86%
INVESTING ACTIVITIES
Capital Expenditures -$8.900M -$11.70M
YoY Change -25.83% -28.66%
Acquisitions
YoY Change
Other Investing Activities $200.0K -$12.70M
YoY Change 0.0% 12600.0%
Cash From Investing Activities -$8.700M -$24.40M
YoY Change -25.64% 48.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.600M -6.900M
YoY Change -124.76% -64.25%
NET CHANGE
Cash From Operating Activities 30.80M 35.80M
Cash From Investing Activities -8.700M -24.40M
Cash From Financing Activities 7.600M -6.900M
Net Change In Cash 29.70M 4.500M
YoY Change -400.0% -158.44%
FREE CASH FLOW
Cash From Operating Activities $30.80M $35.80M
Capital Expenditures -$8.900M -$11.70M
Free Cash Flow $39.70M $47.50M
YoY Change -10.79% 6.98%

Facts In Submission

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12845000 USD
hae Acquisition Of Neoteric
AcquisitionOfNeoteric
USD
hae Acquisition Of Neoteric
AcquisitionOfNeoteric
6613000 USD
hae Acquisition Of Medicell
AcquisitionOfMedicell
USD
hae Acquisition Of Medicell
AcquisitionOfMedicell
306000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23826000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-52261000 USD
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
-166000 USD
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
-369000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
-5249000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
13578000 USD
us-gaap Employee Stock Ownership Plan Esop Cash Contributions To Esop
EmployeeStockOwnershipPlanESOPCashContributionsToESOP
1645000 USD
us-gaap Employee Stock Ownership Plan Esop Cash Contributions To Esop
EmployeeStockOwnershipPlanESOPCashContributionsToESOP
1484000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5841000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3388000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
628000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
157000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
50000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6331000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-47301000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11907000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
328000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
476000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-26513000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
21601000 USD
hae Transfers From Inventory To Fixed Assets
TransfersFromInventoryToFixedAssets
3710000 USD
hae Transfers From Inventory To Fixed Assets
TransfersFromInventoryToFixedAssets
2809000 USD
us-gaap Interest Paid Net
InterestPaidNet
251000 USD
us-gaap Interest Paid Net
InterestPaidNet
283000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6941000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6360000 USD
CY2009Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
156721000 USD
CY2009Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
178322000 USD
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2010-10-02
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-02
dei Entity Central Index Key
EntityCentralIndexKey
0000313143
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
HAEMONETICS CORP
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2010Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24746788 shares
CY2009Q3 dei Entity Public Float
EntityPublicFloat
1338071042 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2

Files In Submission

Name View Source Status
0000950123-10-103691-index-headers.html Edgar Link pending
0000950123-10-103691-index.html Edgar Link pending
0000950123-10-103691.txt Edgar Link pending
0000950123-10-103691-xbrl.zip Edgar Link pending
b82687e10vq.htm Edgar Link pending
b82687exv31w1.htm Edgar Link pending
b82687exv31w2.htm Edgar Link pending
b82687exv32w1.htm Edgar Link pending
b82687exv32w2.htm Edgar Link pending
defnref.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
hae-20101002.xml Edgar Link completed
hae-20101002.xsd Edgar Link pending
hae-20101002_cal.xml Edgar Link unprocessable
hae-20101002_def.xml Edgar Link unprocessable
hae-20101002_lab.xml Edgar Link unprocessable
hae-20101002_pre.xml Edgar Link unprocessable
R1.xml Edgar Link unprocessable
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