$HSTM
HEALTHSTREAM INC

2013 Q4 Form 10-Q Financial Statement

#000119312513416025 Filed on October 29, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $37.05M $33.66M $26.38M
YoY Change 33.08% 27.59% 27.93%
Cost Of Revenue $16.12M $14.09M $10.80M
YoY Change 45.09% 30.43% 36.41%
Gross Profit $20.93M $19.57M $15.58M
YoY Change 25.1% 25.62% 22.65%
Gross Profit Margin 56.49% 58.13% 59.04%
Selling, General & Admin $12.22M $10.44M $7.895M
YoY Change 32.54% 32.22% 19.8%
% of Gross Profit 58.39% 53.35% 50.69%
Research & Development $3.160M $3.210M $2.278M
YoY Change 38.6% 40.91% 16.82%
% of Gross Profit 15.1% 16.41% 14.63%
Depreciation & Amortization $2.040M $2.039M $1.672M
YoY Change 8.51% 21.95% 13.74%
% of Gross Profit 9.75% 10.42% 10.73%
Operating Expenses $17.42M $13.65M $10.17M
YoY Change 30.19% 34.17% 1.73%
Operating Profit $3.510M $3.879M $3.731M
YoY Change 4.78% 3.97% 38.19%
Interest Expense $40.00K
YoY Change -500.0%
% of Operating Profit 1.07%
Other Income/Expense, Net $60.00K $46.00K $42.00K
YoY Change 100.0% 9.52%
Pretax Income $3.560M $3.925M $3.773M
YoY Change 5.33% 4.03% 40.26%
Income Tax $1.800M $1.629M $1.796M
% Of Pretax Income 50.56% 41.5% 47.6%
Net Earnings $1.760M $2.296M $1.977M
YoY Change -3.3% 16.14% 9.83%
Net Earnings / Revenue 4.75% 6.82% 7.49%
Basic Earnings Per Share $0.08 $0.08
Diluted Earnings Per Share $63.17K $0.08 $0.07
COMMON SHARES
Basic Shares Outstanding 27.26M shares 27.09M shares 26.17M shares
Diluted Shares Outstanding 27.74M shares 27.59M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $108.2M $104.7M $95.90M
YoY Change 15.95% 9.18% 217.55%
Cash & Equivalents $59.54M $55.10M $23.70M
Short-Term Investments $48.70M $49.60M $72.20M
Other Short-Term Assets $3.365M $3.196M $5.000M
YoY Change 48.5% -36.08% -31.51%
Inventory
Prepaid Expenses
Receivables $25.31M $22.74M $17.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $147.1M $140.6M $117.9M
YoY Change 24.37% 19.29% 128.05%
LONG-TERM ASSETS
Property, Plant & Equipment $9.038M $7.870M $7.400M
YoY Change 15.58% 6.35% 21.31%
Goodwill $35.75M $34.04M
YoY Change 22.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $242.0K $824.0K $600.0K
YoY Change -58.35% 37.33% -76.0%
Total Long-Term Assets $65.47M $64.15M $44.00M
YoY Change 16.42% 45.8% 10.83%
TOTAL ASSETS
Total Short-Term Assets $147.1M $140.6M $117.9M
Total Long-Term Assets $65.47M $64.15M $44.00M
Total Assets $212.6M $204.8M $161.9M
YoY Change 21.81% 26.5% 77.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.311M $1.848M $600.0K
YoY Change 118.64% 208.0% -53.85%
Accrued Expenses $5.684M $7.551M $6.700M
YoY Change 21.69% 12.7% 19.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $56.21M $54.35M $31.10M
YoY Change 60.46% 74.75% 13.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $776.0K $643.0K $900.0K
YoY Change -6.05% -28.56% 80.0%
Total Long-Term Liabilities $776.0K $643.0K $900.0K
YoY Change -6.05% -28.56% 80.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.21M $54.35M $31.10M
Total Long-Term Liabilities $776.0K $643.0K $900.0K
Total Liabilities $56.99M $54.99M $32.90M
YoY Change 58.93% 67.14% 17.92%
SHAREHOLDERS EQUITY
Retained Earnings -$17.42M -$19.18M
YoY Change -32.57%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $149.4M $143.3M $129.0M
YoY Change
Total Liabilities & Shareholders Equity $212.6M $204.8M $161.9M
YoY Change 21.81% 26.5% 77.13%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $1.760M $2.296M $1.977M
YoY Change -3.3% 16.14% 9.83%
Depreciation, Depletion And Amortization $2.040M $2.039M $1.672M
YoY Change 8.51% 21.95% 13.74%
Cash From Operating Activities $3.840M $11.85M $6.670M
YoY Change -44.59% 77.66% 17.84%
INVESTING ACTIVITIES
Capital Expenditures -$3.280M -$2.170M -$2.270M
YoY Change 32.79% -4.41% -2.58%
Acquisitions
YoY Change
Other Investing Activities $230.0K -$10.49M -$8.100M
YoY Change -98.24% 29.51% -505.0%
Cash From Investing Activities -$3.050M -$12.66M -$10.37M
YoY Change -128.8% 22.08% 3042.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.640M 1.260M 70.00K
YoY Change 2500.0% 1700.0% -84.78%
NET CHANGE
Cash From Operating Activities 3.840M 11.85M 6.670M
Cash From Investing Activities -3.050M -12.66M -10.37M
Cash From Financing Activities 3.640M 1.260M 70.00K
Net Change In Cash 4.430M 450.0K -3.630M
YoY Change -74.92% -112.4% -162.69%
FREE CASH FLOW
Cash From Operating Activities $3.840M $11.85M $6.670M
Capital Expenditures -$3.280M -$2.170M -$2.270M
Free Cash Flow $7.120M $14.02M $8.940M
YoY Change -24.26% 56.82% 11.89%

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dei Entity Registrant Name
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ShareBasedCompensation
837000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
70000
us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
30546000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-53201000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14637000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-767000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2031000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-69594000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6328000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
791000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4779000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
837000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
35125000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4376000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27591000 shares
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1418000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26173000 shares
CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
72000 shares
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2002000
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
42000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3731000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3773000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
1977000
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
25000
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
26380000
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
25000
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
22649000
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3472000
CY2012Q3 us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
10804000
CY2012Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4423000
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2278000
CY2012Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1672000
CY2012Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
296000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1796000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27735000 shares
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
650000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27085000 shares
CY2013Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6000 shares
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2302000
CY2013Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
5000
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
46000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3879000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3925000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
2296000
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6000
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
33659000
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
6000
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
29780000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4551000
CY2013Q3 us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
14092000
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5888000
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3210000
CY2013Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2039000
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
378000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1629000

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