2018 Q1 Form 10-Q Financial Statement
#000114036118021641 Filed on May 04, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| Revenue | ||
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $1.800M | $1.300M |
| YoY Change | 38.46% | 0.0% |
| % of Gross Profit | ||
| Operating Expenses | ||
| YoY Change | ||
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $11.20M | $8.600M |
| YoY Change | 30.23% | 41.91% |
| Income Tax | $2.040M | $2.620M |
| % Of Pretax Income | 18.21% | 30.47% |
| Net Earnings | $9.160M | $5.970M |
| YoY Change | 53.43% | 45.61% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | $0.43 | $0.28 |
| Diluted Earnings Per Share | $422.7K | $275.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 21.37M | 21.31M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | ||
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $38.80M | $39.50M |
| YoY Change | -1.77% | -6.18% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $13.70M | $29.00M |
| YoY Change | -52.76% | -22.04% |
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $2.793B | $2.597B |
| YoY Change | 7.57% | 4.4% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | $31.40M | $31.50M |
| YoY Change | -0.32% | -28.57% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | ||
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $31.40M | $31.50M |
| YoY Change | -0.32% | -30.46% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $35.60M | $35.60M |
| YoY Change | 0.0% | 0.0% |
| Other Long-Term Liabilities | $1.400M | |
| YoY Change | ||
| Total Long-Term Liabilities | $35.60M | $37.00M |
| YoY Change | -3.78% | 3.93% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $31.40M | $31.50M |
| Total Long-Term Liabilities | $35.60M | $37.00M |
| Total Liabilities | $2.525B | $2.341B |
| YoY Change | 7.87% | 4.16% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $267.9M | $255.5M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.793B | $2.597B |
| YoY Change | 7.57% | 4.4% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $9.160M | $5.970M |
| YoY Change | 53.43% | 45.61% |
| Depreciation, Depletion And Amortization | $1.800M | $1.300M |
| YoY Change | 38.46% | 0.0% |
| Cash From Operating Activities | $6.900M | $3.200M |
| YoY Change | 115.63% | -41.82% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$900.0K | -$700.0K |
| YoY Change | 28.57% | 16.67% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$17.40M | -$50.70M |
| YoY Change | -65.68% | -2050.0% |
| Cash From Investing Activities | -$18.30M | -$51.40M |
| YoY Change | -64.4% | -2670.0% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -1.000M | 34.80M |
| YoY Change | -102.87% | -32.3% |
| NET CHANGE | ||
| Cash From Operating Activities | 6.900M | 3.200M |
| Cash From Investing Activities | -18.30M | -51.40M |
| Cash From Financing Activities | -1.000M | 34.80M |
| Net Change In Cash | -12.40M | -13.40M |
| YoY Change | -7.46% | -122.75% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $6.900M | $3.200M |
| Capital Expenditures | -$900.0K | -$700.0K |
| Free Cash Flow | $7.800M | $3.900M |
| YoY Change | 100.0% | -36.07% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q1 | ibcp |
Noninterest Income Other Operating Income Other
NoninterestIncomeOtherOperatingIncomeOther
|
560000 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.43 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.28 | |
| CY2017Q1 | us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
422000 | |
| CY2018Q1 | us-gaap |
Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
|
904000 | |
| CY2018Q1 | us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
923000 | |
| CY2017Q1 | us-gaap |
Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
|
418000 | |
| CY2017Q1 | us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
9 | |
| CY2018Q1 | us-gaap |
Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
|
12 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
|
12000 | |
| CY2017Q1 | us-gaap |
Impaired Financing Receivable With No Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeAccrualMethod
|
5000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
803000 | |
| CY2017Q1 | us-gaap |
Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
|
853000 | |
| CY2017Q4 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
527000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
|
551000 | |
| CY2017Q4 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
6839000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
|
6332000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
|
540000 | |
| CY2017Q1 | us-gaap |
Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
|
1633000 | |
| CY2017Q1 | us-gaap |
Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
|
848000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable With Related Allowance Interest Income Accrual Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeAccrualMethod
|
791000 | |
| CY2017Q4 | us-gaap |
Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
|
1087000 | |
| CY2017Q4 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
65544000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
64069000 | |
| CY2017Q4 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
65017000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
|
63518000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
64811000 | |
| CY2017Q4 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
68376000 | |
| CY2017Q1 | us-gaap |
Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
|
76653000 | |
| CY2017Q1 | us-gaap |
Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
|
75020000 | |
| CY2017Q4 | us-gaap |
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
|
67289000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
|
65363000 | |
| CY2018Q1 | us-gaap |
Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
|
66491000 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21308000 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21365000 | |
| CY2017Q4 | ibcp |
Accrued Interest Impaired Loans
AccruedInterestImpairedLoans
|
277000 | |
| CY2018Q1 | ibcp |
Accrued Interest Impaired Loans
AccruedInterestImpairedLoans
|
274000 | |
| CY2018Q1 | ibcp |
Impaired Financing Receivable Related Allowance With No Related Allowance
ImpairedFinancingReceivableRelatedAllowanceWithNoRelatedAllowance
|
0 | |
| CY2017Q4 | ibcp |
Impaired Financing Receivable Related Allowance With No Related Allowance
ImpairedFinancingReceivableRelatedAllowanceWithNoRelatedAllowance
|
0 |
