$IPAR
INTERPARFUMS INC

2015 Q4 Form 10-Q Financial Statement

#000114420415063769 Filed on November 09, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $118.3M $138.9M $134.2M
YoY Change -5.44% 3.53% 5.88%
Cost Of Revenue $50.70M $53.12M $58.88M
YoY Change -16.34% -9.78% 3.76%
Gross Profit $67.60M $85.83M $75.33M
YoY Change 4.64% 13.94% 7.6%
Gross Profit Margin 57.14% 61.77% 56.13%
Selling, General & Admin $63.40M $58.19M $56.65M
YoY Change 5.49% 2.72% 2.32%
% of Gross Profit 93.79% 67.8% 75.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.360M $2.280M $2.580M
YoY Change -3.67% -11.63% 5.31%
% of Gross Profit 3.49% 2.66% 3.43%
Operating Expenses $63.40M $58.19M $56.65M
YoY Change 5.49% 2.72% 2.32%
Operating Profit $4.200M $27.64M $18.68M
YoY Change -6.67% 47.95% 27.54%
Interest Expense $0.00 $1.041M $554.0K
YoY Change -100.0% 87.91% 56.5%
% of Operating Profit 0.0% 3.77% 2.97%
Other Income/Expense, Net $152.0K $1.490M
YoY Change -89.8% 116.57%
Pretax Income $4.300M $27.79M $20.17M
YoY Change -15.69% 37.77% 31.54%
Income Tax $2.800M $9.156M $6.407M
% Of Pretax Income 65.12% 32.95% 31.76%
Net Earnings $1.900M $14.22M $11.11M
YoY Change -42.42% 27.96% 41.49%
Net Earnings / Revenue 1.61% 10.23% 8.28%
Basic Earnings Per Share $0.46 $0.36
Diluted Earnings Per Share $61.09K $0.46 $0.36
COMMON SHARES
Basic Shares Outstanding 31.01M shares 31.01M shares 30.94M shares
Diluted Shares Outstanding 31.10M shares 31.05M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $259.8M $214.7M $246.8M
YoY Change -7.31% -13.01% -14.19%
Cash & Equivalents $177.0M $124.5M $50.19M
Short-Term Investments $82.80M $90.20M $196.6M
Other Short-Term Assets $5.811M $14.50M $6.194M
YoY Change 29.02% 134.1% 37.8%
Inventory $98.35M $107.0M $112.9M
Prepaid Expenses
Receivables $95.08M $130.2M $122.2M
Other Receivables $2.422M $3.500M $1.663M
Total Short-Term Assets $468.8M $470.0M $497.6M
YoY Change -3.66% -5.54% -6.09%
LONG-TERM ASSETS
Property, Plant & Equipment $9.333M $8.700M $9.624M
YoY Change 1.59% -9.6% -4.66%
Goodwill
YoY Change
Intangibles $201.3M $103.1M
YoY Change 95.88% -8.29%
Long-Term Investments
YoY Change
Other Assets $8.234M $8.500M $10.11M
YoY Change -19.47% -15.89% -11.93%
Total Long-Term Assets $218.9M $224.9M $122.9M
YoY Change 85.6% 83.03% -8.99%
TOTAL ASSETS
Total Short-Term Assets $468.8M $470.0M $497.6M
Total Long-Term Assets $218.9M $224.9M $122.9M
Total Assets $687.7M $694.9M $620.4M
YoY Change 13.76% 12.0% -6.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.64M $39.30M $51.02M
YoY Change 8.55% -22.97% 4.45%
Accrued Expenses $46.89M $42.50M $42.27M
YoY Change -4.68% 0.55% -17.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0% -33.33%
Long-Term Debt Due $22.16M $21.98M
YoY Change
Total Short-Term Liabilities $131.1M $117.0M $105.1M
YoY Change 26.49% 11.29% -6.01%
LONG-TERM LIABILITIES
Long-Term Debt $76.44M $84.56M $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $76.44M $84.56M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $131.1M $117.0M $105.1M
Total Long-Term Liabilities $76.44M $84.56M $0.00
Total Liabilities $207.5M $319.4M $227.5M
YoY Change 100.26% 40.4% -6.15%
SHAREHOLDERS EQUITY
Retained Earnings $388.4M $374.5M
YoY Change 3.83% -1.98%
Common Stock $31.00K $31.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $36.82M $36.46M $36.27M
YoY Change 0.97% 0.55% 2.43%
Treasury Stock Shares 9.880M shares 9.898M shares 9.925M shares
Shareholders Equity $365.6M $375.5M $392.9M
YoY Change
Total Liabilities & Shareholders Equity $687.7M $694.9M $620.4M
YoY Change 13.76% 12.0% -6.68%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $1.900M $14.22M $11.11M
YoY Change -42.42% 27.96% 41.49%
Depreciation, Depletion And Amortization $2.360M $2.280M $2.580M
YoY Change -3.67% -11.63% 5.31%
Cash From Operating Activities $62.58M -$3.470M -$1.760M
YoY Change 25.64% 97.16% -107.79%
INVESTING ACTIVITIES
Capital Expenditures -$1.910M -$950.0K -$1.560M
YoY Change 135.8% -39.1% -10.34%
Acquisitions
YoY Change
Other Investing Activities $4.570M $61.50M $1.610M
YoY Change 2588.24% 3719.88% -106.09%
Cash From Investing Activities $2.660M $60.55M $50.00K
YoY Change -509.23% 121000.0% -100.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.790M -8.920M -3.620M
YoY Change 200.0% 146.41% -3.21%
NET CHANGE
Cash From Operating Activities 62.58M -3.470M -1.760M
Cash From Investing Activities 2.660M 60.55M 50.00K
Cash From Financing Activities -8.790M -8.920M -3.620M
Net Change In Cash 56.45M 48.16M -5.330M
YoY Change 22.11% -1003.56% -42.81%
FREE CASH FLOW
Cash From Operating Activities $62.58M -$3.470M -$1.760M
Capital Expenditures -$1.910M -$950.0K -$1.560M
Free Cash Flow $64.49M -$2.520M -$200.0K
YoY Change 27.4% 1160.0% -100.82%

Facts In Submission

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1631000 USD
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P5Y
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P5Y
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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200000 USD
us-gaap Allocated Share Based Compensation Expense
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590000 USD
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120000 USD
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350000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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30000 USD
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101000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
133000 shares
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6346000 USD
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12931000 USD
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214975000 USD
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2500000 USD
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2584000 USD
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119541000 USD
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821000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Repayments Of Short Term Debt
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us-gaap Repayments Of Short Term Debt
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5841000 USD
ipar Proceeds From Stock Options And Warrants Exercised
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451000 USD
ipar Proceeds From Stock Options And Warrants Exercised
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861000 USD
ipar Proceeds From Sale Of Subsidiary Stock Ownership
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690000 USD
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1030000 USD
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11775000 USD
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11128000 USD
us-gaap Payments For Repurchase Of Common Stock
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USD
us-gaap Payments For Repurchase Of Common Stock
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37000 USD
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90566000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-19782000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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-5861000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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34391000 USD
us-gaap Depreciation And Amortization
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6718000 USD
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CashAndCashEquivalentsAtCarryingValue
125650000 USD
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16692000 USD
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6396000 USD
us-gaap Depreciation And Amortization
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7723000 USD
us-gaap Provision For Doubtful Accounts
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39000 USD
us-gaap Provision For Doubtful Accounts
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456000 USD
us-gaap Share Based Compensation
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590000 USD
us-gaap Unrealized Gain Loss On Derivatives
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-670000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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111440000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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6404000 USD
us-gaap Repayments Of Long Term Debt
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us-gaap Payments Of Dividends Minority Interest
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3836000 USD
us-gaap Payments Of Dividends Minority Interest
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4667000 USD
us-gaap Unrealized Gain Loss On Derivatives
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USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
INTER PARFUMS INC
dei Entity Central Index Key
EntityCentralIndexKey
0000822663
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Type
DocumentType
10-Q
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31005548 shares
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-16000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
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-6000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
-335000 USD
CY2015Q3 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
14220000 USD
CY2014Q3 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
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11097000 USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
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28572000 USD
CY2015Q2 ipar License Agreement Term
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P11Y
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116243000 USD
ipar Intangible Assets Acquired
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119541000 USD
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922000 USD
us-gaap Amortization Of Intangible Assets
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4291000 USD
CY2014 us-gaap Amortization Of Intangible Assets
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6595000 USD
ipar Intangible Assets Excluding Goodwill Translation Adjustments
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CY2015Q3 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
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USD
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
25780000 USD

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