2013 Q3 Form 10-Q Financial Statement

#000119312513310182 Filed on July 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $19.12M $16.98M $31.79M
YoY Change 13.55% -46.58% 82.47%
Cost Of Revenue $12.22M $13.15M $17.54M
YoY Change 10.07% -24.99% 58.85%
Gross Profit $6.895M $3.829M $14.25M
YoY Change 20.29% -73.14% 123.42%
Gross Profit Margin 36.07% 22.55% 44.84%
Selling, General & Admin $5.627M $5.235M $6.669M
YoY Change -11.93% -21.5% -3.21%
% of Gross Profit 81.61% 136.72% 46.79%
Research & Development $4.250M $5.584M $8.263M
YoY Change -42.07% -32.42% -8.29%
% of Gross Profit 61.64% 145.83% 57.97%
Depreciation & Amortization $1.190M $1.060M $1.060M
YoY Change 9.17% 0.0% -23.74%
% of Gross Profit 17.26% 27.68% 7.44%
Operating Expenses $9.877M $10.82M $14.93M
YoY Change -41.0% -27.54% -6.09%
Operating Profit -$2.982M -$6.990M -$678.0K
YoY Change -72.92% 930.97% -92.88%
Interest Expense $220.0K $90.00K $50.00K
YoY Change -2300.0% 80.0% -61.54%
% of Operating Profit
Other Income/Expense, Net $220.0K $92.00K $48.00K
YoY Change -2850.0% 91.67%
Pretax Income -$2.762M -$6.898M -$630.0K
YoY Change -74.93% 994.92% -93.29%
Income Tax -$17.00K -$486.0K $863.0K
% Of Pretax Income
Net Earnings -$2.745M -$6.412M -$1.493M
YoY Change -65.72% 329.47% -78.77%
Net Earnings / Revenue -14.36% -37.76% -4.7%
Basic Earnings Per Share
Diluted Earnings Per Share -$114.9K -$269.4K -$64.03K
COMMON SHARES
Basic Shares Outstanding 23.79M shares 23.78M shares
Diluted Shares Outstanding 23.93M shares 23.79M shares 23.27M shares

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.10M $68.60M $66.10M
YoY Change -4.82% 3.78% -13.14%
Cash & Equivalents $16.63M $22.25M $12.60M
Short-Term Investments $48.40M $46.30M $53.50M
Other Short-Term Assets $1.011M $965.0K $10.90M
YoY Change -89.58% -91.15% 6.86%
Inventory $25.79M $25.63M $19.80M
Prepaid Expenses
Receivables $16.10M $17.50M $25.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $108.7M $113.1M $122.8M
YoY Change -8.72% -7.94% -2.31%
LONG-TERM ASSETS
Property, Plant & Equipment $13.07M $12.33M $13.90M
YoY Change -1.02% -11.31% -9.15%
Goodwill
YoY Change
Intangibles $5.180M $5.459M
YoY Change
Long-Term Investments $20.70M $19.70M $37.30M
YoY Change -31.91% -47.18% -28.68%
Other Assets $478.0K $531.0K $27.20M
YoY Change -98.29% -98.05% 33.99%
Total Long-Term Assets $52.64M $51.60M $102.9M
YoY Change -45.17% -49.85% -9.02%
TOTAL ASSETS
Total Short-Term Assets $108.7M $113.1M $122.8M
Total Long-Term Assets $52.64M $51.60M $102.9M
Total Assets $161.4M $164.7M $225.7M
YoY Change -24.99% -27.05% -5.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.719M $6.491M $5.800M
YoY Change -23.89% 11.91% 13.73%
Accrued Expenses $6.111M $4.520M $17.50M
YoY Change -50.72% -74.17% 15.13%
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 $23.22M $25.27M $25.30M
YoY Change 8.5% -0.11% 0.8%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.250M $9.328M $10.20M
YoY Change -1.6% -8.55% -7.27%
Total Long-Term Liabilities $9.250M $9.328M $10.20M
YoY Change -1.6% -8.55% -7.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.22M $25.27M $25.30M
Total Long-Term Liabilities $9.250M $9.328M $10.20M
Total Liabilities $32.47M $34.60M $35.50M
YoY Change 5.42% -2.54% -1.66%
SHAREHOLDERS EQUITY
Retained Earnings -$27.57M -$24.83M
YoY Change
Common Stock $155.7M $154.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $128.9M $130.1M $190.3M
YoY Change
Total Liabilities & Shareholders Equity $161.4M $164.7M $225.7M
YoY Change -24.99% -27.05% -5.49%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$2.745M -$6.412M -$1.493M
YoY Change -65.72% 329.47% -78.77%
Depreciation, Depletion And Amortization $1.190M $1.060M $1.060M
YoY Change 9.17% 0.0% -23.74%
Cash From Operating Activities -$4.200M -$4.530M -$4.580M
YoY Change 3.96% -1.09% -39.58%
INVESTING ACTIVITIES
Capital Expenditures -$90.00K -$540.0K -$820.0K
YoY Change -79.55% -34.15% -68.7%
Acquisitions
YoY Change
Other Investing Activities -$2.060M $2.460M $2.350M
YoY Change -123.68% 4.68% -103.14%
Cash From Investing Activities -$2.160M $1.930M $1.530M
YoY Change -126.15% 26.14% -101.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 730.0K 10.00K -2.370M
YoY Change 2333.33% -100.42% -258.0%
NET CHANGE
Cash From Operating Activities -4.200M -4.530M -4.580M
Cash From Investing Activities -2.160M 1.930M 1.530M
Cash From Financing Activities 730.0K 10.00K -2.370M
Net Change In Cash -5.630M -2.590M -5.420M
YoY Change -232.47% -52.21% -93.52%
FREE CASH FLOW
Cash From Operating Activities -$4.200M -$4.530M -$4.580M
Capital Expenditures -$90.00K -$540.0K -$820.0K
Free Cash Flow -$4.110M -$3.990M -$3.760M
YoY Change 14.17% 6.12% -24.19%

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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
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dei Amendment Flag
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dei Entity Filer Category
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dei Document Fiscal Year Focus
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2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-06-29
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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<div> <p style="TEXT-TRANSFORM: none; MARGIN-TOP: 12px; TEXT-INDENT: 0px; LETTER-SPACING: normal; FONT: medium 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><font style="FONT-FAMILY: 'Times New Roman'" size="2"><b>16. Contingencies</b></font></b></font></p> <p style="TEXT-TRANSFORM: none; MARGIN-TOP: 6px; TEXT-INDENT: 4%; LETTER-SPACING: normal; FONT: medium 'Times New Roman'; WHITE-SPACE: normal; MARGIN-BOTTOM: 0px; COLOR: rgb(0,0,0); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><font style="FONT-FAMILY: 'Times New Roman'" size="2">From time to time, Intevac may have certain contingent liabilities that arise in the ordinary course of its business activities. Intevac accounts for contingent liabilities when it is probable that future expenditures will be made and such expenditures can be reasonably estimated.</font></font></p> </div>
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