2014 Q2 Form 10-Q Financial Statement

#000116219414000016 Filed on May 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $27.61M $25.72M $14.54M
YoY Change 57.93% 76.98% 32.8%
Cost Of Revenue $9.955M $8.704M $4.259M
YoY Change 104.16% 104.37% 20.11%
Gross Profit $17.65M $17.02M $10.28M
YoY Change 40.05% 65.63% 38.88%
Gross Profit Margin 63.94% 66.16% 70.7%
Selling, General & Admin $18.66M $15.26M $11.15M
YoY Change 60.86% 36.88% 18.54%
% of Gross Profit 105.68% 89.64% 108.47%
Research & Development $11.37M $7.646M $4.197M
YoY Change 127.62% 82.18% -1.92%
% of Gross Profit 64.43% 44.92% 40.84%
Depreciation & Amortization $3.720M $2.320M $580.0K
YoY Change 509.84% 300.0% 16.0%
% of Gross Profit 21.07% 13.63% 5.64%
Operating Expenses $30.03M $22.90M $15.34M
YoY Change 80.96% 49.27% 12.14%
Operating Profit -$12.38M -$16.58M -$5.067M
YoY Change 210.2% 227.2% -19.35%
Interest Expense $1.415M $1.026M $10.00K
YoY Change 70650.0% 10160.0% -96.74%
% of Operating Profit
Other Income/Expense, Net -$18.00K $48.00K -$213.0K
YoY Change -53.85% -122.54% 249.18%
Pretax Income -$13.81M -$17.56M -$3.513M
YoY Change 242.59% 399.77% -47.18%
Income Tax -$1.128M -$2.143M $38.00K
% Of Pretax Income
Net Earnings -$12.68M -$15.41M -$3.551M
YoY Change 213.45% 334.07% -46.92%
Net Earnings / Revenue -45.94% -59.92% -24.43%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.45 -$0.57 -$0.14
COMMON SHARES
Basic Shares Outstanding 28.06M shares 27.87M shares 25.27M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.70M $143.1M $79.60M
YoY Change 56.79% 79.77% 104.63%
Cash & Equivalents $43.68M $101.0M $61.82M
Short-Term Investments $51.10M $42.10M $17.80M
Other Short-Term Assets $3.000M $3.500M $1.600M
YoY Change 50.0% 118.75% 0.0%
Inventory $16.36M $13.43M $7.371M
Prepaid Expenses
Receivables $13.33M $18.79M $10.06M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $127.4M $178.8M $98.56M
YoY Change 58.22% 81.43% 73.82%
LONG-TERM ASSETS
Property, Plant & Equipment $11.57M $9.377M $5.019M
YoY Change 135.17% 86.83% 39.42%
Goodwill $104.2M $104.2M
YoY Change
Intangibles $107.8M $110.6M
YoY Change
Long-Term Investments $62.30M $15.10M $7.300M
YoY Change 169.7% 106.85% 19.67%
Other Assets $4.405M $6.558M $2.363M
YoY Change 28.39% 177.53% -46.3%
Total Long-Term Assets $290.3M $245.9M $14.68M
YoY Change 823.88% 1575.14% 4.86%
TOTAL ASSETS
Total Short-Term Assets $127.4M $178.8M $98.56M
Total Long-Term Assets $290.3M $245.9M $14.68M
Total Assets $417.7M $424.7M $113.2M
YoY Change 273.1% 275.07% 60.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.637M $8.001M $3.214M
YoY Change 282.42% 148.94% -21.61%
Accrued Expenses $8.296M $8.206M $4.149M
YoY Change 78.75% 97.78% -28.47%
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 $27.31M $25.74M $11.54M
YoY Change 134.87% 123.07% -34.82%
LONG-TERM LIABILITIES
Long-Term Debt $195.3M $195.2M $0.00
YoY Change
Other Long-Term Liabilities $1.140M $888.0K $205.0K
YoY Change 267.74% 333.17% -79.5%
Total Long-Term Liabilities $1.140M $888.0K $205.0K
YoY Change 267.74% 333.17% -79.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.31M $25.74M $11.54M
Total Long-Term Liabilities $1.140M $888.0K $205.0K
Total Liabilities $255.9M $257.3M $13.11M
YoY Change 1784.54% 1862.11% -30.25%
SHAREHOLDERS EQUITY
Retained Earnings -$285.4M -$272.8M -$244.4M
YoY Change 14.9% 11.62%
Common Stock $28.00K $28.00K $25.00K
YoY Change 12.0% 12.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $161.8M $167.4M $100.1M
YoY Change
Total Liabilities & Shareholders Equity $417.7M $424.7M $113.2M
YoY Change 273.1% 275.07% 60.17%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$12.68M -$15.41M -$3.551M
YoY Change 213.45% 334.07% -46.92%
Depreciation, Depletion And Amortization $3.720M $2.320M $580.0K
YoY Change 509.84% 300.0% 16.0%
Cash From Operating Activities $310.0K -$10.55M -$884.0K
YoY Change -111.74% 1093.1% -86.69%
INVESTING ACTIVITIES
Capital Expenditures $2.750M $1.813M $698.0K
YoY Change 102.21% 159.74% 75.82%
Acquisitions $113.2M $0.00
YoY Change
Other Investing Activities -$56.10M -$119.4M $3.090M
YoY Change 114.53% -3964.72% -37.83%
Cash From Investing Activities -$58.86M -$121.2M $2.395M
YoY Change 113.88% -5161.84% -47.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities 1.170M $197.5M $1.767M
YoY Change 80.0% 11077.08% -158.16%
NET CHANGE
Cash From Operating Activities 310.0K -$10.55M -$884.0K
Cash From Investing Activities -58.86M -$121.2M $2.395M
Cash From Financing Activities 1.170M $197.5M $1.767M
Net Change In Cash -57.38M $65.72M $3.278M
YoY Change 94.44% 1904.91% -164.14%
FREE CASH FLOW
Cash From Operating Activities $310.0K -$10.55M -$884.0K
Capital Expenditures $2.750M $1.813M $698.0K
Free Cash Flow -$2.440M -$12.36M -$1.582M
YoY Change -39.0% 681.29% -77.53%

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CY2014Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain items previously reported in the condensed consolidated statement of cash flows have been reclassified to conform to the current period presentation. Such reclassifications do not impact previously reported net cash used in operating activities, net cash provided by investing activities, net cash provided by financing activities, or change in cash and cash equivalents. </font></div></div>
CY2014Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
195212000 USD
CY2013Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
CY2014Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
8775000 USD
CY2013Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
7390000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
0 USD
CY2013Q1 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
3117000 USD
CY2013Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1767000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2287000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9377000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6818000 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4197000 USD
CY2014Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7646000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-272761000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-257347000 USD
CY2014Q1 us-gaap Revenue From Grants
RevenueFromGrants
163000 USD
CY2013Q1 us-gaap Revenue From Grants
RevenueFromGrants
165000 USD
CY2013Q1 us-gaap Revenues
Revenues
14535000 USD
CY2014Q1 us-gaap Revenues
Revenues
25724000 USD
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
25449000 USD
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
14254000 USD
CY2013Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0 USD
CY2014Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2648000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1255000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15257000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11146000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3379000 USD
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
49083000 USD
CY2014Q1 us-gaap Short Term Investments
ShortTermInvestments
42123000 USD
CY2014Q1 fldm Business Acquisitionintangibleassetsanddevelopedtechnologydeferredtaxliabilitiesfrom Canadaand Californianetofamortization
BusinessAcquisitionintangibleassetsanddevelopedtechnologydeferredtaxliabilitiesfromCanadaandCalifornianetofamortization
31708000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
96414000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
167431000 USD
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
26900000 shares
CY2013Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
25242000 shares
CY2013Q4 fldm Business Acquisitionintangibleassetsanddevelopedtechnologydeferredtaxliabilitiesfrom Canadaand Californianetofamortization
BusinessAcquisitionintangibleassetsanddevelopedtechnologydeferredtaxliabilitiesfromCanadaandCalifornianetofamortization
0 USD
CY2014Q1 fldm Business Combination Fair Valueof Inventory
BusinessCombinationFairValueofInventory
517000 USD
CY2013Q1 fldm Business Combination Fair Valueof Inventory
BusinessCombinationFairValueofInventory
0 USD
CY2014Q1 fldm Date Of Reincorporation Of Company
DateOfReincorporationOfCompany
2007-07
CY2014Q1 fldm Issuanceof Common Stockand Options Acquisitions
IssuanceofCommonStockandOptionsAcquisitions
78196000 USD
CY2013Q1 fldm Issuanceof Common Stockand Options Acquisitions
IssuanceofCommonStockandOptionsAcquisitions
0 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001162194
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
28060958 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
1999-05-11
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
FLUIDIGM CORP
CY2014Q1 dei Trading Symbol
TradingSymbol
FLDM

Files In Submission

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0001162194-14-000016-index-headers.html Edgar Link pending
0001162194-14-000016-index.html Edgar Link pending
0001162194-14-000016.txt Edgar Link pending
0001162194-14-000016-xbrl.zip Edgar Link pending
ex-102xletteragreementwith.htm Edgar Link pending
ex-103xlicenseagreementwit.htm Edgar Link pending
ex-104xdvssublicenseagreem.htm Edgar Link pending
ex-105xmodificationagreeme.htm Edgar Link pending
ex-311xq12014form10xq.htm Edgar Link pending
ex-312xq12014form10xq.htm Edgar Link pending
ex-321xq12014form10xq.htm Edgar Link pending
ex-322xq12014form10xq.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fldm-20140331.xml Edgar Link completed
fldm-20140331.xsd Edgar Link pending
fldm-20140331_cal.xml Edgar Link unprocessable
fldm-20140331_def.xml Edgar Link unprocessable
fldm-20140331_lab.xml Edgar Link unprocessable
fldm-20140331_pre.xml Edgar Link unprocessable
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