$LCUT
LIFETIME BRANDS, INC

2014 Q4 Form 10-Q Financial Statement

#000119312514406298 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $190.0M $162.2M $115.3M
YoY Change 15.22% 14.07% 18.92%
Cost Of Revenue $120.3M $104.3M $74.47M
YoY Change 18.52% 14.7% 22.85%
Gross Profit $69.80M $57.92M $40.85M
YoY Change 10.27% 12.96% 12.37%
Gross Profit Margin 36.74% 35.7% 35.42%
Selling, General & Admin $51.50M $32.85M $31.42M
YoY Change 10.28% 13.5% 21.2%
% of Gross Profit 73.78% 56.71% 76.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.570M $3.300M $3.720M
YoY Change 31.73% 30.95% 39.33%
% of Gross Profit 5.11% 5.7% 9.11%
Operating Expenses $51.50M $32.85M $31.42M
YoY Change 10.04% 13.5% 21.2%
Operating Profit $18.30M $8.428M -$3.157M
YoY Change 10.91% -27.92% -26408.33%
Interest Expense -$2.400M $1.698M $1.672M
YoY Change 84.62% 32.66% 45.52%
% of Operating Profit -13.11% 20.15%
Other Income/Expense, Net
YoY Change
Pretax Income $15.90M $6.730M -$4.829M
YoY Change 4.61% -35.37% 324.71%
Income Tax $5.500M $3.123M -$1.586M
% Of Pretax Income 34.59% 46.4%
Net Earnings $9.300M -$1.586M -$3.202M
YoY Change -1.06% -245.11% 463.73%
Net Earnings / Revenue 4.89% -0.98% -2.78%
Basic Earnings Per Share -$0.12 -$0.24
Diluted Earnings Per Share $600.0K -$0.12 -$0.24
COMMON SHARES
Basic Shares Outstanding 13.68M shares 13.62M shares 13.48M shares
Diluted Shares Outstanding 13.62M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.100M $5.000M $5.200M
YoY Change 4.08% 92.31% 333.33%
Cash & Equivalents $5.068M $4.977M $5.229M
Short-Term Investments
Other Short-Term Assets $7.900M $12.90M $15.40M
YoY Change -18.56% 22.86% 27.27%
Inventory $137.9M $170.3M $153.2M
Prepaid Expenses
Receivables $107.2M $101.8M $70.06M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $258.1M $290.0M $243.9M
YoY Change 20.24% 21.18% 33.09%
LONG-TERM ASSETS
Property, Plant & Equipment $26.80M $26.95M $27.13M
YoY Change -3.24% -5.99% -8.94%
Goodwill $18.10M $18.52M $18.52M
YoY Change 0.0% 264.11% 264.11%
Intangibles $85.50M
YoY Change 70.77%
Long-Term Investments $28.20M $30.90M $37.40M
YoY Change -23.58% -14.64% -13.43%
Other Assets $4.732M $3.164M $3.315M
YoY Change 108.64% 23.74% 13.02%
Total Long-Term Assets $163.3M $166.7M $178.6M
YoY Change 33.77% 35.25% 34.87%
TOTAL ASSETS
Total Short-Term Assets $258.1M $290.0M $243.9M
Total Long-Term Assets $163.3M $166.7M $178.6M
Total Assets $421.4M $456.7M $422.5M
YoY Change 25.14% 25.96% 33.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.69M $42.80M $27.82M
YoY Change 33.92% 26.0% 13.43%
Accrued Expenses $36.96M $36.85M $27.81M
YoY Change -10.06% -6.94% 7.6%
Deferred Revenue
YoY Change
Short-Term Debt $800.0K $1.000M $900.0K
YoY Change
Long-Term Debt Due $10.00M $10.00M $10.00M
YoY Change 156.41% -4.76% 4.17%
Total Short-Term Liabilities $83.87M $90.95M $66.83M
YoY Change 20.69% 8.19% 11.39%
LONG-TERM LIABILITIES
Long-Term Debt $127.7M $150.6M $137.5M
YoY Change 93.78% 74.91% 115.52%
Other Long-Term Liabilities $20.16M $21.83M $20.83M
YoY Change 8.13% 13.72% 7.54%
Total Long-Term Liabilities $20.16M $21.83M $20.83M
YoY Change 8.13% 13.72% 7.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $83.87M $90.95M $66.83M
Total Long-Term Liabilities $20.16M $21.83M $20.83M
Total Liabilities $104.0M $112.8M $87.66M
YoY Change 18.03% 9.22% 10.45%
SHAREHOLDERS EQUITY
Retained Earnings $37.70M $28.96M $31.06M
YoY Change -1.36% -1.22% 8.51%
Common Stock $137.0K $138.0K $136.0K
YoY Change 7.03% 8.66% 7.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $188.2M $182.8M $186.7M
YoY Change
Total Liabilities & Shareholders Equity $421.4M $456.7M $422.5M
YoY Change 25.14% 25.96% 33.84%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $9.300M -$1.586M -$3.202M
YoY Change -1.06% -245.11% 463.73%
Depreciation, Depletion And Amortization $3.570M $3.300M $3.720M
YoY Change 31.73% 30.95% 39.33%
Cash From Operating Activities $26.05M -$14.06M -$8.330M
YoY Change -12.96% -34.51% -455.98%
INVESTING ACTIVITIES
Capital Expenditures -$1.760M -$1.630M -$1.620M
YoY Change 64.49% 108.97% 102.5%
Acquisitions
YoY Change
Other Investing Activities -$870.0K $1.700M -$1.750M
YoY Change 16900.0%
Cash From Investing Activities -$2.630M $70.00K -$3.380M
YoY Change 148.11% -108.97% 322.5%
FINANCING ACTIVITIES
Cash Dividend Paid $510.0K $506.0K
YoY Change 28.46% 26.18%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.40M 13.87M 13.44M
YoY Change -10.89% -39.85% -522.64%
NET CHANGE
Cash From Operating Activities 26.05M -14.06M -8.330M
Cash From Investing Activities -2.630M 70.00K -3.380M
Cash From Financing Activities -23.40M 13.87M 13.44M
Net Change In Cash 20.00K -120.0K 1.730M
YoY Change -99.23% -114.81% -205.49%
FREE CASH FLOW
Cash From Operating Activities $26.05M -$14.06M -$8.330M
Capital Expenditures -$1.760M -$1.630M -$1.620M
Free Cash Flow $27.81M -$12.43M -$6.710M
YoY Change -10.29% -39.92% -313.69%

Facts In Submission

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