$LCUT
LIFETIME BRANDS, INC

2015 Q2 Form 10-Q Financial Statement

#000119312515283316 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $120.9M $115.3M
YoY Change 4.87% 18.92%
Cost Of Revenue $77.42M $74.47M
YoY Change 3.97% 22.85%
Gross Profit $43.51M $40.85M
YoY Change 6.51% 12.37%
Gross Profit Margin 35.98% 35.42%
Selling, General & Admin $31.95M $31.42M
YoY Change 1.68% 21.2%
% of Gross Profit 73.43% 76.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.630M $3.720M
YoY Change -2.42% 39.33%
% of Gross Profit 8.34% 9.11%
Operating Expenses $31.95M $31.42M
YoY Change 1.68% 21.2%
Operating Profit -$987.0K -$3.157M
YoY Change -68.74% -26408.33%
Interest Expense $1.459M $1.672M
YoY Change -12.74% 45.52%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.446M -$4.829M
YoY Change -49.35% 324.71%
Income Tax -$717.0K -$1.586M
% Of Pretax Income
Net Earnings -$1.727M -$3.202M
YoY Change -46.06% 463.73%
Net Earnings / Revenue -1.43% -2.78%
Basic Earnings Per Share -$0.12 -$0.24
Diluted Earnings Per Share -$0.12 -$0.24
COMMON SHARES
Basic Shares Outstanding 13.85M shares 13.48M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.000M $5.200M
YoY Change -3.85% 333.33%
Cash & Equivalents $4.956M $5.229M
Short-Term Investments
Other Short-Term Assets $12.90M $15.40M
YoY Change -16.23% 27.27%
Inventory $154.2M $153.2M
Prepaid Expenses
Receivables $77.53M $70.06M
Other Receivables $0.00 $0.00
Total Short-Term Assets $249.6M $243.9M
YoY Change 2.35% 33.09%
LONG-TERM ASSETS
Property, Plant & Equipment $26.00M $27.13M
YoY Change -4.16% -8.94%
Goodwill $18.10M $18.52M
YoY Change -2.24% 264.11%
Intangibles
YoY Change
Long-Term Investments $26.70M $37.40M
YoY Change -28.61% -13.43%
Other Assets $2.947M $3.315M
YoY Change -11.1% 13.02%
Total Long-Term Assets $155.7M $178.6M
YoY Change -12.82% 34.87%
TOTAL ASSETS
Total Short-Term Assets $249.6M $243.9M
Total Long-Term Assets $155.7M $178.6M
Total Assets $405.4M $422.5M
YoY Change -4.06% 33.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.69M $27.82M
YoY Change 17.5% 13.43%
Accrued Expenses $31.17M $27.81M
YoY Change 12.1% 7.6%
Deferred Revenue
YoY Change
Short-Term Debt $100.0K $900.0K
YoY Change -88.89%
Long-Term Debt Due $20.00M $10.00M
YoY Change 100.0% 4.17%
Total Short-Term Liabilities $87.20M $66.83M
YoY Change 30.47% 11.39%
LONG-TERM LIABILITIES
Long-Term Debt $111.3M $137.5M
YoY Change -19.05% 115.52%
Other Long-Term Liabilities $19.81M $20.83M
YoY Change -4.87% 7.54%
Total Long-Term Liabilities $19.81M $20.83M
YoY Change -4.87% 7.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.20M $66.83M
Total Long-Term Liabilities $19.81M $20.83M
Total Liabilities $107.0M $87.66M
YoY Change 22.08% 10.45%
SHAREHOLDERS EQUITY
Retained Earnings $32.83M $31.06M
YoY Change 5.69% 8.51%
Common Stock $140.0K $136.0K
YoY Change 2.94% 7.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $185.6M $186.7M
YoY Change
Total Liabilities & Shareholders Equity $405.4M $422.5M
YoY Change -4.06% 33.84%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$1.727M -$3.202M
YoY Change -46.06% 463.73%
Depreciation, Depletion And Amortization $3.630M $3.720M
YoY Change -2.42% 39.33%
Cash From Operating Activities $380.0K -$8.330M
YoY Change -104.56% -455.98%
INVESTING ACTIVITIES
Capital Expenditures -$1.470M -$1.620M
YoY Change -9.26% 102.5%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.750M
YoY Change -100.0%
Cash From Investing Activities -$1.470M -$3.380M
YoY Change -56.51% 322.5%
FINANCING ACTIVITIES
Cash Dividend Paid $520.0K $506.0K
YoY Change 2.77% 26.18%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.900M 13.44M
YoY Change -78.42% -522.64%
NET CHANGE
Cash From Operating Activities 380.0K -8.330M
Cash From Investing Activities -1.470M -3.380M
Cash From Financing Activities 2.900M 13.44M
Net Change In Cash 1.810M 1.730M
YoY Change 4.62% -205.49%
FREE CASH FLOW
Cash From Operating Activities $380.0K -$8.330M
Capital Expenditures -$1.470M -$1.620M
Free Cash Flow $1.850M -$6.710M
YoY Change -127.57% -313.69%

Facts In Submission

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us-gaap Income Tax Examination Description
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5000
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