$LCUT
LIFETIME BRANDS, INC

2015 Q4 Form 10-Q Financial Statement

#000119312515370120 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015 Q2
Revenue $185.9M $163.2M $120.9M
YoY Change -2.16% 0.59% 4.87%
Cost Of Revenue $116.9M $106.2M $77.42M
YoY Change -2.83% 1.85% 3.97%
Gross Profit $69.00M $56.95M $43.51M
YoY Change -1.15% -1.68% 6.51%
Gross Profit Margin 37.12% 34.9% 35.98%
Selling, General & Admin $51.00M $33.84M $31.95M
YoY Change -0.97% 3.02% 1.68%
% of Gross Profit 73.91% 59.42% 73.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.500M $3.510M $3.630M
YoY Change -1.96% 6.36% -2.42%
% of Gross Profit 5.07% 6.16% 8.34%
Operating Expenses $51.00M $33.84M $31.95M
YoY Change -0.97% 3.02% 1.68%
Operating Profit $18.00M $9.762M -$987.0K
YoY Change -1.64% 15.83% -68.74%
Interest Expense -$1.400M $1.454M $1.459M
YoY Change -41.67% -14.37% -12.74%
% of Operating Profit -7.78% 14.89%
Other Income/Expense, Net
YoY Change
Pretax Income $16.20M $8.308M -$2.446M
YoY Change 1.89% 23.45% -49.35%
Income Tax $6.000M $2.745M -$717.0K
% Of Pretax Income 37.04% 33.04%
Net Earnings $11.00M $5.104M -$1.727M
YoY Change 18.28% -421.82% -46.06%
Net Earnings / Revenue 5.92% 3.13% -1.43%
Basic Earnings Per Share $0.37 -$0.12
Diluted Earnings Per Share $769.2K $0.36 -$0.12
COMMON SHARES
Basic Shares Outstanding 14.03M shares 13.91M shares 13.85M shares
Diluted Shares Outstanding 14.31M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.100M $6.300M $5.000M
YoY Change 39.22% 26.0% -3.85%
Cash & Equivalents $7.131M $6.279M $4.956M
Short-Term Investments
Other Short-Term Assets $8.800M $9.900M $12.90M
YoY Change 11.39% -23.26% -16.23%
Inventory $136.9M $173.6M $154.2M
Prepaid Expenses
Receivables $90.58M $109.2M $77.53M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $243.4M $299.0M $249.6M
YoY Change -5.71% 3.09% 2.35%
LONG-TERM ASSETS
Property, Plant & Equipment $24.88M $25.50M $26.00M
YoY Change -7.18% -5.39% -4.16%
Goodwill $18.10M $18.10M $18.10M
YoY Change 0.0% -2.24% -2.24%
Intangibles $78.49M
YoY Change -8.19%
Long-Term Investments $25.00M $24.40M $26.70M
YoY Change -11.35% -21.04% -28.61%
Other Assets $2.022M $2.792M $2.947M
YoY Change -57.27% -11.76% -11.1%
Total Long-Term Assets $155.0M $151.0M $155.7M
YoY Change -5.1% -9.39% -12.82%
TOTAL ASSETS
Total Short-Term Assets $243.4M $299.0M $249.6M
Total Long-Term Assets $155.0M $151.0M $155.7M
Total Assets $398.3M $450.0M $405.4M
YoY Change -5.47% -1.47% -4.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.25M $35.66M $32.69M
YoY Change -5.05% -16.68% 17.5%
Accrued Expenses $40.15M $45.92M $31.17M
YoY Change 8.64% 24.61% 12.1%
Deferred Revenue
YoY Change
Short-Term Debt $300.0K $0.00 $100.0K
YoY Change -62.5% -100.0% -88.89%
Long-Term Debt Due $19.60M $20.00M $20.00M
YoY Change 96.0% 100.0% 100.0%
Total Short-Term Liabilities $91.36M $103.7M $87.20M
YoY Change 8.93% 13.96% 30.47%
LONG-TERM LIABILITIES
Long-Term Debt $80.40M $136.3M $111.3M
YoY Change -37.04% -9.5% -19.05%
Other Long-Term Liabilities $18.56M $20.09M $19.81M
YoY Change -7.96% -7.97% -4.87%
Total Long-Term Liabilities $18.56M $20.09M $19.81M
YoY Change -7.96% -7.97% -4.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.36M $103.7M $87.20M
Total Long-Term Liabilities $18.56M $20.09M $19.81M
Total Liabilities $109.9M $123.7M $107.0M
YoY Change 5.66% 9.72% 22.08%
SHAREHOLDERS EQUITY
Retained Earnings $47.73M $37.33M $32.83M
YoY Change 26.6% 28.91% 5.69%
Common Stock $140.0K $140.0K $140.0K
YoY Change 2.19% 1.45% 2.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $199.5M $188.0M $185.6M
YoY Change
Total Liabilities & Shareholders Equity $398.3M $450.0M $405.4M
YoY Change -5.47% -1.47% -4.06%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015 Q2
OPERATING ACTIVITIES
Net Income $11.00M $5.104M -$1.727M
YoY Change 18.28% -421.82% -46.06%
Depreciation, Depletion And Amortization $3.500M $3.510M $3.630M
YoY Change -1.96% 6.36% -2.42%
Cash From Operating Activities $57.94M -$22.05M $380.0K
YoY Change 122.42% 56.83% -104.56%
INVESTING ACTIVITIES
Capital Expenditures -$980.0K -$1.310M -$1.470M
YoY Change -44.32% -19.63% -9.26%
Acquisitions
YoY Change
Other Investing Activities $140.0K $0.00 $0.00
YoY Change -116.09% -100.0% -100.0%
Cash From Investing Activities -$840.0K -$1.310M -$1.470M
YoY Change -68.06% -1971.43% -56.51%
FINANCING ACTIVITIES
Cash Dividend Paid $523.0K $520.0K
YoY Change 2.55% 2.77%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.52M 24.87M 2.900M
YoY Change 141.54% 79.31% -78.42%
NET CHANGE
Cash From Operating Activities 57.94M -22.05M 380.0K
Cash From Investing Activities -840.0K -1.310M -1.470M
Cash From Financing Activities -56.52M 24.87M 2.900M
Net Change In Cash 580.0K 1.510M 1.810M
YoY Change 2800.0% -1358.33% 4.62%
FREE CASH FLOW
Cash From Operating Activities $57.94M -$22.05M $380.0K
Capital Expenditures -$980.0K -$1.310M -$1.470M
Free Cash Flow $58.92M -$20.74M $1.850M
YoY Change 111.87% 66.85% -127.57%

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