2016 Q4 Form 10-Q Financial Statement

#000072199416000084 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $36.31M $35.08M $30.97M
YoY Change 13.28% 4.1%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.100M $1.100M $900.0K
YoY Change 10.0% 22.22% 12.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.400M $5.360M $4.255M
YoY Change 29.59% 25.97% 12.57%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $20.10M $19.98M $17.41M
YoY Change 10.68% 14.79% 1.34%
Income Tax $6.582M $6.498M $5.841M
% Of Pretax Income 32.75% 32.52% 33.56%
Net Earnings $13.52M $13.48M $11.57M
YoY Change 10.06% 16.56% 0.47%
Net Earnings / Revenue 37.24% 38.43% 37.35%
Basic Earnings Per Share $0.54 $0.54 $0.46
Diluted Earnings Per Share $0.53 $0.53 $0.46
COMMON SHARES
Basic Shares Outstanding 25.08M shares 25.06M shares 16.63M shares
Diluted Shares Outstanding 16.85M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $167.3M $278.4M $98.07M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $52.10M $52.20M $44.00M
YoY Change 11.56% 18.64% 8.64%
Goodwill $4.970M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $5.100M
YoY Change 50.0%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.290B $4.197B $3.666B
YoY Change 13.91% 14.48% 9.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.700M $5.100M $3.700M
YoY Change 50.0% 37.84% 37.04%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $230.0M $60.20M $80.40M
YoY Change 64.76% -25.12% 17.2%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.700M $5.100M $3.700M
YoY Change 50.0% 37.84% 37.04%
LONG-TERM LIABILITIES
Long-Term Debt $30.90M $30.90M $30.90M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $18.40M $21.70M $16.90M
YoY Change 17.95% 28.4% 40.83%
Total Long-Term Liabilities $49.30M $52.60M $47.80M
YoY Change 6.02% 10.04% 11.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.700M $5.100M $3.700M
Total Long-Term Liabilities $49.30M $52.60M $47.80M
Total Liabilities $3.863B $3.770B $3.280B
YoY Change 14.51% 14.95% 9.17%
SHAREHOLDERS EQUITY
Retained Earnings $327.9M
YoY Change 11.52%
Common Stock $104.4M
YoY Change 5.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.913M
YoY Change 18.66%
Treasury Stock Shares 158.2K shares 157.4K shares 95.11K shares
Shareholders Equity $427.0M $427.3M $386.6M
YoY Change
Total Liabilities & Shareholders Equity $4.290B $4.197B $3.666B
YoY Change 13.91% 14.48% 9.25%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $13.52M $13.48M $11.57M
YoY Change 10.06% 16.56% 0.47%
Depreciation, Depletion And Amortization $1.100M $1.100M $900.0K
YoY Change 10.0% 22.22% 12.5%
Cash From Operating Activities $12.70M $14.70M $16.70M
YoY Change 0.0% -11.98% 20.14%
INVESTING ACTIVITIES
Capital Expenditures -$1.200M -$4.100M -$2.300M
YoY Change -66.67% 78.26% 53.33%
Acquisitions
YoY Change
Other Investing Activities -$213.9M -$89.00M -$82.90M
YoY Change 81.89% 7.36% 214.02%
Cash From Investing Activities -$215.1M -$93.10M -$85.20M
YoY Change 77.48% 9.27% 205.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 91.40M 247.9M 77.10M
YoY Change 0.22% 221.53% -201.45%
NET CHANGE
Cash From Operating Activities 12.70M 14.70M 16.70M
Cash From Investing Activities -215.1M -93.10M -85.20M
Cash From Financing Activities 91.40M 247.9M 77.10M
Net Change In Cash -111.0M 169.5M 8.600M
YoY Change 541.62% 1870.93% -109.56%
FREE CASH FLOW
Cash From Operating Activities $12.70M $14.70M $16.70M
Capital Expenditures -$1.200M -$4.100M -$2.300M
Free Cash Flow $13.90M $18.80M $19.00M
YoY Change -14.72% -1.05% 23.38%

Facts In Submission

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dei Document Type
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10-Q
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dei Document Period End Date
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2016-09-30
dei Document Fiscal Year Focus
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2016
dei Document Fiscal Period Focus
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Q3
dei Entity Registrant Name
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LAKELAND FINANCIAL CORP
dei Entity Central Index Key
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0000721994
dei Current Fiscal Year End Date
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--12-31
dei Entity Filer Category
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dei Trading Symbol
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LKFN
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us-gaap Reclassifications
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold" align="left">NOTE 12. RECLASSIFICATIONS</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> <br/> </div> <div style="CLEAR:both;TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" align="left">Certain amounts appearing in the financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassification had no effect on net income or stockholders' equity as previously reported.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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229 USD

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