$LQDT
LIQUIDITY SERVICES INC

2012 Q1 Form 10-Q Financial Statement

#000110465912033189 Filed on May 04, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue $125.7M $89.41M
YoY Change 40.61% 17.96%
Cost Of Revenue $55.00M $38.30M
YoY Change 43.6% 14.67%
Gross Profit $70.70M $51.10M
YoY Change 38.36% 20.52%
Gross Profit Margin 56.23% 57.15%
Selling, General & Admin $42.30M $38.20M
YoY Change 10.73% 10.09%
% of Gross Profit 59.83% 74.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.520M $1.400M
YoY Change 151.43% 18.64%
% of Gross Profit 4.98% 2.74%
Operating Expenses $45.90M $39.60M
YoY Change 15.91% 10.61%
Operating Profit $31.85M $11.49M
YoY Change 177.27% 74.06%
Interest Expense -$600.0K -$300.0K
YoY Change 100.0% -400.0%
% of Operating Profit -1.88% -2.61%
Other Income/Expense, Net
YoY Change
Pretax Income $31.27M $11.22M
YoY Change 178.77% 69.95%
Income Tax $12.51M $5.059M
% Of Pretax Income 40.0% 45.1%
Net Earnings $18.76M $5.059M
YoY Change 270.86% 40.53%
Net Earnings / Revenue 14.92% 5.66%
Basic Earnings Per Share $0.61 $0.18
Diluted Earnings Per Share $0.57 $0.18
COMMON SHARES
Basic Shares Outstanding 30.84M shares 27.80M shares
Diluted Shares Outstanding 32.78M shares 28.07M shares

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.8M $96.10M
YoY Change 9.05% 40.29%
Cash & Equivalents $104.8M $83.09M
Short-Term Investments $12.80M
Other Short-Term Assets $15.20M $11.10M
YoY Change 36.94% 8.82%
Inventory $23.64M $19.30M
Prepaid Expenses
Receivables $11.51M $7.000M
Other Receivables $0.00 $0.00
Total Short-Term Assets $155.1M $133.5M
YoY Change 16.2% 33.37%
LONG-TERM ASSETS
Property, Plant & Equipment $7.558M $7.700M
YoY Change -1.84% 10.0%
Goodwill $150.8M
YoY Change
Intangibles $34.06M
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.954M $6.300M
YoY Change -5.49% 103.23%
Total Long-Term Assets $198.3M $56.20M
YoY Change 252.92% 20.34%
TOTAL ASSETS
Total Short-Term Assets $155.1M $133.5M
Total Long-Term Assets $198.3M $56.20M
Total Assets $353.5M $189.7M
YoY Change 86.33% 29.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.59M $32.90M
YoY Change -52.63% 67.86%
Accrued Expenses $26.50M $20.30M
YoY Change 30.54% 4.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.000M
YoY Change
Total Short-Term Liabilities $80.98M $58.10M
YoY Change 39.38% 48.97%
LONG-TERM LIABILITIES
Long-Term Debt $32.00M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $32.00M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.98M $58.10M
Total Long-Term Liabilities $32.00M $0.00
Total Liabilities $115.2M $60.10M
YoY Change 91.74% 43.44%
SHAREHOLDERS EQUITY
Retained Earnings $86.22M
YoY Change
Common Stock $152.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $238.2M $129.6M
YoY Change
Total Liabilities & Shareholders Equity $353.5M $189.7M
YoY Change 86.33% 29.22%

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $18.76M $5.059M
YoY Change 270.86% 40.53%
Depreciation, Depletion And Amortization $3.520M $1.400M
YoY Change 151.43% 18.64%
Cash From Operating Activities $26.38M $9.430M
YoY Change 179.75% -22.7%
INVESTING ACTIVITIES
Capital Expenditures -$910.0K -$980.0K
YoY Change -7.14% -8.41%
Acquisitions
YoY Change
Other Investing Activities $20.22M
YoY Change 74.16%
Cash From Investing Activities -$910.0K $19.24M
YoY Change -104.73% 82.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.39M 5.410M
YoY Change 92.05% -265.95%
NET CHANGE
Cash From Operating Activities 26.38M 9.430M
Cash From Investing Activities -910.0K 19.24M
Cash From Financing Activities 10.39M 5.410M
Net Change In Cash 35.86M 34.08M
YoY Change 5.22% 74.95%
FREE CASH FLOW
Cash From Operating Activities $26.38M $9.430M
Capital Expenditures -$910.0K -$980.0K
Free Cash Flow $27.29M $10.41M
YoY Change 162.15% -21.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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NetCashProvidedByUsedInOperatingActivities
16271000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
16845000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-125000 USD
lqdt Increase Decrease In Customer Payables
IncreaseDecreaseInCustomerPayables
4966000 USD
lqdt Increase Decrease In Profit Sharing Distributions Payable
IncreaseDecreaseInProfitSharingDistributionsPayable
4511000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-3120000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1217000 USD
us-gaap Interest Paid
InterestPaid
40000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-409000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2029000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2782000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
97000 USD
us-gaap Inventory Write Down
InventoryWriteDown
-45000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4528000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2647000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2445000 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
129089000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
13186000 USD

Files In Submission

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0001104659-12-033189.txt Edgar Link pending
0001104659-12-033189-xbrl.zip Edgar Link pending
a12-7107_110q.htm Edgar Link pending
a12-7107_1ex31d1.htm Edgar Link pending
a12-7107_1ex31d2.htm Edgar Link pending
a12-7107_1ex32d1.htm Edgar Link pending
a12-7107_1ex32d2.htm Edgar Link pending
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Financial_Report.xls Edgar Link pending
lqdt-20120331.xml Edgar Link completed
lqdt-20120331.xsd Edgar Link pending
lqdt-20120331_cal.xml Edgar Link unprocessable
lqdt-20120331_def.xml Edgar Link unprocessable
lqdt-20120331_lab.xml Edgar Link unprocessable
lqdt-20120331_pre.xml Edgar Link unprocessable
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