2016 Q2 Form 10-Q Financial Statement

#000120677416006121 Filed on June 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q3
Revenue $4.675M $4.608M $4.820M
YoY Change -1.36% -2.05% 8.31%
Cost Of Revenue $2.510M $2.570M $2.270M
YoY Change -3.09% 4.05% -10.63%
Gross Profit $2.170M $2.040M $2.550M
YoY Change 0.93% -8.52% 33.51%
Gross Profit Margin 46.42% 44.27% 52.9%
Selling, General & Admin $1.030M $1.260M $1.300M
YoY Change 11.96% 10.53% 14.04%
% of Gross Profit 47.47% 61.76% 50.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $410.0K $400.0K $410.0K
YoY Change 0.0% -9.09% -8.89%
% of Gross Profit 18.89% 19.61% 16.08%
Operating Expenses $3.955M $4.243M $1.710M
YoY Change 0.44% 4.66% 7.55%
Operating Profit $720.5K $364.7K $840.0K
YoY Change -10.16% -43.89% 162.5%
Interest Expense $34.72K $58.87K -$40.00K
YoY Change -46.2% -36.25% -60.0%
% of Operating Profit 4.82% 16.14% -4.76%
Other Income/Expense, Net
YoY Change
Pretax Income $695.4K $305.7K $800.0K
YoY Change -7.4% -47.64% 247.83%
Income Tax $244.0K $83.00K -$220.0K
% Of Pretax Income 35.09% 27.15% -27.5%
Net Earnings $451.4K $222.7K $1.020M
YoY Change 6.97% -32.28% 628.57%
Net Earnings / Revenue 9.66% 4.83% 21.16%
Basic Earnings Per Share $0.22 $0.11
Diluted Earnings Per Share $222.8K $108.9K $505.0K
COMMON SHARES
Basic Shares Outstanding 2.016M shares 2.016M shares 2.016M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.800M $4.500M $5.547M
YoY Change 33.33% 60.71% 70.84%
Cash & Equivalents $4.800M $4.500M $4.086M
Short-Term Investments $1.462M
Other Short-Term Assets $900.0K $1.500M $1.500M
YoY Change 12.5% 7.14% 7.14%
Inventory
Prepaid Expenses $1.478M
Receivables $200.0K $700.0K $600.0K
Other Receivables $500.0K $600.0K
Total Short-Term Assets $6.400M $7.300M $10.51M
YoY Change -14.25% 19.67% 59.32%
LONG-TERM ASSETS
Property, Plant & Equipment $49.20M $48.60M $48.19M
YoY Change 3.49% 2.43% 1.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.500M $1.300M $1.500M
YoY Change 0.0% -7.14% 7.14%
Other Assets $5.600M $5.600M $5.800M
YoY Change 80.65% 64.71% 75.76%
Total Long-Term Assets $60.00M $59.20M $55.92M
YoY Change 9.29% 5.16% 2.47%
TOTAL ASSETS
Total Short-Term Assets $6.400M $7.300M $10.51M
Total Long-Term Assets $60.00M $59.20M $55.92M
Total Assets $66.40M $66.50M $66.44M
YoY Change 6.47% 6.57% 8.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K $100.2K $39.76K
YoY Change 26.81% 6.69% -72.44%
Accrued Expenses $2.100M $2.700M $2.597M
YoY Change 0.0% 12.5% 19.44%
Deferred Revenue
YoY Change
Short-Term Debt $1.000M $1.000M $0.00
YoY Change
Long-Term Debt Due $200.0K $153.5K $150.8K
YoY Change 33.85% 10.3% -37.18%
Total Short-Term Liabilities $4.600M $5.082M $4.043M
YoY Change 32.14% 34.19% 8.04%
LONG-TERM LIABILITIES
Long-Term Debt $5.700M $6.875M $8.622M
YoY Change -36.0% -25.57% -5.3%
Other Long-Term Liabilities $900.0K $1.000M $1.700M
YoY Change -57.14% -58.33% -41.38%
Total Long-Term Liabilities $6.600M $6.875M $8.622M
YoY Change -25.9% -25.57% -5.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.600M $5.082M $4.043M
Total Long-Term Liabilities $6.600M $6.875M $8.622M
Total Liabilities $19.00M $19.54M $20.05M
YoY Change 11.64% 11.73% 17.49%
SHAREHOLDERS EQUITY
Retained Earnings $42.58M $41.95M
YoY Change 5.1% 5.56%
Common Stock $5.525M $5.525M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.288M $1.288M
YoY Change 0.0% 0.0%
Treasury Stock Shares 162.5K shares 162.5K shares 162.5K shares
Shareholders Equity $47.40M $46.96M $46.38M
YoY Change
Total Liabilities & Shareholders Equity $66.40M $66.50M $66.44M
YoY Change 6.47% 6.57% 8.6%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q3
OPERATING ACTIVITIES
Net Income $451.4K $222.7K $1.020M
YoY Change 6.97% -32.28% 628.57%
Depreciation, Depletion And Amortization $410.0K $400.0K $410.0K
YoY Change 0.0% -9.09% -8.89%
Cash From Operating Activities $1.520M $320.0K $1.620M
YoY Change 17.83% -740.0% -10.5%
INVESTING ACTIVITIES
Capital Expenditures -$990.0K -$440.0K -$1.060M
YoY Change 86.79% -6.38% -17.83%
Acquisitions
YoY Change
Other Investing Activities -$310.0K $260.0K -$10.00K
YoY Change 3000.0% 2500.0% -200.0%
Cash From Investing Activities -$1.310M -$170.0K -$1.070M
YoY Change 142.59% -62.22% -16.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 80.00K -120.0K -30.00K
YoY Change -500.0% -118.75% -50.0%
NET CHANGE
Cash From Operating Activities 1.520M 320.0K 1.620M
Cash From Investing Activities -1.310M -170.0K -1.070M
Cash From Financing Activities 80.00K -120.0K -30.00K
Net Change In Cash 290.0K 30.00K 520.0K
YoY Change -60.27% -78.57% 10.64%
FREE CASH FLOW
Cash From Operating Activities $1.520M $320.0K $1.620M
Capital Expenditures -$990.0K -$440.0K -$1.060M
Free Cash Flow $2.510M $760.0K $2.680M
YoY Change 37.91% 80.95% -13.55%

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CY2016Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
283743 USD
CY2016Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1951 USD
CY2015Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
1164472 USD
CY2015Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
299752 USD
CY2015Q3 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2720 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-36999 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
6455 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
5450 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
2147 USD
us-gaap Investment Income Dividend
InvestmentIncomeDividend
48344 USD
us-gaap Investment Income Dividend
InvestmentIncomeDividend
37467 USD
us-gaap Investment Income Net
InvestmentIncomeNet
16795 USD
us-gaap Investment Income Net
InvestmentIncomeNet
46069 USD
CY2016Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
1539 USD
CY2015Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
6069 USD
CY2016Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
3785 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
860 USD
CY2016Q2 us-gaap Investment Income Dividend
InvestmentIncomeDividend
4329 USD
CY2015Q2 us-gaap Investment Income Dividend
InvestmentIncomeDividend
6596 USD
CY2016Q2 us-gaap Investment Income Net
InvestmentIncomeNet
9653 USD
CY2015Q2 us-gaap Investment Income Net
InvestmentIncomeNet
13525 USD
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
2015780 shares
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
281306 USD
mays Concentration Risk Number Of Tenants
ConcentrationRiskNumberOfTenants
49 tenant
CY2015 us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
230000 USD
us-gaap Concentration Risk Credit Risk Financial Instrument Maximum Exposure
ConcentrationRiskCreditRiskFinancialInstrumentMaximumExposure
230000 USD
CY2015Q2 us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
10853 USD
CY2016Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1648748 USD
CY2015Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
639042 USD
CY2016Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
96653 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
292371 USD
CY2016Q2 us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
11428 USD
us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
41020 USD
CY2015Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
70811 USD
us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
34761 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
49084 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
6367 USD
us-gaap Interest Paid Net
InterestPaidNet
159082 USD
us-gaap Interest Paid Net
InterestPaidNet
280522 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
87804 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
387163 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
142579 USD
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
158751 USD
CY2014Q3 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
129412 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
66213 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
31369 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-15241 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
83708 USD
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
176120 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
500 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-27648 USD
CY2016Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
215529 USD
CY2016Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1951 USD
CY2015Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
271076 USD
CY2015Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2720 USD
dei Entity Registrant Name
EntityRegistrantName
MAYS J W INC
dei Entity Central Index Key
EntityCentralIndexKey
0000054187
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2016-04-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--07-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Trading Symbol
TradingSymbol
MAYS
CY2016Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
500 USD
CY2015Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-27648 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-27648 USD

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