$MLAB
MESA LABORATORIES INC /CO/

2012 Form 10-K Financial Statement

#000110465912046862 Filed on June 29, 2012

View on sec.gov

Income Statement

Concept 2012 2011 Q1 2011
Revenue $39.62M $9.970M $34.23M
YoY Change 15.74% 60.03% 56.29%
Cost Of Revenue $16.11M $3.770M $14.66M
YoY Change 9.86% 43.35% 68.49%
Gross Profit $23.51M $6.195M $19.57M
YoY Change 20.15% 72.08% 48.24%
Gross Profit Margin 59.35% 62.14% 57.17%
Selling, General & Admin $9.325M $2.390M $8.263M
YoY Change 12.85% 62.59% 58.9%
% of Gross Profit 39.66% 38.58% 42.23%
Research & Development $1.359M $480.0K $1.441M
YoY Change -5.69% 200.0% 105.86%
% of Gross Profit 5.78% 7.75% 7.36%
Depreciation & Amortization $2.215M $540.0K $1.844M
YoY Change 20.12% 116.0% 133.42%
% of Gross Profit 9.42% 8.72% 9.42%
Operating Expenses $11.03M $2.870M $9.704M
YoY Change 13.71% 76.07% 64.47%
Operating Profit $12.48M $3.325M $9.864M
YoY Change 26.49% 68.78% 35.12%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$100.0K -$30.00K -$113.0K
YoY Change -11.5% -400.0%
Pretax Income $12.33M $3.290M $9.751M
YoY Change 26.46% 66.16% 31.77%
Income Tax $4.412M $1.120M $3.568M
% Of Pretax Income 35.78% 34.04% 36.59%
Net Earnings $7.900M $2.180M $6.200M
YoY Change 27.42% 61.48% 29.17%
Net Earnings / Revenue 19.94% 21.87% 18.11%
Basic Earnings Per Share $2.41 $0.67 $1.91
Diluted Earnings Per Share $2.29 $0.64 $1.86
COMMON SHARES
Basic Shares Outstanding 3.285M shares 3.231M shares
Diluted Shares Outstanding 3.462M shares 3.330M shares

Balance Sheet

Concept 2012 2011 Q1 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.200M $3.500M $3.500M
YoY Change 105.71% -66.67% -66.67%
Cash & Equivalents $7.200M $3.546M $3.500M
Short-Term Investments
Other Short-Term Assets $1.000M $1.000M $1.000M
YoY Change 0.0% 25.0% 25.0%
Inventory $4.400M $5.714M $5.700M
Prepaid Expenses
Receivables $6.500M $7.017M $7.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.20M $17.32M $17.30M
YoY Change 10.98% -15.52% -15.61%
LONG-TERM ASSETS
Property, Plant & Equipment $7.300M $7.308M $7.300M
YoY Change 0.0% 74.0% 73.81%
Goodwill $14.45M
YoY Change
Intangibles $11.48M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $31.50M $33.24M $33.30M
YoY Change -5.41% 153.76% 154.2%
TOTAL ASSETS
Total Short-Term Assets $19.20M $17.32M $17.30M
Total Long-Term Assets $31.50M $33.24M $33.30M
Total Assets $50.70M $50.56M $50.60M
YoY Change 0.2% 50.48% 50.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $600.0K $723.0K $1.300M
YoY Change -53.85% 20.5% 116.67%
Accrued Expenses $2.600M $376.0K $2.700M
YoY Change -3.7% -68.67% 125.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $5.000M
YoY Change
Total Short-Term Liabilities $4.300M $9.931M $9.900M
YoY Change -56.57% 422.68% 421.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.500M $1.500M
YoY Change -100.0%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $1.500M $1.500M
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.300M $9.931M $9.900M
Total Long-Term Liabilities $0.00 $1.500M $1.500M
Total Liabilities $6.800M $14.14M $14.10M
YoY Change -51.77% 489.29% 487.5%
SHAREHOLDERS EQUITY
Retained Earnings $31.35M
YoY Change
Common Stock $5.505M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $43.90M $36.42M $36.40M
YoY Change
Total Liabilities & Shareholders Equity $50.70M $50.56M $50.60M
YoY Change 0.2% 50.48% 50.6%

Cashflow Statement

Concept 2012 2011 Q1 2011
OPERATING ACTIVITIES
Net Income $7.900M $2.180M $6.200M
YoY Change 27.42% 61.48% 29.17%
Depreciation, Depletion And Amortization $2.215M $540.0K $1.844M
YoY Change 20.12% 116.0% 133.42%
Cash From Operating Activities $12.49M $1.840M $8.870M
YoY Change 40.81% 67.27% 48.33%
INVESTING ACTIVITIES
Capital Expenditures -$680.0K -$70.00K -$2.650M
YoY Change -74.34% -30.0% 349.15%
Acquisitions $737.0K $17.97M
YoY Change -95.9%
Other Investing Activities -$740.0K $0.00 -$17.97M
YoY Change -95.88% -100.0% 596.51%
Cash From Investing Activities -$1.420M -$70.00K -$20.62M
YoY Change -93.11% -74.07% 552.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $92.00K $105.0K
YoY Change -12.38% -138.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.420M -350.0K 4.830M
YoY Change -253.62% 20.69% -430.82%
NET CHANGE
Cash From Operating Activities 12.49M 1.840M 8.870M
Cash From Investing Activities -1.420M -70.00K -20.62M
Cash From Financing Activities -7.420M -350.0K 4.830M
Net Change In Cash 3.650M 1.420M -6.920M
YoY Change -152.75% 162.96% -608.82%
FREE CASH FLOW
Cash From Operating Activities $12.49M $1.840M $8.870M
Capital Expenditures -$680.0K -$70.00K -$2.650M
Free Cash Flow $13.17M $1.910M $11.52M
YoY Change 14.32% 59.17% 75.34%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
8000000 shares
CY2012Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
4825000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
105000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
196000 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1488000 USD
CY2011 us-gaap Repayments Of Debt
RepaymentsOfDebt
778000 USD
CY2011 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
7000000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-20618000 USD
CY2011 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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CY2011 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1000 USD
CY2011 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-180000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
72000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
931000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
383000 USD
CY2011 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
414000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1844000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6183000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-7424000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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CY2012Q1 us-gaap Liabilities
Liabilities
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CY2012Q1 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2012Q1 us-gaap Assets
Assets
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CY2012Q1 us-gaap Assets Current
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CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2011Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9751000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2011 us-gaap Operating Expenses
OperatingExpenses
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CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2011 us-gaap Gross Profit
GrossProfit
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CY2011Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2011 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
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CY2011 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
14659000 USD
CY2011 us-gaap Sales Revenue Net
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CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2012 us-gaap Operating Expenses
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CY2012 us-gaap Gross Profit
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CY2012 us-gaap Sales Revenue Net
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CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-113000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2011 us-gaap Interest Paid
InterestPaid
141000 USD
CY2011Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2011Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3546000 USD
CY2010Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2011Q1 mlab Employee Loans To Purchase Common Stock
EmployeeLoansToPurchaseCommonStock
437000 USD
CY2011Q1 us-gaap Common Stock Value
CommonStockValue
5505000 USD
CY2011Q1 us-gaap Liabilities
Liabilities
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CY2011Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1500000 USD
CY2011Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2712000 USD
CY2011Q1 us-gaap Liabilities Current
LiabilitiesCurrent
9931000 USD
CY2011Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
900000 USD
CY2011Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
376000 USD
CY2011Q1 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
600000 USD
CY2011Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000000 USD
CY2011Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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CY2011Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
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CY2011Q1 us-gaap Assets
Assets
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CY2011Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2011Q1 us-gaap Goodwill
Goodwill
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CY2011Q1 us-gaap Property Plant And Equipment Net
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CY2011Q1 us-gaap Assets Current
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CY2011Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2011Q1 us-gaap Inventory Net
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CY2011Q1 us-gaap Accounts Receivable Net Current
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CY2011Q1 us-gaap Common Stock Shares Outstanding
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CY2011Q1 us-gaap Common Stock Shares Issued
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CY2012Q1 us-gaap Common Stock Shares Outstanding
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CY2012Q1 us-gaap Common Stock Shares Issued
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CY2011 us-gaap Net Cash Provided By Used In Continuing Operations
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CY2011 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
105000 USD
CY2011 us-gaap Dividends Common Stock Cash
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CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
597000 USD
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1645000 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
43915000 USD
CY2010Q1 us-gaap Stockholders Equity
StockholdersEquity
31197000 USD

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