2014 Q1 Form 10-Q Financial Statement

#000085698214000022 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $119.2M $103.9M
YoY Change 14.71% 8.71%
Cost Of Revenue $67.19M $60.96M
YoY Change 10.23% 18.48%
Gross Profit $52.04M $42.99M
YoY Change 21.05% -2.66%
Gross Profit Margin 43.65% 41.36%
Selling, General & Admin $36.76M $32.13M
YoY Change 14.43% 8.74%
% of Gross Profit 70.64% 74.73%
Research & Development $8.780M $9.108M
YoY Change -3.6% 41.41%
% of Gross Profit 16.87% 21.18%
Depreciation & Amortization $8.702M $7.683M
YoY Change 13.26% 61.07%
% of Gross Profit 16.72% 17.87%
Operating Expenses $45.55M $41.24M
YoY Change 10.47% 14.03%
Operating Profit $6.489M $1.757M
YoY Change 269.32% -78.06%
Interest Expense $2.606M $1.539M
YoY Change 69.33% 1274.11%
% of Operating Profit 40.16% 87.59%
Other Income/Expense, Net -$2.603M -$1.545M
YoY Change 68.48% 1616.67%
Pretax Income $6.489M $1.757M
YoY Change 269.32% -78.06%
Income Tax $1.063M -$459.0K
% Of Pretax Income 16.38% -26.12%
Net Earnings $2.823M $671.0K
YoY Change 320.72% -88.33%
Net Earnings / Revenue 2.37% 0.65%
Basic Earnings Per Share $0.07 $0.02
Diluted Earnings Per Share $0.07 $0.02
COMMON SHARES
Basic Shares Outstanding 42.87M shares 42.52M shares
Diluted Shares Outstanding 43.23M shares 42.84M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.60M $9.000M
YoY Change 40.0% -7.22%
Cash & Equivalents $12.59M $9.017M
Short-Term Investments
Other Short-Term Assets $12.60M $11.60M
YoY Change 8.62% 28.89%
Inventory $84.73M $82.45M
Prepaid Expenses
Receivables $64.33M $54.62M
Other Receivables $3.300M $4.500M
Total Short-Term Assets $177.5M $162.1M
YoY Change 9.47% 16.62%
LONG-TERM ASSETS
Property, Plant & Equipment $248.0M $243.5M
YoY Change 1.83% 26.37%
Goodwill $184.5M $175.1M
YoY Change 5.37% 167.04%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.33M $11.21M
YoY Change 27.8% 29.1%
Total Long-Term Assets $564.3M $550.0M
YoY Change 2.6% 56.98%
TOTAL ASSETS
Total Short-Term Assets $177.5M $162.1M
Total Long-Term Assets $564.3M $550.0M
Total Assets $741.8M $712.1M
YoY Change 4.17% 45.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.20M $25.30M
YoY Change 7.51% 10.48%
Accrued Expenses $30.50M $24.80M
YoY Change 22.98% 18.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $10.00M
YoY Change 0.0%
Total Short-Term Liabilities $69.45M $61.23M
YoY Change 13.42% 16.15%
LONG-TERM LIABILITIES
Long-Term Debt $244.4M $244.3M
YoY Change 0.08% 365.03%
Other Long-Term Liabilities $2.578M $8.822M
YoY Change -70.78% 14.69%
Total Long-Term Liabilities $247.0M $253.1M
YoY Change -2.39% 320.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $69.45M $61.23M
Total Long-Term Liabilities $247.0M $253.1M
Total Liabilities $332.2M $328.8M
YoY Change 1.03% 161.76%
SHAREHOLDERS EQUITY
Retained Earnings $229.8M $211.1M
YoY Change 8.87% 7.45%
Common Stock $178.9M $173.4M
YoY Change 3.14% 3.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $409.6M $383.3M
YoY Change
Total Liabilities & Shareholders Equity $741.8M $712.1M
YoY Change 4.17% 45.51%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $2.823M $671.0K
YoY Change 320.72% -88.33%
Depreciation, Depletion And Amortization $8.702M $7.683M
YoY Change 13.26% 61.07%
Cash From Operating Activities $7.960M $2.893M
YoY Change 175.15% -61.35%
INVESTING ACTIVITIES
Capital Expenditures $8.708M $19.96M
YoY Change -56.37% 12.56%
Acquisitions $0.00 $1.000M
YoY Change -100.0% -91.5%
Other Investing Activities $0.00 -$1.000M
YoY Change -100.0% -91.53%
Cash From Investing Activities -$9.123M -$21.35M
YoY Change -57.26% -28.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $803.0K $571.0K
YoY Change 40.63% 383.9%
Debt Paid & Issued, Net $30.42M $17.51M
YoY Change 73.73% -60.9%
Cash From Financing Activities $6.314M $18.04M
YoY Change -65.0% -17.65%
NET CHANGE
Cash From Operating Activities $7.960M $2.893M
Cash From Investing Activities -$9.123M -$21.35M
Cash From Financing Activities $6.314M $18.04M
Net Change In Cash $5.151M -$412.0K
YoY Change -1350.24% -18.9%
FREE CASH FLOW
Cash From Operating Activities $7.960M $2.893M
Capital Expenditures $8.708M $19.96M
Free Cash Flow -$748.0K -$17.07M
YoY Change -95.62% 66.55%

Facts In Submission

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CY2014Q1 dei Current Fiscal Year End Date
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CY2014Q1 dei Document Fiscal Period Focus
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CY2014Q1 dei Document Period End Date
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CY2014Q1 dei Document Type
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CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000856982
CY2014Q2 dei Entity Common Stock Shares Outstanding
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42972946 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
MERIT MEDICAL SYSTEMS INC

Files In Submission

Name View Source Status
0000856982-14-000022-index-headers.html Edgar Link pending
0000856982-14-000022-index.html Edgar Link pending
0000856982-14-000022.txt Edgar Link pending
0000856982-14-000022-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mmsi-03312014x10q.htm Edgar Link pending
mmsi-03312014x10qxex311.htm Edgar Link pending
mmsi-03312014x10qxex312.htm Edgar Link pending
mmsi-03312014x10qxex321.htm Edgar Link pending
mmsi-03312014x10qxex322.htm Edgar Link pending
mmsi-20140331.xml Edgar Link completed
mmsi-20140331.xsd Edgar Link pending
mmsi-20140331_cal.xml Edgar Link unprocessable
mmsi-20140331_def.xml Edgar Link unprocessable
mmsi-20140331_lab.xml Edgar Link unprocessable
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