2013 Q4 Form 10-Q Financial Statement

#000006948813000014 Filed on October 29, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $144.7M $141.4M $197.3M
YoY Change -32.37% -28.31% 3.66%
Cost Of Revenue $104.8M $98.92M $144.6M
YoY Change -33.08% -31.57% 1.42%
Gross Profit $39.94M $42.52M $52.73M
YoY Change -30.41% -19.37% 10.34%
Gross Profit Margin 27.6% 30.06% 26.73%
Selling, General & Admin $30.50M $30.25M $42.96M
YoY Change -31.46% -29.57% 5.99%
% of Gross Profit 76.36% 71.15% 81.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.860M $5.830M $8.370M
YoY Change -214.01% -30.35% -4.67%
% of Gross Profit 14.67% 13.71% 15.87%
Operating Expenses $30.50M $30.25M $42.96M
YoY Change -31.46% -29.57% 5.99%
Operating Profit $9.443M $12.27M $9.772M
YoY Change -26.8% 25.51% 34.62%
Interest Expense -$1.200M $1.113M $1.194M
YoY Change 0.0% -6.78% -5.54%
% of Operating Profit -12.71% 9.07% 12.22%
Other Income/Expense, Net
YoY Change
Pretax Income $8.100M $11.15M $8.578M
YoY Change -41.3% 30.01% 43.09%
Income Tax $1.700M $4.293M $2.782M
% Of Pretax Income 20.99% 38.5% 32.43%
Net Earnings $3.319M $6.488M $5.796M
YoY Change -60.95% 11.94% -19.66%
Net Earnings / Revenue 2.29% 4.59% 2.94%
Basic Earnings Per Share $0.10 $0.19 $0.17
Diluted Earnings Per Share $0.10 $0.19 $0.17
COMMON SHARES
Basic Shares Outstanding 33.87M shares 33.67M shares 33.75M shares
Diluted Shares Outstanding 34.21M shares 34.41M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.500M $7.000M $6.500M
YoY Change 66.67% 7.69% 124.14%
Cash & Equivalents $6.539M $7.004M
Short-Term Investments
Other Short-Term Assets $100.3M $11.60M $14.80M
YoY Change 696.03% -21.62% 39.62%
Inventory $53.12M $117.9M $120.5M
Prepaid Expenses $5.492M $9.380M $9.443M
Receivables $74.93M $108.3M $112.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $234.9M $244.8M $253.7M
YoY Change -1.96% -3.53% 16.17%
LONG-TERM ASSETS
Property, Plant & Equipment $98.45M $147.7M $145.7M
YoY Change -34.58% 1.4% 5.97%
Goodwill $51.08M $61.22M $53.65M
YoY Change -0.33% 14.13%
Intangibles $14.26M $22.58M $21.37M
YoY Change -44.83% 5.7%
Long-Term Investments
YoY Change
Other Assets $2.959M $3.085M $7.689M
YoY Change -62.46% -59.88% -0.14%
Total Long-Term Assets $136.1M $86.89M $82.70M
YoY Change 43.6% 5.07% -60.14%
TOTAL ASSETS
Total Short-Term Assets $234.9M $244.8M $253.7M
Total Long-Term Assets $136.1M $86.89M $82.70M
Total Assets $469.5M $479.4M $482.1M
YoY Change -3.18% -0.56% 13.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.90M $69.58M $68.31M
YoY Change -4.86% 1.85% 12.17%
Accrued Expenses $16.43M $9.800M $24.70M
YoY Change -14.58% -60.32% 3.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $305.0K
YoY Change 1.67%
Total Short-Term Liabilities $150.6M $114.2M $112.5M
YoY Change 31.54% 1.47% 6.47%
LONG-TERM LIABILITIES
Long-Term Debt $44.35M $75.49M $96.38M
YoY Change -52.22% -21.67% 20.63%
Other Long-Term Liabilities $14.69M $17.54M $16.04M
YoY Change -17.79% 9.33% 22.45%
Total Long-Term Liabilities $59.03M $93.03M $112.4M
YoY Change -46.66% -17.25% 20.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.6M $114.2M $112.5M
Total Long-Term Liabilities $59.03M $93.03M $112.4M
Total Liabilities $209.6M $207.2M $225.0M
YoY Change -6.9% -7.88% 0.93%
SHAREHOLDERS EQUITY
Retained Earnings -$53.51M -$53.78M -$73.06M
YoY Change -20.56% -26.39%
Common Stock $286.6M $289.1M $290.5M
YoY Change -0.05% -0.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 4.203M shares 4.087M shares 4.068M shares
Shareholders Equity $235.5M $240.3M $229.1M
YoY Change
Total Liabilities & Shareholders Equity $469.5M $479.4M $482.1M
YoY Change -3.18% -0.56% 13.2%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $3.319M $6.488M $5.796M
YoY Change -60.95% 11.94% -19.66%
Depreciation, Depletion And Amortization $5.860M $5.830M $8.370M
YoY Change -214.01% -30.35% -4.67%
Cash From Operating Activities $49.23M $16.70M $15.42M
YoY Change 31.6% 8.3% -51.05%
INVESTING ACTIVITIES
Capital Expenditures -$7.250M -$6.160M -$6.850M
YoY Change 56.93% -10.07% -9.51%
Acquisitions
YoY Change
Other Investing Activities -$2.950M -$2.750M -$3.020M
YoY Change -86.12% -8.94% 214.58%
Cash From Investing Activities -$10.20M -$8.910M -$9.860M
YoY Change -60.6% -9.63% 15.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.40M -22.87M -36.46M
YoY Change 179.94% -37.27% 34.04%
NET CHANGE
Cash From Operating Activities 49.23M 16.70M 15.42M
Cash From Investing Activities -10.20M -8.910M -9.860M
Cash From Financing Activities -37.40M -22.87M -36.46M
Net Change In Cash 1.630M -15.08M -30.90M
YoY Change -188.59% -51.2% 630.5%
FREE CASH FLOW
Cash From Operating Activities $49.23M $16.70M $15.42M
Capital Expenditures -$7.250M -$6.160M -$6.850M
Free Cash Flow $56.48M $22.86M $22.27M
YoY Change 34.38% 2.65% -43.0%

Facts In Submission

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us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2012Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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300000 USD
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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mye Business Acquisition Pro Forma Cost Of Sales
BusinessAcquisitionProFormaCostOfSales
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mye Business Acquisition Pro Forma Gross Profit
BusinessAcquisitionProFormaGrossProfit
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mye Business Acquisition Pro Forma Income Tax Expense Benefit
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mye Business Acquisition Pro Forma Interest Expense Net
BusinessAcquisitionProFormaInterestExpenseNet
6287000 USD
mye Business Acquisition Pro Forma Operating Income
BusinessAcquisitionProFormaOperatingIncome
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mye Business Acquisition Pro Forma Selling General And Administrative Expense
BusinessAcquisitionProFormaSellingGeneralAndAdministrativeExpense
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mye Goodwill Transfers
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mye Payments For Long Term Incentive Compensation
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mye Payments For Long Term Incentive Compensation
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0 USD
mye Restructuring Charges Number Of Facilities Sold
RestructuringChargesNumberOfFacilitiesSold
4 facility
mye Restructuring Reserve Payments
RestructuringReservePayments
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mye Restructuring Reserve Payments
RestructuringReservePayments
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000069488
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33867232 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
MYERS INDUSTRIES INC

Files In Submission

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