$NAII
NATURAL ALTERNATIVES INTERNATIONAL INC

2019 Q4 Form 10-Q Financial Statement

#000143774920002308 Filed on February 11, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $29.10M $36.04M $36.53M
YoY Change -19.25% 8.12% 30.13%
Cost Of Revenue $24.04M $29.61M $29.37M
YoY Change -18.8% 10.83% 35.32%
Gross Profit $5.061M $6.436M $7.163M
YoY Change -21.36% -2.81% 12.45%
Gross Profit Margin 17.39% 17.86% 19.61%
Selling, General & Admin $4.363M $4.229M $4.439M
YoY Change 3.17% -2.58% -1.07%
% of Gross Profit 86.21% 65.71% 61.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000M $810.0K $792.0K
YoY Change 23.46% 6.58% 10.46%
% of Gross Profit 19.76% 12.59% 11.06%
Operating Expenses $4.363M $4.229M $4.439M
YoY Change 3.17% -2.58% -1.07%
Operating Profit $698.0K $2.207M $2.724M
YoY Change -68.37% -3.24% 44.66%
Interest Expense -$120.0K $560.0K $470.0K
YoY Change -121.43% 154.55% 327.27%
% of Operating Profit -17.19% 25.37% 17.25%
Other Income/Expense, Net -$124.0K $543.0K $497.0K
YoY Change -122.84% 168.81% 360.19%
Pretax Income $574.0K $2.750M $3.221M
YoY Change -79.13% 10.75% 61.78%
Income Tax $98.00K $569.0K $662.0K
% Of Pretax Income 17.07% 20.69% 20.55%
Net Earnings $476.0K $2.181M $2.559M
YoY Change -78.18% -265.48% 78.45%
Net Earnings / Revenue 1.64% 6.05% 7.0%
Basic Earnings Per Share $0.07 $0.32 $0.38
Diluted Earnings Per Share $0.07 $0.31 $0.37
COMMON SHARES
Basic Shares Outstanding 6.795M 6.808M 6.765M
Diluted Shares Outstanding 6.886M 6.999M 6.965M

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.90M $30.30M $27.60M
YoY Change -11.22% 5.21% -0.36%
Cash & Equivalents $26.90M $30.27M $27.61M
Short-Term Investments
Other Short-Term Assets $3.500M $3.900M $3.100M
YoY Change -10.26% 143.75% 72.22%
Inventory $22.65M $23.48M $24.97M
Prepaid Expenses
Receivables $14.23M $13.54M $12.73M
Other Receivables $1.200M $0.00 $1.500M
Total Short-Term Assets $68.52M $71.15M $69.91M
YoY Change -3.69% 13.47% 16.93%
LONG-TERM ASSETS
Property, Plant & Equipment $20.61M $20.34M $19.28M
YoY Change 1.36% 8.56% 4.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $863.0K $1.345M $920.0K
YoY Change -35.84% 89.7% 15.87%
Total Long-Term Assets $41.00M $21.68M $20.20M
YoY Change 89.09% -0.93% -4.57%
TOTAL ASSETS
Total Short-Term Assets $68.52M $71.15M $69.91M
Total Long-Term Assets $41.00M $21.68M $20.20M
Total Assets $109.5M $92.83M $90.10M
YoY Change 17.98% 9.74% 11.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.437M $9.664M $10.06M
YoY Change -43.74% -20.67% -7.6%
Accrued Expenses $3.292M $1.686M $2.302M
YoY Change 95.26% -23.88% -2.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.20M $14.62M $15.42M
YoY Change -23.4% -23.87% -10.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $21.30M $624.0K $2.200M
YoY Change 3313.46% -86.13% 22.22%
Total Long-Term Liabilities $21.30M $624.0K $2.200M
YoY Change 3313.46% -86.13% 22.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.20M $14.62M $15.42M
Total Long-Term Liabilities $21.30M $624.0K $2.200M
Total Liabilities $33.40M $17.70M $18.23M
YoY Change 88.71% -25.41% -4.3%
SHAREHOLDERS EQUITY
Retained Earnings $58.50M $55.58M $53.40M
YoY Change 5.26% 21.08% 13.08%
Common Stock $87.00K $85.00K $85.00K
YoY Change 2.35% 1.19% 1.19%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.287M $7.014M $6.590M
YoY Change 32.41% 13.86% 8.35%
Treasury Stock Shares $1.801M $1.143M $1.099M
Shareholders Equity $76.12M $75.13M $71.88M
YoY Change
Total Liabilities & Shareholders Equity $109.5M $92.83M $90.10M
YoY Change 17.98% 9.74% 11.31%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $476.0K $2.181M $2.559M
YoY Change -78.18% -265.48% 78.45%
Depreciation, Depletion And Amortization $1.000M $810.0K $792.0K
YoY Change 23.46% 6.58% 10.46%
Cash From Operating Activities $220.0K $3.440M $4.746M
YoY Change -93.6% 46.38% 105.1%
INVESTING ACTIVITIES
Capital Expenditures $1.633M -$1.860M $796.0K
YoY Change -187.8% 63.16% -16.74%
Acquisitions
YoY Change
Other Investing Activities $20.00K $1.500M $20.00K
YoY Change -98.67% 7400.0% -101.33%
Cash From Investing Activities -$500.0K -$360.0K -$777.0K
YoY Change 38.89% -67.86% -68.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$31.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.310M -420.0K 31.00K
YoY Change 211.9% 366.67%
NET CHANGE
Cash From Operating Activities 220.0K 3.440M 4.746M
Cash From Investing Activities -500.0K -360.0K -777.0K
Cash From Financing Activities -1.310M -420.0K 31.00K
Net Change In Cash -1.590M 2.660M 4.000M
YoY Change -159.77% 133.33% -3019.71%
FREE CASH FLOW
Cash From Operating Activities $220.0K $3.440M $4.746M
Capital Expenditures $1.633M -$1.860M $796.0K
Free Cash Flow -$1.413M $5.300M $3.950M
YoY Change -126.66% 51.86% 190.87%

Facts In Submission

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CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1929000
CY2018Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
543000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
53000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1040000
CY2019Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
698000
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2207000
us-gaap Operating Income Loss
OperatingIncomeLoss
643000
us-gaap Operating Income Loss
OperatingIncomeLoss
4931000
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20897000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
19742000
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20774000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19523000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
863000
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1019000
CY2019Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-369000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
932000
CY2018Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
1300000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
1800000
CY2019Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-903000
CY2018Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
852000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-516000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1235000
CY2019Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5000
CY2018Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-14000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-1500000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1332000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
430000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1633000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2662000
CY2019Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
255000
CY2019Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
246000
us-gaap Pension Expense
PensionExpense
9000
us-gaap Pension Expense
PensionExpense
25000
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1500000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
38000
CY2019Q4 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
17000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
19000
CY2019Q4 us-gaap Royalty Expense
RoyaltyExpense
192000
us-gaap Royalty Expense
RoyaltyExpense
359000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
59121000
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
58117000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20613000
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21085000
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
57380000
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
57800000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
58500000
CY2019Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
29103000
CY2018Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
36043000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
58298000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
72575000
CY2018Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
CY2018Q4 us-gaap Royalty Expense
RoyaltyExpense
178000
us-gaap Royalty Expense
RoyaltyExpense
441000
CY2019Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4363000
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4229000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8802000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8668000
us-gaap Share Based Compensation
ShareBasedCompensation
892000
us-gaap Share Based Compensation
ShareBasedCompensation
809000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2019Q4 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2018Q4 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5000
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
CY2019Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
38000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
77405000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
76120000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
71876000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
75130000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
76084000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
68248000
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1801273
CY2019Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1626605
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
9287000
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
7955000
CY2019Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1317000
CY2018Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
424000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1332000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
430000
us-gaap Unrealized Gain On Foreign Currency Derivatives Before Tax
UnrealizedGainOnForeignCurrencyDerivativesBeforeTax
276000
CY2019Q4 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6885934
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6999223
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6935580
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6982083
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6795269
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6807979
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6818249
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6786470

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