2014 Q4 Form 10-Q Financial Statement

#000149322514000094 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $22.71M $23.38M
YoY Change -2.88% 3.04%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.890M $110.0K $1.040M
YoY Change 80.0% -89.42% 22.35%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $3.737M $4.060M
YoY Change -7.96% -28.66%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.740M $7.225M $7.782M
YoY Change -2.03% -7.16% 25.94%
Income Tax $2.860M $2.496M $2.682M
% Of Pretax Income 36.95% 34.55% 34.46%
Net Earnings $4.880M $4.729M $5.100M
YoY Change -1.61% -7.27% 30.97%
Net Earnings / Revenue 20.83% 21.81%
Basic Earnings Per Share $0.10 $0.09
Diluted Earnings Per Share $105.8K $0.10 $0.09
COMMON SHARES
Basic Shares Outstanding 49.98M shares 47.60M shares 54.57M shares
Diluted Shares Outstanding 48.58M shares 55.50M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $76.71M $66.87M $93.65M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $26.23M $26.89M $29.80M
YoY Change -9.74% -9.78% 23.65%
Goodwill $16.16M $16.16M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.021B $2.925B $2.727B
YoY Change 11.77% 7.25% 9.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.800M
YoY Change 21.88%
Accrued Expenses $19.80M $19.50M
YoY Change 15.12% -5.34%
Deferred Revenue
YoY Change
Short-Term Debt $205.3M $492.2M
YoY Change 11.88% -1.54%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.60M $19.50M
YoY Change 16.95% -5.34%
LONG-TERM LIABILITIES
Long-Term Debt $900.0K $0.00
YoY Change -25.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $900.0K $0.00
YoY Change -25.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.60M $19.50M
Total Long-Term Liabilities $900.0K $0.00
Total Liabilities $2.427B $2.307B $2.011B
YoY Change 22.16% 14.72% -4.03%
SHAREHOLDERS EQUITY
Retained Earnings $248.9M $247.3M
YoY Change 2.78%
Common Stock $582.0K $582.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $128.6M $97.61M
YoY Change 3445.23%
Treasury Stock Shares 9.824M shares 7.578M shares
Shareholders Equity $593.9M $617.8M $716.3M
YoY Change
Total Liabilities & Shareholders Equity $3.021B $2.925B $2.727B
YoY Change 11.77% 7.25% 9.48%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $4.880M $4.729M $5.100M
YoY Change -1.61% -7.27% 30.97%
Depreciation, Depletion And Amortization $1.890M $110.0K $1.040M
YoY Change 80.0% -89.42% 22.35%
Cash From Operating Activities $8.430M $7.760M $7.410M
YoY Change -1.63% 4.72% 59.01%
INVESTING ACTIVITIES
Capital Expenditures -$490.0K $90.00K -$350.0K
YoY Change 172.22% -125.71% -79.04%
Acquisitions
YoY Change
Other Investing Activities -$84.57M -$205.4M $28.33M
YoY Change 457.11% -825.13% -240.67%
Cash From Investing Activities -$85.06M -$205.3M $27.99M
YoY Change 453.78% -833.62% -228.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 86.48M 228.7M 32.92M
YoY Change -437.42% 594.59% 122.58%
NET CHANGE
Cash From Operating Activities 8.430M 7.760M 7.410M
Cash From Investing Activities -85.06M -205.3M 27.99M
Cash From Financing Activities 86.48M 228.7M 32.92M
Net Change In Cash 9.850M 31.08M 68.32M
YoY Change -130.38% -54.51% -2982.7%
FREE CASH FLOW
Cash From Operating Activities $8.430M $7.760M $7.410M
Capital Expenditures -$490.0K $90.00K -$350.0K
Free Cash Flow $8.920M $7.670M $7.760M
YoY Change 1.94% -1.16% 22.59%

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CY2014Q3 us-gaap Impaired Financing Receivable Recorded Investment
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42441000 USD
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37635000 USD
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USD
us-gaap Impairment Of Investments
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434000 USD
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us-gaap Income Tax Expense Benefit
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2496000 USD
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13541000 USD
us-gaap Income Taxes Paid
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15730000 USD
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944000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
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us-gaap Increase Decrease In Customer Advances
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3195000 USD
us-gaap Increase Decrease In Customer Advances
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1312000 USD
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-174720000 USD
us-gaap Increase Decrease In Deposits
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17838000 USD
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631000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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3483000 USD
us-gaap Increase Decrease In Other Operating Assets
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2377000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4750000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
333000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
254000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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931654 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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InformationTechnologyAndDataProcessing
894000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2861000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3424000 USD
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874000 USD
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23380000 USD
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us-gaap Interest And Fee Income Loans And Leases
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us-gaap Interest And Dividend Income Operating
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67622000 USD
us-gaap Interest And Dividend Income Securities Available For Sale
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460000 USD
us-gaap Interest And Dividend Income Securities Available For Sale
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1268000 USD
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325000 USD
CY2014Q3 us-gaap Interest And Dividend Income Securities Available For Sale
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146000 USD
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17827000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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45891000 USD
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InterestExpense
4060000 USD
us-gaap Interest Expense
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11017000 USD
us-gaap Interest Expense
InterestExpense
13010000 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
3737000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
7160000 USD
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2372000 USD
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InterestExpenseBorrowings
2618000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
7830000 USD
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InterestExpenseDeposits
1442000 USD
CY2014Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1365000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
5180000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
3857000 USD
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2133000 USD
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803000 USD
us-gaap Interest Expense Domestic Deposit Liabilities Certificates Of Deposit
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2308000 USD
CY2013Q3 us-gaap Interest Expense Domestic Deposit Liabilities Certificates Of Deposit
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580000 USD
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562000 USD
us-gaap Interest Expense Domestic Deposit Liabilities Demand
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1549000 USD
CY2013Q3 us-gaap Interest Expense Domestic Deposit Liabilities Demand
InterestExpenseDomesticDepositLiabilitiesDemand
862000 USD
us-gaap Interest Expense Domestic Deposit Liabilities Demand
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3047000 USD
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37000 USD
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InterestIncomeDepositsWithFinancialInstitutions
7000 USD
us-gaap Interest Income Deposits With Financial Institutions
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68000 USD
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12000 USD
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us-gaap Interest Income Expense After Provision For Loan Loss
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55329000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2013Q3 us-gaap Interest Income Expense Net
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19320000 USD
us-gaap Interest Income Expense Net
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56605000 USD
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124000 USD
us-gaap Interest Income Federal Home Loan Bank Advances
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571000 USD
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189000 USD
us-gaap Interest Income Securities Mortgage Backed
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13029000 USD
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4097000 USD
us-gaap Interest Income Securities Mortgage Backed
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us-gaap Labor And Related Expense
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us-gaap Labor And Related Expense
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0 USD
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471000 USD
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471000 USD
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19000 USD
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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143000 USD
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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2245000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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353000 USD
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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141000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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92000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
1513000 USD
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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OtherNoninterestExpense
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CY2013Q4 us-gaap Other Real Estate
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CY2014Q3 us-gaap Other Real Estate
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CY2013Q4 us-gaap Other Real Estate And Foreclosed Assets
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CY2014Q3 us-gaap Other Real Estate And Foreclosed Assets
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
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us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
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CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
0 USD
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
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CY2013Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
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CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentAvailableforsaleSecurities
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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentAvailableforsaleSecurities
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CY2013Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentAvailableforsaleSecurities
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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentAvailableforsaleSecurities
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CY2013Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
434000 USD
CY2013Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
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CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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4332000 USD
us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
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us-gaap Payments For Proceeds From Loans And Leases
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us-gaap Payments For Proceeds From Loans And Leases
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us-gaap Payments For Repurchase Of Common Stock
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3280000 USD
us-gaap Payments For Repurchase Of Common Stock
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107594000 USD
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23571000 USD
us-gaap Payments Of Dividends Common Stock
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9682000 USD
us-gaap Payments To Acquire Available For Sale Securities
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264562000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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dei Amendment Flag
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dei Document Period End Date
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dei Document Type
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dei Entity Central Index Key
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dei Entity Filer Category
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dei Entity Registrant Name
EntityRegistrantName
Northfield Bancorp, Inc.

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