$NNBR
NN INC

2014 Q3 Form 10-Q Financial Statement

#000119312514404471 Filed on November 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q4 2013 Q3
Revenue $125.6M $90.08M $93.02M
YoY Change 35.05% 12.38% 7.43%
Cost Of Revenue $100.4M $71.80M $73.02M
YoY Change 37.55% 9.45% 6.71%
Gross Profit $25.19M $18.20M $20.00M
YoY Change 25.94% 25.52% 10.15%
Gross Profit Margin 20.05% 20.2% 21.5%
Selling, General & Admin $11.12M $7.700M $8.099M
YoY Change 37.35% 5.48% 2.7%
% of Gross Profit 44.16% 42.31% 40.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.864M $4.020M $4.110M
YoY Change 42.68% -9.46% -5.67%
% of Gross Profit 23.28% 22.09% 20.55%
Operating Expenses $11.12M $11.80M $8.099M
YoY Change 37.35% 0.85% 2.7%
Operating Profit $2.552M $6.474M $7.794M
YoY Change -67.26% 250.7% 31.72%
Interest Expense $5.622M -$200.0K $655.0K
YoY Change 758.32% -84.62% -38.27%
% of Operating Profit 220.3% -3.09% 8.4%
Other Income/Expense, Net -$1.557M -$200.0K $281.0K
YoY Change -654.09% -136.73%
Pretax Income -$4.627M $6.100M $7.420M
YoY Change -162.36% 1120.0% 518.33%
Income Tax -$562.0K $1.600M $2.368M
% Of Pretax Income 26.23% 31.91%
Net Earnings -$3.840M $4.485M $5.052M
YoY Change -176.01% -45.34% 62.18%
Net Earnings / Revenue -3.06% 4.98% 5.43%
Basic Earnings Per Share -$0.21 $0.25 $0.29
Diluted Earnings Per Share -$0.21 $0.25 $0.29
COMMON SHARES
Basic Shares Outstanding 17.98M shares 17.53M shares 17.30M shares
Diluted Shares Outstanding 17.98M shares 17.82M shares 17.45M shares

Balance Sheet

Concept 2014 Q3 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.90M $3.000M $4.500M
YoY Change 497.78% -84.21% -68.31%
Cash & Equivalents $26.89M $3.039M $4.468M
Short-Term Investments
Other Short-Term Assets $20.05M $6.241M $8.411M
YoY Change 138.41% -1.12% 45.02%
Inventory $86.92M $54.53M $48.11M
Prepaid Expenses
Receivables $112.9M $58.93M $65.78M
Other Receivables $0.00 $800.0K $0.00
Total Short-Term Assets $246.7M $125.7M $126.8M
YoY Change 94.62% -1.27% -2.33%
LONG-TERM ASSETS
Property, Plant & Equipment $274.6M $121.1M $117.5M
YoY Change 133.73% 1.17% -1.35%
Goodwill $87.69M $8.624M $8.437M
YoY Change 939.31% 4.48%
Intangibles
YoY Change
Long-Term Investments $33.35M
YoY Change
Other Assets $13.01M $3.402M $3.755M
YoY Change 246.42% 8.31% 21.13%
Total Long-Term Assets $466.4M $136.7M $134.7M
YoY Change 246.37% -0.96% 2.59%
TOTAL ASSETS
Total Short-Term Assets $246.7M $125.7M $126.8M
Total Long-Term Assets $466.4M $136.7M $134.7M
Total Assets $713.1M $262.4M $261.4M
YoY Change 172.78% -1.11% 0.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.77M $40.69M $43.17M
YoY Change 45.39% 9.96% 20.93%
Accrued Expenses $20.80M $11.80M $11.70M
YoY Change 77.78% 15.69% 2.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $24.05M $10.48M $5.714M
YoY Change 320.86% 80.61% -9.3%
Total Short-Term Liabilities $127.0M $69.38M $69.23M
YoY Change 83.47% 18.08% 14.82%
LONG-TERM LIABILITIES
Long-Term Debt $331.2M $26.00M $33.00M
YoY Change 903.64% -59.19% -51.97%
Other Long-Term Liabilities $9.000M $6.920M $10.37M
YoY Change -13.19% -33.84% -4.88%
Total Long-Term Liabilities $340.2M $32.92M $43.37M
YoY Change 684.45% -55.62% -45.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.0M $69.38M $69.23M
Total Long-Term Liabilities $340.2M $32.92M $43.37M
Total Liabilities $532.9M $109.6M $116.6M
YoY Change 357.11% -19.84% -18.87%
SHAREHOLDERS EQUITY
Retained Earnings $65.93M
YoY Change 27.08%
Common Stock $63.30M
YoY Change 10.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $180.3M $152.8M $144.9M
YoY Change
Total Liabilities & Shareholders Equity $713.1M $262.4M $261.4M
YoY Change 172.78% -1.11% 0.13%

Cashflow Statement

Concept 2014 Q3 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income -$3.840M $4.485M $5.052M
YoY Change -176.01% -45.34% 62.18%
Depreciation, Depletion And Amortization $5.864M $4.020M $4.110M
YoY Change 42.68% -9.46% -5.67%
Cash From Operating Activities -$4.220M $6.090M $16.82M
YoY Change -125.09% -58.57% 52.49%
INVESTING ACTIVITIES
Capital Expenditures -$8.980M -$6.190M -$4.140M
YoY Change 116.91% 31.98% 25.08%
Acquisitions
YoY Change
Other Investing Activities -$240.8M $0.00 -$20.00K
YoY Change 1203650.0% -100.0% 100.0%
Cash From Investing Activities -$249.7M -$6.200M -$4.140M
YoY Change 5932.13% 32.48% 24.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 274.8M -1.260M -13.35M
YoY Change -2158.28% -80.34% 104.13%
NET CHANGE
Cash From Operating Activities -4.220M 6.090M 16.82M
Cash From Investing Activities -249.7M -6.200M -4.140M
Cash From Financing Activities 274.8M -1.260M -13.35M
Net Change In Cash 20.83M -1.370M -670.0K
YoY Change -3208.96% -137.95% -157.26%
FREE CASH FLOW
Cash From Operating Activities -$4.220M $6.090M $16.82M
Capital Expenditures -$8.980M -$6.190M -$4.140M
Free Cash Flow $4.760M $12.28M $20.96M
YoY Change -77.29% -36.67% 46.16%

Facts In Submission

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293894000
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1550000
us-gaap Share Based Compensation
ShareBasedCompensation
1825000
us-gaap Proceeds From Issuance Of Long Term Debt
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344750000
nnbr Weighted Average Number Of Diluted Shares Outstanding Net
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nnbr Postemployment Benefits Translation Adjustment
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CY2014Q3 us-gaap Sales Revenue Goods Net
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CY2014Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5651000

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