$NOBH
NOBILITY HOMES INC

2016 Q2 Form 10-Q Financial Statement

#000119312516620988 Filed on June 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $8.116M $6.706M
YoY Change 21.02% 23.48%
Cost Of Revenue $6.150M $5.168M
YoY Change 19.01% 19.44%
Gross Profit $1.966M $1.538M
YoY Change 27.79% 39.29%
Gross Profit Margin 24.22% 22.94%
Selling, General & Admin $1.012M $877.4K
YoY Change 15.3% 9.86%
% of Gross Profit 51.47% 57.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.00K $30.00K
YoY Change 0.0% 50.0%
% of Gross Profit 1.53% 1.95%
Operating Expenses $1.012M $877.4K
YoY Change 15.3% 9.86%
Operating Profit $953.9K $660.7K
YoY Change 44.37% 116.18%
Interest Expense $4.050M $0.00
YoY Change -100.0%
% of Operating Profit 424.59% 0.0%
Other Income/Expense, Net $4.846M $24.13K
YoY Change 19986.16% -216.4%
Pretax Income $5.800M $684.8K
YoY Change 746.94% 140.38%
Income Tax $2.128M $4.294K
% Of Pretax Income 36.69% 0.63%
Net Earnings $3.672M $680.6K
YoY Change 439.54% 138.87%
Net Earnings / Revenue 45.24% 10.15%
Basic Earnings Per Share $0.91 $0.17
Diluted Earnings Per Share $0.91 $0.17
COMMON SHARES
Basic Shares Outstanding 4.023M shares 4.062M shares
Diluted Shares Outstanding 4.024M shares 4.062M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.61M $14.84M
YoY Change 38.88% 16.48%
Cash & Equivalents $20.18M $14.38M
Short-Term Investments $440.0K $470.0K
Other Short-Term Assets $2.680M $3.490M
YoY Change -23.21% -10.05%
Inventory $6.839M $6.075M
Prepaid Expenses
Receivables $2.411M $2.481M
Other Receivables $510.0K $10.00K
Total Short-Term Assets $33.05M $26.90M
YoY Change 22.87% 14.52%
LONG-TERM ASSETS
Property, Plant & Equipment $4.654M $3.931M
YoY Change 18.4% 3.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.310M $2.760M
YoY Change -52.54% -4.17%
Other Assets $156.3K $2.984M
YoY Change -94.76% 4.24%
Total Long-Term Assets $14.58M $14.17M
YoY Change 2.85% 2.23%
TOTAL ASSETS
Total Short-Term Assets $33.05M $26.90M
Total Long-Term Assets $14.58M $14.17M
Total Assets $47.63M $41.07M
YoY Change 15.96% 9.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $624.6K $1.099M
YoY Change -43.17% 192.38%
Accrued Expenses $1.320M $1.070M
YoY Change 23.36% 55.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.623M $3.499M
YoY Change 3.56% 99.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.623M $3.499M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $4.304M $3.500M
YoY Change 22.98% 100.0%
SHAREHOLDERS EQUITY
Retained Earnings $41.84M $35.74M
YoY Change 17.08% 6.02%
Common Stock $11.20M $11.19M
YoY Change 0.11% 1984.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.939M $9.603M
YoY Change 3.5% 0.82%
Treasury Stock Shares 1.341M shares 1.311M shares
Shareholders Equity $43.32M $37.57M
YoY Change
Total Liabilities & Shareholders Equity $47.63M $41.07M
YoY Change 15.96% 9.96%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $3.672M $680.6K
YoY Change 439.54% 138.87%
Depreciation, Depletion And Amortization $30.00K $30.00K
YoY Change 0.0% 50.0%
Cash From Operating Activities $1.490M -$230.0K
YoY Change -747.83% -131.08%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $1.910M -$30.00K
YoY Change -6466.67% 0.0%
Cash From Investing Activities $1.910M -$30.00K
YoY Change -6466.67% -70.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -100.0K
YoY Change -100.0% -1100.0%
NET CHANGE
Cash From Operating Activities 1.490M -230.0K
Cash From Investing Activities 1.910M -30.00K
Cash From Financing Activities 0.000 -100.0K
Net Change In Cash 3.400M -360.0K
YoY Change -1044.44% -155.38%
FREE CASH FLOW
Cash From Operating Activities $1.490M -$230.0K
Capital Expenditures $0.00 $0.00
Free Cash Flow $1.490M -$230.0K
YoY Change -747.83% -128.4%

Facts In Submission

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dei Entity Registrant Name
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NOBILITY HOMES INC
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us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
2045
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-97015
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1000005
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2056321
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
30370
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
12409
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
414284
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
5001
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1792393
us-gaap Proceeds From Sale Of Investment Projects
ProceedsFromSaleOfInvestmentProjects
960000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
11767887
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-79823
nobh Guarantee Obligations Principal Balance Of Pool Of Loans Percentage
GuaranteeObligationsPrincipalBalanceOfPoolOfLoansPercentage
0.80 pure
nobh Increase Decrease In Cash Surrender Value Of Life Insurance
IncreaseDecreaseInCashSurrenderValueOfLifeInsurance
89999
nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
69110
nobh Percentage Of Joint Venture Loan Guaranteed By Company
PercentageOfJointVentureLoanGuaranteedByCompany
0.50 pure
nobh Increase Decrease In Pre Owned Homes
IncreaseDecreaseInPreOwnedHomes
-124273
nobh Standard Product Warranty Period
StandardProductWarrantyPeriod
P12M
nobh Earnings From Finance Revenue Sharing Escrow Agreement
EarningsFromFinanceRevenueSharingEscrowAgreement
788566
CY2016Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
156905
CY2015Q2 us-gaap Gross Profit
GrossProfit
1538168
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
23696
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
24128
CY2015Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
50078
CY2015Q2 us-gaap Gain Loss On Sale Of Interest In Projects
GainLossOnSaleOfInterestInProjects
-51657
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
722494
CY2015Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
41941
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
684847
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
16852
nobh Note Receivable Acquired From Sale Of Investment In Retirement Community
NoteReceivableAcquiredFromSaleOfInvestmentInRetirementCommunity
3030000
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4062423 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4061853 shares
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
680553
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
6706118
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
660719
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4294
CY2015Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
50078
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
877449
CY2015Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
5167950
CY2015Q2 nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
35237
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4024181 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4023439 shares
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
3671881
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
8115840
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
953869
CY2016Q2 us-gaap Gross Profit
GrossProfit
1965568
CY2016Q2 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
3990000
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10076
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4846388
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5800257
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3714269
CY2016Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
42388
CY2016Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
22044
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2128376
CY2016Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
156905
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1011699
CY2016Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
6150272
CY2016Q2 nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
35702
CY2016Q2 nobh Earnings From Finance Revenue Sharing Escrow Agreement
EarningsFromFinanceRevenueSharingEscrowAgreement
788566

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