$NOBH
NOBILITY HOMES INC

2017 Q2 Form 10-Q Financial Statement

#000119312517205504 Filed on June 16, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $10.05M $8.116M
YoY Change 23.78% 21.02%
Cost Of Revenue $7.647M $6.150M
YoY Change 24.34% 19.01%
Gross Profit $2.399M $1.966M
YoY Change 22.05% 27.79%
Gross Profit Margin 23.88% 24.22%
Selling, General & Admin $1.122M $1.012M
YoY Change 10.93% 15.3%
% of Gross Profit 46.78% 51.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.00K $30.00K
YoY Change 0.0% 0.0%
% of Gross Profit 1.25% 1.53%
Operating Expenses $1.122M $1.012M
YoY Change 10.93% 15.3%
Operating Profit $1.277M $953.9K
YoY Change 33.83% 44.37%
Interest Expense $60.00K $4.050M
YoY Change -98.52%
% of Operating Profit 4.7% 424.59%
Other Income/Expense, Net $295.3K $4.846M
YoY Change -93.91% 19986.16%
Pretax Income $1.572M $5.800M
YoY Change -72.9% 746.94%
Income Tax $464.4K $2.128M
% Of Pretax Income 29.54% 36.69%
Net Earnings $1.108M $3.672M
YoY Change -69.84% 439.54%
Net Earnings / Revenue 11.02% 45.24%
Basic Earnings Per Share $0.28 $0.91
Diluted Earnings Per Share $0.28 $0.91
COMMON SHARES
Basic Shares Outstanding 4.005M shares 4.023M shares
Diluted Shares Outstanding 4.006M shares 4.024M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.25M $20.61M
YoY Change 27.37% 38.88%
Cash & Equivalents $25.64M $20.18M
Short-Term Investments $610.0K $440.0K
Other Short-Term Assets $2.650M $2.680M
YoY Change -1.12% -23.21%
Inventory $7.855M $6.839M
Prepaid Expenses
Receivables $2.733M $2.411M
Other Receivables $20.00K $510.0K
Total Short-Term Assets $39.50M $33.05M
YoY Change 19.5% 22.87%
LONG-TERM ASSETS
Property, Plant & Equipment $4.170M $4.654M
YoY Change -10.4% 18.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.420M $1.310M
YoY Change 8.4% -52.54%
Other Assets $156.3K $156.3K
YoY Change 0.0% -94.76%
Total Long-Term Assets $12.31M $14.58M
YoY Change -15.53% 2.85%
TOTAL ASSETS
Total Short-Term Assets $39.50M $33.05M
Total Long-Term Assets $12.31M $14.58M
Total Assets $51.81M $47.63M
YoY Change 8.78% 15.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $809.7K $624.6K
YoY Change 29.62% -43.17%
Accrued Expenses $1.650M $1.320M
YoY Change 25.0% 23.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.958M $3.623M
YoY Change 36.85% 3.56%
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 $4.958M $3.623M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $5.790M $4.304M
YoY Change 34.51% 22.98%
SHAREHOLDERS EQUITY
Retained Earnings $44.67M $41.84M
YoY Change 6.75% 17.08%
Common Stock $11.20M $11.20M
YoY Change 0.06% 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.25M $9.939M
YoY Change 3.12% 3.5%
Treasury Stock Shares 1.360M shares 1.341M shares
Shareholders Equity $46.02M $43.32M
YoY Change
Total Liabilities & Shareholders Equity $51.81M $47.63M
YoY Change 8.78% 15.96%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $1.108M $3.672M
YoY Change -69.84% 439.54%
Depreciation, Depletion And Amortization $30.00K $30.00K
YoY Change 0.0% 0.0%
Cash From Operating Activities $1.160M $1.490M
YoY Change -22.15% -747.83%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$190.0K $1.910M
YoY Change -109.95% -6466.67%
Cash From Investing Activities -$290.0K $1.910M
YoY Change -115.18% -6466.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -600.0K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 1.160M 1.490M
Cash From Investing Activities -290.0K 1.910M
Cash From Financing Activities -600.0K 0.000
Net Change In Cash 270.0K 3.400M
YoY Change -92.06% -1044.44%
FREE CASH FLOW
Cash From Operating Activities $1.160M $1.490M
Capital Expenditures -$100.0K $0.00
Free Cash Flow $1.260M $1.490M
YoY Change -15.44% -747.83%

Facts In Submission

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dei Entity Registrant Name
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NOBILITY HOMES INC
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-84398
us-gaap Increase Decrease In Accounts Payable
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-25604
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-118529
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885432
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Income Taxes Paid Net
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1013974
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
30037
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-25576
us-gaap Payments To Acquire Property Plant And Equipment
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6336
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nobh Undistributed Earnings In Joint Venture
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nobh Percentage Of Collateral Value For Pool Of Loan Securing Note
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0.80 pure
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42388
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953869
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InvestmentIncomeInterest
22044
nobh Percentage Of Joint Venture Loan Guaranteed By Company
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nobh Standard Product Warranty Period
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nobh Increase Decrease In Cash Surrender Value Of Life Insurance
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120001
nobh Earnings From Finance Revenue Sharing Escrow Agreement
EarningsFromFinanceRevenueSharingEscrowAgreement
225956
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0.91
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EarningsPerShareDiluted
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3714269
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3990000
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CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2016Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2016Q2 us-gaap Income Tax Expense Benefit
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CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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4024181 shares
CY2016Q2 us-gaap Selling General And Administrative Expense
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CY2016Q2 us-gaap Standard Product Warranty Accrual Payments
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156905
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4023439 shares
CY2016Q2 nobh Undistributed Earnings In Joint Venture
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35702
CY2016Q2 nobh Earnings From Finance Revenue Sharing Escrow Agreement
EarningsFromFinanceRevenueSharingEscrowAgreement
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CY2017Q2 us-gaap Earnings Per Share Basic
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CY2017Q2 us-gaap Comprehensive Income Net Of Tax
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CY2017Q2 us-gaap Nonoperating Income Expense
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2398884
CY2017Q2 us-gaap Net Income Loss
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1107509
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1571925
CY2017Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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13457
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CY2017Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
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122285
CY2017Q2 us-gaap Income Tax Expense Benefit
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CY2017Q2 us-gaap Selling General And Administrative Expense
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CY2017Q2 us-gaap Standard Product Warranty Accrual Payments
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122285
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WeightedAverageNumberOfSharesOutstandingBasic
4004840 shares
CY2017Q2 nobh Undistributed Earnings In Joint Venture
UndistributedEarningsInJointVenture
28123
CY2017Q2 nobh Earnings From Finance Revenue Sharing Escrow Agreement
EarningsFromFinanceRevenueSharingEscrowAgreement
225956

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