$NOVT
NOVANTA INC

2016 Q4 Form 10-Q Financial Statement

#000156459016027044 Filed on November 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $98.90M $92.27M
YoY Change 7.18% -1.84%
Cost Of Revenue $56.00M $52.36M
YoY Change 6.95% -3.57%
Gross Profit $42.90M $39.91M
YoY Change 7.49% 0.53%
Gross Profit Margin 43.38% 43.25%
Selling, General & Admin $19.30M $19.98M
YoY Change -3.4% -8.35%
% of Gross Profit 44.99% 50.06%
Research & Development $8.000M $7.693M
YoY Change 3.99% -1.37%
% of Gross Profit 18.65% 19.28%
Depreciation & Amortization $5.100M $4.703M
YoY Change 8.44% -25.35%
% of Gross Profit 11.89% 11.78%
Operating Expenses $29.40M $30.90M
YoY Change -4.86% -4.91%
Operating Profit $13.50M $9.007M
YoY Change 49.88% 25.1%
Interest Expense $300.0K -$900.0K
YoY Change -133.33% -18.18%
% of Operating Profit 2.22% -9.99%
Other Income/Expense, Net $500.0K $13.00K
YoY Change 3746.15% -98.7%
Pretax Income $12.10M $9.020M
YoY Change 34.15% -126.3%
Income Tax $4.300M $2.452M
% Of Pretax Income 35.54% 27.18%
Net Earnings $7.800M $6.568M
YoY Change 18.76% -121.53%
Net Earnings / Revenue 7.89% 7.12%
Basic Earnings Per Share $0.19
Diluted Earnings Per Share $222.9K $0.19
COMMON SHARES
Basic Shares Outstanding 34.44M 34.60M
Diluted Shares Outstanding 35.06M

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.10M $80.10M
YoY Change -14.98% 56.75%
Cash & Equivalents $68.11M $59.96M
Short-Term Investments
Other Short-Term Assets $5.600M $9.200M
YoY Change -39.13% -21.37%
Inventory $59.75M $59.57M
Prepaid Expenses
Receivables $63.77M $57.19M
Other Receivables $2.000M $5.600M
Total Short-Term Assets $199.3M $185.2M
YoY Change 7.58% 1.11%
LONG-TERM ASSETS
Property, Plant & Equipment $35.42M $40.55M
YoY Change -12.65% 1.15%
Goodwill $108.1M $103.5M
YoY Change 4.52% 14.01%
Intangibles $61.74M $66.27M
YoY Change -6.83% -1.45%
Long-Term Investments
YoY Change
Other Assets $12.50M $12.67M
YoY Change -1.35% -13.22%
Total Long-Term Assets $226.4M $230.8M
YoY Change -1.93% 6.99%
TOTAL ASSETS
Total Short-Term Assets $199.3M $185.2M
Total Long-Term Assets $226.4M $230.8M
Total Assets $425.6M $416.0M
YoY Change 2.31% 4.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.21M $24.40M
YoY Change 32.02% -4.65%
Accrued Expenses $18.20M $13.50M
YoY Change 34.81% 7.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.366M $7.385M
YoY Change -0.26% -1.53%
Total Short-Term Liabilities $70.50M $56.95M
YoY Change 23.78% 5.35%
LONG-TERM LIABILITIES
Long-Term Debt $70.55M $88.43M
YoY Change -20.21% -15.81%
Other Long-Term Liabilities $18.71M $19.45M
YoY Change -3.76% 3.33%
Total Long-Term Liabilities $89.27M $107.9M
YoY Change -17.25% -12.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.50M $56.95M
Total Long-Term Liabilities $89.27M $107.9M
Total Liabilities $166.8M $171.3M
YoY Change -2.67% -7.4%
SHAREHOLDERS EQUITY
Retained Earnings -$167.5M -$189.6M
YoY Change -11.61% -15.82%
Common Stock $454.1M $453.1M
YoY Change 0.23% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $258.9M $244.7M
YoY Change
Total Liabilities & Shareholders Equity $425.6M $416.0M
YoY Change 2.31% 4.98%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $7.800M $6.568M
YoY Change 18.76% -121.53%
Depreciation, Depletion And Amortization $5.100M $4.703M
YoY Change 8.44% -25.35%
Cash From Operating Activities $13.10M $10.90M
YoY Change 20.18% 26.74%
INVESTING ACTIVITIES
Capital Expenditures -$5.400M -$2.000M
YoY Change 170.0% 25.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.100M
YoY Change -100.0% 83.33%
Cash From Investing Activities -$5.500M -$3.100M
YoY Change 77.42% 40.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.100M -8.000M
YoY Change -73.75% 9.59%
NET CHANGE
Cash From Operating Activities 13.10M 10.90M
Cash From Investing Activities -5.500M -3.100M
Cash From Financing Activities -2.100M -8.000M
Net Change In Cash 5.500M -200.0K
YoY Change -2850.0% -77.78%
FREE CASH FLOW
Cash From Operating Activities $13.10M $10.90M
Capital Expenditures -$5.400M -$2.000M
Free Cash Flow $18.50M $12.90M
YoY Change 43.41% 26.47%

Facts In Submission

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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Income Taxes Paid
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us-gaap Proceeds From Income Tax Refunds
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us-gaap Proceeds From Income Tax Refunds
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us-gaap Use Of Estimates
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<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:4.53%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company evaluates its estimates based on historical experience, current conditions and various other assumptions that it believes are reasonable under the circumstances. Estimates and assumptions are reviewed on an on-going basis and the effects of revisions are reflected in the period in which they are deemed to be necessary. Actual results could differ significantly from those estimates. </p></div>
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novt Business Combination Acquisition Related Cost Benefit
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14088000

Files In Submission

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