$NOVT
NOVANTA INC

2016 Q3 Form 10-Q Financial Statement

#000156459017020806 Filed on November 01, 2017

View on sec.gov

Income Statement

Concept 2016 Q3
Revenue $97.73M
YoY Change 1.29%
Cost Of Revenue $56.24M
YoY Change 1.97%
Gross Profit $41.50M
YoY Change 0.37%
Gross Profit Margin 42.46%
Selling, General & Admin $20.20M
YoY Change -3.46%
% of Gross Profit 48.67%
Research & Development $8.016M
YoY Change 2.24%
% of Gross Profit 19.32%
Depreciation & Amortization $5.164M
YoY Change 11.7%
% of Gross Profit 12.44%
Operating Expenses $28.21M
YoY Change -9.08%
Operating Profit $13.28M
YoY Change 28.76%
Interest Expense -$500.0K
YoY Change -103.23%
% of Operating Profit -3.76%
Other Income/Expense, Net $300.0K
YoY Change -98.07%
Pretax Income $7.400M
YoY Change -71.34%
Income Tax $2.500M
% Of Pretax Income 33.78%
Net Earnings $4.871M
YoY Change -75.02%
Net Earnings / Revenue 4.98%
Basic Earnings Per Share
Diluted Earnings Per Share $0.14
COMMON SHARES
Basic Shares Outstanding 34.73M
Diluted Shares Outstanding 34.89M

Balance Sheet

Concept 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.50M
YoY Change -25.4%
Cash & Equivalents $64.74M
Short-Term Investments
Other Short-Term Assets $4.900M
YoY Change -58.12%
Inventory $60.00M
Prepaid Expenses
Receivables $57.60M
Other Receivables $4.500M
Total Short-Term Assets $187.5M
YoY Change -11.82%
LONG-TERM ASSETS
Property, Plant & Equipment $37.60M
YoY Change -0.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.50M
YoY Change 21.52%
Total Long-Term Assets $226.4M
YoY Change 3.01%
TOTAL ASSETS
Total Short-Term Assets $187.5M
Total Long-Term Assets $226.4M
Total Assets $413.9M
YoY Change -4.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.90M
YoY Change -3.72%
Accrued Expenses $28.90M
YoY Change 107.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $7.400M
YoY Change -1.33%
Total Short-Term Liabilities $63.80M
YoY Change 2.9%
LONG-TERM LIABILITIES
Long-Term Debt $87.80M
YoY Change -19.3%
Other Long-Term Liabilities $12.70M
YoY Change -48.37%
Total Long-Term Liabilities $100.5M
YoY Change -24.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.80M
Total Long-Term Liabilities $100.5M
Total Liabilities $164.3M
YoY Change -16.94%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $249.6M
YoY Change
Total Liabilities & Shareholders Equity $413.9M
YoY Change -4.28%

Cashflow Statement

Concept 2016 Q3
OPERATING ACTIVITIES
Net Income $4.871M
YoY Change -75.02%
Depreciation, Depletion And Amortization $5.164M
YoY Change 11.7%
Cash From Operating Activities $15.50M
YoY Change 80.23%
INVESTING ACTIVITIES
Capital Expenditures -$3.000M
YoY Change 150.0%
Acquisitions
YoY Change
Other Investing Activities -$9.300M
YoY Change -129.52%
Cash From Investing Activities -$12.30M
YoY Change -140.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.500M
YoY Change 33.8%
NET CHANGE
Cash From Operating Activities 15.50M
Cash From Investing Activities -12.30M
Cash From Financing Activities -9.500M
Net Change In Cash -6.300M
YoY Change -119.75%
FREE CASH FLOW
Cash From Operating Activities $15.50M
Capital Expenditures -$3.000M
Free Cash Flow $18.50M
YoY Change 88.78%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Repayments Of Debt
RepaymentsOfDebt
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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novt Inventory Acquisition Fair Value Adjustment
InventoryAcquisitionFairValueAdjustment
4754000
novt Inventory Acquisition Fair Value Adjustment
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Deferred Expense And Other Assets
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5806000
novt Increase Decrease In Prepaid Income Taxes Income Taxes Receivable Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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novt Payments To Acquire Businesses Net Of Cash Acquired And Working Capital Adjustments
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novt Payments To Acquire Businesses Net Of Cash Acquired And Working Capital Adjustments
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us-gaap Payments For Repurchase Of Common Stock
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InterestPaid
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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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 at the dates of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. 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>
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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CY2016Q3 novt Net Income Loss After Adjustment Of Redeemable Noncontrolling Interest To Estimated Redemption Value
NetIncomeLossAfterAdjustmentOfRedeemableNoncontrollingInterestToEstimatedRedemptionValue
7470000
novt Net Income Loss After Adjustment Of Redeemable Noncontrolling Interest To Estimated Redemption Value
NetIncomeLossAfterAdjustmentOfRedeemableNoncontrollingInterestToEstimatedRedemptionValue
39883000
novt Net Income Loss After Adjustment Of Redeemable Noncontrolling Interest To Estimated Redemption Value
NetIncomeLossAfterAdjustmentOfRedeemableNoncontrollingInterestToEstimatedRedemptionValue
14247000
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Product Warranty Accrual Warranties Issued
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us-gaap Product Warranty Accrual Warranties Issued
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us-gaap Product Warranty Accrual Payments
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us-gaap Effective Income Tax Rate Continuing Operations
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2264000
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DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
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novt Effective Income Tax Rate Reconciliation Deductions Deferred Tax Liability Write Off
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0.137
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Dividend Income Securities Operating Tax Exempt
DividendIncomeSecuritiesOperatingTaxExempt
2300000
us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
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0.019
CY2016Q3 us-gaap Restructuring Costs
RestructuringCosts
-1621000
us-gaap Restructuring Costs
RestructuringCosts
200000
us-gaap Restructuring Costs
RestructuringCosts
3063000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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us-gaap Restructuring Charges
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novt Restructuring Reserve Settled Without Cash And Other Adjustments
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-62000
CY2017Q3 us-gaap Restructuring Reserve
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us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
21582000
us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
2509000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2017Q3 novt Gross Margin Percentage
GrossMarginPercentage
0.401
CY2016Q3 novt Gross Margin Percentage
GrossMarginPercentage
0.421
novt Gross Margin Percentage
GrossMarginPercentage
0.423
novt Gross Margin Percentage
GrossMarginPercentage
0.418
CY2017Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8864000
CY2016Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5164000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22440000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15933000

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