2011 Q4 Form 10-K Financial Statement

#000119312513080164 Filed on February 27, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $271.4M $300.8M $263.7M
YoY Change 41.72% 54.65% 5.14%
Cost Of Revenue $182.5M $204.0M $164.4M
YoY Change 50.83% 68.18% 3.33%
Gross Profit $88.90M $96.80M $99.30M
YoY Change 26.1% 32.24% 8.29%
Gross Profit Margin 32.76% 32.18% 37.66%
Selling, General & Admin $74.70M $66.80M $71.20M
YoY Change 17.82% 19.71% 16.34%
% of Gross Profit 84.03% 69.01% 71.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.00M $12.30M $11.50M
YoY Change 47.37% 36.67% 12.75%
% of Gross Profit 15.75% 12.71% 11.58%
Operating Expenses $76.10M $67.20M $71.40M
YoY Change 18.17% 18.52% 14.79%
Operating Profit $12.80M $29.60M $27.90M
YoY Change 109.84% 79.39% -5.42%
Interest Expense -$10.60M $10.20M $10.00M
YoY Change 13.98% -210.87% -317.39%
% of Operating Profit -82.81% 34.46% 35.84%
Other Income/Expense, Net $0.00 $2.900M $0.00
YoY Change
Pretax Income $2.200M $22.60M $18.30M
YoY Change -168.75% 209.59% -73.93%
Income Tax -$400.0K $8.400M $6.100M
% Of Pretax Income -18.18% 37.17% 33.33%
Net Earnings $2.600M $14.20M $12.20M
YoY Change -58.73% 189.8% -73.01%
Net Earnings / Revenue 0.96% 4.72% 4.63%
Basic Earnings Per Share $0.12 $0.70 $0.59
Diluted Earnings Per Share $0.12 $0.66 $0.56
COMMON SHARES
Basic Shares Outstanding 20.50M shares 20.50M shares
Diluted Shares Outstanding 21.60M shares 21.90M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.70M $22.90M $54.70M
YoY Change -85.99% -89.2% -72.8%
Cash & Equivalents $30.70M $22.90M $54.70M
Short-Term Investments
Other Short-Term Assets $44.10M $38.30M $48.50M
YoY Change 14.25% -1.29% 30.73%
Inventory $112.6M $121.7M $113.5M
Prepaid Expenses
Receivables $195.3M $200.9M $189.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $382.7M $383.8M $405.9M
YoY Change -19.75% -17.97% -10.32%
LONG-TERM ASSETS
Property, Plant & Equipment $164.2M $158.5M $156.6M
YoY Change 17.12% 14.19% 19.27%
Goodwill $201.2M
YoY Change 79.48%
Intangibles
YoY Change
Long-Term Investments $236.9M $236.9M $236.9M
YoY Change 0.0% 0.0% 0.38%
Other Assets $28.90M $63.80M $65.80M
YoY Change -56.93% 8.14% 26.78%
Total Long-Term Assets $869.4M $854.7M $804.6M
YoY Change 29.49% 28.47% 27.82%
TOTAL ASSETS
Total Short-Term Assets $382.7M $383.8M $405.9M
Total Long-Term Assets $869.4M $854.7M $804.6M
Total Assets $1.252B $1.239B $1.211B
YoY Change 9.04% 9.29% 11.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $83.90M $69.70M $72.90M
YoY Change 45.91% 29.07% 40.46%
Accrued Expenses $119.5M $116.3M $99.00M
YoY Change 19.14% 8.49% 15.52%
Deferred Revenue
YoY Change
Short-Term Debt $9.900M $20.20M $21.40M
YoY Change -55.2% -2.88% 2.39%
Long-Term Debt Due $1.600M $1.000M $139.9M
YoY Change
Total Short-Term Liabilities $225.1M $207.2M $333.2M
YoY Change 25.13% 13.85% 110.22%
LONG-TERM LIABILITIES
Long-Term Debt $148.6M $397.6M $228.4M
YoY Change -59.06% 9.99% -36.59%
Other Long-Term Liabilities $48.40M $109.3M $125.4M
YoY Change -62.48% -4.96% 8.76%
Total Long-Term Liabilities $197.0M $506.9M $353.8M
YoY Change -59.96% 6.38% -25.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $225.1M $207.2M $333.2M
Total Long-Term Liabilities $197.0M $506.9M $353.8M
Total Liabilities $758.0M $714.1M $687.0M
YoY Change 12.81% 8.44% 8.36%
SHAREHOLDERS EQUITY
Retained Earnings $104.9M
YoY Change
Common Stock $418.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.400M $1.400M
YoY Change
Treasury Stock Shares 206.3K shares
Shareholders Equity $494.1M $524.4M $523.5M
YoY Change
Total Liabilities & Shareholders Equity $1.252B $1.239B $1.211B
YoY Change 9.04% 9.29% 11.87%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $2.600M $14.20M $12.20M
YoY Change -58.73% 189.8% -73.01%
Depreciation, Depletion And Amortization $14.00M $12.30M $11.50M
YoY Change 47.37% 36.67% 12.75%
Cash From Operating Activities $48.80M $20.00M $25.40M
YoY Change 195.76% -43.34% -313.45%
INVESTING ACTIVITIES
Capital Expenditures -$17.30M -$5.400M -$6.300M
YoY Change 76.53% -8.47% 26.0%
Acquisitions
YoY Change
Other Investing Activities $200.0K -$72.30M -$2.100M
YoY Change -140.0% 290.81% -93.33%
Cash From Investing Activities -$17.10M -$77.70M -$8.400M
YoY Change 66.02% 218.44% -76.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.60M 26.80M -8.200M
YoY Change -2066.67% -1130.77% 141.18%
NET CHANGE
Cash From Operating Activities 48.80M 20.00M 25.40M
Cash From Investing Activities -17.10M -77.70M -8.400M
Cash From Financing Activities -23.60M 26.80M -8.200M
Net Change In Cash 8.100M -30.90M 8.800M
YoY Change 9.46% -472.29% -116.99%
FREE CASH FLOW
Cash From Operating Activities $48.80M $20.00M $25.40M
Capital Expenditures -$17.30M -$5.400M -$6.300M
Free Cash Flow $66.10M $25.40M $31.70M
YoY Change 151.33% -38.35% -559.42%

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ENPRO INDUSTRIES, INC
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<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Revisions</i> &#x2013; Certain prior period amounts have been revised to conform to current classifications. Cash payments associated with the development or purchase of internal-use software of $2.8 million and $2.2 million for the years ended December&#xA0;31, 2011 and 2010, respectively, previously classified as operating cash flows on the Consolidated Statements of Cash Flow, have been changed to investing cash flows. We concluded this revision was not material to the prior years&#x2019; cash flow statements. No other financial amounts or disclosures were affected.</font></p> </div>
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P25Y
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