2014 Q2 Form 10-Q Financial Statement

#000119312514301869 Filed on August 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $19.90M $20.16M
YoY Change -1.3% -8.56%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.000M $1.100M
YoY Change -9.09% 0.0%
% of Gross Profit
Operating Expenses $14.83M $13.72M
YoY Change 8.06% 6.66%
Operating Profit
YoY Change
Interest Expense $1.739M $2.617M
YoY Change -33.55% -28.48%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.884M $7.761M
YoY Change 1.58% -7.25%
Income Tax $2.767M $2.774M
% Of Pretax Income 35.1% 35.74%
Net Earnings $5.117M $4.987M
YoY Change 2.61% -7.18%
Net Earnings / Revenue 25.72% 24.74%
Basic Earnings Per Share $0.31 $0.29
Diluted Earnings Per Share $0.30 $0.29
COMMON SHARES
Basic Shares Outstanding 16.74M shares 17.11M shares
Diluted Shares Outstanding 16.82M shares 17.14M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $24.43M $23.02M
YoY Change 6.13% 2.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.00M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.329B $2.306B
YoY Change 1.02% 0.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $62.00M $71.00M
YoY Change -12.68% 5.97%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $62.00M $71.00M
YoY Change -12.68% 5.97%
LONG-TERM LIABILITIES
Long-Term Debt $28.00M $28.00M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $13.00M $10.00M
YoY Change 30.0% 0.0%
Total Long-Term Liabilities $41.00M $38.00M
YoY Change 7.89% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.00M $71.00M
Total Long-Term Liabilities $41.00M $38.00M
Total Liabilities $2.113B $2.089B
YoY Change 1.14% 1.0%
SHAREHOLDERS EQUITY
Retained Earnings $211.8M $203.4M
YoY Change 4.15% 5.17%
Common Stock $336.0K $336.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $250.5M $241.7M
YoY Change 3.66% 3.66%
Treasury Stock Shares 16.42M shares 15.96M shares
Shareholders Equity $215.8M $216.3M
YoY Change
Total Liabilities & Shareholders Equity $2.329B $2.306B
YoY Change 1.02% 0.79%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $5.117M $4.987M
YoY Change 2.61% -7.18%
Depreciation, Depletion And Amortization $1.000M $1.100M
YoY Change -9.09% 0.0%
Cash From Operating Activities $2.200M $7.500M
YoY Change -70.67% 4.17%
INVESTING ACTIVITIES
Capital Expenditures -$1.200M -$1.400M
YoY Change -14.29% 75.0%
Acquisitions
YoY Change
Other Investing Activities -$41.20M -$39.70M
YoY Change 3.78% 55.08%
Cash From Investing Activities -$42.30M -$41.00M
YoY Change 3.17% 54.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 47.10M 4.500M
YoY Change 946.67% -78.57%
NET CHANGE
Cash From Operating Activities 2.200M 7.500M
Cash From Investing Activities -42.30M -41.00M
Cash From Financing Activities 47.10M 4.500M
Net Change In Cash 7.000M -29.00M
YoY Change -124.14% -1805.88%
FREE CASH FLOW
Cash From Operating Activities $2.200M $7.500M
Capital Expenditures -$1.200M -$1.400M
Free Cash Flow $3.400M $8.900M
YoY Change -61.8% 11.25%

Facts In Submission

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dei Trading Symbol
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OCFC
dei Entity Registrant Name
EntityRegistrantName
OCEANFIRST FINANCIAL CORP
dei Amendment Flag
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false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0001004702
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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CY2013Q3 ocfc Securities Transferred From Available For Sale To Held To Maturity
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