$OLED
UNIVERSAL DISPLAY CORP \PA\

2020 Q2 Form 10-Q Financial Statement

#000156459020037705 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $57.97M $118.2M $87.77M
YoY Change -50.94% 110.45% 101.43%
Cost Of Revenue $14.30M $24.07M $15.81M
YoY Change -40.59% 82.36% 112.04%
Gross Profit $43.70M $94.10M $71.95M
YoY Change -53.56% 111.39% 99.23%
Gross Profit Margin 75.39% 79.63% 81.98%
Selling, General & Admin $16.15M $17.70M $11.97M
YoY Change -8.77% 53.09% 10.92%
% of Gross Profit 36.95% 18.81% 16.63%
Research & Development $21.40M $18.83M $15.83M
YoY Change 13.63% 45.99% 28.1%
% of Gross Profit 48.97% 20.01% 22.0%
Depreciation & Amortization $3.800M $3.000M $3.000M
YoY Change 26.67% 36.36% 38.12%
% of Gross Profit 8.7% 3.19% 4.17%
Operating Expenses $46.51M $45.43M $37.59M
YoY Change 2.37% 292.94% 18.98%
Operating Profit -$1.185M $48.66M $34.36M
YoY Change -102.44% 47.68% 660.35%
Interest Expense $1.300M $2.800M $2.800M
YoY Change -53.57% 55.56% 115.38%
% of Operating Profit 5.75% 8.15%
Other Income/Expense, Net $1.438M $3.162M $3.113M
YoY Change -54.52% -26450.0% 154.33%
Pretax Income $253.0K $51.83M $37.47M
YoY Change -99.51% 308.08% 552.5%
Income Tax -$562.0K $8.400M $6.000M
% Of Pretax Income -222.13% 16.21% 16.01%
Net Earnings $815.0K $43.44M $31.47M
YoY Change -98.12% 301.7% 428.18%
Net Earnings / Revenue 1.41% 36.76% 35.86%
Basic Earnings Per Share $0.02 $0.92 $0.66
Diluted Earnings Per Share $0.02 $0.92 $0.66
COMMON SHARES
Basic Shares Outstanding 47.23M 46.97M 46.89M
Diluted Shares Outstanding 47.24M 47.00M 46.93M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $644.0M $552.7M $526.6M
YoY Change 16.52% 20.84% 15.15%
Cash & Equivalents $133.6M $324.3M $88.30M
Short-Term Investments $510.5M $458.0M $438.2M
Other Short-Term Assets $33.10M $8.900M $5.400M
YoY Change 271.91% -56.16% -62.24%
Inventory $84.52M $60.14M $68.00M
Prepaid Expenses
Receivables $68.50M $66.95M $52.10M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $830.2M $688.7M $652.2M
YoY Change 20.55% 20.95% 19.02%
LONG-TERM ASSETS
Property, Plant & Equipment $92.00M $83.60M $88.60M
YoY Change 10.06% 34.18% 51.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.000M $5.000M
YoY Change 0.0%
Other Assets $119.0M $79.22M $92.50M
YoY Change 50.21% 56.56% 3768.67%
Total Long-Term Assets $330.9M $322.4M $316.0M
YoY Change 2.64% 22.21% 27.84%
TOTAL ASSETS
Total Short-Term Assets $830.2M $688.7M $652.2M
Total Long-Term Assets $330.9M $322.4M $316.0M
Total Assets $1.161B $1.011B $968.2M
YoY Change 14.84% 21.35% 21.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.20M $7.744M $7.000M
YoY Change 31.71% -1.97% -32.91%
Accrued Expenses $32.30M $35.74M $28.80M
YoY Change -9.64% 46.49% -0.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $162.7M $139.7M $131.6M
YoY Change 16.43% 37.67% 32.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $158.6M $30.28M $34.07M
YoY Change 423.73% 65.17% -36.08%
Total Long-Term Liabilities $158.6M $30.28M $34.07M
YoY Change 423.73% 65.17% -36.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $162.7M $139.7M $131.6M
Total Long-Term Liabilities $158.6M $30.28M $34.07M
Total Liabilities $321.3M $260.0M $252.0M
YoY Change 23.55% 42.41% 65.26%
SHAREHOLDERS EQUITY
Retained Earnings $195.0M
YoY Change
Common Stock $488.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $41.28M
YoY Change
Treasury Stock Shares $1.366M
Shareholders Equity $839.8M $751.0M $716.2M
YoY Change
Total Liabilities & Shareholders Equity $1.161B $1.011B $968.2M
YoY Change 14.84% 21.35% 21.76%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $815.0K $43.44M $31.47M
YoY Change -98.12% 301.7% 428.18%
Depreciation, Depletion And Amortization $3.800M $3.000M $3.000M
YoY Change 26.67% 36.36% 38.12%
Cash From Operating Activities $26.30M $49.80M $34.05M
YoY Change -47.19% 344.64% -12.28%
INVESTING ACTIVITIES
Capital Expenditures -$7.000M -$7.000M $13.28M
YoY Change 0.0% 48.94% 52.1%
Acquisitions
YoY Change
Other Investing Activities -$93.30M $69.60M $4.600M
YoY Change -234.05% -196.53% -80.17%
Cash From Investing Activities -$100.3M $62.60M -$9.105M
YoY Change -260.22% -181.62% -163.06%
FINANCING ACTIVITIES
Cash Dividend Paid $4.717M
YoY Change 66.62%
Common Stock Issuance & Retirement, Net $445.0K
YoY Change 61.23%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.10M -13.20M -10.92M
YoY Change 14.39% 69.23% 22.15%
NET CHANGE
Cash From Operating Activities 26.30M 49.80M 34.05M
Cash From Investing Activities -100.3M 62.60M -9.105M
Cash From Financing Activities -15.10M -13.20M -10.92M
Net Change In Cash -89.10M 99.20M 14.03M
YoY Change -189.82% -235.33% -68.35%
FREE CASH FLOW
Cash From Operating Activities $26.30M $49.80M $34.05M
Capital Expenditures -$7.000M -$7.000M $13.28M
Free Cash Flow $33.30M $56.80M $20.77M
YoY Change -41.37% 257.23% -30.97%

Facts In Submission

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0.02
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.58
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
52933
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
30785
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0

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