$PATK
PATRICK INDUSTRIES INC Stock $patk

$patk Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000007660518000080 Filed on May 10, 2018

Income Statement

Concept	2018 Q2	2017 Q1
Revenue	$551.8M	$345.4M
YoY Change	35.54%	23.97%
Cost Of Revenue	$454.1M	$287.9M
YoY Change	35.29%	23.4%
Gross Profit	$97.75M	$57.55M
YoY Change	36.72%	26.89%
Gross Profit Margin	17.71%	16.66%
Selling, General & Admin	$31.84M	$19.11M
YoY Change	45.44%	33.88%
% of Gross Profit	32.57%	33.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$11.33M	$7.417M
YoY Change	34.82%	42.31%
% of Gross Profit	11.59%	12.89%
Operating Expenses	$56.00M	$33.63M
YoY Change	48.17%	35.96%
Operating Profit	$41.76M	$23.92M
YoY Change	23.89%	16.01%
Interest Expense	-$4.378M	-$2.014M
YoY Change	117.81%	22.13%
% of Operating Profit	-10.48%	-8.42%
Other Income/Expense, Net
YoY Change
Pretax Income	$37.38M	$21.90M
YoY Change	17.93%	15.48%
Income Tax	$7.312M	$4.434M
% Of Pretax Income	19.56%	20.25%
Net Earnings	$30.07M	$17.47M
YoY Change	41.43%	34.62%
Net Earnings / Revenue	5.45%	5.06%
Basic Earnings Per Share	$1.22	$0.76
Diluted Earnings Per Share	$1.20	$0.75
COMMON SHARES
Basic Shares Outstanding	24.74M shares	22.86M shares
Diluted Shares Outstanding	25.11M shares	23.32M shares

Balance Sheet

Concept	2018 Q2	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$100.0K	$10.90M
YoY Change	-99.14%	1.87%
Cash & Equivalents	$71.00K	$10.92M
Short-Term Investments
Other Short-Term Assets	$16.00M	$4.600M
YoY Change	146.15%	753.43%
Inventory	$205.9M	$127.9M
Prepaid Expenses
Receivables	$138.7M	$93.76M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$360.7M	$237.2M
YoY Change	43.59%	30.45%
LONG-TERM ASSETS
Property, Plant & Equipment	$129.0M	$88.10M
YoY Change	36.06%	24.42%
Goodwill	$223.5M	$110.2M
YoY Change	61.12%	42.22%
Intangibles	$313.5M	$164.2M
YoY Change	55.46%	36.63%
Long-Term Investments
YoY Change
Other Assets	$494.0K	$522.0K
YoY Change	-2.37%	-86.95%
Total Long-Term Assets	$668.8M	$365.5M
YoY Change	52.66%	34.17%
TOTAL ASSETS
Total Short-Term Assets	$360.7M	$237.2M
Total Long-Term Assets	$668.8M	$365.5M
Total Assets	$1.030B	$602.7M
YoY Change	49.35%	32.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$114.4M	$63.06M
YoY Change	71.94%	31.12%
Accrued Expenses	$49.29M	$24.56M
YoY Change	83.37%	5.69%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$15.77M	$15.77M
YoY Change	0.0%	47.15%
Total Short-Term Liabilities	$179.4M	$103.4M
YoY Change	64.36%	26.01%
LONG-TERM LIABILITIES
Long-Term Debt	$413.1M	$196.2M
YoY Change	69.04%	-15.01%
Other Long-Term Liabilities	$16.13M	$1.600M
YoY Change	908.19%	-15.79%
Total Long-Term Liabilities	$429.3M	$196.2M
YoY Change	75.64%	-15.01%
TOTAL LIABILITIES
Total Short-Term Liabilities	$179.4M	$103.4M
Total Long-Term Liabilities	$429.3M	$196.2M
Total Liabilities	$623.8M	$307.1M
YoY Change	68.99%	-2.44%
SHAREHOLDERS EQUITY
Retained Earnings	$217.3M	$130.9M
YoY Change	42.77%	81.72%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$13.50M
YoY Change
Treasury Stock Shares
Shareholders Equity	$405.8M	$295.7M
YoY Change
Total Liabilities & Shareholders Equity	$1.030B	$602.7M
YoY Change	49.35%	32.68%

Cashflow Statement

Concept	2018 Q2	2017 Q1
OPERATING ACTIVITIES
Net Income	$30.07M	$17.47M
YoY Change	41.43%	34.62%
Depreciation, Depletion And Amortization	$11.33M	$7.417M
YoY Change	34.82%	42.31%
Cash From Operating Activities	$25.81M	-$10.90M
YoY Change	-15.66%	-170.53%
INVESTING ACTIVITIES
Capital Expenditures	$7.641M	$3.484M
YoY Change	-244.17%	19.6%
Acquisitions	$95.86M	$10.10M
YoY Change		-72.23%
Other Investing Activities	$6.000K	$2.000K
YoY Change	-100.01%	-66.67%
Cash From Investing Activities	-$103.5M	-$13.59M
YoY Change	31.52%	-65.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$13.47M	-$98.60M
YoY Change		-3541.54%
Debt Paid & Issued, Net		$93.30M
YoY Change
Cash From Financing Activities	$75.00M	$28.96M
YoY Change	53.7%	-15.44%
NET CHANGE
Cash From Operating Activities	$25.81M	-$10.90M
Cash From Investing Activities	-$103.5M	-$13.59M
Cash From Financing Activities	$75.00M	$28.96M
Net Change In Cash	-$2.696M	$4.470M
YoY Change	-485.14%	-57.72%
FREE CASH FLOW
Cash From Operating Activities	$25.81M	-$10.90M
Capital Expenditures	$7.641M	$3.484M
Free Cash Flow	$18.17M	-$14.38M
YoY Change	-49.4%	-214.7%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2018Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2018Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2018Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q2	dei	Document Period End Date DocumentPeriodEndDate	2018-04-01
CY2018Q2	dei	Document Type DocumentType	10-Q
CY2018Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000076605
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	24775903	shares
CY2018Q2	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2018Q2	dei	Entity Registrant Name EntityRegistrantName	PATRICK INDUSTRIES INC
CY2018Q2	dei	Trading Symbol TradingSymbol	patk
CY2017Q1	patk	Business Acquisition Pro Forma Amortization Expense BusinessAcquisitionProFormaAmortizationExpense	3600000	USD
CY2018Q2	patk	Business Acquisition Pro Forma Amortization Expense BusinessAcquisitionProFormaAmortizationExpense	700000	USD
CY2018Q2	patk	Consolidated Fixed Charge Coverage Ratio Actual ConsolidatedFixedChargeCoverageRatioActual	3.90
CY2018Q2	patk	Consolidated Fixed Charge Coverage Ratio Required ConsolidatedFixedChargeCoverageRatioRequired	1.50
CY2018Q2	patk	Consolidated Leverage Ratio Actual ConsolidatedLeverageRatioActual	1.96
CY2018Q2	patk	Consolidated Leverage Ratio Required ConsolidatedLeverageRatioRequired	3.00
CY2018Q2	patk	Contractwith Customer Liability Increasefrom Cash Receipts ContractwithCustomerLiabilityIncreasefromCashReceipts	694000	USD
CY2018Q2	patk	Debt Instrument Covenant Interest Coverage Ratio Minimum DebtInstrumentCovenantInterestCoverageRatioMinimum	1.50
CY2018Q2	patk	Debt Instrument Covenant Leverage Ratio Maximum DebtInstrumentCovenantLeverageRatioMaximum	3.00
CY2017Q1	patk	Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount	3700000	USD
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CY2018Q2	patk	Intangible Assets Acquired During Period IntangibleAssetsAcquiredDuringPeriod	55973000	USD
CY2018Q2	patk	Intangible Assets Excluding Goodwill Other Changes IntangibleAssetsExcludingGoodwillOtherChanges	1145000	USD
CY2017Q4	patk	Inventory Manufactured Goods Net InventoryManufacturedGoodsNet	127415000	USD
CY2018Q2	patk	Inventory Manufactured Goods Net InventoryManufacturedGoodsNet	156835000	USD
CY2017Q1	patk	Noncash Interest Expense NoncashInterestExpense	0	USD
CY2018Q2	patk	Noncash Interest Expense NoncashInterestExpense	1246000	USD
CY2017Q1	patk	Number Of Business Acquired Companies NumberOfBusinessAcquiredCompanies	1	company
CY2017	patk	Number Of Business Acquired Companies NumberOfBusinessAcquiredCompanies	13	company
CY2018Q2	patk	Number Of Business Acquired Companies NumberOfBusinessAcquiredCompanies	4	company
CY2017Q4	patk	Total Materials Purchased For Resale Distribution Products Net TotalMaterialsPurchasedForResaleDistributionProductsNet	47855000	USD
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CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-59000	USD
CY2018Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	1304000	USD
CY2017Q1	us-gaap	Payments For Hedge Financing Activities PaymentsForHedgeFinancingActivities	0	USD
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CY2017Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	980000	USD
CY2018Q2	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	5367000	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3025000	USD
CY2018Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2586000	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	10104000	USD
CY2018Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	95861000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3484000	USD
CY2018Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7641000	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	18132000	USD
CY2018Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	16039000	USD
CY2017Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	0	USD
CY2018Q2	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	172500000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	98600000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	93612000	USD
CY2018Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	18100000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	0	USD
CY2018Q2	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	18147000	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	65717000	USD
CY2018Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	331058000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	4000	USD
CY2018Q2	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	118486000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	129022000	USD
CY2017Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	0	USD
CY2018Q2	us-gaap	Repayments Of Debt RepaymentsOfDebt	3941000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	126371000	USD
CY2018Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	389855000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	199180000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	217274000	USD
CY2018Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	551832000	USD
CY2017Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	345427000	USD
CY2018Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	551832000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	19106000	USD
CY2018Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	31841000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2439000	USD
CY2018Q2	us-gaap	Share Based Compensation ShareBasedCompensation	3696000	USD
CY2017Q1	us-gaap	Shipping Handling And Transportation Costs ShippingHandlingAndTransportationCosts	10343000	USD
CY2018Q2	us-gaap	Shipping Handling And Transportation Costs ShippingHandlingAndTransportationCosts	17028000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	370685000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	405778000	USD
CY2017Q4	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	1.5
CY2017Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	467000	shares
CY2018Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	370000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23324000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	25110000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22857000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24740000	shares

Files In Submission

Name	View Source	Status
0000076605-18-000080-index-headers.html	Edgar Link	pending
0000076605-18-000080-index.html	Edgar Link	pending
0000076605-18-000080.txt	Edgar Link	pending
0000076605-18-000080-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
patk-20180401.xml	Edgar Link	completed
patk-20180401.xsd	Edgar Link	pending
patk-20180401_cal.xml	Edgar Link	unprocessable
patk-20180401_def.xml	Edgar Link	unprocessable
patk-20180401_lab.xml	Edgar Link	unprocessable
patk-20180401_pre.xml	Edgar Link	unprocessable
patk2018q110-q.htm	Edgar Link	pending
patk2018q1ex311.htm	Edgar Link	pending
patk2018q1ex312.htm	Edgar Link	pending
patk2018q1ex32.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
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R46.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2018 Q2 Form 10-Q Financial Statement

#000007660518000080 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PATK PATRICK INDUSTRIES INC Stock $patk

2018 Q2 Form 10-Q Financial Statement

#000007660518000080 Filed on May 10, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PATK
PATRICK INDUSTRIES INC Stock $patk