$PATK
PATRICK INDUSTRIES INC

2016 Q1 Form 10-Q Financial Statement

#000143774916030980 Filed on May 05, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $278.6M $223.4M
YoY Change 24.73% 31.29%
Cost Of Revenue $233.3M $188.0M
YoY Change 24.09% 31.46%
Gross Profit $45.35M $35.39M
YoY Change 28.13% 30.38%
Gross Profit Margin 16.28% 15.84%
Selling, General & Admin $14.27M $11.52M
YoY Change 23.89% -21.1%
% of Gross Profit 31.47% 32.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.212M $1.891M
YoY Change 175.62% -9.95%
% of Gross Profit 11.49% 5.34%
Operating Expenses $24.74M $19.83M
YoY Change 24.74% 28.77%
Operating Profit $20.61M $15.56M
YoY Change 32.46% 32.48%
Interest Expense -$1.649M -$800.0K
YoY Change 106.13% 60.0%
% of Operating Profit -8.0% -5.14%
Other Income/Expense, Net
YoY Change
Pretax Income $18.97M $14.76M
YoY Change 28.5% 31.78%
Income Tax $5.990M $5.609M
% Of Pretax Income 31.58% 38.0%
Net Earnings $12.98M $9.150M
YoY Change 41.8% 32.69%
Net Earnings / Revenue 4.66% 4.1%
Basic Earnings Per Share $0.58 $0.60
Diluted Earnings Per Share $0.57 $0.59
COMMON SHARES
Basic Shares Outstanding 14.95M shares 15.33M
Diluted Shares Outstanding 15.19M shares 15.48M

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.70M $100.0K
YoY Change 10600.0%
Cash & Equivalents $10.66M $69.00K
Short-Term Investments
Other Short-Term Assets $539.0K $6.300M
YoY Change -91.44% 23.53%
Inventory $100.1M $74.30M
Prepaid Expenses
Receivables $67.44M $68.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $181.8M $149.4M
YoY Change 21.7% 38.72%
LONG-TERM ASSETS
Property, Plant & Equipment $70.80M $60.80M
YoY Change 16.45% 45.8%
Goodwill $77.49M
YoY Change
Intangibles $120.2M
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.000M $2.200M
YoY Change 81.82% 0.0%
Total Long-Term Assets $272.5M $173.9M
YoY Change 56.67% 104.11%
TOTAL ASSETS
Total Short-Term Assets $181.8M $149.4M
Total Long-Term Assets $272.5M $173.9M
Total Assets $454.3M $323.3M
YoY Change 40.51% 67.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.10M $43.50M
YoY Change 10.57% 18.21%
Accrued Expenses $23.24M $15.90M
YoY Change 46.15% 14.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.71M
YoY Change
Total Short-Term Liabilities $82.05M $59.40M
YoY Change 38.13% 17.16%
LONG-TERM LIABILITIES
Long-Term Debt $230.8M $149.8M
YoY Change 54.08% 216.03%
Other Long-Term Liabilities $1.900M $2.200M
YoY Change -13.64% -12.0%
Total Long-Term Liabilities $230.8M $152.0M
YoY Change 51.85% 204.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.05M $59.40M
Total Long-Term Liabilities $230.8M $152.0M
Total Liabilities $314.8M $215.2M
YoY Change 46.26% 109.95%
SHAREHOLDERS EQUITY
Retained Earnings $72.05M
YoY Change
Common Stock $9.212M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $139.5M $108.1M
YoY Change
Total Liabilities & Shareholders Equity $454.3M $323.3M
YoY Change 40.51% 67.6%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $12.98M $9.150M
YoY Change 41.8% 32.69%
Depreciation, Depletion And Amortization $5.212M $1.891M
YoY Change 175.62% -9.95%
Cash From Operating Activities $15.45M -$2.841M
YoY Change -643.86% -137.88%
INVESTING ACTIVITIES
Capital Expenditures $2.913M $1.866M
YoY Change 56.11% -307.33%
Acquisitions $36.38M $39.58M
YoY Change -8.07%
Other Investing Activities $6.000K $7.000K
YoY Change -14.29%
Cash From Investing Activities -$39.12M -$41.43M
YoY Change -5.56% 4502.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.865M $5.650M
YoY Change -49.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $34.25M 44.21M
YoY Change -22.55% -769.89%
NET CHANGE
Cash From Operating Activities $15.45M -2.841M
Cash From Investing Activities -$39.12M -41.43M
Cash From Financing Activities $34.25M 44.21M
Net Change In Cash $10.57M -54.00K
YoY Change -19677.78%
FREE CASH FLOW
Cash From Operating Activities $15.45M -$2.841M
Capital Expenditures $2.913M $1.866M
Free Cash Flow $12.54M -$4.707M
YoY Change -366.37% -156.04%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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1501000
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1024000
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
127629
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
300
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
12064
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
3500
CY2016Q1 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
7699000
CY2015Q1 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
6659000
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
139511000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
128597000
CY2016Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2400000
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2500000
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
182000
CY2015Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
150000
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15130000
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15477000
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14948000
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15327000

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