$PLUS
EPLUS INC

2013 Q1 Form 10-K Financial Statement

#000102240813000025 Filed on June 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2013 2012 Q4
Revenue $236.3M $983.1M $242.0M
YoY Change 7.9% 19.08% 8.02%
Cost Of Revenue $183.0M $778.3M $191.0M
YoY Change 4.63% 18.99% 8.65%
Gross Profit $53.30M $204.8M $51.00M
YoY Change 20.86% 19.42% 5.81%
Gross Profit Margin 22.56% 20.83% 21.07%
Selling, General & Admin $40.10M $144.2M $34.90M
YoY Change 9.26% 10.5% 4.49%
% of Gross Profit 75.23% 70.41% 68.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.500M $12.20M $3.100M
YoY Change 66.67% 29.79% 29.17%
% of Gross Profit 6.57% 5.96% 6.08%
Operating Expenses $40.10M $144.2M $35.00M
YoY Change 9.26% 10.5% 3.72%
Operating Profit $13.20M $60.60M $16.00M
YoY Change 78.38% 47.8% 10.7%
Interest Expense -$500.0K -$1.900M -$500.0K
YoY Change 25.0% 35.71% 66.67%
% of Operating Profit -3.79% -3.14% -3.13%
Other Income/Expense, Net
YoY Change
Pretax Income $12.70M $58.70M $15.50M
YoY Change 81.43% 48.23% 7.39%
Income Tax $5.000M $23.90M $6.500M
% Of Pretax Income 39.37% 40.72% 41.94%
Net Earnings $7.700M $34.80M $9.000M
YoY Change 97.44% 48.72% 2.94%
Net Earnings / Revenue 3.26% 3.54% 3.72%
Basic Earnings Per Share $0.96 $4.37 $1.11
Diluted Earnings Per Share $0.95 $4.32 $1.11
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q1 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.70M $53.70M $42.20M
YoY Change 58.88% 58.88% -22.0%
Cash & Equivalents $52.70M $52.70M $42.20M
Short-Term Investments $1.000M $1.000M
Other Short-Term Assets $14.10M $14.10M $2.900M
YoY Change 540.91% 540.91% 61.11%
Inventory $14.80M $14.80M $23.90M
Prepaid Expenses
Receivables $173.4M $173.4M $221.9M
Other Receivables $67.70M $67.70M $3.200M
Total Short-Term Assets $323.7M $323.7M $294.0M
YoY Change 35.78% 35.78% 20.79%
LONG-TERM ASSETS
Property, Plant & Equipment $2.200M $2.200M
YoY Change 4.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $102.5M
YoY Change -14.8%
Other Assets $4.500M $4.500M $48.30M
YoY Change -68.09% -62.5% 115.63%
Total Long-Term Assets $116.2M $116.2M $205.9M
YoY Change -40.5% -40.5% 20.41%
TOTAL ASSETS
Total Short-Term Assets $323.7M $323.7M $294.0M
Total Long-Term Assets $116.2M $116.2M $205.9M
Total Assets $439.9M $439.9M $499.9M
YoY Change 1.43% 1.43% 20.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $103.0M $103.0M $144.1M
YoY Change -20.71% -20.71% 22.12%
Accrued Expenses $22.40M $22.40M $21.20M
YoY Change -10.04% -10.04% 138.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $22.60M $22.60M
YoY Change
Total Short-Term Liabilities $172.1M $172.1M $228.3M
YoY Change -4.5% -4.5% 38.03%
LONG-TERM LIABILITIES
Long-Term Debt $19.20M $19.20M $36.20M
YoY Change -31.67% -31.67% 54.7%
Other Long-Term Liabilities $3.600M $3.600M
YoY Change
Total Long-Term Liabilities $22.80M $22.80M $36.20M
YoY Change -18.86% -18.86% 29.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $172.1M $172.1M $228.3M
Total Long-Term Liabilities $22.80M $22.80M $36.20M
Total Liabilities $201.7M $201.7M $270.3M
YoY Change -5.79% -5.79% 36.52%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $238.2M $238.2M $229.6M
YoY Change
Total Liabilities & Shareholders Equity $439.9M $439.9M $499.9M
YoY Change 1.43% 1.43% 20.63%

Cashflow Statement

Concept 2013 Q1 2013 2012 Q4
OPERATING ACTIVITIES
Net Income $7.700M $34.80M $9.000M
YoY Change 97.44% 48.72% 2.94%
Depreciation, Depletion And Amortization $3.500M $12.20M $3.100M
YoY Change 66.67% 29.79% 29.17%
Cash From Operating Activities $27.50M $41.30M $21.20M
YoY Change 848.28% -291.2% -581.82%
INVESTING ACTIVITIES
Capital Expenditures -$3.000M -$15.60M -$6.400M
YoY Change 328.57% 102.6% 64.1%
Acquisitions
YoY Change
Other Investing Activities -$8.700M $2.900M -$200.0K
YoY Change -73.07% -109.48% -115.38%
Cash From Investing Activities -$11.80M -$12.70M -$6.500M
YoY Change -64.13% -66.75% 140.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.200M -9.700M -16.40M
YoY Change -153.61% -154.49% -204.46%
NET CHANGE
Cash From Operating Activities 27.50M 41.30M 21.20M
Cash From Investing Activities -11.80M -12.70M -6.500M
Cash From Financing Activities -5.200M -9.700M -16.40M
Net Change In Cash 10.50M 18.90M -1.700M
YoY Change -151.72% -145.0% -119.77%
FREE CASH FLOW
Cash From Operating Activities $27.50M $41.30M $21.20M
Capital Expenditures -$3.000M -$15.60M -$6.400M
Free Cash Flow $30.50M $56.90M $27.60M
YoY Change 747.22% -509.35% -5620.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2012Q1 plus Net Investment In Direct Financing Sales And Operating Leases
NetInvestmentInDirectFinancingSalesAndOperatingLeases
115974000
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.32
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.37
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.82
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.11
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2013Q1 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
24467000
CY2012Q1 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
20514000
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.12
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
105000
CY2013Q1 plus Net Investment In Direct Financing And Sale Type Leases Initial Direct Cost
NetInvestmentInDirectFinancingAndSaleTypeLeasesInitialDirectCost
684000
CY2012Q1 plus Net Investment In Direct Financing And Sale Type Leases Initial Direct Cost
NetInvestmentInDirectFinancingAndSaleTypeLeasesInitialDirectCost
797000
CY2013Q1 plus Net Investment In Direct Financing And Sale Type Leases Unguaranteed Residual Values Of Leased Property
NetInvestmentInDirectFinancingAndSaleTypeLeasesUnguaranteedResidualValuesOfLeasedProperty
7557000
CY2012Q1 plus Net Investment In Direct Financing And Sale Type Leases Unguaranteed Residual Values Of Leased Property
NetInvestmentInDirectFinancingAndSaleTypeLeasesUnguaranteedResidualValuesOfLeasedProperty
6917000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.79
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95

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