2014 Q2 Form 10-Q Financial Statement
#000091060614000008 Filed on May 08, 2014
Income Statement
| Concept | 2014 Q2 | 2013 Q1 |
|---|---|---|
| Revenue | $134.9M | $120.4M |
| YoY Change | 10.3% | -0.12% |
| Cost Of Revenue | $34.40M | $30.40M |
| YoY Change | 10.26% | -8.16% |
| Gross Profit | $100.5M | $90.00M |
| YoY Change | 10.32% | -0.88% |
| Gross Profit Margin | 74.5% | 74.76% |
| Selling, General & Admin | $15.20M | $18.00M |
| YoY Change | 1.33% | 11.8% |
| % of Gross Profit | 15.12% | 20.0% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $36.00M | $32.80M |
| YoY Change | 11.11% | -0.3% |
| % of Gross Profit | 35.82% | 36.44% |
| Operating Expenses | $53.00M | $50.60M |
| YoY Change | 11.11% | 3.69% |
| Operating Profit | $47.50M | $39.40M |
| YoY Change | 9.45% | -6.19% |
| Interest Expense | -$18.00M | -$20.90M |
| YoY Change | -17.43% | -14.69% |
| % of Operating Profit | -37.89% | -53.05% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $29.50M | $18.50M |
| YoY Change | 36.57% | 5.71% |
| Income Tax | $0.00 | |
| % Of Pretax Income | 0.0% | |
| Net Earnings | $29.10M | $20.80M |
| YoY Change | -17.8% | -23.25% |
| Net Earnings / Revenue | 21.57% | 17.28% |
| Basic Earnings Per Share | $0.28 | $0.17 |
| Diluted Earnings Per Share | $0.28 | $0.17 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 92.34M shares | 90.40M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q2 | 2013 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $37.00M | $22.00M |
| YoY Change | -37.29% | -18.52% |
| Cash & Equivalents | $37.00M | $22.00M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $34.00M | $25.00M |
| Other Receivables | $53.00M | $51.00M |
| Total Short-Term Assets | $124.0M | $98.00M |
| YoY Change | -15.65% | -17.65% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.363B | $3.144B |
| YoY Change | 7.79% | -5.02% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $368.0M | $457.0M |
| YoY Change | -18.76% | 9.07% |
| Other Assets | $83.00M | $74.00M |
| YoY Change | 13.7% | -5.13% |
| Total Long-Term Assets | $3.920B | $3.763B |
| YoY Change | 4.45% | -3.17% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $124.0M | $98.00M |
| Total Long-Term Assets | $3.920B | $3.763B |
| Total Assets | $4.044B | $3.861B |
| YoY Change | 3.69% | -3.6% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $141.0M | $121.0M |
| YoY Change | 7.63% | 15.24% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $165.0M | $136.0M |
| YoY Change | 13.79% | 8.8% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.031B | $1.930B |
| YoY Change | 7.35% | -4.6% |
| Other Long-Term Liabilities | $30.00M | $20.00M |
| YoY Change | 15.38% | 66.67% |
| Total Long-Term Liabilities | $2.061B | $1.950B |
| YoY Change | 7.46% | -4.18% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $165.0M | $136.0M |
| Total Long-Term Liabilities | $2.061B | $1.950B |
| Total Liabilities | $2.258B | $2.099B |
| YoY Change | 8.77% | -3.36% |
| 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 | $1.786B | $1.763B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $4.044B | $3.861B |
| YoY Change | 3.69% | -3.6% |
Cashflow Statement
| Concept | 2014 Q2 | 2013 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $29.10M | $20.80M |
| YoY Change | -17.8% | -23.25% |
| Depreciation, Depletion And Amortization | $36.00M | $32.80M |
| YoY Change | 11.11% | -0.3% |
| Cash From Operating Activities | $67.30M | $41.30M |
| YoY Change | -1.03% | -4.4% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$50.10M | -$36.40M |
| YoY Change | -39.27% | -22.06% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $4.600M | $6.300M |
| YoY Change | -94.94% | -77.58% |
| Cash From Investing Activities | -$45.50M | -$30.10M |
| YoY Change | -641.67% | 60.96% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $52.40M | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -20.20M | -11.10M |
| YoY Change | -49.12% | 26.14% |
| NET CHANGE | ||
| Cash From Operating Activities | 67.30M | 41.30M |
| Cash From Investing Activities | -45.50M | -30.10M |
| Cash From Financing Activities | -20.20M | -11.10M |
| Net Change In Cash | 1.600M | 100.0K |
| YoY Change | -95.64% | -99.36% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $67.30M | $41.30M |
| Capital Expenditures | -$50.10M | -$36.40M |
| Free Cash Flow | $117.4M | $77.70M |
| YoY Change | -21.99% | -13.57% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
3366000 | USD |
| CY2014Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-13669000 | USD |
| CY2014Q1 | us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
-14000000 | USD |
| CY2013Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.4625 | |
| CY2014Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.47 | |
| CY2013Q4 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
26100000 | USD |
| CY2014Q1 | us-gaap |
Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
|
26400000 | USD |
| CY2014Q1 | us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
-2474000 | USD |
| CY2013Q1 | us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
-2366000 | USD |
| CY2014Q1 | us-gaap |
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
|
0 | USD |
| CY2013Q1 | us-gaap |
Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
|
0 | USD |
| CY2013Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3024000 | USD |
| CY2014Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2272000 | USD |
| CY2013Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
996000 | shares |
| CY2014Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | shares |
| CY2014Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
696000 | USD |
| CY2013Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
391000 | USD |
| CY2014Q1 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
145000000 | USD |
| CY2014Q1 | us-gaap |
Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
|
14922000 | USD |
| CY2014Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
19300000 | USD |
| CY2013Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
19300000 | USD |
| CY2014Q1 | us-gaap |
Notes Payable
NotesPayable
|
1855690000 | USD |
| CY2013Q4 | us-gaap |
Notes Payable
NotesPayable
|
1779697000 | USD |
| CY2013Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
11960000 | USD |
| CY2014Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
11938000 | USD |
| CY2014Q1 | us-gaap |
Operations Commenced Date1
OperationsCommencedDate1
|
1993-12-31 | |
| CY2014Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-13800000 | USD |
| CY2013Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
3372000 | USD |
| CY2013Q1 | us-gaap |
Payments For Commissions
PaymentsForCommissions
|
787000 | USD |
| CY2013Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
3000 | USD |
| CY2014Q1 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
186044000 | USD |
| CY2013Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
75000000 | USD |
| CY2013Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
177164 | shares |
| CY2014Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
160281 | shares |
| CY2014Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;"></font></div><div style="line-height:120%;padding-top:12px;text-align:left;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to current period presentation. In addition, the Company has corrected the Consolidated Statements of Cash Flows related to the timing of payments for development activity that were not correctly reclassified to investing activity. The correction was a reclassification between cash flows from operating activities and cash flows from investing activities for the three months ended March 31, 2013. The correction resulted in an increase in cash flows from operating activities of </font><font style="font-family:inherit;font-size:10pt;">$2.0 million</font><font style="font-family:inherit;font-size:10pt;"> during the three months ended March 31, 2013, with a corresponding decrease in cash flow from investing activity during the same period</font></div></div> | |
| CY2013Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
52398000 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
4472000 | USD |
| CY2013Q1 | us-gaap |
Quantifying Misstatement In Current Year Financial Statements Amount
QuantifyingMisstatementInCurrentYearFinancialStatementsAmount
|
2000000 | USD |
| CY2013Q1 | reg |
Accumulated Other Comprehensive Income Loss Amounts Reclassified
AccumulatedOtherComprehensiveIncomeLossAmountsReclassified
|
2366000 | USD |
| CY2014Q1 | reg |
Accumulated Other Comprehensive Income Loss Amounts Reclassified
AccumulatedOtherComprehensiveIncomeLossAmountsReclassified
|
2474000 | USD |
| CY2014Q1 | reg |
Acquired Finite Lived Intangible Liability Amount
AcquiredFiniteLivedIntangibleLiabilityAmount
|
5925000 | USD |
| CY2014Q1 | reg |
Business Combination Recognized Identifiable Assets Acquiredand Liabilities Assumed Debt Assumed Netof Premiums
BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedDebtAssumedNetofPremiums
|
78049000 | USD |
| CY2014Q1 | reg |
Equity Issuances Amount Available For Issuance
EquityIssuancesAmountAvailableForIssuance
|
200000000.0 | USD |
| CY2014Q1 | reg |
Gain Loss On Sale Of Properties Including Discontinued Operations
GainLossOnSaleOfPropertiesIncludingDiscontinuedOperations
|
715000 | USD |
| CY2014Q1 | reg |
Letters Of Credit Maximum Borrowing Capacity Under Line
LettersOfCreditMaximumBorrowingCapacityUnderLine
|
80000000 | USD |
| CY2014Q1 | reg |
Total Longterm Debtand Lineof Credits
TotalLongtermDebtandLineofCredits
|
2000690000 | USD |
| CY2013Q4 | reg |
Total Longterm Debtand Lineof Credits
TotalLongtermDebtandLineofCredits
|
1854697000 | USD |
| CY2013Q1 | reg |
Weighted Average Price Per Share
WeightedAveragePricePerShare
|
52.62 | |
| CY2014Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2014Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2014Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2014Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
| CY2014Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-03-31 | |
| CY2014Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2014Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000910606 | |
| CY2014Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
92340765 | shares |
| CY2014Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2014Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
| CY2014Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
REGENCY CENTERS CORP | |
| CY2014Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2014Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes |
