2013 Form 10-K Financial Statement
#000119312513297300 Filed on July 22, 2013
Income Statement
| Concept | 2013 | 2012 Q2 |
|---|---|---|
| Revenue | $556.3M | $145.5M |
| YoY Change | -2.71% | -0.14% |
| Cost Of Revenue | $342.0M | $87.00M |
| YoY Change | -2.98% | -3.55% |
| Gross Profit | $214.3M | $58.50M |
| YoY Change | -2.24% | 5.41% |
| Gross Profit Margin | 38.52% | 40.21% |
| Selling, General & Admin | $168.3M | $42.00M |
| YoY Change | -1.58% | -3.89% |
| % of Gross Profit | 78.53% | 71.79% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $6.270M | $1.790M |
| YoY Change | -31.1% | -39.32% |
| % of Gross Profit | 2.93% | 3.06% |
| Operating Expenses | $174.6M | $43.80M |
| YoY Change | -3.05% | -6.21% |
| Operating Profit | $39.70M | $14.70M |
| YoY Change | 1.53% | 67.05% |
| Interest Expense | $200.0K | $0.00 |
| YoY Change | -33.33% | -100.0% |
| % of Operating Profit | 0.5% | 0.0% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $39.90M | $14.70M |
| YoY Change | -45.57% | 21.49% |
| Income Tax | $19.40M | $5.800M |
| % Of Pretax Income | 48.62% | 39.46% |
| Net Earnings | $20.50M | $8.900M |
| YoY Change | -50.12% | 64.81% |
| Net Earnings / Revenue | 3.69% | 6.12% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $497.6K | $209.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 41.11M | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2013 | 2012 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $119.0M | $128.1M |
| YoY Change | -7.1% | -11.59% |
| Cash & Equivalents | $94.00M | $105.1M |
| Short-Term Investments | $25.00M | $23.00M |
| Other Short-Term Assets | $12.70M | $14.60M |
| YoY Change | -13.01% | 5.8% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $84.20M | $84.20M |
| Other Receivables | $1.200M | $1.200M |
| Total Short-Term Assets | $217.2M | $228.2M |
| YoY Change | -4.82% | -8.67% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $21.10M | $22.70M |
| YoY Change | -7.05% | -13.98% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $2.400M | $2.000M |
| YoY Change | 20.0% | 49.37% |
| Total Long-Term Assets | $200.4M | $200.5M |
| YoY Change | -1.04% | -4.9% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $217.2M | $228.2M |
| Total Long-Term Assets | $200.4M | $200.5M |
| Total Assets | $417.6M | $430.7M |
| YoY Change | -3.04% | -9.59% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $15.70M | $16.30M |
| YoY Change | -3.68% | -15.1% |
| Accrued Expenses | $39.30M | $38.90M |
| YoY Change | 1.03% | -5.81% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $61.30M | $61.70M |
| YoY Change | -0.65% | -8.18% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $4.000M | $3.200M |
| YoY Change | 25.0% | -91.23% |
| Total Long-Term Liabilities | $4.000M | $3.200M |
| YoY Change | 25.0% | -91.23% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $61.30M | $61.70M |
| Total Long-Term Liabilities | $4.000M | $3.200M |
| Total Liabilities | $65.30M | $64.90M |
| YoY Change | 0.62% | -37.4% |
| 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 | $352.3M | $365.9M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $417.6M | $430.7M |
| YoY Change | -3.04% | -9.59% |
Cashflow Statement
| Concept | 2013 | 2012 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $20.50M | $8.900M |
| YoY Change | -50.12% | 64.81% |
| Depreciation, Depletion And Amortization | $6.270M | $1.790M |
| YoY Change | -31.1% | -39.32% |
| Cash From Operating Activities | $34.96M | $16.57M |
| YoY Change | -3.88% | 50.91% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$3.150M | -$460.0K |
| YoY Change | 12.9% | -60.34% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$2.010M | $2.000M |
| YoY Change | -88.67% | -840.74% |
| Cash From Investing Activities | -$5.150M | $1.540M |
| YoY Change | -74.91% | -207.69% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -38.09M | -8.800M |
| YoY Change | -22.44% | -47.08% |
| NET CHANGE | ||
| Cash From Operating Activities | 34.96M | 16.57M |
| Cash From Investing Activities | -5.150M | 1.540M |
| Cash From Financing Activities | -38.09M | -8.800M |
| Net Change In Cash | -8.280M | 9.310M |
| YoY Change | -75.11% | -231.5% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $34.96M | $16.57M |
| Capital Expenditures | -$3.150M | -$460.0K |
| Free Cash Flow | $38.11M | $17.03M |
| YoY Change | -2.68% | 40.28% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
64000 | |
| CY2012 | recn |
Share Based Compensation Arrangement By Share Based Payment Award Shares Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesForfeituresInPeriod
|
1146000 | |
| CY2013 | recn |
Share Based Compensation Arrangement By Share Based Payment Award Shares Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesForfeituresInPeriod
|
615000 | |
| CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
684000 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
1145000 | |
| CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
600000 | |
| CY2011 | recn |
Share Based Compensation Arrangement By Share Based Payment Award Shares Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesForfeituresInPeriod
|
685000 | |
| CY2012 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
108000 | |
| CY2013 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
87000 | |
| CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
41108000 | |
| CY2012Q2 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
200459000 | |
| CY2013Q2 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
198021000 | |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
68000 | |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
7822000 | |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
19.71 | |
| CY2013 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P4Y9M29D | |
| CY2011 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
22.30 | |
| CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
19.48 | |
| CY2013 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
20.19 |
