$RGR
STURM RUGER & CO INC

2020 Q2 Form 10-Q Financial Statement

#000117494720000850 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $130.3M $96.33M
YoY Change 35.23% -24.98%
Cost Of Revenue $90.18M $74.03M
YoY Change 21.82% -19.37%
Gross Profit $40.09M $22.30M
YoY Change 79.74% -39.06%
Gross Profit Margin 30.77% 23.15%
Selling, General & Admin $16.06M $14.84M
YoY Change 8.24% -13.89%
% of Gross Profit 40.06% 66.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.200M $7.500M
YoY Change -4.0% -7.41%
% of Gross Profit 17.96% 33.63%
Operating Expenses $16.06M $14.84M
YoY Change 8.24% -13.89%
Operating Profit $24.03M $7.465M
YoY Change 221.85% -61.46%
Interest Expense -$27.00K -$25.00K
YoY Change 8.0% 13.64%
% of Operating Profit -0.11% -0.33%
Other Income/Expense, Net $673.0K $945.0K
YoY Change -28.78% 38.77%
Pretax Income $24.70M $8.410M
YoY Change 193.69% -58.05%
Income Tax $6.105M $2.177M
% Of Pretax Income 24.72% 25.89%
Net Earnings $18.59M $6.233M
YoY Change 198.32% -58.96%
Net Earnings / Revenue 14.27% 6.47%
Basic Earnings Per Share $1.06 $0.36
Diluted Earnings Per Share $1.05 $0.35
COMMON SHARES
Basic Shares Outstanding 17.49M shares 17.47M shares
Diluted Shares Outstanding 17.76M shares 17.67M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $226.6M $131.8M
YoY Change 71.93% 0.08%
Cash & Equivalents $17.70M $32.22M
Short-Term Investments $208.9M $99.60M
Other Short-Term Assets $2.600M $5.700M
YoY Change -54.39% 119.23%
Inventory $12.07M $41.47M
Prepaid Expenses
Receivables $53.70M $41.49M
Other Receivables $0.00 $0.00
Total Short-Term Assets $294.9M $220.5M
YoY Change 33.75% 5.75%
LONG-TERM ASSETS
Property, Plant & Equipment $67.90M $71.72M
YoY Change -5.32% -20.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.00M $26.87M
YoY Change 0.47% 87.92%
Total Long-Term Assets $94.96M $100.4M
YoY Change -5.45% -3.71%
TOTAL ASSETS
Total Short-Term Assets $294.9M $220.5M
Total Long-Term Assets $94.96M $100.4M
Total Assets $389.9M $320.9M
YoY Change 21.48% 2.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.70M $21.90M
YoY Change 81.28% -24.22%
Accrued Expenses $26.60M $18.50M
YoY Change 43.78% -25.4%
Deferred Revenue $1.275M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $76.30M $42.98M
YoY Change 77.54% -31.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.000M $2.100M
YoY Change -4.76% 2000.0%
Total Long-Term Liabilities $2.000M $2.100M
YoY Change -4.76% 2000.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.30M $42.98M
Total Long-Term Liabilities $2.000M $2.100M
Total Liabilities $78.30M $45.10M
YoY Change 73.61% -28.75%
SHAREHOLDERS EQUITY
Retained Earnings $359.6M
YoY Change
Common Stock $35.66M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $143.6M
YoY Change
Treasury Stock Shares 6.665M shares
Shareholders Equity $311.5M $275.8M
YoY Change
Total Liabilities & Shareholders Equity $389.9M $320.9M
YoY Change 21.5% 2.59%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $18.59M $6.233M
YoY Change 198.32% -58.96%
Depreciation, Depletion And Amortization $7.200M $7.500M
YoY Change -4.0% -7.41%
Cash From Operating Activities $47.00M $3.900M
YoY Change 1105.13% -89.08%
INVESTING ACTIVITIES
Capital Expenditures -$1.800M -$1.200M
YoY Change 50.0% 20.0%
Acquisitions
YoY Change
Other Investing Activities -$59.20M $0.00
YoY Change
Cash From Investing Activities -$61.10M -$1.200M
YoY Change 4991.67% 20.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.300M -5.800M
YoY Change 8.62% 1.75%
NET CHANGE
Cash From Operating Activities 47.00M 3.900M
Cash From Investing Activities -61.10M -1.200M
Cash From Financing Activities -6.300M -5.800M
Net Change In Cash -20.40M -3.100M
YoY Change 558.06% -110.69%
FREE CASH FLOW
Cash From Operating Activities $47.00M $3.900M
Capital Expenditures -$1.800M -$1.200M
Free Cash Flow $48.80M $5.100M
YoY Change 856.86% -86.1%

Facts In Submission

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us-gaap Basis Of Accounting
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<p id="d1e3543_anchor" style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:6pt; margin-bottom:0pt; "> <span style="font-weight:bold; ">NOTE 1 — BASIS OF PRESENTATION</span></p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:6pt; text-indent:18pt; margin-bottom:0pt; ">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:6pt; text-indent:18pt; margin-bottom:0pt; ">In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation of the results of the interim periods. Operating results for the six months ended June 27, 2020 may not be indicative of the results to be expected for the full year ending December 31, 2020. These financial statements have been prepared on a basis that is substantially consistent with the accounting principles applied in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. </p>
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