2012 Q3 Form 10-Q Financial Statement

#000091727312000035 Filed on October 29, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $57.53M $100.3M
YoY Change -42.62% 216.29%
Cost Of Revenue $7.529M $7.425M
YoY Change 1.4% 442.76%
Gross Profit $50.00M $92.84M
YoY Change -46.14% 205.39%
Gross Profit Margin 86.91% 92.59%
Selling, General & Admin $24.26M $48.95M
YoY Change -50.45% 75.22%
% of Gross Profit 48.51% 52.73%
Research & Development $30.67M $32.32M
YoY Change -5.09% 40.5%
% of Gross Profit 61.35% 34.81%
Depreciation & Amortization $11.10M $10.00M
YoY Change 11.0% 177.78%
% of Gross Profit 22.2% 10.77%
Operating Expenses $54.93M $81.27M
YoY Change -32.41% 59.54%
Operating Profit -$47.10M $10.74M
YoY Change -538.71% -152.27%
Interest Expense $7.121M $6.350M
YoY Change 12.14% -238.04%
% of Operating Profit 59.15%
Other Income/Expense, Net -$7.133M
YoY Change
Pretax Income -$54.23M $4.558M
YoY Change -1289.84% -128.31%
Income Tax $3.865M $4.080M
% Of Pretax Income 89.51%
Net Earnings -$58.10M $500.0K
YoY Change -11720.0% -102.43%
Net Earnings / Revenue -100.99% 0.5%
Basic Earnings Per Share
Diluted Earnings Per Share -$524.4K $4.325K
COMMON SHARES
Basic Shares Outstanding 110.8M shares 112.3M shares
Diluted Shares Outstanding 110.8M shares 115.6M shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $207.1M $292.8M
YoY Change -29.27% -39.62%
Cash & Equivalents $152.2M $160.8M
Short-Term Investments $54.90M $131.9M
Other Short-Term Assets $11.60M $12.00M
YoY Change -3.33% -9.09%
Inventory
Prepaid Expenses
Receivables $452.0K $900.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $219.1M $305.6M
YoY Change -28.3% -38.67%
LONG-TERM ASSETS
Property, Plant & Equipment $84.26M $72.50M
YoY Change 16.21% 45.88%
Goodwill $125.0M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.514M $12.80M
YoY Change -56.92% 60.0%
Total Long-Term Assets $382.7M $389.9M
YoY Change -1.84% 288.73%
TOTAL ASSETS
Total Short-Term Assets $219.1M $305.6M
Total Long-Term Assets $382.7M $389.9M
Total Assets $601.8M $695.5M
YoY Change -13.47% 16.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.841M $18.10M
YoY Change -56.68% 53.39%
Accrued Expenses $39.80M $37.30M
YoY Change 6.7% 27.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.11M $66.30M
YoY Change -7.83% -11.13%
LONG-TERM LIABILITIES
Long-Term Debt $189.8M $166.7M
YoY Change 13.86% 40.32%
Other Long-Term Liabilities $10.75M $13.40M
YoY Change -19.75% 318.75%
Total Long-Term Liabilities $10.75M $180.1M
YoY Change -94.03% 47.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.11M $66.30M
Total Long-Term Liabilities $10.75M $180.1M
Total Liabilities $271.0M $246.5M
YoY Change 9.94% 25.32%
SHAREHOLDERS EQUITY
Retained Earnings -$737.8M
YoY Change
Common Stock $1.069B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $330.8M $449.0M
YoY Change
Total Liabilities & Shareholders Equity $601.8M $695.5M
YoY Change -13.47% 16.19%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$58.10M $500.0K
YoY Change -11720.0% -102.43%
Depreciation, Depletion And Amortization $11.10M $10.00M
YoY Change 11.0% 177.78%
Cash From Operating Activities $10.80M $35.60M
YoY Change -69.66% 1086.67%
INVESTING ACTIVITIES
Capital Expenditures -$7.500M -$4.200M
YoY Change 78.57% -69.57%
Acquisitions
YoY Change
Other Investing Activities -$4.300M $46.30M
YoY Change -109.29% -801.52%
Cash From Investing Activities -$11.80M $42.20M
YoY Change -127.96% -306.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 600.0K -96.60M
YoY Change -100.62% -2.23%
NET CHANGE
Cash From Operating Activities 10.80M 35.60M
Cash From Investing Activities -11.80M 42.20M
Cash From Financing Activities 600.0K -96.60M
Net Change In Cash -400.0K -18.80M
YoY Change -97.87% -83.82%
FREE CASH FLOW
Cash From Operating Activities $10.80M $35.60M
Capital Expenditures -$7.500M -$4.200M
Free Cash Flow $18.30M $39.80M
YoY Change -54.02% 136.9%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2. Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December&#160;2011, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No.&#160;2011-11, &#8220;Disclosures about Offsetting Assets and Liabilities.&#8221; ASU 2011-11 will require the Company to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The new guidance is effective for annual reporting periods beginning on or after January&#160;1, 2013, and interim periods within those annual periods. The disclosures are to be applied retrospectively for all comparative periods presented. The Company does not expect that this guidance will have an impact on its financial position, results of operations or cash flows as it is disclosure-only in nature.</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September&#160;2011, the FASB amended its guidance to simplify how an entity tests goodwill for impairment. The amendment will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. An entity no longer will be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendment became effective for the Company&#8217;s interim period ended March&#160;31, 2012. This guidance did not materially impact the Company&#8217;s financial position or results of operations.</font></div></div>
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000917273
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
110879633 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
RAMBUS INC

Files In Submission

Name View Source Status
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