2013 Q2 Form 10-Q Financial Statement

#000105082513000111 Filed on June 25, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $667.1M $675.2M
YoY Change -1.2% 5.6%
Cost Of Revenue $457.2M $474.1M
YoY Change -3.56% 6.23%
Gross Profit $209.7M $196.0M
YoY Change 6.99% 7.05%
Gross Profit Margin 31.43% 29.03%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.10M $13.60M
YoY Change 3.68% -2.86%
% of Gross Profit 6.72% 6.94%
Operating Expenses $185.1M $176.7M
YoY Change 4.75% 5.05%
Operating Profit $20.40M $19.30M
YoY Change 5.7% 28.67%
Interest Expense $4.400M $4.500M
YoY Change -2.22% -46.43%
% of Operating Profit 21.57% 23.32%
Other Income/Expense, Net $1.200M $3.800M
YoY Change -68.42% 100.0%
Pretax Income $17.80M $19.70M
YoY Change -9.64% 71.3%
Income Tax $4.600M $6.500M
% Of Pretax Income 25.84% 32.99%
Net Earnings $13.20M $13.20M
YoY Change 0.0% 76.0%
Net Earnings / Revenue 1.98% 1.95%
Basic Earnings Per Share $0.10 $0.10
Diluted Earnings Per Share $0.10 $0.10
COMMON SHARES
Basic Shares Outstanding 124.8M shares 126.8M shares
Diluted Shares Outstanding 126.2M shares 126.9M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $146.8M $132.6M
YoY Change 10.71% -66.75%
Cash & Equivalents $103.1M $80.50M
Short-Term Investments $43.70M $52.10M
Other Short-Term Assets $47.80M $43.70M
YoY Change 9.38% -67.65%
Inventory $146.8M $147.5M
Prepaid Expenses
Receivables $301.5M $309.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $692.7M $680.4M
YoY Change 1.81% -30.23%
LONG-TERM ASSETS
Property, Plant & Equipment $356.2M $338.8M
YoY Change 5.14% -2.92%
Goodwill $121.4M $174.5M
YoY Change -30.43%
Intangibles $18.50M $18.20M
YoY Change 1.65%
Long-Term Investments
YoY Change
Other Assets $94.60M $100.1M
YoY Change -5.49% -78.14%
Total Long-Term Assets $925.5M $983.0M
YoY Change -5.85% -2.31%
TOTAL ASSETS
Total Short-Term Assets $692.7M $680.4M
Total Long-Term Assets $925.5M $983.0M
Total Assets $1.618B $1.663B
YoY Change -2.72% -16.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $211.9M $210.2M
YoY Change 0.81% 5.73%
Accrued Expenses $108.8M $105.2M
YoY Change 3.42% -62.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.600M $2.600M
YoY Change 0.0% -98.97%
Total Short-Term Liabilities $456.5M $449.7M
YoY Change 1.51% -38.79%
LONG-TERM LIABILITIES
Long-Term Debt $285.8M $288.4M
YoY Change -0.9% -0.79%
Other Long-Term Liabilities $78.10M $81.40M
YoY Change -4.05% -66.32%
Total Long-Term Liabilities $517.3M $527.0M
YoY Change -1.84% -1.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $456.5M $449.7M
Total Long-Term Liabilities $517.3M $527.0M
Total Liabilities $973.8M $976.7M
YoY Change -0.3% -22.92%
SHAREHOLDERS EQUITY
Retained Earnings $645.7M $675.7M
YoY Change -4.44%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $644.4M $686.7M
YoY Change
Total Liabilities & Shareholders Equity $1.618B $1.663B
YoY Change -2.72% -16.05%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $13.20M $13.20M
YoY Change 0.0% 76.0%
Depreciation, Depletion And Amortization $14.10M $13.60M
YoY Change 3.68% -2.86%
Cash From Operating Activities -$39.30M -$36.90M
YoY Change 6.5% -4.65%
INVESTING ACTIVITIES
Capital Expenditures $18.40M $10.10M
YoY Change 82.18% -44.2%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $400.0K -$100.0K
YoY Change -500.0% -97.22%
Cash From Investing Activities $38.70M $30.90M
YoY Change 25.24% 2475.0%
FINANCING ACTIVITIES
Cash Dividend Paid $12.50M $11.60M
YoY Change 7.76% 45.0%
Common Stock Issuance & Retirement, Net $31.70M $11.80M
YoY Change 168.64% 2.61%
Debt Paid & Issued, Net $600.0K
YoY Change
Cash From Financing Activities -$45.90M -$23.90M
YoY Change 92.05% 2.14%
NET CHANGE
Cash From Operating Activities -$39.30M -$36.90M
Cash From Investing Activities $38.70M $30.90M
Cash From Financing Activities -$45.90M -$23.90M
Net Change In Cash -$46.50M -$29.90M
YoY Change 55.52% -50.9%
FREE CASH FLOW
Cash From Operating Activities -$39.30M -$36.90M
Capital Expenditures $18.40M $10.10M
Free Cash Flow -$57.70M -$47.00M
YoY Change 22.77% -17.25%

Facts In Submission

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UndistributedEarningsAllocatedToParticipatingSecurities
200000 USD
CY2013Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
100000 USD
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126900000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126200000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126800000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124800000 shares
CY2013Q2 scs Increase Decrease In Accounts Receivable Inventories And Accounts Payable
IncreaseDecreaseInAccountsReceivableInventoriesAndAccountsPayable
12900000 USD
CY2012Q2 scs Increase Decrease In Accounts Receivable Inventories And Accounts Payable
IncreaseDecreaseInAccountsReceivableInventoriesAndAccountsPayable
32700000 USD
CY2013Q2 scs Investment Income
InvestmentIncome
600000 USD
CY2012Q2 scs Investment Income
InvestmentIncome
1100000 USD
CY2013Q2 scs Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1400000 USD
CY2013Q2 scs Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-900000 USD
CY2012Q2 scs Weighted Average Common Shares Outstanding Including Participating Securities In Millions
WeightedAverageCommonSharesOutstandingIncludingParticipatingSecuritiesInMillions
128800000 shares
CY2013Q2 scs Weighted Average Common Shares Outstanding Including Participating Securities In Millions
WeightedAverageCommonSharesOutstandingIncludingParticipatingSecuritiesInMillions
126500000 shares
CY2013Q2 dei Amendment Flag
AmendmentFlag
false
CY2013Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
CY2013Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2013Q2 dei Document Period End Date
DocumentPeriodEndDate
2013-05-24
CY2013Q2 dei Document Type
DocumentType
10-Q
CY2013Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001050825
CY2013Q2 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Registrant Name
EntityRegistrantName
STEELCASE INC
CY2013Q2 dei Trading Symbol
TradingSymbol
SCS

Files In Submission

Name View Source Status
0001050825-13-000111-index-headers.html Edgar Link pending
0001050825-13-000111-index.html Edgar Link pending
0001050825-13-000111.txt Edgar Link pending
0001050825-13-000111-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
scs-05242013x10q.htm Edgar Link pending
scs-05242013xex101.htm Edgar Link pending
scs-05242013xex311.htm Edgar Link pending
scs-05242013xex312.htm Edgar Link pending
scs-05242013xex321.htm Edgar Link pending
scs-20130524.xml Edgar Link completed
scs-20130524.xsd Edgar Link pending
scs-20130524_cal.xml Edgar Link unprocessable
scs-20130524_def.xml Edgar Link unprocessable
scs-20130524_lab.xml Edgar Link unprocessable
scs-20130524_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending