$SGMA
SIGMATRON INTERNATIONAL INC

2018 Q4 Form 10-Q Financial Statement

#000091535818000022 Filed on December 12, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4
Revenue $77.00M $72.96M
YoY Change 5.54% 10.28%
Cost Of Revenue $70.31M $65.86M
YoY Change 6.76% 9.14%
Gross Profit $6.694M $7.104M
YoY Change -5.76% 22.08%
Gross Profit Margin 8.69% 9.74%
Selling, General & Admin $5.817M $5.642M
YoY Change 3.1% 1.48%
% of Gross Profit 86.9% 79.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.350M $1.390M
YoY Change -2.88% 1.46%
% of Gross Profit 20.17% 19.57%
Operating Expenses $5.817M $5.642M
YoY Change 3.1% 1.48%
Operating Profit $876.9K $1.461M
YoY Change -39.99% 464.93%
Interest Expense $602.9K $345.7K
YoY Change 74.41% -223.45%
% of Operating Profit 68.75% 23.65%
Other Income/Expense, Net $128.0K $35.82K
YoY Change 257.33% -10.46%
Pretax Income $402.1K $1.151M
YoY Change -65.08% 4226.17%
Income Tax $1.126M $415.3K
% Of Pretax Income 280.06% 36.07%
Net Earnings -$723.9K $736.1K
YoY Change -198.35% 2353.72%
Net Earnings / Revenue -0.94% 1.01%
Basic Earnings Per Share -$0.18 $0.17
Diluted Earnings Per Share -$0.17 $0.17
COMMON SHARES
Basic Shares Outstanding 4.230M 4.201M
Diluted Shares Outstanding 4.230M 4.327M

Balance Sheet

Concept 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.700M $2.400M
YoY Change -29.17% -27.27%
Cash & Equivalents $1.729M $2.444M
Short-Term Investments
Other Short-Term Assets $1.700M $1.700M
YoY Change 0.0% -10.53%
Inventory $89.40M $81.00M
Prepaid Expenses
Receivables $33.95M $26.60M
Other Receivables $1.627M $3.100M
Total Short-Term Assets $130.0M $114.8M
YoY Change 13.27% 16.08%
LONG-TERM ASSETS
Property, Plant & Equipment $34.41M $35.80M
YoY Change -3.89% 6.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.679M $1.700M
YoY Change -1.21% 54.55%
Total Long-Term Assets $39.50M $44.70M
YoY Change -11.63% 5.42%
TOTAL ASSETS
Total Short-Term Assets $130.0M $114.8M
Total Long-Term Assets $39.50M $44.70M
Total Assets $169.5M $159.5M
YoY Change 6.29% 12.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.70M $45.50M
YoY Change 15.82% 18.8%
Accrued Expenses $2.076M $7.000M
YoY Change -70.35% 7.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.237M $3.700M
YoY Change -66.56% 117.65%
Total Short-Term Liabilities $63.68M $57.00M
YoY Change 11.71% 21.02%
LONG-TERM LIABILITIES
Long-Term Debt $42.97M $36.40M
YoY Change 18.05% 20.53%
Other Long-Term Liabilities $1.111M $1.600M
YoY Change -30.55% -27.27%
Total Long-Term Liabilities $48.18M $38.00M
YoY Change 26.78% 17.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $63.68M $57.00M
Total Long-Term Liabilities $48.18M $38.00M
Total Liabilities $111.9M $96.30M
YoY Change 16.15% 19.04%
SHAREHOLDERS EQUITY
Retained Earnings $34.39M
YoY Change
Common Stock $23.29M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $57.68M $63.10M
YoY Change
Total Liabilities & Shareholders Equity $169.5M $159.5M
YoY Change 6.29% 12.88%

Cashflow Statement

Concept 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income -$723.9K $736.1K
YoY Change -198.35% 2353.72%
Depreciation, Depletion And Amortization $1.350M $1.390M
YoY Change -2.88% 1.46%
Cash From Operating Activities -$450.0K -$3.210M
YoY Change -85.98% -683.64%
INVESTING ACTIVITIES
Capital Expenditures -$820.0K $590.0K
YoY Change -238.98% -189.39%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$820.0K $590.0K
YoY Change -238.98% -189.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.190M 3.100M
YoY Change -61.61% -536.62%
NET CHANGE
Cash From Operating Activities -450.0K -3.210M
Cash From Investing Activities -820.0K 590.0K
Cash From Financing Activities 1.190M 3.100M
Net Change In Cash -80.00K 480.0K
YoY Change -116.67% -158.54%
FREE CASH FLOW
Cash From Operating Activities -$450.0K -$3.210M
Capital Expenditures -$820.0K $590.0K
Free Cash Flow $370.0K -$3.800M
YoY Change -109.74% -414.05%

Facts In Submission

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OtherLiabilitiesNoncurrent
1111223
CY2018Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1135810
CY2018Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1626866
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
14632
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
24197
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
3232111
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
1528211
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1948748
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1723085
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
63402
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
42940
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
9298262
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10690386
CY2018 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
350000
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
35288997
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
34407753
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3675691
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3785780
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
966579
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1246334
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
82500
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
140000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
315000
us-gaap Restricted Stock Expense
RestrictedStockExpense
116300
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
35636038
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
34385490
us-gaap Revenues
Revenues
144183367
CY2017Q4 us-gaap Revenues
Revenues
72959074
us-gaap Revenues
Revenues
148415148
CY2018Q4 us-gaap Revenues
Revenues
77001091
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11554419
CY2017Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5642273
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11751271
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5817155
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
359763
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
347318
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
58809951
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
57675703
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
83659
CY2017Q2 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
78100
us-gaap Use Of Estimates
UseOfEstimates
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 11pt"> <font style="display: inline;font-style:italic;font-size:11pt;">Management Estimates and Uncertainties </font><font style="display: inline;font-size:11pt;">- &nbsp;</font><font style="display: inline;color:#000000;font-size:11pt;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#x201C;GAAP&#x201D;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp;&nbsp;Significant estimates made in preparing the consolidated financial statements include depreciation and amortization periods, the allowance for doubtful accounts, reserves for inventory, lower of cost or market adjustment for inventory, contingent consideration, deferred taxes, uncertain tax positions, valuation allowance for deferred taxes and valuation of long-lived assets.&nbsp;&nbsp;Actual results could materially differ from these estimates.</font> </p> <p><font size="1"> </font></p> </div> </div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4302977
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4326854
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4226833
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4230008
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4198714
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4201442
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4226833
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4230008

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