$SGMA
SIGMATRON INTERNATIONAL INC

2013 Q3 Form 10-Q Financial Statement

#000119312513364896 Filed on September 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $56.17M $47.63M
YoY Change 17.92% 22.47%
Cost Of Revenue $49.88M $42.92M
YoY Change 16.2% 21.42%
Gross Profit $6.288M $4.706M
YoY Change 33.63% 32.93%
Gross Profit Margin 11.2% 9.88%
Selling, General & Admin $4.856M $4.665M
YoY Change 4.08% 60.32%
% of Gross Profit 77.21% 99.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.172M $1.189M
YoY Change -1.44% 16.59%
% of Gross Profit 18.64% 25.27%
Operating Expenses $4.856M $4.665M
YoY Change 4.08% 60.32%
Operating Profit $1.433M $40.49K
YoY Change 3438.51% -93.57%
Interest Expense $214.0K $188.3K
YoY Change 13.6% -169.75%
% of Operating Profit 14.93% 465.11%
Other Income/Expense, Net $21.45K $0.00
YoY Change -100.0%
Pretax Income $1.240M -$147.8K
YoY Change -938.95% -138.65%
Income Tax $272.9K -$54.70K
% Of Pretax Income 22.0%
Net Earnings $967.5K -$93.14K
YoY Change -1138.68% -138.66%
Net Earnings / Revenue 1.72% -0.2%
Basic Earnings Per Share $0.24 -$0.02
Diluted Earnings Per Share $0.24 -$0.02
COMMON SHARES
Basic Shares Outstanding 3.961M shares 3.922M shares
Diluted Shares Outstanding 4.011M shares 3.922M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.800M $5.500M
YoY Change -49.09% 66.67%
Cash & Equivalents $2.798M $5.453M
Short-Term Investments
Other Short-Term Assets $3.200M $3.500M
YoY Change -8.57% 45.83%
Inventory $52.44M $46.90M
Prepaid Expenses
Receivables $19.52M $19.80M
Other Receivables $500.0K $1.100M
Total Short-Term Assets $78.45M $76.80M
YoY Change 2.15% -3.15%
LONG-TERM ASSETS
Property, Plant & Equipment $32.29M $25.40M
YoY Change 27.14% -3.42%
Goodwill $3.223M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $800.0K $800.0K
YoY Change 0.0% 14.29%
Total Long-Term Assets $42.18M $35.90M
YoY Change 17.48% 32.47%
TOTAL ASSETS
Total Short-Term Assets $78.45M $76.80M
Total Long-Term Assets $42.18M $35.90M
Total Assets $120.6M $112.7M
YoY Change 7.03% 5.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.70M $24.70M
YoY Change 32.39% 32.8%
Accrued Expenses $2.556M $5.600M
YoY Change -54.36% 55.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $100.0K $300.0K
YoY Change -66.67% -66.67%
Total Short-Term Liabilities $39.57M $30.90M
YoY Change 28.06% 23.11%
LONG-TERM LIABILITIES
Long-Term Debt $21.31M $24.20M
YoY Change -11.93% -12.95%
Other Long-Term Liabilities $479.3K $2.900M
YoY Change -83.47% 314.29%
Total Long-Term Liabilities $28.07M $27.10M
YoY Change 3.58% -4.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.57M $30.90M
Total Long-Term Liabilities $28.07M $27.10M
Total Liabilities $67.64M $61.50M
YoY Change 9.98% 9.04%
SHAREHOLDERS EQUITY
Retained Earnings $32.55M
YoY Change
Common Stock $20.44M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $52.99M $51.20M
YoY Change
Total Liabilities & Shareholders Equity $120.6M $112.7M
YoY Change 7.03% 5.92%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $967.5K -$93.14K
YoY Change -1138.68% -138.66%
Depreciation, Depletion And Amortization $1.172M $1.189M
YoY Change -1.44% 16.59%
Cash From Operating Activities $2.375M -$4.741M
YoY Change -150.1% 18.23%
INVESTING ACTIVITIES
Capital Expenditures -$4.900M -$770.0K
YoY Change 536.36% -31.25%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.140M
YoY Change -100.0%
Cash From Investing Activities -$4.900M $371.2K
YoY Change -1420.25% -133.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 714.8K 5.154M
YoY Change -86.13% 20.71%
NET CHANGE
Cash From Operating Activities 2.375M -4.741M
Cash From Investing Activities -4.900M 371.2K
Cash From Financing Activities 714.8K 5.154M
Net Change In Cash -1.810M 784.3K
YoY Change -330.8% -191.2%
FREE CASH FLOW
Cash From Operating Activities $2.375M -$4.741M
Capital Expenditures -$4.900M -$770.0K
Free Cash Flow $7.275M -$3.971M
YoY Change -283.2% 37.41%

Facts In Submission

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CY2013Q3 dei Trading Symbol
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SGMA
CY2013Q3 dei Entity Registrant Name
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SIGMATRON INTERNATIONAL INC
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Smaller Reporting Company
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10-Q
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CY2013Q3 us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
The Company was in violation of certain of its financial covenants at July 31, 2012 and received a waiver for the financial covenant violations.
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
49769 shares
CY2013Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2375341
CY2013Q3 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Management Estimates and Uncertainties</i> - The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#x201C;U.S. 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. Significant estimates made in preparing the consolidated financial statements include depreciation and amortization periods, the allowance for doubtful accounts, reserves for inventory and valuation of long-lived assets. Actual results could materially differ from these estimates.</font></p> </div>
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
25000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3961232 shares
CY2013Q3 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-228026
CY2013Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1675
CY2013Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4200
CY2013Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
56166061
CY2013Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
24999
CY2013Q3 us-gaap Interest Paid
InterestPaid
195873
CY2013Q3 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
4900370
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1240339
CY2013Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
99385
CY2013Q3 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
56440
CY2013Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-474201
CY2013Q3 us-gaap Gross Profit
GrossProfit
6288408
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1432850
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
21449
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
967464
CY2013Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1797940
CY2013Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
49877653
CY2013Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-45011
CY2013Q3 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
CY2013Q3 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
21091
CY2013Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
5236
CY2013Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
714835
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
29292
CY2013Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1810194
CY2013Q3 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1365181
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4855558
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
272875
CY2013Q3 us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
33066
CY2013Q3 us-gaap Interest Expense
InterestExpense
213960
CY2013Q3 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
159999
CY2013Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1172137
CY2013Q3 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
763208
CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
87246
CY2013Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4900370
CY2013Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-33872
CY2013Q3 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
29300
CY2013Q3 sgma Indefinite Lived Intangible Asset Useful Life
IndefiniteLivedIntangibleAssetUsefulLife
Indefinite
CY2013Q3 sgma Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Period
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductiblePeriod
P15Y
CY2013Q3 sgma Product Warranty Period
ProductWarrantyPeriod
P90D

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