$SIF
SIFCO INDUSTRIES INC

2018 Q2 Form 10-Q Financial Statement

#000009016818000021 Filed on August 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $28.68M $30.17M
YoY Change -4.93% -2.7%
Cost Of Revenue $25.40M $26.60M
YoY Change -4.5% -5.03%
Gross Profit $3.279M $3.568M
YoY Change -8.1% 19.13%
Gross Profit Margin 11.43% 11.83%
Selling, General & Admin $3.864M $3.918M
YoY Change -1.38% -5.75%
% of Gross Profit 117.84% 109.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.160M $2.590M
YoY Change -16.6% -2.26%
% of Gross Profit 65.87% 72.59%
Operating Expenses $3.864M $3.918M
YoY Change -1.38% -5.75%
Operating Profit -$1.369M -$5.298M
YoY Change -74.16% 195.15%
Interest Expense $417.0K $464.0K
YoY Change -10.13% 8.41%
% of Operating Profit
Other Income/Expense, Net $4.000K $110.0K
YoY Change -96.36% 2.8%
Pretax Income -$1.750M -$5.634M
YoY Change -68.94% 168.41%
Income Tax -$218.0K $568.0K
% Of Pretax Income
Net Earnings -$1.532M -$6.202M
YoY Change -75.3% 490.67%
Net Earnings / Revenue -5.34% -20.56%
Basic Earnings Per Share -$0.28 -$1.13
Diluted Earnings Per Share -$0.28 -$1.13
COMMON SHARES
Basic Shares Outstanding 5.535M shares 5.499M shares
Diluted Shares Outstanding 5.535M shares 5.499M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.700M $1.100M
YoY Change 54.55% 37.5%
Cash & Equivalents $1.675M $1.099M
Short-Term Investments
Other Short-Term Assets $2.600M $3.300M
YoY Change -21.21% -29.79%
Inventory $21.03M $23.80M
Prepaid Expenses
Receivables $25.10M $26.40M
Other Receivables $100.0K $300.0K
Total Short-Term Assets $50.53M $54.93M
YoY Change -8.01% -17.65%
LONG-TERM ASSETS
Property, Plant & Equipment $36.29M $42.22M
YoY Change -14.06% -16.1%
Goodwill $12.08M $11.87M
YoY Change 1.73% -24.81%
Intangibles $5.512M $7.131M
YoY Change -22.7% -39.13%
Long-Term Investments
YoY Change
Other Assets $170.0K $284.0K
YoY Change -40.14% -37.03%
Total Long-Term Assets $54.05M $61.51M
YoY Change -12.13% -21.42%
TOTAL ASSETS
Total Short-Term Assets $50.53M $54.93M
Total Long-Term Assets $54.05M $61.51M
Total Assets $104.6M $116.4M
YoY Change -10.19% -19.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.39M $14.05M
YoY Change 2.43% -14.07%
Accrued Expenses $5.854M $5.325M
YoY Change 9.93% -32.01%
Deferred Revenue
YoY Change
Short-Term Debt $19.49M $20.39M
YoY Change -4.39%
Long-Term Debt Due $6.071M $7.545M
YoY Change -19.54% -20.64%
Total Short-Term Liabilities $45.81M $47.31M
YoY Change -3.17% 40.43%
LONG-TERM LIABILITIES
Long-Term Debt $4.267M $6.241M
YoY Change -31.63% -79.13%
Other Long-Term Liabilities $94.00K $458.0K
YoY Change -79.48% -4.78%
Total Long-Term Liabilities $4.361M $6.699M
YoY Change -34.9% -77.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.81M $47.31M
Total Long-Term Liabilities $4.361M $6.699M
Total Liabilities $50.17M $54.00M
YoY Change -7.1% -15.71%
SHAREHOLDERS EQUITY
Retained Earnings $39.79M $48.01M
YoY Change -17.13% -27.11%
Common Stock $5.691M $5.596M
YoY Change 1.7% 1.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $46.36M $51.38M
YoY Change
Total Liabilities & Shareholders Equity $104.6M $116.4M
YoY Change -10.19% -19.69%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$1.532M -$6.202M
YoY Change -75.3% 490.67%
Depreciation, Depletion And Amortization $2.160M $2.590M
YoY Change -16.6% -2.26%
Cash From Operating Activities -$730.0K $2.410M
YoY Change -130.29% -734.21%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$640.0K
YoY Change -65.63% -24.71%
Acquisitions
YoY Change
Other Investing Activities $0.00 $20.00K
YoY Change -100.0% -92.59%
Cash From Investing Activities -$210.0K -$610.0K
YoY Change -65.57% 5.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.790M -2.050M
YoY Change -187.32% -341.18%
NET CHANGE
Cash From Operating Activities -730.0K 2.410M
Cash From Investing Activities -210.0K -610.0K
Cash From Financing Activities 1.790M -2.050M
Net Change In Cash 850.0K -250.0K
YoY Change -440.0% 127.27%
FREE CASH FLOW
Cash From Operating Activities -$730.0K $2.410M
Capital Expenditures -$220.0K -$640.0K
Free Cash Flow -$510.0K $3.050M
YoY Change -116.72% 548.94%

Facts In Submission

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8373000 USD
CY2017Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
12000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
42000 USD
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
0 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
29000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
110887000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
104578000 USD
CY2017Q3 us-gaap Liabilities Current
LiabilitiesCurrent
45725000 USD
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
45807000 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
5151000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4267000 USD
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
26117000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
25563000 USD
CY2017Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
7560000 USD
CY2018Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
6071000 USD
CY2017Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5151000 USD
CY2018Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4267000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5522000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1607000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1528000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1247000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7677000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
657000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-6202000 USD
us-gaap Net Income Loss
NetIncomeLoss
-10467000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-1532000 USD
us-gaap Net Income Loss
NetIncomeLoss
-4481000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5298000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-8328000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1369000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-4174000 USD
CY2017Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
261000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
170000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
30000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
19000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1132000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
329000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1048000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-217000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-665000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
94000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-161000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-483000 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
430000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
400000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-2649000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-4744000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
498000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
100000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1598000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1776000 USD
CY2017Q3 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.38
CY2018Q2 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.55
CY2017Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1644000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1942000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1218000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
63628000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
55907000 USD
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
523000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
70000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
3023000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39508000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36285000 USD
CY2017Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
25894000 USD
CY2018Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
25114000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
55992000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
54971000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
13659000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2586000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1650000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
5819000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
44267000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
39786000 USD
CY2017Q2 us-gaap Revenues
Revenues
30167000 USD
us-gaap Revenues
Revenues
92942000 USD
CY2018Q2 us-gaap Revenues
Revenues
28681000 USD
us-gaap Revenues
Revenues
80726000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3918000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13617000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3864000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11796000 USD
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
18557000 USD
CY2018Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
19492000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
50131000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
46362000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5499000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5480000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5535000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5524000 shares
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5499000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5480000 shares
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5535000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5524000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5499000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5480000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5535000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5524000 shares

Files In Submission

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0000090168-18-000021-index-headers.html Edgar Link pending
0000090168-18-000021-index.html Edgar Link pending
0000090168-18-000021.txt Edgar Link pending
0000090168-18-000021-xbrl.zip Edgar Link pending
exhibit1012sifcocreditagre.htm Edgar Link pending
exhibit3112018q3.htm Edgar Link pending
exhibit3122018q3.htm Edgar Link pending
exhibit3212018q3.htm Edgar Link pending
exhibit3222018q3.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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sif-20180630.xml Edgar Link completed
sif-20180630.xsd Edgar Link pending
sif-20180630_cal.xml Edgar Link unprocessable
sif-20180630_def.xml Edgar Link unprocessable
sif-20180630_lab.xml Edgar Link unprocessable
sif-20180630_pre.xml Edgar Link unprocessable
sif0630201810q2018.htm Edgar Link pending
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