$SMID
SMITH MIDLAND CORP

2011 Q4 Form 10-Q Financial Statement

#000092471911000008 Filed on November 14, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q4
Revenue $5.800M $6.134M $8.670M
YoY Change -33.1% -31.81% 65.77%
Cost Of Revenue $5.200M $5.479M $6.580M
YoY Change -20.97% -11.19% 57.04%
Gross Profit $600.0K $655.4K $2.090M
YoY Change -71.29% -76.81% 100.96%
Gross Profit Margin 10.34% 10.68% 24.11%
Selling, General & Admin $1.260M $1.267M $1.390M
YoY Change -9.35% -7.41% -6.71%
% of Gross Profit 210.0% 193.28% 66.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $170.0K $180.0K $190.0K
YoY Change -10.53% -5.26% 5.56%
% of Gross Profit 28.33% 27.46% 9.09%
Operating Expenses $1.260M $1.267M $1.390M
YoY Change -9.35% -7.41% -6.71%
Operating Profit -$660.0K -$596.5K $700.0K
YoY Change -194.29% -140.9% -255.56%
Interest Expense -$30.00K $36.96K -$20.00K
YoY Change 50.0% -3.0% -33.33%
% of Operating Profit -2.86%
Other Income/Expense, Net $80.00K $10.00K $50.00K
YoY Change 60.0%
Pretax Income -$550.0K -$630.9K $730.0K
YoY Change -175.34% -144.29% -252.08%
Income Tax -$220.0K -$161.0K $230.0K
% Of Pretax Income 31.51%
Net Earnings -$320.0K -$469.9K $500.0K
YoY Change -164.0% -152.12% -256.25%
Net Earnings / Revenue -5.52% -7.66% 5.77%
Basic Earnings Per Share -$0.10
Diluted Earnings Per Share -$66.25K -$0.10 $103.7K
COMMON SHARES
Basic Shares Outstanding 4.785M shares 4.826M shares
Diluted Shares Outstanding 4.826M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.130M $2.180M $2.570M
YoY Change -17.12% 36.25% -12.29%
Cash & Equivalents $2.131M $2.175M $2.573M
Short-Term Investments
Other Short-Term Assets $680.0K $540.0K $500.0K
YoY Change 36.0% -8.47% -3.85%
Inventory $1.940M $2.250M $1.840M
Prepaid Expenses
Receivables $7.191M $7.355M $7.519M
Other Receivables $720.0K $300.0K $300.0K
Total Short-Term Assets $12.70M $12.90M $13.38M
YoY Change -5.12% -0.43% 21.24%
LONG-TERM ASSETS
Property, Plant & Equipment $4.616M $4.407M $4.604M
YoY Change 0.26% -5.03% 10.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $212.4K $178.1K $134.1K
YoY Change 58.39% 48.39% 3.17%
Total Long-Term Assets $4.828M $4.585M $4.738M
YoY Change 1.9% -3.68% 9.93%
TOTAL ASSETS
Total Short-Term Assets $12.70M $12.90M $13.38M
Total Long-Term Assets $4.828M $4.585M $4.738M
Total Assets $17.53M $17.49M $18.12M
YoY Change -3.28% -1.3% 18.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $854.2K $902.9K $1.314M
YoY Change -35.0% -31.08% 8.6%
Accrued Expenses $785.4K $817.9K $1.738M
YoY Change -54.82% -48.88% 64.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $410.0K $430.0K $410.0K
YoY Change 0.0% -17.31% -14.58%
Total Short-Term Liabilities $2.983M $2.715M $3.642M
YoY Change -18.08% -30.73% 5.56%
LONG-TERM LIABILITIES
Long-Term Debt $2.990M $3.060M $2.810M
YoY Change 6.41% 8.51% -8.77%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.990M $3.060M $2.810M
YoY Change 6.41% 8.51% -8.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.983M $2.715M $3.642M
Total Long-Term Liabilities $2.990M $3.060M $2.810M
Total Liabilities $6.798M $6.435M $7.164M
YoY Change -5.1% -11.6% 4.27%
SHAREHOLDERS EQUITY
Retained Earnings $5.788M $6.113M $6.140M
YoY Change -5.73%
Common Stock $48.26K $48.26K $47.04K
YoY Change 2.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $102.3K $102.3K $102.3K
YoY Change 0.0%
Treasury Stock Shares 40.92K shares 40.92K shares 40.92K shares
Shareholders Equity $10.73M $11.05M $10.96M
YoY Change
Total Liabilities & Shareholders Equity $17.53M $17.49M $18.12M
YoY Change -3.28% -1.3% 18.06%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q4
OPERATING ACTIVITIES
Net Income -$320.0K -$469.9K $500.0K
YoY Change -164.0% -152.12% -256.25%
Depreciation, Depletion And Amortization $170.0K $180.0K $190.0K
YoY Change -10.53% -5.26% 5.56%
Cash From Operating Activities $370.0K -$1.230M $1.230M
YoY Change -69.92% -201.65% 141.18%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K -$40.00K -$160.0K
YoY Change 150.0% -81.82% 100.0%
Acquisitions
YoY Change
Other Investing Activities $80.00K $0.00 $10.00K
YoY Change 700.0%
Cash From Investing Activities -$320.0K -$40.00K -$160.0K
YoY Change 100.0% -81.82% 128.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -90.00K -110.0K -110.0K
YoY Change -18.18% 120.0% 450.0%
NET CHANGE
Cash From Operating Activities 370.0K -1.230M 1.230M
Cash From Investing Activities -320.0K -40.00K -160.0K
Cash From Financing Activities -90.00K -110.0K -110.0K
Net Change In Cash -40.00K -1.380M 960.0K
YoY Change -104.17% -246.81% 128.57%
FREE CASH FLOW
Cash From Operating Activities $370.0K -$1.230M $1.230M
Capital Expenditures -$400.0K -$40.00K -$160.0K
Free Cash Flow $770.0K -$1.190M $1.390M
YoY Change -44.6% -183.22% 135.59%

Facts In Submission

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smid Total Other Expense
TotalOtherExpense
10879 USD
CY2010Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
40920 shares
CY2011Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
40920 shares
CY2011Q3 us-gaap Treasury Stock Value
TreasuryStockValue
102300 USD
CY2010Q4 us-gaap Treasury Stock Value
TreasuryStockValue
102300 USD
CY2010Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4792796 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4826182 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4778441 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4802516 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4826182 shares
CY2010Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4702882 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4702882 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4778441 shares
CY2011Q3 smid Products Sales And Leasing
ProductsSalesAndLeasing
4871117 USD
CY2011Q3 smid Trade Unbilled
TradeUnbilled
270075 USD
CY2010Q4 smid Trade Unbilled
TradeUnbilled
653814 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000924719
CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
4785262 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
SMITH MIDLAND CORP
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0000924719-11-000008-index-headers.html Edgar Link pending
0000924719-11-000008-index.html Edgar Link pending
0000924719-11-000008.txt Edgar Link pending
0000924719-11-000008-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
smid-20110930.xml Edgar Link completed
smid-20110930.xsd Edgar Link pending
smid-20110930_cal.xml Edgar Link unprocessable
smid-20110930_def.xml Edgar Link unprocessable
smid-20110930_lab.xml Edgar Link unprocessable
smid-20110930_pre.xml Edgar Link unprocessable
smid-2011930x10q.htm Edgar Link pending
smid-2011930xex311.htm Edgar Link pending
smid-2011930xex312.htm Edgar Link pending
smid-2011930xex321.htm Edgar Link pending