$SMID
SMITH MIDLAND CORP

2011 Q2 Form 10-Q Financial Statement

#000144530511002523 Filed on August 15, 2011

View on sec.gov

Income Statement

Concept 2011 Q2 2010 Q2
Revenue $7.145M $7.692M
YoY Change -7.11% 1.2%
Cost Of Revenue $5.393M $5.563M
YoY Change -3.07% 13.31%
Gross Profit $1.752M $2.128M
YoY Change -17.66% -20.89%
Gross Profit Margin 24.53% 27.67%
Selling, General & Admin $1.360M $1.255M
YoY Change 8.35% -13.44%
% of Gross Profit 77.61% 58.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $170.0K $190.0K
YoY Change -10.53% 11.76%
% of Gross Profit 9.7% 8.93%
Operating Expenses $1.360M $1.255M
YoY Change 8.35% -13.44%
Operating Profit $433.4K $873.0K
YoY Change -50.36% -29.6%
Interest Expense $37.54K $46.05K
YoY Change -18.47% -176.75%
% of Operating Profit 8.66% 5.27%
Other Income/Expense, Net $20.00K $0.00
YoY Change
Pretax Income $399.5K $832.2K
YoY Change -51.99% -30.07%
Income Tax $145.0K $321.0K
% Of Pretax Income 36.29% 38.57%
Net Earnings $254.5K $511.2K
YoY Change -50.21% -26.97%
Net Earnings / Revenue 3.56% 6.65%
Basic Earnings Per Share $0.05 $0.11
Diluted Earnings Per Share $0.05 $0.11
COMMON SHARES
Basic Shares Outstanding 4.797M shares 4.703M shares
Diluted Shares Outstanding 4.885M shares 4.787M shares

Balance Sheet

Concept 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.550M $670.0K
YoY Change 429.85% -70.35%
Cash & Equivalents $3.552M $668.1K
Short-Term Investments
Other Short-Term Assets $580.0K $620.0K
YoY Change -6.45% 21.57%
Inventory $2.480M $1.870M
Prepaid Expenses
Receivables $6.060M $8.430M
Other Receivables $70.00K $0.00
Total Short-Term Assets $13.26M $11.58M
YoY Change 14.48% 9.35%
LONG-TERM ASSETS
Property, Plant & Equipment $4.548M $4.600M
YoY Change -1.14% 7.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $198.4K $120.0K
YoY Change 65.34% -25.0%
Total Long-Term Assets $4.746M $4.720M
YoY Change 0.55% 6.31%
TOTAL ASSETS
Total Short-Term Assets $13.26M $11.58M
Total Long-Term Assets $4.746M $4.720M
Total Assets $18.00M $16.30M
YoY Change 10.45% 8.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.406M $1.420M
YoY Change -0.97% 6.77%
Accrued Expenses $798.1K $760.0K
YoY Change 5.02% 15.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $450.0K $460.0K
YoY Change -2.17% -4.17%
Total Short-Term Liabilities $2.675M $3.510M
YoY Change -23.78% 9.35%
LONG-TERM LIABILITIES
Long-Term Debt $3.150M $2.930M
YoY Change 7.51% -9.29%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.150M $2.930M
YoY Change 7.51% -9.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.675M $3.510M
Total Long-Term Liabilities $3.150M $2.930M
Total Liabilities $6.479M $6.780M
YoY Change -4.44% 0.15%
SHAREHOLDERS EQUITY
Retained Earnings $6.583M
YoY Change
Common Stock $48.26K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $102.3K
YoY Change
Treasury Stock Shares 40.92K shares
Shareholders Equity $11.52M $9.520M
YoY Change
Total Liabilities & Shareholders Equity $18.00M $16.30M
YoY Change 10.45% 8.45%

Cashflow Statement

Concept 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income $254.5K $511.2K
YoY Change -50.21% -26.97%
Depreciation, Depletion And Amortization $170.0K $190.0K
YoY Change -10.53% 11.76%
Cash From Operating Activities $920.0K -$470.0K
YoY Change -295.74% -123.04%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K -$360.0K
YoY Change -83.33% 38.46%
Acquisitions
YoY Change
Other Investing Activities $20.00K $10.00K
YoY Change 100.0%
Cash From Investing Activities -$40.00K -$360.0K
YoY Change -88.89% 38.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 590.0K -110.0K
YoY Change -636.36% -89.0%
NET CHANGE
Cash From Operating Activities 920.0K -470.0K
Cash From Investing Activities -40.00K -360.0K
Cash From Financing Activities 590.0K -110.0K
Net Change In Cash 1.470M -940.0K
YoY Change -256.38% -220.51%
FREE CASH FLOW
Cash From Operating Activities $920.0K -$470.0K
Capital Expenditures -$60.00K -$360.0K
Free Cash Flow $980.0K -$110.0K
YoY Change -990.91% -104.78%

Facts In Submission

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CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000924719
CY2011Q3 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
0001445305-11-002523-index-headers.html Edgar Link pending
0001445305-11-002523-index.html Edgar Link pending
0001445305-11-002523.txt Edgar Link pending
0001445305-11-002523-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-20110630.xml Edgar Link completed
smid-20110630.xsd Edgar Link pending
smid-20110630_cal.xml Edgar Link unprocessable
smid-20110630_def.xml Edgar Link unprocessable
smid-20110630_lab.xml Edgar Link unprocessable
smid-20110630_pre.xml Edgar Link unprocessable
smid-2011630x10q.htm Edgar Link pending
smid-2011630xex311.htm Edgar Link pending
smid-2011630xex312.htm Edgar Link pending
smid-2011630xex321.htm Edgar Link pending