2011 Q4 Form 10-Q Financial Statement

#000110465911056969 Filed on October 20, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q3
Revenue $46.59M $50.24M
YoY Change -7.27%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.600M $6.100M $6.900M
YoY Change -7.14% -11.59% -1.43%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $9.960M $13.06M
YoY Change -23.72%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $17.20M $18.45M $16.55M
YoY Change -5.49% 11.49% 78.69%
Income Tax $6.020M $6.908M $5.344M
% Of Pretax Income 35.0% 37.45% 32.3%
Net Earnings $11.18M $11.54M $11.20M
YoY Change -11.06% 3.04% 66.42%
Net Earnings / Revenue 24.77% 22.29%
Basic Earnings Per Share $0.47 $0.39
Diluted Earnings Per Share $419.5K $0.47 $0.39
COMMON SHARES
Basic Shares Outstanding 24.21M shares 24.21M shares 24.25M shares
Diluted Shares Outstanding 24.22M shares 24.25M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $114.3M $83.05M $138.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $39.86M $116.1M $120.6M
YoY Change 17.64% -3.73% -7.3%
Goodwill $83.33M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.374B $4.306B $4.532B
YoY Change -1.6% -4.99% 2.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $77.90M $73.80M $72.90M
YoY Change 18.57% 1.23% -16.59%
Deferred Revenue
YoY Change
Short-Term Debt $125.2M $140.9M $172.2M
YoY Change -19.72% -18.18% 11.1%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $77.90M $73.80M $72.90M
YoY Change 18.57% 1.23% -16.59%
LONG-TERM LIABILITIES
Long-Term Debt $126.8M $126.8M $124.7M
YoY Change 10.74% 1.68% 13.67%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $126.8M $126.8M $124.7M
YoY Change 10.74% 1.68% 13.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $77.90M $73.80M $72.90M
Total Long-Term Liabilities $126.8M $126.8M $124.7M
Total Liabilities $3.850B $3.789B $3.936B
YoY Change -2.75% -3.73% 2.53%
SHAREHOLDERS EQUITY
Retained Earnings $190.3M
YoY Change 20.51%
Common Stock $346.5M
YoY Change -1.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.39M
YoY Change -2.77%
Treasury Stock Shares 1.429M shares
Shareholders Equity $523.9M $516.9M $596.3M
YoY Change
Total Liabilities & Shareholders Equity $4.374B $4.306B $4.532B
YoY Change -1.6% -5.0% 2.7%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income $11.18M $11.54M $11.20M
YoY Change -11.06% 3.04% 66.42%
Depreciation, Depletion And Amortization $2.600M $6.100M $6.900M
YoY Change -7.14% -11.59% -1.43%
Cash From Operating Activities $37.00M $9.500M -$33.00M
YoY Change -71.6% -128.79% -125.8%
INVESTING ACTIVITIES
Capital Expenditures $300.0K -$7.600M $1.200M
YoY Change -25.0% -733.33% -111.65%
Acquisitions
YoY Change
Other Investing Activities -$58.90M $90.70M $78.00M
YoY Change -31.27% 16.28% 271.43%
Cash From Investing Activities -$58.60M $83.00M $79.20M
YoY Change -31.22% 4.8% 640.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.80M -68.80M -14.30M
YoY Change -160.97% 381.12% -90.66%
NET CHANGE
Cash From Operating Activities 37.00M 9.500M -33.00M
Cash From Investing Activities -58.60M 83.00M 79.20M
Cash From Financing Activities 52.80M -68.80M -14.30M
Net Change In Cash 31.20M 23.70M 31.90M
YoY Change -175.18% -25.71% -320.0%
FREE CASH FLOW
Cash From Operating Activities $37.00M $9.500M -$33.00M
Capital Expenditures $300.0K -$7.600M $1.200M
Free Cash Flow $36.70M $17.10M -$34.20M
YoY Change -71.75% -150.0% -124.75%

Facts In Submission

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ProvisionForLoanAndLeaseLosses
5578000 USD
CY2010Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
37184000 USD
CY2010Q3 us-gaap Interest Expense
InterestExpense
13057000 USD
CY2010Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
2656000 USD
CY2010Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
6495000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96
CY2010Q3 srce Interest Expense Long Term Debt And Mandatorily Redeemable Securities
InterestExpenseLongTermDebtAndMandatorilyRedeemableSecurities
400000 USD
CY2010Q3 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
219000 USD
CY2010Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
10790000 USD
CY2010Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
50241000 USD
CY2010Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
219000 USD
CY2010Q3 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
1369000 USD

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0001104659-11-056969.txt Edgar Link pending
0001104659-11-056969-xbrl.zip Edgar Link pending
a11-24667_110q.htm Edgar Link pending
a11-24667_1ex31d1.htm Edgar Link pending
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srce-20110930.xml Edgar Link completed
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srce-20110930_pre.xml Edgar Link unprocessable