$SRDX
SURMODICS INC

2015 Q3 Form 10-Q Financial Statement

#000119312515280668 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q3
Revenue $17.36M $15.91M $15.34M
YoY Change 13.22% 8.88% 7.27%
Cost Of Revenue $2.590M $2.174M $2.280M
YoY Change 13.6% 6.73% 14.0%
Gross Profit $14.78M $13.74M $13.06M
YoY Change 13.17% 9.23% 6.27%
Gross Profit Margin 85.12% 86.34% 85.16%
Selling, General & Admin $3.680M $3.872M $3.560M
YoY Change 3.37% 7.83% 54.11%
% of Gross Profit 24.9% 28.18% 27.26%
Research & Development $4.330M $3.860M $4.060M
YoY Change 6.65% 5.61% 3.31%
% of Gross Profit 29.3% 28.09% 31.09%
Depreciation & Amortization $730.0K $694.0K $670.0K
YoY Change 8.96% 2.97% -6.94%
% of Gross Profit 4.94% 5.05% 5.13%
Operating Expenses $8.010M $7.732M $7.620M
YoY Change 5.12% 6.71% 22.12%
Operating Profit $4.266M $5.857M $5.434M
YoY Change -21.49% 9.83% -2.55%
Interest Expense -$1.490M $40.00K -$1.140M
YoY Change 30.7% -42.86% -184.44%
% of Operating Profit -34.93% 0.68% -20.98%
Other Income/Expense, Net $0.00 -$4.000K $10.00K
YoY Change -100.0% -105.71% -100.76%
Pretax Income $2.770M $5.853M $4.300M
YoY Change -35.58% 8.33% -23.21%
Income Tax $1.420M $1.929M $1.860M
% Of Pretax Income 51.26% 32.96% 43.26%
Net Earnings $1.358M $3.924M $2.344M
YoY Change -42.06% 9.06% -36.41%
Net Earnings / Revenue 7.82% 24.66% 15.28%
Basic Earnings Per Share $0.10 $0.30 $0.17
Diluted Earnings Per Share $0.10 $0.30 $0.17
COMMON SHARES
Basic Shares Outstanding 12.93M shares 13.00M 13.60M shares
Diluted Shares Outstanding 13.28M

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.60M $54.10M $46.60M
YoY Change 19.31% 33.25% 81.32%
Cash & Equivalents $55.59M $54.11M $43.51M
Short-Term Investments $0.00 $0.00 $3.000M
Other Short-Term Assets $1.700M $1.100M $1.200M
YoY Change 41.67% -47.62% -20.0%
Inventory $2.979M $3.464M $2.817M
Prepaid Expenses
Receivables $7.478M $5.995M $4.751M
Other Receivables $0.00 $600.0K $0.00
Total Short-Term Assets $67.79M $65.31M $55.28M
YoY Change 22.63% 28.54% 54.5%
LONG-TERM ASSETS
Property, Plant & Equipment $12.97M $12.10M $13.13M
YoY Change -1.26% -4.78% 2.24%
Goodwill $8.010M $8.010M $8.010M
YoY Change 0.0% 0.0% 0.0%
Intangibles $2.760M $2.389M $2.946M
YoY Change -6.31% -23.7% -20.12%
Long-Term Investments $0.00
YoY Change
Other Assets $479.0K $1.979M $1.979M
YoY Change -75.8% -37.49% -37.49%
Total Long-Term Assets $30.92M $30.68M $49.61M
YoY Change -37.67% -38.53% -25.0%
TOTAL ASSETS
Total Short-Term Assets $67.79M $65.31M $55.28M
Total Long-Term Assets $30.92M $30.68M $49.61M
Total Assets $98.71M $95.99M $104.9M
YoY Change -5.89% -4.7% 2.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $781.0K $958.0K $1.028M
YoY Change -24.03% -31.57% 7.76%
Accrued Expenses $3.900M $3.200M $2.900M
YoY Change 34.48% 23.08% -34.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.700M $4.254M $4.067M
YoY Change 15.56% 3.3% -31.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.920M $1.778M $1.845M
YoY Change 4.07% -0.06% -6.35%
Total Long-Term Liabilities $1.920M $1.778M $1.845M
YoY Change 4.07% -0.06% -6.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.700M $4.254M $4.067M
Total Long-Term Liabilities $1.920M $1.778M $1.845M
Total Liabilities $6.837M $6.259M $6.138M
YoY Change 11.39% 3.52% -24.28%
SHAREHOLDERS EQUITY
Retained Earnings $88.16M $86.80M $93.88M
YoY Change -6.09% -5.17% 3.13%
Common Stock $3.707M $2.927M $3.342M
YoY Change 10.92% -5.55% 22.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.87M $89.73M $98.75M
YoY Change
Total Liabilities & Shareholders Equity $98.71M $95.99M $104.9M
YoY Change -5.89% -4.7% 2.91%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q3
OPERATING ACTIVITIES
Net Income $1.358M $3.924M $2.344M
YoY Change -42.06% 9.06% -36.41%
Depreciation, Depletion And Amortization $730.0K $694.0K $670.0K
YoY Change 8.96% 2.97% -6.94%
Cash From Operating Activities $2.990M $5.240M $5.950M
YoY Change -49.75% -16.96% 1.19%
INVESTING ACTIVITIES
Capital Expenditures -$1.480M -$240.0K -$1.110M
YoY Change 33.33% -35.14% 136.17%
Acquisitions
YoY Change
Other Investing Activities -$270.0K $19.05M -$1.120M
YoY Change -75.89% -24.73% 1766.67%
Cash From Investing Activities -$1.750M $18.82M -$2.240M
YoY Change -21.87% -24.57% 322.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 240.0K 30.00K 70.00K
YoY Change 242.86% -25.0% -100.92%
NET CHANGE
Cash From Operating Activities 2.990M 5.240M 5.950M
Cash From Investing Activities -1.750M 18.82M -2.240M
Cash From Financing Activities 240.0K 30.00K 70.00K
Net Change In Cash 1.480M 24.09M 3.780M
YoY Change -60.85% -23.04% -270.27%
FREE CASH FLOW
Cash From Operating Activities $2.990M $5.240M $5.950M
Capital Expenditures -$1.480M -$240.0K -$1.110M
Free Cash Flow $4.470M $5.480M $7.060M
YoY Change -36.69% -17.96% 11.18%

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