$SRI
STONERIDGE INC

2014 Q4 Form 10-K Financial Statement

#000114420415015961 Filed on March 13, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $166.8M $170.3M $162.1M
YoY Change -1.42% 5.38% -33.23%
Cost Of Revenue $121.9M $120.8M $113.8M
YoY Change 2.78% 8.05% -37.67%
Gross Profit $44.90M $49.60M $48.30M
YoY Change -11.26% -0.2% -19.79%
Gross Profit Margin 26.92% 29.13% 29.8%
Selling, General & Admin -$2.400M $31.20M $31.60M
YoY Change -1300.0% -15.9% -34.7%
% of Gross Profit -5.35% 62.9% 65.42%
Research & Development $41.60M $10.40M $10.60M
YoY Change 2.97%
% of Gross Profit 92.65% 20.97% 21.95%
Depreciation & Amortization $6.490M $7.310M $8.110M
YoY Change -25.91% -11.14% -5.79%
% of Gross Profit 14.45% 14.74% 16.79%
Operating Expenses $39.30M $41.60M $42.20M
YoY Change -3.2% 11.83% -12.8%
Operating Profit -$22.80M $13.76M -$23.22M
YoY Change -327.95% 10.07% -296.37%
Interest Expense -$1.600M -$4.900M -$4.900M
YoY Change -65.22% 11.36% -207.1%
% of Operating Profit -35.61%
Other Income/Expense, Net $1.700M $0.00 -$300.0K
YoY Change -270.0% -276.47%
Pretax Income -$32.40M $8.000M -$28.50M
YoY Change -910.0% -3.61% -479.19%
Income Tax -$1.100M -$1.200M $100.0K
% Of Pretax Income -15.0%
Net Earnings -$26.55M -$130.0K -$21.89M
YoY Change -13377.0% -102.6% -480.27%
Net Earnings / Revenue -15.92% -0.08% -13.51%
Basic Earnings Per Share -$0.99 $0.00 -$0.81
Diluted Earnings Per Share -$0.99 $0.00 -$0.81
COMMON SHARES
Basic Shares Outstanding 26.93M
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.00M $41.00M $45.80M
YoY Change -31.53% -11.06% 23.78%
Cash & Equivalents $43.00M $41.00M $45.80M
Short-Term Investments
Other Short-Term Assets $26.10M $82.70M $138.9M
YoY Change -79.09% 178.45% 358.42%
Inventory $71.30M $86.20M $97.10M
Prepaid Expenses
Receivables $105.1M $112.0M $102.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $245.5M $321.8M $384.7M
YoY Change -33.58% -6.91% 14.67%
LONG-TERM ASSETS
Property, Plant & Equipment $85.30M $85.00M $89.10M
YoY Change -1.16% -24.78% -20.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.20M $11.00M $10.40M
YoY Change 6.25% 8.91% 5.05%
Other Assets
YoY Change
Total Long-Term Assets $153.3M $189.9M $198.9M
YoY Change -29.9% -26.37% -23.18%
TOTAL ASSETS
Total Short-Term Assets $245.5M $321.8M $384.7M
Total Long-Term Assets $153.3M $189.9M $198.9M
Total Assets $398.8M $511.7M $583.6M
YoY Change -32.21% -15.23% -1.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $58.60M $62.00M $63.80M
YoY Change 1.91% -28.24% -25.61%
Accrued Expenses $41.50M $50.70M $48.50M
YoY Change -11.7% -22.71% -18.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $19.70M $73.90M $22.20M
YoY Change 61.48% 703.26% 104.46%
Total Short-Term Liabilities $120.3M $186.8M $167.7M
YoY Change -21.73% 15.74% 6.84%
LONG-TERM LIABILITIES
Long-Term Debt $110.7M $109.4M $182.9M
YoY Change -40.16% -41.65% -2.93%
Other Long-Term Liabilities $4.000M $4.700M $4.500M
YoY Change 0.0% 14.63% 3.0%
Total Long-Term Liabilities $114.7M $114.1M $187.4M
YoY Change -39.31% -40.45% -24.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $120.3M $186.8M $167.7M
Total Long-Term Liabilities $114.7M $114.1M $187.4M
Total Liabilities $307.5M $386.6M $446.9M
YoY Change -30.0% -14.05% 9.99%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.30M $125.2M $136.7M
YoY Change
Total Liabilities & Shareholders Equity $398.8M $511.7M $583.6M
YoY Change -32.21% -15.23% -1.82%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income -$26.55M -$130.0K -$21.89M
YoY Change -13377.0% -102.6% -480.27%
Depreciation, Depletion And Amortization $6.490M $7.310M $8.110M
YoY Change -25.91% -11.14% -5.79%
Cash From Operating Activities $20.67M $6.210M $9.130M
YoY Change -2.68% -67.66% 138.38%
INVESTING ACTIVITIES
Capital Expenditures -$4.980M -$7.160M -$8.020M
YoY Change -26.98% -8.44% 64.34%
Acquisitions
YoY Change
Other Investing Activities $52.70M $18.72M -$960.0K
YoY Change 263400.0% 187100.0% -1700.0%
Cash From Investing Activities $47.72M $11.55M -$8.980M
YoY Change -800.73% -247.89% 86.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -65.20M -20.72M -2.540M
YoY Change -3234.62% 583.83% -69.83%
NET CHANGE
Cash From Operating Activities 20.67M 6.210M 9.130M
Cash From Investing Activities 47.72M 11.55M -8.980M
Cash From Financing Activities -65.20M -20.72M -2.540M
Net Change In Cash 3.190M -2.960M -2.390M
YoY Change -80.68% -135.41% -74.6%
FREE CASH FLOW
Cash From Operating Activities $20.67M $6.210M $9.130M
Capital Expenditures -$4.980M -$7.160M -$8.020M
Free Cash Flow $25.65M $13.37M $17.15M
YoY Change -8.59% -50.52% 96.9%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.30
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.92
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.29
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.92
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.11
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.22
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.26
CY2014Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
957000
CY2014Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-544000
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-8108000
CY2014Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
-1692000
CY2013Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.04
CY2013Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.00
CY2013Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.07
CY2013Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.12
CY2014Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.03
CY2014Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.02
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.30
CY2014Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.07
CY2013Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.04
CY2013Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.00
CY2013Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.07
CY2013Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.11
CY2014Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.03
CY2014Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.02
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.29
CY2014Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.07
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.81
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.99
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.99
CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-467000
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-28569000
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
9138000
CY2014Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-31306000
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.13
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.02
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.79
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.11
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.21
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.26
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.12
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.02
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.79
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
1468000
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-21892000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-130000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-26554000
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-978000
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-7221000
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1160000
CY2014Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-6444000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
6434000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-23221000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
13759000
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-22795000
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
47310000
CY2014Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
42066000
CY2013Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
22861000
CY2014Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
18238000
CY2014Q1 us-gaap Profit Loss
ProfitLoss
490000
CY2014Q2 us-gaap Profit Loss
ProfitLoss
-29113000
CY2014Q3 us-gaap Profit Loss
ProfitLoss
1030000
CY2014Q4 us-gaap Profit Loss
ProfitLoss
-32998000

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