2015 Form 10-K Financial Statement

#000119312515328941 Filed on September 25, 2015

View on sec.gov

Income Statement

Concept 2015 2014 Q2 2014 Q1
Revenue $73.75M $21.60M $30.24M
YoY Change -36.7% -15.11% -5.64%
Cost Of Revenue $3.616M $4.270M $1.289M
YoY Change 9.98% -0.23% -27.46%
Gross Profit $70.13M -$880.0K $28.95M
YoY Change -38.05% -104.14% -4.36%
Gross Profit Margin 95.1% -4.07% 95.74%
Selling, General & Admin $42.78M -$1.400M $14.13M
YoY Change 3.27% -108.01% -20.88%
% of Gross Profit 61.01% 48.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.681M $3.660M $773.0K
YoY Change -26.79% -9.63% -24.36%
% of Gross Profit 3.82% 2.67%
Operating Expenses $51.48M -$2.430M $17.85M
YoY Change 1.71% -113.06% -19.56%
Operating Profit $2.220M $1.550M -$465.0K
YoY Change 113.05% -41.29% 73.51%
Interest Expense $861.0K -$230.0K $234.0K
YoY Change -8.79% -20.69% -22.0%
% of Operating Profit 38.78% -14.84%
Other Income/Expense, Net -$1.040M -$43.00K
YoY Change -1255.56% -146.24%
Pretax Income $1.380M $1.260M -$681.0K
YoY Change -205.91% -46.38% 19.89%
Income Tax $893.0K $740.0K -$105.0K
% Of Pretax Income 64.71% 58.73%
Net Earnings $245.0K $1.350M -$964.0K
YoY Change -144.95% -37.59% 418.28%
Net Earnings / Revenue 0.33% 6.25% -3.19%
Basic Earnings Per Share $0.03 $0.14 -$0.10
Diluted Earnings Per Share $0.03 $0.14 -$0.10
COMMON SHARES
Basic Shares Outstanding 9.443M shares 9.443M shares 9.446M shares
Diluted Shares Outstanding 9.496M shares 9.476M shares 9.443M shares

Balance Sheet

Concept 2015 2014 Q2 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.974M $3.600M $3.800M
YoY Change 66.55% 33.33% 18.75%
Cash & Equivalents $5.974M $3.587M $3.823M
Short-Term Investments
Other Short-Term Assets $8.291M $8.500M $8.700M
YoY Change -3.38% 13.33% -13.86%
Inventory $3.148M $3.757M $4.005M
Prepaid Expenses
Receivables $7.679M $2.786M $1.195M
Other Receivables $0.00 $0.00 $300.0K
Total Short-Term Assets $25.09M $25.78M $28.05M
YoY Change -2.65% -8.25% -12.2%
LONG-TERM ASSETS
Property, Plant & Equipment $14.24M $23.33M $29.27M
YoY Change -38.28% -23.71% -3.96%
Goodwill $461.0K $461.0K
YoY Change 0.0% 0.0%
Intangibles $2.979M $3.067M
YoY Change -6.17% -4.51%
Long-Term Investments
YoY Change
Other Assets $14.50M $1.025M $1.478M
YoY Change 25.44% -35.41% -14.12%
Total Long-Term Assets $32.04M $38.07M $38.58M
YoY Change -15.85% -4.61% -3.35%
TOTAL ASSETS
Total Short-Term Assets $25.09M $25.78M $28.05M
Total Long-Term Assets $32.04M $38.07M $38.58M
Total Assets $57.13M $63.85M $66.63M
YoY Change -10.52% -6.11% -7.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.688M $4.530M $5.174M
YoY Change -40.66% -17.25% -19.27%
Accrued Expenses $4.853M $6.500M $5.900M
YoY Change -25.34% 18.18% -9.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $816.0K $561.0K $9.198M
YoY Change 45.45% -94.12% 895.45%
Total Short-Term Liabilities $10.76M $16.51M $23.94M
YoY Change -34.79% -25.8% 21.61%
LONG-TERM LIABILITIES
Long-Term Debt $11.23M $11.95M $8.453M
YoY Change -6.02% 36.89% -52.21%
Other Long-Term Liabilities $1.575M $807.0K $847.0K
YoY Change -24.1% -2.18% 6.41%
Total Long-Term Liabilities $12.80M $14.02M $10.80M
YoY Change -8.69% 16.72% -47.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.76M $16.51M $23.94M
Total Long-Term Liabilities $12.80M $14.02M $10.80M
Total Liabilities $23.57M $30.53M $34.74M
YoY Change -22.8% -10.89% -13.98%
SHAREHOLDERS EQUITY
Retained Earnings $15.49M $14.14M
YoY Change -3.4% 1.93%
Common Stock $18.17M $4.722M
YoY Change 284.71% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $33.56M $33.30M $31.89M
YoY Change
Total Liabilities & Shareholders Equity $57.13M $63.85M $66.63M
YoY Change -10.52% -6.11% -7.28%

Cashflow Statement

Concept 2015 2014 Q2 2014 Q1
OPERATING ACTIVITIES
Net Income $245.0K $1.350M -$964.0K
YoY Change -144.95% -37.59% 418.28%
Depreciation, Depletion And Amortization $2.681M $3.660M $773.0K
YoY Change -26.79% -9.63% -24.36%
Cash From Operating Activities $2.938M $570.0K -$230.0K
YoY Change -24.51% -75.54% -94.85%
INVESTING ACTIVITIES
Capital Expenditures $1.235M -$510.0K $336.0K
YoY Change -16.72% -81.91% -67.35%
Acquisitions
YoY Change
Other Investing Activities $6.124M $0.00 $80.00K
YoY Change -3927.5% -100.0% -27.27%
Cash From Investing Activities $4.811M -$510.0K -$360.0K
YoY Change -355.5% -74.75% -60.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $695.0K
YoY Change -12.58%
Cash From Financing Activities -5.362M -300.0K -150.0K
YoY Change 483.46% -18.92% -171.43%
NET CHANGE
Cash From Operating Activities 2.938M 570.0K -230.0K
Cash From Investing Activities 4.811M -510.0K -360.0K
Cash From Financing Activities -5.362M -300.0K -150.0K
Net Change In Cash 2.387M -240.0K -740.0K
YoY Change 118.99% 300.0% -85.69%
FREE CASH FLOW
Cash From Operating Activities $2.938M $570.0K -$230.0K
Capital Expenditures $1.235M -$510.0K $336.0K
Free Cash Flow $1.703M $1.080M -$566.0K
YoY Change -29.31% -79.03% -89.71%

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<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left"><b>1.</b></td> <td valign="top" align="left"><b>BUSINESS OPERATIONS</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> SunLink Health Systems, Inc. through subsidiaries (&#x201C;SunLink&#x201D;, &#x201C;we&#x201D;, &#x201C;our&#x201D;, &#x201C;ours&#x201D;, &#x201C;us&#x201D; or the &#x201C;Company&#x201D;), owns businesses which are providers of healthcare services in certain markets in the United States. 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SUNLINK HEALTH SYSTEMS INC
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1.49
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11000
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480 Stockholders
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989000
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23126000

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