2013 Q2 Form 10-Q Financial Statement

#000119312513316758 Filed on August 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $517.2M $483.7M
YoY Change 6.93% 19.47%
Cost Of Revenue $24.17M $38.11M
YoY Change -36.59%
Gross Profit $493.1M $445.6M
YoY Change 10.65%
Gross Profit Margin 95.33% 92.12%
Selling, General & Admin $146.4M $131.1M
YoY Change 11.67% 12.44%
% of Gross Profit 29.69% 29.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.200M $4.600M
YoY Change -8.7% -4.17%
% of Gross Profit 0.85% 1.03%
Operating Expenses $467.7M $451.2M
YoY Change 3.66% 13.4%
Operating Profit $25.35M -$5.601M
YoY Change -552.62%
Interest Expense $656.0K $1.286M
YoY Change -48.99% -198.92%
% of Operating Profit 2.59%
Other Income/Expense, Net
YoY Change
Pretax Income $48.86M $31.22M
YoY Change 56.52% 447.67%
Income Tax $18.96M $3.175M
% Of Pretax Income 38.81% 10.17%
Net Earnings $26.90M $24.91M
YoY Change 7.98% 319.38%
Net Earnings / Revenue 5.2% 5.15%
Basic Earnings Per Share $1.20 $1.29
Diluted Earnings Per Share $1.09 $1.05
COMMON SHARES
Basic Shares Outstanding 22.43M shares 19.30M shares
Diluted Shares Outstanding 24.92M shares 24.39M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $216.6M $157.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $36.90M $46.50M
YoY Change -20.65% 92.95%
LONG-TERM ASSETS
Property, Plant & Equipment $53.42M $56.80M
YoY Change -5.96% -5.96%
Goodwill $221.0M
YoY Change
Intangibles $5.885M
YoY Change
Long-Term Investments $10.56M $507.4M
YoY Change -97.92% -1.89%
Other Assets $1.000M
YoY Change
Total Long-Term Assets $1.236B $1.134B
YoY Change 8.92% 2.68%
TOTAL ASSETS
Total Short-Term Assets $36.90M $46.50M
Total Long-Term Assets $1.236B $1.134B
Total Assets $1.272B $1.181B
YoY Change 7.76% 4.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.8M $85.80M
YoY Change 17.48% 13.49%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $5.900M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $106.7M $85.80M
YoY Change 24.36% 13.49%
LONG-TERM LIABILITIES
Long-Term Debt $27.80M $71.50M
YoY Change -61.12% -0.28%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $27.80M $71.50M
YoY Change -61.12% -0.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $106.7M $85.80M
Total Long-Term Liabilities $27.80M $71.50M
Total Liabilities $638.0M $712.7M
YoY Change -10.48% 3.94%
SHAREHOLDERS EQUITY
Retained Earnings $421.6M
YoY Change
Common Stock $194.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.666M
YoY Change
Treasury Stock Shares 352.2K shares
Shareholders Equity $622.8M $468.3M
YoY Change
Total Liabilities & Shareholders Equity $1.272B $1.181B
YoY Change 7.76% 4.61%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $26.90M $24.91M
YoY Change 7.98% 319.38%
Depreciation, Depletion And Amortization $4.200M $4.600M
YoY Change -8.7% -4.17%
Cash From Operating Activities $46.50M $39.70M
YoY Change 17.13% 23.68%
INVESTING ACTIVITIES
Capital Expenditures -$3.400M -$4.400M
YoY Change -22.73% -36.23%
Acquisitions
YoY Change
Other Investing Activities $3.700M $11.60M
YoY Change -68.1% -192.8%
Cash From Investing Activities $200.0K $7.200M
YoY Change -97.22% -137.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.200M -2.900M
YoY Change 10.34% 52.63%
NET CHANGE
Cash From Operating Activities 46.50M 39.70M
Cash From Investing Activities 200.0K 7.200M
Cash From Financing Activities -3.200M -2.900M
Net Change In Cash 43.50M 44.00M
YoY Change -1.14% 303.67%
FREE CASH FLOW
Cash From Operating Activities $46.50M $39.70M
Capital Expenditures -$3.400M -$4.400M
Free Cash Flow $49.90M $44.10M
YoY Change 13.15% 13.08%

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dei Trading Symbol
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dei Entity Registrant Name
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dei Entity Filer Category
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dei Document Fiscal Year Focus
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dei Document Type
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10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>C. Reclassifications.</b> Certain amounts in the 2012 interim financial statements have been reclassified for comparative purposes. Net earnings attributable to Stewart, as previously reported, were not affected.</font></p> </div>
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