$TISI
TEAM INC

2012 Q4 Form 10-Q Financial Statement

#000119312513006751 Filed on January 08, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4
Revenue $200.6M $158.3M
YoY Change 26.77% 18.91%
Cost Of Revenue $138.2M $107.8M
YoY Change 28.15% 20.61%
Gross Profit $62.46M $50.45M
YoY Change 23.82% 15.44%
Gross Profit Margin 31.13% 31.87%
Selling, General & Admin $39.93M $33.77M
YoY Change 18.23% 11.83%
% of Gross Profit 63.92% 66.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.081M $4.200M
YoY Change 20.98% 26.13%
% of Gross Profit 8.13% 8.33%
Operating Expenses $39.93M $33.77M
YoY Change 18.23% 11.83%
Operating Profit $23.04M $17.08M
YoY Change 34.89% 26.52%
Interest Expense -$300.0K -$100.0K
YoY Change 200.0% 0.0%
% of Operating Profit -1.3% -0.59%
Other Income/Expense, Net
YoY Change
Pretax Income $22.25M $16.62M
YoY Change 33.87% 24.03%
Income Tax $8.232M $6.232M
% Of Pretax Income 37.0% 37.5%
Net Earnings $13.94M $10.34M
YoY Change 34.75% 27.68%
Net Earnings / Revenue 6.95% 6.53%
Basic Earnings Per Share $0.69 $0.53
Diluted Earnings Per Share $0.66 $0.50
COMMON SHARES
Basic Shares Outstanding 20.05M shares 19.59M shares
Diluted Shares Outstanding 20.99M shares 20.55M shares

Balance Sheet

Concept 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.50M $18.70M
YoY Change 84.49% 30.77%
Cash & Equivalents $34.49M $18.75M
Short-Term Investments
Other Short-Term Assets $12.90M $9.800M
YoY Change 31.63% 19.51%
Inventory $26.57M $22.50M
Prepaid Expenses
Receivables $181.4M $145.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $255.3M $196.5M
YoY Change 29.94% 25.64%
LONG-TERM ASSETS
Property, Plant & Equipment $71.24M $61.10M
YoY Change 16.6% 8.33%
Goodwill $103.6M
YoY Change
Intangibles $28.45M
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.942M $3.800M
YoY Change 3.74% 26.67%
Total Long-Term Assets $204.9M $167.4M
YoY Change 22.38% 2.95%
TOTAL ASSETS
Total Short-Term Assets $255.3M $196.5M
Total Long-Term Assets $204.9M $167.4M
Total Assets $460.2M $363.9M
YoY Change 26.46% 14.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.46M $17.90M
YoY Change 8.74% -2.19%
Accrued Expenses $45.70M $33.60M
YoY Change 36.01% 30.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K
YoY Change -66.67%
Total Short-Term Liabilities $67.52M $53.50M
YoY Change 26.2% 18.1%
LONG-TERM LIABILITIES
Long-Term Debt $105.5M $73.60M
YoY Change 43.37% -4.91%
Other Long-Term Liabilities $6.745M
YoY Change
Total Long-Term Liabilities $112.3M $73.60M
YoY Change 52.53% -4.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.52M $53.50M
Total Long-Term Liabilities $112.3M $73.60M
Total Liabilities $192.8M $143.5M
YoY Change 34.35% 6.38%
SHAREHOLDERS EQUITY
Retained Earnings $173.5M
YoY Change
Common Stock $6.100M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.344M $1.344M
YoY Change 0.0%
Treasury Stock Shares 89.57K shares
Shareholders Equity $270.6M $220.4M
YoY Change
Total Liabilities & Shareholders Equity $468.7M $363.9M
YoY Change 28.81% 14.08%

Cashflow Statement

Concept 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income $13.94M $10.34M
YoY Change 34.75% 27.68%
Depreciation, Depletion And Amortization $5.081M $4.200M
YoY Change 20.98% 26.13%
Cash From Operating Activities $13.09M $3.590M
YoY Change 264.62% 84.1%
INVESTING ACTIVITIES
Capital Expenditures $6.925M -$5.470M
YoY Change -226.6% 97.47%
Acquisitions
YoY Change
Other Investing Activities -$15.38M -$1.500M
YoY Change 925.33% -96.38%
Cash From Investing Activities -$22.31M -$6.970M
YoY Change 220.09% -84.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.96M 1.410M
YoY Change 1386.52% -96.43%
NET CHANGE
Cash From Operating Activities 13.09M 3.590M
Cash From Investing Activities -22.31M -6.970M
Cash From Financing Activities 20.96M 1.410M
Net Change In Cash 11.74M -1.970M
YoY Change -695.94% -29.64%
FREE CASH FLOW
Cash From Operating Activities $13.09M $3.590M
Capital Expenditures $6.925M -$5.470M
Free Cash Flow $6.165M $9.060M
YoY Change -31.95% 91.95%

Facts In Submission

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dei Trading Symbol
TradingSymbol
TISI
dei Entity Registrant Name
EntityRegistrantName
TEAM INC
dei Amendment Flag
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dei Entity Filer Category
EntityFilerCategory
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-11-30
dei Entity Central Index Key
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0000318833
dei Current Fiscal Year End Date
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tisi Incremental Common Shares Attributable To Assumed Conversion Of Noncontrolling Interests
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tisi Medical Claims Self Insured Retention
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tisi Options To Purchase Shares Of Common Stock Outstanding
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tisi Single Customer Accounts Consolidated Revenue
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tisi Workers Compensation Self Insured Retention
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tisi Payments To Proceeds From Acquire Other Productive Assets
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CY2012Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
39928000
CY2012Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000
CY2012Q4 tisi Incremental Common Shares Attributable To Assumed Conversion Of Noncontrolling Interests
IncrementalCommonSharesAttributableToAssumedConversionOfNoncontrollingInterests
206000 shares
CY2012Q4 tisi Options To Purchase Shares Of Common Stock Outstanding
OptionsToPurchaseSharesOfCommonStockOutstanding
0 shares

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0001193125-13-006751-index-headers.html Edgar Link pending
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tisi-20121130.xml Edgar Link completed
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