2013 Q2 Form 10-Q Financial Statement

#000119312513145831 Filed on April 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $201.2M $151.0M $136.5M
YoY Change 7.1% 10.59% 25.48%
Cost Of Revenue $139.1M $112.1M $99.92M
YoY Change 11.91% 12.17% 27.94%
Gross Profit $62.10M $38.89M $36.60M
YoY Change -2.36% 6.25% 19.23%
Gross Profit Margin 30.87% 25.76% 26.81%
Selling, General & Admin $43.10M $38.28M $33.21M
YoY Change 8.84% 15.26% 20.33%
% of Gross Profit 69.4% 98.42% 90.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.210M $4.800M $4.570M
YoY Change 14.25% 5.03% 7.78%
% of Gross Profit 8.39% 12.34% 12.49%
Operating Expenses $43.10M $38.28M $33.21M
YoY Change 8.84% 15.26% 20.33%
Operating Profit $19.13M $609.0K $3.456M
YoY Change -20.97% -82.38% 11.48%
Interest Expense -$600.0K -$1.500M -$400.0K
YoY Change 200.0% 275.0% 0.0%
% of Operating Profit -3.14% -246.31% -11.57%
Other Income/Expense, Net
YoY Change
Pretax Income $18.40M -$863.0K $2.927M
YoY Change -16.36% -129.48% 4.54%
Income Tax $6.800M -$319.0K $946.0K
% Of Pretax Income 36.96% 32.32%
Net Earnings $11.47M -$535.0K $2.011M
YoY Change -16.64% -126.6% -48.44%
Net Earnings / Revenue 5.7% -0.35% 1.47%
Basic Earnings Per Share $0.57 -$0.03 $0.10
Diluted Earnings Per Share $0.54 -$0.03 $0.10
COMMON SHARES
Basic Shares Outstanding 20.59M shares 20.39M shares 19.73M shares
Diluted Shares Outstanding 21.31M shares 20.73M shares

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.20M $36.40M $27.50M
YoY Change 52.0% 32.36% 21.68%
Cash & Equivalents $34.20M $36.42M $27.46M
Short-Term Investments
Other Short-Term Assets $14.10M $15.90M $10.80M
YoY Change 3.68% 47.22% 42.11%
Inventory $26.51M $26.81M $23.30M
Prepaid Expenses
Receivables $172.1M $155.0M $133.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $246.9M $234.1M $195.5M
YoY Change 12.92% 19.74% 27.03%
LONG-TERM ASSETS
Property, Plant & Equipment $74.94M $72.50M $65.70M
YoY Change 20.79% 10.35% 16.49%
Goodwill $103.5M $104.8M
YoY Change 8.91%
Intangibles $25.95M $26.90M
YoY Change 40.21%
Long-Term Investments
YoY Change
Other Assets $2.907M $2.834M $3.200M
YoY Change -5.65% -11.44% 39.13%
Total Long-Term Assets $213.3M $213.0M $186.4M
YoY Change 15.22% 14.29% 14.29%
TOTAL ASSETS
Total Short-Term Assets $246.9M $234.1M $195.5M
Total Long-Term Assets $213.3M $213.0M $186.4M
Total Assets $460.2M $447.1M $381.9M
YoY Change 13.97% 17.08% 20.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.41M $15.81M $17.00M
YoY Change 21.62% -7.03% 18.88%
Accrued Expenses $49.20M $37.90M $31.90M
YoY Change 27.79% 18.81% 15.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $72.80M $55.24M $48.90M
YoY Change 18.08% 12.97% 15.6%
LONG-TERM LIABILITIES
Long-Term Debt $72.95M $89.06M $88.10M
YoY Change -15.05% 1.09% 27.68%
Other Long-Term Liabilities $5.097M $6.661M
YoY Change
Total Long-Term Liabilities $78.04M $95.72M $88.10M
YoY Change -9.12% 8.65% 27.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $72.80M $55.24M $48.90M
Total Long-Term Liabilities $78.04M $95.72M $88.10M
Total Liabilities $168.0M $166.5M $154.0M
YoY Change 5.81% 8.14% 19.94%
SHAREHOLDERS EQUITY
Retained Earnings $184.5M $173.0M
YoY Change 21.33%
Common Stock $6.176M $6.175M
YoY Change 3.19%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.344M $1.344M $1.344M
YoY Change 0.0% 0.0%
Treasury Stock Shares 89.57K shares 89.57K shares
Shareholders Equity $286.8M $275.3M $227.9M
YoY Change
Total Liabilities & Shareholders Equity $460.2M $447.1M $381.9M
YoY Change 13.97% 17.08% 20.47%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $11.47M -$535.0K $2.011M
YoY Change -16.64% -126.6% -48.44%
Depreciation, Depletion And Amortization $5.210M $4.800M $4.570M
YoY Change 14.25% 5.03% 7.78%
Cash From Operating Activities $20.42M $18.50M $13.27M
YoY Change 407.96% 39.41% -32.88%
INVESTING ACTIVITIES
Capital Expenditures -$7.270M $6.149M -$5.090M
YoY Change -10.14% -220.81% 70.23%
Acquisitions
YoY Change
Other Investing Activities $690.0K $630.0K -$16.34M
YoY Change -3550.0% -103.86% -2434.29%
Cash From Investing Activities -$6.580M -$5.510M -$21.42M
YoY Change -18.97% -74.28% 831.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.99M -10.74M 16.61M
YoY Change -16090.0% -164.66% -274.84%
NET CHANGE
Cash From Operating Activities 20.42M 18.50M 13.27M
Cash From Investing Activities -6.580M -5.510M -21.42M
Cash From Financing Activities -15.99M -10.74M 16.61M
Net Change In Cash -2.150M 2.250M 8.460M
YoY Change -46.25% -73.4% 6.15%
FREE CASH FLOW
Cash From Operating Activities $20.42M $18.50M $13.27M
Capital Expenditures -$7.270M $6.149M -$5.090M
Free Cash Flow $27.69M $12.35M $18.36M
YoY Change 128.65% -32.73% -19.33%

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2927000
CY2012Q1 tisi Incremental Common Shares Attributable To Assumed Conversion Of Noncontrolling Interests
IncrementalCommonSharesAttributableToAssumedConversionOfNoncontrollingInterests
203000 shares
CY2012Q1 tisi Options To Purchase Shares Of Common Stock Outstanding
OptionsToPurchaseSharesOfCommonStockOutstanding
578000 shares

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tisi-20130228.xml Edgar Link completed
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