$TISI
TEAM INC

2014 Q2 Form 10-Q Financial Statement

#000119312514135445 Filed on April 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $211.5M $163.2M $151.0M
YoY Change 5.11% 8.12% 10.59%
Cost Of Revenue $145.1M $121.5M $112.1M
YoY Change 4.31% 8.44% 12.17%
Gross Profit $66.40M $41.70M $38.89M
YoY Change 6.92% 7.21% 6.25%
Gross Profit Margin 31.4% 25.54% 25.76%
Selling, General & Admin $46.00M $40.73M $38.28M
YoY Change 6.73% 6.39% 15.26%
% of Gross Profit 69.28% 97.67% 98.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.490M $5.285M $4.800M
YoY Change 5.37% 10.1% 5.03%
% of Gross Profit 8.27% 12.68% 12.34%
Operating Expenses $46.00M $40.73M $38.28M
YoY Change 6.73% 6.39% 15.26%
Operating Profit $20.44M $1.000M $609.0K
YoY Change 6.83% 64.2% -82.38%
Interest Expense -$2.600M -$2.500M -$1.500M
YoY Change 333.33% 66.67% 275.0%
% of Operating Profit -12.72% -250.0% -246.31%
Other Income/Expense, Net
YoY Change
Pretax Income $17.90M -$1.528M -$863.0K
YoY Change -2.72% 77.06% -129.48%
Income Tax $5.800M -$557.0K -$319.0K
% Of Pretax Income 32.4%
Net Earnings $11.93M -$1.010M -$535.0K
YoY Change 3.97% 88.79% -126.6%
Net Earnings / Revenue 5.64% -0.62% -0.35%
Basic Earnings Per Share $0.58 -$0.05 -$0.03
Diluted Earnings Per Share $0.56 -$0.05 -$0.03
COMMON SHARES
Basic Shares Outstanding 20.44M shares 20.38M shares 20.39M shares
Diluted Shares Outstanding 21.19M shares 21.31M shares

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.70M $39.50M $36.40M
YoY Change 1.46% 8.52% 32.36%
Cash & Equivalents $34.66M $39.50M $36.42M
Short-Term Investments
Other Short-Term Assets $13.00M $11.60M $15.90M
YoY Change -7.8% -27.04% 47.22%
Inventory $25.54M $26.30M $26.81M
Prepaid Expenses
Receivables $175.6M $158.0M $155.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $248.8M $235.4M $234.1M
YoY Change 0.77% 0.56% 19.74%
LONG-TERM ASSETS
Property, Plant & Equipment $89.96M $85.39M $72.50M
YoY Change 20.05% 17.78% 10.35%
Goodwill $113.8M $114.1M $104.8M
YoY Change 9.95% 8.9%
Intangibles $23.51M $24.39M $26.90M
YoY Change -9.39% -9.33%
Long-Term Investments
YoY Change
Other Assets $1.248M $974.0K $2.834M
YoY Change -57.07% -65.63% -11.44%
Total Long-Term Assets $236.1M $232.1M $213.0M
YoY Change 10.71% 8.95% 14.29%
TOTAL ASSETS
Total Short-Term Assets $248.8M $235.4M $234.1M
Total Long-Term Assets $236.1M $232.1M $213.0M
Total Assets $484.9M $467.5M $447.1M
YoY Change 5.38% 4.55% 17.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.76M $20.42M $15.81M
YoY Change -2.93% 29.19% -7.03%
Accrued Expenses $48.40M $39.30M $37.90M
YoY Change -1.63% 3.69% 18.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.14M $60.61M $55.24M
YoY Change 3.21% 9.71% 12.97%
LONG-TERM LIABILITIES
Long-Term Debt $73.72M $83.60M $89.06M
YoY Change 1.06% -6.13% 1.09%
Other Long-Term Liabilities $3.377M $5.389M $6.661M
YoY Change -33.75% -19.1%
Total Long-Term Liabilities $77.10M $88.99M $95.72M
YoY Change -1.21% -7.03% 8.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.14M $60.61M $55.24M
Total Long-Term Liabilities $77.10M $88.99M $95.72M
Total Liabilities $167.9M $165.0M $166.5M
YoY Change -0.07% -0.92% 8.14%
SHAREHOLDERS EQUITY
Retained Earnings $202.0M $190.1M $173.0M
YoY Change 9.51% 9.88%
Common Stock $6.142M $6.132M $6.175M
YoY Change -0.55% -0.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.344M
YoY Change 0.0%
Treasury Stock Shares 0.000 shares 0.000 shares 89.57K shares
Shareholders Equity $311.4M $296.9M $275.3M
YoY Change
Total Liabilities & Shareholders Equity $484.9M $467.5M $447.1M
YoY Change 5.38% 4.55% 17.08%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $11.93M -$1.010M -$535.0K
YoY Change 3.97% 88.79% -126.6%
Depreciation, Depletion And Amortization $5.490M $5.285M $4.800M
YoY Change 5.37% 10.1% 5.03%
Cash From Operating Activities $12.34M $19.30M $18.50M
YoY Change -39.57% 4.32% 39.41%
INVESTING ACTIVITIES
Capital Expenditures -$9.260M $10.14M $6.149M
YoY Change 27.37% 64.89% -220.81%
Acquisitions
YoY Change
Other Investing Activities $2.200M $180.0K $630.0K
YoY Change 218.84% -71.43% -103.86%
Cash From Investing Activities -$7.060M -$9.960M -$5.510M
YoY Change 7.29% 80.76% -74.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.270M -5.010M -10.74M
YoY Change -42.03% -53.35% -164.66%
NET CHANGE
Cash From Operating Activities 12.34M 19.30M 18.50M
Cash From Investing Activities -7.060M -9.960M -5.510M
Cash From Financing Activities -9.270M -5.010M -10.74M
Net Change In Cash -3.990M 4.330M 2.250M
YoY Change 85.58% 92.44% -73.4%
FREE CASH FLOW
Cash From Operating Activities $12.34M $19.30M $18.50M
Capital Expenditures -$9.260M $10.14M $6.149M
Free Cash Flow $21.60M $9.161M $12.35M
YoY Change -21.99% -25.83% -32.73%

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dei Trading Symbol
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dei Entity Registrant Name
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TEAM INC
dei Amendment Flag
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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
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2014-02-28
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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