2012 Q2 Form 10-Q Financial Statement

#000084263312000045 Filed on July 30, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $338.4M $288.1M
YoY Change 17.47% 14.29%
Cost Of Revenue $242.5M $199.8M
YoY Change 21.39% 14.99%
Gross Profit $95.89M $88.29M
YoY Change 8.61% 12.74%
Gross Profit Margin 28.33% 30.65%
Selling, General & Admin $52.71M $47.47M
YoY Change 11.04% 14.74%
% of Gross Profit 54.97% 53.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.20M $9.900M
YoY Change 13.13% 4.21%
% of Gross Profit 11.68% 11.21%
Operating Expenses $52.71M $47.47M
YoY Change 11.04% 14.74%
Operating Profit $43.20M $40.78M
YoY Change 5.93% 11.66%
Interest Expense $10.30M $11.62M
YoY Change -11.36% -11.23%
% of Operating Profit 23.84% 28.49%
Other Income/Expense, Net -$17.77M -$16.14M
YoY Change 10.1% 22.09%
Pretax Income $25.43M $24.64M
YoY Change 3.21% 5.75%
Income Tax $8.260M $8.630M
% Of Pretax Income 32.48% 35.02%
Net Earnings $16.66M $17.09M
YoY Change -2.52% -20.25%
Net Earnings / Revenue 4.92% 5.93%
Basic Earnings Per Share $0.45 $0.50
Diluted Earnings Per Share $0.44 $0.49
COMMON SHARES
Basic Shares Outstanding 37.35M shares 34.22M shares
Diluted Shares Outstanding 37.69M shares 34.77M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.30M $10.10M
YoY Change 190.1% -58.94%
Cash & Equivalents $29.28M $10.07M
Short-Term Investments
Other Short-Term Assets $30.10M $34.20M
YoY Change -11.99% 0.59%
Inventory $214.0M $175.7M
Prepaid Expenses
Receivables $186.7M $171.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $460.1M $391.0M
YoY Change 17.68% 16.75%
LONG-TERM ASSETS
Property, Plant & Equipment $173.2M $169.4M
YoY Change 2.22% 6.77%
Goodwill $249.7M $208.5M
YoY Change 19.75%
Intangibles $196.6M $154.1M
YoY Change 27.58%
Long-Term Investments
YoY Change
Other Assets $22.03M $26.89M
YoY Change -18.07% 20.04%
Total Long-Term Assets $641.5M $558.9M
YoY Change 14.78% 5.37%
TOTAL ASSETS
Total Short-Term Assets $460.1M $391.0M
Total Long-Term Assets $641.5M $558.9M
Total Assets $1.102B $949.9M
YoY Change 15.97% 9.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.7M $136.6M
YoY Change 24.24% 17.83%
Accrued Expenses $67.67M $62.90M
YoY Change 7.58% -4.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.400M $4.900M
YoY Change 71.43% -31.94%
Total Short-Term Liabilities $245.7M $204.4M
YoY Change 20.22% 8.3%
LONG-TERM LIABILITIES
Long-Term Debt $412.5M $473.5M
YoY Change -12.88% -3.96%
Other Long-Term Liabilities $62.05M $56.05M
YoY Change 10.7% 24.56%
Total Long-Term Liabilities $62.05M $529.6M
YoY Change -88.28% -1.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $245.7M $204.4M
Total Long-Term Liabilities $62.05M $529.6M
Total Liabilities $784.9M $795.6M
YoY Change -1.35% 1.45%
SHAREHOLDERS EQUITY
Retained Earnings -$375.6M -$436.3M
YoY Change -13.91%
Common Stock $628.3M $536.8M
YoY Change 17.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $291.2M $154.3M
YoY Change
Total Liabilities & Shareholders Equity $1.102B $949.9M
YoY Change 15.97% 9.77%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $16.66M $17.09M
YoY Change -2.52% -20.25%
Depreciation, Depletion And Amortization $11.20M $9.900M
YoY Change 13.13% 4.21%
Cash From Operating Activities $34.50M $22.30M
YoY Change 54.71% -37.18%
INVESTING ACTIVITIES
Capital Expenditures -$15.20M -$7.200M
YoY Change 111.11% 166.67%
Acquisitions
YoY Change
Other Investing Activities -$200.0K $1.200M
YoY Change -116.67% -61.29%
Cash From Investing Activities -$15.50M -$6.100M
YoY Change 154.1% -1625.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.800M -21.20M
YoY Change -77.36% 18.44%
NET CHANGE
Cash From Operating Activities 34.50M 22.30M
Cash From Investing Activities -15.50M -6.100M
Cash From Financing Activities -4.800M -21.20M
Net Change In Cash 14.20M -5.000M
YoY Change -384.0% -127.78%
FREE CASH FLOW
Cash From Operating Activities $34.50M $22.30M
Capital Expenditures -$15.20M -$7.200M
Free Cash Flow $49.70M $29.50M
YoY Change 68.47% -22.77%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Accounting Pronouncements </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">As of June 30, 2012</font><font style="font-family:inherit;font-size:10pt;">, there are no recently issued accounting pronouncements not yet adopted by the Company that would have a material impact on the Company's results of operations or financial position.</font></div></div>
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dei Entity Registrant Name
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TRIMAS CORP

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