2024 Q3 Form 10-Q Financial Statement

#000114036124036598 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $61.07M $60.59M
YoY Change 6.11% 8.03%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.052M $1.045M
YoY Change -4.36% 3.16%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $16.90M $16.48M
YoY Change -12.13% -24.48%
Income Tax $4.027M $3.929M
% Of Pretax Income 23.83% 23.84%
Net Earnings $12.88M $12.55M
YoY Change -12.3% -23.34%
Net Earnings / Revenue 21.08% 20.72%
Basic Earnings Per Share $0.68 $0.66
Diluted Earnings Per Share $0.68 $0.66
COMMON SHARES
Basic Shares Outstanding 19.01M 19.02M
Diluted Shares Outstanding 19.04M 19.03M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $523.0M $536.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $71.28M $71.84M
YoY Change 121.82% -4.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $6.110B $6.107B
YoY Change 0.91% 0.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $85.02M $84.79M
YoY Change -8.48% 3.37%
Deferred Revenue
YoY Change
Short-Term Debt $91.45M $89.72M
YoY Change -11.31% -21.14%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $176.5M $174.5M
YoY Change -9.97% -10.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $176.5M $174.5M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $5.441B $5.451B
YoY Change 0.19% -0.05%
SHAREHOLDERS EQUITY
Retained Earnings $442.1M $436.0M
YoY Change 4.74% 5.26%
Common Stock $277.7M $277.5M
YoY Change 0.2% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $669.0M $655.2M
YoY Change
Total Liabilities & Shareholders Equity $6.110B $6.107B
YoY Change 0.91% 0.51%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $12.88M $12.55M
YoY Change -12.3% -23.34%
Depreciation, Depletion And Amortization $1.052M $1.045M
YoY Change -4.36% 3.16%
Cash From Operating Activities $16.49M $18.72M
YoY Change 38.55% 19.48%
INVESTING ACTIVITIES
Capital Expenditures $929.0K $1.110M
YoY Change 16.13% 4.82%
Acquisitions
YoY Change
Other Investing Activities -$10.81M -$1.101M
YoY Change -83.52% -98.35%
Cash From Investing Activities -$11.74M -$2.211M
YoY Change -82.32% -96.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.90M -90.08M
YoY Change -56.87% -582.81%
NET CHANGE
Cash From Operating Activities 16.49M 18.72M
Cash From Investing Activities -11.74M -2.211M
Cash From Financing Activities -17.90M -90.08M
Net Change In Cash -13.15M -73.57M
YoY Change -86.3% 118.78%
FREE CASH FLOW
Cash From Operating Activities $16.49M $18.72M
Capital Expenditures $929.0K $1.110M
Free Cash Flow $15.56M $17.61M
YoY Change 40.17% 20.54%

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CY2024Q2 us-gaap Financing Receivable Nonaccrual No Allowance
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CY2024Q2 trst Financing Receivable Nonaccrual With Allowance For Credit Loss
FinancingReceivableNonaccrualWithAllowanceForCreditLoss
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CY2024Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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CY2023Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
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FinancingReceivableNonaccrualWithAllowanceForCreditLoss
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CY2023Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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FinancingReceivableNonaccrualWithAllowanceForCreditLoss
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FinancingReceivableNonaccrualWithAllowanceForCreditLoss
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FinancingReceivableModificationsRecordedInvestment
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ImpairedLoansNetOfAllowanceFairValueDisclosure
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CY2023 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
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CollateralDependentImpairedFinancingReceivableRecordedInvestment
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CY2024Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2023Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
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us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
982000
CY2024Q2 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
1360000
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EquitySecuritiesFvNiUnrealizedGain
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EquitySecuritiesFvNiUnrealizedGain
1360000
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CY2024Q2 trst Other Non Interest Income
OtherNonInterestIncome
220000
CY2023Q2 trst Other Non Interest Income
OtherNonInterestIncome
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OtherNonInterestIncome
476000
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OtherNonInterestIncome
485000
CY2024Q2 us-gaap Noninterest Income
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5651000
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NoninterestIncome
4598000
us-gaap Noninterest Income
NoninterestIncome
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us-gaap Noninterest Income
NoninterestIncome
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0
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P8Y3M18D
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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P8Y3M18D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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4269000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8262000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7237000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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6029000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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4841000
CY2024Q2 trst Lessee Operating Lease Liability To Be Paid Due After Year Four
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17352000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
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