2013 Q4 Form 10-K Financial Statement

#000119312515069683 Filed on February 27, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4 2012
Revenue $366.1M $381.7M $1.349B
YoY Change -4.09% 5.59% -5.6%
Cost Of Revenue $295.9M $320.2M $1.124B
YoY Change -7.59% 10.38% -0.32%
Gross Profit $70.20M $61.50M $225.0M
YoY Change 14.15% -13.87% -25.33%
Gross Profit Margin 19.18% 16.11% 16.68%
Selling, General & Admin $38.50M $38.30M $134.0M
YoY Change 0.52% 12.65% 3.39%
% of Gross Profit 54.84% 62.28% 59.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.60M $26.50M $84.29M
YoY Change -3.4% 8.61% 20.93%
% of Gross Profit 36.47% 43.09% 37.46%
Operating Expenses $40.80M $40.80M $367.0M
YoY Change 0.0% 5.97% 74.61%
Operating Profit $29.40M $20.70M -$142.0M
YoY Change 42.03% -37.08% -255.86%
Interest Expense -$6.000M -$6.600M $25.78M
YoY Change -9.09% 0.0% -2.72%
% of Operating Profit -20.41% -31.88%
Other Income/Expense, Net $1.100M $2.400M -$26.36M
YoY Change -54.17% -11.11% 47.33%
Pretax Income $13.70M $16.60M $20.83M
YoY Change -17.47% 21.17% -48.11%
Income Tax $2.400M $4.900M $12.73M
% Of Pretax Income 17.52% 29.52% 61.11%
Net Earnings $11.30M $13.70M -$174.6M
YoY Change -17.52% 22.32% -517.01%
Net Earnings / Revenue 3.09% 3.59% -12.95%
Basic Earnings Per Share -$2.13
Diluted Earnings Per Share $135.3K $165.9K -$2.13
COMMON SHARES
Basic Shares Outstanding 82.65M shares 81.93M shares 81.80M shares
Diluted Shares Outstanding 81.80M shares

Balance Sheet

Concept 2013 Q4 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $331.2M $285.5M $285.5M
YoY Change 16.01% 43.04% 43.04%
Cash & Equivalents $330.6M $285.4M $285.4M
Short-Term Investments $600.0K $0.00 $0.00
Other Short-Term Assets $45.30M $32.60M $32.60M
YoY Change 38.96% 25.87% 25.87%
Inventory $138.1M $146.0M $146.0M
Prepaid Expenses
Receivables $277.1M $301.5M $301.5M
Other Receivables $13.30M $100.0K $100.0K
Total Short-Term Assets $805.0M $765.6M $765.6M
YoY Change 5.14% 14.01% 14.01%
LONG-TERM ASSETS
Property, Plant & Equipment $810.7M $833.7M $833.7M
YoY Change -2.76% 8.72% 8.72%
Goodwill $12.12M $12.12M
YoY Change 0.0% -93.39%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.13M $28.57M $28.60M
YoY Change -36.53% 13.78% -39.02%
Total Long-Term Assets $868.6M $911.4M $911.4M
YoY Change -4.69% -15.42% -15.42%
TOTAL ASSETS
Total Short-Term Assets $805.0M $765.6M $765.6M
Total Long-Term Assets $868.6M $911.4M $911.4M
Total Assets $1.674B $1.677B $1.677B
YoY Change -0.2% -4.12% -4.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $192.4M $186.7M $221.3M
YoY Change 3.01% 25.29% 19.04%
Accrued Expenses $88.30M $72.80M $72.80M
YoY Change 21.29% -3.32% -3.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $96.20M $30.00M $30.00M
YoY Change 220.64% -75.18% -75.19%
Total Short-Term Liabilities $458.0M $369.9M $369.9M
YoY Change 23.82% -15.39% -15.37%
LONG-TERM LIABILITIES
Long-Term Debt $477.5M $527.5M $527.5M
YoY Change -9.48% 142.68% 43.15%
Other Long-Term Liabilities $32.74M $26.71M $26.70M
YoY Change 22.56% 343.48% 345.0%
Total Long-Term Liabilities $510.3M $554.3M $554.2M
YoY Change -7.93% 42.39% 47.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $458.0M $369.9M $369.9M
Total Long-Term Liabilities $510.3M $554.3M $554.2M
Total Liabilities $968.3M $924.1M $1.023B
YoY Change 4.78% 11.83% 8.81%
SHAREHOLDERS EQUITY
Retained Earnings $64.27M $45.92M
YoY Change 39.96% -79.92%
Common Stock $576.7M $546.1M
YoY Change 5.61% 1.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $705.3M $653.9M $653.9M
YoY Change
Total Liabilities & Shareholders Equity $1.674B $1.677B $1.677B
YoY Change -0.2% -4.12% -4.12%

Cashflow Statement

Concept 2013 Q4 2012 Q4 2012
OPERATING ACTIVITIES
Net Income $11.30M $13.70M -$174.6M
YoY Change -17.52% 22.32% -517.01%
Depreciation, Depletion And Amortization $25.60M $26.50M $84.29M
YoY Change -3.4% 8.61% 20.93%
Cash From Operating Activities $12.00M $66.80M $182.6M
YoY Change -82.04% 109.4% 1.8%
INVESTING ACTIVITIES
Capital Expenditures -$23.10M -$49.70M $139.6M
YoY Change -53.52% 14.25% -2.24%
Acquisitions
YoY Change
Other Investing Activities $300.0K $0.00 $3.100M
YoY Change -100.0% 47.62%
Cash From Investing Activities -$22.80M -$49.60M -$136.4M
YoY Change -54.03% 18.66% -2.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $442.2M
YoY Change 558.77%
Cash From Financing Activities 72.10M -11.20M 45.07M
YoY Change -743.75% 5500.0% -181.62%
NET CHANGE
Cash From Operating Activities 12.00M 66.80M 182.6M
Cash From Investing Activities -22.80M -49.60M -136.4M
Cash From Financing Activities 72.10M -11.20M 45.07M
Net Change In Cash 61.30M 6.000M 91.19M
YoY Change 921.67% -159.41% -653.1%
FREE CASH FLOW
Cash From Operating Activities $12.00M $66.80M $182.6M
Capital Expenditures -$23.10M -$49.70M $139.6M
Free Cash Flow $35.10M $116.5M $43.02M
YoY Change -69.87% 54.51% 17.54%

Facts In Submission

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CY2013 ttmi Adjustment To Allowance Due To Sale Of Subsidiary
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CY2013 ttmi Convertible Notes Contractual Coupon Interest
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CY2014 dei Document Period End Date
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CY2014 dei Document Type
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10-K
CY2014 dei Entity Registrant Name
EntityRegistrantName
TTM TECHNOLOGIES INC
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CY2014 dei Trading Symbol
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TTMI
CY2014 dei Entity Filer Category
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CY2014 dei Entity Voluntary Filers
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CY2014 us-gaap Use Of Estimates
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CY2014 dei Document Fiscal Year Focus
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CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2405000
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8140000
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2659000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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CY2012 us-gaap Interest Paid
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CY2012 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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112000
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2012 us-gaap Dividends
Dividends
47600000
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CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2012 us-gaap Amortization Of Debt Discount Premium
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CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2012 us-gaap Impairment Of Intangible Assets Finitelived
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CY2012 us-gaap Other Operating Activities Cash Flow Statement
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CY2012 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2012 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2012 us-gaap Tangible Asset Impairment Charges
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912000
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CY2012 ttmi Sale Of Accounts Receivable
SaleOfAccountsReceivable
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CY2012 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Deductions
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21764000
CY2012 ttmi Financing Receivable Allowance For Credit Losses Effect Of Foreign Currency Exchange Rates
FinancingReceivableAllowanceForCreditLossesEffectOfForeignCurrencyExchangeRates
13000
CY2012 ttmi Revenue Recognition Reserve Sales Returns Effects Of Foreign Currency Exchange Rates
RevenueRecognitionReserveSalesReturnsEffectsOfForeignCurrencyExchangeRates
7000
CY2012 ttmi Amortization Expense Excluding Portion Recorded In Cost Of Goods Sold
AmortizationExpenseExcludingPortionRecordedInCostOfGoodsSold
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CY2012 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Provision
RevenueRecognitionSalesReturnsReserveForSalesReturnsProvision
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CY2012 ttmi Capital Expenditures
CapitalExpenditures
160554000
CY2012 ttmi Reporting Segment Information Operating Income Loss
ReportingSegmentInformationOperatingIncomeLoss
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CY2012 ttmi Convertible Notes Contractual Coupon Interest
ConvertibleNotesContractualCouponInterest
5688000
CY2012 ttmi Amortization Of Debt Issuance Costs
AmortizationOfDebtIssuanceCosts
644000

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