2019 Q2 Form 10-Q Financial Statement

#000155837020008652 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2019 Q2
Revenue $1.240B
YoY Change -4.22%
Cost Of Revenue $1.053B
YoY Change -6.7%
Gross Profit $186.7M
YoY Change 12.7%
Gross Profit Margin 15.06%
Selling, General & Admin $112.9M
YoY Change 7.93%
% of Gross Profit 60.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.70M
YoY Change 5.37%
% of Gross Profit 8.41%
Operating Expenses $112.9M
YoY Change 7.93%
Operating Profit $74.24M
YoY Change 22.47%
Interest Expense $2.407M
YoY Change 7.07%
% of Operating Profit 3.24%
Other Income/Expense, Net
YoY Change
Pretax Income $72.51M
YoY Change 23.85%
Income Tax $17.37M
% Of Pretax Income 23.95%
Net Earnings $54.52M
YoY Change 23.77%
Net Earnings / Revenue 4.4%
Basic Earnings Per Share $0.88
Diluted Earnings Per Share $0.88
COMMON SHARES
Basic Shares Outstanding 60.13M
Diluted Shares Outstanding 60.15M

Balance Sheet

Concept 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.30M
YoY Change -11.19%
Cash & Equivalents $20.50M
Short-Term Investments $16.80M
Other Short-Term Assets $46.87M
YoY Change 53.85%
Inventory $528.7M
Prepaid Expenses
Receivables $483.3M
Other Receivables $0.00
Total Short-Term Assets $1.097B
YoY Change -1.4%
LONG-TERM ASSETS
Property, Plant & Equipment $368.6M
YoY Change 8.18%
Goodwill $225.3M
YoY Change 2.58%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.33M
YoY Change 229.44%
Total Long-Term Assets $753.6M
YoY Change 20.76%
TOTAL ASSETS
Total Short-Term Assets $1.097B
Total Long-Term Assets $753.6M
Total Assets $1.851B
YoY Change 6.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $189.6M
YoY Change -3.93%
Accrued Expenses $158.9M
YoY Change 18.41%
Deferred Revenue $5.222M
YoY Change 13.13%
Short-Term Debt $25.00M
YoY Change -25.6%
Long-Term Debt Due $173.0K
YoY Change -68.08%
Total Short-Term Liabilities $379.6M
YoY Change 2.49%
LONG-TERM LIABILITIES
Long-Term Debt $187.5M
YoY Change -32.14%
Other Long-Term Liabilities $29.70M
YoY Change 4.58%
Total Long-Term Liabilities $217.2M
YoY Change -28.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $379.6M
Total Long-Term Liabilities $217.2M
Total Liabilities $667.4M
YoY Change -3.12%
SHAREHOLDERS EQUITY
Retained Earnings $917.7M
YoY Change 14.68%
Common Stock $61.37M
YoY Change -0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.167B
YoY Change
Total Liabilities & Shareholders Equity $1.851B
YoY Change 6.57%

Cashflow Statement

Concept 2019 Q2
OPERATING ACTIVITIES
Net Income $54.52M
YoY Change 23.77%
Depreciation, Depletion And Amortization $15.70M
YoY Change 5.37%
Cash From Operating Activities $126.7M
YoY Change 163.41%
INVESTING ACTIVITIES
Capital Expenditures -$26.60M
YoY Change -11.04%
Acquisitions
YoY Change
Other Investing Activities -$5.600M
YoY Change -83.77%
Cash From Investing Activities -$32.10M
YoY Change -50.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -91.40M
YoY Change -2956.25%
NET CHANGE
Cash From Operating Activities 126.7M
Cash From Investing Activities -32.10M
Cash From Financing Activities -91.40M
Net Change In Cash 3.200M
YoY Change -124.43%
FREE CASH FLOW
Cash From Operating Activities $126.7M
Capital Expenditures -$26.60M
Free Cash Flow $153.3M
YoY Change 96.54%

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ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTax
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CY2020Q2 ufpi Adjustments To Additional Paid In Capital Deferred Compensation
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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CY2019Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
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CY2019Q1 ufpi Issuance Of Shares Under Deferred Compensation Plans
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CY2019Q1 ufpi Adjustments To Additional Paid In Capital Deferred Compensation
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CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2019Q2 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
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StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
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CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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CY2019Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
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CY2019Q2 ufpi Issuance Of Shares Under Deferred Compensation Plans
IssuanceOfSharesUnderDeferredCompensationPlans
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2019Q2 ufpi Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
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us-gaap Depreciation
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ExpenseAssociatedWithShareBasedCompensationArrangementsExcludingStockGrantPlans
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ExpenseAssociatedWithShareBasedCompensationArrangementsExcludingStockGrantPlans
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us-gaap Deferred Income Taxes And Tax Credits
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GainLossOnSalesOfAssetsAndAssetImpairmentCharges
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GainLossOnSalesOfAssetsAndAssetImpairmentCharges
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IncreaseDecreaseInAccountsReceivable
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IncreaseDecreaseInAccountsReceivable
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IncreaseDecreaseInAccountsPayable
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IncreaseDecreaseInAccruedLiabilities
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IncreaseDecreaseInAccruedLiabilities
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NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments Of Dividends
PaymentsOfDividends
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PaymentsToMinorityShareholders
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PaymentsToAcquirePropertyPlantAndEquipment
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ProceedsFromSaleOfPropertyPlantAndEquipment
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ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
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us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
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PaymentsToAcquireInvestments
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us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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ProceedsFromLongTermLinesOfCredit
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RepaymentsOfDebt
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ProceedsFromIssuanceOfCommonStock
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ProceedsFromIssuanceOfCommonStock
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ProceedsFromPaymentsForOtherFinancingActivities
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ProceedsFromPaymentsForOtherFinancingActivities
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NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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RestrictedCashAndCashEquivalents
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RestrictedCashAndCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashAndCashEquivalentsAtCarryingValue
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CashAndCashEquivalentsAtCarryingValue
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RestrictedCashAndCashEquivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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StockIssued1
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us-gaap Stock Issued1
StockIssued1
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NumberOfTemporarilyClosedLocations
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CY2020Q2 ufpi Number Of Locations
NumberOfLocations
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CY2020Q2 ufpi Number Of Markets In Which Entity Operates
NumberOfMarketsInWhichEntityOperates
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RevenueFromContractWithCustomerIncludingAssessedTaxGross
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CY2019Q2 ufpi Revenue From Contract With Customer Including Assessed Tax Gross
RevenueFromContractWithCustomerIncludingAssessedTaxGross
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RevenueChangeInRevenuePercentage
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RevenueFromContractWithCustomerIncludingAssessedTaxGross
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RevenueFromContractWithCustomerIncludingAssessedTaxGross
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RevenueChangeInRevenuePercentage
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CY2020Q2 ufpi Sales Allowances
SalesAllowances
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CY2019Q2 ufpi Sales Allowances
SalesAllowances
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SalesAllowancesChangePercentagePeriodOverPeriod
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SalesAllowances
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ufpi Sales Allowances
SalesAllowances
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NetRevenueChangePercentagePeriodOverPeriod
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2020Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
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ContractWithCustomerAssetNetCurrent
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ContractWithCustomerAssetNetCurrent
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ContractWithCustomerLiabilityCurrent
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ContractWithCustomerLiabilityCurrent
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ContractWithCustomerLiabilityCurrent
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us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
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CY2020Q2 us-gaap Undistributed Earnings
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us-gaap Undistributed Earnings
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us-gaap Undistributed Earnings
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WeightedAverageNumberOfSharesIssuedBasic
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us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
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us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
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WeightedAverageNumberOfSharesRestrictedStock
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CY2019Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
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us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
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us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfSharesOutstandingBasic
60125000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59970000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60010000
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
18000
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
23000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
21000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59766000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60148000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59988000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60031000
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
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EarningsPerShareBasic
0.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.46
CY2020Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
1900000
CY2019Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2000000.0
us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
23000000.0
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
37300000
CY2020Q2 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
13800000
CY2020Q2 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
1300000
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
22200000
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
1700000
CY2020Q2 ufpi Revenue From Contract With Customer Including Assessed Tax Net
RevenueFromContractWithCustomerIncludingAssessedTaxNet
1242001000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
92359000
CY2019Q2 ufpi Revenue From Contract With Customer Including Assessed Tax Net
RevenueFromContractWithCustomerIncludingAssessedTaxNet
1239817000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
74237000
ufpi Revenue From Contract With Customer Including Assessed Tax Net
RevenueFromContractWithCustomerIncludingAssessedTaxNet
2274063000
us-gaap Operating Income Loss
OperatingIncomeLoss
150990000
ufpi Revenue From Contract With Customer Including Assessed Tax Net
RevenueFromContractWithCustomerIncludingAssessedTaxNet
2254943000
us-gaap Operating Income Loss
OperatingIncomeLoss
122683000
CY2019Q4 us-gaap Goodwill
Goodwill
229536000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
18289000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
224000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-567000
CY2020Q2 us-gaap Goodwill
Goodwill
247482000
CY2020Q2 us-gaap Assets
Assets
2058608000
CY2019Q4 us-gaap Assets
Assets
1889477000
CY2020Q2 ufpi Percentage Change In Assets
PercentageChangeInAssets
0.090
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.253
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.240
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.251
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
756000
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
38.62

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