2013 Q3 Form 10-Q Financial Statement

#000110465913082512 Filed on November 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $99.32M $132.7M
YoY Change -25.16% -50.47%
Cost Of Revenue $69.02M $82.83M
YoY Change -16.68% -42.09%
Gross Profit $30.31M $49.88M
YoY Change -39.24% -60.07%
Gross Profit Margin 30.51% 37.59%
Selling, General & Admin $19.65M $13.89M
YoY Change 41.45% -41.06%
% of Gross Profit 64.83% 27.85%
Research & Development $18.99M $25.78M
YoY Change -26.31% -2.38%
% of Gross Profit 62.67% 51.67%
Depreciation & Amortization $4.100M $4.400M
YoY Change -6.82% 25.71%
% of Gross Profit 13.53% 8.82%
Operating Expenses $40.25M $42.42M
YoY Change -5.13% -16.9%
Operating Profit -$9.937M $7.463M
YoY Change -233.15% -89.9%
Interest Expense $200.0K $200.0K
YoY Change 0.0% 0.0%
% of Operating Profit 2.68%
Other Income/Expense, Net
YoY Change
Pretax Income -$9.745M $7.639M
YoY Change -227.57% -89.69%
Income Tax -$3.719M -$59.00K
% Of Pretax Income -0.77%
Net Earnings -$6.000M $11.80M
YoY Change -150.85% -67.13%
Net Earnings / Revenue -6.04% 8.89%
Basic Earnings Per Share -$0.16 $0.30
Diluted Earnings Per Share -$0.16 $0.30
COMMON SHARES
Basic Shares Outstanding 38.84M shares 38.58M shares
Diluted Shares Outstanding 38.84M shares 39.17M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $570.2M $572.7M
YoY Change -0.44% 34.45%
Cash & Equivalents $247.7M $387.0M
Short-Term Investments $322.5M $185.7M
Other Short-Term Assets $50.30M $50.80M
YoY Change -0.98% -44.96%
Inventory $57.59M $74.36M
Prepaid Expenses
Receivables $37.80M $60.32M
Other Receivables $0.00 $0.00
Total Short-Term Assets $715.8M $758.2M
YoY Change -5.59% -0.37%
LONG-TERM ASSETS
Property, Plant & Equipment $95.70M $99.06M
YoY Change -3.39% 30.0%
Goodwill $55.83M $55.83M
YoY Change 0.0%
Intangibles $22.01M
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.40M $19.45M
YoY Change 20.29% 41.99%
Total Long-Term Assets $193.3M $196.3M
YoY Change -1.54% 13.36%
TOTAL ASSETS
Total Short-Term Assets $715.8M $758.2M
Total Long-Term Assets $193.3M $196.3M
Total Assets $909.1M $954.6M
YoY Change -4.76% 2.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.30M $35.43M
YoY Change -20.12% -20.92%
Accrued Expenses $60.30M $87.32M
YoY Change -30.94% -35.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $263.0K
YoY Change 14.07% 31.5%
Total Short-Term Liabilities $97.90M $129.8M
YoY Change -24.59% -33.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.900M $2.207M
YoY Change -13.91% -11.72%
Other Long-Term Liabilities $4.900M $303.0K
YoY Change 1517.16% -62.13%
Total Long-Term Liabilities $6.800M $2.510M
YoY Change 170.92% -23.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.90M $129.8M
Total Long-Term Liabilities $6.800M $2.510M
Total Liabilities $111.8M $137.4M
YoY Change -18.61% -30.98%
SHAREHOLDERS EQUITY
Retained Earnings $75.95M $105.2M
YoY Change -27.79%
Common Stock $716.8M $705.5M
YoY Change 1.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $797.3M $817.2M
YoY Change
Total Liabilities & Shareholders Equity $909.1M $954.6M
YoY Change -4.76% 2.18%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$6.000M $11.80M
YoY Change -150.85% -67.13%
Depreciation, Depletion And Amortization $4.100M $4.400M
YoY Change -6.82% 25.71%
Cash From Operating Activities -$9.200M $45.50M
YoY Change -120.22% -399.34%
INVESTING ACTIVITIES
Capital Expenditures -$2.000M -$6.100M
YoY Change -67.21% -62.35%
Acquisitions
YoY Change
Other Investing Activities $17.10M $25.60M
YoY Change -33.2% -87.14%
Cash From Investing Activities $15.10M $19.50M
YoY Change -22.56% -89.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K 4.300M
YoY Change -102.33% -102.82%
NET CHANGE
Cash From Operating Activities -9.200M 45.50M
Cash From Investing Activities 15.10M 19.50M
Cash From Financing Activities -100.0K 4.300M
Net Change In Cash 5.800M 69.30M
YoY Change -91.63% 352.94%
FREE CASH FLOW
Cash From Operating Activities -$9.200M $45.50M
Capital Expenditures -$2.000M -$6.100M
Free Cash Flow -$7.200M $51.60M
YoY Change -113.95% 5060.0%

Facts In Submission

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dei Document Type
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dei Document Period End Date
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CY2013Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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14000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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248000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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CommonStockParOrStatedValuePerShare
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us-gaap Depreciation Depletion And Amortization
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4801000 USD
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485000 USD
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199000 USD
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278000 USD
us-gaap Share Based Compensation
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10629000 USD
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veco Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Discontinued Operations
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us-gaap Disposal Group Including Discontinued Operation Revenue
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4112000 USD
CY2013Q3 us-gaap Preferred Stock Value
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225000 USD
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CY2013Q3 veco Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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1000 USD
CY2012Q3 veco Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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11000 USD
veco Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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52000 USD
veco Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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20000 USD
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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2000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
13000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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0 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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117000 USD
veco Transfers From Property Plant And Equipment To Inventory
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1242000 USD
veco Transfers From Inventory To Property Plant And Equipment
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1144000 USD
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1000000 shares
veco Earnings Per Share Potentially Dilutive Securities Attributable To Outstanding Stock Options And Restricted Sock
EarningsPerSharePotentiallyDilutiveSecuritiesAttributableToOutstandingStockOptionsAndRestrictedSock
1100000 shares
CY2012Q3 veco Earnings Per Share Potentially Dilutive Securities Attributable To Outstanding Stock Options And Restricted Sock
EarningsPerSharePotentiallyDilutiveSecuritiesAttributableToOutstandingStockOptionsAndRestrictedSock
1100000 shares
veco Earnings Per Share Potentially Dilutive Securities Attributable To Outstanding Stock Options And Restricted Sock
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1200000 shares
us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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1400000 USD
CY2013Q3 us-gaap Customer Deposits Current
CustomerDepositsCurrent
24200000 USD
CY2012Q4 us-gaap Customer Deposits Current
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32700000 USD

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