$VICR
VICOR CORP

2017 Q3 Form 10-Q Financial Statement

#000119312517326819 Filed on October 31, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q3
Revenue $56.89M $48.09M $53.23M
YoY Change 6.88% -6.44% 9.38%
Cost Of Revenue $31.75M $26.59M $27.30M
YoY Change 16.27% -6.9% -0.27%
Gross Profit $25.14M $21.50M $25.92M
YoY Change -3.01% -5.83% 21.78%
Gross Profit Margin 44.2% 44.71% 48.7%
Selling, General & Admin $14.50M $14.03M $13.31M
YoY Change 8.92% -6.34% -0.53%
% of Gross Profit 57.67% 65.26% 51.35%
Research & Development $10.54M $10.02M $10.34M
YoY Change 1.98% -2.72% 2.14%
% of Gross Profit 41.93% 46.61% 39.88%
Depreciation & Amortization $2.244M $2.060M $2.073M
YoY Change 8.25% -5.94% -7.08%
% of Gross Profit 8.92% 9.58% 8.0%
Operating Expenses $25.04M $24.05M $23.65M
YoY Change 5.89% -4.9% 0.62%
Operating Profit $100.0K -$2.551M $2.273M
YoY Change -95.6% 3.74% -202.48%
Interest Expense $130.0K -$350.0K $10.00K
YoY Change 1200.0% 150.0%
% of Operating Profit 130.0% 0.44%
Other Income/Expense, Net $309.0K $290.0K $211.0K
YoY Change 46.45% 93.33% 21000.0%
Pretax Income $409.0K -$2.620M $2.484M
YoY Change -83.53% 7.38% -212.04%
Income Tax $371.0K $60.00K $133.0K
% Of Pretax Income 90.71% 5.35%
Net Earnings -$11.00K -$2.688M $2.336M
YoY Change -100.47% 53.42% -6.67%
Net Earnings / Revenue -0.02% -5.59% 4.39%
Basic Earnings Per Share $0.00 $0.06
Diluted Earnings Per Share $0.00 -$69.08K $0.06
COMMON SHARES
Basic Shares Outstanding 39.29M shares 38.84M shares
Diluted Shares Outstanding 39.29M shares 39.18M shares

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.90M $56.20M $55.10M
YoY Change -11.25% -10.79% -19.68%
Cash & Equivalents $48.94M $56.17M $55.07M
Short-Term Investments
Other Short-Term Assets $3.470M $3.250M $3.086M
YoY Change 12.44% 4.77% 5.36%
Inventory $33.88M $27.14M $26.56M
Prepaid Expenses
Receivables $33.81M $25.22M $28.03M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $120.1M $111.8M $112.7M
YoY Change 6.53% -3.23% -7.95%
LONG-TERM ASSETS
Property, Plant & Equipment $41.25M $37.57M $37.54M
YoY Change 9.89% 0.33% 3.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.600M $2.500M $2.600M
YoY Change 0.0% -13.79% -13.33%
Other Assets $2.108M $2.175M $2.172M
YoY Change -2.95% 27.34% 26.43%
Total Long-Term Assets $45.98M $42.30M $42.30M
YoY Change 8.7% 0.61% 3.68%
TOTAL ASSETS
Total Short-Term Assets $120.1M $111.8M $112.7M
Total Long-Term Assets $45.98M $42.30M $42.30M
Total Assets $166.1M $154.1M $155.0M
YoY Change 7.12% -2.21% -5.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.51M $7.588M $7.965M
YoY Change 44.48% 1.58% -9.52%
Accrued Expenses $2.311M $2.179M $2.178M
YoY Change 6.11% -15.15% -6.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $31.78M $22.23M $21.44M
YoY Change 48.22% 7.89% -2.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $90.00K $800.0K $900.0K
YoY Change -90.0% 0.0% -35.71%
Total Long-Term Liabilities $90.00K $800.0K $900.0K
YoY Change -90.0% 0.0% -35.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $31.78M $22.23M $21.44M
Total Long-Term Liabilities $90.00K $800.0K $900.0K
Total Liabilities $32.46M $23.05M $22.30M
YoY Change 45.54% 7.41% -5.97%
SHAREHOLDERS EQUITY
Retained Earnings $91.99M $93.44M $96.13M
YoY Change -4.3% -6.27% -5.24%
Common Stock $180.5M $176.7M $175.3M
YoY Change 3.0% 1.15% 0.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $138.9M $138.9M $138.9M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 11.67M shares
Shareholders Equity $133.3M $130.8M $132.5M
YoY Change
Total Liabilities & Shareholders Equity $166.1M $154.1M $155.0M
YoY Change 7.12% -2.21% -5.04%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$11.00K -$2.688M $2.336M
YoY Change -100.47% 53.42% -6.67%
Depreciation, Depletion And Amortization $2.244M $2.060M $2.073M
YoY Change 8.25% -5.94% -7.08%
Cash From Operating Activities $1.340M $2.120M $2.430M
YoY Change -44.86% -243.24% 262.69%
INVESTING ACTIVITIES
Capital Expenditures -$4.530M -$2.060M -$1.720M
YoY Change 163.37% -40.97% -24.56%
Acquisitions
YoY Change
Other Investing Activities $60.00K -$70.00K -$80.00K
YoY Change -175.0% -84.09% -101.63%
Cash From Investing Activities -$4.480M -$2.140M -$1.790M
YoY Change 150.28% -45.55% -167.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 680.0K 1.090M 290.0K
YoY Change 134.48% -705.56% 222.22%
NET CHANGE
Cash From Operating Activities 1.340M 2.120M 2.430M
Cash From Investing Activities -4.480M -2.140M -1.790M
Cash From Financing Activities 680.0K 1.090M 290.0K
Net Change In Cash -2.460M 1.070M 930.0K
YoY Change -364.52% -119.14% -72.73%
FREE CASH FLOW
Cash From Operating Activities $1.340M $2.120M $2.430M
Capital Expenditures -$4.530M -$2.060M -$1.720M
Free Cash Flow $5.870M $4.180M $4.150M
YoY Change 41.45% 107.96% 40.68%

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731000

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