$VICR
VICOR CORP

2018 Q1 Form 10-Q Financial Statement

#000119312518145528 Filed on May 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $65.27M $54.46M
YoY Change 19.84% 18.33%
Cost Of Revenue $35.06M $30.81M
YoY Change 13.79% 15.35%
Gross Profit $30.21M $23.65M
YoY Change 27.73% 22.45%
Gross Profit Margin 46.29% 43.43%
Selling, General & Admin $15.40M $14.02M
YoY Change 9.81% 0.05%
% of Gross Profit 50.97% 59.29%
Research & Development $11.13M $11.01M
YoY Change 1.08% 2.59%
% of Gross Profit 36.83% 46.54%
Depreciation & Amortization $2.269M $2.157M
YoY Change 5.19% -1.73%
% of Gross Profit 7.51% 9.12%
Operating Expenses $26.53M $25.03M
YoY Change 5.97% 1.15%
Operating Profit $3.686M -$1.378M
YoY Change -367.49% -74.62%
Interest Expense $240.0K $140.0K
YoY Change 71.43% 40.0%
% of Operating Profit 6.51%
Other Income/Expense, Net $430.0K $325.0K
YoY Change 32.31% 333.33%
Pretax Income $4.116M -$1.053M
YoY Change -490.88% -80.33%
Income Tax $134.0K -$99.00K
% Of Pretax Income 3.26%
Net Earnings $3.943M -$974.0K
YoY Change -504.83% -81.8%
Net Earnings / Revenue 6.04% -1.79%
Basic Earnings Per Share $0.10 -$0.02
Diluted Earnings Per Share $0.10 -$0.02
COMMON SHARES
Basic Shares Outstanding 39.48M 39.07M shares
Diluted Shares Outstanding 40.17M 39.07M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.70M $52.80M
YoY Change -19.13% -11.56%
Cash & Equivalents $42.68M $52.83M
Short-Term Investments
Other Short-Term Assets $3.733M $3.446M
YoY Change 8.33% 13.06%
Inventory $38.96M $27.43M
Prepaid Expenses
Receivables $41.63M $29.98M
Other Receivables $0.00 $0.00
Total Short-Term Assets $127.0M $113.7M
YoY Change 11.72% 3.1%
LONG-TERM ASSETS
Property, Plant & Equipment $40.97M $38.10M
YoY Change 7.54% 2.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.500M $2.500M
YoY Change 0.0% -3.85%
Other Assets $2.892M $2.226M
YoY Change 29.92% 16.67%
Total Long-Term Assets $46.63M $42.89M
YoY Change 8.71% 2.97%
TOTAL ASSETS
Total Short-Term Assets $127.0M $113.7M
Total Long-Term Assets $46.63M $42.89M
Total Assets $173.6M $156.6M
YoY Change 10.9% 3.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.40M $9.090M
YoY Change 25.37% 10.42%
Accrued Expenses $2.262M $2.104M
YoY Change 7.51% -5.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.11M $24.50M
YoY Change 6.58% 18.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $95.00K $64.00K
YoY Change 48.44% -93.6%
Total Long-Term Liabilities $95.00K $64.00K
YoY Change 48.44% -93.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.11M $24.50M
Total Long-Term Liabilities $95.00K $64.00K
Total Liabilities $27.28M $25.33M
YoY Change 7.7% 17.39%
SHAREHOLDERS EQUITY
Retained Earnings $101.2M $92.46M
YoY Change 9.47% -1.98%
Common Stock $183.4M $177.8M
YoY Change 3.18% 1.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $138.9M $138.9M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $146.0M $131.0M
YoY Change
Total Liabilities & Shareholders Equity $173.6M $156.6M
YoY Change 10.9% 3.07%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $3.943M -$974.0K
YoY Change -504.83% -81.8%
Depreciation, Depletion And Amortization $2.269M $2.157M
YoY Change 5.19% -1.73%
Cash From Operating Activities -$812.0K -$1.350M
YoY Change -39.85% 62.65%
INVESTING ACTIVITIES
Capital Expenditures $1.858M $2.648M
YoY Change -29.83% 40.33%
Acquisitions
YoY Change
Other Investing Activities $104.0K $65.00K
YoY Change 60.0% -69.63%
Cash From Investing Activities -$1.948M -$2.710M
YoY Change -28.12% 29.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.285M $760.0K
YoY Change 69.08% 3900.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.191M 720.0K
YoY Change 65.42% -305.71%
NET CHANGE
Cash From Operating Activities -812.0K -1.350M
Cash From Investing Activities -1.948M -2.710M
Cash From Financing Activities 1.191M 720.0K
Net Change In Cash -1.569M -3.340M
YoY Change -53.02% 1.83%
FREE CASH FLOW
Cash From Operating Activities -$812.0K -$1.350M
Capital Expenditures $1.858M $2.648M
Free Cash Flow -$2.670M -$3.998M
YoY Change -33.22% 47.15%

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-812000
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
26525000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1191000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
3943000
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
39000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3686000
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
430000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
263000
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
242000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-21000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
21000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
428000
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1858000
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
104000
CY2018Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1285000
CY2018Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
14000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
3982000
CY2018Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11126000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
65269000
CY2018Q1 us-gaap Sales Revenue Net
SalesRevenueNet
65269000
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15399000
CY2018Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
57000
CY2018Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
123000
CY2018Q1 dei Trading Symbol
TradingSymbol
VICR
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40167000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39479000 shares
CY2018Q1 vicr Payment Of Contingent Consideration
PaymentOfContingentConsideration
94000
CY2018Q1 vicr Revisions Of Estimated Obligations
RevisionsOfEstimatedObligations
10000
CY2018Q1 vicr Provision Benefit For Doubtful Accounts
ProvisionBenefitForDoubtfulAccounts
32000
CY2018Q1 vicr Increase Or Decrease Fair Value Of Failed Auction Securities
IncreaseOrDecreaseFairValueOfFailedAuctionSecurities
100000
CY2018Q1 vicr Allocated Share Based Compensation Expenses And Adjustments
AllocatedShareBasedCompensationExpensesAndAdjustments
736000
CY2018Q1 vicr Auction Failed Securities Unrealized Loss Position Minimum Period
AuctionFailedSecuritiesUnrealizedLossPositionMinimumPeriod
P12M
CY2018Q1 vicr Product Warranty Periods
ProductWarrantyPeriods
P2Y
CY2018Q1 vicr Estimated Timeframe For Auctions Of Securities Minimum
EstimatedTimeframeForAuctionsOfSecuritiesMinimum
P3Y
CY2018Q1 vicr Customer Payments Period
CustomerPaymentsPeriod
P0Y
CY2018Q1 vicr Estimated Timeframe For Auctions Of Securities Maximum
EstimatedTimeframeForAuctionsOfSecuritiesMaximum
P5Y
CY2018Q1 vicr Percentage Of Credit Loss
PercentageOfCreditLoss
0.020 pure
CY2018Q1 vicr Percentage Of Liquidity Risk Premium
PercentageOfLiquidityRiskPremium
0.050 pure
CY2018Q1 vicr Increase Or Decrease In Liquidity Risk Premium
IncreaseOrDecreaseInLiquidityRiskPremium
0.010 pure
CY2018Q1 vicr Rate Of Return Required
RateOfReturnRequired
0.050 pure

Files In Submission

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0001193125-18-145528-index-headers.html Edgar Link pending
0001193125-18-145528-index.html Edgar Link pending
0001193125-18-145528.txt Edgar Link pending
0001193125-18-145528-xbrl.zip Edgar Link pending
d558887d10q.htm Edgar Link pending
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report.css Edgar Link pending
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vicr-20180331.xml Edgar Link completed
vicr-20180331.xsd Edgar Link pending
vicr-20180331_cal.xml Edgar Link unprocessable
vicr-20180331_def.xml Edgar Link unprocessable
vicr-20180331_lab.xml Edgar Link unprocessable
vicr-20180331_pre.xml Edgar Link unprocessable