$WNC
WABASH NATIONAL Corp

2015 Q2 Form 10-Q Financial Statement

#000114420415044628 Filed on July 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q4 2014 Q2
Revenue $514.8M $527.5M $486.0M
YoY Change 5.93% 15.08% 17.64%
Cost Of Revenue $442.4M $424.4M
YoY Change 4.25% 19.8%
Gross Profit $72.41M $62.72M $61.61M
YoY Change 17.52% 19.27% 4.69%
Gross Profit Margin 14.06% 11.89% 12.68%
Selling, General & Admin $25.04M $22.29M
YoY Change 12.33% -1.85%
% of Gross Profit 34.58% 36.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $25.04M $22.29M
YoY Change 12.33% -1.85%
Operating Profit $42.05M $33.86M
YoY Change 24.22% 11.17%
Interest Expense $4.802M $5.733M
YoY Change -16.24% -12.83%
% of Operating Profit 11.42% 16.93%
Other Income/Expense, Net $8.069M -$1.048M
YoY Change -869.94% 214.71%
Pretax Income $45.32M $27.07M
YoY Change 67.4% 15.0%
Income Tax $16.67M $10.84M
% Of Pretax Income 36.79% 40.02%
Net Earnings $28.65M $19.09M $16.24M
YoY Change 76.42% 83.13% 14.89%
Net Earnings / Revenue 5.56% 3.62% 3.34%
Basic Earnings Per Share $0.42 $0.28 $0.23
Diluted Earnings Per Share $0.41 $0.27 $0.23
COMMON SHARES
Basic Shares Outstanding 67.59M shares 68.98M shares 68.94K shares
Diluted Shares Outstanding 70.69M shares 71.56K shares

Balance Sheet

Concept 2015 Q2 2014 Q4 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $139.6M $146.1M $82.33M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $244.2M $177.1M $256.1M
Prepaid Expenses $10.20M
Receivables $142.3M $135.2M $131.5M
Other Receivables
Total Short-Term Assets $569.1M $485.7M $492.3M
YoY Change 15.58% 8.16% 6.77%
LONG-TERM ASSETS
Property, Plant & Equipment $134.5M $142.9M $136.8M
YoY Change -1.68% 0.57% -1.23%
Goodwill $149.6M $149.6M $149.4M
YoY Change 0.13% -0.24% -0.58%
Intangibles $126.5M $137.1M $148.4M
YoY Change -14.73% -13.87% -12.73%
Long-Term Investments
YoY Change
Other Assets $14.13M $13.40M $12.78M
YoY Change 10.55% 26.23% 24.12%
Total Long-Term Assets $425.7M $441.8M $447.6M
YoY Change -4.88% -4.63% -6.43%
TOTAL ASSETS
Total Short-Term Assets $569.1M $485.7M $492.3M
Total Long-Term Assets $425.7M $441.8M $447.6M
Total Assets $994.8M $927.4M $939.9M
YoY Change 5.84% 1.67% 0.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $137.1M $96.21M $128.4M
YoY Change 6.8% -14.21% 1.85%
Accrued Expenses $105.2M $88.69M $92.37M
YoY Change 13.87% -10.74% -1.72%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $5.513M $496.0K $3.255M
YoY Change 69.37% -84.71% -17.03%
Total Short-Term Liabilities $249.1M $186.9M $225.5M
YoY Change 10.48% -13.64% -0.05%
LONG-TERM LIABILITIES
Long-Term Debt $324.0M $324.8M $340.1M
YoY Change -4.73% -9.51% -14.37%
Other Long-Term Liabilities $19.76M $18.04M $17.08M
YoY Change 15.67% 176.35% 2.12%
Total Long-Term Liabilities $343.8M $342.8M $357.2M
YoY Change -3.75% -6.18% -13.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $249.1M $186.9M $225.5M
Total Long-Term Liabilities $343.8M $342.8M $357.2M
Total Liabilities $592.9M $332.5K $351.3K
YoY Change 168657.86% -10.27% -14.32%
SHAREHOLDERS EQUITY
Retained Earnings -$177.1M -$216.2M -$253.6M
YoY Change -30.17% -21.99% -16.52%
Common Stock $715.0K $709.0K $709.0K
YoY Change 0.85% 0.57% 0.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $70.30M $28.65M $28.65M
YoY Change 145.4% 5.51% 5.51%
Treasury Stock Shares 4.964M shares 1.987M shares 1.987M shares
Shareholders Equity $394.4M $390.8M $349.8M
YoY Change
Total Liabilities & Shareholders Equity $994.8M $928.7M $939.9M
YoY Change 5.84% 1.8% 0.05%

Cashflow Statement

Concept 2015 Q2 2014 Q4 2014 Q2
OPERATING ACTIVITIES
Net Income $28.65M $19.09M $16.24M
YoY Change 76.42% 83.13% 14.89%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Depreciation
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us-gaap Revenues
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us-gaap Revenues
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CY2015Q2 us-gaap Concentration Risk Percentage1
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1 pure
us-gaap Concentration Risk Percentage1
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us-gaap Concentration Risk Percentage1
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1 pure
dei Document Type
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10-Q
dei Amendment Flag
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false
dei Document Period End Date
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2015-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
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Q2
dei Entity Registrant Name
EntityRegistrantName
WABASH NATIONAL CORP /DE
dei Entity Central Index Key
EntityCentralIndexKey
0000879526
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
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Large Accelerated Filer
dei Trading Symbol
TradingSymbol
WNC
CY2015Q3 dei Entity Common Stock Shares Outstanding
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CY2015Q2 us-gaap Assets
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CY2014Q4 us-gaap Assets
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2531000 USD
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us-gaap Accretion Expense
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CY2014Q4 us-gaap Common Stock Shares Authorized
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CY2015Q2 us-gaap Treasury Stock Shares
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
23785000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Net Income Loss Available To Common Stockholders Basic
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39122000 USD
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23535000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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wnc Net Income Loss Available To Common Stockholders Excluding Undistributed Earnings Allocated To Participating Securities
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39122000 USD
CY2014Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
332527 USD
wnc Net Income Loss Available To Common Stockholders Excluding Undistributed Earnings Allocated To Participating Securities
NetIncomeLossAvailableToCommonStockholdersExcludingUndistributedEarningsAllocatedToParticipatingSecurities
23346000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
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68158 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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68805 shares
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
189000 USD
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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785 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q2 us-gaap Debt And Capital Lease Obligations
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591 shares
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536 shares
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556 shares
CY2015Q2 us-gaap Debt Instrument Convertible Conversion Price1
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CY2014Q2 us-gaap Debt Instrument Convertible Conversion Price1
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CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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wnc Employee Service Share Based Compensation Related To Nonvested Awards Total Compensation Cost Not Yet Recognizedperiodforrecognition
EmployeeServiceShareBasedCompensationRelatedToNonvestedAwardsTotalCompensationCostNotYetRecognizedperiodforrecognition
2018
CY2015Q2 us-gaap Loss Contingency Damages Sought Value
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20800000 BRL
CY2012Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Contingent Liability
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2900000 USD
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CY2015Q2 us-gaap Commitments And Contingencies
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USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
us-gaap Nature Of Operations
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <font style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> <strong> 1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; DESCRIPTION OF THE BUSINESS</strong></font>&#160; <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The condensed consolidated financial statements of Wabash National Corporation (the &#8220;Company&#8221;) have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the accompanying condensed consolidated financial statements contain all material adjustments (consisting only of normal recurring adjustments) necessary to present fairly the consolidated financial position of the Company, its results of operations and cash flows. The condensed consolidated financial statements included herein should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company&#8217;s 2014 Annual Report on Form 10-K.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Number Of Reportable Segments
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3 Segment
us-gaap Proceeds From Sale Of Property Plant And Equipment
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13168000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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81000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD

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