2013 Q2 Form 10-Q Financial Statement

#000119312513302740 Filed on July 25, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q4 2012 Q2
Revenue $54.42M $53.17M $52.55M
YoY Change 3.58%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $8.435M $9.886M $11.01M
YoY Change -23.35%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $23.19M $16.03M $15.45M
YoY Change 50.15% 27.22% -0.98%
Income Tax $6.176M $3.380M $3.449M
% Of Pretax Income 26.63% 21.09% 22.33%
Net Earnings $17.02M $12.70M $12.00M
YoY Change 41.83% 19.81% 0.82%
Net Earnings / Revenue 31.27% 23.88% 22.83%
Basic Earnings Per Share $0.58 $0.46 $0.45
Diluted Earnings Per Share $0.58 $0.46 $0.45
COMMON SHARES
Basic Shares Outstanding 29.25M shares 26.65M shares
Diluted Shares Outstanding 29.31M shares 26.65M shares

Balance Sheet

Concept 2013 Q2 2012 Q4 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.658B $1.749B
YoY Change
Cash & Equivalents $78.07M $125.6M $102.8M
Short-Term Investments $1.580B $1.624B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $91.89M $88.87M $81.00M
YoY Change 13.45% 8.37% -3.57%
Goodwill $312.9M
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.600M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $6.084B $6.079B $5.525B
YoY Change 10.12% 9.8% 1.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.000M $4.000M $5.000M
YoY Change -20.0% -20.0% -16.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $201.0M $143.0M $191.0M
YoY Change 5.24% -27.41% -8.61%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.000M $4.000M $5.000M
YoY Change -20.0% -20.0% -16.67%
LONG-TERM LIABILITIES
Long-Term Debt $106.0M $114.0M $106.0M
YoY Change 0.0% 7.55% 0.0%
Other Long-Term Liabilities $49.00M $48.00M $39.00M
YoY Change 25.64% 50.0% 14.71%
Total Long-Term Liabilities $155.0M $162.0M $145.0M
YoY Change 6.9% 17.39% 3.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.000M $4.000M $5.000M
Total Long-Term Liabilities $155.0M $162.0M $145.0M
Total Liabilities $5.358B $5.365B $4.876B
YoY Change 9.88% 9.44% 1.52%
SHAREHOLDERS EQUITY
Retained Earnings $441.2M $419.2M
YoY Change
Common Stock $303.6M $302.5M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares 0.000 shares
Shareholders Equity $726.2M $714.2M $649.1M
YoY Change
Total Liabilities & Shareholders Equity $6.084B $6.079B $5.525B
YoY Change 10.12% 9.8% 1.82%

Cashflow Statement

Concept 2013 Q2 2012 Q4 2012 Q2
OPERATING ACTIVITIES
Net Income $17.02M $12.70M $12.00M
YoY Change 41.83% 19.81% 0.82%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $34.70M $12.80M $25.70M
YoY Change 35.02% -57.05% -8.87%
INVESTING ACTIVITIES
Capital Expenditures -$2.800M -$3.500M -$600.0K
YoY Change 366.67% 483.33% -25.0%
Acquisitions
YoY Change
Other Investing Activities -$131.5M $141.7M $7.400M
YoY Change -1877.03% -322.8% -109.05%
Cash From Investing Activities -$134.3M $138.2M $6.800M
YoY Change -2075.0% -315.6% -108.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -700.0K -141.9M -86.90M
YoY Change -99.19% -587.63% -313.51%
NET CHANGE
Cash From Operating Activities 34.70M 12.80M 25.70M
Cash From Investing Activities -134.3M 138.2M 6.800M
Cash From Financing Activities -700.0K -141.9M -86.90M
Net Change In Cash -100.3M 9.100M -54.40M
YoY Change 84.37% -275.0% 297.08%
FREE CASH FLOW
Cash From Operating Activities $34.70M $12.80M $25.70M
Capital Expenditures -$2.800M -$3.500M -$600.0K
Free Cash Flow $37.50M $16.30M $26.30M
YoY Change 42.59% -46.38% -9.31%

Facts In Submission

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2802000
CY2013Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
289000
CY2013Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1151000
CY2013Q2 us-gaap Marketing Expense
MarketingExpense
1624000
CY2013Q2 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
5881000
CY2013Q2 us-gaap Interest Expense Money Market Deposits
InterestExpenseMoneyMarketDeposits
338000
CY2013Q2 us-gaap Occupancy Net
OccupancyNet
2830000
CY2013Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
15772000
CY2013Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
982000
CY2013Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
62743000
CY2013Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
840000
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-909000
CY2013Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1021000
CY2013Q2 us-gaap Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
808000
CY2013Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
919000
CY2013Q2 us-gaap Interest Expense Demand Deposit Accounts
InterestExpenseDemandDepositAccounts
365000
CY2013Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
6711000
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
561000
CY2013Q2 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
127000
CY2013Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
11000
CY2013Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
698000
CY2013Q2 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
9698000
CY2013Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
333000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6176000
CY2013Q2 wsbc Restructuring And Merger Related Charges
RestructuringAndMergerRelatedCharges
51000
CY2013Q2 wsbc Other Comprehensive Income Reclassification Adjustment For Securities Transferred From Available For Sale To Held To Maturity Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSecuritiesTransferredFromAvailableForSaleToHeldToMaturityBeforeTax
-362000
CY2013Q2 wsbc Other Comprehensive Income Reclassification Adjustment For Securities Transferred From Available For Sale To Held To Maturity Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSecuritiesTransferredFromAvailableForSaleToHeldToMaturityTax
-133000
CY2013Q2 wsbc Net Gain Loss On Other Real Estate Owned And Other Assets
NetGainLossOnOtherRealEstateOwnedAndOtherAssets
101000
CY2013Q2 wsbc Other Comprehensive Income Loss Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentsNetOfTax
275000
CY2013Q2 wsbc Employee Benefits
EmployeeBenefits
5813000
CY2013Q2 wsbc Electronic Banking Fees
ElectronicBankingFees
3195000
CY2013Q2 wsbc Other Comprehensive Income Reclassification Adjustment For Securities Transferred From Available For Sale To Held To Maturity Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSecuritiesTransferredFromAvailableForSaleToHeldToMaturityNetOfTax
-229000

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