2014 Q4 Form 10-Q Financial Statement

#000011047114000011 Filed on October 15, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q3
Revenue $716.6M
YoY Change 102.95%
Cost Of Revenue $430.6M
YoY Change 100.75%
Gross Profit $286.0M
YoY Change 106.35%
Gross Profit Margin 39.91%
Selling, General & Admin $192.3M
YoY Change 115.34%
% of Gross Profit 67.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.40M
YoY Change 192.31%
% of Gross Profit 3.99%
Operating Expenses $192.3M
YoY Change 115.34%
Operating Profit $86.30M
YoY Change 86.39%
Interest Expense $11.90M
YoY Change 3866.67%
% of Operating Profit 13.79%
Other Income/Expense, Net -$12.90M
YoY Change 821.43%
Pretax Income $73.40M
YoY Change 63.47%
Income Tax $19.00M
% Of Pretax Income 25.89%
Net Earnings $54.40M
YoY Change 66.36%
Net Earnings / Revenue 7.59%
Basic Earnings Per Share $0.55
Diluted Earnings Per Share $0.54
COMMON SHARES
Basic Shares Outstanding 101.6M shares 97.08M shares
Diluted Shares Outstanding 99.20M shares

Balance Sheet

Concept 2014 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $147.8M
YoY Change 2.43%
Cash & Equivalents $147.8M
Short-Term Investments
Other Short-Term Assets $60.80M
YoY Change 84.8%
Inventory $462.6M
Prepaid Expenses
Receivables $478.9M
Other Receivables $0.00
Total Short-Term Assets $1.150B
YoY Change 58.11%
LONG-TERM ASSETS
Property, Plant & Equipment $155.3M
YoY Change 104.61%
Goodwill $445.8M
YoY Change 1025.76%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $61.10M
YoY Change 42.42%
Total Long-Term Assets $1.520B
YoY Change 589.08%
TOTAL ASSETS
Total Short-Term Assets $1.150B
Total Long-Term Assets $1.520B
Total Assets $2.670B
YoY Change 181.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $182.8M
YoY Change 207.23%
Accrued Expenses $152.1M
YoY Change 80.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change -100.0%
Long-Term Debt Due $40.20M
YoY Change
Total Short-Term Liabilities $375.1M
YoY Change 119.36%
LONG-TERM LIABILITIES
Long-Term Debt $1.102B
YoY Change
Other Long-Term Liabilities $21.70M
YoY Change 55.0%
Total Long-Term Liabilities $1.124B
YoY Change 7925.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $375.1M
Total Long-Term Liabilities $1.124B
Total Liabilities $1.499B
YoY Change 710.11%
SHAREHOLDERS EQUITY
Retained Earnings $746.3M
YoY Change 16.97%
Common Stock $100.7M
YoY Change 2.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.100M
YoY Change
Treasury Stock Shares 77.28K shares
Shareholders Equity $766.5M
YoY Change
Total Liabilities & Shareholders Equity $2.670B
YoY Change 181.67%

Cashflow Statement

Concept 2014 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $54.40M
YoY Change 66.36%
Depreciation, Depletion And Amortization $11.40M
YoY Change 192.31%
Cash From Operating Activities $37.90M
YoY Change -649.28%
INVESTING ACTIVITIES
Capital Expenditures -$14.50M
YoY Change 302.78%
Acquisitions
YoY Change
Other Investing Activities -$600.0K
YoY Change -57.14%
Cash From Investing Activities -$15.10M
YoY Change 202.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -45.60M
YoY Change 1472.41%
NET CHANGE
Cash From Operating Activities 37.90M
Cash From Investing Activities -15.10M
Cash From Financing Activities -45.60M
Net Change In Cash -22.80M
YoY Change 54.05%
FREE CASH FLOW
Cash From Operating Activities $37.90M
Capital Expenditures -$14.50M
Free Cash Flow $52.40M
YoY Change -1687.88%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company follows FASB ASC Topic 815, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;ASC 815&#8221;), which is intended to improve transparency in financial reporting and requires that all derivative instruments be recorded on the consolidated condensed balance sheets at fair value by establishing criteria for designation and effectiveness of hedging relationships. The Company utilizes foreign currency forward exchange contracts to manage the volatility associated with U.S. dollar inventory purchases made by non-U.S. wholesale operations in the normal course of business.</font></div></div>
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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www Goodwill And Other Intangibles Foreign Currency Translation Effects
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www Goodwill And Other Intangibles Foreign Currency Translation Effects
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www Income Loss Before Equity In Undistributed Earnings Loss Of Subsidiaries
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www Income Loss Before Equity In Undistributed Earnings Loss Of Subsidiaries
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CY2014Q3 www Income Loss Before Equity In Undistributed Earnings Loss Of Subsidiaries
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CY2014Q3 www Other Assets Noncurrent Total
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CY2013Q3 www Other Assets Noncurrent Total
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CY2013Q4 www Other Assets Noncurrent Total
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CY2014Q3 www Reclassificationfrom Accumulated Other Comprehensive Income Current Period Tax
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CY2013Q3 www Reclassificationfrom Accumulated Other Comprehensive Income Current Period Tax
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www Reclassificationfrom Accumulated Other Comprehensive Income Current Period Tax
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www Reclassificationfrom Accumulated Other Comprehensive Income Current Period Tax
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www Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Volatility Term
SharebasedCompensationArrangementbySharebasedPaymentAwardFairValueAssumptionsExpectedVolatilityTerm
P4Y
www Sharebased Compensation Arrangementby Sharebased Payment Award Fair Value Assumptions Expected Volatility Term
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dei Amendment Flag
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false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-06
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000110471
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
101566601 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
WOLVERINE WORLD WIDE INC /DE/

Files In Submission

Name View Source Status
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0000110471-14-000011.txt Edgar Link pending
0000110471-14-000011-xbrl.zip Edgar Link pending
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a2014-q3exhibit311.htm Edgar Link pending
a2014-q3exhibit312.htm Edgar Link pending
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www-20140906_pre.xml Edgar Link unprocessable