$XELB
XCel Brands, Inc.

2017 Q4 Form 10-Q Financial Statement

#000114420417058322 Filed on November 13, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue $7.020M $7.890M $6.900M
YoY Change 1.74% -5.17% -7.63%
Cost Of Revenue $0.00
YoY Change
Gross Profit $7.890M
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $6.290M $1.188M $6.460M
YoY Change -2.63% 1.11% 15.36%
% of Gross Profit 15.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $390.0K $390.0K $390.0K
YoY Change 0.0% 2.63% -9.3%
% of Gross Profit 4.94%
Operating Expenses $6.680M $1.188M $6.850M
YoY Change -2.48% 1.11% 13.6%
Operating Profit $1.257M
YoY Change 50.36%
Interest Expense -$310.0K -$310.0K -$420.0K
YoY Change -26.19% -32.61% -2.33%
% of Operating Profit -24.66%
Other Income/Expense, Net
YoY Change
Pretax Income -$12.34M $943.0K $3.040M
YoY Change -505.92% 152.14% 245.45%
Income Tax $450.0K $691.0K $320.0K
% Of Pretax Income 73.28% 10.53%
Net Earnings -$10.19M $252.0K $2.750M
YoY Change -470.55% 113.56% 257.14%
Net Earnings / Revenue -145.16% 3.19% 39.86%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share -$553.2K $0.01 $135.1K
COMMON SHARES
Basic Shares Outstanding 18.46M shares 18.47M shares
Diluted Shares Outstanding 18.87M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.20M $8.300M $14.10M
YoY Change -27.66% -45.39% -16.57%
Cash & Equivalents $10.19M $8.273M $15.64M
Short-Term Investments
Other Short-Term Assets $600.0K $600.0K $800.0K
YoY Change -25.0% 20.0% 33.33%
Inventory $0.00
Prepaid Expenses
Receivables $8.500M $9.500M $7.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $19.31M $18.40M $21.90M
YoY Change -11.85% -24.59% -12.78%
LONG-TERM ASSETS
Property, Plant & Equipment $2.376M $2.400M $2.600M
YoY Change -8.62% -4.0% 198.51%
Goodwill
YoY Change
Intangibles $110.1M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.708M $3.000M $3.000M
YoY Change -43.07% 66.67% 774.64%
Total Long-Term Assets $115.7M $128.2M $129.2M
YoY Change -10.44% 0.08% 1.72%
TOTAL ASSETS
Total Short-Term Assets $19.31M $18.40M $21.90M
Total Long-Term Assets $115.7M $128.2M $129.2M
Total Assets $135.0M $146.6M $151.1M
YoY Change -10.64% -3.87% -0.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.300M $800.0K $1.500M
YoY Change -13.33% -82.98% -54.55%
Accrued Expenses $2.300M $1.800M $2.200M
YoY Change 4.55%
Deferred Revenue $16.00K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.459M $4.600M $6.427M
YoY Change -15.06% -13.21% -27.93%
Total Short-Term Liabilities $9.105M $7.300M $10.40M
YoY Change -12.45% -27.0% -20.83%
LONG-TERM LIABILITIES
Long-Term Debt $19.39M $20.30M $25.50M
YoY Change -23.96% -34.73% -19.96%
Other Long-Term Liabilities $2.500M $2.600M $2.200M
YoY Change 13.64% 23.81% 633.33%
Total Long-Term Liabilities $28.22M $31.58M $34.58M
YoY Change -18.39% -4.88% -11.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.105M $7.300M $10.40M
Total Long-Term Liabilities $28.22M $31.58M $34.58M
Total Liabilities $37.32M $38.80M $44.95M
YoY Change -16.96% -22.24% -13.64%
SHAREHOLDERS EQUITY
Retained Earnings -$1.321M $8.801M
YoY Change -115.01% 45.09%
Common Stock $99.02M $97.37M
YoY Change 1.69% 3.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $97.69M $107.8M $106.2M
YoY Change
Total Liabilities & Shareholders Equity $135.0M $146.6M $151.1M
YoY Change -10.66% -3.87% -0.66%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income -$10.19M $252.0K $2.750M
YoY Change -470.55% 113.56% 257.14%
Depreciation, Depletion And Amortization $390.0K $390.0K $390.0K
YoY Change 0.0% 2.63% -9.3%
Cash From Operating Activities $2.350M $1.910M $1.150M
YoY Change 104.35% -56.98% -39.79%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$30.00K -$250.0K
YoY Change -80.0% -86.36% -43.18%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$580.0K
YoY Change -100.0% -152.25%
Cash From Investing Activities -$50.00K -$30.00K -$820.0K
YoY Change -93.9% -86.36% -220.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -380.0K -1.230M -1.360M
YoY Change -72.06% -51.38% 65.85%
NET CHANGE
Cash From Operating Activities 2.350M 1.910M 1.150M
Cash From Investing Activities -50.00K -30.00K -820.0K
Cash From Financing Activities -380.0K -1.230M -1.360M
Net Change In Cash 1.920M 650.0K -1.030M
YoY Change -286.41% -61.54% -158.19%
FREE CASH FLOW
Cash From Operating Activities $2.350M $1.910M $1.150M
Capital Expenditures -$50.00K -$30.00K -$250.0K
Free Cash Flow $2.400M $1.940M $1.400M
YoY Change 71.43% -58.37% -40.43%

Facts In Submission

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XCel Brands, Inc.
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CommonStockSharesAuthorized
35000000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
35000000 shares
CY2017Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18468801 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18644982 shares
CY2017Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18468801 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18644982 shares
CY2017Q3 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
36000000 shares
CY2016Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
282000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0202 pure
us-gaap Long Term Debt Maturities Repayment Terms
LongTermDebtMaturitiesRepaymentTerms
the Company shall pay an early termination fee equal to the principal amount outstanding under the Xcel Term Loan on the date of prepayment, multiplied by: (i)two percent (2.00%) if the Xcel Term Loan is prepaid on or after the closing date and on or before the second anniversary of the closing date; or (ii) one percent (1.00%) if the Xcel Term Loan is prepaid after the second anniversary of the closing date and on or before the third anniversary of the closing date
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.3369 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.3520 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0148 pure
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2017Q3 xelb Effective Income Tax Rate Reconciliation Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesPercent
0.34 pure
xelb Effective Income Tax Rate Reconciliation Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesPercent
0.33 pure
CY2016Q3 xelb Effective Income Tax Rate Reconciliation Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesPercent
0.27 pure
xelb Effective Income Tax Rate Reconciliation Permanent Differences Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesPercent
0.26 pure
CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.05 pure
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.3 pure
CY2017Q3 xelb Minimum Liquidity Covenant Requirement In Case Of Ratio Of Indebtedness To Ebitda Is Less Than One
MinimumLiquidityCovenantRequirementInCaseOfRatioOfIndebtednessToEbitdaIsLessThanOne
3000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5854000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1302000 USD
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9782000 USD
CY2016Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16667000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15636000 USD
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17969000 USD
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15158000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1509000 USD

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0001144204-17-058322.txt Edgar Link pending
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