PKE FY 2011 Earnings Report — Park Aerospace Corp. Revenue & Financial Results | Market Cap Arena

Park Aerospace Corp.PKE

FY 2011 Earnings

Reported May 12, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$212M	—	$176M	—	20.5%
Op. Income	$41M	—	$27M	—	50.0%
Gross Margin	33.0%	—	29.4%	—	3.7pp
Net Margin	15.4%	—	14.4%	—	1.0pp
EPS (Diluted)	$1.58	—	$1.23	—	28.5%
Free Cash Flow	$39M	—	$19M	—	100.4%

Revenue Flow

Item	Amount
REVENUE	$212M
Cost of Revenue	$142M
GROSS PROFIT	$70M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$29M
Other Expenses	$0
Operating Expenses	$29M
Cost & Expenses	$171M
OPERATING INCOME	$41M
Interest Income	$645.0K
Interest Expense	$0
Other Income/Expenses	$645.0K
INCOME BEFORE TAX	$41M
Income Tax Expense	$9M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$7M
EBIT	$42M
EBITDA	$48M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$212M
Cost of Revenue	$142M
GROSS PROFIT	$70M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$29M
Other Expenses	$0
Operating Expenses	$29M
Cost & Expenses	$171M
OPERATING INCOME	$41M
Interest Income	$645.0K
Interest Expense	$0
Other Income/Expenses	$645.0K
INCOME BEFORE TAX	$41M
Income Tax Expense	$9M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$7M
EBIT	$42M
EBITDA	$48M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$7M
Stock-Based Compensation	$959.0K
Deferred Income Tax	$567.0K
Other Non-Cash Items	-$20.0K
Change in Working Capital	$2M
OPERATING CASH FLOW	$43M
Capital Expenditure	-$4M
Acquisitions (Net)	-$1M
Purchases of Investments	-$259M
Sales/Maturities of Investments	$223M
Other Investing Activities	$894.0K
NET CASH FROM INVESTING	-$40M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$29M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$25M
FREE CASH FLOW	$39M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$112M
Short-Term Investments	$138M
Net Receivables	$30M
Inventory	$13M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$297M
PP&E (Net)	$41M
Goodwill	$0
Intangible Assets	$92.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$57M
TOTAL ASSETS	$354M
Account Payables	$10M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$25M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$3M
TOTAL LIABILITIES	$29M
Common Stock	$2M
Additional Paid-In Capital	$154M
Retained Earnings	$167M
Treasury Stock	-$1.0K
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$325M
Minority Interest	$0
TOTAL EQUITY	$325M
TOTAL LIABILITIES & EQUITY	$354M
Total Debt	$0
Net Debt	-$112M