PKE FY 2012 Earnings Report — Park Aerospace Corp. Revenue & Financial Results | Market Cap Arena

Park Aerospace Corp.PKE

FY 2012 Earnings

Reported May 10, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$193M	—	$212M	—	-8.7%
Op. Income	$25M	—	$41M	—	-37.9%
Gross Margin	28.3%	—	33.0%	—	-4.7pp
Net Margin	12.1%	—	15.4%	—	-3.3pp
EPS (Diluted)	$1.13	—	$1.58	—	-28.5%
Free Cash Flow	$27M	—	$39M	—	-29.6%

Revenue Flow

Item	Amount
REVENUE	$193M
Cost of Revenue	$139M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$28M
Other Expenses	$0
Operating Expenses	$28M
Cost & Expenses	$167M
OPERATING INCOME	$25M
Interest Income	$808.0K
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$28M
Income Tax Expense	$4M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$6M
EBIT	$28M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$193M
Cost of Revenue	$139M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$28M
Other Expenses	$0
Operating Expenses	$28M
Cost & Expenses	$167M
OPERATING INCOME	$25M
Interest Income	$808.0K
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$28M
Income Tax Expense	$4M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$6M
EBIT	$28M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$6M
Stock-Based Compensation	$762.0K
Deferred Income Tax	$22.0K
Other Non-Cash Items	$3M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$4M
Acquisitions (Net)	-$1M
Purchases of Investments	-$173M
Sales/Maturities of Investments	$170M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$27M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$130M
Short-Term Investments	$139M
Net Receivables	$24M
Inventory	$16M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$312M
PP&E (Net)	$39M
Goodwill	$8M
Intangible Assets	$85.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$54M
TOTAL ASSETS	$366M
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1M
TOTAL CURRENT LIABILITIES	$21M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$274.0K
TOTAL NON-CURRENT LIABILITIES	$1M
TOTAL LIABILITIES	$23M
Common Stock	$2M
Additional Paid-In Capital	$157M
Retained Earnings	$182M
Treasury Stock	-$1.0K
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$343M
Minority Interest	$0
TOTAL EQUITY	$343M
TOTAL LIABILITIES & EQUITY	$366M
Total Debt	$0
Net Debt	-$130M