PKE FY 2015 Earnings Report — Park Aerospace Corp. Revenue & Financial Results | Market Cap Arena

Park Aerospace Corp.PKE

FY 2015 Earnings

Reported May 15, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$162M	—	$166M	—	-2.2%
Op. Income	$23M	—	$22M	—	4.5%
Gross Margin	30.2%	—	29.0%	—	1.2pp
Net Margin	12.4%	—	-25.5%	—	37.9pp
EPS (Diluted)	$0.96	—	$-2.03	—	147.3%
Free Cash Flow	$29M	—	$29M	—	-2.3%

Revenue Flow

Item	Amount
REVENUE	$162M
Cost of Revenue	$113M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$21M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$138M
OPERATING INCOME	$23M
Interest Income	$827.0K
Interest Expense	$1M
Other Income/Expenses	-$611.0K
INCOME BEFORE TAX	$23M
Income Tax Expense	$3M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$25M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$162M
Cost of Revenue	$113M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$21M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$138M
OPERATING INCOME	$23M
Interest Income	$827.0K
Interest Expense	$1M
Other Income/Expenses	-$611.0K
INCOME BEFORE TAX	$23M
Income Tax Expense	$3M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$25M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$4M
Stock-Based Compensation	$1M
Deferred Income Tax	-$3M
Other Non-Cash Items	$796.0K
Change in Working Capital	$6M
OPERATING CASH FLOW	$29M
Capital Expenditure	-$430.0K
Acquisitions (Net)	-$5M
Purchases of Investments	-$100M
Sales/Maturities of Investments	$106M
Other Investing Activities	$5M
NET CASH FROM INVESTING	$5M
Net Debt Issuance	-$10M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$40M
Other Financing Activities	$26M
NET CASH FROM FINANCING	-$26M
FREE CASH FLOW	$29M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$142M
Short-Term Investments	$131M
Net Receivables	$21M
Inventory	$14M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$313M
PP&E (Net)	$27M
Goodwill	$10M
Intangible Assets	$64.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$37M
TOTAL ASSETS	$351M
Account Payables	$7M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$4M
TOTAL CURRENT LIABILITIES	$30M
Long-Term Debt	$84M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$54M
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$139M
TOTAL LIABILITIES	$169M
Common Stock	$2M
Additional Paid-In Capital	$165M
Retained Earnings	$16M
Treasury Stock	-$3M
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$182M
Minority Interest	$0
TOTAL EQUITY	$182M
TOTAL LIABILITIES & EQUITY	$351M
Total Debt	$94M
Net Debt	-$48M