SENEA FY 2014 Earnings Report — Seneca Foods Corporation Revenue & Financial Results | Market Cap Arena

Seneca Foods CorporationSENEA

FY 2014 Earnings

Reported May 22, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.3B	—	5.0%
Op. Income	$25M	—	$71M	—	-64.9%
Gross Margin	6.9%	—	11.1%	—	-4.2pp
Net Margin	1.0%	—	3.2%	—	-2.2pp
EPS (Diluted)	$1.23	—	$3.57	—	-65.5%
Free Cash Flow	$39M	—	$15M	—	164.3%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$92M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$70M
Other Expenses	-$3M
Operating Expenses	$67M
Cost & Expenses	$1.3B
OPERATING INCOME	$25M
Interest Income	$4.0K
Interest Expense	$8M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$13M
D&A	$23M
EBIT	$25M
EBITDA	$48M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$92M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$70M
Other Expenses	-$3M
Operating Expenses	$67M
Cost & Expenses	$1.3B
OPERATING INCOME	$25M
Interest Income	$4.0K
Interest Expense	$8M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$13M
D&A	$23M
EBIT	$25M
EBITDA	$48M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$23M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$176.0K
Change in Working Capital	$25M
OPERATING CASH FLOW	$58M
Capital Expenditure	-$19M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$998.0K
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	-$52M
Common Stock Repurchased	-$674.0K
Common Dividends Paid	$0
Other Financing Activities	$13M
NET CASH FROM FINANCING	-$40M
FREE CASH FLOW	$39M
Net Change in Cash	-$265.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$77M
Inventory	$451M
Other Current Assets	$42M
TOTAL CURRENT ASSETS	$584M
PP&E (Net)	$184M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$877.0K
TOTAL NON-CURRENT ASSETS	$185M
TOTAL ASSETS	$769M
Account Payables	$71M
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$131M
Long-Term Debt	$216M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$339.0K
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$244M
TOTAL LIABILITIES	$375M
Common Stock	$3M
Additional Paid-In Capital	$93M
Retained Earnings	$333M
Treasury Stock	-$30M
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$394M
Minority Interest	$0
TOTAL EQUITY	$394M
TOTAL LIABILITIES & EQUITY	$769M
Total Debt	$231M
Net Debt	$217M