Cambrex Corporation Financials

$112 M

Revenue Q3, 2017

$1.8 B

Mkt cap, 20-Apr-2018
Gross profit (Q3, 2017)46.3 M
Gross profit margin (Q3, 2017), %41.3%
Net income (Q3, 2017)17.3 M
EBIT (Q3, 2017)25.1 M
Cash, 30-Sep-2017118.4 M

Revenue/Financials

Income Statement

Annual

USDFY, 2016

Revenue

489.2 m

Cost of goods sold

286.4 m

Gross profit

202.8 m

Gross profit Margin, %

41%

R&D expense

14.3 m

General and administrative expense

60.4 m

Operating expense total

74.7 m

EBIT

128.4 m

EBIT margin, %

26%

Interest expense

717 k

Pre tax profit

127.5 m

Net Income

81.7 m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Revenue

97.3 m80.6 m77.7 m106 m91.7 m93.4 m118.2 m99.3 m103.1 m112 m

Cost of goods sold

64.5 m52.9 m48.4 m60.7 m57.3 m55.8 m70.1 m61.8 m58.2 m65.7 m

Gross profit

32.9 m27.7 m29.3 m45.3 m34.4 m37.6 m48.1 m37.5 m44.9 m46.3 m

Gross profit Margin, %

34%34%38%43%38%40%41%38%44%41%

R&D expense

3.6 m3.8 m2.7 m2.7 m3.7 m3.5 m4.1 m3.2 m3.9 m

General and administrative expense

14.6 m12.5 m13.8 m14.1 m14 m14 m13.6 m15 m15.8 m

Operating expense total

18.2 m16.4 m16.4 m16.8 m17.7 m17.5 m17.7 m18.1 m19.6 m21.8 m

EBIT

15.2 m12 m12.7 m29.2 m18 m21.4 m30.8 m19.5 m27.2 m25.1 m

EBIT margin, %

16%15%16%28%20%23%26%20%26%22%

Interest expense

543 k570 k476 k474 k517 k366 k

Pre tax profit

10.4 m11.4 m12.1 m28.9 m17.2 m21.4 m30.6 m19.2 m26.9 m24.8 m

Income tax expense

3.8 m6.6 m9.8 m5.4 m5.8 m7.5 m

Net Income

20.6 m29.4 m8 m27.7 m39.4 m14.6 m35.1 m44.3 m19.9 m17.3 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

22.7 m45.5 m44 m74.1 m

Accounts Receivable

12.9 m10.6 m7.3 m6.7 m

Inventories

5.6 m8.7 m7.2 m123.2 m

Current Assets

202.6 m227.6 m259.3 m322.7 m

PP&E

172 m163.6 m186.5 m217.1 m

Goodwill

38.7 m43.9 m32.1 m40.3 m

Total Assets

458 m487.1 m505.5 m611.9 m

Accounts Payable

29.1 m43.7 m39.3 m42.9 m

Current Liabilities

97.3 m98.8 m129.8 m95.5 m

Long-term debt

79.3 m60 m

Total Liabilities

206.4 m

Additional Paid-in Capital

109.8 m119.3 m132 m153.7 m

Retained Earnings

131.2 m188.5 m245.7 m327.4 m

Total Equity

210.2 m251.2 m310.8 m405.4 m

Financial Leverage

2.2 x1.9 x1.6 x1.5 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Cash

62.6 m60.2 m85.6 m52.5 m90.7 m99.2 m118.4 m

Accounts Receivable

8.1 m7.4 m9.6 m10.8 m7.4 m7.5 m81.8 m

Inventories

127.1 m130.9 m131.6 m140.1 m143.9 m151.5 m5.1 m

Current Assets

253.4 m246 m283.8 m279.9 m289 m332.8 m378.1 m

PP&E

172.4 m180.6 m203.6 m204.2 m209.2 m223.8 m

Goodwill

41.7 m41.4 m33.2 m32.6 m32.7 m40.7 m43.2 m

Total Assets

512.9 m509.7 m544.2 m536.9 m555.1 m627.5 m698.4 m

Accounts Payable

42.1 m52.7 m39.3 m36.6 m36.8 m38.8 m39.9 m

Current Liabilities

108.9 m123.3 m104.5 m80.7 m78.9 m84.9 m84.2 m

Long-term debt

60 m30 m

Total Liabilities

200.5 m

Additional Paid-in Capital

123.8 m126.9 m133.2 m136.8 m141.1 m154.9 m162.1 m

Retained Earnings

216.1 m227.9 m260.3 m280.8 m290 m347.2 m389.6 m

Total Equity

272.5 m286.4 m335.1 m353.1 m366.9 m430.5 m497.9 m

Financial Leverage

1.9 x1.8 x1.6 x1.5 x1.5 x1.5 x1.4 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

25.9 m57.3 m57.2 m81.7 m

Depreciation and Amortization

22.5 m23.8 m22.1 m24.7 m

Inventories

(19 m)(9.1 m)(33 m)(23.7 m)

Accounts Payable

10.1 m12.4 m10.3 m1.8 m

Cash From Operating Activities

36.9 m65 m83.6 m123.3 m

Cash From Investing Activities

(56.6 m)(24.8 m)(60.2 m)(74 m)

Cash From Financing Activities

18.2 m(14.5 m)(22.7 m)(17.3 m)

Free Cash Flow

94.2 m88.3 m146.1 m73.6 m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Net Income

20.6 m29.4 m8 m27.7 m39.4 m14.6 m35.1 m44.3 m19.9 m17.3 m

Depreciation and Amortization

11.8 m17.9 m5.3 m10.7 m16.3 m5.6 m11.3 m17.7 m7.2 m

Accounts Receivable

81.8 m

Inventories

(16.5 m)(22.2 m)(29 m)(46.5 m)(52.5 m)(21 m)(35 m)(40.1 m)(28.2 m)5.1 m

Accounts Payable

1.4 m8.1 m(2.2 m)2.7 m13.8 m4 m(12.4 m)(11.5 m)(10 m)39.9 m

Cash From Operating Activities

12.5 m41.4 m35.4 m40.2 m80 m89.8 m64.6 m111.8 m36 m72.1 m

Cash From Investing Activities

(12 m)(20.2 m)(12 m)(23.5 m)(37.5 m)(19.8 m)(26.5 m)(37.7 m)(12.2 m)(35.4 m)

Long-term Borrowings

(30 m)(30 m)(30 m)

Cash From Financing Activities

(3.5 m)(15.3 m)1.6 m2.2 m(26.2 m)(29.2 m)(29.8 m)(27.4 m)725 k3.4 m

Free Cash Flow

3.1 m23.3 m22.7 m14.6 m40.3 m69.9 m38.1 m74.1 m23.8 m33.8 m

Ratios

USDY, 2017

Revenue/Employee

86.5 k

Financial Leverage

1.4 x
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