10-Q Filing

CENTRAL EUROPEAN DISTRIBUTION CORP CIK: 1046880 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-224150`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cedc-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 101 Income Statement 38 Cash Flow Statement 62

Balance Sheet 101 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$23.11M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.22M	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.80M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.41M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	73.13M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	72.74M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts at March 31, 2012 of $26,221 and at December 31, 2011 of $23,112	`AccountsReceivableNetCurrent`	$466.32M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts at March 31, 2012 of $26,221 and at December 31, 2011 of $23,112	`AccountsReceivableNetCurrent`	$280.76M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	73.13M	shares	Point-in-time
Inventories	`InventoryNet`	$116.90M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	72.74M	shares	Point-in-time
Inventories	`InventoryNet`	$137.50M	USD	Point-in-time
Inventories	`InventoryNet`	$121.32M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$23.59M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$16.98M	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.01M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.34M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.57M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Debt issuance costs	`UnamortizedDebtIssuanceExpenseCurrent`	$2.96M	USD	Point-in-time
Debt issuance costs	`UnamortizedDebtIssuanceExpenseCurrent`	$2.96M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Treasury Stock at cost, shares	`TreasuryStockShares`	246,037.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$726.03M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$562.35M	USD	Point-in-time
Treasury Stock at cost, shares	`TreasuryStockShares`	246,037.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$463.85M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$508.61M	USD	Point-in-time
Goodwill	`Goodwill`	$731.67M	USD	Point-in-time
Goodwill	`Goodwill`	$666.65M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$193.84M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$179.48M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$22.81M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetNoncurrent`	$22.30M	USD	Point-in-time
Debt issuance costs	`UnamortizedDebtIssuanceExpenseNoncurrent`	$12.79M	USD	Point-in-time
Debt issuance costs	`UnamortizedDebtIssuanceExpenseNoncurrent`	$13.55M	USD	Point-in-time
Non-current assets held for sale	`AssetsHeldForSaleLongLived`	$675.00K	USD	Point-in-time
Non-current assets held for sale	`AssetsHeldForSaleLongLived`	$675.00K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$1.35B	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$1.47B	USD	Point-in-time
Total Assets	`Assets`	$2.07B	USD	Point-in-time
Total Assets	`Assets`	$2.03B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$144.80M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$69.87M	USD	Point-in-time
Bank loans and overdraft facilities	`ShortTermBorrowings`	$85.76M	USD	Point-in-time
Bank loans and overdraft facilities	`ShortTermBorrowings`	$66.71M	USD	Point-in-time
Short-term obligations under Convertible Senior Notes	`SeniorNotesCurrent`	-	USD	Point-in-time
Short-term obligations under Convertible Senior Notes	`SeniorNotesCurrent`	$305.98M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.21M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.77M	USD	Point-in-time
Taxes other than income taxes	`OtherAccruedTaxesCurrent`	$188.31M	USD	Point-in-time
Taxes other than income taxes	`OtherAccruedTaxesCurrent`	$99.86M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$70.72M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$44.50M	USD	Point-in-time
Current portions of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$1.11M	USD	Point-in-time
Current portions of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$1.16M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$473.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$621.50M	USD	Point-in-time
Long-term obligations under capital leases	`CapitalLeaseObligationsNoncurrent`	$728.00K	USD	Point-in-time
Long-term obligations under capital leases	`CapitalLeaseObligationsNoncurrent`	$532.00K	USD	Point-in-time
Long-term obligations under Convertible Senior Notes	`SeniorLongTermNotes`	-	USD	Point-in-time
Long-term obligations under Convertible Senior Notes	`SeniorLongTermNotes`	$304.64M	USD	Point-in-time
Long-term obligations under Senior Secured Notes	`SecuredLongTermDebt`	$950.64M	USD	Point-in-time
Long-term obligations under Senior Secured Notes	`SecuredLongTermDebt`	$932.76M	USD	Point-in-time
Long-term accruals	`OtherAccruedLiabilitiesNoncurrent`	$2.03M	USD	Point-in-time
Long-term accruals	`OtherAccruedLiabilitiesNoncurrent`	$2.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$92.94M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$99.20M	USD	Point-in-time
Commitments and contingent liabilities (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.05B	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.33B	USD	Point-in-time
Common Stock ($0.01 par value, 120,000,000 shares authorized, 73,125,230 and 72,740,302 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonStockValue`	$727.00K	USD	Point-in-time
Common Stock ($0.01 par value, 120,000,000 shares authorized, 73,125,230 and 72,740,302 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonStockValue`	$731.00K	USD	Point-in-time
Preferred Stock ($0.01 par value, 1,000,000 shares authorized, none issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock ($0.01 par value, 1,000,000 shares authorized, none issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.37B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.37B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.07B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.13B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$27.89M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$56.61M	USD	Point-in-time
Less Treasury Stock at cost (246,037 shares at March 31, 2012 and December 31, 2011)	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Less Treasury Stock at cost (246,037 shares at March 31, 2012 and December 31, 2011)	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$358.45M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$266.37M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.03B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.07B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsGross`	$323.98M	USD	1 Quarter
Sales	`SalesRevenueGoodsGross`	$336.14M	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$175.77M	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$179.43M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$148.21M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$156.71M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$97.37M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$89.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$59.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.68M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.77M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.88M	USD	1 Quarter
Gain on remeasurement of previously held equity interests	`GainOnPurchaseOfBusiness`	$7.90M	USD	1 Quarter
Gain on remeasurement of previously held equity interests	`GainOnPurchaseOfBusiness`	-	USD	1 Quarter
Operating income / (loss)	`OperatingIncomeLoss`	$-3.09M	USD	1 Quarter
Operating income / (loss)	`OperatingIncomeLoss`	$9.36M	USD	1 Quarter
Interest income / (expense), net	`NetInterestIncomeExpense`	$-26.22M	USD	1 Quarter
Interest income / (expense), net	`NetInterestIncomeExpense`	$-26.85M	USD	1 Quarter
Other financial income / (expense), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$97.92M	USD	1 Quarter
Other financial income / (expense), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$31.05M	USD	1 Quarter
Other non operating income / (expense), net	`OtherNonoperatingIncomeExpense`	$-976.00K	USD	1 Quarter
Other non operating income / (expense), net	`OtherNonoperatingIncomeExpense`	$-2.60M	USD	1 Quarter
Income before income taxes and equity in net losses from unconsolidated investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$66.01M	USD	1 Quarter
Income before income taxes and equity in net losses from unconsolidated investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.58M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.51M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.64M	USD	1 Quarter
Equity in net losses of affiliates	`IncomeLossFromEquityMethodInvestments`	$-8.81M	USD	1 Quarter
Equity in net losses of affiliates	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Net income attributable to the company	`NetIncomeLoss`	$62.50M	USD	1 Quarter
Net income attributable to the company	`NetIncomeLoss`	$1.12M	USD	1 Quarter
Net income from operations per share of common stock, basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Net income from operations per share of common stock, basic	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Net income from operations per share of common stock, diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Net income from operations per share of common stock, diluted	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$28.72M	USD	Point-in-time
Foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$137.02M	USD	Point-in-time
Comprehensive income attributable to the company	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$91.22M	USD	1 Quarter
Comprehensive income attributable to the company	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$138.14M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$62.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.82M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.13M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$725.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$121.00K	USD	1 Quarter
Unrealized foreign exchange gains	`ForeignCurrencyTransactionGainLossUnrealized`	$31.65M	USD	1 Quarter
Unrealized foreign exchange gains	`ForeignCurrencyTransactionGainLossUnrealized`	$98.68M	USD	1 Quarter
Stock options fair value expense	`StockOptionPlanExpense`	$864.00K	USD	1 Quarter
Stock options fair value expense	`StockOptionPlanExpense`	$693.00K	USD	1 Quarter
Equity loss in affiliates	`IncomeLossFromEquityMethodInvestments`	$-8.81M	USD	1 Quarter
Equity loss in affiliates	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Gain on fair value remeasurement of previously held equity interest	`GainLossOnInvestments`	-	USD	1 Quarter
Gain on fair value remeasurement of previously held equity interest	`GainLossOnInvestments`	$6.40M	USD	1 Quarter
Other non cash items	`OtherNoncashIncomeExpense`	$26.00K	USD	1 Quarter
Other non cash items	`OtherNoncashIncomeExpense`	$-1.78M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-268.05M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-226.73M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.96M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.20M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.86M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.11M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-89.36M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-83.64M	USD	1 Quarter
Other accrued liabilities and payables (including taxes)	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-87.04M	USD	1 Quarter
Other accrued liabilities and payables (including taxes)	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-58.18M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$84.39M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$23.77M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$505.00K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.33M	USD	1 Quarter
Proceeds from the disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from the disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$127.00K	USD	1 Quarter
Purchase of trademarks	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchase of trademarks	`PaymentsToAcquireIntangibleAssets`	$17.47M	USD	1 Quarter
Acquisitions of subsidiaries, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$23.48M	USD	1 Quarter
Acquisitions of subsidiaries, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.20M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-41.45M	USD	1 Quarter
Borrowings on bank loans and overdraft facility	`ProceedsFromBankDebt`	-	USD	1 Quarter
Borrowings on bank loans and overdraft facility	`ProceedsFromBankDebt`	$8.59M	USD	1 Quarter
Payment of bank loans, overdraft facility and other borrowings	`RepaymentsOfBankDebt`	$26.87M	USD	1 Quarter
Payment of bank loans, overdraft facility and other borrowings	`RepaymentsOfBankDebt`	$4.10M	USD	1 Quarter
Decrease in short term capital leases payable	`ReductionOfShortTermCapitalLeaseObligations`	$-90.00K	USD	1 Quarter
Decrease in short term capital leases payable	`ReductionOfShortTermCapitalLeaseObligations`	$102.00K	USD	1 Quarter
Proceeds from options exercised	`ProceedsFromStockOptionsExercised`	$66.00K	USD	1 Quarter
Proceeds from options exercised	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.14M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-18.19M	USD	1 Quarter
Currency effect on brought forward cash balances	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.01M	USD	1 Quarter
Currency effect on brought forward cash balances	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.99M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$45.79M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.39M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$122.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$168.11M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$107.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$122.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$168.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.41M	USD	Point-in-time
Common stock issued in connection with investment in subsidiaries	`StockIssued1`	-	USD	1 Quarter
Common stock issued in connection with investment in subsidiaries	`StockIssued1`	$23.13M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.