10-Q Filing

CENTRAL EUROPEAN DISTRIBUTION CORP CIK: 1046880 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-276723`
Period End Date	20130331
Filing Date	20130628
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ck0001046880-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 Income Statement 34 Cash Flow Statement 50

Balance Sheet 106 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.16M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$25.25M	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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.73M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.41M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts at March 31, 2013 of $18,159 and at December 31, 2012 of $25,250	`AccountsReceivableNetCurrent`	$201.61M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	76.05M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts at March 31, 2013 of $18,159 and at December 31, 2012 of $25,250	`AccountsReceivableNetCurrent`	$352.09M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	76.11M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	76.05M	shares	Point-in-time
Inventories	`InventoryNet`	$152.11M	USD	Point-in-time
Inventories	`InventoryNet`	$174.71M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	76.11M	shares	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
Prepaid expenses	`PrepaidExpenseCurrent`	$18.99M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.10M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$13.83M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$12.64M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$101.58M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$92.42M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.09M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.30M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Treasury Stock at cost, shares	`TreasuryStockShares`	246,037.00	shares	Point-in-time
Debt issuance costs	`DeferredFinanceCostsCurrentNet`	$13.64M	USD	Point-in-time
Treasury Stock at cost, shares	`TreasuryStockShares`	246,037.00	shares	Point-in-time
Debt issuance costs	`DeferredFinanceCostsCurrentNet`	$12.67M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$751.82M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$544.71M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$454.56M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$441.47M	USD	Point-in-time
Goodwill	`Goodwill`	$388.38M	USD	Point-in-time
Goodwill	`Goodwill`	$374.43M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentNet`	$169.74M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentNet`	$163.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.04M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.04M	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$982.39M	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$1.02B	USD	Point-in-time
Total Assets	`Assets`	$1.53B	USD	Point-in-time
Total Assets	`Assets`	$1.77B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$80.98M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$126.49M	USD	Point-in-time
Bank loans and overdraft facilities	`ShortTermBorrowings`	$130.66M	USD	Point-in-time
Bank loans and overdraft facilities	`ShortTermBorrowings`	$81.46M	USD	Point-in-time
Obligations under RTL Credit Facility	`DebtInstrumentFaceAmount`	-	USD	Point-in-time
Obligations under RTL Credit Facility	`DebtInstrumentFaceAmount`	$50.00M	USD	Point-in-time
Obligations under Convertible Senior Notes	`ConvertibleNotesPayableCurrent`	$256.92M	USD	Point-in-time
Obligations under Convertible Senior Notes	`ConvertibleNotesPayableCurrent`	$257.86M	USD	Point-in-time
Obligations under Senior Secured Notes	`SecuredDebtCurrent`	$928.66M	USD	Point-in-time
Obligations under Senior Secured Notes	`SecuredDebtCurrent`	$944.50M	USD	Point-in-time
Obligations under RTL Notes	`ShortTermNonBankLoansAndNotesPayable`	$20.00M	USD	Point-in-time
Obligations under RTL Notes	`ShortTermNonBankLoansAndNotesPayable`	$70.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$4.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$3.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.75M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.04M	USD	Point-in-time
Taxes other than income taxes	`SalesAndExciseTaxPayableCurrent`	$197.13M	USD	Point-in-time
Taxes other than income taxes	`SalesAndExciseTaxPayableCurrent`	$91.11M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$128.76M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$88.57M	USD	Point-in-time
Current portions of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$729.00K	USD	Point-in-time
Current portions of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$810.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.65B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.83B	USD	Point-in-time
Long-term obligations under capital leases	`CapitalLeaseObligationsNoncurrent`	$519.00K	USD	Point-in-time
Long-term obligations under capital leases	`CapitalLeaseObligationsNoncurrent`	$499.00K	USD	Point-in-time
Long-term accruals	`OtherAccruedLiabilitiesNoncurrent`	$665.00K	USD	Point-in-time
Long-term accruals	`OtherAccruedLiabilitiesNoncurrent`	$700.00K	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$9.19M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$9.84M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$94.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$92.56M	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$105.07M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$102.94M	USD	Point-in-time
Temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$29.44M	USD	Point-in-time
Temporary equity	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$29.44M	USD	Point-in-time
Common Stock ($0.01 par value, 120,000,000 shares authorized, 76,107,506 and 76,047,506 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`CommonStockValue`	$761.00K	USD	Point-in-time
Common Stock ($0.01 par value, 120,000,000 shares authorized, 76,107,506 and 76,047,506 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`CommonStockValue`	$760.00K	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`	$-1.58B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.66B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$14.32M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$37.73M	USD	Point-in-time
Less Treasury Stock at cost (246,037 shares at March 31, 2013 and December 31, 2012)	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Less Treasury Stock at cost (246,037 shares at March 31, 2013 and December 31, 2012)	`TreasuryStockValue`	$150.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-252.67M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-196.91M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.77B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.53B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsGross`	$328.07M	USD	1 Quarter
Sales	`SalesRevenueGoodsGross`	$321.76M	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$171.83M	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$175.77M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$156.25M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$145.99M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$90.87M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$88.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$67.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$55.12M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$74.47M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$58.93M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.59M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.82M	USD	1 Quarter
Interest income / (expense), net	`InterestIncomeExpenseNet`	$-28.13M	USD	1 Quarter
Interest income / (expense), net	`InterestIncomeExpenseNet`	$-26.30M	USD	1 Quarter
Other financial income / (expense), net	`OtherFinancialIncomeExpenseNet`	$97.59M	USD	1 Quarter
Other financial income / (expense), net	`OtherFinancialIncomeExpenseNet`	$-37.55M	USD	1 Quarter
Other non operating income / (expense), net	`OtherNonoperatingIncomeExpense`	$-4.11M	USD	1 Quarter
Other non operating income / (expense), net	`OtherNonoperatingIncomeExpense`	$-2.60M	USD	1 Quarter
Income / (loss) before income taxes and equity in net losses from unconsolidated investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$64.87M	USD	1 Quarter
Income / (loss) before income taxes and equity in net losses from unconsolidated investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-76.39M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.07M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.68M	USD	1 Quarter
Net income / (loss) attributable to the company	`NetIncomeLoss`	$-79.46M	USD	1 Quarter
Net income / (loss) attributable to the company	`NetIncomeLoss`	$60.18M	USD	1 Quarter
Net income / (loss) from operations per share of common stock, basic	`EarningsPerShareBasic`	$-0.97	USD	1 Quarter
Net income / (loss) from operations per share of common stock, basic	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Net income / (loss) from operations per share of common stock, diluted	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Net income / (loss) from operations per share of common stock, diluted	`EarningsPerShareDiluted`	$-0.97	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$23.41M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$22.52M	USD	1 Quarter
Comprehensive income / (loss) attributable to the company	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$82.71M	USD	1 Quarter
Comprehensive income / (loss) attributable to the company	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-56.05M	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income / (loss)	`NetIncomeLoss`	$-79.46M	USD	1 Quarter
Net income / (loss)	`NetIncomeLoss`	$60.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.82M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.49M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$719.00K	USD	1 Quarter
Unrealized foreign exchange losses/(gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$-34.73M	USD	1 Quarter
Unrealized foreign exchange losses/(gains)	`ForeignCurrencyTransactionGainLossUnrealized`	$98.01M	USD	1 Quarter
Stock options fair value expense	`StockOptionPlanExpense`	$293.00K	USD	1 Quarter
Stock options fair value expense	`StockOptionPlanExpense`	$864.00K	USD	1 Quarter
Other non cash items	`OtherNoncashIncomeExpense`	$-221.00K	USD	1 Quarter
Other non cash items	`OtherNoncashIncomeExpense`	$-2.10M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-226.07M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-138.03M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-8.41M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-18.53M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.32M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.93M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-89.36M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-41.64M	USD	1 Quarter
Other accrued liabilities and payables (including taxes)	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-88.61M	USD	1 Quarter
Other accrued liabilities and payables (including taxes)	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-52.07M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.83M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.77M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.33M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.81M	USD	1 Quarter
Proceeds from the disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$302.00K	USD	1 Quarter
Proceeds from the disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$127.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.51M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.20M	USD	1 Quarter
Borrowings on bank loans and overdraft facility	`ProceedsFromBankDebt`	$30.63M	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`	$77.69M	USD	1 Quarter
Decrease in short term capital leases payable	`ReductionOfShortTermCapitalLeaseObligations`	$163.00K	USD	1 Quarter
Decrease in short term capital leases payable	`ReductionOfShortTermCapitalLeaseObligations`	$90.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-46.90M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-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`	$-1.14M	USD	1 Quarter
Net increase / (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.39M	USD	1 Quarter
Net increase / (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-40.72M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.01M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.80M	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`	$44.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$84.73M	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`	$94.41M	USD	Point-in-time

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