10-Q Filing

Proto Labs Inc CIK: 1443669 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-320693`
Period End Date	20130630
Filing Date	20130806
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	prlb-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 68 Cash Flow Statement 57

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$158.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$158.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.39M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.45M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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
Short-term marketable securities	`MarketableSecuritiesCurrent`	$25.14M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$30.33M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $158 and $154 as of June 30, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$15.79M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $158 and $154 as of June 30, 2013 and December 31, 2012, respectively	`AccountsReceivableNetCurrent`	$17.53M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$4.88M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$4.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.45M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$1.88M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.30M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.80M	shares	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$4.72M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$609.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$287.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.80M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$90.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$96.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.14M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$36.97M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$54.17M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$246.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$285.00K	USD	Point-in-time
Total assets	`Assets`	$198.20M	USD	Point-in-time
Total assets	`Assets`	$172.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.71M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$6.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.37M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOtherLiabilities`	$623.00K	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOtherLiabilities`	$513.00K	USD	Point-in-time
Current portion of long-term debt obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$180.00K	USD	Point-in-time
Current portion of long-term debt obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$273.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.89M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$3.35M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$3.35M	USD	Point-in-time
Long-term debt obligations	`LongTermDebtAndCapitalLeaseObligations`	$241.00K	USD	Point-in-time
Long-term debt obligations	`LongTermDebtAndCapitalLeaseObligations`	$356.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$700.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$782.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$15.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.02M	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 10,000,000 shares; issued and outstanding 0 shares as of June 30, 2013 and December 31, 2012, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 10,000,000 shares; issued and outstanding 0 shares as of June 30, 2013 and December 31, 2012, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 25,304,743 and 24,803,640 shares as of June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 25,304,743 and 24,803,640 shares as of June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$157.56M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$147.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.57M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-595.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-928.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.83M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-280.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.03M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-738.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$183.03M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$156.70M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$198.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$172.72M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$29.95M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$39.75M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$59.92M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$77.06M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$14.90M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$24.48M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$28.93M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$12.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.44M	USD	2 Qtrs
Gross profit	`GrossProfit`	$24.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.13M	USD	2 Qtrs
Gross profit	`GrossProfit`	$17.71M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$5.55M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$9.00M	USD	2 Qtrs
Marketing and sales	`SellingAndMarketingExpense`	$4.56M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$10.81M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.38M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.06M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.92M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.28M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.92M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$20.34M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$10.25M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.11M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$12.22M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$24.02M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.63M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.47M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.10M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$173.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$119.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-404.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$116.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.74M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.14M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.24M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.93M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.68	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.44	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.66	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.42	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.93M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.26M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.43M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.03M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.74M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.63M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.28M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.85M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.07M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.79M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.83M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.41M	USD	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.90M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.61M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.93M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.77M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$900.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.62M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$800.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.74M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$307.00K	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.93M	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-59.00K	USD	2 Qtrs
Amortization of held-to-maturity securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-24.00K	USD	2 Qtrs
Amortization of held-to-maturity securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-633.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.03M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.27M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$360.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$189.00K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-27.00K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.72M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$660.00K	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.07M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.08M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-363.00K	USD	2 Qtrs
Accrued liabilities and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$-705.00K	USD	2 Qtrs
Accrued liabilities and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.31M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.45M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.50M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.66M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.07M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$57.31M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$34.37M	USD	2 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$250.00K	USD	2 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$34.28M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.78M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.10M	USD	2 Qtrs
Proceeds from initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$71.53M	USD	2 Qtrs
Payments on debt	`RepaymentsOfLongTermDebt`	$191.00K	USD	2 Qtrs
Payments on debt	`RepaymentsOfLongTermDebt`	$166.00K	USD	2 Qtrs
Proceeds from exercises of warrants and stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.87M	USD	2 Qtrs
Proceeds from exercises of warrants and stock options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$37.00K	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.93M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.63M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$71.38M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-295.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$153.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.31M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$36.25M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.76M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.39M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.45M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.13M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.76M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.45M	USD	Point-in-time

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