10-Q/A Filing

Proto Labs Inc CIK: 1443669 Q1 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001437749-14-008042`
Period End Date	20140331
Filing Date	20140506
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	prlb-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 34 Cash Flow Statement 54

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$98.00K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$90.00K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.04M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.76M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$36.34M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$34.36M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $98 and $90 as of March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$18.32M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $98 and $90 as of March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$21.91M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$5.35M	USD	Point-in-time
Inventory	`InventoryNet`	$5.17M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.57M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.91M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.55M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.61M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$456.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.55M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$455.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.61M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$110.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$109.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.10M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$63.96M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$71.31M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$64.02M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$256.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$249.00K	USD	Point-in-time
Total assets	`Assets`	$246.20M	USD	Point-in-time
Total assets	`Assets`	$230.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.40M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$6.20M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$4.78M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOtherLiabilities`	$808.00K	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOtherLiabilities`	$1.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$145.00K	USD	Point-in-time
Current portion of long-term debt obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$204.00K	USD	Point-in-time
Current portion of long-term debt obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$208.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.84M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$3.78M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$3.68M	USD	Point-in-time
Long-term debt obligations	`LongTermDebtAndCapitalLeaseObligations`	$106.00K	USD	Point-in-time
Long-term debt obligations	`LongTermDebtAndCapitalLeaseObligations`	$159.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$999.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.53M	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 10,000,000 shares; issued and outstanding 0 shares as of each of March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 10,000,000 shares; issued and outstanding 0 shares as of each of March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 25,606,090 and 25,546,107 shares as of March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 25,606,090 and 25,546,107 shares as of March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$166.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$169.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$45.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$55.95M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.09M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-919.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.83M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-928.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$224.48M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$211.64M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$246.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$230.18M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$46.07M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$37.31M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$17.05M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$14.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$23.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$29.02M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$5.26M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$6.42M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.46M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.63M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.99M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.58M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.39M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.45M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$103.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.45M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.10M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.57M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.01M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.09M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.65M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.27M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.38M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.11M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$865.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$998.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$148.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$107.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$897.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.07M	USD	1 Quarter
Amortization of held-to-maturity securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-482.00K	USD	1 Quarter
Amortization of held-to-maturity securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-304.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.55M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.93M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$166.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$183.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-393.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$828.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.72M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.95M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.93M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.11M	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.76M	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$-964.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.14M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.27M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.55M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.89M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$41.09M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$32.38M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$18.31M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$26.59M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.69M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-25.32M	USD	1 Quarter
Payments on debt	`RepaymentsOfLongTermDebt`	$92.00K	USD	1 Quarter
Payments on debt	`RepaymentsOfLongTermDebt`	$50.00K	USD	1 Quarter
Proceeds from exercises of stock options and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.62M	USD	1 Quarter
Proceeds from exercises of stock options and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$665.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$897.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.07M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.51M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.59M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$71.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-246.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.83M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.16M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.04M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.76M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.76M	USD	Point-in-time

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