10-Q Filing

Proto Labs Inc CIK: 1443669 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-030937`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	prlb-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 34 Cash Flow Statement 56

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$281.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$330.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.33M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.65M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$38.80M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$33.20M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $281 and $330 as of March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$36.15M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $281 and $330 as of March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$36.12M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$9.92M	USD	Point-in-time
Inventory	`InventoryNet`	$9.77M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.62M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.22M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$6.03M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$144.15M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.20M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$138.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$125.47M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	26.30M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$130.34M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	26.20M	shares	Point-in-time
Goodwill	`Goodwill`	$28.92M	USD	Point-in-time
Goodwill	`Goodwill`	$28.92M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$3.15M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$3.34M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$64.79M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$67.73M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$554.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$517.00K	USD	Point-in-time
Total assets	`Assets`	$361.04M	USD	Point-in-time
Total assets	`Assets`	$374.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.64M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$9.99M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.75M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOtherLiabilities`	$1.65M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOtherLiabilities`	$2.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.94M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$4.24M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$4.33M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.89M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.39M	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, 2016 and December 31, 2015	`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, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 26,301,688 and 26,200,718 shares as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 26,301,688 and 26,200,718 shares as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$198.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$203.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$134.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$144.66M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.93M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.47M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.21M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$327.64M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$343.71M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$361.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$374.83M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$58.54M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$72.57M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$32.91M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$23.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.25M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$8.85M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$10.94M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.32M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.25M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.25M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.51M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.41M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.14M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.84M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-457.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$625.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.77M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.11M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.66M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	26.22M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.85M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.21M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.38M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.41M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.73M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.34M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$89.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$343.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.31M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$510.00K	USD	1 Quarter
Amortization of held-to-maturity securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-289.00K	USD	1 Quarter
Amortization of held-to-maturity securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-305.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.36M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$62.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$243.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.56M	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$989.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.30M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.73M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$776.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-135.00K	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.87M	USD	1 Quarter
Accrued liabilities and other	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.42M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.94M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.23M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.28M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$18.79M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireHeldToMaturitySecurities`	$11.57M	USD	1 Quarter
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$10.46M	USD	1 Quarter
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$11.65M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.16M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.60M	USD	1 Quarter
Payments on debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on debt	`RepaymentsOfLongTermDebt`	$49.00K	USD	1 Quarter
Acquisition-related contingent consideration	`PaymentsOfMergerRelatedCostsFinancingActivities`	$1.00M	USD	1 Quarter
Acquisition-related contingent consideration	`PaymentsOfMergerRelatedCostsFinancingActivities`	$400.00K	USD	1 Quarter
Proceeds from exercises of stock options and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.61M	USD	1 Quarter
Proceeds from exercises of stock options and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$878.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.31M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$510.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$339.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.52M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-373.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$109.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.97M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.22M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.55M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.33M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.63M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.65M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$52.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.65M	USD	Point-in-time

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