10-Q Filing

Proto Labs Inc CIK: 1443669 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-007740`
Period End Date	20170331
Filing Date	20170502
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	prlb-20170331.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	`AllowanceForDoubtfulAccountsReceivableCurrent`	$442.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$472.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.89M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.65M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$39.48M	USD	Point-in-time
Short-term marketable securities	`MarketableSecuritiesCurrent`	$45.55M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	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 $472 and $442 as of March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$34.06M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $472 and $442 as of March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$39.01M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$9.31M	USD	Point-in-time
Inventory	`InventoryNet`	$8.94M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.70M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.41M	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`	$445.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$171.81M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.49M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$157.78M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	26.49M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$143.96M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	26.50M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$139.47M	USD	Point-in-time
Goodwill	`Goodwill`	$28.92M	USD	Point-in-time
Goodwill	`Goodwill`	$28.92M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$2.49M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$2.65M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$83.87M	USD	Point-in-time
Long-term marketable securities	`MarketableSecuritiesNoncurrent`	$84.48M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$992.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$933.00K	USD	Point-in-time
Total assets	`Assets`	$414.24M	USD	Point-in-time
Total assets	`Assets`	$432.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.32M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$7.67M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$6.96M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOtherLiabilities`	$4.74M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesAndOtherLiabilities`	$4.43M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.07M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.00M	USD	Point-in-time
Long-term deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.98M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$34.41M	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, 2017 and December 31, 2016	`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, 2017 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 26,488,949 and 26,504,868 shares as of December 31, 2016, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 26,488,949 and 26,504,868 shares as of December 31, 2016, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$213.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$215.36M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$176.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$186.64M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.47M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.57M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$379.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$392.46M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$414.24M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$432.03M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$80.17M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$72.57M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$32.91M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$34.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$45.27M	USD	1 Quarter
Marketing and sales	`SellingAndMarketingExpense`	$12.99M	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`	$5.82M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.78M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.25M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$24.51M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$17.68M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.14M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$625.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$315.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.77M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$18.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.11M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.20M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	26.47M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	26.22M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.44M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.38M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.41M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.25M	USD	1 Quarter
Share-based Compensation	`ShareBasedCompensation`	$1.73M	USD	1 Quarter
Share-based Compensation	`ShareBasedCompensation`	$1.72M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$394.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$89.00K	USD	1 Quarter
Amortization of held-to-maturity securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-301.00K	USD	1 Quarter
Amortization of held-to-maturity securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-289.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$56.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.78M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-435.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$62.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$688.00K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.56M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.05M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$319.00K	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`	$-353.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.79M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.25M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.81M	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`	$16.52M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$10.46M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$10.76M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.58M	USD	1 Quarter
Acquisition-related contingent consideration	`PaymentsOfMergerRelatedCostsFinancingActivities`	-	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`	$194.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.66M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.21M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.47M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$346.00K	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`	$3.09M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.97M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.63M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$71.89M	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`	$50.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$68.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$71.89M	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.