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10-Q Filing

EMCORE CORP CIK: 808326 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000808326-16-000042
Period End Date 20151231
Filing Date 20160204
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance emkr-20151231.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $325.00K USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $462.00K USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $462.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $20.69M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $111.89M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $115.52M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $147.58M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $1.10M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $375.00K USD Point-in-time
Allowance for non-current assets AllowanceForDoubtfulAccountsReceivableNoncurrent $3.56M USD Point-in-time
Allowance for non-current assets AllowanceForDoubtfulAccountsReceivableNoncurrent - USD Point-in-time
Accounts receivable, net of allowance of $325 and $462, respectively AccountsReceivableNetCurrent $17.32M USD Point-in-time
Accounts receivable, net of allowance of $325 and $462, respectively AccountsReceivableNetCurrent $14.43M USD Point-in-time
Inventory InventoryNet $17.13M USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in usd per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Inventory InventoryNet $14.87M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 5.88M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 5.88M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $4.31M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $4.98M USD Point-in-time
Total current assets AssetsCurrent $151.69M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Total current assets AssetsCurrent $150.24M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $8.93M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $8.93M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $9.73M 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
Common stock, par value (USD per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Other non-current assets, net of allowance of $0 and $3,561, respectively OtherAssetsNoncurrent $245.00K USD Point-in-time
Common stock, par value (USD per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Other non-current assets, net of allowance of $0 and $3,561, respectively OtherAssetsNoncurrent $297.00K USD Point-in-time
Total assets Assets $160.91M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 50.00M shares Point-in-time
Total assets Assets $160.21M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 50.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 32.59M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 32.62M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 25.71M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 25.68M shares Point-in-time
Treasury stock, shares held (in shares) TreasuryStockShares 6.91M shares Point-in-time
Treasury stock, shares held (in shares) TreasuryStockShares 6.91M shares Point-in-time
Accounts payable AccountsPayableCurrent $7.19M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.92M USD Point-in-time
Deferred gain associated with sale of assets DeferredGainOnSaleOfAssets $3.40M USD Point-in-time
Deferred gain associated with sale of assets DeferredGainOnSaleOfAssets $3.40M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesAndOtherLiabilities $11.49M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesAndOtherLiabilities $13.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $23.69M USD Point-in-time
Total current liabilities LiabilitiesCurrent $21.81M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $1.52M USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $1.77M USD Point-in-time
Total liabilities Liabilities $23.33M USD Point-in-time
Total liabilities Liabilities $25.46M USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.0001 par value, 5,882 shares authorized; none issued or outstanding PreferredStockValueOutstanding - USD Point-in-time
Preferred stock, $0.0001 par value, 5,882 shares authorized; none issued or outstanding PreferredStockValueOutstanding - USD Point-in-time
Common stock, no par value, 50,000 shares authorized; 32,624 shares issued and 25,714 shares outstanding as of December 31, 2015; 32,586 shares issued and 25,676 shares outstanding as of September 30, 2015 CommonStockValueOutstanding $762.00M USD Point-in-time
Common stock, no par value, 50,000 shares authorized; 32,624 shares issued and 25,714 shares outstanding as of December 31, 2015; 32,586 shares issued and 25,676 shares outstanding as of September 30, 2015 CommonStockValueOutstanding $762.54M USD Point-in-time
Treasury stock at cost; 6,910 shares TreasuryStockValue $47.72M USD Point-in-time
Treasury stock at cost; 6,910 shares TreasuryStockValue $47.72M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $759.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $847.00K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-578.70M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-579.69M USD Point-in-time
Total shareholders equity StockholdersEquity $136.88M USD Point-in-time
Total shareholders equity StockholdersEquity $135.44M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $160.21M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $160.91M USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Revenue Revenues $22.49M USD 1 Quarter
Revenue Revenues $18.42M USD 1 Quarter
Cost of revenue CostOfRevenue $13.24M USD 1 Quarter
Cost of revenue CostOfRevenue $15.09M USD 1 Quarter
Gross profit GrossProfit $7.40M USD 1 Quarter
Gross profit GrossProfit $5.18M USD 1 Quarter
Selling, general, and administrative SellingGeneralAndAdministrativeExpense $8.63M USD 1 Quarter
Selling, general, and administrative SellingGeneralAndAdministrativeExpense $4.82M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $2.17M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $2.56M USD 1 Quarter
Gain from change in estimate on ARO obligation AssetRetirementObligationGainLossfromRevisionofEstimates - USD 1 Quarter
Gain from change in estimate on ARO obligation AssetRetirementObligationGainLossfromRevisionofEstimates $845.00K USD 1 Quarter
Loss on sale of assets GainsLossesOnSalesOfAssets $-228.00K USD 1 Quarter
Loss on sale of assets GainsLossesOnSalesOfAssets - USD 1 Quarter
Total operating expense OperatingExpenses $7.38M USD 1 Quarter
Total operating expense OperatingExpenses $10.18M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $20.00K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-5.00M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-17.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-130.00K USD 1 Quarter
Foreign exchange (loss) gain ForeignCurrencyTransactionGainLossBeforeTax $-135.00K USD 1 Quarter
Foreign exchange (loss) gain ForeignCurrencyTransactionGainLossBeforeTax $57.00K USD 1 Quarter
Change in fair value of financial instruments UnrealizedGainLossOnDerivatives - USD 1 Quarter
Change in fair value of financial instruments UnrealizedGainLossOnDerivatives $36.00K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-37.00K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-152.00K USD 1 Quarter
Loss from continuing operations before income tax (expense) benefit IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-5.04M USD 1 Quarter
Loss from continuing operations before income tax (expense) benefit IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-132.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-1.91M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $2.00K USD 1 Quarter
Loss from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-134.00K USD 1 Quarter
Loss from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-3.13M USD 1 Quarter
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $1.12M USD 1 Quarter
Income from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $59.26M USD 1 Quarter
Net income NetIncomeLoss $987.00K USD 1 Quarter
Net income NetIncomeLoss $56.13M USD 1 Quarter
Foreign exchange translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-711.00K USD 1 Quarter
Foreign exchange translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-88.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $899.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $55.42M USD 1 Quarter
Net (loss) income per basic and diluted share, continuing operations, (in usd per share) IncomeLossFromContinuingOperationsPerBasicAndDilutedShare - USD 1 Quarter
Net (loss) income per basic and diluted share, continuing operations, (in usd per share) IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.10 USD 1 Quarter
Net income per basic and diluted share, discontinued operations (in usd per share) DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $0.04 USD 1 Quarter
Net income per basic and diluted share, discontinued operations (in usd per share) DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $1.90 USD 1 Quarter
Net income per basic and diluted share (in usd per share) EarningsPerShareBasicAndDiluted $1.80 USD 1 Quarter
Net income per basic and diluted share (in usd per share) EarningsPerShareBasicAndDiluted $0.04 USD 1 Quarter
Weighted-average number of basic and diluted shares outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 25.70M shares 1 Quarter
Weighted-average number of basic and diluted shares outstanding (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 31.22M shares 1 Quarter
Cash Flow Statement 79 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $987.00K USD 1 Quarter
Net income NetIncomeLoss $56.13M USD 1 Quarter
Depreciation, amortization and accretion expense DepreciationDepletionAndAmortization $506.00K USD 1 Quarter
Depreciation, amortization and accretion expense DepreciationDepletionAndAmortization $1.23M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.61M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $387.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $24.08M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit - USD 1 Quarter
Gain on sale of Photovoltaics Business GainLossOnSaleOfBusiness $87.02M USD 1 Quarter
Gain on sale of Photovoltaics Business GainLossOnSaleOfBusiness - USD 1 Quarter
Provision adjustments related to doubtful accounts ProvisionForDoubtfulAccounts $4.00K USD 1 Quarter
Provision adjustments related to doubtful accounts ProvisionForDoubtfulAccounts $290.00K USD 1 Quarter
Provision adjustments related to product warranty ProductWarrantyExpense $146.00K USD 1 Quarter
Provision adjustments related to product warranty ProductWarrantyExpense $402.00K USD 1 Quarter
Change in fair value of financial instruments UnrealizedGainLossOnDerivatives - USD 1 Quarter
Change in fair value of financial instruments UnrealizedGainLossOnDerivatives $36.00K USD 1 Quarter
Gain from change in estimate on ARO obligation AssetRetirementObligationGainLossfromRevisionofEstimates - USD 1 Quarter
Gain from change in estimate on ARO obligation AssetRetirementObligationGainLossfromRevisionofEstimates $845.00K USD 1 Quarter
Reclassification of foreign currency translation adjustment ForeignCurrencyTransactionGainLossReclassifiedtoEarnings - USD 1 Quarter
Reclassification of foreign currency translation adjustment ForeignCurrencyTransactionGainLossReclassifiedtoEarnings $744.00K USD 1 Quarter
Gain on settlement of solar power assets and obligations GainLossonTransferofProductiveAssets $689.00K USD 1 Quarter
Gain on settlement of solar power assets and obligations GainLossonTransferofProductiveAssets - USD 1 Quarter
Gain on settlement of Newark lease GainLossOnContractTermination - USD 1 Quarter
Gain on settlement of Newark lease GainLossOnContractTermination $300.00K USD Point-in-time
Gain on settlement of Newark lease GainLossOnContractTermination $310.00K USD 1 Quarter
Net loss on disposal of equipment GainLossOnDispositionOfAssets $-237.00K USD 1 Quarter
Net loss on disposal of equipment GainLossOnDispositionOfAssets - USD 1 Quarter
Total non-cash adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-59.80M USD 1 Quarter
Total non-cash adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $44.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-5.33M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-2.88M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-2.12M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $2.19M USD 1 Quarter
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.07M USD 1 Quarter
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.44M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-374.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-43.00K USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilities $7.71M USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilities $-1.69M USD 1 Quarter
Total change in operating assets and liabilities IncreaseDecreaseInOperatingCapital $-4.70M USD 1 Quarter
Total change in operating assets and liabilities IncreaseDecreaseInOperatingCapital $-6.42M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.75M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $5.73M USD 1 Quarter
Proceeds from sale of Photovoltaics Business ProceedsFromDivestitureOfBusinesses $150.00M USD 1 Quarter
Proceeds from sale of Photovoltaics Business ProceedsFromDivestitureOfBusinesses - USD 1 Quarter
Purchase of equipment PaymentsToAcquirePropertyPlantAndEquipment $845.00K USD 1 Quarter
Purchase of equipment PaymentsToAcquirePropertyPlantAndEquipment $1.68M USD 1 Quarter
Deposits on equipment orders PaymentsForDeposits - USD 1 Quarter
Deposits on equipment orders PaymentsForDeposits - USD 1 Quarter
(Increase) decrease in restricted cash IncreaseDecreaseInRestrictedCash $-1.07M USD 1 Quarter
(Increase) decrease in restricted cash IncreaseDecreaseInRestrictedCash $728.00K USD 1 Quarter
Proceeds from disposal of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from disposal of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $50.00K USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $150.28M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-2.40M USD 1 Quarter
Payments on credit facilities ProceedsFromRepaymentsOfLinesOfCredit $-26.52M USD 1 Quarter
Payments on credit facilities ProceedsFromRepaymentsOfLinesOfCredit - USD 1 Quarter
Proceeds from stock plans ProceedsFromStockPlans $355.00K USD 1 Quarter
Proceeds from stock plans ProceedsFromStockPlans $186.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-26.16M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $186.00K USD 1 Quarter
Effect of exchange rate changes on foreign currency EffectOfExchangeRateOnCashAndCashEquivalents $23.00K USD 1 Quarter
Effect of exchange rate changes on foreign currency EffectOfExchangeRateOnCashAndCashEquivalents $121.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $3.63M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $126.89M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $20.69M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $111.89M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $115.52M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $147.58M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $20.69M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $111.89M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $115.52M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $147.58M USD Point-in-time
Cash paid during the period for interest InterestPaid $94.00K USD 1 Quarter
Cash paid during the period for interest InterestPaid $23.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaid $108.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaid $25.00K USD 1 Quarter
Changes in accounts payable related to purchases of equipment IncreaseDecreaseinAccountsPayableRelatedtoPropertyandEquipmentPurchases $-206.00K USD 1 Quarter
Changes in accounts payable related to purchases of equipment IncreaseDecreaseinAccountsPayableRelatedtoPropertyandEquipmentPurchases - USD 1 Quarter

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

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