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10-Q Filing

CEVA INC CIK: 1173489 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001193125-13-214173
Period End Date 20130331
Filing Date 20130510
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance ceva-20130331.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $18.42M USD Point-in-time
Preferred stock, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.32M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $14.95M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Short term bank deposits OtherShortTermInvestments $47.23M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Short term bank deposits OtherShortTermInvestments $50.11M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $69.34M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $73.64M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 60.00M shares Point-in-time
Trade receivables AccountsReceivableNet $7.34M USD Point-in-time
Trade receivables AccountsReceivableNet $6.23M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 60.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 23.60M shares Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $2.29M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 23.60M shares Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $2.06M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $3.67M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 22.13M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $2.36M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 22.19M shares Point-in-time
Total current assets AssetsCurrent $145.65M USD Point-in-time
Treasury stock, shares TreasuryStockShares 1.46M shares Point-in-time
Treasury stock, shares TreasuryStockShares 1.41M shares Point-in-time
Total current assets AssetsCurrent $147.06M USD Point-in-time
Long term bank deposits OtherLongTermInvestments $23.05M USD Point-in-time
Long term bank deposits OtherLongTermInvestments $23.18M USD Point-in-time
Severance pay fund SeverancePayFundNoncurrent $6.13M USD Point-in-time
Severance pay fund SeverancePayFundNoncurrent $6.61M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $1.18M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $1.15M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.39M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.54M USD Point-in-time
Goodwill Goodwill $36.50M USD Point-in-time
Goodwill Goodwill $36.50M USD Point-in-time
Investments in other companies OtherAssetsNoncurrent $2.73M USD Point-in-time
Investments in other companies OtherAssetsNoncurrent $2.43M USD Point-in-time
Total long-term assets AssetsNoncurrent $70.68M USD Point-in-time
Total long-term assets AssetsNoncurrent $71.70M USD Point-in-time
Total assets Assets $218.76M USD Point-in-time
Total assets Assets $216.33M USD Point-in-time
Trade payables AccountsPayableTradeCurrent $1.18M USD Point-in-time
Trade payables AccountsPayableTradeCurrent $1.09M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $865.00K USD Point-in-time
Deferred revenues DeferredRevenueCurrent $483.00K USD Point-in-time
Accrued expenses and other payables AccountsPayableAndAccruedLiabilitiesCurrent $3.46M USD Point-in-time
Accrued expenses and other payables AccountsPayableAndAccruedLiabilitiesCurrent $2.82M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $8.06M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $6.98M USD Point-in-time
Income taxes payable, net TaxesPayableCurrent $1.63M USD Point-in-time
Income taxes payable, net TaxesPayableCurrent $1.78M USD Point-in-time
Total current liabilities LiabilitiesCurrent $14.23M USD Point-in-time
Total current liabilities LiabilitiesCurrent $14.11M USD Point-in-time
Accrued severance pay AccruedSeverancePayNoncurrent $6.16M USD Point-in-time
Accrued severance pay AccruedSeverancePayNoncurrent $6.72M USD Point-in-time
Preferred Stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred Stock: $0.001 par value: 5,000,000 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Common Stock: $0.001 par value: 60,000,000 shares authorized; 23,595,160 shares issued both at March 31, 2013 and December 31, 2012, and 22,132,062 and 22,187,367 shares outstanding at March 31, 2013 and December 31, 2012, respectively CommonStockValue $22.00K USD Point-in-time
Common Stock: $0.001 par value: 60,000,000 shares authorized; 23,595,160 shares issued both at March 31, 2013 and December 31, 2012, and 22,132,062 and 22,187,367 shares outstanding at March 31, 2013 and December 31, 2012, respectively CommonStockValue $22.00K USD Point-in-time
Additional paid in-capital AdditionalPaidInCapital $199.81M USD Point-in-time
Additional paid in-capital AdditionalPaidInCapital $198.50M USD Point-in-time
Treasury stock at cost (1,463,098 and 1,407,793 shares of common stock at March 31, 2013 and December 31, 2012, respectively) TreasuryStockValue $25.69M USD Point-in-time
Treasury stock at cost (1,463,098 and 1,407,793 shares of common stock at March 31, 2013 and December 31, 2012, respectively) TreasuryStockValue $26.35M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $360.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $247.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $22.89M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $24.07M USD Point-in-time
Total stockholders' equity StockholdersEquity $197.80M USD Point-in-time
Total stockholders' equity StockholdersEquity $196.07M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $218.76M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $216.33M USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Licensing and related revenue LicensesRevenue $5.03M USD 1 Quarter
Licensing and related revenue LicensesRevenue $6.01M USD 1 Quarter
Royalties RoyaltyRevenue $7.08M USD 1 Quarter
Royalties RoyaltyRevenue $9.11M USD 1 Quarter
Total revenues Revenues $15.11M USD 1 Quarter
Total revenues Revenues $12.12M USD 1 Quarter
Cost of revenues CostOfRevenue $1.57M USD 1 Quarter
Cost of revenues CostOfRevenue $870.00K USD 1 Quarter
Gross profit GrossProfit $14.24M USD 1 Quarter
Gross profit GrossProfit $10.54M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $5.49M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $5.04M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $2.29M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $2.35M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.87M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.84M USD 1 Quarter
Total operating expenses OperatingExpenses $9.64M USD 1 Quarter
Total operating expenses OperatingExpenses $9.23M USD 1 Quarter
Operating income OperatingIncomeLoss $1.31M USD 1 Quarter
Operating income OperatingIncomeLoss $4.60M USD 1 Quarter
Financial income, net InvestmentIncomeNet $948.00K USD 1 Quarter
Financial income, net InvestmentIncomeNet $729.00K USD 1 Quarter
Income before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $5.55M USD 1 Quarter
Income before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.04M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $689.00K USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $333.00K USD 1 Quarter
Net income NetIncomeLoss $1.71M USD 1 Quarter
Net income NetIncomeLoss $4.86M USD 1 Quarter
Basic net income per share EarningsPerShareBasic $0.21 USD 1 Quarter
Basic net income per share EarningsPerShareBasic $0.08 USD 1 Quarter
Diluted net income per share EarningsPerShareDiluted $0.08 USD 1 Quarter
Diluted net income per share EarningsPerShareDiluted $0.20 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 23.51M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 22.20M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 24.24M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 22.67M shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $1.71M USD 1 Quarter
Net income NetIncomeLoss $4.86M USD 1 Quarter
Depreciation Depreciation $154.00K USD 1 Quarter
Depreciation Depreciation $129.00K USD 1 Quarter
Equity-based compensation ShareBasedCompensation $1.25M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $1.32M USD 1 Quarter
Realized gain, net on sale of available-for-sale marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $45.00K USD 1 Quarter
Realized gain, net on sale of available-for-sale marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $143.00K USD 1 Quarter
Amortization of premiums on available-for-sale marketable securities InvestmentIncomeAmortizationOfPremium $380.00K USD 1 Quarter
Amortization of premiums on available-for-sale marketable securities InvestmentIncomeAmortizationOfPremium $412.00K USD 1 Quarter
Accrued interest on bank deposits AccruedInterestOnBankDeposits $352.00K USD 1 Quarter
Accrued interest on bank deposits AccruedInterestOnBankDeposits $493.00K USD 1 Quarter
Unrealized foreign exchange loss (gain) ForeignCurrencyTransactionGainLossUnrealized $4.00K USD 1 Quarter
Unrealized foreign exchange loss (gain) ForeignCurrencyTransactionGainLossUnrealized $-43.00K USD 1 Quarter
Increase in trade receivables IncreaseDecreaseInAccountsReceivable $363.00K USD 1 Quarter
Increase in trade receivables IncreaseDecreaseInAccountsReceivable $1.13M USD 1 Quarter
Increase in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $143.00K USD 1 Quarter
Increase in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.29M USD 1 Quarter
Increase in deferred taxes, net IncreaseDecreaseInDeferredTaxNet $-279.00K USD 1 Quarter
Increase in deferred taxes, net IncreaseDecreaseInDeferredTaxNet $-204.00K USD 1 Quarter
Increase (decrease) in trade payables IncreaseDecreaseInAccountsPayableTrade $244.00K USD 1 Quarter
Increase (decrease) in trade payables IncreaseDecreaseInAccountsPayableTrade $-87.00K USD 1 Quarter
Decrease in deferred revenues IncreaseDecreaseInDeferredRevenue $-472.00K USD 1 Quarter
Decrease in deferred revenues IncreaseDecreaseInDeferredRevenue $-382.00K USD 1 Quarter
Decrease in accrued expenses and other payables IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-619.00K USD 1 Quarter
Decrease in accrued expenses and other payables IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-272.00K USD 1 Quarter
Increase in accrued payroll and related benefits IncreaseDecreaseInAccruedSalariesAndRelatedExpenses $-1.03M USD 1 Quarter
Increase in accrued payroll and related benefits IncreaseDecreaseInAccruedSalariesAndRelatedExpenses $-333.00K USD 1 Quarter
Increase in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $156.00K USD 1 Quarter
Increase in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $750.00K USD 1 Quarter
Excess tax benefit from equity-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $300.00K USD 1 Quarter
Increase in accrued severance pay, net IncreaseDecreaseInAccruedSeverancePayNet $17.00K USD 1 Quarter
Increase in accrued severance pay, net IncreaseDecreaseInAccruedSeverancePayNet $91.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $5.62M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $670.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $298.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $87.00K USD 1 Quarter
Investment in bank deposits InvestmentInBankDeposits $21.00M USD 1 Quarter
Investment in bank deposits InvestmentInBankDeposits $18.00M USD 1 Quarter
Proceeds from bank deposits ProceedsFromBankDeposits $11.72M USD 1 Quarter
Proceeds from bank deposits ProceedsFromBankDeposits $18.44M USD 1 Quarter
Investment in available-for-sale marketable securities PaymentsToAcquireAvailableForSaleSecurities $12.90M USD 1 Quarter
Investment in available-for-sale marketable securities PaymentsToAcquireAvailableForSaleSecurities $20.43M USD 1 Quarter
Proceeds from maturity of available-for-sale marketable securities ProceedsFromMaturityOfMarketableSecurities $3.92M USD 1 Quarter
Proceeds from maturity of available-for-sale marketable securities ProceedsFromMaturityOfMarketableSecurities $5.78M USD 1 Quarter
Proceeds from sale of available-for-sale marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $11.82M USD 1 Quarter
Proceeds from sale of available-for-sale marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $7.64M USD 1 Quarter
Investment in other company PaymentsToAcquireBusinessesNetOfCashAcquired $300.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-7.85M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-5.84M USD 1 Quarter
Purchase of Treasury Stock PaymentsForRepurchaseOfCommonStock $9.54M USD 1 Quarter
Purchase of Treasury Stock PaymentsForRepurchaseOfCommonStock $2.00M USD 1 Quarter
Proceeds from exercise of stock-based awards ProceedsFromStockOptionsExercised $826.00K USD 1 Quarter
Proceeds from exercise of stock-based awards ProceedsFromStockOptionsExercised $814.00K USD 1 Quarter
Excess tax benefit from equity-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $300.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.18M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-8.42M USD 1 Quarter
Effect of exchange rate movements on cash EffectOfExchangeRateOnCashAndCashEquivalents $-70.00K USD 1 Quarter
Effect of exchange rate movements on cash EffectOfExchangeRateOnCashAndCashEquivalents $13.00K USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-8.63M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-8.42M USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $10.00M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $18.42M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $6.32M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $14.95M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $10.00M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $18.42M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $6.32M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $14.95M USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net income: NetIncomeLoss $1.71M USD 1 Quarter
Net income: NetIncomeLoss $4.86M USD 1 Quarter
Changes in unrealized gains (losses) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $1.13M USD 1 Quarter
Changes in unrealized gains (losses) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-15.00K USD 1 Quarter
Reclassification adjustments for gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax $-143.00K USD 1 Quarter
Reclassification adjustments for gains included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax $-45.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-158.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $1.09M USD 1 Quarter
Changes in unrealized gains OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $216.00K USD 1 Quarter
Changes in unrealized gains OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $106.00K USD 1 Quarter
Reclassification adjustments for gains (losses) included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax $-100.00K USD 1 Quarter
Reclassification adjustments for gains (losses) included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax $57.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $6.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $273.00K USD 1 Quarter
Other comprehensive income (loss) before tax OtherComprehensiveIncomeLossBeforeTax $-152.00K USD 1 Quarter
Other comprehensive income (loss) before tax OtherComprehensiveIncomeLossBeforeTax $1.36M USD 1 Quarter
Income tax benefit (expense) related to components of other comprehensive income (loss) OtherComprehensiveIncomeLossTax $357.00K USD 1 Quarter
Income tax benefit (expense) related to components of other comprehensive income (loss) OtherComprehensiveIncomeLossTax $-39.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $1.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-113.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $1.59M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $5.86M USD 1 Quarter

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

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