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10-Q Filing

CEVA INC CIK: 1173489 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001193125-14-194805
Period End Date 20140331
Filing Date 20140512
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance ceva-20140331.xml
Filing Contents
Balance Sheet 82 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.00M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $18.42M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $24.12M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $28.20M USD Point-in-time
Short term bank deposits OtherShortTermInvestments $42.14M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Short term bank deposits OtherShortTermInvestments $41.95M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecurities $68.46M USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecurities $65.34M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 60.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 60.00M shares Point-in-time
Trade receivables AccountsReceivableNet $3.07M USD Point-in-time
Trade receivables AccountsReceivableNet $5.63M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 23.60M shares Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $3.28M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 23.60M shares Point-in-time
Deferred tax assets DeferredTaxAssetsNetCurrent $3.46M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $2.00M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 21.03M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 21.18M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $3.64M USD Point-in-time
Treasury stock, shares TreasuryStockShares 2.41M shares Point-in-time
Total current assets AssetsCurrent $145.66M USD Point-in-time
Total current assets AssetsCurrent $145.61M USD Point-in-time
Treasury stock, shares TreasuryStockShares 2.56M shares Point-in-time
Long term bank deposits OtherLongTermInvestments $17.14M USD Point-in-time
Long term bank deposits OtherLongTermInvestments $17.07M USD Point-in-time
Severance pay fund SeverancePayFundNoncurrent $7.27M USD Point-in-time
Severance pay fund SeverancePayFundNoncurrent $7.21M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $1.04M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $955.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.62M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.53M 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 $3.37M USD Point-in-time
Investments in other companies OtherAssetsNoncurrent $3.37M USD Point-in-time
Total long-term assets AssetsNoncurrent $66.72M USD Point-in-time
Total long-term assets AssetsNoncurrent $66.84M USD Point-in-time
Total assets Assets $212.50M USD Point-in-time
Total assets Assets $212.33M USD Point-in-time
Trade payables AccountsPayableTradeCurrent $1.08M USD Point-in-time
Trade payables AccountsPayableTradeCurrent $622.00K USD Point-in-time
Deferred revenues DeferredRevenueCurrent $800.00K USD Point-in-time
Deferred revenues DeferredRevenueCurrent $623.00K USD Point-in-time
Accrued expenses and other payables AccountsPayableAndAccruedLiabilitiesCurrent $2.96M USD Point-in-time
Accrued expenses and other payables AccountsPayableAndAccruedLiabilitiesCurrent $2.65M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $7.68M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $7.81M USD Point-in-time
Income taxes payable, net TaxesPayableCurrent $1.86M USD Point-in-time
Income taxes payable, net TaxesPayableCurrent $1.83M USD Point-in-time
Total current liabilities LiabilitiesCurrent $14.18M USD Point-in-time
Total current liabilities LiabilitiesCurrent $13.74M USD Point-in-time
Accrued severance pay AccruedSeverancePayNoncurrent $7.25M USD Point-in-time
Accrued severance pay AccruedSeverancePayNoncurrent $7.38M 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 at March 31, 2014 and December 31, 2013. 21,031,689 and 21,181,730 shares outstanding at March 31, 2014 and December 31, 2013, respectively CommonStockValue $21.00K USD Point-in-time
Common Stock: $0.001 par value: 60,000,000 shares authorized; 23,595,160 shares issued at March 31, 2014 and December 31, 2013. 21,031,689 and 21,181,730 shares outstanding at March 31, 2014 and December 31, 2013, respectively CommonStockValue $21.00K USD Point-in-time
Additional paid in-capital AdditionalPaidInCapital $204.41M USD Point-in-time
Additional paid in-capital AdditionalPaidInCapital $206.11M USD Point-in-time
Treasury stock at cost (2,563,471 and 2,413,430 shares of common stock at March 31, 2014 and December 31, 2013, respectively) TreasuryStockValue $43.68M USD Point-in-time
Treasury stock at cost (2,563,471 and 2,413,430 shares of common stock at March 31, 2014 and December 31, 2013, respectively) TreasuryStockValue $41.01M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $360.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-56.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $247.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-81.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $27.55M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $28.99M USD Point-in-time
Total stockholders' equity StockholdersEquity $190.90M USD Point-in-time
Total stockholders' equity StockholdersEquity $191.38M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $212.33M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $212.50M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Licensing and related revenue LicensesRevenue $7.91M USD 1 Quarter
Licensing and related revenue LicensesRevenue $5.03M USD 1 Quarter
Royalties RoyaltyRevenue $5.77M USD 1 Quarter
Royalties RoyaltyRevenue $7.08M USD 1 Quarter
Total revenues Revenues $13.67M USD 1 Quarter
Total revenues Revenues $12.12M USD 1 Quarter
Cost of revenues CostOfRevenue $1.57M USD 1 Quarter
Cost of revenues CostOfRevenue $1.11M USD 1 Quarter
Gross profit GrossProfit $10.54M USD 1 Quarter
Gross profit GrossProfit $12.56M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $5.04M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $6.00M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $2.35M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $2.39M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.04M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.84M USD 1 Quarter
Total operating expenses OperatingExpenses $10.43M USD 1 Quarter
Total operating expenses OperatingExpenses $9.23M USD 1 Quarter
Operating income OperatingIncomeLoss $2.13M USD 1 Quarter
Operating income OperatingIncomeLoss $1.31M USD 1 Quarter
Financial income, net InvestmentIncomeNet $460.00K USD 1 Quarter
Financial income, net InvestmentIncomeNet $729.00K USD 1 Quarter
Income before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.59M USD 1 Quarter
Income before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.04M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $333.00K USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $608.00K USD 1 Quarter
Net income NetIncomeLoss $1.71M USD 1 Quarter
Net income NetIncomeLoss $1.99M USD 1 Quarter
Basic and diluted net income per share EarningsPerShareBasicAndDiluted $0.08 USD 1 Quarter
Basic and diluted net income per share EarningsPerShareBasicAndDiluted $0.09 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 22.20M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 21.16M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 22.67M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 21.59M shares 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $1.71M USD 1 Quarter
Net income NetIncomeLoss $1.99M USD 1 Quarter
Depreciation Depreciation $162.00K USD 1 Quarter
Depreciation Depreciation $154.00K USD 1 Quarter
Equity-based compensation ShareBasedCompensation $1.51M USD 1 Quarter
Equity-based compensation ShareBasedCompensation $1.32M USD 1 Quarter
Realized loss (gain), net on sale of available-for-sale marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $143.00K USD 1 Quarter
Realized loss (gain), net on sale of available-for-sale marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $-1.00K 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 $298.00K USD 1 Quarter
Accrued interest on bank deposits AccruedInterestOnBankDeposits $352.00K USD 1 Quarter
Accrued interest on bank deposits AccruedInterestOnBankDeposits $-116.00K USD 1 Quarter
Unrealized foreign exchange loss ForeignCurrencyTransactionGainLossUnrealized $-1.00K USD 1 Quarter
Unrealized foreign exchange loss ForeignCurrencyTransactionGainLossUnrealized $-43.00K USD 1 Quarter
Decrease (increase) in trade receivables IncreaseDecreaseInAccountsReceivable $1.13M USD 1 Quarter
Decrease (increase) in trade receivables IncreaseDecreaseInAccountsReceivable $-2.56M USD 1 Quarter
Increase in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.29M USD 1 Quarter
Increase in prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.46M USD 1 Quarter
Decrease (increase) in deferred tax, net IncreaseDecreaseInDeferredTaxNet $108.00K USD 1 Quarter
Decrease (increase) in deferred tax, net IncreaseDecreaseInDeferredTaxNet $-204.00K USD 1 Quarter
Decrease in trade payables IncreaseDecreaseInAccountsPayableTrade $-87.00K USD 1 Quarter
Decrease in trade payables IncreaseDecreaseInAccountsPayableTrade $-455.00K USD 1 Quarter
Increase (decrease) in deferred revenues IncreaseDecreaseInDeferredRevenue $177.00K USD 1 Quarter
Increase (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 $-298.00K USD 1 Quarter
Increase in accrued payroll and related benefits IncreaseDecreaseInAccruedSalariesAndRelatedExpenses $-1.03M USD 1 Quarter
Increase in accrued payroll and related benefits IncreaseDecreaseInAccruedSalariesAndRelatedExpenses $-166.00K USD 1 Quarter
Increase in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $156.00K USD 1 Quarter
Increase in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $25.00K USD 1 Quarter
Excess tax benefit from equity-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $179.00K USD 1 Quarter
Increase in accrued severance pay, net IncreaseDecreaseInAccruedSeverancePayNet $91.00K USD 1 Quarter
Increase in accrued severance pay, net IncreaseDecreaseInAccruedSeverancePayNet $70.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $4.80M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $670.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $77.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $298.00K USD 1 Quarter
Investment in bank deposits InvestmentInBankDeposits $21.39M USD 1 Quarter
Investment in bank deposits InvestmentInBankDeposits $21.00M USD 1 Quarter
Proceeds from bank deposits ProceedsFromBankDeposits $21.00M USD 1 Quarter
Proceeds from bank deposits ProceedsFromBankDeposits $18.44M USD 1 Quarter
Investment in available-for-sale marketable securities PaymentsToAcquireAvailableForSaleSecurities $10.08M 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 ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $3.92M USD 1 Quarter
Proceeds from maturity of available-for-sale marketable securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $700.00K USD 1 Quarter
Proceeds from sale of available-for-sale marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $12.21M USD 1 Quarter
Proceeds from sale of available-for-sale marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $11.82M USD 1 Quarter
Investments in other company PaymentsToAcquireBusinessesNetOfCashAcquired $300.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $2.35M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.85M USD 1 Quarter
Purchase of Treasury Stock PaymentsForRepurchaseOfCommonStock $4.13M USD 1 Quarter
Purchase of Treasury Stock PaymentsForRepurchaseOfCommonStock $2.00M USD 1 Quarter
Proceeds from exercise of stock-based awards ProceedsFromStockOptionsExercised $915.00K USD 1 Quarter
Proceeds from exercise of stock-based awards ProceedsFromStockOptionsExercised $826.00K USD 1 Quarter
Excess tax benefit from equity-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $179.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-3.03M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-1.18M USD 1 Quarter
Effect of exchange rate movements on cash EffectOfExchangeRateOnCashAndCashEquivalents $-37.00K USD 1 Quarter
Effect of exchange rate movements on cash EffectOfExchangeRateOnCashAndCashEquivalents $-70.00K USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $4.08M USD 1 Quarter
Increase (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 $24.12M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $28.20M 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 $24.12M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $28.20M USD Point-in-time
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $417.00K USD 1 Quarter
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $289.00K USD 1 Quarter
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net income: NetIncomeLoss $1.71M USD 1 Quarter
Net income: NetIncomeLoss $1.99M USD 1 Quarter
Changes in unrealized losses OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-15.00K USD 1 Quarter
Changes in unrealized losses OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-7.00K USD 1 Quarter
Reclassification adjustments for gains (losses) included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-1.00K USD 1 Quarter
Reclassification adjustments for gains (losses) included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $143.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-6.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $-158.00K USD 1 Quarter
Changes in unrealized gains OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $28.00K USD 1 Quarter
Changes in unrealized gains OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $106.00K USD 1 Quarter
Reclassification adjustments for losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $1.00K USD 1 Quarter
Reclassification adjustments for losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $100.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $27.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $6.00K USD 1 Quarter
Other comprehensive income (loss) before tax OtherComprehensiveIncomeLossBeforeTax $-152.00K USD 1 Quarter
Other comprehensive income (loss) before tax OtherComprehensiveIncomeLossBeforeTax $21.00K USD 1 Quarter
Income tax benefit related to components of other comprehensive income (loss) OtherComprehensiveIncomeLossTax $-4.00K USD 1 Quarter
Income tax benefit related to components of other comprehensive income (loss) OtherComprehensiveIncomeLossTax $-39.00K USD 1 Quarter
Other comprehensive income (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $-113.00K USD 1 Quarter
Other comprehensive income (loss), net of taxes OtherComprehensiveIncomeLossNetOfTax $25.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $1.59M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $2.01M USD 1 Quarter

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

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