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10-Q Filing

CEVA INC CIK: 1173489 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001193125-16-585561
Period End Date 20160331
Filing Date 20160510
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance ceva-20160331.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 $16.17M USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.31M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.99M USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $18.91M USD Point-in-time
Short term bank deposits InterestBearingDepositsInBanks $40.61M USD Point-in-time
Preferred Stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred Stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Short term bank deposits InterestBearingDepositsInBanks $30.77M USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecurities $48.27M USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecurities $54.29M USD Point-in-time
Trade receivables, net AccountsReceivableNetCurrent $6.71M 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, net AccountsReceivableNetCurrent $4.07M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $4.02M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $2.94M USD Point-in-time
Common Stock, shares issued CommonStockSharesIssued 23.60M shares Point-in-time
Common Stock, shares issued CommonStockSharesIssued 23.60M shares Point-in-time
Total current assets AssetsCurrent $106.03M USD Point-in-time
Common Stock, shares outstanding CommonStockSharesOutstanding 20.53M shares Point-in-time
Total current assets AssetsCurrent $115.86M USD Point-in-time
Common Stock, shares outstanding CommonStockSharesOutstanding 20.43M shares Point-in-time
Treasury stock, shares TreasuryStockShares 3.07M shares Point-in-time
Long term bank deposits InterestBearingDepositsInBanksLongTerm $41.33M USD Point-in-time
Treasury stock, shares TreasuryStockShares 3.16M shares Point-in-time
Long term bank deposits InterestBearingDepositsInBanksLongTerm $30.75M USD Point-in-time
Severance pay fund SeverancePayFundNoncurrent $7.30M USD Point-in-time
Severance pay fund SeverancePayFundNoncurrent $7.68M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $1.63M USD Point-in-time
Deferred tax assets DeferredTaxAssetsNetNoncurrent $1.93M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $3.73M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $3.84M USD Point-in-time
Goodwill Goodwill $46.61M USD Point-in-time
Goodwill Goodwill $46.61M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $4.21M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.90M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $1.81M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $3.64M USD Point-in-time
Total long-term assets AssetsNoncurrent $98.36M USD Point-in-time
Total long-term assets AssetsNoncurrent $106.62M USD Point-in-time
Total assets Assets $212.65M USD Point-in-time
Total assets Assets $214.22M USD Point-in-time
Trade payables AccountsPayableTradeCurrent $1.42M USD Point-in-time
Trade payables AccountsPayableTradeCurrent $693.00K USD Point-in-time
Deferred revenues DeferredRevenueCurrent $2.76M USD Point-in-time
Deferred revenues DeferredRevenueCurrent $1.43M USD Point-in-time
Accrued expenses and other payables AccruedLiabilitiesCurrent $3.63M USD Point-in-time
Accrued expenses and other payables AccruedLiabilitiesCurrent $4.41M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $11.89M USD Point-in-time
Accrued payroll and related benefits EmployeeRelatedLiabilitiesCurrent $11.52M USD Point-in-time
Total current liabilities LiabilitiesCurrent $18.78M USD Point-in-time
Total current liabilities LiabilitiesCurrent $18.98M USD Point-in-time
Accrued severance pay AccruedSeverancePayNoncurrent $8.17M USD Point-in-time
Accrued severance pay AccruedSeverancePayNoncurrent $7.57M USD Point-in-time
Total long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $7.57M USD Point-in-time
Total long-term liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $8.17M 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, 2016 and December 31, 2015. 20,434,620 and 20,529,933 shares outstanding at March 31, 2016 and December 31, 2015, respectively CommonStockValue $20.00K USD Point-in-time
Common Stock: $0.001 par value: 60,000,000 shares authorized; 23,595,160 shares issued at March 31, 2016 and December 31, 2015. 20,434,620 and 20,529,933 shares outstanding at March 31, 2016 and December 31, 2015, respectively CommonStockValue $21.00K USD Point-in-time
Additional paid in-capital AdditionalPaidInCapitalCommonStock $209.89M USD Point-in-time
Additional paid in-capital AdditionalPaidInCapitalCommonStock $208.74M USD Point-in-time
Treasury stock at cost (3,160,540 and 3,065,227 shares of common stock at March 31, 2016 and December 31, 2015, respectively) TreasuryStockValue $53.78M USD Point-in-time
Treasury stock at cost (3,160,540 and 3,065,227 shares of common stock at March 31, 2016 and December 31, 2015, respectively) TreasuryStockValue $51.80M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-436.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-419.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-311.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-11.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $29.55M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $31.16M USD Point-in-time
Total stockholders' equity StockholdersEquity $186.09M USD Point-in-time
Total stockholders' equity StockholdersEquity $187.27M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $212.65M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $214.22M USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Licensing and related revenue LicensesRevenue $8.65M USD 1 Quarter
Licensing and related revenue LicensesRevenue $7.84M USD 1 Quarter
Royalties RoyaltyRevenue $6.00M USD 1 Quarter
Royalties RoyaltyRevenue $7.86M USD 1 Quarter
Total revenues Revenues $16.51M USD 1 Quarter
Total revenues Revenues $13.83M USD 1 Quarter
Cost of revenues CostOfRevenue $1.19M USD 1 Quarter
Cost of revenues CostOfRevenue $1.63M USD 1 Quarter
Gross profit GrossProfit $12.65M USD 1 Quarter
Gross profit GrossProfit $14.88M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $7.91M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $7.36M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $2.85M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $2.43M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.97M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.99M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $309.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $325.00K USD 1 Quarter
Total operating expenses OperatingExpenses $12.09M USD 1 Quarter
Total operating expenses OperatingExpenses $13.06M USD 1 Quarter
Operating income OperatingIncomeLoss $563.00K USD 1 Quarter
Operating income OperatingIncomeLoss $1.82M USD 1 Quarter
Financial income (loss), net InvestmentIncomeNet $441.00K USD 1 Quarter
Financial income (loss), net InvestmentIncomeNet $-27.00K USD 1 Quarter
Income before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $536.00K USD 1 Quarter
Income before taxes on income IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.26M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $463.00K USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $50.00K USD 1 Quarter
Net income NetIncomeLoss $486.00K USD 1 Quarter
Net income NetIncomeLoss $1.80M USD 1 Quarter
Basic and diluted net income per share EarningsPerShareBasicAndDiluted $0.09 USD 1 Quarter
Basic and diluted net income per share EarningsPerShareBasicAndDiluted $0.02 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 20.52M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 20.42M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 20.93M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 20.96M shares 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $486.00K USD 1 Quarter
Net income NetIncomeLoss $1.80M USD 1 Quarter
Depreciation Depreciation $298.00K USD 1 Quarter
Depreciation Depreciation $255.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $309.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $325.00K USD 1 Quarter
Equity-based compensation ShareBasedCompensation $849.00K USD 1 Quarter
Equity-based compensation ShareBasedCompensation $1.47M USD 1 Quarter
Realized loss, net on sale of available-for-sale marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $-30.00K USD 1 Quarter
Realized loss, net on sale of available-for-sale marketable securities AvailableForSaleSecuritiesGrossRealizedGainLossNet $-13.00K USD 1 Quarter
Amortization of premiums on available-for-sale marketable securities InvestmentIncomeAmortizationOfPremium $280.00K USD 1 Quarter
Amortization of premiums on available-for-sale marketable securities InvestmentIncomeAmortizationOfPremium $249.00K USD 1 Quarter
Unrealized foreign exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $6.00K USD 1 Quarter
Unrealized foreign exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $-185.00K USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $2.64M USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $3.03M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.55M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $462.00K USD 1 Quarter
Accrued interest on bank deposits IncreaseDecreaseInAccruedInterestOnBankDeposits $-30.00K USD 1 Quarter
Accrued interest on bank deposits IncreaseDecreaseInAccruedInterestOnBankDeposits $272.00K USD 1 Quarter
Deferred tax, net IncreaseDecreaseInDeferredTaxNet $-355.00K USD 1 Quarter
Deferred tax, net IncreaseDecreaseInDeferredTaxNet $-547.00K USD 1 Quarter
Trade payables IncreaseDecreaseInAccountsPayableTrade $716.00K USD 1 Quarter
Trade payables IncreaseDecreaseInAccountsPayableTrade $428.00K USD 1 Quarter
Deferred revenues IncreaseDecreaseInDeferredRevenue $397.00K USD 1 Quarter
Deferred revenues IncreaseDecreaseInDeferredRevenue $-1.33M USD 1 Quarter
Accrued expenses and other payables IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $293.00K USD 1 Quarter
Accrued expenses and other payables IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-277.00K USD 1 Quarter
Accretion of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $48.00K USD 1 Quarter
Accrued payroll and related benefits IncreaseDecreaseInAccruedSalariesAndRelatedExpenses $540.00K USD 1 Quarter
Accrued payroll and related benefits IncreaseDecreaseInAccruedSalariesAndRelatedExpenses $-1.20M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $467.00K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $36.00K USD 1 Quarter
Accrued severance pay, net IncreaseDecreaseInAccruedSeverancePayNet $203.00K USD 1 Quarter
Accrued severance pay, net IncreaseDecreaseInAccruedSeverancePayNet $206.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $236.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-672.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $411.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $377.00K USD 1 Quarter
Investment in bank deposits InvestmentInBankDeposits $22.09M USD 1 Quarter
Proceeds from bank deposits ProceedsFromBankDeposits $21.66M USD 1 Quarter
Proceeds from bank deposits ProceedsFromBankDeposits $1.11M USD 1 Quarter
Investment in available-for-sale marketable securities PaymentsToAcquireAvailableForSaleSecurities $3.36M USD 1 Quarter
Investment in available-for-sale marketable securities PaymentsToAcquireAvailableForSaleSecurities $15.43M USD 1 Quarter
Proceeds from maturity of available-for-sale marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $350.00K USD 1 Quarter
Proceeds from maturity of available-for-sale marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $2.98M USD 1 Quarter
Proceeds from sale of available-for-sale marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $6.41M USD 1 Quarter
Proceeds from sale of available-for-sale marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $2.78M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-1.04M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-5.35M USD 1 Quarter
Payment of contingent consideration (see note 3) BusinessAcquisitionContingentConsiderationPaid $2.70M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $3.42M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $1.92M USD 1 Quarter
Proceeds from exercise of stock-based awards ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $4.15M USD 1 Quarter
Proceeds from exercise of stock-based awards ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $912.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-2.50M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-465.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $24.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $6.00K USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-2.17M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-7.59M USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $16.17M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $11.31M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $13.99M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $18.91M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $16.17M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $11.31M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $13.99M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $18.91M USD Point-in-time
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $311.00K USD 1 Quarter
Income and withholding taxes, net of refunds IncomeTaxesPaidNet $548.00K USD 1 Quarter
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net income: NetIncomeLoss $486.00K USD 1 Quarter
Net income: NetIncomeLoss $1.80M USD 1 Quarter
Changes in unrealized gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $162.00K USD 1 Quarter
Changes in unrealized gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $223.00K USD 1 Quarter
Reclassification adjustments for losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-13.00K USD 1 Quarter
Reclassification adjustments for losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax $-30.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $175.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $253.00K USD 1 Quarter
Changes in unrealized gains (losses) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $235.00K USD 1 Quarter
Changes in unrealized gains (losses) OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-110.00K USD 1 Quarter
Reclassification adjustments for (gains) losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-73.00K USD 1 Quarter
Reclassification adjustments for (gains) losses included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $25.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $210.00K USD 1 Quarter
Net change OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-37.00K USD 1 Quarter
Other comprehensive income before tax OtherComprehensiveIncomeLossBeforeTax $138.00K USD 1 Quarter
Other comprehensive income before tax OtherComprehensiveIncomeLossBeforeTax $463.00K USD 1 Quarter
Income tax expense related to components of other comprehensive income OtherComprehensiveIncomeLossTax $55.00K USD 1 Quarter
Income tax expense related to components of other comprehensive income OtherComprehensiveIncomeLossTax $13.00K USD 1 Quarter
Other comprehensive income, net of taxes OtherComprehensiveIncomeLossNetOfTax $408.00K USD 1 Quarter
Other comprehensive income, net of taxes OtherComprehensiveIncomeLossNetOfTax $125.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $611.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $2.21M USD 1 Quarter

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

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