MWI Veterinary Supply, Inc. (Unaudited - Dollars and shares in thousands, except per share amounts)Condensed Consolidated Quarter Ended December 31,Statements of Income 2012 2011----------------------------------------------------------------------------Revenues $ 572,848 $ 461,901Cost of product sales 495,919 399,387---------------------------------------------------------------------------Gross profit 76,929 62,514Selling, general and administrative expenses 47,460 38,907Depreciation and amortization 2,392 2,192---------------------------------------------------------------------------Operating income 27,077 21,415Interest expense (203) (183)Other income 297 265---------------------------------------------------------------------------Income before taxes 27,171 21,497Income tax expense (10,420) (8,301)---------------------------------------------------------------------------Net income $ 16,751 $ 13,196------------------------------------------------------------------------------------------------------------------------------------------------------Net income per share - diluted $ 1.32 $ 1.05Weighted average common shares outstanding - diluted 12,695 12,605--------------------------------------------------------------------------- December 31, September 30,Condensed Consolidated Balance Sheets 2012 2012---------------------------------------------------------------------------Assets Cash $ 587 $ 514 Receivables, net 292,715 288,922 Inventories 272,533 251,375 Prepaid expenses and other current assets 6,892 10,094 Deferred income taxes 2,013 1,580 -------------------------------- Total current assets 574,740 552,485 Property and equipment, net 37,180 35,784 Goodwill 69,935 61,841 Intangibles, net 43,984 38,706 Other assets, net 7,706 7,567 -------------------------------- Total Assets $ 733,545 $ 696,383 --------------------------------Liabilities Credit facilities $ 52,584 $ 48,080 Accounts payable 266,740 258,741 Accrued expenses and other current liabilities 26,367 19,952 Current portion of capital lease obligations 264 337 --------------------------------Total current liabilities 345,955 327,110 Deferred income taxes 7,826 7,180 Long-term debt and capital lease obligations 70 104 Other long-term liabilities 2,636 2,687Stockholders' Equity 377,058 359,302 -------------------------------- Total Liabilities and Stockholders' Equity $ 733,545 $ 696,383 --------------------------------
Investor Relations contact:
Mary Pat Thompson
Senior Vice President of Finance and Administration, and Chief Financial Officer
(208) 955-8930
Email Contact
