LIHUA INTERNATIONAL INC.: 10-Q filed 2013-11-12

Name: LIHUA INTERNATIONAL INC.: 10-Q filed 2013-11-12
Creator: LIHUA INTERNATIONAL INC.
License: https://creativecommons.org/licenses/by/4.0/

What LIHUA INTERNATIONAL INC. reported in its quarterly report filed 2013-11-12 (fiscal Q3 2013): 42 published measures, 118 facts as tagged in accession 0001144204-13-060495.

This filing

Form: 10-Q (quarterly report)
Filed: 2013-11-12
Fiscal period: fiscal Q3 2013
Accession: 0001144204-13-060495 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All LIHUA INTERNATIONAL INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2013-09-30	350,868,255	USD
At 2012-12-31	293,911,897	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2013-09-30	21,978,839	USD
At 2012-12-31	14,979,702	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2013-09-30	328,889,416	USD
At 2012-12-31	278,932,195	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2013-09-30	188,266,350	USD
At 2012-12-31	144,300,290	USD
At 2012-09-30	130,485,201	USD
At 2011-12-31	105,637,627	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	13,938,895	USD	92
2013-01-01 to 2013-09-30	42,925,892	USD	273
2012-07-01 to 2012-09-30	17,226,638	USD	92
2012-01-01 to 2012-09-30	42,148,316	USD	274

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2013-01-01 to 2013-09-30	44,682,265	USD	273
2012-01-01 to 2012-09-30	35,035,331	USD	274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2013-01-01 to 2013-09-30	3,913,886	USD	273
2012-01-01 to 2012-09-30	2,357,375	USD	274

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2013-01-01 to 2013-09-30	0	USD	273
2012-01-01 to 2012-09-30	-992,846	USD	274

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2013-01-01 to 2013-09-30	-4,342,651	USD	273
2012-01-01 to 2012-09-30	-8,299,908	USD	274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2013-09-30	209,890,386	USD
At 2012-12-31	170,163,120	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	29,831,336	shares	92
2013-01-01 to 2013-09-30	29,825,874	shares	273
2012-07-01 to 2012-09-30	29,820,836	shares	92
2012-01-01 to 2012-09-30	29,814,300	shares	274

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	29,972,453	shares	92
2013-01-01 to 2013-09-30	29,972,559	shares	273
2012-07-01 to 2012-09-30	29,891,994	shares	92
2012-01-01 to 2012-09-30	29,996,507	shares	274

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	0.47	USD/shares	92
2013-01-01 to 2013-09-30	1.44	USD/shares	273
2012-07-01 to 2012-09-30	0.58	USD/shares	92
2012-01-01 to 2012-09-30	1.41	USD/shares	274

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	0.46	USD/shares	92
2013-01-01 to 2013-09-30	1.43	USD/shares	273
2012-07-01 to 2012-09-30	0.58	USD/shares	92
2012-01-01 to 2012-09-30	1.41	USD/shares	274

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	4,689,657	USD	92
2013-01-01 to 2013-09-30	14,961,830	USD	273
2012-07-01 to 2012-09-30	5,858,831	USD	92
2012-01-01 to 2012-09-30	14,985,786	USD	274

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2013-09-30	49,287,684	USD
At 2012-12-31	47,197,115	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2013-01-01 to 2013-09-30	249,717	USD	273
2012-01-01 to 2012-09-30	313,309	USD	274

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	18,493,789	USD	92
2013-01-01 to 2013-09-30	57,424,570	USD	273
2012-07-01 to 2012-09-30	22,456,240	USD	92
2012-01-01 to 2012-09-30	56,442,973	USD	274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2013-09-30	282,259,547	USD
At 2012-12-31	227,989,786	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2013-09-30	21,978,839	USD
At 2012-12-31	14,979,702	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2013-09-30	12,238,648	USD
At 2012-12-31	3,891,110	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2013-09-30	48,985,839	USD
At 2012-12-31	45,284,923	USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2013-09-30	23,651,074	USD
At 2012-12-31	17,844,405	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	21,098,349	USD	92
2013-01-01 to 2013-09-30	65,923,582	USD	273
2012-07-01 to 2012-09-30	25,256,402	USD	92
2012-01-01 to 2012-09-30	64,602,428	USD	274

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	243,672	USD	92
2013-01-01 to 2013-09-30	702,640	USD	273
2012-07-01 to 2012-09-30	619,039	USD	92
2012-01-01 to 2012-09-30	1,355,119	USD	274

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2013-09-30	29,831,336	shares
At 2012-12-31	29,820,836	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2013-09-30	79,568,117	USD
At 2012-12-31	79,257,921	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2013-09-30	23,789,029	USD
At 2012-12-31	17,067,897	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2013-09-30	62,150,629	USD
At 2012-12-31	56,920,926	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2013-09-30	12,862,945	USD
At 2012-12-31	9,723,811	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2013-09-30	44,534	USD
At 2012-12-31	3,332	USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	15,533,399	USD	92
2013-01-01 to 2013-09-30	49,647,024	USD	273
2012-07-01 to 2012-09-30	16,542,867	USD	92
2012-01-01 to 2012-09-30	40,462,894	USD	274

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	1,807,615	USD	92
2013-01-01 to 2013-09-30	6,219,526	USD	273
2012-07-01 to 2012-09-30	2,059,027	USD	92
2012-01-01 to 2012-09-30	5,991,326	USD	274

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	995,352	USD	92
2013-01-01 to 2013-09-30	2,890,072	USD	273
2012-07-01 to 2012-09-30	935,252	USD	92
2012-01-01 to 2012-09-30	2,071,355	USD	274

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	1,938	USD	92
2013-01-01 to 2013-09-30	2,897	USD	273
2012-07-01 to 2012-09-30	1,938	USD	92
2012-01-01 to 2012-09-30	170	USD	274

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	147	USD	92
2013-01-01 to 2013-09-30	35,011	USD	273
2012-07-01 to 2012-09-30	-538	USD	92
2012-01-01 to 2012-09-30	94,241	USD	274

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	134,763	USD	92
2013-01-01 to 2013-09-30	463,152	USD	273
2012-07-01 to 2012-09-30	629,229	USD	92
2012-01-01 to 2012-09-30	691,129	USD	274

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2013-07-01 to 2013-09-30	4,802,892	USD	92
2013-01-01 to 2013-09-30	15,045,973	USD	273
2012-07-01 to 2012-09-30	5,863,804	USD	92
2012-01-01 to 2012-09-30	14,997,311	USD	274

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2013-01-01 to 2013-09-30	-3,085	USD	273
2012-01-01 to 2012-09-30	175,444	USD	274

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2013-01-01 to 2013-09-30	2,659,054	USD	273
2012-01-01 to 2012-09-30	11,538,283	USD	274

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2013-01-01 to 2013-09-30	5,349,111	USD	273
2012-01-01 to 2012-09-30	6,784,994	USD	274

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2013-01-01 to 2013-09-30	8,171,198	USD	273
2012-01-01 to 2012-09-30	1,162,203	USD	274

Inspect the source

Entity: LIHUA INTERNATIONAL INC. / CIK 0001399521
Captured: 2026-09-22 19:45 UTC
SEC response SHA-256: 94c2b406ce96d0d4a6cd347f354899eda91e133fbea7a23bc16fefd7989f6179

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