CPM Holdings, Inc.

CIK:0001512574|SEC Filings

Guarantor Subsidiary Financial Information Condensed Consolidating Statement of Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Sep. 30, 2011
Net sales	$ 99,123	$ 129,130	$ 336,522	$ 305,554
Cost of goods sold	66,500	90,055	234,898	217,205
Gross profit	32,623	39,075	101,624	88,349
Operating Expenses	17,475	19,392	52,157	49,141
Income from operations	15,148	19,683	49,467	39,208
Interest expense (income), net	4,502	5,756	14,837	16,591
Income before income taxes	10,646	13,927	34,630	22,617
Income tax expense (benefit)	3,259	4,690	13,972	7,839
Income (loss) before equity in income (loss) of subsidiaries	7,387	9,237	20,658	14,778
Equity in income (loss) of subsidiaries	0	0	0	0
Net income	7,387	9,237	20,658	14,778	23,477
Less: Net income attributable to noncontrolling interest	43	2,425	2,172	4,834
Net income attributable to Parent Company	7,344	6,812	18,486	9,944
Parent Issuer [Member]
Net sales	0	0	0	0
Cost of goods sold	0	0	0	0
Gross profit	0	0	0	0
Operating Expenses	92	77	277	232
Income from operations	(92)	(77)	(277)	(232)
Interest expense (income), net	5,000	6,071	16,427	18,286
Income before income taxes	(5,092)	(6,148)	(16,704)	(18,518)
Income tax expense (benefit)	(1,818)	(2,237)	(5,963)	(6,536)
Income (loss) before equity in income (loss) of subsidiaries	(3,274)	(3,911)	(10,741)	(11,982)
Equity in income (loss) of subsidiaries	10,618	10,723	29,227	21,926
Net income	7,344	6,812	18,486	9,944
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Parent Company	7,344	6,812	18,486	9,944
Guarantor Subsidiaries [Member]
Net sales	50,178	51,493	145,044	125,606
Cost of goods sold	35,254	36,429	103,614	90,333
Gross profit	14,924	15,064	41,430	35,273
Operating Expenses	8,546	7,174	24,075	22,457
Income from operations	6,378	7,890	17,355	12,816
Interest expense (income), net	71	94	234	(151)
Income before income taxes	6,307	7,796	17,121	12,967
Income tax expense (benefit)	1,440	2,724	6,080	4,658
Income (loss) before equity in income (loss) of subsidiaries	4,867	5,072	11,041	8,309
Equity in income (loss) of subsidiaries	5,751	5,651	18,186	13,617
Net income	10,618	10,723	29,227	21,926
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Parent Company	10,618	10,723	29,227	21,926
Non-Guarantor Subsidiaries [Member]
Net sales	67,949	84,171	221,014	199,066
Cost of goods sold	50,250	60,160	160,820	145,990
Gross profit	17,699	24,011	60,194	53,076
Operating Expenses	8,837	12,141	27,805	26,452
Income from operations	8,862	11,870	32,389	26,624
Interest expense (income), net	(569)	(409)	(1,824)	(1,544)
Income before income taxes	9,431	12,279	34,213	28,168
Income tax expense (benefit)	3,637	4,203	13,855	9,717
Income (loss) before equity in income (loss) of subsidiaries	5,794	8,076	20,358	18,451
Equity in income (loss) of subsidiaries	0	0	0	0
Net income	5,794	8,076	20,358	18,451
Less: Net income attributable to noncontrolling interest	43	2,425	2,172	4,834
Net income attributable to Parent Company	5,751	5,651	18,186	13,617
Eliminations [Member]
Net sales	(19,004)	(6,534)	(29,536)	(19,118)
Cost of goods sold	(19,004)	(6,534)	(29,536)	(19,118)
Gross profit	0	0	0	0
Operating Expenses	0	0	0	0
Income from operations	0	0	0	0
Interest expense (income), net	0	0	0	0
Income before income taxes	0	0	0	0
Income tax expense (benefit)	0	0	0	0
Income (loss) before equity in income (loss) of subsidiaries	0	0	0	0
Equity in income (loss) of subsidiaries	(16,369)	(16,374)	(47,413)	(35,543)
Net income	(16,369)	(16,374)	(47,413)	(35,543)
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Parent Company	$ (16,369)	$ (16,374)	$ (47,413)	$ (35,543)

Guarantor Subsidiary Financial Information Condensed Consolidating Statement of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Net cash provided by (used in) operating activities	$ 12,692	$ 48,540
Cash flows from investing activities
Purchases of property, plant and equipment	(2,054)	(1,917)
Proceeds on sales of property, plant and equipment	129	428
Net cash used in investing activities	(1,925)	(1,489)
Cash flows from financing activities
Payments of long-term debt	(14,262)	0
Proceeds from revolving credit facilities	82,238	0
Payments on revolving credit facilities	(82,238)	0
Payments of dividends	(5,015)	0
Advances from (to) consolidated subsidiaries	0	0
Net cash used in financing activities	(19,277)	0
Effect of foreign exchange rate changes on cash and cash equivalents	(289)	3,301
Net increase (decrease) in cash and cash equivalents	(8,799)	50,352
Cash and cash equivalents
Beginning of period	81,288	58,691
End of period	72,489	109,043
Parent Company [Member]
Net cash provided by (used in) operating activities	(8,539)	(18,519)
Cash flows from investing activities
Purchases of property, plant and equipment	0	0
Proceeds on sales of property, plant and equipment	0	0
Net cash used in investing activities	0
Cash flows from financing activities
Payments of long-term debt	14,262
Proceeds from revolving credit facilities	0
Payments on revolving credit facilities	0
Payments of dividends	0	0
Advances from (to) consolidated subsidiaries	22,801	18,519
Net cash used in financing activities	8,539
Effect of foreign exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents
Beginning of period	0	0
End of period	0	0
Guarantor Subsidiaries [Member]
Net cash provided by (used in) operating activities	40,269	42,332
Cash flows from investing activities
Purchases of property, plant and equipment	1,341	1,280
Proceeds on sales of property, plant and equipment	0	349
Net cash used in investing activities	(1,341)
Cash flows from financing activities
Payments of long-term debt	0
Proceeds from revolving credit facilities	82,238
Payments on revolving credit facilities	82,238
Payments of dividends	0	0
Advances from (to) consolidated subsidiaries	(18,256)	(22,845)
Net cash used in financing activities	(18,256)
Effect of foreign exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	20,672	18,556
Cash and cash equivalents
Beginning of period	564	2,930
End of period	21,236	21,486
Non-Guarantor Subsidiaries [Member]
Net cash provided by (used in) operating activities	(5,359)	33,824
Cash flows from investing activities
Purchases of property, plant and equipment	713	637
Proceeds on sales of property, plant and equipment	129	79
Net cash used in investing activities	(584)
Cash flows from financing activities
Payments of long-term debt	0
Proceeds from revolving credit facilities	0
Payments on revolving credit facilities	0
Payments of dividends	18,694	9,097
Advances from (to) consolidated subsidiaries	(4,545)	4,326
Net cash used in financing activities	(23,239)
Effect of foreign exchange rate changes on cash and cash equivalents	(289)	3,301
Net increase (decrease) in cash and cash equivalents	(29,471)	31,796
Cash and cash equivalents
Beginning of period	80,724	55,761
End of period	51,253	87,557
Consolidation, Eliminations [Member]
Net cash provided by (used in) operating activities	(13,679)	(9,097)
Cash flows from investing activities
Purchases of property, plant and equipment	0	0
Proceeds on sales of property, plant and equipment	0	0
Net cash used in investing activities	0
Cash flows from financing activities
Payments of long-term debt	0
Proceeds from revolving credit facilities	0
Payments on revolving credit facilities	0
Payments of dividends	(13,679)	(9,097)
Advances from (to) consolidated subsidiaries	0	0
Net cash used in financing activities	13,679
Effect of foreign exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents
Beginning of period	0	0
End of period	$ 0	$ 0

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
Current assets
Cash and cash equivalents	$ 72,489	$ 81,288
Restricted customer deposits	30,989	26,853
Accounts receivable, net	52,259	48,570
Inventories	75,285	54,026
Costs and estimated earnings in excess of billings on uncompleted contracts	22,674	24,585
Prepaid expenses and other current assets	5,533	4,004
Deferred taxes	1,592	1,523
Total current assets	260,821	240,849
Property, plant and equipment, net	16,606	17,547
Trademarks	53,917	54,178
Goodwill	137,721	140,086
Other intangibles, net	48,720	58,882
Total assets	517,785	511,542
Current liabilities
Current portion of long-term debt	0	0
Accounts payable	31,443	31,869
Accrued expenses	60,782	44,401
Billings in excess of costs and estimated earnings on uncompleted contracts	51,023	59,812
Total current liabilities	143,248	136,082
Long-term debt, less current portion	159,986	172,796
Deferred taxes	27,876	27,233
Other liabilities	2,303	2,616
Total liabilities	333,413	338,727
Commitments and contingencies
Parent Company stockholders’ equity
Common stock, $.001 par value, authorized shares 1,100,000; shares issued and outstanding 936,913	1	1
Additional paid-in capital	83,382	83,105
Retained earnings	102,942	84,456
Accumulated other comprehensive loss	(11,416)	(7,003)
Total Parent Company stockholders’ equity	174,909	160,559
Noncontrolling interest	9,463	12,256
Total equity	184,372	172,815
Total liabilities and equity	$ 517,785	$ 511,542