| Address:
|
6101 GATEWAY DRIVE
|
| City: |
CYPRESS |
|
State: |
CA |
|
Zip Code: |
90630-4841 |
| Telephone: |
714-820-1000 |
|
Description of Business
|
Primary SIC Code:
3651 |
| (As filed with the SEC)
|
|
|
Universal Electronics Inc. was incorporated under the laws of Delaware in 1986
and began operations in 1987. The principal executive offices are located at
6101 Gateway Drive, Cypress, California 90630. As used herein, the terms "we",
"us" and "our" refer to Universal Electronics Inc. and its subsidiaries unless
the context indicates to the contrary.
Additional information regarding UEI may be obtained at www.uei.com.
Acquisition of Enson Assets Limited
On November 3, 2010, our subsidiary, UEI Hong Kong Private Limited, entered into
a stock purchase agreement with CG International Holdings Limited to acquire all
of the issued shares in the capital of Enson Assets Limited ("Enson") for total
consideration of approximately $125.8 million. The consideration consisted of
$95.0 million in cash and 1,460,000 of newly issued shares of UEI common stock.
Enson is a leading manufacturer of remote controls. Prior to the acquisition,
Enson was also one of our significant suppliers. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.24 | NA | 13.22 | | 06/2011 | 1.12 | NA | 22.55 | | 03/2011 | 1.06 | NA | 27.89 | | 12/2010 | 1.07 | NA | 26.51 | | 09/2010 | 1.23 | NA | 16.95 | | 06/2010 | 1.19 | NA | 13.97 | | 03/2010 | 1.12 | NA | 19.95 | | 12/2009 | 1.05 | NA | 22.11 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.19 | Total Liab/Total Assets | 0.43 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 0.72 | | Net Inc/Inv Cap | 0.07 | Total Liab/Comm Equity | 2.08 | | Pretax Inc/Net Sales | 0.07 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.05 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.11 | LTD/Equity | 0.17 | | SG&A/NetSales | 0.22 | Total Debt/Equity | 0.17 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.15 | Quick Ratio | 1.00 | | Inventory Turnover | 4.29 | Current Ratio | 1.44 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.43 | | Net Sales/Work Cap | 5.02 | Inv/Curr Assets | 0.30 | | Net Sales/PP&E | 4.25 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
123.53
|
121.75
|
105.71
|
102.51
|
|
Cost of Goods Sold
|
89.35
|
86.80
|
78.13
|
73.86
|
|
Selling & Admin Exps
|
21.85
|
23.48
|
21.79
|
21.15
|
|
Operating Income
|
9.47
|
8.31
|
2.54
|
4.73
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
9.06
|
7.86
|
2.42
|
5.13
|
|
Other Income
|
-0.35
|
-0.38
|
-0.03
|
0.50
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
7.08
|
6.12
|
1.83
|
3.77
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
32.00
|
37.90
|
45.09
|
54.25
|
|
Receivables - Total
|
95.16
|
93.93
|
83.42
|
92.56
|
|
Inventories - Total
|
84.82
|
76.50
|
64.46
|
65.40
|
|
Total Current Assets
|
214.05
|
211.18
|
195.71
|
214.79
|
|
Net Property, Plant & Equipment
|
80.24
|
78.40
|
77.92
|
78.10
|
|
Total Assets
|
371.82
|
367.81
|
353.01
|
372.53
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
116.20
|
110.54
|
95.90
|
113.69
|
|
Debt in Current Liabilities
|
18.40
|
20.60
|
27.80
|
NA
|
|
Total Current Liabilities
|
134.60
|
131.14
|
123.70
|
148.69
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
35.00
|
|
Total Liabilities
|
147.33
|
143.90
|
136.33
|
161.33
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.21
|
0.21
|
0.21
|
0.21
|
|
Retained Earnings
|
149.10
|
142.02
|
135.90
|
134.07
|
|
Treasury Stock
|
-98.71
|
-92.81
|
-89.79
|
-89.53
|
|
Total Stockholders' Equity
|
224.49
|
223.91
|
216.68
|
211.20
|
|
Total Liabilities and Stockholders' Equity
|
371.82
|
367.81
|
353.01
|
372.53
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
7.21
|
4.31
|
0.29
|
27.02
|
|
Net Cash Provided by Investing Activities
|
-4.89
|
-3.31
|
-2.76
|
-28.91
|
|
Net Cash Provided by Financing Activities
|
-7.97
|
-9.03
|
-7.31
|
32.72
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 235.85 | 13.52 | 0.94 | | 12/2007 | 272.68 | 20.23 | 1.33 | | 12/2008 | 287.10 | 15.81 | 1.09 | | 12/2009 | 317.55 | 14.68 | 1.05 | | 12/2010 | 331.78 | 15.08 | 1.07 | | Growth Rates | 8.91 | 2.77 | 3.29 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 94 | 13,143 | 89.02 |
|
Report Date :
2/6/2012
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