Brightpoint's Core Values include: integrity, accomplishment, quality, respect, learning, and community involvement. Please see our values page at www.brightpoint.com.
What is Brightpoint's dividend policy?
Brightpoint does not currently have a dividend policy.
Where can I find historical CELL stock prices?
You may visit our Historical Price Lookup page to view our historical stock prices.
Can I receive shareholder communications electronically?
Yes, simply provide your e-mail address on our E-Mail Alerts page and we will send updates to you.
What elements of corporate governance do the Board of Directors follow?
Corporate Governance Principles,
Corporate Governance and Nominating Committee Charter,
Audit Committee Charter,
Compensation and Human Resources Committee Charter,
Director Committee Composition,
Code of Business Conduct.
Who are the financial analysts that follow Brightpoint?
Ittai Kidron - CIBC World Markets
Matthew Hoffman - Cowen & Co.
Brian Modoff - Deutsche Bank Securities
William Choi - Jefferies
Timothy P. Long - Banc of America Securities LLC
T. Michael Walkley – Piper Jaffray & Co.
Ben Bolin - Cleveland Research Company
Jim Suva - Citi Investment Research
What business areas does Brightpoint operate in?
Brightpoint offers Creative Wireless Distribution, and Customized Services such as Logistics, Channel Development, and Enterprise Solutions.
Does Brightpoint have a quarterly newsletter?
Yes, we have a quarterly e-mail newsletter, The Wireless Point Newsletter, which is found under the What's New and Presentations sections on our website.
How many employees does Brightpoint currently have?
Brightpoint has approximately 3,000 employees.
What is Brightpoint's Contract Financing Receivable?
Brightpoint provides inventory and receivables management and/or financing to certain of its customers which are typically Wireless Network Operators or Mobile Virtual Network Operators (MVNOs). These services result in CFR, Funded and Unfunded, which are reflected as assets and liabilities, respectively on our Balance Sheet. Contract financing services are generally provided together with an assortment of Brightpoint's other customized logistic services such as: distribution, channel development, fulfillment, product management and customization and eBusiness solutions. A contract financing service is very similar to a distribution arrangement, except that in a contract financing services arrangement, Brightpoint typically has very limited or no inventory risk and usually has little to no discretion in setting the sales prices for the products handled. Due to the nature of the contract financing services arrangement (limited inventory risk and reduced discretion in setting pricing) accounting principles generally accepted in the United States require that these contract financing services transactions be recorded on a net basis within the Income Statement. We believe we earn a reasonable return commensurate with the risks taken in a contract financing services transaction. In addition, we believe that providing contract financing services differentiates Brightpoint from many of its competitors and helps enhance relationships with its customers.
Why would a Wireless Network Operator or Mobile Virtual Network Operator (MVNO) outsource these contract financing services to Brightpoint?
We have found that our Wireless Network Operator and MVNO customers receive operational and financial benefits from entering into contract financing arrangements with Brightpoint. We believe that our customers achieve efficiencies as well as other benefits from these arrangements and are more effective in accomplishing their mission critical objectives by allowing Brightpoint to provide services such as inventory and receivables management and/or financing. Brightpoint employs experienced and dedicated personnel and has developed industry leading systems and processes which enable us to effectively and efficiently manage these critical functions on behalf of our Wireless Network Operator and/or MVNO customers.
What is the impact of providing these contract financing services on Brightpoint's financial statements?
Brightpoint typically negotiates one aggregate fee per unit specific to customer needs and the type of services provided (including contract financing services), which includes an estimated cost of capital related to the anticipated working capital that will be invested when product and/or receivable financing is involved. Brightpoint records the revenue generated from these logistic services (including the contract financing services) at the amount of the net product margin earned or fee per unit billed rather than as the gross amount of the transactions. The logistic services fee or net product margin amounts are reported within our Integrated Logistic Services business line. The cash inflows and outflows associated with any inventory and/or receivables financing (part of the contract financing services offering) are reported as investing activities with the Statement of Cash Flows.
What are the cash flow impacts of contract financing services?
The logistic services fee or net margin is recorded as logistic services revenue, which is reported within cash flow from operations.
The cash inflows and outflows resulting from the inventory and receivables financing services mimic the typical cash flow cycle from our distribution business. However, under a typical contract financing services agreement, accounting principles generally accepted in the United States require the inflow of cash from the recovery of the receivables associated with the shipment of product as well as the outflow of cash from the payable associated with paying for the inventory both be classified as investing activities rather than operating activities. Investing inflows or outflows in the cash flow statement are only the result of fluctuations in cash as a result of the timing difference associated with the collection of contract financing receivables or payments of payables associated with these contract financing arrangements. At the completion of the payment cycle, these cash flows net to zero within the investing section of Brightpoint's cash flow statement.
How would a typical example of a contract financing arrangement be reflected in the financial statements?
The following example is for illustrative purposes only and Brightpoint contract financing services may vary from this example.
Brightpoint enters into a contract under which Brightpoint will provide logistic services for ABC Company (ABC). Under the terms of the contract, Brightpoint will manage both the inventory and receivable for ABC Company. On behalf of ABC, we purchase a handset for $1.00 under a contract financing arrangement and then sell that handset to an ABC dealer for $1.00. At the time of purchase of the handset, Brightpoint records an asset and an associated liability in the amount of $1.00. The asset is classified as "contract financing receivable" and the liability as "unfunded portion of contract financing receivable", respectively within Brightpoint's Balance Sheet. We distribute the inventory on behalf of ABC to an ABC dealer. Brightpoint earns $0.05 of fee revenue from ABC for performing this CFR service. We do not record revenue of $1.00, but earn $0.05 in fee revenue from ABC for handling the contract financing transaction. At the same time, Brightpoint records $1.00 of the receivable from the sale as "contract financing receivable" and $0.05 as trade receivables. As part of the contract financing service provided to ABC, Brightpoint performs receivable collection services on behalf of ABC from ABC's dealer. Due to timing, Brightpoint may pay ABC for the inventory before collecting from ABC's dealer and would have an investing outflow of $1.00 followed by an investing inflow of $1.00 and an operating inflow of $0.05 in its Statement of Cash Flows.
What is Brightpoint's stock ticker symbol and where is it traded?
Brightpoint's ticker symbol is CELL and is traded on the NASDAQ Stock Exchange.
What is Brightpoint's CUSIP?
Brightpoint's CUSIP number is 109473405.
Who is the company's transfer agent?
American Stock Transfer New York, NY, USA
What accounting firm audits your financial statements?
Ernst & Young LLP
Indianapolis, IN, USA
How can I get copies of the coverage reports by the analysts?
You should contact the analysts and/or the covering firms directly.
When was the company incorporated?
Brightpoint was incorporated in 1989 under the name Wholesale Cellular USA, Inc. and changed its name to Brightpoint, Inc. in 1995. The company is headquartered in Plainfield, Indiana.
When did Brightpoint go public and what was its initial offering price?
On April 7, 1994, Brightpoint offered 2,300,000 shares at $6.25 per share (9,356,585 shares at $1.54 per share on a split adjusted basis) through Sands Brothers & Co., Ltd. and associates.
In which countries does Brightpoint operate?
Brightpoint operates in three main regions: the Americas, Asia Pacific, and Europe. Within these regions, Brightpoint has operations in Australia, Austria, Belgium, Colombia, Denmark, Finland, France, Germany, Hong Kong, India, Italy, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Russia, South Africa, Singapore, Slovakia, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, The United Kingdom and The United States. You can view the specific address of each location on our Contact Us page.
When do Brightpoint's fiscal quarters end?
Brightpoint's fiscal quarter end dates:
Q1 ends March 31
Q2 ends June 30
Q3 ends September 30
Q4 ends December 31
When are the company's interim and annual results announced?
Q3 2008 - November 5, 2008
Q2 2008 – August 5, 2008
Q1 2008 – May 6, 2008
Q4 2007 – February 7, 2008
When was the last annual meeting for shareholders?
The last shareholders meeting was on Tuesday, May 13, 2008.
When is the next earnings release?
Q2 2008 results were released on August 5, 2008. The date for Q3 2008 results is November 5, 2008.
Does Brightpoint have a direct stock purchase program?
Brightpoint does not currently have a direct stock purchase program.
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