2013 Q3 Form 10-Q Financial Statement

#000110465913061706 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $111.5M $126.0M $102.6M
YoY Change 329.99% 22.84% 58.64%
Cost Of Revenue $21.80M $17.60M $5.900M
YoY Change 230.3% 198.31% 59.46%
Gross Profit $89.70M $108.4M $96.70M
YoY Change 362.37% 12.1% 58.52%
Gross Profit Margin 80.44% 86.03% 94.27%
Selling, General & Admin $16.50M $15.30M $5.000M
YoY Change 108.86% 206.0% -52.83%
% of Gross Profit 18.39% 14.11% 5.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $74.79M $52.83M $27.88M
YoY Change 143.68% 89.48% 31.11%
% of Gross Profit 83.38% 48.74% 28.83%
Operating Expenses $122.4M $104.1M $45.20M
YoY Change 124.55% 130.25% 10.27%
Operating Profit -$10.87M $21.95M $57.39M
YoY Change -61.95% -61.76% 142.35%
Interest Expense $25.95M $16.62M $990.0K
YoY Change 2757.93% 1578.89% 638.81%
% of Operating Profit 75.73% 1.73%
Other Income/Expense, Net -$25.94M -$16.62M -$847.0K
YoY Change 3033.21% 1861.75% 551.54%
Pretax Income -$36.81M $5.331M $56.54M
YoY Change 25.24% -90.57% 140.1%
Income Tax -$13.21M $1.993M $168.9M
% Of Pretax Income 37.39% 298.76%
Net Earnings -$23.61M $3.338M -$112.4M
YoY Change 32.6% -102.97% -577.2%
Net Earnings / Revenue -21.17% 2.65% -109.55%
Basic Earnings Per Share
Diluted Earnings Per Share -$3.576M $485.3K -$17.03M
COMMON SHARES
Basic Shares Outstanding 68.52M shares 66.42M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.00M $12.30M $11.70M
YoY Change 431.91% 5.13%
Cash & Equivalents $24.95M $12.29M $11.69M
Short-Term Investments
Other Short-Term Assets $691.0K $10.72M $17.70M
YoY Change -53.93% -39.44%
Inventory $6.500M
Prepaid Expenses
Receivables $88.22M $61.65M
Other Receivables $2.844M $1.519M
Total Short-Term Assets $165.7M $127.6M $55.10M
YoY Change 356.71% 131.58%
LONG-TERM ASSETS
Property, Plant & Equipment $2.481B $2.383B $726.2M
YoY Change 207.78% 228.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $57.90M $55.41M $9.907M
YoY Change 312.18% 459.26%
Total Long-Term Assets $2.539B $2.438B $736.1M
YoY Change 209.61% 231.22%
TOTAL ASSETS
Total Short-Term Assets $165.7M $127.6M $55.10M
Total Long-Term Assets $2.539B $2.438B $736.1M
Total Assets $2.704B $2.566B $791.2M
YoY Change 215.84% 224.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.69M $22.44M $27.10M
YoY Change -12.16% -17.2%
Accrued Expenses $198.7M $151.0M $63.00M
YoY Change 208.02% 139.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $261.8M $182.3M $90.47M
YoY Change 131.23% 101.52%
LONG-TERM LIABILITIES
Long-Term Debt $1.606B $1.521B $151.7M
YoY Change 642.56% 902.74%
Other Long-Term Liabilities $1.862M $1.088M $10.00M
YoY Change 224.96% -89.12%
Total Long-Term Liabilities $1.788B $1.741B $151.7M
YoY Change 358.46% 1047.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $261.8M $182.3M $90.47M
Total Long-Term Liabilities $1.788B $1.741B $151.7M
Total Liabilities $2.050B $1.924B $242.2M
YoY Change 307.33% 694.4%
SHAREHOLDERS EQUITY
Retained Earnings -$215.3M -$191.7M -$166.9M
YoY Change 16.58% 14.88%
Common Stock $870.6M $834.4M $537.0M
YoY Change 61.9% 55.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $605.0K $605.0K
YoY Change
Treasury Stock Shares
Shareholders Equity $654.7M $642.1M $370.1M
YoY Change
Total Liabilities & Shareholders Equity $2.704B $2.566B $791.2M
YoY Change 215.84% 224.28%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$23.61M $3.338M -$112.4M
YoY Change 32.6% -102.97% -577.2%
Depreciation, Depletion And Amortization $74.79M $52.83M $27.88M
YoY Change 143.68% 89.48% 31.11%
Cash From Operating Activities $107.1M $10.60M $25.70M
YoY Change 208.65% -58.75% -36.23%
INVESTING ACTIVITIES
Capital Expenditures -$177.9M -$127.1M -$111.7M
YoY Change 76.66% 13.79% 123.85%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$621.7M
YoY Change
Cash From Investing Activities -$178.0M -$748.8M -$111.7M
YoY Change 76.76% 570.37% 123.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 83.50M 699.8M 88.60M
YoY Change 41.77% 689.84% 453.75%
NET CHANGE
Cash From Operating Activities 107.1M 10.60M 25.70M
Cash From Investing Activities -178.0M -748.8M -111.7M
Cash From Financing Activities 83.50M 699.8M 88.60M
Net Change In Cash 12.60M -38.40M 2.600M
YoY Change -277.46% -1576.92% -59.37%
FREE CASH FLOW
Cash From Operating Activities $107.1M $10.60M $25.70M
Capital Expenditures -$177.9M -$127.1M -$111.7M
Free Cash Flow $285.0M $137.7M $137.4M
YoY Change 110.49% 0.22% 52.33%

Facts In Submission

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CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5331000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
56540000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7591000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
39033000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1993000 USD
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
168917000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2980000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
168917000 USD
CY2013Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2709000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6826000 USD
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.85
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.17
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.39
us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
35157000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
682000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
168917000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5015000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-2872000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3491000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3077000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2371000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
126000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
59963000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
72840000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
184245000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-184245000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-881332000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
20067000 USD
us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
65000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
103167000 USD
us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
65000000 USD
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
2112000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
128627000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
801899000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
4345000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-6593000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
79400000 USD
us-gaap Interest Paid Net
InterestPaidNet
2763000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
104161000 USD
us-gaap Interest Paid Net
InterestPaidNet
19494000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7344000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
3709000 USD
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
605000 USD
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
213839000 USD

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