$BBCP
Concrete Pumping Holdings, Inc.

2018 Q3 Form 10-Q Financial Statement

#000114420418054545 Filed on October 19, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q4 2017 Q3
Revenue $66.65M $0.00 $0.00
YoY Change
Cost Of Revenue $36.47M
YoY Change
Gross Profit $30.18M
YoY Change
Gross Profit Margin 45.29%
Selling, General & Admin $3.440M $740.0K $50.00K
YoY Change 6780.0%
% of Gross Profit 11.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.500M
YoY Change
% of Gross Profit 14.91%
Operating Expenses $3.440M $740.0K $195.1K
YoY Change 1663.28%
Operating Profit $11.99M -$240.1K
YoY Change -5093.52%
Interest Expense $5.477M $500.0K $440.0K
YoY Change 1144.77%
% of Operating Profit 45.68%
Other Income/Expense, Net $14.00K
YoY Change
Pretax Income $6.526M -$240.0K $195.7K
YoY Change 3235.31%
Income Tax $1.701M $220.0K $51.23K
% Of Pretax Income 26.06% 26.18%
Net Earnings $4.825M -$460.0K $144.4K
YoY Change 3240.53%
Net Earnings / Revenue 7.24%
Basic Earnings Per Share $0.38 $0.02
Diluted Earnings Per Share $0.34 -$64.07K $0.01
COMMON SHARES
Basic Shares Outstanding 7.576M 6.515M shares
Diluted Shares Outstanding 8.511M 21.00M shares

Balance Sheet

Concept 2018 Q3 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.0K $800.0K $1.000M
YoY Change -70.0%
Cash & Equivalents $321.7K $828.6K $986.5K
Short-Term Investments
Other Short-Term Assets $200.0K $300.0K $200.0K
YoY Change 0.0%
Inventory
Prepaid Expenses $174.2K $272.2K $234.5K
Receivables
Other Receivables
Total Short-Term Assets $495.9K $1.101M $1.200M
YoY Change -58.68%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $73.51M
YoY Change
Intangibles
YoY Change
Long-Term Investments $237.6M $235.2M
YoY Change
Other Assets $235.0M
YoY Change
Total Long-Term Assets $237.6M $235.2M $235.1M
YoY Change 1.09%
TOTAL ASSETS
Total Short-Term Assets $495.9K $1.101M $1.200M
Total Long-Term Assets $237.6M $235.2M $235.1M
Total Assets $238.1M $236.3M $236.3M
YoY Change 0.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.65K $205.2K $104.7K
YoY Change -11.47%
Accrued Expenses $3.994M $425.2K $66.75K
YoY Change 5884.06%
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 $4.571M $722.9K $222.6K
YoY Change 1953.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.100M $8.100M $8.100M
YoY Change 0.0%
Total Long-Term Liabilities $8.100M $8.100M $8.100M
YoY Change 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.571M $722.9K $222.6K
Total Long-Term Liabilities $8.100M $8.100M $8.100M
Total Liabilities $12.62M $8.773M $8.273M
YoY Change 52.57%
SHAREHOLDERS EQUITY
Retained Earnings -$2.341M -$317.7K $143.6K
YoY Change -1730.94%
Common Stock $7.341M $5.317M $4.856M
YoY Change 51.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.000M $19.15M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $238.1M $236.3M $236.3M
YoY Change 0.79%

Cashflow Statement

Concept 2018 Q3 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $4.825M -$460.0K $144.4K
YoY Change 3240.53%
Depreciation, Depletion And Amortization $4.500M
YoY Change
Cash From Operating Activities -$1.030M -$480.0K -$320.0K
YoY Change 221.88%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $240.0K $340.0K -$234.6M
YoY Change -100.1%
Cash From Investing Activities $240.0K $340.0K -$234.6M
YoY Change -100.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 290.0K -20.00K 235.9M
YoY Change -99.88%
NET CHANGE
Cash From Operating Activities -1.030M -480.0K -320.0K
Cash From Investing Activities 240.0K 340.0K -234.6M
Cash From Financing Activities 290.0K -20.00K 235.9M
Net Change In Cash -500.0K -160.0K 970.0K
YoY Change -151.55%
FREE CASH FLOW
Cash From Operating Activities -$1.030M -$480.0K -$320.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Shares Subject To Mandatory Redemption Settlement Terms Description
SharesSubjectToMandatoryRedemptionSettlementTermsDescription
Under the Merger Agreement and related agreements (including certain of the Rollover Agreements), Redemptions, if any, will be offset in the following manner: (i) the first $106.5 million of Redemptions will be offset using proceeds from the Debt Financing and the PIPE Financing; (ii) the next $25.0 million of Redemptions will be offset by the sale to the Argand Investor of Industrea common stock at $10.20 per share under the Argand Subscription Agreement; and (iii) any remaining Redemptions will be offset by the contribution by Peninsula of additional shares of CPH&#8217;s capital stock to Newco in exchange for additional shares of Newco common stock, with the Sponsor forfeiting to Industrea for cancellation a number of shares of Founder Shares equal to 10% of the number of shares issued to Peninsula under this clause (iii) (such that the net dilutive effect of such sale is equivalent to a sale price of $10.20).
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1498433 USD
dei Entity Registrant Name
EntityRegistrantName
Industrea Acquisition Corp.
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
224403 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
224780490 USD
induu Additional Remaining Redemption Offset Description
AdditionalRemainingRedemptionOffsetDescription
(i) 1,523,965 plus (ii) 25% of the total number of shares of Class A common stock purchased by the Argand Investor pursuant to its obligation to offset up to $25.0 million of Redemptions under the Argand Subscription Agreement.
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-319019 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
680231 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
435755 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-97999 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
234456 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-112601 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
89651 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3569240 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
0 USD
induu Increase Decrease In Accrued Liabilities Related Parties
IncreaseDecreaseInAccruedLiabilitiesRelatedParties
0 USD
induu Increase Decrease In Accrued Liabilities Related Parties
IncreaseDecreaseInAccruedLiabilitiesRelatedParties
66751 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
18837 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
51226 USD
induu Increase Decrease In Excise And Sales Taxes
IncreaseDecreaseInExciseAndSalesTaxes
61562 USD
induu Increase Decrease In Excise And Sales Taxes
IncreaseDecreaseInExciseAndSalesTaxes
0 USD
induu Proceeds From Interest Received On Investment
ProceedsFromInterestReceivedOnInvestment
680231 USD
induu Proceeds From Interest Received On Investment
ProceedsFromInterestReceivedOnInvestment
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
234600000 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
311360 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
224403 USD
dei Entity Central Index Key
EntityCentralIndexKey
0001703956
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Trading Symbol
TradingSymbol
INDUU
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Small Business
EntitySmallBusiness
false

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