$BSM
Black Stone Minerals, L.P.

2015 Q2 Form 10-Q Financial Statement

#000156459015007239 Filed on August 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $64.80M $118.9M
YoY Change -45.51%
Cost Of Revenue $15.50M $15.60M
YoY Change -0.64%
Gross Profit $49.30M $103.3M
YoY Change -52.27%
Gross Profit Margin 76.08% 86.85%
Selling, General & Admin $19.70M $14.50M
YoY Change 35.86%
% of Gross Profit 39.96% 14.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.24M $23.90M
YoY Change 34.87% -53.23%
% of Gross Profit 65.39% 23.14%
Operating Expenses $186.0M $38.50M
YoY Change 383.19%
Operating Profit -$121.2M $64.80M
YoY Change -287.07%
Interest Expense $1.715M -$3.400M
YoY Change -150.44%
% of Operating Profit -5.25%
Other Income/Expense, Net -$1.542M $700.0K
YoY Change -320.29%
Pretax Income -$122.8M $62.10M
YoY Change -297.75%
Income Tax
% Of Pretax Income
Net Earnings -$122.8M $62.11M
YoY Change -297.66%
Net Earnings / Revenue -189.44% 52.22%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.274M $326.3K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.000M $12.80M
YoY Change -53.13%
Cash & Equivalents $6.048M $12.79M
Short-Term Investments
Other Short-Term Assets $10.20M $10.80M
YoY Change -5.56%
Inventory
Prepaid Expenses
Receivables $54.20M $105.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $70.40M $129.3M
YoY Change -45.55%
LONG-TERM ASSETS
Property, Plant & Equipment $1.046B $1.334B
YoY Change -21.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.100M $3.000M
YoY Change -30.0%
Total Long-Term Assets $1.048B $1.337B
YoY Change -21.63%
TOTAL ASSETS
Total Short-Term Assets $70.40M $129.3M
Total Long-Term Assets $1.048B $1.337B
Total Assets $1.119B $1.467B
YoY Change -23.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.30M $36.30M
YoY Change -2.75%
Accrued Expenses $15.20M $12.00M
YoY Change 26.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $65.50M $107.7M
YoY Change -39.18%
LONG-TERM LIABILITIES
Long-Term Debt $6.000M $453.0M
YoY Change -98.68%
Other Long-Term Liabilities $22.40M $14.00M
YoY Change 60.0%
Total Long-Term Liabilities $28.40M $467.0M
YoY Change -93.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.50M $107.7M
Total Long-Term Liabilities $28.40M $467.0M
Total Liabilities $93.90M $574.7M
YoY Change -83.66%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.025B $892.0M
YoY Change
Total Liabilities & Shareholders Equity $1.119B $1.467B
YoY Change -23.74%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$122.8M $62.11M
YoY Change -297.66%
Depreciation, Depletion And Amortization $32.24M $23.90M
YoY Change 34.87% -53.23%
Cash From Operating Activities $69.70M $91.70M
YoY Change -23.99% -35.83%
INVESTING ACTIVITIES
Capital Expenditures -$28.80M -$16.40M
YoY Change 75.61% -86.76%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$5.400M
YoY Change -100.0% -5500.0%
Cash From Investing Activities -$28.80M -$21.90M
YoY Change 31.51% -82.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -43.20M -75.00M
YoY Change -42.4% 68.92%
NET CHANGE
Cash From Operating Activities 69.70M 91.70M
Cash From Investing Activities -28.80M -21.90M
Cash From Financing Activities -43.20M -75.00M
Net Change In Cash -2.300M -5.200M
YoY Change -55.77% -79.53%
FREE CASH FLOW
Cash From Operating Activities $69.70M $91.70M
Capital Expenditures -$28.80M -$16.40M
Free Cash Flow $98.50M $108.1M
YoY Change -8.88% -59.48%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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OperatingIncomeLoss
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CY2015Q2 us-gaap Derivative Liabilities Current
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CY2014Q2 bsm Lease Operating And Other Expenses
LeaseOperatingAndOtherExpenses
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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us-gaap Natural Gas Production Revenue
NaturalGasProductionRevenue
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CY2015Q2 bsm Lease Operating And Other Expenses
LeaseOperatingAndOtherExpenses
5641000
CY2014Q4 us-gaap Long Term Line Of Credit
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CY2014Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
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CY2015Q2 us-gaap Partners Capital Attributable To Noncontrolling Interest
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CY2015Q2 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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CY2014Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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us-gaap Gain Loss On Derivative Instruments Net Pretax
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us-gaap Gain Loss On Derivative Instruments Net Pretax
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bsm Lease Bonus And Other Income
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bsm Lease Bonus And Other Income
LeaseBonusAndOtherIncome
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bsm Lease Operating And Other Expenses
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bsm Lease Operating And Other Expenses
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us-gaap Production Tax Expense
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us-gaap Production Tax Expense
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21408000
CY2015Q2 us-gaap Depreciation Depletion And Amortization
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CY2015Q2 us-gaap Impairment Of Oil And Gas Properties
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us-gaap Increase Decrease In Accounts Receivable
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bsm Payments For Proceeds From Derivative Instruments
PaymentsForProceedsFromDerivativeInstruments
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us-gaap Partners Capital Account Distributions
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bsm Dividends On Predecessor Preferred Units
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Partners Capital Account Unit Based Compensation
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us-gaap Net Income Loss
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Increase Decrease In Asset Retirement Obligations
IncreaseDecreaseInAssetRetirementObligations
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us-gaap Increase Decrease In Asset Retirement Obligations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Payments To Explore And Develop Oil And Gas Properties
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us-gaap Payments To Explore And Develop Oil And Gas Properties
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us-gaap Payments To Acquire Furniture And Fixtures
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us-gaap Payments To Acquire Furniture And Fixtures
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us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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