2015 Q3 Form 10-Q Financial Statement

#000156459015010359 Filed on November 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q4 2014 Q3
Revenue $137.0M $169.2M $132.8M
YoY Change 3.18% 37.21% 12.82%
Cost Of Revenue $13.10M $23.10M $18.70M
YoY Change -29.95% 26.23% 15.43%
Gross Profit $123.9M $146.1M $114.1M
YoY Change 8.59% 39.14% 12.41%
Gross Profit Margin 90.42% 86.36% 85.92%
Selling, General & Admin $19.00M $17.20M $15.60M
YoY Change 21.79% 25.55% -7.14%
% of Gross Profit 15.33% 11.77% 13.67%
Research & Development $1.800M
YoY Change
% of Gross Profit 1.45%
Depreciation & Amortization $23.29M $27.90M $37.07M
YoY Change -37.17% 2.57% 53.8%
% of Gross Profit 18.8% 19.1% 32.48%
Operating Expenses $82.32M $45.70M $71.52M
YoY Change 15.11% 11.46% 74.0%
Operating Profit $54.70M $100.4M $61.28M
YoY Change -10.74% 56.88% 1.46%
Interest Expense $870.0K -$3.200M $3.440M
YoY Change -74.71% -5.88% -207.5%
% of Operating Profit 1.59% -3.19% 5.61%
Other Income/Expense, Net -$807.0K $100.0K -$3.375M
YoY Change -76.09% 0.0% -3475.0%
Pretax Income $53.90M -$20.70M $57.90M
YoY Change -6.91% -166.35% 1.05%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $53.89M -$20.71M $57.91M
YoY Change -6.93% -166.39% 1.06%
Net Earnings / Revenue 39.33% -12.24% 43.6%
Basic Earnings Per Share
Diluted Earnings Per Share $560.3K -$103.0K $304.3K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2014 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.600M $14.80M $8.000M
YoY Change -30.0%
Cash & Equivalents $5.570M $14.80M $7.992M
Short-Term Investments
Other Short-Term Assets $35.70M $46.00M $11.20M
YoY Change 218.75%
Inventory
Prepaid Expenses
Receivables $52.35M $74.09M $91.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $93.66M $134.9M $110.8M
YoY Change -15.47%
LONG-TERM ASSETS
Property, Plant & Equipment $1.052B $1.189B $1.331B
YoY Change -20.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.86M $2.532M $2.900M
YoY Change 446.97%
Total Long-Term Assets $1.068B $1.192B $1.334B
YoY Change -19.94%
TOTAL ASSETS
Total Short-Term Assets $93.66M $134.9M $110.8M
Total Long-Term Assets $1.068B $1.192B $1.334B
Total Assets $1.161B $1.327B $1.444B
YoY Change -19.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.11M $5.434M $39.10M
YoY Change -28.11%
Accrued Expenses $18.23M $40.23M $14.70M
YoY Change 23.99%
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 $46.34M $98.57M $105.8M
YoY Change -56.21%
LONG-TERM LIABILITIES
Long-Term Debt $43.00M $394.0M $430.0M
YoY Change -90.0%
Other Long-Term Liabilities $21.90M $19.80M $17.20M
YoY Change 27.33%
Total Long-Term Liabilities $64.90M $413.8M $447.2M
YoY Change -85.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.34M $98.57M $105.8M
Total Long-Term Liabilities $64.90M $413.8M $447.2M
Total Liabilities $111.3M $512.4M $553.0M
YoY Change -79.88%
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 $1.050B $814.4M $891.5M
YoY Change
Total Liabilities & Shareholders Equity $1.161B $1.327B $1.445B
YoY Change -19.6%

Cashflow Statement

Concept 2015 Q3 2014 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $53.89M -$20.71M $57.91M
YoY Change -6.93% -166.39% 1.06%
Depreciation, Depletion And Amortization $23.29M $27.90M $37.07M
YoY Change -37.17% 2.57% 53.8%
Cash From Operating Activities $73.10M $117.7M $112.5M
YoY Change -35.02% 14.83% 49.2%
INVESTING ACTIVITIES
Capital Expenditures -$62.30M -$28.10M -$32.60M
YoY Change 91.1% 11.51% -30.04%
Acquisitions
YoY Change
Other Investing Activities $0.00 $19.50M $0.00
YoY Change
Cash From Investing Activities -$62.20M -$8.600M -$32.60M
YoY Change 90.8% -65.87% -29.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.40M -102.3M -84.70M
YoY Change -86.54% 59.1% 152.08%
NET CHANGE
Cash From Operating Activities 73.10M 117.7M 112.5M
Cash From Investing Activities -62.20M -8.600M -32.60M
Cash From Financing Activities -11.40M -102.3M -84.70M
Net Change In Cash -500.0K 6.800M -4.800M
YoY Change -89.58% -47.69% 2.13%
FREE CASH FLOW
Cash From Operating Activities $73.10M $117.7M $112.5M
Capital Expenditures -$62.30M -$28.10M -$32.60M
Free Cash Flow $135.4M $145.8M $145.1M
YoY Change -6.69% 14.17% 18.93%

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PublicOfferingCostsCapitalizedAndOffsetAgainstProceedsFromInitialPublicOffering
7587000
bsm Accrued Distribution Equivalent Rights
AccruedDistributionEquivalentRights
153000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
185000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
117000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
99000
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
7000000
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
2258000
bsm Noncash Or Part Noncash Acquisition Deferred Revenue Settled Assumed
NoncashOrPartNoncashAcquisitionDeferredRevenueSettledAssumed
2657000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
37656000
CY2014Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
185000
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
37471000
CY2015Q3 bsm Cost Method Investments Maximum Ownership Percentage For Accounting Purposes
CostMethodInvestmentsMaximumOwnershipPercentageForAccountingPurposes
0.20
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
122000
CY2015Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
48389000
CY2015Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
48389000
CY2014Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
185000
bsm Fair Value Assets Transfers Between The Three Levels Amount
FairValueAssetsTransfersBetweenTheThreeLevelsAmount
0
CY2014 bsm Fair Value Assets Transfers Between The Three Levels Amount
FairValueAssetsTransfersBetweenTheThreeLevelsAmount
0
bsm Fair Value Liabilities Transfers Between The Three Levels Amount
FairValueLiabilitiesTransfersBetweenTheThreeLevelsAmount
0
CY2014 bsm Fair Value Liabilities Transfers Between The Three Levels Amount
FairValueLiabilitiesTransfersBetweenTheThreeLevelsAmount
0
CY2015Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0

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