2018 Q3 Form 10-Q Financial Statement
#000162828018013803 Filed on November 06, 2018
Income Statement
Concept | 2018 Q3 | 2017 Q3 |
---|---|---|
Revenue | $139.7M | $89.11M |
YoY Change | 56.79% | -10.14% |
Cost Of Revenue | $21.87M | $16.10M |
YoY Change | 35.84% | 13.38% |
Gross Profit | $117.8M | $73.00M |
YoY Change | 61.44% | -14.02% |
Gross Profit Margin | 84.35% | 81.92% |
Selling, General & Admin | $22.08M | $17.30M |
YoY Change | 27.65% | 3.59% |
% of Gross Profit | 18.74% | 23.7% |
Research & Development | $34.00K | $0.00 |
YoY Change | ||
% of Gross Profit | 0.03% | 0.0% |
Depreciation & Amortization | $29.27M | $29.20M |
YoY Change | 0.24% | 1.65% |
% of Gross Profit | 24.84% | 40.01% |
Operating Expenses | $73.54M | $62.90M |
YoY Change | 16.92% | 5.08% |
Operating Profit | $66.18M | $26.22M |
YoY Change | 152.44% | -33.32% |
Interest Expense | $5.518M | $4.172M |
YoY Change | 32.26% | 82.82% |
% of Operating Profit | 8.34% | 15.91% |
Other Income/Expense, Net | -$5.405M | -$4.182M |
YoY Change | 29.24% | 134.81% |
Pretax Income | $60.78M | $22.00M |
YoY Change | 176.25% | -41.33% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $60.78M | $22.03M |
YoY Change | 175.82% | -41.3% |
Net Earnings / Revenue | 43.5% | 24.73% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $299.2K | $112.2K |
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2018 Q3 | 2017 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $4.441M | $8.900M |
YoY Change | -50.1% | 85.42% |
Cash & Equivalents | $4.441M | $8.911M |
Short-Term Investments | ||
Other Short-Term Assets | $1.205M | $6.000M |
YoY Change | -79.92% | -60.0% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $111.5M | $68.90M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $117.1M | $83.80M |
YoY Change | 39.77% | -0.53% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.631B | $1.156B |
YoY Change | 41.03% | 10.06% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $6.497M | $6.000M |
YoY Change | 8.28% | 150.0% |
Total Long-Term Assets | $1.637B | $1.162B |
YoY Change | 40.86% | 10.38% |
TOTAL ASSETS | ||
Total Short-Term Assets | $117.1M | $83.80M |
Total Long-Term Assets | $1.637B | $1.162B |
Total Assets | $1.754B | $1.246B |
YoY Change | 40.78% | 9.57% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $14.60M | $3.659M |
YoY Change | 298.88% | -24.29% |
Accrued Expenses | $58.87M | $38.34M |
YoY Change | 53.56% | -2.69% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $114.7M | $42.30M |
YoY Change | 171.23% | -4.66% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $402.0M | $362.0M |
YoY Change | 11.05% | 21.07% |
Other Long-Term Liabilities | $120.2M | $23.40M |
YoY Change | 413.79% | 11.96% |
Total Long-Term Liabilities | $522.2M | $385.4M |
YoY Change | 35.5% | 20.48% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $114.7M | $42.30M |
Total Long-Term Liabilities | $522.2M | $385.4M |
Total Liabilities | $637.0M | $427.7M |
YoY Change | 48.93% | 17.41% |
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 | $1.117B | $817.5M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.754B | $1.246B |
YoY Change | 40.78% | 9.57% |
Cashflow Statement
Concept | 2018 Q3 | 2017 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $60.78M | $22.03M |
YoY Change | 175.82% | -41.3% |
Depreciation, Depletion And Amortization | $29.27M | $29.20M |
YoY Change | 0.24% | 1.65% |
Cash From Operating Activities | $113.4M | $72.50M |
YoY Change | 56.44% | 24.78% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$97.22M | -$29.30M |
YoY Change | 231.81% | -4.87% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $44.70M | $11.20M |
YoY Change | 299.06% | |
Cash From Investing Activities | -$52.43M | -$18.10M |
YoY Change | 189.64% | -41.42% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -63.60M | -52.90M |
YoY Change | 20.22% | 64.8% |
NET CHANGE | ||
Cash From Operating Activities | 113.4M | 72.50M |
Cash From Investing Activities | -52.43M | -18.10M |
Cash From Financing Activities | -63.60M | -52.90M |
Net Change In Cash | -2.601M | 1.500M |
YoY Change | -273.4% | -130.61% |
FREE CASH FLOW | ||
Cash From Operating Activities | $113.4M | $72.50M |
Capital Expenditures | -$97.22M | -$29.30M |
Free Cash Flow | $210.6M | $101.8M |
YoY Change | 106.91% | 14.51% |
Facts In Submission
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---|---|---|---|---|
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Payments For Redemptions Of Redeemable Preferred Units
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-143725000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
211666000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
289719000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
131422000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
0 | USD |
us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
0 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
0 | USD |
us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
0 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
21388000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
135368000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
55503000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
115646000 | USD | |
CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-4182000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-11278000 | USD | |
CY2018Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-5405000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-16242000 | USD | |
CY2017Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
1766842000 | USD |
CY2018Q3 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
1830906000 | USD |
CY2017Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
|
3247613000 | USD |
CY2018Q3 | us-gaap |
Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
|
3461109000 | USD |
CY2017Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
1480771000 | USD |
CY2018Q3 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
1630203000 | USD |
CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
62895000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
185146000 | USD | |
us-gaap |
Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
|
22530000 | USD | |
us-gaap |
Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
|
24248000 | USD | |
CY2018Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
73538000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
215857000 | USD | |
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
26216000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
149071000 | USD | |
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
66180000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
147664000 | USD | |
CY2017Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
4569000 | USD |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
12906000 | USD | |
CY2018Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
4229000 | USD |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
12767000 | USD | |
CY2017Q4 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
19171000 | USD |
CY2018Q3 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
92096000 | USD |
CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
352000 | USD | |
CY2018Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
60000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1046000 | USD | |
us-gaap |
Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
|
38369000 | USD | |
us-gaap |
Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
|
9071000 | USD | |
us-gaap |
Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
|
35806000 | USD | |
CY2017Q4 | us-gaap |
Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
|
867000 | USD |
CY2018Q3 | us-gaap |
Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
|
707000 | USD |
CY2017Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
768121000 | USD |
CY2018Q3 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
818948000 | USD |
us-gaap |
Payments For Leasing Costs
PaymentsForLeasingCosts
|
2334000 | USD | |
us-gaap |
Payments For Leasing Costs
PaymentsForLeasingCosts
|
4639000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
50000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
754000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
90000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
161000 | USD | |
us-gaap |
Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
|
118000 | USD | |
us-gaap |
Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
|
15000 | USD | |
us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
89030000 | USD | |
us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
106390000 | USD | |
us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
38346000 | USD | |
us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
119676000 | USD | |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1212000 | USD |
CY2018Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1205000 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
7478000 | USD |
CY2018Q3 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
6497000 | USD |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
208500000 | USD | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
264500000 | USD | |
us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
6754000 | USD | |
us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
8390000 | USD | |
CY2017Q3 | us-gaap |
Production Tax Expense
ProductionTaxExpense
|
11549000 | USD |
us-gaap |
Production Tax Expense
ProductionTaxExpense
|
35314000 | USD | |
CY2018Q3 | us-gaap |
Production Tax Expense
ProductionTaxExpense
|
17641000 | USD |
us-gaap |
Production Tax Expense
ProductionTaxExpense
|
46939000 | USD | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
22034000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
137793000 | USD | |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
60775000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
131422000 | USD | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1481330000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1630634000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
14433000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
14565000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
559000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
431000 | USD |
CY2017Q3 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
666000 | USD |
us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
2452000 | USD | |
CY2018Q3 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
0 | USD |
us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
25000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
162500000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
250500000 | USD | |
CY2017Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
98452000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
298830000 | USD | |
CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
158232000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
431715000 | USD | |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
89111000 | USD |
us-gaap |
Revenues
Revenues
|
334217000 | USD | |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
139718000 | USD |
us-gaap |
Revenues
Revenues
|
363521000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
18614000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
24947000 | USD |