2019 Q1 Form 10-Q Financial Statement
#000162828019006028 Filed on May 07, 2019
Income Statement
Concept | 2019 Q1 | 2018 Q1 | 2017 Q4 |
---|---|---|---|
Revenue | $83.81M | $114.5M | $95.44M |
YoY Change | -26.8% | -8.1% | 68.29% |
Cost Of Revenue | $19.88M | $19.20M | $16.50M |
YoY Change | 3.56% | 19.25% | -1.2% |
Gross Profit | $63.92M | $95.30M | $78.90M |
YoY Change | -32.93% | -12.17% | 97.25% |
Gross Profit Margin | 76.27% | 83.24% | 82.67% |
Selling, General & Admin | $21.21M | $18.50M | $25.60M |
YoY Change | 14.67% | 7.56% | 22.49% |
% of Gross Profit | 33.19% | 19.41% | 32.45% |
Research & Development | $4.000K | $0.00 | $0.00 |
YoY Change | -100.0% | ||
% of Gross Profit | 0.01% | 0.0% | 0.0% |
Depreciation & Amortization | $27.83M | $28.57M | $30.00M |
YoY Change | -2.58% | 8.31% | 31.58% |
% of Gross Profit | 43.54% | 29.98% | 38.02% |
Operating Expenses | $69.21M | $66.53M | $55.90M |
YoY Change | 4.03% | 11.7% | 27.05% |
Operating Profit | $14.59M | $47.96M | $23.01M |
YoY Change | -69.57% | -26.23% | -678.36% |
Interest Expense | $5.525M | $4.521M | -$4.000M |
YoY Change | 22.21% | 28.91% | 42.86% |
% of Operating Profit | 37.86% | 9.43% | -17.38% |
Other Income/Expense, Net | -$5.577M | -$6.003M | $400.0K |
YoY Change | -7.1% | 74.91% | -180.0% |
Pretax Income | $9.017M | $42.00M | $19.40M |
YoY Change | -78.53% | -31.82% | -365.75% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $9.017M | $41.96M | $19.36M |
YoY Change | -78.51% | -31.87% | -365.74% |
Net Earnings / Revenue | 10.76% | 36.65% | 20.29% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $43.69K | $210.3K | $101.5K |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2019 Q1 | 2018 Q1 | 2017 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $4.247M | $6.300M | $5.600M |
YoY Change | -32.59% | -55.0% | -42.86% |
Cash & Equivalents | $4.247M | $6.297M | $5.642M |
Short-Term Investments | |||
Other Short-Term Assets | $5.555M | $1.500M | $1.300M |
YoY Change | 270.33% | 36.36% | 30.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $103.3M | $92.86M | $80.70M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $113.1M | $100.6M | $87.64M |
YoY Change | 12.43% | 11.68% | 10.96% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.586B | $1.527B | $1.481B |
YoY Change | 3.86% | 39.11% | 41.8% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $12.37M | $8.000M | $7.500M |
YoY Change | 54.65% | -31.62% | 44.23% |
Total Long-Term Assets | $1.599B | $1.535B | $1.489B |
YoY Change | 4.13% | 38.37% | 41.81% |
TOTAL ASSETS | |||
Total Short-Term Assets | $113.1M | $100.6M | $87.64M |
Total Long-Term Assets | $1.599B | $1.535B | $1.489B |
Total Assets | $1.712B | $1.636B | $1.576B |
YoY Change | 4.64% | 36.36% | 39.65% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $6.639M | $2.282M | $2.464M |
YoY Change | 190.93% | -42.21% | -40.51% |
Accrued Expenses | $38.98M | $35.29M | $52.63M |
YoY Change | 10.44% | -8.82% | 3.3% |
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 | $48.51M | $55.21M | $59.73M |
YoY Change | -12.14% | 16.01% | -16.26% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $435.0M | $436.0M | $388.0M |
YoY Change | -0.23% | 12.37% | 22.78% |
Other Long-Term Liabilities | $94.49M | $58.30M | $38.20M |
YoY Change | 62.07% | 262.11% | 141.77% |
Total Long-Term Liabilities | $529.5M | $494.3M | $426.2M |
YoY Change | 7.12% | 22.32% | 28.45% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $48.51M | $55.21M | $59.73M |
Total Long-Term Liabilities | $529.5M | $494.3M | $426.2M |
Total Liabilities | $578.0M | $549.5M | $485.9M |
YoY Change | 5.19% | 21.64% | 20.52% |
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 | $1.134B | $1.086B | $1.090B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.712B | $1.636B | $1.576B |
YoY Change | 4.64% | 36.36% | 39.65% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q1 | 2017 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $9.017M | $41.96M | $19.36M |
YoY Change | -78.51% | -31.87% | -365.74% |
Depreciation, Depletion And Amortization | $27.83M | $28.57M | $30.00M |
YoY Change | -2.58% | 8.31% | 31.58% |
Cash From Operating Activities | $90.17M | $76.47M | $70.20M |
YoY Change | 17.91% | 19.58% | 27.4% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$53.85M | -$78.90M | -$354.7M |
YoY Change | -31.75% | 19.36% | 1892.7% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $29.47M | $18.80M | $17.00M |
YoY Change | 56.76% | 840.0% | |
Cash From Investing Activities | -$24.38M | -$60.17M | -$337.7M |
YoY Change | -59.48% | -6.12% | 1807.91% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$66.96M | -$15.65M | 264.3M |
YoY Change | 327.79% | -458.6% | -915.74% |
NET CHANGE | |||
Cash From Operating Activities | $90.17M | $76.47M | 70.20M |
Cash From Investing Activities | -$24.38M | -$60.17M | -337.7M |
Cash From Financing Activities | -$66.96M | -$15.65M | 264.3M |
Net Change In Cash | -$1.167M | $655.0K | -3.200M |
YoY Change | -278.17% | -84.53% | -164.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $90.17M | $76.47M | $70.20M |
Capital Expenditures | -$53.85M | -$78.90M | -$354.7M |
Free Cash Flow | $144.0M | $155.4M | $424.9M |
YoY Change | -7.31% | 19.47% | 482.85% |
Facts In Submission
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|
-60166000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-24379000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
76474000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
90174000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
41957000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
9017000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
0 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
0 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
36655000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3767000 | USD |
CY2018Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-6003000 | USD |
CY2019Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-5577000 | USD |
CY2018Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
1865692000 | USD |
CY2019Q1 | us-gaap |
Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
|
1893461000 | USD |
CY2018Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
|
3441188000 | USD |
CY2019Q1 | us-gaap |
Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
|
3477494000 | USD |
CY2018Q4 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
1575496000 | USD |
CY2019Q1 | us-gaap |
Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
|
1584033000 | USD |
CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
66534000 | USD |
CY2019Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
69212000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
47960000 | USD |
CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14594000 | USD |
CY2018Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
4248000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
5292000 | USD |
CY2018Q4 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
55973000 | USD |
CY2019Q1 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
78292000 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1515000 | USD |
CY2019Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-98000 | USD |
CY2019Q1 | us-gaap |
Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
|
943000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
|
24248000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
|
138000 | USD |
CY2019Q1 | us-gaap |
Partners Capital Account Public Sale Of Units
PartnersCapitalAccountPublicSaleOfUnits
|
-43000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
|
8441000 | USD |
CY2019Q1 | us-gaap |
Partners Capital Account Treasury Units Purchases
PartnersCapitalAccountTreasuryUnitsPurchases
|
10110000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
|
18294000 | USD |
CY2019Q1 | us-gaap |
Partners Capital Account Unit Based Compensation
PartnersCapitalAccountUnitBasedCompensation
|
13669000 | USD |
CY2017Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
768121000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
785836000 | USD |
CY2018Q4 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
904263000 | USD |
CY2019Q1 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
835528000 | USD |
CY2018Q1 | us-gaap |
Payments For Leasing Costs
PaymentsForLeasingCosts
|
524000 | USD |
CY2019Q1 | us-gaap |
Payments For Leasing Costs
PaymentsForLeasingCosts
|
234000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
52000 | USD |
CY2019Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
0 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
|
5000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
|
2036000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
32154000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
19946000 | USD |
CY2018Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
46250000 | USD |
CY2019Q1 | us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
31633000 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1001000 | USD |
CY2019Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1543000 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
16710000 | USD |
CY2019Q1 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
12372000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
105000000 | USD |
CY2019Q1 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
0 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
385000 | USD |
CY2019Q1 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
2353000 | USD |
CY2018Q1 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
25000 | USD |
CY2019Q1 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
0 | USD |
CY2018Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
130827000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
98000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-57000000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-73000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
752000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
2000 | USD |
CY2018Q1 | us-gaap |
Production Tax Expense
ProductionTaxExpense
|
14925000 | USD |
CY2019Q1 | us-gaap |
Production Tax Expense
ProductionTaxExpense
|
14592000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
41957000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
9017000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1575881000 | USD |
CY2019Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1586386000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
14433000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
124989000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
114494000 | USD |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
83806000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6226000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9223000 | USD |
CY2018Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
75000000 | USD |
CY2018Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
100000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
600000 | shares |