$CKX
CKX LANDS, INC.

2020 Q1 Form 10-K Financial Statement

#000143774920005195 Filed on March 16, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 2018 Q4
Revenue $180.4K $811.3K $196.3K
YoY Change 17.54% -32.1% -43.9%
Cost Of Revenue $14.19K $79.87K $8.320K
YoY Change -27.23% -39.73% -83.36%
Gross Profit $166.2K $731.4K $188.0K
YoY Change 24.05% -31.15% -37.33%
Gross Profit Margin 92.13% 90.15% 95.76%
Selling, General & Admin $143.1K $618.9K $170.9K
YoY Change 19.23% 7.91% 31.43%
% of Gross Profit 86.11% 84.62% 90.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $234.00 $2.361K -$11.52K
YoY Change -62.01% -39.23% -157.6%
% of Gross Profit 0.14% 0.32% -6.13%
Operating Expenses $143.4K $620.7K $171.4K
YoY Change 18.92% 7.84% 42.81%
Operating Profit $55.96K $191.6K $16.65K
YoY Change -37.38% -86.0% -90.75%
Interest Expense $17.88K $109.6K $45.33K
YoY Change -32.58% 12.39% 353.3%
% of Operating Profit 31.95% 57.19% 272.25%
Other Income/Expense, Net
YoY Change
Pretax Income $73.83K $301.2K $61.98K
YoY Change -36.29% -79.45% -67.38%
Income Tax $15.45K $51.26K $21.38K
% Of Pretax Income 20.92% 17.02% 34.49%
Net Earnings $58.38K $249.9K $40.60K
YoY Change -44.78% -77.59% -80.67%
Net Earnings / Revenue 32.36% 30.81% 20.68%
Basic Earnings Per Share $0.03 $0.13
Diluted Earnings Per Share $0.00 $0.00 $20.90K
COMMON SHARES
Basic Shares Outstanding 1.942M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.530M $6.478M $5.476M
YoY Change 15.31% 18.31% 27.93%
Cash & Equivalents $2.867M $1.861M
Short-Term Investments $3.663M $3.198M $3.615M
Other Short-Term Assets $148.7K $39.73K $36.99K
YoY Change -40.15% 7.41% -53.76%
Inventory
Prepaid Expenses
Receivables $77.69K $102.8K $118.5K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.756M $6.620M $5.631M
YoY Change 13.17% 17.57% 25.73%
LONG-TERM ASSETS
Property, Plant & Equipment $9.242M $9.242M $9.246M
YoY Change 0.07% -0.04% -0.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $725.0K
YoY Change -100.0% -23.68%
Other Assets
YoY Change
Total Long-Term Assets $9.242M $9.242M $9.971M
YoY Change -4.87% -7.31% -2.67%
TOTAL ASSETS
Total Short-Term Assets $6.756M $6.620M $5.631M
Total Long-Term Assets $9.242M $9.242M $9.971M
Total Assets $16.00M $15.86M $15.60M
YoY Change 1.99% 1.67% 5.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.3K $62.25K $205.2K
YoY Change -33.93% -69.66% -2.3%
Accrued Expenses
YoY Change
Deferred Revenue $167.3K $113.2K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $304.4K $227.4K $216.8K
YoY Change 56.68% 4.88% -1.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $304.4K $227.4K $216.8K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $492.0K $415.1K $404.5K
YoY Change 28.83% 2.62% -0.91%
SHAREHOLDERS EQUITY
Retained Earnings $15.45M $15.14M
YoY Change 1.33% 6.19%
Common Stock $59.34K $59.34K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.51M $15.45M $15.20M
YoY Change
Total Liabilities & Shareholders Equity $16.00M $15.86M $15.60M
YoY Change 1.99% 1.67% 5.96%

Cashflow Statement

Concept 2020 Q1 2019 2018 Q4
OPERATING ACTIVITIES
Net Income $58.38K $249.9K $40.60K
YoY Change -44.78% -77.59% -80.67%
Depreciation, Depletion And Amortization $234.00 $2.361K -$11.52K
YoY Change -62.01% -39.23% -157.6%
Cash From Operating Activities $21.74K $194.7K $143.5K
YoY Change -154.34% -19.4% 19.56%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$26.82K -$16.12K
YoY Change -100.0% -148.38% -67.76%
Acquisitions
YoY Change
Other Investing Activities $1.210M $2.456M -$259.1K
YoY Change 147.48% -21.91% -155.12%
Cash From Investing Activities -$434.9K $1.225M -$275.2K
YoY Change -242.21% 512.82% -165.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000
YoY Change
NET CHANGE
Cash From Operating Activities 21.74K 194.7K 143.5K
Cash From Investing Activities -434.9K 1.225M -275.2K
Cash From Financing Activities 0.000
Net Change In Cash -413.1K 1.420M -131.7K
YoY Change -255.43% 581.39% -124.39%
FREE CASH FLOW
Cash From Operating Activities $21.74K $194.7K $143.5K
Capital Expenditures $0.00 -$26.82K -$16.12K
Free Cash Flow $21.74K $221.5K $159.6K
YoY Change -137.5% 19.02% -6.12%

Facts In Submission

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PrepaidExpenseAndOtherAssetsCurrent
36989
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3854000
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
2662890
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
109235
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
982242
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
15138187
CY2019 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
523327
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9320249
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9322404
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9242082
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9245988
CY2019 us-gaap Results Of Operations Expense From Oil And Gas Producing Activities
ResultsOfOperationsExpenseFromOilAndGasProducingActivities
57454
CY2018 us-gaap Results Of Operations Expense From Oil And Gas Producing Activities
ResultsOfOperationsExpenseFromOilAndGasProducingActivities
63231
CY2019 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
465873
CY2018 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
518232
CY2019 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
135103
CY2018 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
150287
CY2019 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
330770
CY2018 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
367945
CY2018 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
581463
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
15388120
CY2019 us-gaap Revenues
Revenues
811271
CY2018 us-gaap Revenues
Revenues
1194763
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
15197522
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
15447455
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
14315561
CY2019 us-gaap Taxes Other
TaxesOther
151204
CY2018 us-gaap Taxes Other
TaxesOther
159573
CY2019 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
240
CY2018 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;">Basis of Presentation and </div><div style="display: inline; font-style: italic;">Use of Estimates</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> effect on the reported results of operations.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1942495
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1942495

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