$CPER
United States Commodity Index Funds Trust

2016 Q1 Form 10-K Financial Statement

#000114420416087488 Filed on March 11, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2014 Q4 2014
Revenue -$727.5K -$135.1M
YoY Change -98.43% 675.95%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.388M $7.502M
YoY Change -24.56% 22.3%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$2.084M -$142.4M
YoY Change -95.66% 511.38%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 12.60M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2014 Q4 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $485.0M $718.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $761.2M
YoY Change 46.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $44.95M
YoY Change 4227.32%
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
YoY Change
Total Liabilities & Shareholders Equity $761.2M
YoY Change 46.18%

Cashflow Statement

Concept 2016 Q1 2014 Q4 2014
OPERATING ACTIVITIES
Net Income -$2.084M -$142.4M
YoY Change -95.66% 511.38%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $13.63M -$152.7M
YoY Change -134.44% -10124.58%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.597M $391.2M
YoY Change -96.55% 840.18%
NET CHANGE
Cash From Operating Activities $13.63M -$152.7M
Cash From Investing Activities
Cash From Financing Activities -$6.597M $391.2M
Net Change In Cash $7.032M $238.5M
YoY Change -103.05% 452.86%
FREE CASH FLOW
Cash From Operating Activities $13.63M -$152.7M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
718659173 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
81100456 USD
CY2014Q4 usci Unrealized Gain Loss On Open Commodity Futures Contracts
UnrealizedGainLossOnOpenCommodityFuturesContracts
-38667824 USD
CY2014Q4 us-gaap Interest Receivable
InterestReceivable
1343 USD
CY2014Q4 us-gaap Assets
Assets
761213952 USD
CY2014Q4 us-gaap Due To Officers Or Stockholders Current And Noncurrent
DueToOfficersOrStockholdersCurrentAndNoncurrent
535815 USD
CY2014Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
618128 USD
CY2014Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
42815 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-123 USD
CY2014Q4 us-gaap Due To Other Related Parties Current And Noncurrent
DueToOtherRelatedPartiesCurrentAndNoncurrent
15856 USD
CY2014Q4 us-gaap Liabilities
Liabilities
44949263 USD
CY2014Q4 usci Unitholder Capital Account
UnitholderCapitalAccount
716264689 USD
CY2014Q4 usci Trust Capital Account
TrustCapitalAccount
716264689 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
761213952 USD
CY2014Q4 us-gaap Capital Units Outstanding
CapitalUnitsOutstanding
15050000 shares
CY2014Q4 us-gaap Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
1050 USD
CY2014Q4 usci Payable For Shares Redeemed
PayableForSharesRedeemed
43736649 USD
CY2014Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
119754 USD
CY2014Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
0 USD
CY2014 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-85949027 USD
CY2014 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-49496908 USD
CY2014 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
0 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
14 USD
CY2014 us-gaap Interest Income Operating
InterestIncomeOperating
326764 USD
CY2014 us-gaap Other Income
OtherIncome
25150 USD
CY2014 us-gaap Revenues
Revenues
-135094130 USD
CY2014 us-gaap Asset Management Costs
AssetManagementCosts
5939763 USD
CY2014 us-gaap Professional Fees
ProfessionalFees
756301 USD
CY2014 us-gaap Floor Brokerage Exchange And Clearance Fees
FloorBrokerageExchangeAndClearanceFees
658367 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
7501865 USD
CY2014 usci Expense Waiver
ExpenseWaiver
154313 USD
CY2014 usci Net Operating Expenses
NetOperatingExpenses
7347552 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-142441682 USD
CY2015 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
114250 USD
CY2013 us-gaap Interest Income Operating
InterestIncomeOperating
269442 USD
CY2013 us-gaap Other Income
OtherIncome
17100 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-23298441 USD
CY2015 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
CY2014 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
850 USD
CY2013 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
850 USD
CY2014 us-gaap Increase Decrease In Financial Instruments Used In Operating Activities
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
60098264 USD
CY2015 us-gaap Increase Decrease In Financial Instruments Used In Operating Activities
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
-24535826 USD
CY2014 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-49496908 USD
CY2015 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
29911129 USD
CY2014 us-gaap Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
-125972 USD
CY2015 us-gaap Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
-3829 USD
CY2014 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
0 USD
CY2013 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-33813684 USD
CY2013 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
16116506 USD
CY2013 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
266 USD
CY2013 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
4 USD
CY2013 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
100 USD
CY2013 us-gaap Revenues
Revenues
-17410266 USD
CY2013 us-gaap Asset Management Costs
AssetManagementCosts
4893876 USD
CY2013 us-gaap Professional Fees
ProfessionalFees
738804 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
6133901 USD
CY2013 usci Expense Waiver
ExpenseWaiver
245726 USD
CY2013 usci Net Operating Expenses
NetOperatingExpenses
5888175 USD
CY2015 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-36 USD
CY2014 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
700 USD
CY2015 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-1050 USD
CY2014 usci Increase Decrease Management Fees Payable
IncreaseDecreaseManagementFeesPayable
128225 USD
CY2015 usci Increase Decrease Management Fees Payable
IncreaseDecreaseManagementFeesPayable
-172944 USD
CY2014 usci Increase Decrease In Professional Fees Payable
IncreaseDecreaseInProfessionalFeesPayable
18255 USD
CY2015 usci Increase Decrease In Professional Fees Payable
IncreaseDecreaseInProfessionalFeesPayable
163900 USD
CY2014 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
7553 USD
CY2015 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-15792 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-152743885 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-110090649 USD
CY2014 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
451486732 USD
CY2015 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
156421629 USD
CY2015 usci Payments To Redemption Of Units
PaymentsToRedemptionOfUnits
286982884 USD
CY2014 usci Payments To Redemption Of Units
PaymentsToRedemptionOfUnits
60265183 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-130561255 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
391221549 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-240651904 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
238477664 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
480181509 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
6222 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 USD
CY2015 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
0 USD
CY2014 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-152 USD
CY2015 us-gaap Increase Decrease In Broker Dealer Related Receivables Payables Net
IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
0 USD
CY2014 us-gaap Increase Decrease In Broker Dealer Related Receivables Payables Net
IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
-20000 USD
CY2015 us-gaap Trustee Fees
TrusteeFees
3000 USD
CY2015 us-gaap Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
20000 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt"> Reclassifications</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Certain prior year amounts have been reclassified to conform to the current year presentation.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt">Use of Estimates</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with GAAP requires USCF to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of the revenue and expenses during the reporting period.&#160;Actual results may differ from those estimates and assumptions.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015 usci Cash Equivalents Maturity Period
CashEquivalentsMaturityPeriod
P6M
CY2013 us-gaap Increase Decrease In Financial Instruments Used In Operating Activities
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
-40897436 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
16116506 USD
CY2013 us-gaap Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
13195 USD
CY2013 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
812 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 USD
CY2013 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
0 USD
CY2013 usci Increase Decrease Management Fees Payable
IncreaseDecreaseManagementFeesPayable
8611 USD
CY2013 usci Increase Decrease In Professional Fees Payable
IncreaseDecreaseInProfessionalFeesPayable
45749 USD
CY2013 us-gaap Increase Decrease In Broker Dealer Related Receivables Payables Net
IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet
0 USD
CY2013 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
852 USD
CY2013 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-1 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1523693 USD
CY2013 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
123611309 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
43134949 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
437046560 USD
CY2015 us-gaap Management Fee Description
ManagementFeeDescription
For USCI, the fee is equal to the percentage fees paid to USCF minus 0.14%, with that result multiplied by 0.5, minus 0.06% to arrive at the actual fee paid. For each of CPER and USAG, the fee is equal to the percentage fees paid to USCF minus 0.18%, with that result multiplied by 0.5, minus 0.6% to arrive at the actual fee paid.
CY2015 usci Capital Account Description Of Units
CapitalAccountDescriptionOfUnits
On November 10, 2010, the Trust transferred $1,000 to each of USAG and CPER, which was deemed a capital contribution to each series. On November 14, 2011, USCF received 40 Sponsor Shares of CPER in exchange for the previously received capital contribution, representing a beneficial interest in CPER. On December 7, 2011, USCF redeemed the 40 Sponsor Shares of CPER and purchased 40 shares of CPER in the open market. On April 13, 2012, USCF received 40 Sponsor Shares of USAG in exchange for the previously received capital contribution, representing a beneficial interest in USAG. On June 28, 2012, USCF redeemed the 40 Sponsor Shares of USAG and on October 3, 2012, purchased 5 shares of USAG on the open market.
CY2015Q2 dei Entity Public Float
EntityPublicFloat
567526452 USD
CY2016Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12600000 shares
CY2015Q4 usci Percentage Of Income Tax Examination Minimum Likelihood Of Tax Benefits Being Realized Upon Settlement
PercentageOfIncomeTaxExaminationMinimumLikelihoodOfTaxBenefitsBeingRealizedUponSettlement
0.5 pure

Files In Submission

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