$DMLP
DORCHESTER MINERALS, L.P.

2015 Q1 Form 10-Q Financial Statement

#000143774915009255 Filed on May 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $8.805M $17.34M
YoY Change -49.22% 31.16%
Cost Of Revenue $1.030M $1.440M
YoY Change -28.47% 11.63%
Gross Profit $7.770M $15.90M
YoY Change -51.13% 33.28%
Gross Profit Margin 88.25% 91.7%
Selling, General & Admin $1.280M $1.140M
YoY Change 12.28% 26.67%
% of Gross Profit 16.47% 7.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.465M $2.517M
YoY Change -2.07% -25.75%
% of Gross Profit 31.72% 15.83%
Operating Expenses $3.740M $3.650M
YoY Change 2.47% -14.72%
Operating Profit $4.030M $12.25M
YoY Change -67.09% 60.09%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $1.000K $650.0K
YoY Change -99.85%
Pretax Income $4.030M $12.90M
YoY Change -68.76% 68.63%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $4.031M $12.90M
YoY Change -68.74% 68.59%
Net Earnings / Revenue 45.78% 74.38%
Basic Earnings Per Share
Diluted Earnings Per Share $131.4K $420.5K
COMMON SHARES
Basic Shares Outstanding 30.68M
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.70M $16.50M
YoY Change -35.15% 13.01%
Cash & Equivalents $10.67M $16.53M
Short-Term Investments
Other Short-Term Assets $100.0K $0.00
YoY Change
Inventory
Prepaid Expenses $58.00K
Receivables $7.300M $12.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.00M $28.80M
YoY Change -37.49% 21.52%
LONG-TERM ASSETS
Property, Plant & Equipment $68.50M $82.10M
YoY Change -16.57% -12.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $68.49M $82.10M
YoY Change -16.57% -12.94%
TOTAL ASSETS
Total Short-Term Assets $18.00M $28.80M
Total Long-Term Assets $68.49M $82.10M
Total Assets $86.50M $110.9M
YoY Change -22.0% -6.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.300M $1.100M
YoY Change 18.18% 37.5%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.300M $1.100M
YoY Change 18.18% 37.5%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.300M $1.100M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.298M $1.100M
YoY Change 18.0% 22.22%
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 $85.20M $109.8M
YoY Change
Total Liabilities & Shareholders Equity $86.50M $110.9M
YoY Change -22.0% -6.02%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $4.031M $12.90M
YoY Change -68.74% 68.59%
Depreciation, Depletion And Amortization $2.465M $2.517M
YoY Change -2.07% -25.75%
Cash From Operating Activities $10.05M $16.29M
YoY Change -38.31% 11.27%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $70.00K
YoY Change
Cash From Investing Activities $70.00K
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 -15.36M -14.93M
YoY Change 2.88% 8.27%
NET CHANGE
Cash From Operating Activities 10.05M 16.29M
Cash From Investing Activities 70.00K
Cash From Financing Activities -15.36M -14.93M
Net Change In Cash 10.05M 16.29M
YoY Change -38.31% 1816.47%
FREE CASH FLOW
Cash From Operating Activities $10.05M $16.29M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2014Q1 dmlp Lease Bonus
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CY2015Q1 dmlp Proceeds From Sale Of Net Profit Interest Reserves
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<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=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 21.6pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">Reclassification</div> &#x2014; Certain amounts in the 2014 condensed consolidated financial statements have been reclassified to conform to the 2015 presentation.</div></div></div></div>
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