2011 Q4 Form 10-K Financial Statement

#000110465913021268 Filed on March 15, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $39.55K $31.01K $30.22K
YoY Change -99.88% -99.86% -99.87%
Cost Of Revenue $26.08M $21.72M $21.95M
YoY Change 3.99% 14.73% 19.69%
Gross Profit $13.47M -$21.69M -$21.92M
YoY Change 76.77% -654.66% -628.19%
Gross Profit Margin 34056.43% -69929.2% -72544.39%
Selling, General & Admin $2.420M $2.438M $2.273M
YoY Change 28.04% 54.3% 30.63%
% of Gross Profit 17.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.000M $4.970M $4.780M
YoY Change 30.89% 28.76% 26.12%
% of Gross Profit 37.12%
Operating Expenses $7.420M $2.438M $2.273M
YoY Change 29.95% -55.27% -58.9%
Operating Profit $6.048K $1.889K $1.214K
YoY Change -99.68% -100.12% -100.09%
Interest Expense -$210.0K $192.5K $191.9K
YoY Change 23.53% -201.31% -191.36%
% of Operating Profit -3472.22% 10190.31% 15803.62%
Other Income/Expense, Net
YoY Change
Pretax Income $5.840M $1.697M $1.022M
YoY Change 235.63% -198.65% -163.87%
Income Tax $2.400M $650.2K $435.2K
% Of Pretax Income 41.1% 38.32% 42.58%
Net Earnings $3.440M $1.050M $590.0K
YoY Change 384.51% -182.68% -148.76%
Net Earnings / Revenue 8697.41% 3385.68% 1952.61%
Basic Earnings Per Share $0.17 $0.05 $0.03
Diluted Earnings Per Share $0.17 $0.05 $0.03
COMMON SHARES
Basic Shares Outstanding 19.26M shares 20.21M shares 20.20M shares
Diluted Shares Outstanding 20.51M shares 20.54M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.70M $21.70M $21.90M
YoY Change 19.85% 10.71% 0.92%
Cash & Equivalents $15.75M $21.74M $21.93M
Short-Term Investments
Other Short-Term Assets $6.700M $3.800M $4.500M
YoY Change -9.46% 2.7% 4.65%
Inventory
Prepaid Expenses
Receivables $19.35M $17.50M $12.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $41.80M $43.10M $39.10M
YoY Change 11.07% 29.04% 6.54%
LONG-TERM ASSETS
Property, Plant & Equipment $57.80M $54.90M $50.00M
YoY Change 16.25% 23.93% 10.13%
Goodwill $201.5K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $77.87K $100.0K $100.0K
YoY Change 28.0% 0.0% 0.0%
Total Long-Term Assets $279.4K $55.10M $50.30M
YoY Change 6.49% 20.31% 7.25%
TOTAL ASSETS
Total Short-Term Assets $41.80M $43.10M $39.10M
Total Long-Term Assets $279.4K $55.10M $50.30M
Total Assets $99.88M $98.20M $89.40M
YoY Change 14.0% 23.99% 6.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.256M $5.900M $2.800M
YoY Change -0.05% 37.21% -54.1%
Accrued Expenses $2.598M $3.800M $2.600M
YoY Change 43.69% 111.11% 116.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.100M $8.200M $7.400M
YoY Change -4.05% 9.33% -8.64%
Total Short-Term Liabilities $21.95M $25.00M $19.80M
YoY Change -8.33% 42.05% -7.04%
LONG-TERM LIABILITIES
Long-Term Debt $7.000M $8.100M $4.500M
YoY Change 16.67% 76.09% 4.65%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $7.000M $8.100M $4.500M
YoY Change 16.67% 76.09% 4.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.95M $25.00M $19.80M
Total Long-Term Liabilities $7.000M $8.100M $4.500M
Total Liabilities $36.20M $38.80M $29.20M
YoY Change 4.02% 39.07% -7.01%
SHAREHOLDERS EQUITY
Retained Earnings $35.50M
YoY Change 43.92%
Common Stock $193.5K
YoY Change 0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $257.4K
YoY Change 0.03%
Treasury Stock Shares 37.82K shares 37.80K shares
Shareholders Equity $63.72M $59.40M $60.20M
YoY Change
Total Liabilities & Shareholders Equity $99.88M $98.20M $89.40M
YoY Change 14.0% 23.99% 6.94%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $3.440M $1.050M $590.0K
YoY Change 384.51% -182.68% -148.76%
Depreciation, Depletion And Amortization $5.000M $4.970M $4.780M
YoY Change 30.89% 28.76% 26.12%
Cash From Operating Activities $4.200M $5.600M $15.29M
YoY Change -652.63% 35.92% 1007.97%
INVESTING ACTIVITIES
Capital Expenditures -$7.870M -$3.070M -$6.450M
YoY Change 151.44% -21.28% 1216.33%
Acquisitions
YoY Change
Other Investing Activities $510.0K $60.00K $110.0K
YoY Change 920.0% 0.0% 120.0%
Cash From Investing Activities -$7.360M -$3.010M -$6.330M
YoY Change 138.19% -21.41% 1338.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.870M -2.670M -2.510M
YoY Change 7.09% 5.53% 7.73%
NET CHANGE
Cash From Operating Activities 4.200M 5.600M 15.29M
Cash From Investing Activities -7.360M -3.010M -6.330M
Cash From Financing Activities -2.870M -2.670M -2.510M
Net Change In Cash -6.030M -80.00K 6.450M
YoY Change -7.66% -96.43% -564.03%
FREE CASH FLOW
Cash From Operating Activities $4.200M $5.600M $15.29M
Capital Expenditures -$7.870M -$3.070M -$6.450M
Free Cash Flow $12.07M $8.670M $21.74M
YoY Change 409.28% 8.1% 1062.57%

Facts In Submission

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<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="MARGIN: 0in 0in 0pt"><u><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Reclassifications</font></u></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Certain reclassifications have been made to the 2011 financial statements to conform to the 2012 presentation.</font></p></div>
CY2012 us-gaap Loss Contingency Disclosures
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CY2012 dei Entity Registrant Name
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TGC INDUSTRIES INC
CY2012 dei Entity Central Index Key
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0000799165
CY2012 dei Document Type
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2012-12-31
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CY2012 dei Entity Voluntary Filers
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2012
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FY
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CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3.69
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359535 USD
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CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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5909358 USD
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CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2012 us-gaap Earnings Per Share Diluted
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4.20
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CY2011 tge Income Tax Reconciliation Nondeductible Expense And Other
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0.35 pure
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0.34 pure
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1121420 USD
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-2820516 USD
CY2012 tge Increase Decrease Prepaid Federal And State Income Tax
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-78268 USD
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17991 USD
CY2012 us-gaap Increase Decrease In Accounts Payable Trade
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4328707 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
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2911755 USD
CY2012 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
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2814863 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
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2424634 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
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CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2012 us-gaap Interest Paid
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CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
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CY2012 us-gaap Repayments Of Notes Payable
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11338097 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
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CY2012 us-gaap Income Taxes Paid
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7022640 USD
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CY2012 tge Restricted Stock Issued
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1334014 USD
CY2012 tge Treasury Shares Issued For Stock Options Exercised
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433615 USD

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