2013 Q1 Form 10-Q Financial Statement
#000110465913040162 Filed on May 10, 2013
Income Statement
Concept | 2013 Q1 | 2012 Q1 |
---|---|---|
Revenue | $63.20M | $67.05M |
YoY Change | -5.73% | 133330.85% |
Cost Of Revenue | $43.23M | $38.55M |
YoY Change | 12.15% | 12.48% |
Gross Profit | $19.97M | $28.50M |
YoY Change | -29.92% | -183.28% |
Gross Profit Margin | 31.6% | 42.5% |
Selling, General & Admin | $2.381M | $2.300M |
YoY Change | 3.5% | -8.02% |
% of Gross Profit | 11.92% | 8.07% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $6.690M | $5.720M |
YoY Change | 16.96% | 28.25% |
% of Gross Profit | 33.5% | 20.07% |
Operating Expenses | $2.381M | $2.300M |
YoY Change | 3.5% | -8.02% |
Operating Profit | $10.90M | $20.48M |
YoY Change | -46.74% | 227046.66% |
Interest Expense | $319.7K | $242.3K |
YoY Change | 31.92% | 26.99% |
% of Operating Profit | 2.93% | 1.18% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $10.59M | $20.23M |
YoY Change | -47.68% | 129.31% |
Income Tax | $4.234M | $7.848M |
% Of Pretax Income | 40.0% | 38.79% |
Net Earnings | $6.350M | $12.38M |
YoY Change | -48.71% | 114.93% |
Net Earnings / Revenue | 10.05% | 18.47% |
Basic Earnings Per Share | $0.29 | $0.58 |
Diluted Earnings Per Share | $0.29 | $0.57 |
COMMON SHARES | ||
Basic Shares Outstanding | 21.72M shares | 20.31M shares |
Diluted Shares Outstanding | 21.79M shares |
Balance Sheet
Concept | 2013 Q1 | 2012 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $10.00M | $10.70M |
YoY Change | -6.54% | -30.97% |
Cash & Equivalents | $9.999M | $10.66M |
Short-Term Investments | ||
Other Short-Term Assets | $9.700M | $4.400M |
YoY Change | 120.45% | 22.22% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $37.60M | $54.41M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $57.28M | $69.46M |
YoY Change | -17.53% | 48.73% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $82.40M | $70.66M |
YoY Change | 16.62% | 33.06% |
Goodwill | $201.5K | |
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $100.0K | $81.71K |
YoY Change | 22.38% | -18.29% |
Total Long-Term Assets | $298.3K | $283.2K |
YoY Change | 5.32% | -99.47% |
TOTAL ASSETS | ||
Total Short-Term Assets | $57.28M | $69.46M |
Total Long-Term Assets | $298.3K | $283.2K |
Total Assets | $140.0M | $140.4M |
YoY Change | -0.31% | 40.26% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $12.40M | $20.00M |
YoY Change | -38.0% | 48.16% |
Accrued Expenses | $5.900M | $4.782M |
YoY Change | 23.39% | 44.9% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $11.70M | $8.600M |
YoY Change | 36.05% | 30.3% |
Total Short-Term Liabilities | $35.93M | $44.60M |
YoY Change | -19.42% | 42.48% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $13.90M | $11.80M |
YoY Change | 17.8% | 126.92% |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $13.90M | $11.80M |
YoY Change | 17.8% | 126.92% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $35.93M | $44.60M |
Total Long-Term Liabilities | $13.90M | $11.80M |
Total Liabilities | $56.60M | $63.50M |
YoY Change | -10.87% | 56.02% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $47.88M | |
YoY Change | ||
Common Stock | $194.7K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $598.9K | |
YoY Change | ||
Treasury Stock Shares | 97.82K shares | 71.07K shares |
Shareholders Equity | $83.40M | $76.85M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $140.0M | $140.4M |
YoY Change | -0.31% | 40.26% |
Cashflow Statement
Concept | 2013 Q1 | 2012 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $6.350M | $12.38M |
YoY Change | -48.71% | 114.93% |
Depreciation, Depletion And Amortization | $6.690M | $5.720M |
YoY Change | 16.96% | 28.25% |
Cash From Operating Activities | $5.270M | -$370.0K |
YoY Change | -1524.32% | -104.07% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $559.3K | $2.838M |
YoY Change | -80.29% | -38.62% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $40.00K | $330.0K |
YoY Change | -87.88% | 450.0% |
Cash From Investing Activities | -$520.0K | -$2.510M |
YoY Change | -79.28% | -45.08% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -3.300M | -2.360M |
YoY Change | 39.83% | 11.32% |
NET CHANGE | ||
Cash From Operating Activities | 5.270M | -370.0K |
Cash From Investing Activities | -520.0K | -2.510M |
Cash From Financing Activities | -3.300M | -2.360M |
Net Change In Cash | 1.450M | -5.240M |
YoY Change | -127.67% | -319.25% |
FREE CASH FLOW | ||
Cash From Operating Activities | $5.270M | -$370.0K |
Capital Expenditures | $559.3K | $2.838M |
Free Cash Flow | $4.711M | -$3.208M |
YoY Change | -246.84% | -171.98% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q1 | tge |
Minimum Period Of Written Notice To Cancel Supplemental Agreement
MinimumPeriodOfWrittenNoticeToCancelSupplementalAgreement
|
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Common Stock Dividends Paid Percentage
CommonStockDividendsPaidPercentage
|
0.05 | pure |
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P3Y | |
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Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
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|
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Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1027000 | USD |
CY2013Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
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CY2012Q1 | us-gaap |
Allocated Share Based Compensation Expense
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|
48000 | USD |
CY2013Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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CY2013Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | |
CY2013Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
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CY2013Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.29 | |
CY2012Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
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CY2012Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
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CY2012Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.57 | |
CY2013Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
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CY2012Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.58 | |
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Cash And Cash Equivalents At Carrying Value
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|
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Accounts Receivable Net Current
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|
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Prepaid Expense And Other Assets Current
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|
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|
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Furniture And Fixtures Gross
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|
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Leasehold Improvements Gross
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|
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Property Plant And Equipment Gross
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|
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|
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Property Plant And Equipment Net
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|
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Goodwill
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|
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Other Assets Noncurrent
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Treasury Stock Value
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|
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Property Plant And Equipment Gross
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|
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Preferred Stock Par Or Stated Value Per Share
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|
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|
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Costs And Expenses
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|
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Comprehensive Income Net Of Tax
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|
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Share Based Compensation
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|
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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|
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Increase Decrease Prepaid Federal And State Income Tax
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|
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Increase Decrease In Other Operating Assets
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|
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Increase Decrease In Accounts Payable Trade
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|
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Increase Decrease In Accrued Liabilities
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|
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|
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Increase Decrease In Accrued Income Taxes Payable
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|
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|
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|
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Repayments Of Long Term Capital Lease Obligations
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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Cash And Cash Equivalents At Carrying Value
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|
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Cash And Cash Equivalents At Carrying Value
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|
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CY2013Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
TGC INDUSTRIES INC | |
CY2013Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000799165 | |
CY2013Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2013Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-03-31 | |
CY2013Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2013Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2013Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2013Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2013Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
20766597 | shares |
CY2013Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | |
CY2013Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2013Q2 | tge |
Common Stock Dividends Declared Percentage
CommonStockDividendsDeclaredPercentage
|
0.05 | pure |
CY2013Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
97816 | shares |
CY2012Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
80076 | shares |
CY2012Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
518164 | USD |
CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-1490612 | USD |
CY2013Q1 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
316850 | USD |