2014 Q1 Form 10-Q Financial Statement
#000110465914036316 Filed on May 08, 2014
Income Statement
Concept | 2014 Q1 | 2013 Q4 | 2013 Q1 |
---|---|---|---|
Revenue | $48.80M | $18.73M | $63.20M |
YoY Change | -22.79% | -67.17% | -5.73% |
Cost Of Revenue | $33.91M | $17.66M | $43.23M |
YoY Change | -21.55% | -56.72% | 12.15% |
Gross Profit | $14.89M | $1.060M | $19.97M |
YoY Change | -25.46% | -93.48% | -29.92% |
Gross Profit Margin | 30.51% | 5.66% | 31.6% |
Selling, General & Admin | $2.615M | $2.370M | $2.381M |
YoY Change | 9.83% | 4.41% | 3.5% |
% of Gross Profit | 17.56% | 223.58% | 11.92% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $10.18M | $5.530M | $6.690M |
YoY Change | 52.17% | -19.97% | 16.96% |
% of Gross Profit | 68.38% | 521.7% | 33.5% |
Operating Expenses | $2.615M | $7.900M | $2.381M |
YoY Change | 9.83% | -13.94% | 3.5% |
Operating Profit | $7.197M | -$6.836M | $10.90M |
YoY Change | -34.0% | -196.7% | -46.74% |
Interest Expense | $181.6K | -$190.0K | $319.7K |
YoY Change | -43.21% | -45.71% | 31.92% |
% of Operating Profit | 2.52% | 2.93% | |
Other Income/Expense, Net | -$340.0K | ||
YoY Change | |||
Pretax Income | $7.016M | -$7.020M | $10.59M |
YoY Change | -33.72% | -204.46% | -47.68% |
Income Tax | $2.736M | -$2.310M | $4.234M |
% Of Pretax Income | 39.0% | 40.0% | |
Net Earnings | $1.650M | -$4.710M | $6.350M |
YoY Change | -74.02% | -213.49% | -48.71% |
Net Earnings / Revenue | 3.38% | -25.15% | 10.05% |
Basic Earnings Per Share | $0.19 | -$0.21 | $0.29 |
Diluted Earnings Per Share | $0.19 | -$0.21 | $0.29 |
COMMON SHARES | |||
Basic Shares Outstanding | 21.96M shares | 21.94M shares | 21.72M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q1 | 2013 Q4 | 2013 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $15.30M | $16.10M | $10.00M |
YoY Change | 53.0% | 87.21% | -6.54% |
Cash & Equivalents | $15.29M | $16.13M | $9.999M |
Short-Term Investments | |||
Other Short-Term Assets | $2.300M | $8.000M | $9.700M |
YoY Change | -76.29% | -1.23% | 120.45% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $39.40M | $10.74M | $37.60M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $56.93M | $34.90M | $57.28M |
YoY Change | -0.6% | -33.32% | -17.53% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $57.56M | $63.11M | $82.40M |
YoY Change | -30.14% | -29.4% | 16.62% |
Goodwill | $201.5K | ||
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $83.69K | $89.47K | $100.0K |
YoY Change | -16.31% | -7.59% | 22.38% |
Total Long-Term Assets | $285.2K | $291.0K | $298.3K |
YoY Change | -4.39% | -2.46% | 5.32% |
TOTAL ASSETS | |||
Total Short-Term Assets | $56.93M | $34.90M | $57.28M |
Total Long-Term Assets | $285.2K | $291.0K | $298.3K |
Total Assets | $114.8M | $98.30M | $140.0M |
YoY Change | -17.99% | -30.79% | -0.31% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $9.840M | $4.098M | $12.40M |
YoY Change | -20.65% | -70.05% | -38.0% |
Accrued Expenses | $7.620M | $2.586M | $5.900M |
YoY Change | 29.15% | -53.36% | 23.39% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $8.900M | $9.900M | $11.70M |
YoY Change | -23.93% | -21.43% | 36.05% |
Total Short-Term Liabilities | $33.45M | $17.20M | $35.93M |
YoY Change | -6.92% | -57.15% | -19.42% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $5.400M | $7.400M | $13.90M |
YoY Change | -61.15% | -54.6% | 17.8% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $5.400M | $7.400M | $13.90M |
YoY Change | -61.15% | -54.6% | 17.8% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $33.45M | $17.20M | $35.93M |
Total Long-Term Liabilities | $5.400M | $7.400M | $13.90M |
Total Liabilities | $42.90M | $29.20M | $56.60M |
YoY Change | -24.2% | -54.38% | -10.87% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $46.04M | $41.76M | |
YoY Change | -13.14% | ||
Common Stock | $221.0K | $220.9K | |
YoY Change | 6.55% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.251M | $1.251M | |
YoY Change | 81.05% | ||
Treasury Stock Shares | 145.3K shares | 145.3K shares | 97.82K shares |
Shareholders Equity | $71.90M | $69.13M | $83.40M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $114.8M | $98.30M | $140.0M |
YoY Change | -17.99% | -30.79% | -0.31% |
Cashflow Statement
Concept | 2014 Q1 | 2013 Q4 | 2013 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.650M | -$4.710M | $6.350M |
YoY Change | -74.02% | -213.49% | -48.71% |
Depreciation, Depletion And Amortization | $10.18M | $5.530M | $6.690M |
YoY Change | 52.17% | -19.97% | 16.96% |
Cash From Operating Activities | $23.35M | -$940.0K | $5.270M |
YoY Change | 343.07% | -134.69% | -1524.32% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $978.7K | -$600.0K | $559.3K |
YoY Change | 74.97% | -92.77% | -80.29% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $1.660M | $90.00K | $40.00K |
YoY Change | 4050.0% | -87.88% | |
Cash From Investing Activities | -$4.710M | -$510.0K | -$520.0K |
YoY Change | 805.77% | -93.85% | -79.28% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -4.010M | -3.880M | -3.300M |
YoY Change | 21.52% | -45.96% | 39.83% |
NET CHANGE | |||
Cash From Operating Activities | 23.35M | -940.0K | 5.270M |
Cash From Investing Activities | -4.710M | -510.0K | -520.0K |
Cash From Financing Activities | -4.010M | -3.880M | -3.300M |
Net Change In Cash | 14.63M | -5.330M | 1.450M |
YoY Change | 908.97% | -58.23% | -127.67% |
FREE CASH FLOW | |||
Cash From Operating Activities | $23.35M | -$940.0K | $5.270M |
Capital Expenditures | $978.7K | -$600.0K | $559.3K |
Free Cash Flow | $22.37M | -$340.0K | $4.711M |
YoY Change | 374.91% | -103.09% | -246.84% |
Facts In Submission
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---|---|---|---|---|
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TGC INDUSTRIES INC | |
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2014-03-31 | |
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-1746392 | USD |
CY2013Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-1490612 | USD |
CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-1746392 | USD |
CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-1490612 | USD |
CY2014Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2533311 | USD |
CY2013Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
4860860 | USD |
CY2014Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
35867 | USD |
CY2013Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
42485 | USD |
CY2014Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
238280 | USD |
CY2013Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
217952 | USD |
CY2014Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-572361 | USD |
CY2013Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-930840 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
28928162 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2488167 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
-958380 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
2210937 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1080158 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-815489 | USD |
CY2013Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
4689198 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8614244 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
443155 | USD |
CY2014Q1 | tge |
Increase Decrease Prepaid Federal And State Income Tax
IncreaseDecreasePrepaidFederalAndStateIncomeTax
|
-3795639 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-4295 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1115 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
5812549 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-1191337 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
5067307 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
3354740 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
-2853690 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
3051796 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
475328 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
3181839 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
5271194 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
978660 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
559335 | USD |
CY2014Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
69543 | USD |
CY2013Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
42982 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-909117 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-516353 | USD |
CY2014Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
2576131 | USD |
CY2013Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
2994826 | USD |
CY2014Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
446911 | USD |
CY2013Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
643768 | USD |
CY2013Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
336764 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-3023042 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-3301830 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-750320 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
1453011 | USD |
CY2014Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-87212 | USD |
CY2013Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-67822 | USD |
CY2014Q1 | us-gaap |
Interest Paid
InterestPaid
|
181572 | USD |
CY2013Q1 | us-gaap |
Interest Paid
InterestPaid
|
319706 | USD |
CY2014Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
3538869 | USD |
CY2014Q1 | tge |
Restricted Stock Issued
RestrictedStockIssued
|
100200 | USD |
CY2013Q1 | tge |
Restricted Stock Issued
RestrictedStockIssued
|
54390 | USD |
CY2013Q1 | tge |
Treasury Shares Issued For Stock Options Exercised
TreasurySharesIssuedForStockOptionsExercised
|
183964 | USD |
CY2013Q1 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
316850 | USD |
CY2014Q1 | tge |
Insurance Premiums Incurred But Not Paid
InsurancePremiumsIncurredButNotPaid
|
167682 | USD |
CY2013Q1 | tge |
Insurance Premiums Incurred But Not Paid
InsurancePremiumsIncurredButNotPaid
|
156276 | USD |
CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
9999433 | USD |
CY2014Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | USD |
CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | USD |