2016 Q2 Form 10-Q Financial Statement

#000159200016000033 Filed on August 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q4 2015 Q2
Revenue $1.033B $1.067B $1.275B
YoY Change -18.93% 6.63% 37.46%
Cost Of Revenue $732.4M $757.9M $968.2M
YoY Change -24.35% 8.82% 46.28%
Gross Profit $200.7M $308.6M $197.2M
YoY Change 1.77% 1.65% 3.03%
Gross Profit Margin 19.43% 28.94% 15.47%
Selling, General & Admin $30.30M $31.30M $28.10M
YoY Change 7.83% 2.96% 5.64%
% of Gross Profit 15.1% 10.14% 14.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $124.9M $98.20M $97.70M
YoY Change 27.84% 14.59% 30.27%
% of Gross Profit 62.23% 31.82% 49.54%
Operating Expenses $255.3M $233.6M $234.9M
YoY Change 8.68% 17.27% 33.85%
Operating Profit $45.20M -$692.0M $71.40M
YoY Change -36.69% -762.84% -20.49%
Interest Expense -$45.60M -$24.30M -$18.00M
YoY Change 153.33% 200.0% 150.0%
% of Operating Profit -100.88% -25.21%
Other Income/Expense, Net -$45.80M -$2.400M -$16.60M
YoY Change 175.9% -36.84% 86.52%
Pretax Income -$600.0K -$717.1M $54.80M
YoY Change -101.09% -875.24% -32.26%
Income Tax -$1.800M $4.600M $10.20M
% Of Pretax Income 18.61%
Net Earnings $800.0K -$195.0M $16.20M
YoY Change -95.06% -763.27% -39.33%
Net Earnings / Revenue 0.08% -18.28% 1.27%
Basic Earnings Per Share $0.01 -$1.18 $0.09
Diluted Earnings Per Share $0.01 -$1.18 $0.09
COMMON SHARES
Basic Shares Outstanding 180.0M shares 164.2M shares 164.2M shares
Diluted Shares Outstanding 180.8M shares 164.6M shares

Balance Sheet

Concept 2016 Q2 2015 Q4 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00M $18.00M $72.00M
YoY Change -86.11% -73.53% 350.0%
Cash & Equivalents $10.20M $18.00M $72.00M
Short-Term Investments
Other Short-Term Assets $5.000M $17.00M $14.00M
YoY Change -64.29% 0.0%
Inventory $40.00M $42.00M $71.00M
Prepaid Expenses
Receivables $68.50M $37.50M $67.40M
Other Receivables $73.00M $111.0M $111.0M
Total Short-Term Assets $491.9M $493.7M $714.7M
YoY Change -31.17% -23.79% 48.12%
LONG-TERM ASSETS
Property, Plant & Equipment $6.160B $5.667B $5.551B
YoY Change 10.99% 12.37% 26.6%
Goodwill $1.541B $2.414B $3.731B
YoY Change -58.69% -34.49% 1.02%
Intangibles $1.667B $689.9M $840.5M
YoY Change 98.3% 29.44% 57.57%
Long-Term Investments $299.7M $274.3M $261.2M
YoY Change 14.74% 1.29% -6.25%
Other Assets $2.300M $2.700M $25.50M
YoY Change -90.98% -84.66% 264.29%
Total Long-Term Assets $9.670B $9.048B $10.41B
YoY Change -7.14% -5.35% 17.05%
TOTAL ASSETS
Total Short-Term Assets $491.9M $493.7M $714.7M
Total Long-Term Assets $9.670B $9.048B $10.41B
Total Assets $10.16B $9.541B $11.13B
YoY Change -8.68% -6.52% 18.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.00M $33.20M $39.10M
YoY Change 17.65% -69.43% -45.16%
Accrued Expenses $146.1M $174.8M $163.0M
YoY Change -10.37% 14.77% 115.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $691.4M $432.4M $543.5M
YoY Change 27.21% -10.77% 18.56%
LONG-TERM LIABILITIES
Long-Term Debt $3.364B $3.066B $2.827B
YoY Change 18.99% 51.59% 68.76%
Other Long-Term Liabilities $57.00M $65.90M $75.20M
YoY Change -24.2% -21.36% -18.79%
Total Long-Term Liabilities $3.421B $3.132B $2.902B
YoY Change 17.87% 48.69% 64.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $691.4M $432.4M $543.5M
Total Long-Term Liabilities $3.421B $3.132B $2.902B
Total Liabilities $4.113B $3.564B $3.446B
YoY Change 19.34% 37.57% 54.78%
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 $1.970B $2.286B $2.744B
YoY Change
Total Liabilities & Shareholders Equity $10.16B $9.541B $11.13B
YoY Change -8.68% -6.52% 18.65%

Cashflow Statement

Concept 2016 Q2 2015 Q4 2015 Q2
OPERATING ACTIVITIES
Net Income $800.0K -$195.0M $16.20M
YoY Change -95.06% -763.27% -39.33%
Depreciation, Depletion And Amortization $124.9M $98.20M $97.70M
YoY Change 27.84% 14.59% 30.27%
Cash From Operating Activities $109.8M $136.8M $106.3M
YoY Change 3.29% 38.32% 25.5%
INVESTING ACTIVITIES
Capital Expenditures -$152.8M -$122.0M -$188.1M
YoY Change -18.77% -52.33% -21.26%
Acquisitions
YoY Change
Other Investing Activities -$20.00M -$201.0M -$7.900M
YoY Change 153.16% -1.52% -90.0%
Cash From Investing Activities -$172.8M -$323.0M -$196.0M
YoY Change -11.84% -29.78% -38.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 67.40M 121.7M 51.90M
YoY Change 29.87% -68.79% 86.02%
NET CHANGE
Cash From Operating Activities 109.8M 136.8M 106.3M
Cash From Investing Activities -172.8M -323.0M -196.0M
Cash From Financing Activities 67.40M 121.7M 51.90M
Net Change In Cash 4.400M -64.50M -37.80M
YoY Change -111.64% -323.18% -81.59%
FREE CASH FLOW
Cash From Operating Activities $109.8M $136.8M $106.3M
Capital Expenditures -$152.8M -$122.0M -$188.1M
Free Cash Flow $262.6M $258.8M $294.4M
YoY Change -10.8% -27.06% -9.02%

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us-gaap Depreciation And Amortization
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189000000 USD
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5300000 USD
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5300000 USD
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2900000 USD
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5800000 USD
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100000 USD
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0 USD
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500000 USD
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2900000 USD
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5800000 USD
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100000 USD
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us-gaap Distributed Earnings
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46400000 USD
us-gaap Distributed Earnings
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92500000 USD
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us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
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92700000 USD
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0.245
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0.25
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0.255
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0.255
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us-gaap Earnings Per Share Basic
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0.19
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0.01
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0.09
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0.01
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10300000 USD
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1500000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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4600000 USD
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1800000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3700000 USD
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10300000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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54600000 USD
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112100000 USD
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1141500000 USD
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58400000 USD
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116700000 USD
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116700000 USD
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116700000 USD
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116700000 USD
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us-gaap Finitelived Intangible Assets Acquired1
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1200000 USD
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1400000 USD
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0 USD
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us-gaap Gain Loss On Disposition Of Assets
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0 USD
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28100000 USD
us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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us-gaap Gross Profit
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us-gaap Gross Profit
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CY2016Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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26600000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
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1
us-gaap Limited Liability Company Or Limited Partnership Managing Member Or General Partner Name
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EnLink Midstream Partners GP, LLC
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186100000 USD
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277000000 USD
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us-gaap Net Income Loss
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10600000 USD
us-gaap Net Income Loss Allocated To General Partners
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Nonoperating Income Expense
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us-gaap Operating Costs And Expenses
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100100000 USD
us-gaap Operating Costs And Expenses
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198300000 USD
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us-gaap Operating Income Loss
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us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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CY2015Q2 us-gaap Other Tax Expense Benefit
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us-gaap Other Tax Expense Benefit
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CY2016Q2 us-gaap Other Tax Expense Benefit
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us-gaap Other Tax Expense Benefit
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Equity Method Investments
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41800000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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349200000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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CY2016Q1 us-gaap Preferred Units Issued
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us-gaap Profit Loss
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us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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14800000 USD
CY2015Q2 us-gaap Property Plant And Equipment Additions
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us-gaap Proceeds From Issuance Of Common Limited Partners Units
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4100000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
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52300000 USD
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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2327400000 USD
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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847100000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
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724100000 USD
us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
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0 USD
us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
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724100000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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us-gaap Proceeds From Minority Shareholders
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5900000 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
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us-gaap Proceeds From Repayments Of Bank Overdrafts
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100000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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800000 USD
CY2015Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Property Plant And Equipment Additions
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CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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6500000 USD
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6500000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Repayments Of Long Term Capital Lease Obligations
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2100000 USD
us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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549100000 USD
CY2015Q2 us-gaap Revenues
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us-gaap Revenues
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2215000000 USD
CY2016Q2 us-gaap Revenues
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us-gaap Revenues
Revenues
1922900000 USD
CY2015Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
956200000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1626900000 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
738300000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1326800000 USD
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
135900000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
238300000 USD
CY2016Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
108300000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
222800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
15400000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
5000000 shares
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
14070000 shares
CY2016Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
15.00
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
214900000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
2285700000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
1970200000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5424900000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5280300000 USD
CY2015Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
268800000 USD
CY2016Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
295700000 USD
CY2015Q2 us-gaap Undistributed Earnings
UndistributedEarnings
26900000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
51000000 USD
CY2016Q2 us-gaap Undistributed Earnings
UndistributedEarnings
45600000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
549300000 USD
CY2015Q4 us-gaap Unsecured Debt
UnsecuredDebt
2674800000 USD
CY2016Q2 us-gaap Unsecured Debt
UnsecuredDebt
2674800000 USD
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
400000 shares
CY2016Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
800000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
164600000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
180800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
179400000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
164200000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
179400000 shares

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0001592000-16-000033.txt Edgar Link pending
0001592000-16-000033-xbrl.zip Edgar Link pending
enlc-20160630.xml Edgar Link completed
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enlc-20160630_cal.xml Edgar Link unprocessable
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