2015 Q1 Form 10-Q Financial Statement

#000140658715000029 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $37.37M $84.61M
YoY Change -55.83% -13.2%
Cost Of Revenue $19.40M $49.60M
YoY Change -60.89% -19.48%
Gross Profit $18.01M $35.03M
YoY Change -48.57% -2.43%
Gross Profit Margin 48.19% 41.4%
Selling, General & Admin $8.100M $5.100M
YoY Change 58.82% -51.43%
% of Gross Profit 44.97% 14.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.33M $7.439M
YoY Change 52.24% 18.23%
% of Gross Profit 62.87% 21.24%
Operating Expenses $21.40M $19.10M
YoY Change 12.04% -27.65%
Operating Profit -$3.424M $15.88M
YoY Change -121.56% 66.84%
Interest Expense $8.821M $5.503M
YoY Change 60.29% 21.24%
% of Operating Profit 34.65%
Other Income/Expense, Net
YoY Change
Pretax Income -$8.204M $13.67M
YoY Change -160.04% 94.24%
Income Tax -$4.359M $4.658M
% Of Pretax Income 34.09%
Net Earnings -$8.158M $8.334M
YoY Change -197.89% 110.93%
Net Earnings / Revenue -21.83% 9.85%
Basic Earnings Per Share -$0.24 $0.20
Diluted Earnings Per Share -$0.24 $0.19
COMMON SHARES
Basic Shares Outstanding 34.17M shares 35.58M shares
Diluted Shares Outstanding 34.17M shares 43.91M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $126.3M $148.0M
YoY Change -14.66% 70.7%
Cash & Equivalents $126.3M $148.0M
Short-Term Investments
Other Short-Term Assets $3.400M $5.600M
YoY Change -39.29% -20.0%
Inventory
Prepaid Expenses
Receivables $13.90M $17.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $143.6M $171.5M
YoY Change -16.27% 34.19%
LONG-TERM ASSETS
Property, Plant & Equipment $11.10M $6.275M
YoY Change 76.96% 34.02%
Goodwill $63.42M $64.49M
YoY Change -1.66%
Intangibles $2.468M $2.129M
YoY Change 15.92%
Long-Term Investments $65.38M $50.46M
YoY Change 29.57% 20.46%
Other Assets $44.60M $39.20M
YoY Change 13.78% -10.09%
Total Long-Term Assets $1.093B $971.7M
YoY Change 12.52% 15.02%
TOTAL ASSETS
Total Short-Term Assets $143.6M $171.5M
Total Long-Term Assets $1.093B $971.7M
Total Assets $1.237B $1.143B
YoY Change 8.2% 17.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.10M $15.80M
YoY Change -29.75% -29.46%
Accrued Expenses $47.40M $39.00M
YoY Change 21.54% 75.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $68.60M $56.50M
YoY Change 21.42% 22.83%
LONG-TERM LIABILITIES
Long-Term Debt $434.4M $345.4M
YoY Change 25.77% 5.11%
Other Long-Term Liabilities $30.50M $19.20M
YoY Change 58.85% -47.68%
Total Long-Term Liabilities $464.9M $364.6M
YoY Change 27.51% -0.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $68.60M $56.50M
Total Long-Term Liabilities $464.9M $364.6M
Total Liabilities $533.6M $421.1M
YoY Change 26.71% 2.36%
SHAREHOLDERS EQUITY
Retained Earnings $158.8M $158.8M
YoY Change 0.06% 26.95%
Common Stock $595.5M $591.4M
YoY Change 0.71% 26.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $53.12M $31.78M
YoY Change 67.17% -11.46%
Treasury Stock Shares 3.328M shares 2.032M shares
Shareholders Equity $701.3M $718.3M
YoY Change
Total Liabilities & Shareholders Equity $1.237B $1.143B
YoY Change 8.2% 17.54%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$8.158M $8.334M
YoY Change -197.89% 110.93%
Depreciation, Depletion And Amortization $11.33M $7.439M
YoY Change 52.24% 18.23%
Cash From Operating Activities -$18.77M $5.543M
YoY Change -438.55% -83.35%
INVESTING ACTIVITIES
Capital Expenditures -$26.50M -$24.10M
YoY Change 9.96% 73.38%
Acquisitions
YoY Change
Other Investing Activities $1.800M $0.00
YoY Change -100.0%
Cash From Investing Activities -$24.70M -$28.19M
YoY Change -12.38% 108.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.463M $15.71M
YoY Change -84.32% -82.69%
Cash From Financing Activities -$396.0K -$21.68M
YoY Change -98.17% -138.37%
NET CHANGE
Cash From Operating Activities -$18.77M $5.543M
Cash From Investing Activities -$24.70M -$28.19M
Cash From Financing Activities -$396.0K -$21.68M
Net Change In Cash -$43.87M -$44.33M
YoY Change -1.04% -158.1%
FREE CASH FLOW
Cash From Operating Activities -$18.77M $5.543M
Capital Expenditures -$26.50M -$24.10M
Free Cash Flow $7.734M $29.64M
YoY Change -73.91% -37.19%

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CY2014Q4 us-gaap Liabilities
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CY2014Q4 us-gaap Liabilities And Stockholders Equity
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CY2014Q4 us-gaap Minority Interest
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CY2015Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
338000 USD
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CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
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NetCashProvidedByUsedInInvestingActivities
-28194000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24703000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5543000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
8334000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
673000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-79000 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7039000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8158000 USD
CY2015Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2014Q4 us-gaap Oil And Gas Joint Interest Billing Receivables
OilAndGasJointInterestBillingReceivables
5738000 USD
CY2015Q1 us-gaap Oil And Gas Joint Interest Billing Receivables
OilAndGasJointInterestBillingReceivables
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CY2014Q1 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
12620000 USD
CY2015Q1 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
11542000 USD
CY2014Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
48252000 USD
CY2015Q1 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
55418000 USD
CY2014Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
263493000 USD
CY2015Q1 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
279954000 USD
CY2014Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
17554000 USD
CY2015Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
13185000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
15883000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-7737000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
35729000 USD
CY2015Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
33964000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
19029000 USD
CY2015Q1 us-gaap Other Assets
OtherAssets
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CY2014Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
13997000 USD
CY2015Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
18060000 USD
CY2014Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
776000 USD
CY2015Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
920000 USD
CY2014Q4 us-gaap Other Liabilities
OtherLiabilities
31799000 USD
CY2015Q1 us-gaap Other Liabilities
OtherLiabilities
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CY2014Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-615000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2014Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2294000 USD
CY2015Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
917000 USD
CY2014Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1571000 USD
CY2015Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1790000 USD
CY2015Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
3644000 USD
CY2014Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2015Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6000 USD
CY2014Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
879000 USD
CY2015Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
723000 USD
CY2014Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
7971000 USD
CY2015Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
0 USD
CY2014Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
35035000 USD
CY2015Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
34769000 USD
CY2014Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
4293000 USD
CY2015Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
831000 USD
CY2014Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
4293000 USD
CY2015Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
831000 USD
CY2014Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
19357000 USD
CY2015Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
23718000 USD
CY2014Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4699000 USD
CY2015Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2809000 USD
CY2014Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
498000 USD
CY2015Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
338000 USD
CY2014Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
6000000 USD
CY2015Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3379000 USD
CY2014Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
155000 USD
CY2015Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
655000 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2608000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3119000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
0 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11627000 USD
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11104000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
2000000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
754000 USD
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
9007000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
-8237000 USD
CY2014Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
221299000 USD
CY2015Q1 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
249601000 USD
CY2014Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
31377000 USD
CY2015Q1 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
32129000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
192678000 USD
CY2015Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
196348000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
161301000 USD
CY2015Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
164219000 USD
CY2014Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
65480000 USD
CY2015Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
32830000 USD
CY2014Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
132000 USD
CY2015Q1 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
-81000 USD
CY2014Q1 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
-1536000 USD
CY2015Q1 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
-4130000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
15711000 USD
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2463000 USD
CY2015Q1 us-gaap Restructuring Charges
RestructuringCharges
2818000 USD
CY2014Q4 us-gaap Restructuring Reserve
RestructuringReserve
2367000 USD
CY2015Q1 us-gaap Restructuring Reserve
RestructuringReserve
1541000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
167001000 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
158843000 USD
CY2014Q1 us-gaap Sales Of Real Estate
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55547000 USD
CY2015Q1 us-gaap Sales Of Real Estate
SalesOfRealEstate
21961000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
84605000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
47805000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
313000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3342000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
760000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
517000 USD
CY2014Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
46314 shares
CY2015Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
48636 shares
CY2014Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
167747 shares
CY2015Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
157201 shares
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
707202000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
701266000 USD
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
3328077 shares
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
709742000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
703389000 USD
CY2014Q4 us-gaap Timber And Timberlands
TimberAndTimberlands
8315000 USD
CY2015Q1 us-gaap Timber And Timberlands
TimberAndTimberlands
8430000 USD
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3485278 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
55691000 USD
CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
53124000 USD
CY2014Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1295000 USD
CY2015Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2014Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
90446000 USD
CY2015Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
85771000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43913000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34168000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35576000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34168000 shares

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