2016 Q1 Form 10-Q Financial Statement

#000140658716000083 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $37.62M $37.37M
YoY Change 0.65% -55.83%
Cost Of Revenue $19.00M $19.40M
YoY Change -2.06% -60.89%
Gross Profit $18.58M $18.01M
YoY Change 3.15% -48.57%
Gross Profit Margin 49.39% 48.19%
Selling, General & Admin $6.500M $8.100M
YoY Change -19.75% 58.82%
% of Gross Profit 34.99% 44.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.785M $11.33M
YoY Change -57.75% 52.24%
% of Gross Profit 25.75% 62.87%
Operating Expenses $18.60M $21.40M
YoY Change -13.08% 12.04%
Operating Profit $13.59M -$3.424M
YoY Change -496.9% -121.56%
Interest Expense $7.639M $8.821M
YoY Change -13.4% 60.29%
% of Operating Profit 56.21%
Other Income/Expense, Net
YoY Change
Pretax Income $5.992M -$8.204M
YoY Change -173.04% -160.04%
Income Tax $2.152M -$4.359M
% Of Pretax Income 35.91%
Net Earnings -$4.376M -$8.158M
YoY Change -46.36% -197.89%
Net Earnings / Revenue -11.63% -21.83%
Basic Earnings Per Share -$0.13 -$0.24
Diluted Earnings Per Share -$0.10 -$0.24
COMMON SHARES
Basic Shares Outstanding 34.30M shares 34.17M shares
Diluted Shares Outstanding 42.32M shares 34.17M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $142.6M $126.3M
YoY Change 12.91% -14.66%
Cash & Equivalents $142.6M $126.3M
Short-Term Investments
Other Short-Term Assets $3.600M $3.400M
YoY Change 5.88% -39.29%
Inventory $106.5M
Prepaid Expenses
Receivables $8.200M $13.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $260.9M $143.6M
YoY Change 81.69% -16.27%
LONG-TERM ASSETS
Property, Plant & Equipment $10.20M $11.10M
YoY Change -8.19% 76.96%
Goodwill $53.92M $63.42M
YoY Change -14.98% -1.66%
Intangibles $1.941M $2.468M
YoY Change -21.35% 15.92%
Long-Term Investments $79.01M $65.38M
YoY Change 20.85% 29.57%
Other Assets $44.60M
YoY Change 13.78%
Total Long-Term Assets $687.2M $1.093B
YoY Change -37.15% 12.52%
TOTAL ASSETS
Total Short-Term Assets $260.9M $143.6M
Total Long-Term Assets $687.2M $1.093B
Total Assets $948.1M $1.237B
YoY Change -23.36% 8.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.600M $11.10M
YoY Change -22.52% -29.75%
Accrued Expenses $28.70M $47.40M
YoY Change -39.45% 21.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $49.30M $68.60M
YoY Change -28.13% 21.42%
LONG-TERM LIABILITIES
Long-Term Debt $372.8M $434.4M
YoY Change -14.18% 25.77%
Other Long-Term Liabilities $25.50M $30.50M
YoY Change -16.39% 58.85%
Total Long-Term Liabilities $398.3M $464.9M
YoY Change -14.33% 27.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $49.30M $68.60M
Total Long-Term Liabilities $398.3M $464.9M
Total Liabilities $447.6M $533.6M
YoY Change -16.12% 26.71%
SHAREHOLDERS EQUITY
Retained Earnings -$50.42M $158.8M
YoY Change -131.74% 0.06%
Common Stock $596.8M $595.5M
YoY Change 0.21% 0.71%
Preferred Stock
YoY Change
Treasury Stock (at cost) $48.34M $53.12M
YoY Change -9.01% 67.17%
Treasury Stock Shares 3.038M shares 3.328M shares
Shareholders Equity $498.0M $701.3M
YoY Change
Total Liabilities & Shareholders Equity $948.1M $1.237B
YoY Change -23.36% 8.2%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$4.376M -$8.158M
YoY Change -46.36% -197.89%
Depreciation, Depletion And Amortization $4.785M $11.33M
YoY Change -57.75% 52.24%
Cash From Operating Activities $5.009M -$18.77M
YoY Change -126.69% -438.55%
INVESTING ACTIVITIES
Capital Expenditures -$3.900M -$26.50M
YoY Change -85.28% 9.96%
Acquisitions
YoY Change
Other Investing Activities $55.40M $1.800M
YoY Change 2977.78%
Cash From Investing Activities $51.45M -$24.70M
YoY Change -308.27% -12.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $11.19M $2.463M
YoY Change 354.12% -84.32%
Cash From Financing Activities -$10.25M -$396.0K
YoY Change 2489.39% -98.17%
NET CHANGE
Cash From Operating Activities $5.009M -$18.77M
Cash From Investing Activities $51.45M -$24.70M
Cash From Financing Activities -$10.25M -$396.0K
Net Change In Cash $46.20M -$43.87M
YoY Change -205.33% -1.04%
FREE CASH FLOW
Cash From Operating Activities $5.009M -$18.77M
Capital Expenditures -$3.900M -$26.50M
Free Cash Flow $8.909M $7.734M
YoY Change 15.19% -73.91%

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CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
972246000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
948052000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2016Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
751000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
381515000 USD
CY2016Q1 us-gaap Long Term Debt
LongTermDebt
372759000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
2515000 USD
CY2016Q1 us-gaap Minority Interest
MinorityInterest
2424000 USD
CY2016Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
171000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-396000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10254000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24703000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
51449000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-18766000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5009000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-8158000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-4376000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-79000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
80000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8158000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4376000 USD
CY2016Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2015Q4 us-gaap Oil And Gas Joint Interest Billing Receivables
OilAndGasJointInterestBillingReceivables
867000 USD
CY2016Q1 us-gaap Oil And Gas Joint Interest Billing Receivables
OilAndGasJointInterestBillingReceivables
777000 USD
CY2015Q1 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
11542000 USD
CY2016Q1 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
5194000 USD
CY2015Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
58242000 USD
CY2016Q1 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
44746000 USD
CY2015Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
80613000 USD
CY2016Q1 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
42380000 USD
CY2015Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
13185000 USD
CY2016Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
5352000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-7737000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
596000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
23481000 USD
CY2016Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
17718000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
5555000 USD
CY2016Q1 us-gaap Other Assets
OtherAssets
4756000 USD
CY2015Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
18060000 USD
CY2016Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
13414000 USD
CY2015Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
920000 USD
CY2016Q1 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
385000 USD
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
26323000 USD
CY2016Q1 us-gaap Other Liabilities
OtherLiabilities
24748000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1730000 USD
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1820000 USD
CY2015Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
917000 USD
CY2016Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
74000 USD
CY2015Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1790000 USD
CY2016Q1 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
438000 USD
CY2016Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
3198000 USD
CY2015Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6000 USD
CY2016Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2015Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
723000 USD
CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
205000 USD
CY2015Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
34769000 USD
CY2016Q1 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
14794000 USD
CY2015Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
831000 USD
CY2016Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3019000 USD
CY2015Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
23718000 USD
CY2016Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
426000 USD
CY2015Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2809000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
3501000 USD
CY2015Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
338000 USD
CY2016Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
171000 USD
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3213000 USD
CY2016Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3570000 USD
CY2015Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
655000 USD
CY2016Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1567000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3119000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1307000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
32227000 USD
CY2015Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
2000000 USD
CY2016Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
56828000 USD
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14000 USD
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
-8237000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
-4296000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10732000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10195000 USD
CY2015Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
119414000 USD
CY2016Q1 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
75673000 USD
CY2015Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
32129000 USD
CY2016Q1 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
0 USD
CY2016Q1 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
105987000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
618844000 USD
CY2016Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
471353000 USD
CY2015Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
32830000 USD
CY2016Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
36098000 USD
CY2015Q1 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
-4130000 USD
CY2016Q1 us-gaap Recovery Of Direct Costs
RecoveryOfDirectCosts
-306000 USD
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2463000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11185000 USD
CY2016Q1 us-gaap Restructuring Charges
RestructuringCharges
2563000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
1049000 USD
CY2016Q1 us-gaap Restructuring Reserve
RestructuringReserve
414000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-46046000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-50422000 USD
CY2015Q1 us-gaap Sales Of Real Estate
SalesOfRealEstate
21961000 USD
CY2016Q1 us-gaap Sales Of Real Estate
SalesOfRealEstate
26408000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
47805000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
41888000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3342000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1380000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
517000 USD
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
600000 USD
CY2015Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
48636 shares
CY2016Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
23691 shares
CY2015Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
157201 shares
CY2016Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
165167 shares
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
501600000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
498044000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
504115000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
500468000 USD
CY2015Q4 us-gaap Timber And Timberlands
TimberAndTimberlands
7683000 USD
CY2016Q1 us-gaap Timber And Timberlands
TimberAndTimberlands
7694000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3203768 shares
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
3037601 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
51151000 USD
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
48340000 USD
CY2015Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2016Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2015Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
19441000 USD
CY2016Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
11453000 USD
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34168000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34302000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34168000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34302000 shares

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