2012 Q1 Form 10-Q Financial Statement
#000110465912034872 Filed on May 09, 2012
Income Statement
| Concept | 2012 Q1 | 2011 Q1 |
|---|---|---|
| Revenue | $3.975B | $3.551B |
| YoY Change | 11.95% | 80.74% |
| Cost Of Revenue | $3.920B | $3.495B |
| YoY Change | 12.17% | 82.31% |
| Gross Profit | $55.32M | $56.25M |
| YoY Change | -1.66% | 17.68% |
| Gross Profit Margin | 1.39% | 1.58% |
| Selling, General & Admin | $22.47M | $21.11M |
| YoY Change | 6.43% | 27.17% |
| % of Gross Profit | 40.61% | 37.53% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $9.216M | $7.500M |
| YoY Change | 22.88% | 102.7% |
| % of Gross Profit | 16.66% | 13.33% |
| Operating Expenses | $47.40M | $40.08M |
| YoY Change | 18.27% | 54.74% |
| Operating Profit | $7.920M | $16.17M |
| YoY Change | -51.03% | -26.15% |
| Interest Expense | $9.320M | $7.880M |
| YoY Change | 18.27% | -292.2% |
| % of Operating Profit | 117.68% | 48.72% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$1.400M | $8.293M |
| YoY Change | -116.88% | -53.41% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | 0.0% | |
| Net Earnings | -$1.400M | $8.300M |
| YoY Change | -116.87% | -52.3% |
| Net Earnings / Revenue | -0.04% | 0.23% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$59.32K | $402.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2012 Q1 | 2011 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $7.500M | $5.800M |
| YoY Change | 29.31% | 625.0% |
| Cash & Equivalents | $7.462M | $5.800M |
| Short-Term Investments | ||
| Other Short-Term Assets | $131.6M | $59.50M |
| YoY Change | 121.18% | 2.23% |
| Inventory | $671.9M | $618.3M |
| Prepaid Expenses | ||
| Receivables | $543.3M | $480.7M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $1.354B | $1.164B |
| YoY Change | 16.3% | 50.28% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $728.8M | $418.5M |
| YoY Change | 74.15% | 164.54% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $13.60M | $11.50M |
| YoY Change | 18.26% | 721.43% |
| Total Long-Term Assets | $807.5M | $468.9M |
| YoY Change | 72.22% | 150.08% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.354B | $1.164B |
| Total Long-Term Assets | $807.5M | $468.9M |
| Total Assets | $2.162B | $1.633B |
| YoY Change | 32.35% | 69.73% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $463.6M | $337.2M |
| YoY Change | 37.49% | 79.74% |
| Accrued Expenses | $36.80M | $28.30M |
| YoY Change | 30.04% | -60.36% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $112.8M | $178.7M |
| YoY Change | -36.88% | 62.75% |
| Total Short-Term Liabilities | $724.5M | $626.4M |
| YoY Change | 15.66% | 59.92% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $926.8M | $614.3M |
| YoY Change | 50.87% | 103.01% |
| Other Long-Term Liabilities | $76.20M | $46.20M |
| YoY Change | 64.94% | 167.05% |
| Total Long-Term Liabilities | $1.003B | $660.5M |
| YoY Change | 51.85% | 106.47% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $724.5M | $626.4M |
| Total Long-Term Liabilities | $1.003B | $660.5M |
| Total Liabilities | $1.727B | $1.287B |
| YoY Change | 34.23% | 80.86% |
| 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 | $434.2M | $346.4M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.162B | $1.633B |
| YoY Change | 32.35% | 69.73% |
Cashflow Statement
| Concept | 2012 Q1 | 2011 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$1.400M | $8.300M |
| YoY Change | -116.87% | -52.3% |
| Depreciation, Depletion And Amortization | $9.216M | $7.500M |
| YoY Change | 22.88% | 102.7% |
| Cash From Operating Activities | -$41.80M | -$60.00M |
| YoY Change | -30.33% | -231.87% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$5.200M | -$2.200M |
| YoY Change | 136.36% | 15.79% |
| Acquisitions | $184.5M | |
| YoY Change | ||
| Other Investing Activities | -$184.5M | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$189.7M | -$2.200M |
| YoY Change | 8522.73% | 15.79% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 234.6M | 65.60M |
| YoY Change | 257.62% | -250.8% |
| NET CHANGE | ||
| Cash From Operating Activities | -41.80M | -60.00M |
| Cash From Investing Activities | -189.7M | -2.200M |
| Cash From Financing Activities | 234.6M | 65.60M |
| Net Change In Cash | 3.100M | 3.400M |
| YoY Change | -8.82% | 3300.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$41.80M | -$60.00M |
| Capital Expenditures | -$5.200M | -$2.200M |
| Free Cash Flow | -$36.60M | -$57.80M |
| YoY Change | -36.68% | -221.94% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
24110000 | USD |
| CY2011Q4 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
27303000 | USD |
| CY2011Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
|
20643000 | shares |
| CY2011Q1 | us-gaap |
Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
|
20424000 | shares |
| CY2011Q1 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossPerOutstandingLimitedPartnershipUnitDiluted
|
0.39 | |
| CY2011Q1 | us-gaap |
Net Income Loss Per Outstanding Limited Partnership Unit
NetIncomeLossPerOutstandingLimitedPartnershipUnit
|
0.40 | |
| CY2011Q1 | us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
8093000 | USD |
| CY2011Q1 | us-gaap |
Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
|
-200000 | USD |
| CY2012Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2161743000 | USD |
| CY2011Q4 | us-gaap |
Limited Partners Capital Account
LimitedPartnersCapitalAccount
|
336103000 | USD |
| CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
1553562000 | USD |
| CY2011Q4 | glp |
Revolving Credit Facility
RevolvingCreditFacility
|
205000000 | USD |
| CY2011Q4 | glp |
Working Capital Revolving Credit Facility Noncurrent
WorkingCapitalRevolvingCreditFacilityNoncurrent
|
526095000 | USD |
| CY2011Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
771054000 | USD |
| CY2011Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
11707000 | USD |
| CY2011Q4 | glp |
Trustee Taxes Payable Current
TrusteeTaxesPayableCurrent
|
76523000 | USD |
| CY2012Q1 | us-gaap |
Partners Capital
PartnersCapital
|
434245000 | USD |
| CY2011Q4 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
2936000 | USD |
| CY2011Q4 | glp |
Working Capital Revolving Credit Facility Current
WorkingCapitalRevolvingCreditFacilityCurrent
|
62805000 | USD |
| CY2011Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
575776000 | USD |
| CY2011Q4 | us-gaap |
Assets
Assets
|
1868851000 | USD |
| CY2011Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
10427000 | USD |
| CY2011Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
36710000 | USD |
| CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
408850000 | USD |
| CY2011Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1412864000 | USD |
| CY2011Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
61561000 | USD |
| CY2011Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
15450000 | USD |
| CY2012Q1 | us-gaap |
Liabilities
Liabilities
|
1727498000 | USD |
| CY2011Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
43935000 | USD |
| CY2011Q4 | us-gaap |
Inventory Net
InventoryNet
|
664144000 | USD |
| CY2011Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
1776000 | USD |
| CY2011Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
621670000 | USD |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4328000 | USD |
| CY2012Q1 | us-gaap |
Assets
Assets
|
2161743000 | USD |
| CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1868851000 | USD |
| CY2011Q4 | us-gaap |
Partners Capital
PartnersCapital
|
315289000 | USD |
| CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-20495000 | USD |
| CY2011Q4 | us-gaap |
General Partners Capital Account
GeneralPartnersCapitalAccount
|
-319000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
8293000 | USD |
| CY2011Q1 | us-gaap |
Interest Expense
InterestExpense
|
7880000 | USD |
| CY2011Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
16173000 | USD |
| CY2011Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
40077000 | USD |
| CY2011Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1163000 | USD |
| CY2011Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
17804000 | USD |
| CY2011Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
21110000 | USD |
| CY2011Q1 | us-gaap |
Gross Profit
GrossProfit
|
56250000 | USD |
| CY2011Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
3551072000 | USD |
| CY2012Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
47399000 | USD |
