2018 Q1 Form 10-Q Financial Statement
#000172697818000005 Filed on June 07, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q4 | 2017 Q1 |
---|---|---|---|
Revenue | $14.59M | $11.13M | $9.891M |
YoY Change | 47.5% | ||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $9.490M | $6.950M | |
YoY Change | 36.55% | ||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $337.0K | $580.0K | $137.7K |
YoY Change | 144.81% | ||
% of Gross Profit | |||
Operating Expenses | $9.826M | $7.091M | |
YoY Change | 38.57% | ||
Operating Profit | $4.763M | $1.116M | $2.800M |
YoY Change | 70.11% | ||
Interest Expense | $995.0K | $532.7K | |
YoY Change | 86.78% | ||
% of Operating Profit | 20.89% | 19.03% | |
Other Income/Expense, Net | $0.00 | ||
YoY Change | |||
Pretax Income | $3.768M | $2.270M | |
YoY Change | 65.99% | ||
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | 0.0% | 0.0% | |
Net Earnings | $0.00 | $376.0K | $2.267M |
YoY Change | -100.0% | ||
Net Earnings / Revenue | 0.0% | 3.38% | 22.92% |
Basic Earnings Per Share | $0.08 | ||
Diluted Earnings Per Share | $0.08 | $0.00 | |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2018 Q1 | 2017 Q4 | 2017 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $6.332M | $4.948M | $4.630M |
Short-Term Investments | |||
Other Short-Term Assets | $3.213M | $0.00 | |
YoY Change | |||
Inventory | |||
Prepaid Expenses | $740.1K | $521.0K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $13.24M | $7.719M | |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.867M | $6.845M | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | $235.9K | $216.0K | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $179.1K | $565.0K | |
YoY Change | |||
Total Long-Term Assets | $21.56M | $8.987M | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $13.24M | $7.719M | |
Total Long-Term Assets | $21.56M | $8.987M | |
Total Assets | $34.80M | $16.71M | $10.00M |
YoY Change | 247.87% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.900M | ||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | $1.062M | ||
YoY Change | |||
Short-Term Debt | $0.00 | ||
YoY Change | |||
Long-Term Debt Due | $500.0K | $500.0K | |
YoY Change | |||
Total Short-Term Liabilities | $7.271M | $5.767M | |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $48.08M | $48.16M | |
YoY Change | |||
Other Long-Term Liabilities | $4.700M | ||
YoY Change | |||
Total Long-Term Liabilities | $48.08M | $48.16M | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $7.271M | $5.767M | |
Total Long-Term Liabilities | $48.08M | $48.16M | |
Total Liabilities | $59.57M | $57.84M | |
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | $0.00 | ||
YoY Change | |||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$37.40M | -$41.13M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $22.20M | $16.71M | |
YoY Change |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q4 | 2017 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $0.00 | $376.0K | $2.267M |
YoY Change | -100.0% | ||
Depreciation, Depletion And Amortization | $337.0K | $580.0K | $137.7K |
YoY Change | 144.81% | ||
Cash From Operating Activities | $2.575M | $6.060M | $1.490M |
YoY Change | 72.83% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $334.0K | -$5.480M | $79.83K |
YoY Change | 318.37% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $10.00K | $280.0K | $0.00 |
YoY Change | |||
Cash From Investing Activities | -$373.0K | -$5.200M | -$96.08K |
YoY Change | 288.23% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $550.0K | $500.0K | |
YoY Change | 10.0% | ||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$626.0K | -3.590M | -$542.0K |
YoY Change | 15.5% | ||
NET CHANGE | |||
Cash From Operating Activities | $2.575M | 6.060M | $1.490M |
Cash From Investing Activities | -$373.0K | -5.200M | -$96.08K |
Cash From Financing Activities | -$626.0K | -3.590M | -$542.0K |
Net Change In Cash | $1.576M | -2.730M | $851.8K |
YoY Change | 85.02% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | $2.575M | $6.060M | $1.490M |
Capital Expenditures | $334.0K | -$5.480M | $79.83K |
Free Cash Flow | $2.241M | $11.54M | $1.410M |
YoY Change | 58.93% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2018Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | |
CY2018Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-03-31 | |
CY2018Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2018Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2018Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2018Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2018Q1 | dei |
Entity Central Index Key
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Entity Filer Category
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Non-accelerated Filer | |
CY2018Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Goosehead Insurance, Inc. | |
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Accounts Receivable Net Current Commissions And Agency Fees Receivable
AccountsReceivableNetCurrentCommissionsAndAgencyFeesReceivable
|
1268172 | USD |
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Accounts Receivable Net Current Commissions And Agency Fees Receivable
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|
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Accounts Receivable Net Current Franchise Receivable
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|
564087 | USD |
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Accounts Receivable Net Current Franchise Receivable
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|
579681 | USD |
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Accounts Receivable Net Noncurrent Franchise Receivable
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|
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Accounts Receivable Net Noncurrent Franchise Receivable
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|
1679478 | USD |
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Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
|
2937821 | USD |
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Earnings Before Interest Taxes Depreciation And Amortization
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|
5100147 | USD |
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Increase Decrease In Accounts Receivable Commissions And Agency Fees Receivable
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Increase Decrease In Accounts Receivable Commissions And Agency Fees Receivable
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Increase Decrease In Accounts Receivable Franchise Receivable
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|
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|
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Increase Decrease In Deferred Rent Credit
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Increase Decrease In Premiums Payable
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Increase Decrease In Premiums Payable
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Number Of Corporate Owned Locations
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|
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Operating Expenses Excluding Depreciation Depletion And Amortization
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Operating Expenses Excluding Depreciation Depletion And Amortization
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Allocated Share Based Compensation Expense
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Allocated Share Based Compensation Expense
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Amortization Of Financing Costs
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Amortization Of Financing Costs
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Assets
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Basic Earnings Per Share Pro Forma
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|
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Basic Earnings Per Share Pro Forma
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0.08 | |
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Cash And Cash Equivalents At Carrying Value
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Cash And Cash Equivalents Period Increase Decrease
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Cash And Cash Equivalents Period Increase Decrease
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Commitments And Contingencies
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Commitments And Contingencies
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Debt Instrument Carrying Amount
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Depreciation Depletion And Amortization
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Depreciation Depletion And Amortization
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Diluted Earnings Per Share Pro Forma
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Diluted Earnings Per Share Pro Forma
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Dividends
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|
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Increase Decrease In Deferred Revenue
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Increase Decrease In Deferred Revenue
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Increase Decrease In Other Operating Assets
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Increase Decrease In Other Operating Assets
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Increase Decrease In Prepaid Expense
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Increase Decrease In Prepaid Expense
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Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
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Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
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Intangible Assets Net Excluding Goodwill
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|
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Intangible Assets Net Excluding Goodwill
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Interest Expense
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Labor And Related Expense
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Liabilities
Liabilities
|
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Liabilities And Stockholders Equity
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Liabilities Current
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Liabilities Current
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Long Term Debt Current
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Long Term Debt Current
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|
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Long Term Debt Maturities Repayments Of Principal In Year Five
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|
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Long Term Debt Maturities Repayments Of Principal In Year Four
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Long Term Debt Maturities Repayments Of Principal In Year Three
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Long Term Debt Maturities Repayments Of Principal In Year Two
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Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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Long Term Debt Noncurrent
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Members Equity
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|
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Net Cash Provided By Used In Financing Activities
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|
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Net Cash Provided By Used In Financing Activities
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Net Cash Provided By Used In Investing Activities
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Net Cash Provided By Used In Investing Activities
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Net Cash Provided By Used In Operating Activities
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|
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Net Cash Provided By Used In Operating Activities
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|
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Operating Expenses
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|
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Net Income Loss
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|
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Net Income Loss
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|
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Number Of Reportable Segments
NumberOfReportableSegments
|
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Operating Expenses
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|
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Operating Income Loss
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|
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CY2018Q1 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
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Operating Leases Future Minimum Payments Due In Four Years
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Operating Leases Future Minimum Payments Due In Three Years
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|
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Operating Leases Future Minimum Payments Due In Two Years
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|
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Operating Leases Future Minimum Payments Due Thereafter
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|
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Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
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Other Assets Current
OtherAssetsCurrent
|
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Other Assets Current
OtherAssetsCurrent
|
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CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
565191 | USD |
CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
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CY2017Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | USD |
CY2017Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
21097 | USD |
CY2018Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
44670 | USD |
CY2017Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
500000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
550000 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
79833 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
334080 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
521362 | USD |
CY2018Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
740050 | USD |
CY2017Q1 | us-gaap |
Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
|
31845 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
|
5426 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6845121 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6866621 | USD |
CY2017Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
251882 | USD |
CY2018Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
279688 | USD |
CY2017Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
75000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
125000 | USD |
CY2017Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
417911 | USD |
CY2018Q1 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
609632 | USD |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
9890949 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
14588881 | USD |
CY2017Q1 | us-gaap |
Significant Changes Frachised Outlets In Operation
SignificantChangesFrachisedOutletsInOperation
|
220 | franchise |
CY2018Q1 | us-gaap |
Significant Changes Frachised Outlets In Operation
SignificantChangesFrachisedOutletsInOperation
|
341 | franchise |
CY2017Q1 | us-gaap |
Significant Changes Franchises Purchased During Period
SignificantChangesFranchisesPurchasedDuringPeriod
|
0 | franchise |
CY2018Q1 | us-gaap |
Significant Changes Franchises Purchased During Period
SignificantChangesFranchisesPurchasedDuringPeriod
|
0 | franchise |
CY2017Q1 | us-gaap |
Significant Changes Franchises Sold
SignificantChangesFranchisesSold
|
38 | franchise |
CY2018Q1 | us-gaap |
Significant Changes Franchises Sold
SignificantChangesFranchisesSold
|
58 | franchise |
CY2017Q1 | us-gaap |
Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
|
13533267 | shares |
CY2018Q1 | us-gaap |
Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
|
13533267 | shares |
CY2018Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported period. Accordingly, actual results could differ from those estimates as more information becomes known.</font></div></div> |