$ICDIQ
Independence Contract Drilling, Inc. Stock $icdiq

$icdiq Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000153702817000073 Filed on April 27, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$20.24M	$22.46M
YoY Change	-9.88%	0.67%
Cost Of Revenue	$14.90M	$12.57M
YoY Change	18.54%	-4.12%
Gross Profit	$5.340M	$9.890M
YoY Change	-46.01%	7.5%
Gross Profit Margin	26.39%	44.04%
Selling, General & Admin	$3.718M	$3.621M
YoY Change	2.68%	-5.38%
% of Gross Profit	69.63%	36.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$6.260M	$5.830M
YoY Change	7.38%	35.9%
% of Gross Profit	117.23%	58.95%
Operating Expenses	$3.718M	$3.621M
YoY Change	2.68%	-5.38%
Operating Profit	-$5.593M	$567.0K
YoY Change	-1086.42%	-62.99%
Interest Expense	-$630.0K	-$980.0K
YoY Change	-35.71%	216.13%
% of Operating Profit		-172.84%
Other Income/Expense, Net
YoY Change
Pretax Income	-$6.223M	-$410.0K
YoY Change	1417.8%	-133.61%
Income Tax	$46.00K	$4.000K
% Of Pretax Income
Net Earnings	-$6.269M	-$414.0K
YoY Change	1414.25%	-130.11%
Net Earnings / Revenue	-30.98%	-1.84%
Basic Earnings Per Share
Diluted Earnings Per Share	-$3.335M	-$341.7K
COMMON SHARES
Basic Shares Outstanding	37.55M shares	24.02M shares
Diluted Shares Outstanding	37.55M shares	24.02M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$7.300M	$7.400M
YoY Change	-1.35%	-32.73%
Cash & Equivalents	$7.288M	$7.410M
Short-Term Investments
Other Short-Term Assets	$8.000M	$3.500M
YoY Change	128.57%	-10.26%
Inventory	$2.500M	$2.400M
Prepaid Expenses
Receivables	$12.28M	$14.43M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$30.03M	$27.74M
YoY Change	8.26%	-21.05%
LONG-TERM ASSETS
Property, Plant & Equipment	$274.6M	$281.2M
YoY Change	-2.36%	2.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$870.0K	$1.821M
YoY Change	-52.22%	-29.42%
Total Long-Term Assets	$275.4M	$283.0M
YoY Change	-2.69%	2.36%
TOTAL ASSETS
Total Short-Term Assets	$30.03M	$27.74M
Total Long-Term Assets	$275.4M	$283.0M
Total Assets	$305.4M	$310.8M
YoY Change	-1.71%	-0.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$10.60M	$5.562M
YoY Change	90.49%	-81.47%
Accrued Expenses	$5.272M	$7.778M
YoY Change	-32.22%	44.41%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$500.0K	$400.0K
YoY Change	25.0%
Total Short-Term Liabilities	$16.38M	$13.71M
YoY Change	19.53%	-61.56%
LONG-TERM LIABILITIES
Long-Term Debt	$37.10M	$63.10M
YoY Change	-41.2%	75.77%
Other Long-Term Liabilities	$0.00	$200.0K
YoY Change	-100.0%	-50.0%
Total Long-Term Liabilities	$37.10M	$63.30M
YoY Change	-41.39%	74.38%
TOTAL LIABILITIES
Total Short-Term Liabilities	$16.38M	$13.71M
Total Long-Term Liabilities	$37.10M	$63.30M
Total Liabilities	$53.93M	$77.28M
YoY Change	-30.21%	6.78%
SHAREHOLDERS EQUITY
Retained Earnings	-$71.62M	-$43.58M
YoY Change	64.32%	28.51%
Common Stock	$324.9M	$278.3M
YoY Change	16.71%	1.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.719M	$1.286M
YoY Change	33.67%	32.44%
Treasury Stock Shares	218.2K shares	136.3K shares
Shareholders Equity	$251.5M	$233.5M
YoY Change
Total Liabilities & Shareholders Equity	$305.4M	$310.8M
YoY Change	-1.71%	-0.28%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	-$6.269M	-$414.0K
YoY Change	1414.25%	-130.11%
Depreciation, Depletion And Amortization	$6.260M	$5.830M
YoY Change	7.38%	35.9%
Cash From Operating Activities	-$1.420M	$7.221M
YoY Change	-119.66%	35.73%
INVESTING ACTIVITIES
Capital Expenditures	$8.645M	$5.677M
YoY Change	52.28%	-73.33%
Acquisitions
YoY Change
Other Investing Activities	$10.00K	$650.0K
YoY Change	-98.46%	-78.26%
Cash From Investing Activities	-$8.632M	-$5.029M
YoY Change	71.64%	-72.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$10.27M	-$126.0K
YoY Change	-8250.0%	-100.95%
NET CHANGE
Cash From Operating Activities	-$1.420M	$7.221M
Cash From Investing Activities	-$8.632M	-$5.029M
Cash From Financing Activities	$10.27M	-$126.0K
Net Change In Cash	$217.0K	$2.066M
YoY Change	-89.5%	612.41%
FREE CASH FLOW
Cash From Operating Activities	-$1.420M	$7.221M
Capital Expenditures	$8.645M	$5.677M
Free Cash Flow	-$10.07M	$1.544M
YoY Change	-751.88%	-109.67%

Facts In Submission

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CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001537028
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	37810662	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	Independence Contract Drilling, Inc.
CY2016Q1	icd	Capital Lease Obligations Termof Contract CapitalLeaseObligationsTermofContract	P36M
CY2016Q1	icd	Market Priceof Oil MarketPriceofOil	26.19
CY2017Q1	icd	Market Priceof Oil MarketPriceofOil	50
CY2017Q1	icd	Numberof Annual Rig Appraisals NumberofAnnualRigAppraisals	3	rig_appraisal
CY2017Q1	icd	Operatingand Capital Leases Future Minimum Payments Due OperatingandCapitalLeasesFutureMinimumPaymentsDue	1181000	USD
CY2017Q1	icd	Operatingand Capital Leases Future Minimum Payments Duein Four Years OperatingandCapitalLeasesFutureMinimumPaymentsDueinFourYears	56000	USD
CY2017Q1	icd	Operatingand Capital Leases Future Minimum Payments Duein Three Years OperatingandCapitalLeasesFutureMinimumPaymentsDueinThreeYears	264000	USD
CY2017Q1	icd	Operatingand Capital Leases Future Minimum Payments Duein Two Years OperatingandCapitalLeasesFutureMinimumPaymentsDueinTwoYears	386000	USD
CY2017Q1	icd	Operatingand Capital Leases Future Minimum Payments Remainderof Fiscal Year OperatingandCapitalLeasesFutureMinimumPaymentsRemainderofFiscalYear	475000	USD
CY2016Q1	icd	Purchasesof Property Plantand Equipmentin Accounts Payable PurchasesofPropertyPlantandEquipmentinAccountsPayable	-2552000	USD
CY2017Q1	icd	Purchasesof Property Plantand Equipmentin Accounts Payable PurchasesofPropertyPlantandEquipmentinAccountsPayable	-263000	USD
CY2016Q1	icd	Sharebased Compensation Excluding Executive Retirement SharebasedCompensationExcludingExecutiveRetirement	1155000	USD
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CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11468000	USD
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CY2016Q1	us-gaap	Revenues Revenues	22455000	USD
CY2017Q1	us-gaap	Revenues Revenues	20236000	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3621000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3718000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	920020	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	12.74
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	15700	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	12.74
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	935720	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	920020	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.74
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.74
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.00
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0.00
CY2017Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P4Y05M0D
CY2017Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
CY2017Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	-455000	USD
CY2017Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	24000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	257252000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	251516000	USD
CY2016Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1943000	USD
CY2017Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	1198000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	213803	shares
CY2017Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	218170	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1695000	USD
CY2017Q1	us-gaap	Treasury Stock Value TreasuryStockValue	1719000	USD
CY2016Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24015000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37546000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	24015000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	37546000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24015000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37546000	shares

Files In Submission

Name	View Source	Status
0001537028-17-000073-index-headers.html	Edgar Link	pending
0001537028-17-000073-index.html	Edgar Link	pending
0001537028-17-000073.txt	Edgar Link	pending
0001537028-17-000073-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
icd-20170331.xml	Edgar Link	completed
icd-20170331.xsd	Edgar Link	pending
icd-20170331x10q.htm	Edgar Link	pending
icd-20170331x10qexx311.htm	Edgar Link	pending
icd-20170331x10qexx312.htm	Edgar Link	pending
icd-20170331x10qexx321.htm	Edgar Link	pending
icd-20170331x10qexx322.htm	Edgar Link	pending
icd-20170331_cal.xml	Edgar Link	unprocessable
icd-20170331_def.xml	Edgar Link	unprocessable
icd-20170331_lab.xml	Edgar Link	unprocessable
icd-20170331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R28.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$ICDIQ
Independence Contract Drilling, Inc. Stock $icdiq

2017 Q1 Form 10-Q Financial Statement

#000153702817000073 Filed on April 27, 2017

Income Statement

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$ICDIQ Independence Contract Drilling, Inc. Stock $icdiq

2017 Q1 Form 10-Q Financial Statement

#000153702817000073 Filed on April 27, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ICDIQ
Independence Contract Drilling, Inc. Stock $icdiq