$ICDIQ
Independence Contract Drilling, Inc. Stock $icdiq

$icdiq Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000153702817000080 Filed on July 27, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$21.29M	$15.16M
YoY Change	40.45%	-28.11%
Cost Of Revenue	$15.81M	$7.400M
YoY Change	113.65%	-38.64%
Gross Profit	$5.480M	$7.760M
YoY Change	-29.38%	-14.06%
Gross Profit Margin	25.75%	51.2%
Selling, General & Admin	$3.435M	$5.005M
YoY Change	-31.37%	33.29%
% of Gross Profit	62.68%	64.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$6.330M	$5.810M
YoY Change	8.95%	12.38%
% of Gross Profit	115.51%	74.87%
Operating Expenses	$3.435M	$5.005M
YoY Change	-31.37%	33.29%
Operating Profit	-$5.584M	-$3.101M
YoY Change	80.07%	-2038.13%
Interest Expense	-$690.0K	-$1.060M
YoY Change	-34.91%	47.22%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$6.270M	-$4.160M
YoY Change	50.72%	646.86%
Income Tax	$34.00K	$31.00K
% Of Pretax Income
Net Earnings	-$6.304M	-$4.191M
YoY Change	50.42%	542.79%
Net Earnings / Revenue	-29.62%	-27.65%
Basic Earnings Per Share
Diluted Earnings Per Share	-$3.351M	-$2.494M
COMMON SHARES
Basic Shares Outstanding	37.68M shares	33.61M shares
Diluted Shares Outstanding	37.68M shares	33.61M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.500M	$7.100M
YoY Change	-22.54%	-42.28%
Cash & Equivalents	$5.465M	$7.086M
Short-Term Investments
Other Short-Term Assets	$10.10M	$3.100M
YoY Change	225.81%	-36.73%
Inventory	$2.400M	$2.500M
Prepaid Expenses
Receivables	$12.95M	$6.872M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$30.94M	$19.52M
YoY Change	58.49%	-40.6%
LONG-TERM ASSETS
Property, Plant & Equipment	$271.7M	$280.1M
YoY Change	-3.0%	-0.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$865.0K	$1.339M
YoY Change	-35.4%	-45.59%
Total Long-Term Assets	$272.6M	$281.5M
YoY Change	-3.15%	-1.29%
TOTAL ASSETS
Total Short-Term Assets	$30.94M	$19.52M
Total Long-Term Assets	$272.6M	$281.5M
Total Assets	$303.5M	$301.0M
YoY Change	0.85%	-5.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$10.83M	$3.886M
YoY Change	178.56%	-51.35%
Accrued Expenses	$5.867M	$6.461M
YoY Change	-9.19%	-19.94%
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	$17.16M	$10.72M
YoY Change	60.07%	-34.12%
LONG-TERM LIABILITIES
Long-Term Debt	$39.50M	$16.70M
YoY Change	136.53%	-72.8%
Other Long-Term Liabilities	$0.00	$100.0K
YoY Change	-100.0%	-66.67%
Total Long-Term Liabilities	$39.50M	$16.80M
YoY Change	135.12%	-72.77%
TOTAL LIABILITIES
Total Short-Term Liabilities	$17.16M	$10.72M
Total Long-Term Liabilities	$39.50M	$16.80M
Total Liabilities	$57.16M	$27.76M
YoY Change	105.93%	-64.58%
SHAREHOLDERS EQUITY
Retained Earnings	-$77.92M	-$47.77M
YoY Change	63.1%	38.21%
Common Stock	$326.0M	$322.5M
YoY Change	1.1%	17.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.719M	$1.469M
YoY Change	17.02%	51.29%
Treasury Stock Shares	218.2K shares	170.0K shares
Shareholders Equity	$246.4M	$273.2M
YoY Change
Total Liabilities & Shareholders Equity	$303.5M	$301.0M
YoY Change	0.85%	-5.35%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	-$6.304M	-$4.191M
YoY Change	50.42%	542.79%
Depreciation, Depletion And Amortization	$6.330M	$5.810M
YoY Change	8.95%	12.38%
Cash From Operating Activities	$3.670M	$8.160M
YoY Change	-55.02%	-34.51%
INVESTING ACTIVITIES
Capital Expenditures	-$8.720M	-$4.840M
YoY Change	80.17%	-86.9%
Acquisitions
YoY Change
Other Investing Activities	$1.050M	$290.0K
YoY Change	262.07%	11.54%
Cash From Investing Activities	-$7.680M	-$4.560M
YoY Change	68.42%	-87.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	2.180M	-3.930M
YoY Change	-155.47%	-115.46%
NET CHANGE
Cash From Operating Activities	3.670M	8.160M
Cash From Investing Activities	-7.680M	-4.560M
Cash From Financing Activities	2.180M	-3.930M
Net Change In Cash	-1.830M	-330.0K
YoY Change	454.55%	-127.5%
FREE CASH FLOW
Cash From Operating Activities	$3.670M	$8.160M
Capital Expenditures	-$8.720M	-$4.840M
Free Cash Flow	$12.39M	$13.00M
YoY Change	-4.69%	-73.68%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001537028
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	37807467	shares
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	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
CY2017Q2	icd	Market Priceof Oil MarketPriceofOil	45
	icd	Numberof Annual Rig Appraisals NumberofAnnualRigAppraisals	2	rig_appraisal
CY2017Q2	icd	Operatingand Capital Leases Future Minimum Payments Due OperatingandCapitalLeasesFutureMinimumPaymentsDue	1183000	USD
CY2017Q2	icd	Operatingand Capital Leases Future Minimum Payments Duein Four Years OperatingandCapitalLeasesFutureMinimumPaymentsDueinFourYears	99000	USD
CY2017Q2	icd	Operatingand Capital Leases Future Minimum Payments Duein Three Years OperatingandCapitalLeasesFutureMinimumPaymentsDueinThreeYears	332000	USD
CY2017Q2	icd	Operatingand Capital Leases Future Minimum Payments Duein Two Years OperatingandCapitalLeasesFutureMinimumPaymentsDueinTwoYears	454000	USD
CY2017Q2	icd	Operatingand Capital Leases Future Minimum Payments Remainderof Fiscal Year OperatingandCapitalLeasesFutureMinimumPaymentsRemainderofFiscalYear	298000	USD
	icd	Purchasesof Property Plantand Equipmentin Accounts Payable PurchasesofPropertyPlantandEquipmentinAccountsPayable	-2577000	USD
	icd	Purchasesof Property Plantand Equipmentin Accounts Payable PurchasesofPropertyPlantandEquipmentinAccountsPayable	-855000	USD
	icd	Sharebased Compensation Excluding Executive Retirement SharebasedCompensationExcludingExecutiveRetirement	2360000	USD
	icd	Sharebased Compensation Excluding Executive Retirement SharebasedCompensationExcludingExecutiveRetirement	2169000	USD
	icd	Sharebased Compensation Executive Retirement SharebasedCompensationExecutiveRetirement	-67000	USD
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CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11468000	USD
CY2017Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	12946000	USD
CY2016Q4	us-gaap	Accrued Insurance Current AccruedInsuranceCurrent	787000	USD
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CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	7821000	USD
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	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	24000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	217000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	8000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	455000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10521000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	17367000	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	3102000	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	3737000	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	188000	USD
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	0	USD
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	42983000	USD
	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	0	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	34775000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	22611000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	747000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	1060000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	273188000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	271725000	USD
CY2017Q2	us-gaap	Purchase Obligation PurchaseObligation	16000000	USD
CY2017Q2	us-gaap	Purchase Obligation Due In Next Twelve Months PurchaseObligationDueInNextTwelveMonths	8400000	USD
CY2017Q2	us-gaap	Purchase Obligation Due In Second Year PurchaseObligationDueInSecondYear	7600000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	81129000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	9363000	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	285000	USD
	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	308000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-65347000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-77920000	USD
CY2016Q2	us-gaap	Revenues Revenues	15155000	USD
	us-gaap	Revenues Revenues	37610000	USD
CY2017Q2	us-gaap	Revenues Revenues	21285000	USD
	us-gaap	Revenues Revenues	41521000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5005000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8626000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3435000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7153000	USD
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	800700	shares
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	12.74
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	135020	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	12.74
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
	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
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	800700.0	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.74
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.74
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	0.00
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0	USD
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0.00
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P4Y09M0D
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	0	shares
	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	-455000	USD
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	24000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	257252000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	246369000	USD
CY2016Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1943000	USD
CY2017Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	1623000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	213803	shares
CY2017Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	218170	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	1695000	USD
CY2017Q2	us-gaap	Treasury Stock Value TreasuryStockValue	1719000	USD
CY2016Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	33608000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28812000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37679000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37613000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	33608000	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	28812000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	37679000	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	37613000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	33608000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28812000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37679000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37613000	shares
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	504000	USD

Files In Submission

Name	View Source	Status
0001537028-17-000080-index-headers.html	Edgar Link	pending
0001537028-17-000080-index.html	Edgar Link	pending
0001537028-17-000080.txt	Edgar Link	pending
0001537028-17-000080-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
icd-20170630.xml	Edgar Link	completed
icd-20170630.xsd	Edgar Link	pending
icd-20170630x10q.htm	Edgar Link	pending
icd-20170630x10qexx311.htm	Edgar Link	pending
icd-20170630x10qexx312.htm	Edgar Link	pending
icd-20170630x10qexx321.htm	Edgar Link	pending
icd-20170630x10qexx322.htm	Edgar Link	pending
icd-20170630_cal.xml	Edgar Link	unprocessable
icd-20170630_def.xml	Edgar Link	unprocessable
icd-20170630_lab.xml	Edgar Link	unprocessable
icd-20170630_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
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R32.htm	Edgar Link	pending
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R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
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R38.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
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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2017 Q2 Form 10-Q Financial Statement

#000153702817000080 Filed on July 27, 2017

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$ICDIQ Independence Contract Drilling, Inc. Stock $icdiq

2017 Q2 Form 10-Q Financial Statement

#000153702817000080 Filed on July 27, 2017

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$ICDIQ
Independence Contract Drilling, Inc. Stock $icdiq