2017 Form 10-K Financial Statement
#000119312518097812 Filed on March 27, 2018
Income Statement
Concept | 2017 | 2016 Q4 |
---|---|---|
Revenue | $15.14M | $0.00 |
YoY Change | ||
Cost Of Revenue | $16.60M | |
YoY Change | ||
Gross Profit | -$1.455M | |
YoY Change | ||
Gross Profit Margin | -9.61% | |
Selling, General & Admin | $4.088M | |
YoY Change | 171664.71% | |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $5.991M | |
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $1.738M | $2.376K |
YoY Change | 72924.24% | |
Operating Profit | -$11.53M | -$2.376K |
YoY Change | ||
Interest Expense | $0.00 | |
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | $0.00 | |
YoY Change | ||
Pretax Income | $508.8K | -$2.376K |
YoY Change | -21476.81% | |
Income Tax | $7.041M | |
% Of Pretax Income | 1383.93% | |
Net Earnings | -$187.1K | -$2.376K |
YoY Change | 7761.68% | |
Net Earnings / Revenue | -1.24% | |
Basic Earnings Per Share | -$0.30 | |
Diluted Earnings Per Share | -$0.30 | |
COMMON SHARES | ||
Basic Shares Outstanding | 62.26M shares | |
Diluted Shares Outstanding | 62.26M shares |
Balance Sheet
Concept | 2017 | 2016 Q4 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $479.1K | |
YoY Change | 6287.47% | |
Cash & Equivalents | $0.00 | |
Short-Term Investments | ||
Other Short-Term Assets | $67.48K | |
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $546.5K | $7.500K |
YoY Change | 7187.07% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $379.2M | |
YoY Change | ||
Other Assets | $0.00 | |
YoY Change | -100.0% | |
Total Long-Term Assets | $379.2M | $38.23K |
YoY Change | 991730.68% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $546.5K | $7.500K |
Total Long-Term Assets | $379.2M | $38.23K |
Total Assets | $379.7M | $45.73K |
YoY Change | 830259.5% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | $742.7K | |
YoY Change | 23780.71% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $1.248M | $23.11K |
YoY Change | 5298.57% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | |
YoY Change | ||
Other Long-Term Liabilities | $13.21M | |
YoY Change | ||
Total Long-Term Liabilities | $13.21M | |
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.248M | $23.11K |
Total Long-Term Liabilities | $13.21M | |
Total Liabilities | $14.45M | $23.11K |
YoY Change | 62443.7% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$2.376K | |
YoY Change | ||
Common Stock | $23.99K | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $365.3M | $59.34M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $379.7M | $45.73K |
YoY Change | 830259.5% |
Cashflow Statement
Concept | 2017 | 2016 Q4 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$187.1K | -$2.376K |
YoY Change | 7761.68% | |
Depreciation, Depletion And Amortization | $5.991M | |
YoY Change | ||
Cash From Operating Activities | $0.00 | |
YoY Change | -100.0% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $0.00 | |
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | |
YoY Change | ||
Cash From Investing Activities | $0.00 | |
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $0.00 | |
YoY Change | -100.0% | |
NET CHANGE | ||
Cash From Operating Activities | $0.00 | |
Cash From Investing Activities | $0.00 | |
Cash From Financing Activities | $0.00 | |
Net Change In Cash | $0.00 | |
YoY Change | -100.0% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $0.00 | |
Capital Expenditures | $0.00 | |
Free Cash Flow | $0.00 | |
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2017Q2 | dei |
Entity Public Float
EntityPublicFloat
|
378000000 | |
CY2016Q4 | us-gaap |
Shares Outstanding
SharesOutstanding
|
0 | shares |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
0 | |
CY2016Q4 | us-gaap |
Assets Current
AssetsCurrent
|
7500 | |
CY2016Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
23994 | |
CY2016Q4 | us-gaap |
Assets
Assets
|
45734 | |
CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7500 | |
CY2016Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
38234 | |
CY2016Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
23110 | |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
45734 | |
CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
23110 | |
CY2016Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
20000 | |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-2376 | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22624 | |
CY2016Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2016Q4 | kaac |
Accrued Formation And Offering Costs Current
AccruedFormationAndOfferingCostsCurrent
|
3110 | |
CY2017Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
304876 | |
CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
742688 | |
CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
546534 | |
CY2017Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
5188377 | |
CY2017Q4 | us-gaap |
Assets
Assets
|
379723399 | |
CY2017Q4 | us-gaap |
Assets Held In Trust Current
AssetsHeldInTrustCurrent
|
379176865 | |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
479055 | |
CY2017Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
CY2017Q4 | us-gaap |
Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
|
13206239 | |
CY2017Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
522985 | |
CY2017Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
0 | |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
14453853 | |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
379723399 | |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1247614 | |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
67479 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-189484 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5000006 | |
CY2017Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | |
CY2017Q4 | kaac |
Redemption Limitation Minimum Net Tangible Assets
RedemptionLimitationMinimumNetTangibleAssets
|
5000001 | |
CY2017Q4 | kaac |
Accrued Franchise Taxes Current
AccruedFranchiseTaxesCurrent
|
200050 | |
CY2017Q4 | kaac |
Deferred Tax Assets General And Administrative Expenses
DeferredTaxAssetsGeneralAndAdministrativeExpenses
|
322965 | |
CY2017Q4 | kaac |
Tax Cuts And Jobs Act Of2017 Change In Tax Rate Deferred Tax Asset Valuation Allowance
TaxCutsAndJobsActOf2017ChangeInTaxRateDeferredTaxAssetValuationAllowance
|
322965 | |
CY2016Q4 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
7500 | |
CY2016Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
CY2016Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2376 | |
CY2016Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2376 | |
CY2016Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-2376 | |
CY2016Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
2376 | |
CY2016Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
9876 | |
CY2016Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2376 | |
CY2016Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2376 | |
CY2016Q4 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
35124 | |
CY2016Q4 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
20000 | |
CY2016Q4 | us-gaap |
Revenues
Revenues
|
0 | |
CY2016Q4 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
10062500 | shares |
CY2016Q4 | kaac |
Deferred Underwriting Compensation And Offering Costs
DeferredUnderwritingCompensationAndOfferingCosts
|
3110 | |
CY2016Q4 | kaac |
Sale Of Common Stock To Sponsors Value
SaleOfCommonStockToSponsorsValue
|
25000 | |
CY2016Q4 | kaac |
Sale Of Common Stock To Sponsors Price Per Shares
SaleOfCommonStockToSponsorsPricePerShares
|
0.001 | |
CY2017 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2017 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
21433512 | |
CY2017 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 18pt"> <b><i>Concentration of Credit Risk</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</p> </div> | |
CY2017 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
Holders of the Company's common stock are entitled to one vote for each share of common stock. | |
CY2017 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
471555 | |
CY2017 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
695876 | |
CY2017 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2017 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
CY2017 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
1.37 | pure |
CY2017 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2017 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | |
CY2017 | dei |
Document Type
DocumentType
|
10-K | |
CY2017 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
508768 | |
CY2017 | us-gaap |
Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
|
At December 31, 2016, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company under the treasury stock method. | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure |
CY2017 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-12-31 | |
CY2017 | dei |
Entity Registrant Name
EntityRegistrantName
|
Kayne Anderson Acquisition Corp | |
CY2017 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2017 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001692787 | |
CY2017 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2017 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2017 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2017 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1537927 | |
CY2017 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
391000 | |
CY2017 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
172891 | |
CY2017 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
1244504 | |
CY2017 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
67479 | |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-865828 | |
CY2017 | us-gaap |
Operating Expenses
OperatingExpenses
|
1737977 | |
CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
378658503 | |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-187108 | |
CY2017 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1737977 | |
CY2017 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2246745 | |
CY2017 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
642617 | |
CY2017 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
7546422 | |
CY2017 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
245000 | |
CY2017 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
9546422 | |
CY2017 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
377321120 | |
CY2017 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
265000 | |
CY2017 | us-gaap |
Revenues
Revenues
|
0 | |
CY2017 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
377321120 | |
CY2017 | dei |
Trading Symbol
TradingSymbol
|
KAAC | |
CY2017 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
10682217 | shares |
CY2017 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> </div> | |
CY2017 | kaac |
Franchise Tax Expense
FranchiseTaxExpense
|
200050 | |
CY2017 | kaac |
Cash Deposited In Trust Account
CashDepositedInTrustAccount
|
377321120 | |
CY2017 | kaac |
Sale Of Private Placement Warrants
SaleOfPrivatePlacementWarrants
|
9546422 | |
CY2017 | kaac |
Number Of Private Placement Warrants
NumberOfPrivatePlacementWarrants
|
6364281 | shares |
CY2017 | kaac |
Private Placement Warrants Price Per Share
PrivatePlacementWarrantsPricePerShare
|
1.5 | |
CY2017 | kaac |
Shares Subject To Possible Redemption Amount
SharesSubjectToPossibleRedemptionAmount
|
360269540 | |
CY2017 | kaac |
Estimated Federal Income Tax Payment
EstimatedFederalIncomeTaxPayment
|
391000 | |
CY2017 | kaac |
Deferred Underwriting Compensation And Offering Costs
DeferredUnderwritingCompensationAndOfferingCosts
|
13206239 | |
CY2017 | kaac |
Tax Cuts And Jobs Act Of2017 Incomplete Accounting Tax Rate Effect Of Tax Law Changes In Period Of Enactment Percent
TaxCutsAndJobsActOf2017IncompleteAccountingTaxRateEffectOfTaxLawChangesInPeriodOfEnactmentPercent
|
0.21 | pure |
CY2017 | kaac |
Other Nonoperating Income Expense Net Of Tax
OtherNonoperatingIncomeExpenseNetOfTax
|
1855745 | |
CY2016 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 |