$KNTK
Kinetik Holdings Inc.

2018 Q2 Form 10-Q Financial Statement

#000119312518229512 Filed on July 27, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $12.52M $1.570M
YoY Change 697.26%
Cost Of Revenue $11.23M
YoY Change
Gross Profit $1.290M
YoY Change
Gross Profit Margin 10.31%
Selling, General & Admin $3.500M $1.100M
YoY Change 218.18%
% of Gross Profit 271.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.216M
YoY Change
% of Gross Profit 404.34%
Operating Expenses $596.1K $1.107M
YoY Change -46.15%
Operating Profit -$7.468M -$1.107M
YoY Change 574.65%
Interest Expense $0.00 $500.0K
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $544.0K
YoY Change -100.0%
Pretax Income $882.9K -$562.9K
YoY Change -256.85%
Income Tax $4.200M $170.3K
% Of Pretax Income 475.69%
Net Earnings $582.8K -$733.3K
YoY Change -179.49%
Net Earnings / Revenue 4.66% -46.71%
Basic Earnings Per Share -$0.06 -$0.05
Diluted Earnings Per Share -$0.06 -$0.05
COMMON SHARES
Basic Shares Outstanding 11.07M shares 11.04M shares
Diluted Shares Outstanding 47.17M shares 11.04M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $1.000M
YoY Change -100.0%
Cash & Equivalents $48.63K $1.024M
Short-Term Investments
Other Short-Term Assets $200.0K $200.0K
YoY Change 0.0%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $238.6K $1.219M
YoY Change -80.42%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $380.7M $377.9M
YoY Change 0.74%
Other Assets $0.00
YoY Change
Total Long-Term Assets $380.7M $377.9M
YoY Change 0.75%
TOTAL ASSETS
Total Short-Term Assets $238.6K $1.219M
Total Long-Term Assets $380.7M $377.9M
Total Assets $381.0M $379.1M
YoY Change 0.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.049M $932.0K
YoY Change 12.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.178M $1.147M
YoY Change 2.66%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.20M $13.20M
YoY Change 0.0%
Total Long-Term Liabilities $13.20M $13.20M
YoY Change 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.178M $1.147M
Total Long-Term Liabilities $13.20M $13.20M
Total Liabilities $14.38M $14.35M
YoY Change 0.21%
SHAREHOLDERS EQUITY
Retained Earnings $1.108M -$735.6K
YoY Change -250.63%
Common Stock $3.891M $5.735M
YoY Change -32.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $814.3M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $381.0M $379.1M
YoY Change 0.49%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $582.8K -$733.3K
YoY Change -179.49%
Depreciation, Depletion And Amortization $5.216M
YoY Change
Cash From Operating Activities $0.00 -$300.0K
YoY Change -100.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$377.3M
YoY Change -100.0%
Cash From Investing Activities $0.00 -$377.3M
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 378.7M
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 0.000 -300.0K
Cash From Investing Activities 0.000 -377.3M
Cash From Financing Activities 0.000 378.7M
Net Change In Cash 0.000 1.100M
YoY Change -100.0%
FREE CASH FLOW
Cash From Operating Activities $0.00 -$300.0K
Capital Expenditures $0.00
Free Cash Flow $0.00
YoY Change

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