$MGPI
MGP INGREDIENTS INC Stock $mgpi

$mgpi Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000162828015003849 Filed on May 07, 2015

Income Statement

Concept	2015 Q1	2014 Q1
Revenue	$80.41M	$84.58M
YoY Change	-4.93%	-4.66%
Cost Of Revenue	$67.03M	$72.20M
YoY Change	-7.16%	-8.82%
Gross Profit	$13.39M	$6.801M
YoY Change	96.85%	-5.92%
Gross Profit Margin	16.65%	8.04%
Selling, General & Admin	$6.480M	$5.072M
YoY Change	27.76%	-13.67%
% of Gross Profit	48.4%	74.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.091M	$3.042M
YoY Change	1.61%	2.49%
% of Gross Profit	23.09%	44.73%
Operating Expenses	$6.480M	$5.072M
YoY Change	27.76%	-13.67%
Operating Profit	$6.908M	$1.729M
YoY Change	299.54%	33.41%
Interest Expense	$131.0K	$198.0K
YoY Change	-33.84%	-30.04%
% of Operating Profit	1.9%	11.45%
Other Income/Expense, Net
YoY Change
Pretax Income	$8.129M	$4.866M
YoY Change	67.06%	6753.52%
Income Tax	$3.059M	$81.00K
% Of Pretax Income	37.63%	1.66%
Net Earnings	$5.070M	$4.785M
YoY Change	5.96%	223.97%
Net Earnings / Revenue	6.3%	5.66%
Basic Earnings Per Share	$0.28	$0.26
Diluted Earnings Per Share	$0.28	$0.26
COMMON SHARES
Basic Shares Outstanding	17.40M shares	17.25M shares
Diluted Shares Outstanding	17.40M shares	17.25M shares

Balance Sheet

Concept	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.400M	$0.00
YoY Change
Cash & Equivalents	$6.391M	$0.00
Short-Term Investments
Other Short-Term Assets	$8.200M	$6.200M
YoY Change	32.26%	-3.13%
Inventory	$37.70M	$30.90M
Prepaid Expenses	$1.743M	$2.035M
Receivables	$32.90M	$31.90M
Other Receivables	$0.00	$200.0K
Total Short-Term Assets	$85.18M	$69.20M
YoY Change	23.09%	-13.5%
LONG-TERM ASSETS
Property, Plant & Equipment	$65.54M	$68.26M
YoY Change	-3.98%	4978.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$13.67M	$10.46M
YoY Change	30.74%	66.0%
Other Assets	$2.192M	$1.985M
YoY Change	10.43%	-13.7%
Total Long-Term Assets	$81.41M	$80.70M
YoY Change	0.88%	-0.61%
TOTAL ASSETS
Total Short-Term Assets	$85.18M	$69.20M
Total Long-Term Assets	$81.41M	$80.70M
Total Assets	$166.6M	$149.9M
YoY Change	11.13%	-7.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$16.54M	$18.55M
YoY Change	-10.85%	-19.34%
Accrued Expenses	$7.848M	$7.239M
YoY Change	8.41%	8.04%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.600M	$1.600M
YoY Change	62.5%	0.0%
Total Short-Term Liabilities	$32.27M	$29.93M
YoY Change	7.84%	-6.48%
LONG-TERM LIABILITIES
Long-Term Debt	$7.700M	$21.70M
YoY Change	-64.52%	-18.11%
Other Long-Term Liabilities	$8.200M	$662.0K
YoY Change	1138.67%	-93.38%
Total Long-Term Liabilities	$15.90M	$662.0K
YoY Change	2301.81%	-98.19%
TOTAL LIABILITIES
Total Short-Term Liabilities	$32.27M	$29.93M
Total Long-Term Liabilities	$15.90M	$662.0K
Total Liabilities	$58.11M	$64.55M
YoY Change	-9.99%	-12.29%
SHAREHOLDERS EQUITY
Retained Earnings	$93.44M	$70.56M
YoY Change	32.41%
Common Stock	$6.715M	$6.715M
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$980.0K	$511.0K
YoY Change	91.78%
Treasury Stock Shares	441.4K shares	398.8K shares
Shareholders Equity	$108.5M	$85.35M
YoY Change
Total Liabilities & Shareholders Equity	$166.6M	$149.9M
YoY Change	11.13%	-7.01%

Cashflow Statement

Concept	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	$5.070M	$4.785M
YoY Change	5.96%	223.97%
Depreciation, Depletion And Amortization	$3.091M	$3.042M
YoY Change	1.61%	2.49%
Cash From Operating Activities	$6.121M	-$642.0K
YoY Change	-1053.43%	-125.14%
INVESTING ACTIVITIES
Capital Expenditures	$5.030M	$2.182M
YoY Change	130.52%	173.43%
Acquisitions
YoY Change
Other Investing Activities		$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$5.030M	-$2.182M
YoY Change	130.52%	-209.15%
FINANCING ACTIVITIES
Cash Dividend Paid	$1.087M	$907.0K
YoY Change	19.85%
Common Stock Issuance & Retirement, Net	$0.00	$104.0K
YoY Change	-100.0%
Debt Paid & Issued, Net	$398.0K	$384.0K
YoY Change	3.65%	-9.86%
Cash From Financing Activities	-$341.0K	-$33.00K
YoY Change	933.33%	-99.28%
NET CHANGE
Cash From Operating Activities	$6.121M	-$642.0K
Cash From Investing Activities	-$5.030M	-$2.182M
Cash From Financing Activities	-$341.0K	-$33.00K
Net Change In Cash	$750.0K	-$2.857M
YoY Change	-126.25%
FREE CASH FLOW
Cash From Operating Activities	$6.121M	-$642.0K
Capital Expenditures	$5.030M	$2.182M
Free Cash Flow	$1.091M	-$2.824M
YoY Change	-138.63%	-260.82%

Facts In Submission

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CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2182000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5030000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-642000	USD
CY2014Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	4528000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	6121000	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	4785000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	5070000	USD
CY2014Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-3334000	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1352000	USD
CY2014Q4	us-gaap	Other Inventory Supplies OtherInventorySupplies	4913000	USD
CY2015Q1	us-gaap	Other Inventory Supplies OtherInventorySupplies	5232000	USD
CY2014Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	716000	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	4861000	USD
CY2015Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	1729000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	6908000	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2100000	USD
CY2015Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2192000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-51000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-175000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-72000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	-21000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	-5000	USD
CY2014Q4	us-gaap	Other Inventory OtherInventory	912000	USD
CY2015Q1	us-gaap	Other Inventory OtherInventory	1138000	USD
CY2015Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	725000	USD
CY2014Q4	us-gaap	Other Postretirement Benefits Payable Current And Noncurrent OtherPostretirementBenefitsPayableCurrentAndNoncurrent	4420000	USD
CY2015Q1	us-gaap	Other Postretirement Benefits Payable Current And Noncurrent OtherPostretirementBenefitsPayableCurrentAndNoncurrent	4305000	USD
CY2014Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	104000	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2014Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2015Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	291000	USD
CY2014Q2	us-gaap	Payments Of Dividends PaymentsOfDividends	907000	USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2182000	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5030000	USD
CY2014	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.05
CY2015Q1	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.0500
CY2014Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	10
CY2015Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	10
CY2014Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000	shares
CY2015Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000	shares
CY2014Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	437	shares
CY2015Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	437	shares
CY2014Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	437	shares
CY2015Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	437	shares
CY2014Q4	us-gaap	Preferred Stock Value PreferredStockValue	4000	USD
CY2015Q1	us-gaap	Preferred Stock Value PreferredStockValue	4000	USD
CY2014Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1179000	USD
CY2015Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1743000	USD
CY2014Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	14776000	USD
CY2015Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	1086000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	198176000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	202850000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	63881000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	65544000	USD
CY2014Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	14321000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	89454000	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	93437000	USD
CY2014Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	84582000	USD
CY2015Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	84864000	USD
CY2014Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5072000	USD
CY2015Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6480000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	149000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	205000	USD
CY2014Q1	us-gaap	Shipping And Handling Revenue ShippingAndHandlingRevenue	3490000	USD
CY2015Q1	us-gaap	Shipping And Handling Revenue ShippingAndHandlingRevenue	3399000	USD
CY2006Q4	us-gaap	Special Assessment Bond SpecialAssessmentBond	7000000	USD
CY2014Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	32672000	USD
CY2015Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	32866000	USD
CY2014Q1	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	7132000	USD
CY2015Q1	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	9292000	USD
CY2015Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	738000	USD
CY2014Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	384000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	398000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	104365000	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	108482000	USD
CY2014Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	0	USD
CY2015Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	574000	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	441406	shares
CY2015Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	441406	shares
CY2014Q4	us-gaap	Treasury Stock Value TreasuryStockValue	980000	USD
CY2015Q1	us-gaap	Treasury Stock Value TreasuryStockValue	980000	USD
CY2014Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	-257000	USD
CY2015Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	-209000	USD
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17246251	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17396372	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17246251	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17395659	shares
CY2015Q1	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:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0001628280-15-003849-index-headers.html	Edgar Link	pending
0001628280-15-003849-index.html	Edgar Link	pending
0001628280-15-003849.txt	Edgar Link	pending
0001628280-15-003849-xbrl.zip	Edgar Link	pending
ex10-1image1.gif	Edgar Link	pending
ex101.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
forex10-10a.jpg	Edgar Link	pending
forex10-10b.jpg	Edgar Link	pending
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forex10-10k.jpg	Edgar Link	pending
forex10-10l.jpg	Edgar Link	pending
forex10-9.jpg	Edgar Link	pending
mgpi-20150331.xml	Edgar Link	completed
mgpi-20150331.xsd	Edgar Link	pending
mgpi-20150331_cal.xml	Edgar Link	unprocessable
mgpi-20150331_def.xml	Edgar Link	unprocessable
mgpi-20150331_lab.xml	Edgar Link	unprocessable
mgpi-20150331_pre.xml	Edgar Link	unprocessable
mgpi331201510q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MGPI
MGP INGREDIENTS INC Stock $mgpi

2015 Q1 Form 10-Q Financial Statement

#000162828015003849 Filed on May 07, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGPI MGP INGREDIENTS INC Stock $mgpi

2015 Q1 Form 10-Q Financial Statement

#000162828015003849 Filed on May 07, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGPI
MGP INGREDIENTS INC Stock $mgpi