$MGPI
MGP INGREDIENTS INC Stock $mgpi

$mgpi Overview Financials Valuation SEC Filings Company Website

2018 Q3 Form 10-Q Financial Statement

#000162828018010259 Filed on August 02, 2018

Income Statement

Concept	2018 Q3	2018 Q2	2017 Q2
Revenue	$95.03M	$88.25M	$85.75M
YoY Change	10.07%	2.91%	6.67%
Cost Of Revenue	$75.43M	$68.81M	$66.93M
YoY Change	11.41%	2.81%	3.19%
Gross Profit	$19.60M	$19.44M	$18.83M
YoY Change	5.23%	3.27%	21.21%
Gross Profit Margin	20.62%	22.03%	21.95%
Selling, General & Admin	$7.584M	$8.309M	$8.311M
YoY Change	-6.99%	-0.02%	29.78%
% of Gross Profit	38.7%	42.74%	44.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.703M	$2.897M	$2.816M
YoY Change	-6.37%	2.88%	5.15%
% of Gross Profit	13.79%	14.9%	14.96%
Operating Expenses	$7.584M	$8.309M	$8.311M
YoY Change	-6.99%	-0.02%	29.78%
Operating Profit	$12.02M	$11.13M	$10.51M
YoY Change	14.75%	5.88%	15.2%
Interest Expense	$334.0K	$289.0K	$379.0K
YoY Change	49.11%	-23.75%	15.55%
% of Operating Profit	2.78%	2.6%	3.6%
Other Income/Expense, Net
YoY Change
Pretax Income	$11.68M	$10.84M	$9.316M
YoY Change	-45.99%	16.39%	-5.69%
Income Tax	$2.673M	$3.316M	$2.947M
% Of Pretax Income	22.88%	30.58%	31.63%
Net Earnings	$9.008M	$7.527M	$6.369M
YoY Change	-36.28%	18.18%	0.97%
Net Earnings / Revenue	9.48%	8.53%	7.43%
Basic Earnings Per Share
Diluted Earnings Per Share	$532.5K	$438.6K	$376.5K
COMMON SHARES
Basic Shares Outstanding	16.85M shares	16.84M shares	16.71M shares
Diluted Shares Outstanding			16.75M shares

Balance Sheet

Concept	2018 Q3	2018 Q2	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$0.00	$2.300M	$7.900M
YoY Change	-100.0%	-70.89%	393.75%
Cash & Equivalents	$0.00	$2.280M	$7.911M
Short-Term Investments
Other Short-Term Assets	$1.900M	$2.800M	$2.800M
YoY Change	-24.0%	0.0%	250.0%
Inventory	$107.3M	$106.5M	$85.60M
Prepaid Expenses	$1.885M	$2.802M	$2.832M
Receivables	$50.00M	$35.80M	$34.90M
Other Receivables	$2.000M	$1.500M	$3.200M
Total Short-Term Assets	$161.2M	$148.9M	$134.4M
YoY Change	17.73%	10.8%	24.47%
LONG-TERM ASSETS
Property, Plant & Equipment	$109.9M	$108.8M	$93.77M
YoY Change	16.41%	16.06%	9.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$11.20M
YoY Change			-33.55%
Other Assets	$2.420M	$2.458M	$2.665M
YoY Change	-7.84%	-7.77%	185.33%
Total Long-Term Assets	$112.3M	$111.3M	$107.6M
YoY Change	15.75%	3.44%	3.69%
TOTAL ASSETS
Total Short-Term Assets	$161.2M	$148.9M	$134.4M
Total Long-Term Assets	$112.3M	$111.3M	$107.6M
Total Assets	$273.6M	$260.2M	$241.9M
YoY Change	16.91%	7.53%	14.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$22.91M	$23.33M	$16.14M
YoY Change	10.6%	44.57%	-23.08%
Accrued Expenses	$8.545M	$7.937M	$8.009M
YoY Change	-12.04%	-0.9%	12.79%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$382.0K	$379.0K	$4.366M
YoY Change	3.8%	-91.32%	-0.77%
Total Short-Term Liabilities	$31.83M	$31.65M	$31.70M
YoY Change	3.37%	-0.15%	-11.13%
LONG-TERM LIABILITIES
Long-Term Debt	$44.74M	$40.08M	$39.37M
YoY Change	32.39%	1.82%	6.39%
Other Long-Term Liabilities	$1.112M	$545.0K	$402.0K
YoY Change	139.14%	35.57%	396.3%
Total Long-Term Liabilities	$45.85M	$40.63M	$39.77M
YoY Change	33.84%	2.16%	48996.3%
TOTAL LIABILITIES
Total Short-Term Liabilities	$31.83M	$31.65M	$31.70M
Total Long-Term Liabilities	$45.85M	$40.63M	$39.77M
Total Liabilities	$83.22M	$77.80M	$81.46M
YoY Change	11.58%	-4.49%	-0.5%
SHAREHOLDERS EQUITY
Retained Earnings	$188.5M	$180.8M	$156.3M
YoY Change	21.46%	15.68%	23.53%
Common Stock	$6.715M	$6.715M	$6.715M
YoY Change	0.0%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$19.45M	$19.40M	$16.82M
YoY Change	14.89%	15.29%	8.29%
Treasury Stock Shares	1.264M shares	1.268M shares	1.400M shares
Shareholders Equity	$190.4M	$182.4M	$160.5M
YoY Change
Total Liabilities & Shareholders Equity	$273.6M	$260.2M	$241.9M
YoY Change	16.91%	7.53%	14.29%

Cashflow Statement

Concept	2018 Q3	2018 Q2	2017 Q2
OPERATING ACTIVITIES
Net Income	$9.008M	$7.527M	$6.369M
YoY Change	-36.28%	18.18%	0.97%
Depreciation, Depletion And Amortization	$2.703M	$2.897M	$2.816M
YoY Change	-6.37%	2.88%	5.15%
Cash From Operating Activities	$420.0K	$360.0K	$11.78M
YoY Change	-92.51%	-96.94%	533.33%
INVESTING ACTIVITIES
Capital Expenditures	-$5.800M	-$6.090M	-$3.480M
YoY Change	56.76%	75.0%	14.47%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$60.00K	$300.0K
YoY Change	-100.0%	-80.0%	30.43%
Cash From Investing Activities	-$5.800M	-$6.030M	-$3.180M
YoY Change	-130.77%	89.62%	13.17%
FINANCING ACTIVITIES
Cash Dividend Paid			$688.0K
YoY Change			-50.07%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	3.110M	6.820M	-700.0K
YoY Change	-112.32%	-1074.29%	-128.0%
NET CHANGE
Cash From Operating Activities	420.0K	360.0K	11.78M
Cash From Investing Activities	-5.800M	-6.030M	-3.180M
Cash From Financing Activities	3.110M	6.820M	-700.0K
Net Change In Cash	-2.270M	1.150M	7.900M
YoY Change	187.34%	-85.44%	409.68%
FREE CASH FLOW
Cash From Operating Activities	$420.0K	$360.0K	$11.78M
Capital Expenditures	-$5.800M	-$6.090M	-$3.480M
Free Cash Flow	$6.220M	$6.450M	$15.26M
YoY Change	-33.19%	-57.73%	211.43%

Facts In Submission

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	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000835011
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	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	MGP INGREDIENTS INC
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CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	7527000	USD
	us-gaap	Net Income Loss NetIncomeLoss	16454000	USD
CY2017Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	6186000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	14614000	USD
CY2018Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	7379000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	16131000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	10514000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	21906000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	11132000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	21521000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2535000	USD
CY2018Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2458000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-40000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-81000	USD
CY2018Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	41000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	28000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	38000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	77000	USD
CY2018Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-41000	USD
	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-28000	USD
CY2017Q4	us-gaap	Other Inventory OtherInventory	994000	USD
CY2018Q2	us-gaap	Other Inventory OtherInventory	1691000	USD
CY2017Q4	us-gaap	Other Inventory Supplies OtherInventorySupplies	7256000	USD
CY2018Q2	us-gaap	Other Inventory Supplies OtherInventorySupplies	7510000	USD
CY2017Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	540000	USD
CY2018Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	545000	USD
CY2017Q4	us-gaap	Other Postretirement Benefits Payable Current And Noncurrent OtherPostretirementBenefitsPayableCurrentAndNoncurrent	3133000	USD
CY2018Q2	us-gaap	Other Postretirement Benefits Payable Current And Noncurrent OtherPostretirementBenefitsPayableCurrentAndNoncurrent	2989000	USD
CY2017Q2	us-gaap	Payments For Legal Settlements PaymentsForLegalSettlements	75000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	1376000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	2750000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1131000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2073000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9933000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	13065000	USD
CY2017	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.05
	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.0500
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	10
CY2018Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	10
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000	shares
CY2018Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	437	shares
CY2018Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	437	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	437	shares
CY2018Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	437	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	4000	USD
CY2018Q2	us-gaap	Preferred Stock Value PreferredStockValue	4000	USD
CY2017Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	2182000	USD
CY2018Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	2802000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	299000	USD
	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	0	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	12467000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	16946000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	267288000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	278548000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	103051000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	108836000	USD
CY2017Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	34347000	USD
CY2018Q2	us-gaap	Receivables Net Current ReceivablesNetCurrent	35758000	USD
CY2017Q2	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	9180000	USD
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	18425000	USD
CY2018Q2	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	0	USD
	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	0	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	4650000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	920000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	177000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	185000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	167129000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	180835000	USD
CY2017Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	85753000	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	172922000	USD
CY2018Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	88252000	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	176208000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8311000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	15960000	USD
CY2018Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8309000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	16871000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1737000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1968000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	416000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	168730000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	182360000	USD
CY2017Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	1318545	shares
CY2018Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	1268228	shares
CY2017Q4	us-gaap	Treasury Stock Value TreasuryStockValue	18719000	USD
CY2018Q2	us-gaap	Treasury Stock Value TreasuryStockValue	19395000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2073000	USD
CY2017Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	183000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	433000	USD
CY2018Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	148000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	323000	USD
CY2017Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	16745679	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	16727305	shares
CY2018Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	16869481	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	16856423	shares
	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-weight:bold;">Use of Estimates.</font><font style="font-family:inherit;font-size:10pt;">  The financial reporting policies of the Company conform to GAAP.  The preparation of condensed consolidated financial statements in conformity with 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 financial statements, and the reported amounts of revenues and expenses during the reporting period.  The application of certain of these policies places demands on management’s judgment, with financial reporting results relying on estimation about the effects of matters that are inherently uncertain.  For all of these policies, management cautions that future events rarely develop as forecast, and estimates routinely require adjustment and may require material adjustment.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

Files In Submission

Name	View Source	Status
0001628280-18-010259-index-headers.html	Edgar Link	pending
0001628280-18-010259-index.html	Edgar Link	pending
0001628280-18-010259.txt	Edgar Link	pending
0001628280-18-010259-xbrl.zip	Edgar Link	pending
a6302018ex311.htm	Edgar Link	pending
a6302018ex312.htm	Edgar Link	pending
a6302018ex321.htm	Edgar Link	pending
a6302018ex322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mgpi-20180630.xml	Edgar Link	completed
mgpi-20180630.xsd	Edgar Link	pending
mgpi-20180630_cal.xml	Edgar Link	unprocessable
mgpi-20180630_def.xml	Edgar Link	unprocessable
mgpi-20180630_lab.xml	Edgar Link	unprocessable
mgpi-20180630_pre.xml	Edgar Link	unprocessable
mgpi630201810q.htm	Edgar Link	pending
mgplogo4ca04.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.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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$MGPI
MGP INGREDIENTS INC Stock $mgpi

2018 Q3 Form 10-Q Financial Statement

#000162828018010259 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGPI MGP INGREDIENTS INC Stock $mgpi

2018 Q3 Form 10-Q Financial Statement

#000162828018010259 Filed on August 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGPI
MGP INGREDIENTS INC Stock $mgpi