2014 Q3 Form 10-Q Financial Statement

#000117633414000113 Filed on July 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $392.9M $405.8M $360.4M
YoY Change 8.54% 12.59% 7.33%
Cost Of Revenue $286.9M $315.4M $276.6M
YoY Change 1.37% 14.05% 4.43%
Gross Profit $106.0M $90.33M $83.81M
YoY Change 34.23% 7.78% 18.18%
Gross Profit Margin 26.98% 22.26% 23.26%
Selling, General & Admin $10.16M $8.605M $6.383M
YoY Change 40.91% 34.81% 13.19%
% of Gross Profit 9.59% 9.53% 7.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.46M $14.21M $12.35M
YoY Change 20.14% 15.05% 22.67%
% of Gross Profit 15.53% 15.73% 14.74%
Operating Expenses $47.28M $47.11M $43.04M
YoY Change 8.84% 9.47% 24.95%
Operating Profit $13.18M $18.00M $19.17M
YoY Change 3.95% -6.1% -0.26%
Interest Expense -$8.800M $11.44M $10.94M
YoY Change -179.57% 4.58% 23.77%
% of Operating Profit -66.76% 63.57% 57.08%
Other Income/Expense, Net -$38.62M -$17.32M -$10.88M
YoY Change 228.73% 59.17% 8.78%
Pretax Income -$25.44M $678.0K $9.378M
YoY Change -5238.99% -92.77% 1.8%
Income Tax $300.0K $354.0K $300.0K
% Of Pretax Income 52.21% 3.2%
Net Earnings -$26.90M -$1.000M $9.078M
YoY Change -14110.42% -111.02% -9.47%
Net Earnings / Revenue -6.85% -0.25% 2.52%
Basic Earnings Per Share
Diluted Earnings Per Share -$835.4K -$34.60K $342.1K
COMMON SHARES
Basic Shares Outstanding 30.64M shares 27.04M shares 26.62M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.000M $2.700M $0.00
YoY Change -100.0%
Cash & Equivalents $3.006M $2.704M $17.00K
Short-Term Investments
Other Short-Term Assets $10.26M $11.17M $6.313M
YoY Change 12.2% 76.98% -97.05%
Inventory $120.4M $113.3M $93.31M
Prepaid Expenses
Receivables $139.2M $145.4M $124.0M
Other Receivables $14.60M $26.10M $32.70M
Total Short-Term Assets $289.0M $298.7M $257.1M
YoY Change 0.87% 16.18% -38.84%
LONG-TERM ASSETS
Property, Plant & Equipment $1.025B $640.4M $570.5M
YoY Change 68.51% 12.25% 28.47%
Goodwill $23.80M $23.80M $19.62M
YoY Change 21.34% 21.34%
Intangibles
YoY Change
Long-Term Investments $135.2M $266.4M $183.2M
YoY Change -25.53% 45.42% 139.83%
Other Assets $81.47M $6.653M $8.432M
YoY Change 986.2% -21.1% -52.09%
Total Long-Term Assets $1.300B $952.0M $799.0M
YoY Change 55.9% 19.16% 46.2%
TOTAL ASSETS
Total Short-Term Assets $289.0M $298.7M $257.1M
Total Long-Term Assets $1.300B $952.0M $799.0M
Total Assets $1.589B $1.251B $1.056B
YoY Change 41.83% 18.43% 9.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.0M $121.6M $110.8M
YoY Change 8.52% 9.74% 1.27%
Accrued Expenses $5.600M $13.40M $17.20M
YoY Change -52.14% -22.09% 84.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.200M
YoY Change 1500.0%
Total Short-Term Liabilities $165.2M $169.8M $147.2M
YoY Change 10.75% 15.42% -0.84%
LONG-TERM LIABILITIES
Long-Term Debt $910.1M $692.2M $565.0M
YoY Change 40.45% 22.51% 24.72%
Other Long-Term Liabilities $3.174M $2.020M $2.050M
YoY Change 41.95% -1.46% 86.36%
Total Long-Term Liabilities $3.174M $2.020M $2.050M
YoY Change 41.95% -1.46% -99.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $165.2M $169.8M $147.2M
Total Long-Term Liabilities $3.174M $2.020M $2.050M
Total Liabilities $1.078B $864.0M $714.2M
YoY Change 34.91% 20.98% 17.12%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $510.3M $386.7M $341.9M
YoY Change
Total Liabilities & Shareholders Equity $1.589B $1.251B $1.056B
YoY Change 41.83% 18.43% 9.23%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$26.90M -$1.000M $9.078M
YoY Change -14110.42% -111.02% -9.47%
Depreciation, Depletion And Amortization $16.46M $14.21M $12.35M
YoY Change 20.14% 15.05% 22.67%
Cash From Operating Activities $32.10M -$15.60M $7.000M
YoY Change -414.71% -322.86% -69.3%
INVESTING ACTIVITIES
Capital Expenditures -$17.30M -$24.60M -$13.90M
YoY Change -56.75% 76.98% -31.86%
Acquisitions
YoY Change
Other Investing Activities -$100.1M -$137.4M -$16.50M
YoY Change 810.0% 732.73% 106.25%
Cash From Investing Activities -$117.5M -$161.9M -$30.40M
YoY Change 130.39% 432.57% 7.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.467M $11.85M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 85.70M 175.8M 23.40M
YoY Change 40.03% 651.28% -831.25%
NET CHANGE
Cash From Operating Activities 32.10M -15.60M 7.000M
Cash From Investing Activities -117.5M -161.9M -30.40M
Cash From Financing Activities 85.70M 175.8M 23.40M
Net Change In Cash 300.0K -1.700M 0.00000001118
YoY Change -4026531840000300.0% -15211342506667560.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities $32.10M -$15.60M $7.000M
Capital Expenditures -$17.30M -$24.60M -$13.90M
Free Cash Flow $49.40M $9.000M $20.90M
YoY Change 65.77% -56.94% -51.62%

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IncreaseDecreaseInProductExchangePayables
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NaturalGasServicesCostOfProductSold
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mmlp Selling General And Administrative Expense Related Party
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CY2014Q2 mmlp Share Based Compensation Arrangement By Share Based Payment Awards Number Of Plan Components
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mmlp Sulfur Services Cost Of Product Sold
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mmlp Terminalling And Storage Related Party
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mmlp Terminalling And Storage Related Party
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CY2014Q2 mmlp Terminalling And Storage Service Revenue
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mmlp Terminalling And Storage Service Revenue
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001176334
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
30639432 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
MARTIN MIDSTREAM PARTNERS LP
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

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0001176334-14-000113.txt Edgar Link pending
0001176334-14-000113-xbrl.zip Edgar Link pending
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