2016 Q2 Form 10-Q Financial Statement

#000117148616000041 Filed on May 06, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q1
Revenue $119.3M $73.90M $94.45M
YoY Change -0.76% -21.75% 17.6%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $36.20M $34.40M $38.00M
YoY Change -14.82% -9.47% 201.59%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.47M $9.780M $24.55M
YoY Change -42.37% -60.17% 67.64%
% of Gross Profit
Operating Expenses $47.51M $46.84M $69.26M
YoY Change -27.32% -32.38% 148.51%
Operating Profit $70.74M $48.99M $46.50M
YoY Change 21.29% 5.36% -11.33%
Interest Expense $22.05M $22.20M $22.94M
YoY Change 2.7% -3.26% 15.52%
% of Operating Profit 31.18% 45.31% 49.34%
Other Income/Expense, Net -$22.93M
YoY Change 15.6%
Pretax Income $48.60M $26.40M $24.40M
YoY Change 33.52% 8.2% -25.15%
Income Tax
% Of Pretax Income
Net Earnings $46.45M $23.43M $17.49M
YoY Change 48.23% 33.95% -46.36%
Net Earnings / Revenue 38.93% 31.7% 18.52%
Basic Earnings Per Share
Diluted Earnings Per Share $3.803M $1.918M $1.434M
COMMON SHARES
Basic Shares Outstanding 12.20M shares 12.20M shares 122.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.40M $52.10M $33.30M
YoY Change -22.18% 56.46% -39.23%
Cash & Equivalents $21.39M $50.62M $33.28M
Short-Term Investments
Other Short-Term Assets $118.0M $3.800M $4.200M
YoY Change 3968.97% -9.52% 164.98%
Inventory $7.832M $7.406M $5.790M
Prepaid Expenses
Receivables $40.82M $48.15M $52.32M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $196.6M $119.0M $101.4M
YoY Change 96.79% 17.38% -4.06%
LONG-TERM ASSETS
Property, Plant & Equipment $55.76M $57.44M $78.58M
YoY Change -27.85% -26.9% 212.24%
Goodwill $29.47M
YoY Change
Intangibles
YoY Change
Long-Term Investments $259.8M $258.9M $262.7M
YoY Change -1.46% -1.44% -1.73%
Other Assets $863.0K $1.204M $13.75M
YoY Change -95.02% -91.24% 2113.53%
Total Long-Term Assets $1.388B $1.506B $2.293B
YoY Change -39.24% -34.31% 24.53%
TOTAL ASSETS
Total Short-Term Assets $196.6M $119.0M $101.4M
Total Long-Term Assets $1.388B $1.506B $2.293B
Total Assets $1.585B $1.625B $2.394B
YoY Change -33.54% -32.12% 22.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.260M $7.595M $16.86M
YoY Change -68.49% -54.96% 1773.56%
Accrued Expenses $33.84M $40.00M $50.77M
YoY Change -26.32% -21.21% 88.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $158.0M $154.4M $156.0M
YoY Change 1.29% -0.99% 92.61%
Total Short-Term Liabilities $277.8M $203.3M $224.6M
YoY Change 26.55% -9.48% 79.08%
LONG-TERM LIABILITIES
Long-Term Debt $1.051B $1.147B $1.283B
YoY Change -16.37% -10.63% 22.78%
Other Long-Term Liabilities $3.670M $5.839M $8.403M
YoY Change -62.54% -30.51% -12.55%
Total Long-Term Liabilities $1.054B $1.153B $1.292B
YoY Change -16.73% -10.76% 22.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $277.8M $203.3M $224.6M
Total Long-Term Liabilities $1.054B $1.153B $1.292B
Total Liabilities $1.332B $1.356B $1.516B
YoY Change -10.33% -10.57% 28.48%
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 $135.0M $93.70M $693.7M
YoY Change
Total Liabilities & Shareholders Equity $1.585B $1.625B $2.394B
YoY Change -33.54% -32.12% 22.98%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $46.45M $23.43M $17.49M
YoY Change 48.23% 33.95% -46.36%
Depreciation, Depletion And Amortization $10.47M $9.780M $24.55M
YoY Change -42.37% -60.17% 67.64%
Cash From Operating Activities $17.80M $26.66M $55.50M
YoY Change -64.82% -51.96% 43.78%
INVESTING ACTIVITIES
Capital Expenditures -$2.500M $1.421M $1.365M
YoY Change -119.69% 4.1% -175.83%
Acquisitions
YoY Change
Other Investing Activities $3.200M $40.20M $6.300M
YoY Change -113.73% 538.1% 2000.0%
Cash From Investing Activities $600.0K $38.82M -$11.90M
YoY Change -105.66% -426.18% 693.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $41.17M $41.17M
YoY Change 0.0% 0.0%
Cash From Financing Activities -47.10M -$65.15M -60.40M
YoY Change 3.06% 7.87% -19.25%
NET CHANGE
Cash From Operating Activities 17.80M $26.66M 55.50M
Cash From Investing Activities 600.0K $38.82M -11.90M
Cash From Financing Activities -47.10M -$65.15M -60.40M
Net Change In Cash -28.70M $324.0K -16.80M
YoY Change 403.51% -101.93% -55.44%
FREE CASH FLOW
Cash From Operating Activities $17.80M $26.66M $55.50M
Capital Expenditures -$2.500M $1.421M $1.365M
Free Cash Flow $20.30M $25.24M $54.14M
YoY Change -46.44% -53.38% 34.0%

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LimitedPartnersCapitalAccountUnitsOutstanding
12200000 shares
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
1370956000 USD
CY2016Q1 us-gaap Long Term Debt
LongTermDebt
1321335000 USD
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
80745000 USD
CY2016Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
154441000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1270281000 USD
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1146958000 USD
CY2015Q4 us-gaap Mineral Properties Accumulated Depletion
MineralPropertiesAccumulatedDepletion
452240000 USD
CY2016Q1 us-gaap Mineral Properties Accumulated Depletion
MineralPropertiesAccumulatedDepletion
457896000 USD
CY2015Q4 us-gaap Mineral Properties Gross
MineralPropertiesGross
1546267000 USD
CY2016Q1 us-gaap Mineral Properties Gross
MineralPropertiesGross
1518725000 USD
CY2015Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
1094027000 USD
CY2016Q1 us-gaap Mineral Properties Net
MineralPropertiesNet
1060829000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-60423000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-57120000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-11850000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
38016000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
55472000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
19428000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
17489000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
23427000 USD
CY2015Q1 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
350000 USD
CY2016Q1 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
403000 USD
CY2015Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
17139000 USD
CY2016Q1 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
23024000 USD
CY2015Q1 us-gaap Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
1.40
CY2016Q1 us-gaap Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
1.88
CY2016Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2015Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
37421000 USD
CY2016Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
30902000 USD
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
69260000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
55595000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
40417000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
47156000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1266000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1204000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-965000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-545000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6808000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5839000 USD
CY2015Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1056000 USD
CY2016Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1887000 USD
CY2015Q4 us-gaap Partners Capital
PartnersCapital
76336000 USD
CY2016Q1 us-gaap Partners Capital
PartnersCapital
93669000 USD
CY2015Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
43678000 USD
CY2016Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
5616000 USD
CY2016Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
5616000 USD
CY2015Q4 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
-3394000 USD
CY2016Q1 us-gaap Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
-3394000 USD
CY2015Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
72942000 USD
CY2016Q1 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
90275000 USD
CY2015Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
662000 USD
CY2016Q1 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2015Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
-83000 USD
CY2016Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
338000 USD
CY2015Q1 us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
16788000 USD
CY2016Q1 us-gaap Payments To Acquire Mineral Rights
PaymentsToAcquireMineralRights
2725000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1365000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2221000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4490000 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3835000 USD
CY2015Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
10903000 USD
CY2016Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
12250000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
25000000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2015Q1 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
3395000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
32848000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
905000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
92203000 USD
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
77565000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
61239000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
57444000 USD
CY2015Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
3076000 USD
CY2016Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
3748000 USD
CY2015Q1 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
1084000 USD
CY2016Q1 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
937000 USD
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
41166000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
51166000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
107611000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
80826000 USD
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3000 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
126000 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
95000 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
28000 shares
CY2015Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
12230000 shares
CY2016Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
12230000 shares

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