2013 Q4 Form 10-Q Financial Statement

#000106953314000007 Filed on February 06, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4
Revenue $20.01M $18.75M
YoY Change 6.75% 1.34%
Cost Of Revenue $11.81M $10.81M
YoY Change 9.25% 4.24%
Gross Profit $8.203M $7.936M
YoY Change 3.36% -2.38%
Gross Profit Margin 40.99% 42.34%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.247M $1.164M
YoY Change 7.12% 5.85%
% of Gross Profit 15.2% 14.67%
Operating Expenses $4.930M $4.990M
YoY Change -1.2% 5.72%
Operating Profit $3.273M $2.950M
YoY Change 10.93% -13.46%
Interest Expense $464.5K $459.5K
YoY Change 1.09% -199.88%
% of Operating Profit 14.19% 15.57%
Other Income/Expense, Net -$25.14K $17.04K
YoY Change -247.49% 70.42%
Pretax Income $2.783M $2.508M
YoY Change 10.98% -15.28%
Income Tax $1.060M $953.5K
% Of Pretax Income 38.1% 38.02%
Net Earnings $1.723M $1.554M
YoY Change 10.85% -15.3%
Net Earnings / Revenue 8.61% 8.29%
Basic Earnings Per Share $0.37 $0.33
Diluted Earnings Per Share $0.37 $0.33
COMMON SHARES
Basic Shares Outstanding 4.710M shares 4.678M shares
Diluted Shares Outstanding 4.711M shares 4.678M shares

Balance Sheet

Concept 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $500.0K $600.0K
YoY Change -16.67% -84.21%
Cash & Equivalents $496.9K $603.6K
Short-Term Investments
Other Short-Term Assets $1.558M $5.600M
YoY Change -72.18% -3.45%
Inventory $8.400M $9.800M
Prepaid Expenses
Receivables $11.47M $10.70M
Other Receivables $0.00 $1.100M
Total Short-Term Assets $25.20M $27.90M
YoY Change -9.67% -16.22%
LONG-TERM ASSETS
Property, Plant & Equipment $100.8M $92.00M
YoY Change 9.57% 5.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $87.84K $8.700M
YoY Change -98.99% 14.47%
Total Long-Term Assets $4.541M $100.6M
YoY Change -95.49% 6.46%
TOTAL ASSETS
Total Short-Term Assets $25.20M $27.90M
Total Long-Term Assets $4.541M $100.6M
Total Assets $130.5M $128.5M
YoY Change 1.57% 0.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.306M $6.100M
YoY Change -13.01% 22.0%
Accrued Expenses $1.661M $1.700M
YoY Change -2.27% 6.25%
Deferred Revenue
YoY Change
Short-Term Debt $18.80M $16.30M
YoY Change 15.34%
Long-Term Debt Due $1.600M
YoY Change
Total Short-Term Liabilities $35.65M $31.30M
YoY Change 13.91% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $11.40M $13.00M
YoY Change -12.31% 0.0%
Other Long-Term Liabilities $18.30M $24.50M
YoY Change -25.31% 7.46%
Total Long-Term Liabilities $32.93M $37.50M
YoY Change -12.19% 4.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.65M $31.30M
Total Long-Term Liabilities $32.93M $37.50M
Total Liabilities $68.58M $81.10M
YoY Change -15.43% 4.24%
SHAREHOLDERS EQUITY
Retained Earnings $20.95M
YoY Change
Common Stock $31.60M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $50.54M $47.40M
YoY Change
Total Liabilities & Shareholders Equity $130.5M $128.5M
YoY Change 1.57% 0.55%

Cashflow Statement

Concept 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income $1.723M $1.554M
YoY Change 10.85% -15.3%
Depreciation, Depletion And Amortization $1.247M $1.164M
YoY Change 7.12% 5.85%
Cash From Operating Activities -$1.269M -$2.177M
YoY Change -41.7% 44.19%
INVESTING ACTIVITIES
Capital Expenditures $4.083M $2.494M
YoY Change 63.7% -219.34%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$4.079M -$2.494M
YoY Change 63.6% 19.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $32.85K $530.4K
YoY Change -93.81%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.999M -$3.636M
YoY Change -182.5% 526.82%
NET CHANGE
Cash From Operating Activities -$1.269M -$2.177M
Cash From Investing Activities -$4.079M -$2.494M
Cash From Financing Activities $2.999M -$3.636M
Net Change In Cash -$2.349M -$8.306M
YoY Change -71.72% 99.19%
FREE CASH FLOW
Cash From Operating Activities -$1.269M -$2.177M
Capital Expenditures $4.083M $2.494M
Free Cash Flow -$5.353M -$4.671M
YoY Change 14.58% -905.43%

Facts In Submission

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CY2013Q4 us-gaap Payments To Acquire Property Plant And Equipment
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CY2013Q4 us-gaap Proceeds From Collection Of Notes Receivable
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CY2013Q4 us-gaap Proceeds From Issuance Of Common Stock
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CY2013Q4 us-gaap Proceeds From Lines Of Credit
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CY2012Q4 us-gaap Proceeds From Lines Of Credit
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CY2013Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2012Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
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720 USD
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CY2013Q3 us-gaap Regulatory Assets Noncurrent
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CY2013Q4 us-gaap Repayments Of Lines Of Credit
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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17000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.43
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.95
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2013Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
15000000 USD
CY2013Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1721 shares
CY2012Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
27720 shares
CY2013Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
12552 USD
CY2012Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0 USD
CY2013Q4 us-gaap Stockholders Equity
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CY2013Q3 us-gaap Stockholders Equity
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CY2013Q4 us-gaap Unregulated Operating Revenue
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CY2012Q4 us-gaap Unregulated Operating Revenue
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287853 USD
CY2013Q4 us-gaap Utilities Operating Expense
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4930346 USD
CY2012Q4 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
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CY2013Q4 us-gaap Utilities Operating Expense Depreciation And Amortization
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1198799 USD
CY2012Q4 us-gaap Utilities Operating Expense Depreciation And Amortization
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1120472 USD
CY2013Q4 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
3343350 USD
CY2012Q4 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
3504843 USD
CY2013Q4 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
388197 USD
CY2012Q4 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
361077 USD
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4677841 shares
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4710599 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4710467 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4677841 shares
CY2013Q4 rgco Cost Of Plant Retirement
CostOfPlantRetirement
82487 USD
CY2012Q4 rgco Cost Of Plant Retirement
CostOfPlantRetirement
94933 USD
CY2013Q4 rgco Cost Of Sales
CostOfSales
11808202 USD
CY2012Q4 rgco Cost Of Sales
CostOfSales
10810109 USD
CY2012Q4 rgco Heating Degreea Day Variance
HeatingDegreeaDayVariance
0.08
CY2013Q4 rgco Maximum Percentage Of Accounts Receivable From Single Customer
MaximumPercentageOfAccountsReceivableFromSingleCustomer
0.05
CY2013 rgco Maximum Percentage Of Accounts Receivable From Single Customer
MaximumPercentageOfAccountsReceivableFromSingleCustomer
0.05
CY2013Q3 rgco Natural Gas Purchases Fair Value Disclosure
NaturalGasPurchasesFairValueDisclosure
1177521 USD
CY2013Q4 rgco Natural Gas Purchases Fair Value Disclosure
NaturalGasPurchasesFairValueDisclosure
537880 USD
CY2012Q4 rgco Other Comprehensive Income Amortizationof Defined Benefit Plan Recognizedin Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationofDefinedBenefitPlanRecognizedinNetPeriodicPensionCostTax
-20868 USD
CY2013Q4 rgco Other Comprehensive Income Amortizationof Defined Benefit Plan Recognizedin Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationofDefinedBenefitPlanRecognizedinNetPeriodicPensionCostTax
-3971 USD
CY2013Q4 rgco Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansRecognizedInNetPeriodicBenefitCostBeforeTax
-10461 USD
CY2012Q4 rgco Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansRecognizedInNetPeriodicBenefitCostBeforeTax
-54973 USD
CY2012Q4 rgco Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansRecognizedInNetPeriodicPensionCostNetOfTax
-34105 USD
CY2013Q4 rgco Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansRecognizedInNetPeriodicPensionCostNetOfTax
-6490 USD
CY2013Q3 rgco Public Utilities Property Plant And Equipment In Service Net
PublicUtilitiesPropertyPlantAndEquipmentInServiceNet
95735234 USD
CY2013Q4 rgco Public Utilities Property Plant And Equipment In Service Net
PublicUtilitiesPropertyPlantAndEquipmentInServiceNet
98151081 USD
CY2013Q3 rgco Regulatory Cost Of Retirement Obligations
RegulatoryCostOfRetirementObligations
8180173 USD
CY2013Q4 rgco Regulatory Cost Of Retirement Obligations
RegulatoryCostOfRetirementObligations
8360137 USD
CY2013Q4 rgco Unregulated Cost Of Sales
UnregulatedCostOfSales
136208 USD
CY2012Q4 rgco Unregulated Cost Of Sales
UnregulatedCostOfSales
159648 USD
CY2013Q4 rgco Wn Aweatherbandpercentage
WNAweatherbandpercentage
0.03
CY2013Q4 dei Amendment Flag
AmendmentFlag
false
CY2013Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2013Q4 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2013Q4 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013Q4 dei Document Type
DocumentType
10-Q
CY2013Q4 dei Entity Central Index Key
EntityCentralIndexKey
0001069533
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
4711367 shares
CY2013Q4 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q4 dei Entity Registrant Name
EntityRegistrantName
RGC RESOURCES INC

Files In Submission

Name View Source Status
0001069533-14-000007-index-headers.html Edgar Link pending
0001069533-14-000007-index.html Edgar Link pending
0001069533-14-000007.txt Edgar Link pending
0001069533-14-000007-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
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R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
rgco-20131231.xml Edgar Link completed
rgco-20131231.xsd Edgar Link pending
rgco-20131231x10qxq1.htm Edgar Link pending
rgco-20131231_cal.xml Edgar Link unprocessable
rgco-20131231_def.xml Edgar Link unprocessable
rgco-20131231_lab.xml Edgar Link unprocessable
rgco-20131231_pre.xml Edgar Link unprocessable
rgco-ex311x20131231xq1.htm Edgar Link pending
rgco-ex312x20131231xq1.htm Edgar Link pending
rgco-ex321x20131231xq1.htm Edgar Link pending
rgco-ex322x20131231xq1.htm Edgar Link pending
Show.js Edgar Link pending