2022 Q2 Form 10-Q Financial Statement

#000143774922011338 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $17.26M $29.53M $23.26M
YoY Change 22.86% 4.52% 19.19%
Cost Of Revenue $9.229M $14.93M $11.32M
YoY Change 46.62% 3.31% 46.83%
Gross Profit $8.031M $14.60M $11.94M
YoY Change 3.57% 5.81% 1.12%
Gross Profit Margin 46.53% 49.45% 51.34%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.277M $2.327M $2.329M
YoY Change 4.75% 6.27% 5.14%
% of Gross Profit 28.35% 15.94% 19.5%
Operating Expenses $6.391M $7.158M $6.564M
YoY Change 2.88% 6.84% 5.36%
Operating Profit $1.640M $7.443M $5.378M
YoY Change 6.34% 4.84% -3.64%
Interest Expense -$1.102M $1.104M $1.105M
YoY Change -210.17% 9.53% 8.34%
% of Operating Profit -67.19% 14.83% 20.54%
Other Income/Expense, Net $221.1K $344.5K $322.4K
YoY Change 69.86% 19.81% -2.3%
Pretax Income $759.3K -$33.14M $4.668M
YoY Change -5.81% -619.79% -25.29%
Income Tax $166.8K -$8.644M $1.084M
% Of Pretax Income 21.97% 23.21%
Net Earnings $592.5K -$24.49M $3.585M
YoY Change -3.0% -613.78% -24.11%
Net Earnings / Revenue 3.43% -82.95% 15.41%
Basic Earnings Per Share $0.06 -$2.89 $0.43
Diluted Earnings Per Share $60.44K -$2.89 $0.43
COMMON SHARES
Basic Shares Outstanding 9.791M 8.487M 8.384M
Diluted Shares Outstanding 9.804M 8.487M 8.393M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.81M $9.432M $1.752M
YoY Change 988.88% 1247.43% 150.27%
Cash & Equivalents $13.81M $9.432M $1.752M
Short-Term Investments
Other Short-Term Assets $6.105M $4.556M $2.363M
YoY Change 353.47% 139.93% 29.11%
Inventory $8.846M $3.107M $8.451M
Prepaid Expenses
Receivables $6.828M $11.00M $11.85M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $35.59M $32.52M $32.45M
YoY Change 139.45% 96.34% 55.23%
LONG-TERM ASSETS
Property, Plant & Equipment $224.1M $218.7M $215.4M
YoY Change 7.77% 7.37% 6.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $28.16M $27.32M $66.87M
YoY Change -54.97% -54.87% 10.71%
Other Assets $10.85M $37.13M $75.43M
YoY Change -85.35% -48.36% 5.25%
Total Long-Term Assets $263.2M $255.8M $290.8M
YoY Change -6.68% -7.17% 6.34%
TOTAL ASSETS
Total Short-Term Assets $35.59M $32.52M $32.45M
Total Long-Term Assets $263.2M $255.8M $290.8M
Total Assets $298.7M $288.4M $323.2M
YoY Change 0.63% -1.3% 9.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.120M $5.809M $6.213M
YoY Change 69.26% 27.51% 13.6%
Accrued Expenses $2.838M $2.831M $2.472M
YoY Change 2.77% 4.32% 4.33%
Deferred Revenue $683.0K $1.388M
YoY Change -19.84% -32.01%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K $19.71M $28.54M
YoY Change -87.14% 181.5% 307.72%
Total Short-Term Liabilities $21.06M $36.58M $44.76M
YoY Change -2.51% 76.06% 98.69%
LONG-TERM LIABILITIES
Long-Term Debt $130.3M $104.8M $124.8M
YoY Change 5.78% -13.19% -1.06%
Other Long-Term Liabilities $35.83M $41.48M $51.37M
YoY Change -32.74% -21.8% -3.33%
Total Long-Term Liabilities $166.1M $146.3M $176.2M
YoY Change -5.85% -15.82% -1.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.06M $36.58M $44.76M
Total Long-Term Liabilities $166.1M $146.3M $176.2M
Total Liabilities $193.2M $182.9M $220.9M
YoY Change -2.46% -6.01% 9.48%
SHAREHOLDERS EQUITY
Retained Earnings $15.19M $41.60M
YoY Change -63.94% 6.96%
Common Stock $89.93M $61.88M
YoY Change 54.54% 8.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $105.6M $105.5M $102.3M
YoY Change
Total Liabilities & Shareholders Equity $298.7M $288.4M $323.2M
YoY Change 0.63% -1.3% 9.81%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $592.5K -$24.49M $3.585M
YoY Change -3.0% -613.78% -24.11%
Depreciation, Depletion And Amortization $2.277M $2.327M $2.329M
YoY Change 4.75% 6.27% 5.14%
Cash From Operating Activities $6.804M $16.54M -$3.545M
YoY Change 41.57% 74.82% -2418.2%
INVESTING ACTIVITIES
Capital Expenditures -$6.672M -$5.021M $5.737M
YoY Change 11.53% 37.57% 7.58%
Acquisitions
YoY Change
Other Investing Activities -$772.3K -$1.424M -$2.096M
YoY Change -41.88% 649.74% -16.84%
Cash From Investing Activities -$7.445M -$6.446M -$7.833M
YoY Change 1.82% 67.86% -0.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $294.3K
YoY Change 7.26%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.020M -2.412M $11.61M
YoY Change 65.0% -57.17% 42.54%
NET CHANGE
Cash From Operating Activities 6.804M 16.54M -$3.545M
Cash From Investing Activities -7.445M -6.446M -$7.833M
Cash From Financing Activities 5.020M -2.412M $11.61M
Net Change In Cash 4.379M 7.680M $233.6K
YoY Change 715.0% -76901.2% -47.59%
FREE CASH FLOW
Cash From Operating Activities $6.804M $16.54M -$3.545M
Capital Expenditures -$6.672M -$5.021M $5.737M
Free Cash Flow $13.48M $21.56M -$9.282M
YoY Change 24.91% 64.45% 79.19%

Facts In Submission

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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q1 rgco Effective Income Tax Rate Reconciliation At Federal And State Statutory Income Tax Rate Percent
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CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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22382 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
2525441 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
650050 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1875391 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
619126 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
159364 USD
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
459762 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-273708 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
70451 USD
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-203257 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
892834 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
229815 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
663019 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-40034 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
10306 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-29728 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
932868 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
240121 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
692747 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-24494429 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4767478 USD
us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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8486518
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8217822
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8434689
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8192533
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
12828
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
13621
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8486518
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8230650
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8434689
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8206154
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.89
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.89
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.48
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0 USD
CY2022Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
900000 USD
CY2022Q1 us-gaap Revenues
Revenues
29529683 USD
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2268704 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
7443388 USD
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-445 USD
CY2022Q1 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
39822213 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
1103844 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-33138604 USD
CY2021Q1 us-gaap Revenues
Revenues
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CY2021Q1 us-gaap Depreciation And Amortization
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CY2021Q1 us-gaap Operating Income Loss
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CY2021Q1 us-gaap Income Loss From Equity Method Investments
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CY2021Q1 us-gaap Interest Expense
InterestExpense
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CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Revenues
Revenues
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Income Loss From Equity Method Investments
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us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
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us-gaap Interest Expense
InterestExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-28470471 USD
us-gaap Revenues
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us-gaap Depreciation And Amortization
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us-gaap Operating Income Loss
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us-gaap Income Loss From Equity Method Investments
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us-gaap Interest Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022Q1 us-gaap Assets
Assets
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CY2021Q3 us-gaap Assets
Assets
310109193 USD
CY2022Q1 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
1997076 USD
CY2021Q3 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
5656453 USD
CY2022Q1 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
11945 USD
CY2021Q3 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
11945 USD
CY2022Q1 rgco Public Utilities Property Plant And Equipment Construction Work In Progress Allowance For Funds Used During Construction
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgressAllowanceForFundsUsedDuringConstruction
386189 USD
CY2021Q3 rgco Public Utilities Property Plant And Equipment Construction Work In Progress Allowance For Funds Used During Construction
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgressAllowanceForFundsUsedDuringConstruction
386189 USD
CY2022Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
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CY2021Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
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CY2022Q1 us-gaap Regulatory Assets
RegulatoryAssets
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CY2021Q3 us-gaap Regulatory Assets
RegulatoryAssets
12824346 USD
CY2022Q1 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
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CY2021Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
329959 USD
CY2022Q1 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
7876084 USD
CY2021Q3 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
7628958 USD
CY2022Q1 rgco Regulatory Cost Of Retirement Obligations
RegulatoryCostOfRetirementObligations
14126243 USD
CY2021Q3 rgco Regulatory Cost Of Retirement Obligations
RegulatoryCostOfRetirementObligations
13640567 USD
CY2022Q1 rgco Regulatory Liabilities And Asset Retirement Obligations Noncurrent
RegulatoryLiabilitiesAndAssetRetirementObligationsNoncurrent
34708845 USD
CY2021Q3 rgco Regulatory Liabilities And Asset Retirement Obligations Noncurrent
RegulatoryLiabilitiesAndAssetRetirementObligationsNoncurrent
34160767 USD
CY2022Q1 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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CY2021Q3 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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CY2022Q1 us-gaap Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
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9089280 USD
CY2021Q3 us-gaap Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
RemainingAmountsOfRegulatoryAssetsForWhichNoReturnOnInvestmentDuringRecoveryPeriodIsProvided
12812401 USD

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