$SLNG
Stabilis Solutions, Inc.

2013 Q4 Form 10-Q Financial Statement

#000119312513441431 Filed on November 14, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $16.50M $16.24M $11.73M
YoY Change 9.72% 38.47% -14.42%
Cost Of Revenue $12.94M $14.72M $10.04M
YoY Change 3.11% 46.65% -12.88%
Gross Profit $3.554M $2.759M $1.689M
YoY Change 42.73% 63.35% -22.52%
Gross Profit Margin 21.54% 16.99% 14.41%
Selling, General & Admin $2.350M $1.873M $1.566M
YoY Change 11.9% 19.6% -20.51%
% of Gross Profit 66.12% 67.89% 92.72%
Research & Development $140.0K $112.0K $0.00
YoY Change 100.0% -100.0%
% of Gross Profit 3.94% 4.06% 0.0%
Depreciation & Amortization $150.0K $130.0K $210.0K
YoY Change -25.0% -38.1% 5.0%
% of Gross Profit 4.22% 4.71% 12.43%
Operating Expenses $2.500M $2.111M $1.566M
YoY Change 15.74% 34.8% -26.48%
Operating Profit $1.054M $756.0K $123.0K
YoY Change 219.39% 514.63% 146.0%
Interest Expense -$50.00K $27.00K $29.00K
YoY Change -111.63% -6.9% -96.23%
% of Operating Profit -4.74% 3.57% 23.58%
Other Income/Expense, Net -$20.00K
YoY Change -85.71%
Pretax Income $1.010M $1.097M $817.0K
YoY Change 40.28% 34.27% 20.15%
Income Tax -$30.00K $110.0K $232.0K
% Of Pretax Income -2.97% 10.03% 28.4%
Net Earnings $680.0K $901.0K $585.0K
YoY Change 19.3% 54.02% 62.5%
Net Earnings / Revenue 4.12% 5.55% 4.99%
Basic Earnings Per Share $0.07 $0.11 $0.06
Diluted Earnings Per Share $571.4K $0.10 $0.06
COMMON SHARES
Basic Shares Outstanding 8.005M shares 8.004M 7.915M shares
Diluted Shares Outstanding 9.497M 8.223M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.150M $4.180M $6.080M
YoY Change -7.37% -31.25% 225.13%
Cash & Equivalents $4.148M $4.176M $6.084M
Short-Term Investments
Other Short-Term Assets $8.810M $4.980M $1.640M
YoY Change 248.22% 203.66% -45.87%
Inventory $5.216M $7.454M $5.580M
Prepaid Expenses
Receivables $11.48M $10.65M $8.230M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $26.60M $27.25M $21.53M
YoY Change 19.01% 26.57% 6.06%
LONG-TERM ASSETS
Property, Plant & Equipment $6.040M $5.172M $4.560M
YoY Change 22.71% 13.42% 5.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.03M $2.101M $11.06M
YoY Change 14.2% -81.0% 23.99%
Other Assets $126.0K $200.0K $330.0K
YoY Change -57.58% -39.39% -88.13%
Total Long-Term Assets $19.24M $18.46M $15.95M
YoY Change 15.72% 15.74% -0.5%
TOTAL ASSETS
Total Short-Term Assets $26.60M $27.25M $21.53M
Total Long-Term Assets $19.24M $18.46M $15.95M
Total Assets $45.84M $45.71M $37.48M
YoY Change 17.61% 21.96% 3.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.850M $6.166M $4.450M
YoY Change 31.82% 38.56% 0.23%
Accrued Expenses $2.310M $1.980M $1.510M
YoY Change 13.79% 31.13% -14.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $500.0K $90.00K
YoY Change -100.0% 455.56% -35.71%
Total Short-Term Liabilities $11.31M $12.67M $8.180M
YoY Change 11.91% 54.87% -1.56%
LONG-TERM LIABILITIES
Long-Term Debt $500.0K $0.00 $1.500M
YoY Change 0.0% -100.0% -70.65%
Other Long-Term Liabilities $210.0K $190.0K $120.0K
YoY Change 75.0% 58.33% -61.29%
Total Long-Term Liabilities $710.0K $190.0K $1.620M
YoY Change 14.52% -88.27% -70.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.31M $12.67M $8.180M
Total Long-Term Liabilities $710.0K $190.0K $1.620M
Total Liabilities $15.57M $16.53M $12.76M
YoY Change 12.88% 29.57% -7.0%
SHAREHOLDERS EQUITY
Retained Earnings $14.79M $14.20M
YoY Change 39.8%
Common Stock $10.50M $10.05M
YoY Change 9.34%
Preferred Stock
YoY Change
Treasury Stock (at cost) $238.0K $238.0K
YoY Change 158.7%
Treasury Stock Shares $49.86K 49.86K shares
Shareholders Equity $26.04M $24.95M $24.72M
YoY Change
Total Liabilities & Shareholders Equity $45.84M $45.71M $37.48M
YoY Change 17.61% 21.96% 3.17%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $680.0K $901.0K $585.0K
YoY Change 19.3% 54.02% 62.5%
Depreciation, Depletion And Amortization $150.0K $130.0K $210.0K
YoY Change -25.0% -38.1% 5.0%
Cash From Operating Activities $480.0K -$2.250M $3.240M
YoY Change -260.0% -169.44% -723.08%
INVESTING ACTIVITIES
Capital Expenditures -$1.190M -$190.0K -$520.0K
YoY Change 120.37% -63.46% 1200.0%
Acquisitions
YoY Change
Other Investing Activities $710.0K $1.280M $0.00
YoY Change 121.88% -100.0%
Cash From Investing Activities -$480.0K $1.100M -$510.0K
YoY Change 108.7% -315.69% 264.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -30.00K -90.00K -590.0K
YoY Change -97.22% -84.75% 1866.67%
NET CHANGE
Cash From Operating Activities 480.0K -2.250M 3.240M
Cash From Investing Activities -480.0K 1.100M -510.0K
Cash From Financing Activities -30.00K -90.00K -590.0K
Net Change In Cash -30.00K -1.240M 2.140M
YoY Change -98.14% -157.94% -410.14%
FREE CASH FLOW
Cash From Operating Activities $480.0K -$2.250M $3.240M
Capital Expenditures -$1.190M -$190.0K -$520.0K
Free Cash Flow $1.670M -$2.060M $3.760M
YoY Change 595.83% -154.79% -883.33%

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dei Entity Registrant Name
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us-gaap Earnings Per Share Basic
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Income Taxes Paid
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us-gaap Stock Issued1
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us-gaap Interest Paid
InterestPaid
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us-gaap Net Income Loss
NetIncomeLoss
1735000
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117000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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116000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
657000
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Increase Decrease In Contract Receivables Net
IncreaseDecreaseInContractReceivablesNet
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us-gaap Sales Revenue Net
SalesRevenueNet
39029000
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us-gaap Convertible Preferred Dividends Net Of Tax
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InventoryWriteDown
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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140000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
90000
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SellingExpense
1831000
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
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5000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
676000
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2335000
us-gaap Interest Expense
InterestExpense
116000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
39000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
17000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
7000
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ProceedsFromRepaymentsOfLinesOfCredit
-3500000
us-gaap Operating Expenses
OperatingExpenses
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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aeti Gross Profit Percentage
GrossProfitPercentage
0.14 pure
aeti Operating Income Loss Percentage
OperatingIncomeLossPercentage
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aeti Amortization Of Discount On Preferred Stock
AmortizationOfDiscountOnPreferredStock
24000
aeti Effect Dividend Tax Rate
EffectDividendTaxRate
0.25 pure
aeti Income Loss From Domestic Operations And Net Equity Income From Foreign Joint Ventures
IncomeLossFromDomesticOperationsAndNetEquityIncomeFromForeignJointVentures
2417000
aeti Joint Venture Management Related Expenses
JointVentureManagementRelatedExpenses
246000
aeti Net Equity Income From Foreign Joint Ventures
NetEquityIncomeFromForeignJointVentures
2325000
aeti Repayments Of Advances And Dividends From Foreign Joint Ventures
RepaymentsOfAdvancesAndDividendsFromForeignJointVentures
907000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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EarningsPerShareBasic
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CY2012Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
308371 shares
CY2012Q3 us-gaap Gross Profit
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1689000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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500000
CY2012Q3 us-gaap Undistributed Earnings Diluted
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500000
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123000
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585000
CY2012Q3 us-gaap Income Loss From Equity Method Investments
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746000
CY2012Q3 us-gaap Sales Revenue Net
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CY2012Q3 us-gaap Convertible Preferred Dividends Net Of Tax
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CY2012Q3 us-gaap General And Administrative Expense
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CY2012Q3 us-gaap Cost Of Goods And Services Sold
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10036000
CY2012Q3 us-gaap Selling Expense
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471000
CY2012Q3 us-gaap Interest Expense
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CY2013Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2013Q3 us-gaap Earnings Per Share Basic
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CY2012Q3 us-gaap Redeemable Preferred Stock Dividends
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CY2012Q3 us-gaap Operating Expenses
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CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
232000
CY2012Q3 aeti Gross Profit Percentage
GrossProfitPercentage
0.14 pure
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OperatingIncomeLossPercentage
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CY2012Q3 aeti Amortization Of Discount On Preferred Stock
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10000
CY2012Q3 aeti Income Loss From Domestic Operations And Net Equity Income From Foreign Joint Ventures
IncomeLossFromDomesticOperationsAndNetEquityIncomeFromForeignJointVentures
846000
CY2012Q3 aeti Joint Venture Management Related Expenses
JointVentureManagementRelatedExpenses
23000
CY2012Q3 aeti Net Equity Income From Foreign Joint Ventures
NetEquityIncomeFromForeignJointVentures
723000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8004026 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
1000000 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
459358 shares
CY2013Q3 us-gaap Gross Profit
GrossProfit
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CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1097000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
901000
CY2013Q3 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
987000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
756000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2013Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
434000
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
17585000
CY2013Q3 us-gaap Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
86000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2013Q3 us-gaap Cost Of Goods And Services Sold
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CY2013Q3 us-gaap Selling Expense
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CY2013Q3 us-gaap Interest Expense
InterestExpense
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CY2013Q3 us-gaap Research And Development Expense
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CY2013Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
86000
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
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CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
110000
CY2013Q3 aeti Gross Profit Percentage
GrossProfitPercentage
0.16 pure
CY2013Q3 aeti Operating Income Loss Percentage
OperatingIncomeLossPercentage
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CY2013Q3 aeti Amortization Of Discount On Preferred Stock
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11000
CY2013Q3 aeti Income Loss From Domestic Operations And Net Equity Income From Foreign Joint Ventures
IncomeLossFromDomesticOperationsAndNetEquityIncomeFromForeignJointVentures
1124000
CY2013Q3 aeti Joint Venture Management Related Expenses
JointVentureManagementRelatedExpenses
66000
CY2013Q3 aeti Net Equity Income From Foreign Joint Ventures
NetEquityIncomeFromForeignJointVentures
368000

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