$SLNG
Stabilis Solutions, Inc.

2016 Q4 Form 10-Q Financial Statement

#000156459016029173 Filed on November 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $9.397M $8.673M $13.78M
YoY Change 22.2% -37.06% -3.52%
Cost Of Revenue $9.250M $9.120M $11.22M
YoY Change 15.77% -18.72% -18.64%
Gross Profit $150.0K -$451.0K $2.561M
YoY Change -150.34% -117.61% 417.37%
Gross Profit Margin 1.6% -5.2% 18.58%
Selling, General & Admin $1.750M $2.050M $2.070M
YoY Change -29.15% -0.97% -8.41%
% of Gross Profit 1166.67% 80.83%
Research & Development $100.0K $150.0K $280.0K
YoY Change -62.96% -46.43% -34.88%
% of Gross Profit 66.67% 10.93%
Depreciation & Amortization $220.0K $220.0K $210.0K
YoY Change 0.0% 4.76% 5.0%
% of Gross Profit 146.67% 8.2%
Operating Expenses $1.850M $2.200M $2.340M
YoY Change -32.48% -5.98% -12.69%
Operating Profit -$1.700M -$2.651M $221.0K
YoY Change -44.04% -1299.55% -110.11%
Interest Expense -$10.00K $80.00K -$110.0K
YoY Change -150.0% -172.73% -152.38%
% of Operating Profit -49.77%
Other Income/Expense, Net
YoY Change
Pretax Income -$1.710M -$2.570M $110.0K
YoY Change -43.38% -2436.36% -105.56%
Income Tax -$10.00K $60.00K -$90.00K
% Of Pretax Income -81.82%
Net Earnings -$1.704M -$2.624M $204.0K
YoY Change -52.9% -1386.27% -110.18%
Net Earnings / Revenue -18.13% -30.25% 1.48%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share -$1.635M -$2.519M $0.01
COMMON SHARES
Basic Shares Outstanding 8.336M 8.331M 8.252M
Diluted Shares Outstanding 8.252M

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.620M $2.900M $9.170M
YoY Change -79.72% -68.38% 285.29%
Cash & Equivalents $1.618M $2.903M $9.168M
Short-Term Investments
Other Short-Term Assets $6.690M $6.060M $3.140M
YoY Change 113.74% 92.99% -41.85%
Inventory $1.181M $1.470M $1.470M
Prepaid Expenses
Receivables $6.717M $7.270M $8.020M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.20M $17.70M $21.79M
YoY Change -16.06% -18.77% -3.07%
LONG-TERM ASSETS
Property, Plant & Equipment $7.298M $7.450M $8.140M
YoY Change -7.8% -8.48% -4.68%
Goodwill
YoY Change
Intangibles $527.0K
YoY Change 141.74%
Long-Term Investments $10.66M $2.048M $2.047M
YoY Change -3.96% 0.05% -0.05%
Other Assets $46.00K $20.00K $960.0K
YoY Change -6.12% -97.92% 37.14%
Total Long-Term Assets $19.18M $18.80M $20.50M
YoY Change -0.53% -8.29% -2.57%
TOTAL ASSETS
Total Short-Term Assets $16.20M $17.70M $21.79M
Total Long-Term Assets $19.18M $18.80M $20.50M
Total Assets $35.38M $36.50M $42.29M
YoY Change -8.3% -13.69% -2.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.800M $8.970M $4.700M
YoY Change 143.12% 90.85% -40.51%
Accrued Expenses $1.090M $880.0K $1.770M
YoY Change -4.39% -50.28% 29.2%
Deferred Revenue
YoY Change
Short-Term Debt $1.500M $1.500M $1.500M
YoY Change 44.23% 0.0%
Long-Term Debt Due $300.0K $300.0K $270.0K
YoY Change 0.0% 11.11%
Total Short-Term Liabilities $12.90M $11.99M $9.340M
YoY Change 54.39% 28.37% -20.91%
LONG-TERM LIABILITIES
Long-Term Debt $3.900M $4.050M $3.580M
YoY Change -7.14% 13.13% 616.0%
Other Long-Term Liabilities $260.0K $270.0K $300.0K
YoY Change -16.13% -10.0% 11.11%
Total Long-Term Liabilities $4.160M $4.320M $3.880M
YoY Change -7.76% 11.34% 403.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.90M $11.99M $9.340M
Total Long-Term Liabilities $4.160M $4.320M $3.880M
Total Liabilities $19.88M $19.22M $16.09M
YoY Change 24.86% 19.45% 0.5%
SHAREHOLDERS EQUITY
Retained Earnings -$638.0K
YoY Change -109.42%
Common Stock $12.62M
YoY Change 4.83%
Preferred Stock
YoY Change
Treasury Stock (at cost) $863.0K
YoY Change 8.96%
Treasury Stock Shares $163.5K
Shareholders Equity $11.12M $17.28M $26.20M
YoY Change
Total Liabilities & Shareholders Equity $35.38M $36.50M $42.29M
YoY Change -8.3% -13.69% -2.83%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$1.704M -$2.624M $204.0K
YoY Change -52.9% -1386.27% -110.18%
Depreciation, Depletion And Amortization $220.0K $220.0K $210.0K
YoY Change 0.0% 4.76% 5.0%
Cash From Operating Activities -$1.040M -$1.340M $1.070M
YoY Change -26.24% -225.23% 16.3%
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$200.0K -$110.0K
YoY Change 433.33% 81.82% -90.18%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$160.0K -$200.0K -$110.0K
YoY Change -184.21% 81.82% -90.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K 490.0K -50.00K
YoY Change -133.33% -1080.0% -82.14%
NET CHANGE
Cash From Operating Activities -1.040M -1.340M 1.070M
Cash From Investing Activities -160.0K -200.0K -110.0K
Cash From Financing Activities -70.00K 490.0K -50.00K
Net Change In Cash -1.270M -1.050M 910.0K
YoY Change 25.74% -215.38% -278.43%
FREE CASH FLOW
Cash From Operating Activities -$1.040M -$1.340M $1.070M
Capital Expenditures -$160.0K -$200.0K -$110.0K
Free Cash Flow -$880.0K -$1.140M $1.180M
YoY Change -36.23% -196.61% -42.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7989000
CY2016Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8335968
CY2015Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
507000
CY2015Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
218000
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
326000
aeti Net Equity Income Loss From Foreign Joint Ventures
NetEquityIncomeLossFromForeignJointVentures
315000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
71000
us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
13000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
457000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
154000
us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
589000
us-gaap Proceeds From Dividends Received
ProceedsFromDividendsReceived
1170000
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
4000000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-2500000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5618000
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9168000
us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
49000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
150000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1223000
us-gaap Interest Paid
InterestPaid
137000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
99000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5086000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3550000
us-gaap Interest Paid
InterestPaid
162000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3915000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1252000
us-gaap Increase Decrease In Cost In Excess Of Billing On Uncompleted Contract
IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract
-142000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-707000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1752000
aeti Gain Loss On Disposal Of Fixed Assets
GainLossOnDisposalOfFixedAssets
75000
aeti Gain Loss On Disposal Of Fixed Assets
GainLossOnDisposalOfFixedAssets
-84000
aeti Bad Debt Expense Recovery
BadDebtExpenseRecovery
-55000
us-gaap Inventory Write Down
InventoryWriteDown
47000
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
-33000
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
12000
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-969000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-393000
aeti Increase Decrease In Foreign Currency Translation Adjustment
IncreaseDecreaseInForeignCurrencyTranslationAdjustment
410000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-5560000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
3784000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
309000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
572000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
559000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
611000
us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
22000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
150000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
75000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.20
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1041717
aeti Interest In Joint Venture Foreign
InterestInJointVentureForeign
2
aeti Income Loss From Equity Method Investments In Foreign Joint Venture
IncomeLossFromEquityMethodInvestmentsInForeignJointVenture
638000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
589000
aeti Change In Equity Method Investment Foreign Currency Translation
ChangeInEquityMethodInvestmentForeignCurrencyTranslation
-348000
CY2016Q3 us-gaap Equity Method Investments
EquityMethodInvestments
2048000
CY2016Q3 aeti Equity Method Investments Undistributed Earnings
EquityMethodInvestmentsUndistributedEarnings
8135000
CY2016Q3 aeti Investment In Foreign Currency Translation
InvestmentInForeignCurrencyTranslation
622000
CY2016Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
636000
CY2015Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
594000
CY2016Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
914000
CY2015Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
791000
CY2016Q3 us-gaap Inventory Gross
InventoryGross
1550000
CY2015Q4 us-gaap Inventory Gross
InventoryGross
1385000
CY2015Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2015Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.84
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
40000
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
40000
CY2016Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
10000
CY2015Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
10000

Files In Submission

Name View Source Status
0001564590-16-029173-index-headers.html Edgar Link pending
0001564590-16-029173-index.html Edgar Link pending
0001564590-16-029173.txt Edgar Link pending
0001564590-16-029173-xbrl.zip Edgar Link pending
aeti-10q_20160930.htm Edgar Link pending
aeti-20160930.xml Edgar Link completed
aeti-20160930.xsd Edgar Link pending
aeti-20160930_cal.xml Edgar Link unprocessable
aeti-20160930_def.xml Edgar Link unprocessable
aeti-20160930_lab.xml Edgar Link unprocessable
aeti-20160930_pre.xml Edgar Link unprocessable
aeti-ex311_7.htm Edgar Link pending
aeti-ex312_6.htm Edgar Link pending
aeti-ex321_8.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending