2014 Q1 Form 10-Q Financial Statement

#000139372614000021 Filed on May 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1 2013
Revenue $10.87M $22.11M $23.74M
YoY Change -50.84% 456.1% -66.18%
Cost Of Revenue $0.00 $9.500M $0.00
YoY Change -100.0% -100.0%
Gross Profit $10.87M $12.60M $23.74M
YoY Change -13.76% -30.78%
Gross Profit Margin 100.0% 57.0% 100.0%
Selling, General & Admin $5.700M $1.533M $16.70M
YoY Change 271.82% 30.8% 251.14%
% of Gross Profit 52.46% 12.17% 70.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.574M $900.0K $3.783M
YoY Change 74.89% -10.0% 71.95%
% of Gross Profit 14.49% 7.14% 15.93%
Operating Expenses $13.85M $22.54M $36.34M
YoY Change -38.55% 761.22% -45.99%
Operating Profit -$2.983M -$9.938M -$12.60M
YoY Change -69.98% -61.81%
Interest Expense $2.814M $3.835M $4.865M
YoY Change -26.62% 1178.33% -39.91%
% of Operating Profit
Other Income/Expense, Net $2.578M $8.703M $5.610M
YoY Change -70.38% -78.32%
Pretax Income $1.660M $6.310M $16.27M
YoY Change -73.69% -1362.0% -55.37%
Income Tax -$652.0K $1.299M $560.0K
% Of Pretax Income -39.28% 20.59% 3.44%
Net Earnings $1.626M $1.318M $10.39M
YoY Change 23.37% 348.3% 19.06%
Net Earnings / Revenue 14.96% 5.96% 43.77%
Basic Earnings Per Share $0.10 $0.13 $1.01
Diluted Earnings Per Share $0.10 $0.13 $1.01
COMMON SHARES
Basic Shares Outstanding 10.59M shares 10.25M shares 10.25M shares
Diluted Shares Outstanding 10.59M shares 10.25M shares 10.25M shares

Balance Sheet

Concept 2014 Q1 2013 Q1 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.8M $27.80M $97.60M
YoY Change 348.92% -44.29% 10.16%
Cash & Equivalents $101.0M $61.26M $97.60M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.200M $8.600M
Other Receivables $0.00 $0.00
Total Short-Term Assets $124.8M $29.00M $106.2M
YoY Change 330.34% -41.88% 19.86%
LONG-TERM ASSETS
Property, Plant & Equipment $105.9M $141.0M $97.40M
YoY Change -24.89% 16.05% -18.01%
Goodwill $4.617M
YoY Change
Intangibles $154.1M
YoY Change
Long-Term Investments $8.566M $2.493M $217.1M
YoY Change 243.6% -69.6% 105.0%
Other Assets $39.20M $4.980B
YoY Change 18980.84%
Total Long-Term Assets $6.831B $6.851B $6.766B
YoY Change -0.3% 4714.79% 24.26%
TOTAL ASSETS
Total Short-Term Assets $124.8M $29.00M $106.2M
Total Long-Term Assets $6.831B $6.851B $6.766B
Total Assets $6.956B $6.880B $6.872B
YoY Change 1.09% 3479.84% 24.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.600M
YoY Change 6.67%
Accrued Expenses $100.0K
YoY Change 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.100M
YoY Change 93.75%
LONG-TERM LIABILITIES
Long-Term Debt $381.3M $112.9M $269.6M
YoY Change 237.73% 17.97% 37.83%
Other Long-Term Liabilities $6.009B $700.0K $6.206B
YoY Change 858300.0% 16.67% 29.22%
Total Long-Term Liabilities $6.390B $113.6M $6.475B
YoY Change 5525.09% 17.96% 29.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.100M
Total Long-Term Liabilities $6.390B $113.6M $6.475B
Total Liabilities $6.390B $116.6M $6.773B
YoY Change 5378.53% 19.14% 27.25%
SHAREHOLDERS EQUITY
Retained Earnings $19.96M $2.338M
YoY Change 753.64%
Common Stock $84.16M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $121.7M $91.72M $99.00M
YoY Change
Total Liabilities & Shareholders Equity $6.956B $208.4M $6.872B
YoY Change 3238.22% 8.41% 24.19%

Cashflow Statement

Concept 2014 Q1 2013 Q1 2013
OPERATING ACTIVITIES
Net Income $1.626M $1.318M $10.39M
YoY Change 23.37% 348.3% 19.06%
Depreciation, Depletion And Amortization $1.574M $900.0K $3.783M
YoY Change 74.89% -10.0% 71.95%
Cash From Operating Activities $26.63M $10.86M -$3.034M
YoY Change 145.22% -851.11% -108.27%
INVESTING ACTIVITIES
Capital Expenditures $2.000K $2.000K $13.00K
YoY Change 0.0%
Acquisitions -$6.689M $2.114M $7.232M
YoY Change -416.41% -93.81%
Other Investing Activities $22.10M -$381.6M -$689.2M
YoY Change -105.79% 76220.0% 377.95%
Cash From Investing Activities $22.10M -$381.6M -$689.2M
YoY Change -105.79% 69796.7% 377.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $400.0K $2.000K -$3.741M
YoY Change 19900.0% -187150.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$44.47M -411.0K $724.2M
YoY Change 10719.95% -8.05% 110.85%
NET CHANGE
Cash From Operating Activities $26.63M $10.86M -$3.034M
Cash From Investing Activities $22.10M -$381.6M -$689.2M
Cash From Financing Activities -$44.47M -411.0K $724.2M
Net Change In Cash $4.267M -$371.2M $31.99M
YoY Change -101.15% 15118.78% -86.44%
FREE CASH FLOW
Cash From Operating Activities $26.63M $10.86M -$3.034M
Capital Expenditures $2.000K $2.000K $13.00K
Free Cash Flow $26.63M $10.86M -$3.047M
YoY Change 145.24% -850.97% -108.31%

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CY2013Q1 us-gaap Income Tax Expense Benefit
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1299000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
429000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2013 us-gaap Income Taxes Paid
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782000 USD
CY2013Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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-88000 USD
CY2014Q1 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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14156000 USD
CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
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1049000 USD
CY2014Q1 us-gaap Increase Decrease In Other Operating Assets
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914000 USD
CY2014Q1 us-gaap Increase Decrease In Restricted Cash
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9834000 USD
CY2013Q1 us-gaap Increase Decrease In Restricted Cash
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215000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
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154695000 USD
CY2014Q1 us-gaap Intangible Assets Net Excluding Goodwill
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154095000 USD
CY2013Q1 us-gaap Interest Expense
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3835000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
5962000 USD
CY2013 us-gaap Interest Paid
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10295000 USD
CY2012 us-gaap Interest Paid
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8128000 USD
CY2013Q4 us-gaap Interest Rate Derivative Assets At Fair Value
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52000 USD
CY2014Q1 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
514000 USD
CY2013Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
0 USD
CY2014Q1 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
257000 USD
CY2014Q1 us-gaap Investment Income Interest
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5363000 USD
CY2013Q1 us-gaap Investment Income Interest
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3027000 USD
CY2014Q1 us-gaap Labor And Related Expense
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10570000 USD
CY2013Q1 us-gaap Labor And Related Expense
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8628000 USD
CY2014Q1 us-gaap Land
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9213000 USD
CY2013Q4 us-gaap Land
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9213000 USD
CY2014Q1 us-gaap Liabilities
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6390046000 USD
CY2013Q4 us-gaap Liabilities
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6314592000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
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6955516000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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6880448000 USD
CY2014Q1 us-gaap Liability For Future Policy Benefits
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109412000 USD
CY2013Q4 us-gaap Liability For Future Policy Benefits
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112358000 USD
CY2013Q1 us-gaap Liability For Future Policy Benefits Period Expense
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1117000 USD
CY2014Q1 us-gaap Liability For Future Policy Benefits Period Expense
LiabilityForFuturePolicyBenefitsPeriodExpense
1125000 USD
CY2013Q1 us-gaap Liability For Future Policy Benefits Period Increase Decrease
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2475000 USD
CY2014Q1 us-gaap Liability For Future Policy Benefits Period Increase Decrease
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-2946000 USD
CY2014Q1 us-gaap Loans Held For Sale Mortgages
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15776000 USD
CY2013Q4 us-gaap Loans Held For Sale Mortgages
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0 USD
CY2014Q1 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
15776000 USD
CY2013Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
0 USD
CY2013Q4 us-gaap Long Term Debt
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227007000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
112588000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
11360000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
54423000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
21232000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
13739000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
13665000 USD
CY2014Q1 us-gaap Minority Interest
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362732000 USD
CY2013Q4 us-gaap Minority Interest
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361354000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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343467000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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-40873000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
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1048000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-381636000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
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44092000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
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10861000 USD
CY2013Q1 us-gaap Net Income Loss
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1318000 USD
CY2014Q1 us-gaap Net Income Loss
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1025000 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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298000 USD
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4105000 USD
CY2013Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
1310000 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Parent Diluted
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1022000 USD
CY2014Q1 us-gaap Noncontrolling Interest Increase From Business Combination
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1281000 USD
CY2014Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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93000 USD
CY2014Q1 us-gaap Noninterest Expense Commission Expense
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984000 USD
CY2013Q1 us-gaap Noninterest Expense Commission Expense
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555000 USD
CY2014Q1 us-gaap Noninterest Income
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17839000 USD
CY2013Q1 us-gaap Noninterest Income
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17237000 USD
CY2014Q1 us-gaap Number Of Reportable Segments
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4 segment
CY2014Q1 us-gaap Operating Expenses
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30092000 USD
CY2013Q1 us-gaap Operating Expenses
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22538000 USD
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46099000 USD
CY2013Q4 us-gaap Other Assets
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49201000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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64000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
11000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
2000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-25000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
63000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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60000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-45000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
3000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
20000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
57000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-65000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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-35000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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31000 USD
CY2013Q1 us-gaap Other Cost And Expense Operating
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3474000 USD
CY2014Q1 us-gaap Other Cost And Expense Operating
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6156000 USD
CY2014Q1 us-gaap Other Expenses
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12470000 USD
CY2013Q1 us-gaap Other Expenses
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8703000 USD
CY2013Q1 us-gaap Other Income
OtherIncome
218000 USD
CY2014Q1 us-gaap Other Income
OtherIncome
730000 USD
CY2014Q1 us-gaap Other Liabilities
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37092000 USD
CY2013Q4 us-gaap Other Liabilities
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21829000 USD
CY2014Q1 us-gaap Other Sales Revenue Net
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2684000 USD
CY2013Q1 us-gaap Other Sales Revenue Net
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1019000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
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2000 USD
CY2013 us-gaap Payments Of Capital Distribution
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0 USD
CY2012 us-gaap Payments Of Capital Distribution
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810000 USD
CY2013 us-gaap Payments Of Financing Costs
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200000 USD
CY2012 us-gaap Payments Of Financing Costs
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38000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
2429000 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
2429000 USD
CY2013Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2114000 USD
CY2014Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-7213000 USD
CY2014Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
524000 USD
CY2013Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
9833000 USD
CY2013Q1 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
17258000 USD
CY2014Q1 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
2700000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2000 USD
CY2014Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
313000 USD
CY2013Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
97000 USD
CY2014Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
52372000 USD
CY2013Q1 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
24668000 USD
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
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0 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Preferred Stock Value
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0 USD
CY2013Q4 us-gaap Preferred Stock Value
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0 USD
CY2013Q1 us-gaap Proceeds From Collection Of Loans Receivable
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277000 USD
CY2014Q1 us-gaap Proceeds From Collection Of Loans Receivable
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303000 USD
CY2013Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
45000 USD
CY2014Q1 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
0 USD
CY2014Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
278000 USD
CY2013Q1 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
400000 USD
CY2012 us-gaap Proceeds From Issuance Of Secured Debt
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0 USD
CY2013 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
6598000 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
0 USD
CY2013Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
12000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
2590000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
2601000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2601000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2590000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Loans Receivable
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-1224000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
0 USD
CY2013Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
0 USD
CY2014Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
5606000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
35064000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
20508000 USD
CY2013Q1 us-gaap Professional Fees
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1372000 USD
CY2014Q1 us-gaap Professional Fees
ProfessionalFees
1090000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
-2195000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
5852000 USD
CY2014Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
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2774000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1823000 USD
CY2014Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
99414000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
97671000 USD
CY2014Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
105853000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
105061000 USD
CY2013Q4 us-gaap Real Estate Investments
RealEstateInvestments
105061000 USD
CY2014Q1 us-gaap Real Estate Investments
RealEstateInvestments
105853000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3000 USD
CY2013Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
20000 USD
CY2013 us-gaap Repayments Of Notes Payable
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7160000 USD
CY2012 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1250000 USD
CY2013 us-gaap Repayments Of Secured Debt
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422000 USD
CY2012 us-gaap Repayments Of Secured Debt
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371000 USD
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents
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36230000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
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26395000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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18933000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
19958000 USD
CY2014Q1 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
81073000 USD
CY2013Q4 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
84591000 USD
CY2013Q1 us-gaap Revenues
Revenues
22105000 USD
CY2014Q1 us-gaap Revenues
Revenues
30332000 USD
CY2013 us-gaap Revenues
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30332000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
360609000 USD
CY2014Q1 us-gaap Secured Debt
SecuredDebt
381266000 USD
CY2014Q1 us-gaap Separate Account Assets
SeparateAccountAssets
4675098000 USD
CY2013Q4 us-gaap Separate Account Assets
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4625099000 USD
CY2013Q4 us-gaap Separate Accounts Liability
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4625099000 USD
CY2014Q1 us-gaap Separate Accounts Liability
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4675098000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
53000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
92000 USD
CY2014Q1 us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
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48000 USD
CY2014Q1 us-gaap Stock Issued During Period Shares New Issues
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47445 shares
CY2014Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
352000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
121665000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
119911000 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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565470000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
565856000 USD
CY2014Q1 us-gaap Trading Securities
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32834000 USD
CY2013Q4 us-gaap Trading Securities
TradingSecurities
35991000 USD
CY2014Q1 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
142000 USD
CY2013Q1 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
155000 USD
CY2013Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
558000 USD
CY2014Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
516000 USD
CY2013Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1640000 USD
CY2014Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-249000 USD
CY2014Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
516000 USD
CY2013Q1 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
558000 USD
CY2014Q1 us-gaap Variable Interest Entity Activity Between Vie And Entity Expense
VariableInterestEntityActivityBetweenVIEAndEntityExpense
13992000 USD
CY2013Q1 us-gaap Variable Interest Entity Activity Between Vie And Entity Expense
VariableInterestEntityActivityBetweenVIEAndEntityExpense
9821000 USD
CY2013Q1 us-gaap Variable Interest Entity Activity Between Vie And Entity Operating Income Or Loss
VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
-429000 USD
CY2014Q1 us-gaap Variable Interest Entity Activity Between Vie And Entity Operating Income Or Loss
VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
3518000 USD
CY2013Q1 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
16564000 USD
CY2014Q1 us-gaap Variable Interest Entity Activity Between Vie And Entity Revenues
VariableInterestEntityActivityBetweenVIEAndEntityRevenues
11986000 USD
CY2014Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
1390599000 USD
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
1414616000 USD
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
1175606000 USD
CY2014Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
1167325000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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10586587 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10251292 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10586587 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10251292 shares
CY2014Q1 tiptl Accretionof Mortgage Note Payable
AccretionofMortgageNotePayable
-73000 USD
CY2013Q1 tiptl Accretionof Mortgage Note Payable
AccretionofMortgageNotePayable
5000 USD
CY2013Q1 tiptl Amortizationand Writeoffof Deferred Financing Costs
AmortizationandWriteoffofDeferredFinancingCosts
13000 USD
CY2014Q1 tiptl Amortizationand Writeoffof Deferred Financing Costs
AmortizationandWriteoffofDeferredFinancingCosts
60000 USD
CY2013Q4 tiptl Availableforsale Debt Securities Gross Unrealized Gain Accumulatedin Investments
AvailableforsaleDebtSecuritiesGrossUnrealizedGainAccumulatedinInvestments
213000 USD
CY2014Q1 tiptl Availableforsale Debt Securities Gross Unrealized Gain Accumulatedin Investments
AvailableforsaleDebtSecuritiesGrossUnrealizedGainAccumulatedinInvestments
226000 USD
CY2013Q4 tiptl Availableforsale Debt Securities Gross Unrealized Loss Accumulatedin Investments
AvailableforsaleDebtSecuritiesGrossUnrealizedLossAccumulatedinInvestments
158000 USD
CY2014Q1 tiptl Availableforsale Debt Securities Gross Unrealized Loss Accumulatedin Investments
AvailableforsaleDebtSecuritiesGrossUnrealizedLossAccumulatedinInvestments
72000 USD
CY2013Q4 tiptl Availableforsale Securities Continuous Unrealized Loss Position12 Monthsor Longer Aggregate Losses Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsorLongerAggregateLossesAccumulatedinInvestments
14000 USD
CY2014Q1 tiptl Availableforsale Securities Continuous Unrealized Loss Position12 Monthsor Longer Aggregate Losses Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPosition12MonthsorLongerAggregateLossesAccumulatedinInvestments
23000 USD
CY2013Q4 tiptl Availableforsale Securities Continuous Unrealized Loss Position Lessthan12 Months Aggregate Losses Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessthan12MonthsAggregateLossesAccumulatedinInvestments
144000 USD
CY2014Q1 tiptl Availableforsale Securities Continuous Unrealized Loss Position Lessthan12 Months Aggregate Losses Accumulatedin Investments
AvailableforsaleSecuritiesContinuousUnrealizedLossPositionLessthan12MonthsAggregateLossesAccumulatedinInvestments
49000 USD
CY2013 tiptl Capital Changedueto Equity Compensation
CapitalChangeduetoEquityCompensation
53000 USD
CY2012 tiptl Capital Changedueto Equity Compensation
CapitalChangeduetoEquityCompensation
21000 USD
CY2013Q1 tiptl Changedueto Consolidationof Trust Investing Activities
ChangeduetoConsolidationofTrustInvestingActivities
0 USD
CY2014Q1 tiptl Changedueto Consolidationof Trust Investing Activities
ChangeduetoConsolidationofTrustInvestingActivities
34000 USD
CY2014Q1 tiptl Commonstockredemptionrate
Commonstockredemptionrate
2.798 shares
CY2013Q1 tiptl Deferred Income Tax Expense Benefit Cash Flow
DeferredIncomeTaxExpenseBenefitCashFlow
1251000 USD
CY2014Q1 tiptl Deferred Income Tax Expense Benefit Cash Flow
DeferredIncomeTaxExpenseBenefitCashFlow
343000 USD
CY2013Q4 tiptl Deferred Loan Origination Fees Net
DeferredLoanOriginationFeesNet
686000 USD
CY2014Q1 tiptl Deferred Loan Origination Fees Net
DeferredLoanOriginationFeesNet
555000 USD
CY2013 tiptl Derivativepercentcashcollateralrequired
Derivativepercentcashcollateralrequired
0
CY2013Q1 tiptl Disposal Group Including Discontinued Operation Reimbursable Expense
DisposalGroupIncludingDiscontinuedOperationReimbursableExpense
328000 USD
CY2013Q1 tiptl Disposal Group Including Discontinued Operation Reimbursable Income
DisposalGroupIncludingDiscontinuedOperationReimbursableIncome
328000 USD
CY2014Q1 tiptl Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Amortizationand Accretion
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAmortizationandAccretion
531000 USD
CY2013Q1 tiptl Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Amortizationand Accretion
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAmortizationandAccretion
0 USD
CY2013Q1 tiptl Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Attributableto Policy Owner
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAttributabletoPolicyOwner
130110000 USD
CY2014Q1 tiptl Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Attributableto Policy Owner
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAttributabletoPolicyOwner
43750000 USD
CY2014Q1 tiptl Feeson Separate Accounts
FeesonSeparateAccounts
5487000 USD
CY2013Q1 tiptl Feeson Separate Accounts
FeesonSeparateAccounts
5306000 USD
CY2014Q1 tiptl Investment Income Intereston Loanand Security Assets Held
InvestmentIncomeInterestonLoanandSecurityAssetsHeld
5363000 USD
CY2013Q1 tiptl Investment Income Intereston Loanand Security Assets Held
InvestmentIncomeInterestonLoanandSecurityAssetsHeld
3027000 USD
CY2014Q1 tiptl Lessnoncontrollinginterestandnetincomeattributabletothe Vi Esubordinatednoteholders
LessnoncontrollinginterestandnetincomeattributabletotheVIEsubordinatednoteholders
-3220000 USD
CY2013Q1 tiptl Lessnoncontrollinginterestandnetincomeattributabletothe Vi Esubordinatednoteholders
LessnoncontrollinginterestandnetincomeattributabletotheVIEsubordinatednoteholders
4534000 USD
CY2013Q4 tiptl Loansand Leases Receivable At Amortized Cost
LoansandLeasesReceivableAtAmortizedCost
40260000 USD
CY2014Q1 tiptl Loansand Leases Receivable At Amortized Cost
LoansandLeasesReceivableAtAmortizedCost
42105000 USD
CY2013Q4 tiptl Loansand Leases Receivable At Amortized Cost Asset Backed
LoansandLeasesReceivableAtAmortizedCostAssetBacked
16493000 USD
CY2014Q1 tiptl Loansand Leases Receivable At Amortized Cost Asset Backed
LoansandLeasesReceivableAtAmortizedCostAssetBacked
17894000 USD
CY2013Q4 tiptl Loansand Leases Receivable At Amortized Cost Commercial Real Estate
LoansandLeasesReceivableAtAmortizedCostCommercialRealEstate
22335000 USD
CY2014Q1 tiptl Loansand Leases Receivable At Amortized Cost Commercial Real Estate
LoansandLeasesReceivableAtAmortizedCostCommercialRealEstate
22220000 USD
CY2014Q1 tiptl Loansand Leases Receivable At Amortized Cost Other Loans
LoansandLeasesReceivableAtAmortizedCostOtherLoans
1991000 USD
CY2013Q4 tiptl Loansand Leases Receivable At Amortized Cost Other Loans
LoansandLeasesReceivableAtAmortizedCostOtherLoans
1432000 USD
CY2013Q1 tiptl Mortality Expenses
MortalityExpenses
2614000 USD
CY2014Q1 tiptl Mortality Expenses
MortalityExpenses
2642000 USD
CY2013Q1 tiptl Net Incomelossof Consolidated Vi Es
NetIncomelossofConsolidatedVIEs
6743000 USD
CY2014Q1 tiptl Net Incomelossof Consolidated Vi Es
NetIncomelossofConsolidatedVIEs
-2006000 USD
CY2013Q1 tiptl Netincomebeforetaxesandincomeattributabletoconsolidated Cl Osfromcontinuingoperations
NetincomebeforetaxesandincomeattributabletoconsolidatedCLOsfromcontinuingoperations
-433000 USD
CY2014Q1 tiptl Netincomebeforetaxesandincomeattributabletoconsolidated Cl Osfromcontinuingoperations
NetincomebeforetaxesandincomeattributabletoconsolidatedCLOsfromcontinuingoperations
240000 USD
CY2014Q1 tiptl Noncash Incentive Fee
NoncashIncentiveFee
16000 USD
CY2013Q1 tiptl Noncash Incentive Fee
NoncashIncentiveFee
0 USD
CY2013Q1 tiptl Noncash Interestfrom Investmentsin Loans
NoncashInterestfromInvestmentsinLoans
38000 USD
CY2014Q1 tiptl Noncash Interestfrom Investmentsin Loans
NoncashInterestfromInvestmentsinLoans
99000 USD
CY2014Q1 tiptl Noncontrolling Interest Increasefrom Contributions
NoncontrollingInterestIncreasefromContributions
14000 USD
CY2014Q1 tiptl Numberof Sectorsof Financial Servicesinwhich Entity Operates
NumberofSectorsofFinancialServicesinwhichEntityOperates
4 sector
CY2014Q1 tiptl Numberofcreditagreements
Numberofcreditagreements
3
CY2014Q1 tiptl Proceedsfrom Maturitiesof Availableforsale Securities
ProceedsfromMaturitiesofAvailableforsaleSecurities
0 USD
CY2013Q1 tiptl Proceedsfrom Maturitiesof Availableforsale Securities
ProceedsfromMaturitiesofAvailableforsaleSecurities
12000 USD
CY2014Q1 tiptl Realizedand Unrealized Gain Losson Investments Total
RealizedandUnrealizedGainLossonInvestmentsTotal
1002000 USD
CY2013Q1 tiptl Realizedand Unrealized Gain Losson Investments Total
RealizedandUnrealizedGainLossonInvestmentsTotal
801000 USD
CY2014Q1 tiptl Rental Income Incomefrom Owned Real Estate
RentalIncomeIncomefromOwnedRealEstate
4446000 USD
CY2013Q1 tiptl Rental Income Incomefrom Owned Real Estate
RentalIncomeIncomefromOwnedRealEstate
822000 USD
CY2014Q1 tiptl Segmentnetincomeloss
Segmentnetincomeloss
240000 USD
CY2013Q1 tiptl Segmentnetincomeloss
Segmentnetincomeloss
-433000 USD
CY2013 tiptl Variable Interest Entity Consolidated Paymentsfor Proceedsfrom Financing Activities
VariableInterestEntityConsolidatedPaymentsforProceedsfromFinancingActivities
-40089000 USD
CY2012 tiptl Variable Interest Entity Consolidated Paymentsfor Proceedsfrom Financing Activities
VariableInterestEntityConsolidatedPaymentsforProceedsfromFinancingActivities
345938000 USD
CY2013Q1 tiptl Variable Interest Entity Consolidated Paymentsfor Proceedsfrom Investing Activities
VariableInterestEntityConsolidatedPaymentsforProceedsfromInvestingActivities
347196000 USD
CY2014Q1 tiptl Variable Interest Entity Consolidated Paymentsfor Proceedsfrom Investing Activities
VariableInterestEntityConsolidatedPaymentsforProceedsfromInvestingActivities
-15384000 USD
CY2014Q1 tiptl Variable Interest Entity Consolidated Paymentsfor Proceedsfrom Operating Activities
VariableInterestEntityConsolidatedPaymentsforProceedsfromOperatingActivities
-35195000 USD
CY2013Q1 tiptl Variable Interest Entity Consolidated Paymentsfor Proceedsfrom Operating Activities
VariableInterestEntityConsolidatedPaymentsforProceedsfromOperatingActivities
-1293000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001393726
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Tiptree Financial Inc.
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
20000 USD

Files In Submission

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0001393726-14-000021-index-headers.html Edgar Link pending
0001393726-14-000021-index.html Edgar Link pending
0001393726-14-000021.txt Edgar Link pending
0001393726-14-000021-xbrl.zip Edgar Link pending
exhibit31110q-1q.htm Edgar Link pending
exhibit31210q-1q.htm Edgar Link pending
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