2011 Q4 Form 10-K Financial Statement

#000119312513096241 Filed on March 07, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $39.38M $57.67M $58.17M
YoY Change 9.38% 86.02% 107.75%
Cost Of Revenue $32.00M $40.44M $39.66M
YoY Change 28.0% 83.83% 80.29%
Gross Profit $7.835M $17.22M $18.51M
YoY Change -28.77% 91.38% 208.47%
Gross Profit Margin 19.9% 29.87% 31.82%
Selling, General & Admin $28.00M $27.62M $24.72M
YoY Change 12.0% 38.09% 12.35%
% of Gross Profit 357.37% 160.35% 133.54%
Research & Development $61.00M $54.08M $52.53M
YoY Change 60.53% 100.31% 250.21%
% of Gross Profit 778.56% 314.0% 283.83%
Depreciation & Amortization $5.000M $3.700M $3.800M
YoY Change 66.67% 23.33% 26.67%
% of Gross Profit 63.82% 21.48% 20.53%
Operating Expenses $88.00M $81.70M $77.25M
YoY Change 39.68% 73.83% 103.28%
Operating Profit -$80.17M -$64.48M -$58.74M
YoY Change 54.16% 69.68% 83.56%
Interest Expense $0.00 $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 -$594.0K -$71.00K
YoY Change -119.8% -98.99%
Pretax Income -$81.00M -$64.99M -$58.76M
YoY Change 58.82% 85.69% 50.68%
Income Tax $0.00 $87.00K $139.0K
% Of Pretax Income
Net Earnings -$81.49M -$65.08M -$58.90M
YoY Change 59.78% 85.94% 51.03%
Net Earnings / Revenue -206.95% -112.85% -101.26%
Basic Earnings Per Share
Diluted Earnings Per Share -$51.72K -$41.64K -$40.25K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $280.0M $278.0M $319.0M
YoY Change 180.0% 186.6% 578.72%
Cash & Equivalents $255.3M $213.3M $319.4M
Short-Term Investments $25.00M $65.00M
Other Short-Term Assets $32.00M $66.00M $21.00M
YoY Change -62.35% -31.96% 200.0%
Inventory $50.08M $49.00M $54.00M
Prepaid Expenses
Receivables $9.539M $18.00M $23.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $372.8M $412.0M $418.0M
YoY Change 57.98% 70.95% 364.44%
LONG-TERM ASSETS
Property, Plant & Equipment $298.4M $260.0M $200.0M
YoY Change 142.61% 504.65% 506.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.37M $28.00M $28.00M
YoY Change -20.1% -64.1% 12.0%
Total Long-Term Assets $340.6M $288.0M $228.0M
YoY Change 127.07% 138.02% 293.1%
TOTAL ASSETS
Total Short-Term Assets $372.8M $412.0M $418.0M
Total Long-Term Assets $340.6M $288.0M $228.0M
Total Assets $713.4M $700.0M $646.0M
YoY Change 84.83% 93.37% 336.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.14M $54.00M $57.00M
YoY Change 93.59% 100.0% 119.23%
Accrued Expenses $32.11M $96.00M $77.00M
YoY Change -34.47% 166.67% 133.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.916M $0.00 $0.00
YoY Change
Total Short-Term Liabilities $191.3M $154.0M $139.0M
YoY Change 122.49% 123.19% 101.45%
LONG-TERM LIABILITIES
Long-Term Debt $268.3M $226.0M $135.0M
YoY Change 272.69% 296.49% 114.29%
Other Long-Term Liabilities $14.92M $26.00M $24.00M
YoY Change -28.98% 73.33% 242.86%
Total Long-Term Liabilities $283.3M $252.0M $159.0M
YoY Change 204.57% 250.0% 127.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $191.3M $154.0M $139.0M
Total Long-Term Liabilities $283.3M $252.0M $159.0M
Total Liabilities $489.4M $406.0M $298.0M
YoY Change 173.41% 185.92% 114.39%
SHAREHOLDERS EQUITY
Retained Earnings -$669.4M
YoY Change
Common Stock $104.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $224.0M $294.0M $348.0M
YoY Change
Total Liabilities & Shareholders Equity $713.4M $700.0M $646.0M
YoY Change 84.83% 93.37% 336.49%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income -$81.49M -$65.08M -$58.90M
YoY Change 59.78% 85.94% 51.03%
Depreciation, Depletion And Amortization $5.000M $3.700M $3.800M
YoY Change 66.67% 23.33% 26.67%
Cash From Operating Activities -$41.00M -$21.00M -$23.00M
YoY Change 20.59% -54.35% 9.52%
INVESTING ACTIVITIES
Capital Expenditures -$40.00M -$69.00M -$55.00M
YoY Change 135.29% 762.5% 450.0%
Acquisitions
YoY Change
Other Investing Activities $70.00M -$110.0M $31.00M
YoY Change 677.78% -25.17% 1450.0%
Cash From Investing Activities $29.00M -$178.0M -$23.00M
YoY Change -462.5% 14.84% 187.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $172.7M
YoY Change 17170.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 54.00M 93.00M 265.0M
YoY Change 17.39% -62.8% 1938.46%
NET CHANGE
Cash From Operating Activities -41.00M -21.00M -23.00M
Cash From Investing Activities 29.00M -178.0M -23.00M
Cash From Financing Activities 54.00M 93.00M 265.0M
Net Change In Cash 42.00M -106.0M 219.0M
YoY Change 950.0% -316.33% -1468.75%
FREE CASH FLOW
Cash From Operating Activities -$41.00M -$21.00M -$23.00M
Capital Expenditures -$40.00M -$69.00M -$55.00M
Free Cash Flow -$1.000M $48.00M $32.00M
YoY Change -94.12% -226.32% -390.91%

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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1. Overview of the Company</b></font></p> <!-- xbrl,body --> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Tesla Motors, Inc. (Tesla, we, us or our) was incorporated in the state of Delaware on July&#xA0;1, 2003. We design, develop, manufacture and sell high-performance fully electric vehicles and advanced electric vehicle powertrain components. We have wholly-owned subsidiaries in North America, Europe and Asia.&#xA0;The primary purpose of these subsidiaries is to market and/or service our vehicles.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Since inception, we have incurred significant losses and have used approximately $709.2&#xA0;million of cash in operations through December&#xA0;31, 2012. As of December&#xA0;31, 2012, we had $201.9&#xA0;million in cash and cash equivalents. We expect that our current sources of liquidity, including cash, cash equivalents, cash held in our dedicated Department of Energy (DOE) account, together with our current projections of cash flow from operating activities, will provide us adequate liquidity, based on our current plans. These capital sources will enable us to fund our ongoing operations, continue research and development projects and establish sales and service centers.</font></p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Correction of Prior Year Amounts</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We have revised our consolidated statement of cash flows for the year ended December 31, 2011 to correct an immaterial error. Amounts related to purchases of property and equipment during 2011 that were not paid at December 31, 2011 were erroneously included as cash outflows from investing activities in our previously issued financial statements. This revision resulted in a $13.7 million decrease in purchases of property and equipment included in cash flows used in investing activities and a corresponding increase in the change in accounts payable resulting in an increase in cash flows used in operating activities. We have also revised our supplemental disclosure of noncash acquisition of property and equipment by an increase of $12.9 million for 2011.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Additionally, we have restated the unaudited statements of cash flows for interim periods during the years ended December 31, 2012 and 2011 for similar errors in our cash flows used in investing activities and cash flows used in operating activities (see Note 17).</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">There was no impact on previously reported total cash and cash equivalents, consolidated balance sheets or consolidated statements of operations.</font></p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Unadjusted Error in 2009</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In June 2010, we identified an error related to the understatement in stock-based compensation expense subsequent to the issuance of the consolidated financial statements for the year ended December&#xA0;31, 2009.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In the fourth quarter of 2009, we granted certain stock options for which a portion of the grant was immediately vested. We erroneously accounted for the expense on a straight-line basis over the term of the award, while expense recognition should always be at least commensurate with the number of awards vesting during the period. As a result, selling, general and administrative expenses and net loss for the year ended December&#xA0;31, 2009 were understated by $2.7 million. The error did not have an effect on the valuation of the stock options. As stock-based compensation expense is a non-cash item, there was no impact on net cash used in operating activities for the year ended December&#xA0;31, 2009.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">To correct this error, we recorded additional stock-based compensation of $2.4&#xA0;million in the three months ended June&#xA0;30, 2010. We considered the impact of the error on reported operating expenses and trends in operating results and determined that the impact of the error was not material to previously reported financial information as well as those related to the year ended December&#xA0;31, 2010.</font></p> </div>
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y11M27D
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7600000
CY2012 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3900000
CY2012 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
385699000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
305000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1341389 shares
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
282000
CY2012 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
14992000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50145000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-396077000
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-169000
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
262000
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, and reported amounts of expenses during the reporting period, including revenue recognition, inventory valuation, warranties, fair value of financial instruments and stock-based compensation. Actual results could differ from those estimates.</font></p> </div>
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
9603000
CY2012 us-gaap Interest Expense
InterestExpense
254000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.37
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-12580000
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
187821000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-134702000
CY2012 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
10255000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-266081000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
3000
CY2012 us-gaap Cost Of Revenue
CostOfRevenue
383189000
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
188796000
CY2012 tsla Other Debt Issuance Cost
OtherDebtIssuanceCost
900000
CY2012 tsla Number Of Tranches
NumberOfTranches
10 Tranches
CY2012 tsla Number Of Reporting Segments
NumberOfReportingSegments
1 Segment
CY2012 tsla Class Of Warrant Or Rights Date By Which Warrants Or Rights Exercisable
ClassOfWarrantOrRightsDateByWhichWarrantsOrRightsExercisable
2023-12-15
CY2012 tsla Common Stock Initial Public Offering Issuance Costs
CommonStockInitialPublicOfferingIssuanceCosts
584000
CY2012 tsla Common Stock Initial Public Offering Issuance Costs Per Share
CommonStockInitialPublicOfferingIssuanceCostsPerShare
28.25
CY2012 tsla Extended Product Warranty Period
ExtendedProductWarrantyPeriod
3 Y
CY2012 tsla Extended Warranty Coverage Vehicle Mileage
ExtendedWarrantyCoverageVehicleMileage
36000 mi
CY2012 tsla Increase Decrease In Inventories And Property Subject To Or Available For Operating Lease
IncreaseDecreaseInInventoriesAndPropertySubjectToOrAvailableForOperatingLease
194726000
CY2012 tsla Increase Decrease In Restricted Cash And Cash Equivalents
IncreaseDecreaseInRestrictedCashAndCashEquivalents
-8620000
CY2012 tsla Lease Period Permitted For Qualified Customers To Lease Vehicle
LeasePeriodPermittedForQualifiedCustomersToLeaseVehicle
P36M
CY2012 tsla Minimum Percentage Of Capital Stock Held By Affiliates
MinimumPercentageOfCapitalStockHeldByAffiliates
0.65 pure
CY2012 tsla Operating Lease Term
OperatingLeaseTerm
3 Y
CY2012 tsla Percentage Of Payroll Deductions Of Employees Eligible Compensation
PercentageOfPayrollDeductionsOfEmployeesEligibleCompensation
0.15 pure
CY2012 tsla Proceeds From Issuance And Conversion Of Convertible Preferred Stock
ProceedsFromIssuanceAndConversionOfConvertiblePreferredStock
319225000
CY2012 tsla Proceeds From Issuance Public Offering
ProceedsFromIssuancePublicOffering
221496000
CY2010Q3 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
11138000
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.63
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-65078000
CY2011Q3 us-gaap Gross Profit
GrossProfit
17224000
CY2011Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
31693000
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.86
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
-48941000
CY2011Q1 us-gaap Gross Profit
GrossProfit
18028000
CY2011Q1 us-gaap Revenues
Revenues
49030000
CY2011Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30656000
CY2010Q2 us-gaap Quantifying Misstatement In Current Year Financial Statements Amount
QuantifyingMisstatementInCurrentYearFinancialStatementsAmount
2400000
CY2010Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15499000
CY2012 tsla Remaining Percentage Of Costs Not Financed By Loan Facility
RemainingPercentageOfCostsNotFinancedByLoanFacility
0.20 pure
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-89873000
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.60
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
-58903000
CY2011Q2 us-gaap Gross Profit
GrossProfit
18508000
CY2012Q1 us-gaap Gross Profit
GrossProfit
10210000
CY2011Q2 us-gaap Revenues
Revenues
58171000
CY2012 tsla Share Based Compensation Arrangement By Share Based Payment Award Shares Available For Grant Additional Options Reserved
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesAvailableForGrantAdditionalOptionsReserved
1064046 shares
CY2012 tsla Share Based Compensation Arrangement By Share Based Payment Award Shares Available For Grant Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesAvailableForGrantCancelled
1341319 shares
CY2012 tsla Share Based Compensation Arrangement By Share Based Payment Award Shares Available For Grant Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesAvailableForGrantGranted
11854941 shares
CY2012 tsla Changes In Fair Value Of Convertible Common Stock Warrant Liability
ChangesInFairValueOfConvertibleCommonStockWarrantLiability
1854000
CY2012 tsla Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Periods
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriods
Four
CY2012 tsla Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term For Foreign Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermForForeignGrants
P10Y
CY2012 tsla Gross Margin
GrossMargin
0.30 pure
CY2012 tsla Weighted Average Number Of Shares Outstanding Basic And Diluted One
WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne
107349188 shares
CY2012 tsla Number Of Vehicle Production
NumberOfVehicleProduction
125000 Vehicle
CY2010Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
29920000
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.51
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-105603000
CY2012Q2 us-gaap Gross Profit
GrossProfit
4762000
CY2012Q2 us-gaap Revenues
Revenues
26653000
CY2012Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
71274000
CY2012Q1 us-gaap Revenues
Revenues
30167000
CY2012Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
84267000
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.00
CY2011Q3 us-gaap Revenues
Revenues
57666000
CY2011Q3 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
90822000
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.05
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-110804000
CY2012Q3 us-gaap Gross Profit
GrossProfit
-8761000
CY2012Q3 us-gaap Revenues
Revenues
50104000
CY2012Q3 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
33256000
CY2010Q4 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15271000
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.78
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-81488000
CY2011Q4 us-gaap Gross Profit
GrossProfit
7835000
CY2011Q4 us-gaap Revenues
Revenues
39375000
CY2011Q4 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
51252000
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.79
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-89932000
CY2012Q4 us-gaap Gross Profit
GrossProfit
23857000
CY2012Q4 us-gaap Revenues
Revenues
306332000

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