$UNL
United States 12 Month Natural Gas Fund, LP

2016 Q1 Form 10-K Financial Statement

#000114420416090059 Filed on March 24, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2014 Q4
Revenue -$1.337M -$1.899M -$4.675M
YoY Change 2.69% -59.38% -290.74%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $50.62K $53.44K $50.60K
YoY Change -11.17% 5.61% -51.73%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$1.364M -$1.928M -$4.715M
YoY Change 1.7% -59.1% -297.79%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 1.350M shares 1.250M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $10.89M $11.22M $15.11M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $13.21M $16.52M
YoY Change -20.03% -40.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $85.50K $93.70K
YoY Change -8.75% -45.79%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity $13.21M $16.52M
YoY Change -20.03% -40.27%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income -$1.364M -$1.928M -$4.715M
YoY Change 1.7% -59.1% -297.79%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$375.0K
YoY Change -81.3%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $41.14K
YoY Change -98.45%
NET CHANGE
Cash From Operating Activities -$375.0K
Cash From Investing Activities
Cash From Financing Activities $41.14K
Net Change In Cash -$333.9K
YoY Change -151.63%
FREE CASH FLOW
Cash From Operating Activities -$375.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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ExpenseWaivers
-17835 USD
CY2015Q2 unl Expense Waivers
ExpenseWaivers
-23928 USD
CY2015Q3 unl Expense Waivers
ExpenseWaivers
-23085 USD
CY2015Q4 unl Expense Waivers
ExpenseWaivers
-24274 USD
CY2014Q1 us-gaap Revenues
Revenues
2154963 USD
CY2014Q2 us-gaap Revenues
Revenues
59752 USD
CY2014Q3 us-gaap Revenues
Revenues
-1333315 USD
CY2014Q4 us-gaap Revenues
Revenues
-4674704 USD
CY2014Q1 us-gaap Operating Expenses
OperatingExpenses
96400 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
85090 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
75491 USD
CY2014Q4 us-gaap Operating Expenses
OperatingExpenses
50602 USD
CY2014Q1 unl Expense Waivers
ExpenseWaivers
-38045 USD
CY2014Q2 unl Expense Waivers
ExpenseWaivers
-40700 USD
CY2014Q3 unl Expense Waivers
ExpenseWaivers
-39383 USD
CY2014Q4 unl Expense Waivers
ExpenseWaivers
-10778 USD
CY2014Q1 unl Net Operating Expenses
NetOperatingExpenses
58355 USD
CY2014Q2 unl Net Operating Expenses
NetOperatingExpenses
44390 USD
CY2014Q3 unl Net Operating Expenses
NetOperatingExpenses
36108 USD
CY2014Q4 unl Net Operating Expenses
NetOperatingExpenses
39824 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
2096608 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
15362 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
-1369423 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-4714528 USD
CY2014Q1 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.31
CY2014Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-0.07
CY2014Q3 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-1.52
CY2014Q4 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
-4.35
CY2015 unl Base Amount For Fee Percentage
BaseAmountForFeePercentage
on all net assets
CY2015Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
4322372 USD
CY2014Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
0.00005 pure
CY2014Q4 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
5525172 USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015 us-gaap Management Fee Description
ManagementFeeDescription
UNL is contractually obligated to pay USCF a fee, which is paid monthly, that is equal to 0.75% per annum of average daily total net assets

Files In Submission

Name View Source Status
0001144204-16-090059-index-headers.html Edgar Link pending
0001144204-16-090059-index.html Edgar Link pending
0001144204-16-090059.txt Edgar Link pending
0001144204-16-090059-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
tpg49a.jpg Edgar Link pending
tpg49b.jpg Edgar Link pending
tpg53.jpg Edgar Link pending
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tpg55.jpg Edgar Link pending
unl-20151231.xml Edgar Link completed
unl-20151231.xsd Edgar Link pending
unl-20151231_cal.xml Edgar Link unprocessable
unl-20151231_def.xml Edgar Link unprocessable
unl-20151231_lab.xml Edgar Link unprocessable
unl-20151231_pre.xml Edgar Link unprocessable
v434221_10k.htm Edgar Link pending
v434221_ex14-1.htm Edgar Link pending
v434221_ex3-3.htm Edgar Link pending
v434221_ex31-1.htm Edgar Link pending
v434221_ex31-2.htm Edgar Link pending
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v434221_ex32-2.htm Edgar Link pending