2013 Q3 Form 10-Q Financial Statement

#000110465913082392 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $38.36M $31.02M
YoY Change 23.66% 30.89%
Cost Of Revenue $11.90M $9.800M
YoY Change 21.43% 1.03%
Gross Profit $26.44M $21.24M
YoY Change 24.5% 52.78%
Gross Profit Margin 68.92% 68.46%
Selling, General & Admin $8.313M $4.509M
YoY Change 84.36% 55.48%
% of Gross Profit 31.44% 21.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.57M $10.17M
YoY Change 23.6% 24.06%
% of Gross Profit 47.56% 47.9%
Operating Expenses $33.56M $25.28M
YoY Change 32.78% 125.67%
Operating Profit $4.802M $5.746M
YoY Change -16.43% 112.81%
Interest Expense $3.029M $4.389M
YoY Change -30.99% -246.3%
% of Operating Profit 63.08% 76.38%
Other Income/Expense, Net -$3.027M -$4.381M
YoY Change -30.91%
Pretax Income $1.775M $1.365M
YoY Change 30.04% -782.5%
Income Tax $63.00K $48.00K
% Of Pretax Income 3.55% 3.52%
Net Earnings $1.700M $1.300M
YoY Change 30.77% -750.0%
Net Earnings / Revenue 4.43% 4.19%
Basic Earnings Per Share
Diluted Earnings Per Share $53.13K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change
Cash & Equivalents $7.000K $7.000K
Short-Term Investments
Other Short-Term Assets $1.600M $800.0K
YoY Change 100.0%
Inventory $7.349M $4.200M
Prepaid Expenses $1.584M
Receivables $14.03M $10.60M
Other Receivables $193.0K $0.00
Total Short-Term Assets $23.16M $15.50M
YoY Change 49.44%
LONG-TERM ASSETS
Property, Plant & Equipment $815.3M $586.1M
YoY Change 39.11%
Goodwill $207.8M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.913M $8.800M
YoY Change -55.53%
Total Long-Term Assets $1.114B $834.3M
YoY Change 33.5%
TOTAL ASSETS
Total Short-Term Assets $23.16M $15.50M
Total Long-Term Assets $1.114B $834.3M
Total Assets $1.137B $849.8M
YoY Change 33.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.33M $6.700M
YoY Change 54.1%
Accrued Expenses $16.25M $8.100M
YoY Change 100.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $38.25M $25.10M
YoY Change 52.39%
LONG-TERM LIABILITIES
Long-Term Debt $390.3M $482.1M
YoY Change -19.04%
Other Long-Term Liabilities $200.0K
YoY Change
Total Long-Term Liabilities $390.3M $482.1M
YoY Change -19.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.25M $25.10M
Total Long-Term Liabilities $390.3M $482.1M
Total Liabilities $428.6M $507.2M
YoY Change -15.51%
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 $708.3M $342.6M
YoY Change
Total Liabilities & Shareholders Equity $1.137B $849.8M
YoY Change 33.79%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $1.700M $1.300M
YoY Change 30.77% -750.0%
Depreciation, Depletion And Amortization $12.57M $10.17M
YoY Change 23.6% 24.06%
Cash From Operating Activities $16.20M $12.40M
YoY Change 30.65% 61.04%
INVESTING ACTIVITIES
Capital Expenditures -$56.00M -$41.90M
YoY Change 33.65% 23.24%
Acquisitions
YoY Change
Other Investing Activities $3.700M $100.0K
YoY Change 3600.0% -50.0%
Cash From Investing Activities -$52.30M -$41.80M
YoY Change 25.12% 23.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 36.10M 29.40M
YoY Change 22.79% 12.64%
NET CHANGE
Cash From Operating Activities 16.20M 12.40M
Cash From Investing Activities -52.30M -41.80M
Cash From Financing Activities 36.10M 29.40M
Net Change In Cash -0.000000007451 -0.000000009313
YoY Change -20.0% 11.11%
FREE CASH FLOW
Cash From Operating Activities $16.20M $12.40M
Capital Expenditures -$56.00M -$41.90M
Free Cash Flow $72.20M $54.30M
YoY Change 32.97% 30.22%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
108906000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
123000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-105116000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
177888000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
289848000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
180555000 USD
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
4009000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
37000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
63438000 USD
us-gaap Interest Paid Net
InterestPaidNet
7982000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
196000 USD
us-gaap Interest Paid Net
InterestPaidNet
12242000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
155000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1379000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2099000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1650000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
950000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-864000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
806000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6145000 USD
usac Increase Decrease In Accrued Liabilities And Deferred Revenue
IncreaseDecreaseInAccruedLiabilitiesAndDeferredRevenue
5379000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1582000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
30375000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
148473000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1353000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-147120000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
206880000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
88549000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
116749000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
4000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7000 USD
CY2013Q3 usac Number Of Major Customers
NumberOfMajorCustomers
2 customer
usac Number Of Major Customers
NumberOfMajorCustomers
2 customer
usac Number Of Major Customers
NumberOfMajorCustomers
2 customer
CY2012Q3 usac Number Of Major Customers
NumberOfMajorCustomers
2 customer
us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
181919000 USD
us-gaap Finite Lived Intangible Assets Acquired
FiniteLivedIntangibleAssetsAcquired
-7600000 USD
CY2013Q1 us-gaap Partners Capital Account Public Sale Of Units Net Of Offering Costs
PartnersCapitalAccountPublicSaleOfUnitsNetOfOfferingCosts
180600000 USD
CY2013Q3 usac Finite Lived Intangible Asset Non Compete Agreements Net
FiniteLivedIntangibleAssetNonCompeteAgreementsNet
881000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-3667000 USD
us-gaap Depreciation
Depreciation
34912456 USD
us-gaap Depreciation
Depreciation
28322251 USD

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