2014 Q2 Form 10-Q Financial Statement

#000110465914059946 Filed on August 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q4 2013 Q2
Revenue $53.27M $48.64M $33.31M
YoY Change 59.91% 53.1% 15.38%
Cost Of Revenue $18.00M $15.60M $10.10M
YoY Change 78.22% 57.58% 10.99%
Gross Profit $35.30M $33.02M $23.18M
YoY Change 52.29% 50.75% 17.37%
Gross Profit Margin 66.27% 67.88% 69.59%
Selling, General & Admin $10.19M $8.800M $5.548M
YoY Change 83.6% 66.04% 17.43%
% of Gross Profit 28.86% 26.65% 23.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.10M $15.70M $11.40M
YoY Change 41.23% 38.94% 20.29%
% of Gross Profit 45.61% 47.55% 49.18%
Operating Expenses $42.71M $24.60M $27.98M
YoY Change 52.62% 20.0% 16.0%
Operating Profit $10.56M $8.418M $5.328M
YoY Change 98.18% 500.0% 12.21%
Interest Expense $3.043M -$3.500M $2.871M
YoY Change 6.01% -18.6% -22.73%
% of Operating Profit 28.82% -41.58% 53.88%
Other Income/Expense, Net -$3.041M $0.00 -$2.869M
YoY Change 6.0% -22.54%
Pretax Income $7.518M $4.500M $2.459M
YoY Change 205.73% -255.17% 135.42%
Income Tax $0.00 $100.0K $58.00K
% Of Pretax Income 0.0% 2.22% 2.36%
Net Earnings $7.500M $4.400M $2.400M
YoY Change 212.5% -246.67% 140.0%
Net Earnings / Revenue 14.08% 9.05% 7.21%
Basic Earnings Per Share
Diluted Earnings Per Share $155.0K $116.1K $81.91K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2013 Q4 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $0.00
YoY Change
Cash & Equivalents $7.000K $7.000K $7.000K
Short-Term Investments
Other Short-Term Assets $1.800M $2.400M $1.400M
YoY Change 28.57% 33.33% 27.27%
Inventory $10.86M $9.940M $5.880M
Prepaid Expenses $1.819M $2.400M $1.430M
Receivables $27.98M $20.08M $10.83M
Other Receivables $2.710M $350.0K $46.39K
Total Short-Term Assets $43.38M $32.78M $18.19M
YoY Change 138.43% 121.8% 29.95%
LONG-TERM ASSETS
Property, Plant & Equipment $994.6M $853.0M $641.6M
YoY Change 55.02% 39.8% 13.74%
Goodwill $208.1M $208.1M $157.1M
YoY Change 32.46% 32.46%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.434M $6.146M $4.380M
YoY Change 24.07% -32.54% -52.4%
Total Long-Term Assets $1.312B $1.153B $883.1M
YoY Change 48.61% 34.42% 8.57%
TOTAL ASSETS
Total Short-Term Assets $43.38M $32.78M $18.19M
Total Long-Term Assets $1.312B $1.153B $883.1M
Total Assets $1.356B $1.186B $901.3M
YoY Change 50.42% 35.9% 8.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.13M $34.63M $4.552M
YoY Change 232.39% 225.12% -73.69%
Accrued Expenses $29.47M $10.41M $7.022M
YoY Change 319.68% 86.26% 25.39%
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 $58.34M $56.95M $22.70M
YoY Change 157.02% 112.09% -32.25%
LONG-TERM LIABILITIES
Long-Term Debt $452.0M $420.9M $353.0M
YoY Change 28.05% -16.19% -22.03%
Other Long-Term Liabilities $0.00 $300.0K $100.0K
YoY Change -100.0%
Total Long-Term Liabilities $452.0M $420.9M $353.0M
YoY Change 28.05% -16.19% -22.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $58.34M $56.95M $22.70M
Total Long-Term Liabilities $452.0M $420.9M $353.0M
Total Liabilities $510.3M $477.9M $375.6M
YoY Change 35.84% -9.68% -22.72%
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 $845.5M $707.7M $525.6M
YoY Change
Total Liabilities & Shareholders Equity $1.356B $1.186B $901.3M
YoY Change 50.42% 35.9% 8.93%

Cashflow Statement

Concept 2014 Q2 2013 Q4 2013 Q2
OPERATING ACTIVITIES
Net Income $7.500M $4.400M $2.400M
YoY Change 212.5% -246.67% 140.0%
Depreciation, Depletion And Amortization $16.10M $15.70M $11.40M
YoY Change 41.23% 38.94% 20.29%
Cash From Operating Activities $21.60M $26.50M $16.10M
YoY Change 34.16% 128.45% 19.26%
INVESTING ACTIVITIES
Capital Expenditures -$101.7M -$50.60M -$29.50M
YoY Change 244.75% 60.63% -53.32%
Acquisitions
YoY Change
Other Investing Activities $400.0K $1.800M $100.0K
YoY Change 300.0% -92.31%
Cash From Investing Activities -$101.4M -$48.80M -$29.50M
YoY Change 243.73% 54.92% -52.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 79.70M 22.40M 13.30M
YoY Change 499.25% 12.56% -72.58%
NET CHANGE
Cash From Operating Activities 21.60M 26.50M 16.10M
Cash From Investing Activities -101.4M -48.80M -29.50M
Cash From Financing Activities 79.70M 22.40M 13.30M
Net Change In Cash -100.0K 100.0K -100.0K
YoY Change 0.0% -894784853333366.8%
FREE CASH FLOW
Cash From Operating Activities $21.60M $26.50M $16.10M
Capital Expenditures -$101.7M -$50.60M -$29.50M
Free Cash Flow $123.3M $77.10M $45.60M
YoY Change 170.39% 78.89% -40.55%

Facts In Submission

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us-gaap Use Of Estimates
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">(c)&#160;&#160;Use of Estimates</font></i></b></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 13.2pt; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The unaudited condensed consolidated financial statements have been prepared in conformity with GAAP, which includes the use of estimates and assumptions by management that affect the reported amounts of assets, liabilities, revenues, expenses and disclosure of contingent assets and liabilities that exist at the date of the unaudited condensed consolidated financial statements. Although these estimates are based on management&#8217;s available knowledge of current and expected future events, actual results could be different from those estimates.</font></p> </div>
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dei Entity Registrant Name
EntityRegistrantName
USA Compression Partners, LP
dei Entity Central Index Key
EntityCentralIndexKey
0001522727
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Amendment Flag
AmendmentFlag
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dei Current Fiscal Year End Date
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--12-31
dei Entity Current Reporting Status
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dei Entity Filer Category
EntityFilerCategory
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dei Document Fiscal Year Focus
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20149000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
101143000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
269470000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
250457000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
238444000 USD
us-gaap Depreciation
Depreciation
31500000 USD
us-gaap Depreciation
Depreciation
22300000 USD

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0001104659-14-059946-index.html Edgar Link pending
0001104659-14-059946.txt Edgar Link pending
0001104659-14-059946-xbrl.zip Edgar Link pending
a14-13957_110q.htm Edgar Link pending
a14-13957_1ex31d1.htm Edgar Link pending
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report.css Edgar Link pending
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usac-20140630.xml Edgar Link completed
usac-20140630.xsd Edgar Link pending
usac-20140630_cal.xml Edgar Link unprocessable
usac-20140630_def.xml Edgar Link unprocessable
usac-20140630_lab.xml Edgar Link unprocessable
usac-20140630_pre.xml Edgar Link unprocessable