2021 Q1 Form 10-Q Financial Statement

#000161068221000030 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $30.60M $30.21M
YoY Change 1.3% 10.37%
Cost Of Revenue $9.340M $10.41M
YoY Change -10.28% 14.52%
Gross Profit $21.26M $19.79M
YoY Change 7.43% 8.26%
Gross Profit Margin 69.48% 65.52%
Selling, General & Admin $4.733M $5.173M
YoY Change -8.51% 4.99%
% of Gross Profit 22.26% 26.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.471M $5.422M
YoY Change 0.9% 14.53%
% of Gross Profit 25.73% 27.4%
Operating Expenses $24.47M $59.71M
YoY Change -59.02% 171.86%
Operating Profit $6.130M -$29.50M
YoY Change -120.78% -645.69%
Interest Expense $1.735M $2.739M
YoY Change -36.66% -14.06%
% of Operating Profit 28.3%
Other Income/Expense, Net $20.00K $732.0K
YoY Change -97.27% 2950.0%
Pretax Income $7.552M -$34.29M
YoY Change -122.03% -2568.54%
Income Tax $224.0K -$507.0K
% Of Pretax Income 2.97%
Net Earnings $7.328M -$33.78M
YoY Change -121.69% -2661.11%
Net Earnings / Revenue 23.95% -111.84%
Basic Earnings Per Share
Diluted Earnings Per Share $271.2K -$1.267M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.100M $4.600M
YoY Change -32.61% 48.39%
Cash & Equivalents $3.066M $4.622M
Short-Term Investments
Other Short-Term Assets $1.035M $859.0K
YoY Change 20.49% 80.08%
Inventory
Prepaid Expenses
Receivables $4.467M $4.530M
Other Receivables $2.500M $2.600M
Total Short-Term Assets $20.88M $23.52M
YoY Change -11.24% 41.04%
LONG-TERM ASSETS
Property, Plant & Equipment $138.7M $141.2M
YoY Change -1.77% -3.68%
Goodwill $0.00
YoY Change -100.0%
Intangibles $58.34M $70.95M
YoY Change -17.77% -15.09%
Long-Term Investments
YoY Change
Other Assets $6.500M $2.100M
YoY Change 209.52% 600.0%
Total Long-Term Assets $211.9M $227.6M
YoY Change -6.91% -18.63%
TOTAL ASSETS
Total Short-Term Assets $20.88M $23.52M
Total Long-Term Assets $211.9M $227.6M
Total Assets $232.7M $251.1M
YoY Change -7.32% -15.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.700M $4.100M
YoY Change -34.15% -39.71%
Accrued Expenses $5.200M $5.200M
YoY Change 0.0% 0.0%
Deferred Revenue $6.968M $4.616M
YoY Change 50.95% 54.9%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $19.60M $21.65M
YoY Change -9.48% 8.91%
LONG-TERM LIABILITIES
Long-Term Debt $187.7M $221.9M
YoY Change -15.41% 8.77%
Other Long-Term Liabilities $10.93M $7.397M
YoY Change 47.72% 6064.17%
Total Long-Term Liabilities $10.93M $7.397M
YoY Change 47.72% 6064.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.60M $21.65M
Total Long-Term Liabilities $10.93M $7.397M
Total Liabilities $221.4M $259.2M
YoY Change -14.6% 10.39%
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 $11.40M -$8.100M
YoY Change
Total Liabilities & Shareholders Equity $232.7M $251.1M
YoY Change -7.32% -15.27%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $7.328M -$33.78M
YoY Change -121.69% -2661.11%
Depreciation, Depletion And Amortization $5.471M $5.422M
YoY Change 0.9% 14.53%
Cash From Operating Activities $12.65M $11.72M
YoY Change 7.92% 15.2%
INVESTING ACTIVITIES
Capital Expenditures $483.0K $147.0K
YoY Change 228.57% -39.75%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$483.0K -$147.0K
YoY Change 228.57% -39.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$12.04M -$8.443M
YoY Change 42.6% -39.58%
NET CHANGE
Cash From Operating Activities $12.65M $11.72M
Cash From Investing Activities -$483.0K -$147.0K
Cash From Financing Activities -$12.04M -$8.443M
Net Change In Cash $27.00K $2.138M
YoY Change -98.74% -158.43%
FREE CASH FLOW
Cash From Operating Activities $12.65M $11.72M
Capital Expenditures $483.0K $147.0K
Free Cash Flow $12.16M $11.57M
YoY Change 5.12% 16.55%

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27127000 shares
CY2020Q1 usdp Partners Share Yearto Date Distribution Amount Per Share
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CY2020Q1 usdp Partners Capital Annual Distribution Amount Per Share
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
126932000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
334893000 USD
CY2021Q1 us-gaap Foreign Currency Exchange Rate Translation1
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0.7897
CY2021Q1 us-gaap Revenue Performance Obligation Description Of Timing
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one year or less
CY2021Q1 us-gaap Contract With Customer Asset Net Current
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CY2020Q4 us-gaap Contract With Customer Asset Net Current
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RevenueFromContractWithCustomerBreakageRate
0.97
CY2020Q4 us-gaap Contract With Customer Liability Current
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CY2021Q1 usdp Contractwith Customer Liability Increasefrom Cash Receipts
ContractwithCustomerLiabilityIncreasefromCashReceipts
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CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
6367000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q1 us-gaap Restricted Cash
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q1 us-gaap Construction In Progress Gross
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CY2020Q4 us-gaap Construction In Progress Gross
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CY2021Q1 us-gaap Depreciation
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CY2020Q1 us-gaap Lease Cost
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CY2020Q1 us-gaap Short Term Lease Cost
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CY2020Q1 us-gaap Variable Lease Cost
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
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CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2021Q1 us-gaap Amortization Of Intangible Assets
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3200000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
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3200000 USD
CY2021Q1 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt
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CY2021Q1 us-gaap Interest Expense Debt
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1528000 USD
CY2020Q1 us-gaap Interest Expense Debt
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2532000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
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207000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
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207000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
1735000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
2739000 USD
CY2021Q1 usdp Amount Of Transloading Capacity Per Day Per Unit Train
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120 railcar
CY2021Q1 usdp Number Of Barrels Of Takeaway Capacity Per Day
NumberOfBarrelsOfTakeawayCapacityPerDay
112500 barrel
CY2021Q1 us-gaap Due From Other Related Parties Noncurrent
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2100000 USD
usdp Percentage Of Control Of Terminal Capacity
PercentageOfControlOfTerminalCapacity
0.25
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7328000 USD
CY2021Q1 us-gaap Number Of Reportable Segments
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2 segment
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CY2021Q1 usdp Operating And Maintenance
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CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4733000 USD
CY2021Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
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5471000 USD
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24469000 USD
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6130000 USD
CY2021Q1 us-gaap Interest Expense
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1735000 USD
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3076000 USD
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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61000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
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20000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
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224000 USD
CY2021Q1 usdp Partners Share Yearto Date Distribution Amount Per Share
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CY2020Q1 us-gaap Revenues
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30206000 USD
CY2020Q1 usdp Operating And Maintenance
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5422000 USD
CY2020Q1 us-gaap Operating Expenses
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CY2020Q1 us-gaap Interest Expense
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CY2020Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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92000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
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CY2020Q1 us-gaap Income Tax Expense Benefit
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CY2020Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
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CY2020Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
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-3829000 USD
CY2020Q1 usdp Capital Expenditures Incurred Returned But Not Yet Paid
CapitalExpendituresIncurredReturnedButNotYetPaid
-182000 USD
CY2021Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
3076000 USD
CY2020Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-2873000 USD
CY2021Q1 usdp Partners Capital Targeted Annual Distribution Amount Per Share
PartnersCapitalTargetedAnnualDistributionAmountPerShare
1.15
CY2021Q1 usdp Partners Capital Targeted Annual Distribution Amount Per Share
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1.15
CY2021Q1 usdp Partners Capital Targeted Quarterly Distribution Amount Per Share
PartnersCapitalTargetedQuarterlyDistributionAmountPerShare
0.2875
CY2021Q1 usdp Partners Capital Targeted Annual Distribution Amount Per Share
PartnersCapitalTargetedAnnualDistributionAmountPerShare
1.15
CY2021Q1 us-gaap Income Taxes Paid Net
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286000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
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317000 USD
CY2021Q1 us-gaap Interest Paid Net
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1549000 USD
CY2020Q1 us-gaap Interest Paid Net
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2083000 USD
CY2021Q1 us-gaap Operating Lease Payments
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1566000 USD
CY2020Q1 us-gaap Operating Lease Payments
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1885000 USD
CY2021Q1 usdp Capital Expenditures Incurred Returned But Not Yet Paid
CapitalExpendituresIncurredReturnedButNotYetPaid
136000 USD

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