2015 Q2 Form 10-Q Financial Statement
#000160206515000011 Filed on May 07, 2015
Income Statement
| Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
|---|---|---|---|
| Revenue | $19.62M | $16.55M | $15.85M |
| YoY Change | 13.74% | 4.37% | |
| Cost Of Revenue | $1.420M | $1.330M | $920.0K |
| YoY Change | 2.16% | 44.57% | |
| Gross Profit | $18.20M | $15.22M | $14.93M |
| YoY Change | 14.75% | 1.94% | |
| Gross Profit Margin | 92.77% | 91.99% | 94.18% |
| Selling, General & Admin | $1.310M | $1.550M | $140.0K |
| YoY Change | 336.67% | 1007.14% | |
| % of Gross Profit | 7.2% | 10.18% | 0.94% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $9.000M | $8.900M | $5.600M |
| YoY Change | 50.0% | 58.93% | |
| % of Gross Profit | 49.45% | 58.48% | 37.51% |
| Operating Expenses | $11.67M | $11.78M | $6.632M |
| YoY Change | 83.54% | 77.64% | |
| Operating Profit | $7.946M | $4.764M | $9.221M |
| YoY Change | -16.32% | -48.34% | |
| Interest Expense | $207.0K | $168.0K | $0.00 |
| YoY Change | -103.84% | ||
| % of Operating Profit | 2.61% | 3.53% | 0.0% |
| Other Income/Expense, Net | $99.00K | $318.0K | -$5.368M |
| YoY Change | -105.92% | ||
| Pretax Income | $8.050M | $5.080M | $3.850M |
| YoY Change | 95.86% | 31.95% | |
| Income Tax | $0.00 | ||
| % Of Pretax Income | 0.0% | ||
| Net Earnings | $8.050M | $5.080M | $3.850M |
| YoY Change | 95.86% | 31.95% | |
| Net Earnings / Revenue | 41.03% | 30.7% | 24.29% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $101.0K | $63.73K | $50.52K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 79.71M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $10.00M | $9.800M | $400.0K |
| YoY Change | 42.86% | 2350.0% | |
| Cash & Equivalents | $9.988M | $9.821M | $7.029M |
| Short-Term Investments | |||
| Other Short-Term Assets | $467.0K | $492.0K | $0.00 |
| YoY Change | 2818.75% | ||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $9.900M | $7.100M | $6.600M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $20.86M | $17.90M | $7.100M |
| YoY Change | 46.75% | 152.07% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $460.4M | $469.3M | $440.2M |
| YoY Change | 5.48% | 6.61% | |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $35.18M | $34.95M | |
| YoY Change | |||
| Total Long-Term Assets | $495.5M | $504.2M | $440.2M |
| YoY Change | 13.53% | 14.55% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $20.86M | $17.90M | $7.100M |
| Total Long-Term Assets | $495.5M | $504.2M | $440.2M |
| Total Assets | $516.4M | $522.1M | $447.3M |
| YoY Change | 14.58% | 16.73% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $0.00 | $6.000K | $0.00 |
| YoY Change | -100.0% | ||
| Accrued Expenses | $1.100M | $700.0K | $400.0K |
| YoY Change | -21.43% | 75.0% | |
| 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 | $1.105M | $701.0K | $400.0K |
| YoY Change | -92.12% | 75.25% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $440.0M |
| YoY Change | -100.0% | ||
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $0.00 | $0.00 | $440.0M |
| YoY Change | -100.0% | ||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $1.105M | $701.0K | $400.0K |
| Total Long-Term Liabilities | $0.00 | $0.00 | $440.0M |
| Total Liabilities | $1.100M | $700.0K | $440.4M |
| YoY Change | -92.15% | -99.84% | |
| 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 | $515.3M | $521.4M | $6.800M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $516.4M | $522.1M | $447.3M |
| YoY Change | 14.58% | 16.73% |
Cashflow Statement
| Concept | 2015 Q2 | 2015 Q1 | 2014 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $8.050M | $5.080M | $3.850M |
| YoY Change | 95.86% | 31.95% | |
| Depreciation, Depletion And Amortization | $9.000M | $8.900M | $5.600M |
| YoY Change | 50.0% | 58.93% | |
| Cash From Operating Activities | $15.60M | $14.60M | $6.500M |
| YoY Change | 105.26% | 124.62% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | $0.00 | -$6.900M |
| YoY Change | -100.0% | -100.0% | |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | -$85.00K | $0.00 |
| YoY Change | |||
| Cash From Investing Activities | $0.00 | $100.0K | -$6.900M |
| YoY Change | -100.0% | -101.45% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -15.50M | -19.90M | 0.000 |
| YoY Change | 520.0% | ||
| NET CHANGE | |||
| Cash From Operating Activities | 15.60M | 14.60M | 6.500M |
| Cash From Investing Activities | 0.000 | 100.0K | -6.900M |
| Cash From Financing Activities | -15.50M | -19.90M | 0.000 |
| Net Change In Cash | 100.0K | -5.200M | -400.0K |
| YoY Change | -98.51% | 1200.0% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $15.60M | $14.60M | $6.500M |
| Capital Expenditures | $0.00 | $0.00 | -$6.900M |
| Free Cash Flow | $15.60M | $14.60M | $13.40M |
| YoY Change | 160.0% | 8.96% |
Facts In Submission
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-2795000 | USD |
| CY2015Q1 | vnom |
Increase Decreasein Royalties Receivable
IncreaseDecreaseinRoyaltiesReceivable
|
-1155000 | USD |
| CY2014Q4 | vnom |
Royalties Receivable Current
RoyaltiesReceivableCurrent
|
8239000 | USD |
| CY2015Q1 | vnom |
Royalties Receivable Current
RoyaltiesReceivableCurrent
|
7084000 | USD |
| CY2015Q1 | vnom |
Vnom Limited Partners Capital Account Distribution Amount
Vnom_LimitedPartnersCapitalAccountDistributionAmount
|
-2315000 | USD |
| CY2015Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </font></div><div style="line-height:120%;padding-top:5px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts included in or affecting the Partnership’s financial statements and related disclosures must be estimated by management, requiring certain assumptions to be made with respect to values or conditions that cannot be known with certainty at the time the financial statements are prepared. These estimates and assumptions affect the amounts the Partnership reports for assets and liabilities and the Partnership’s disclosure of contingent assets and liabilities at the date of the financial statements. </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Partnership evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Partnership considers reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from the Partnership’s estimates. Any effects on the Partnership’s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Significant items subject to such estimates and assumptions include estimates of proved oil and natural gas reserves and related present value estimates of future net cash flows therefrom, the carrying value of oil and natural gas properties and unit–based compensation.</font></div></div> |
