$VNOM
Viper Energy Inc

2015 Q3 Form 10-Q Financial Statement

#000160206515000019 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q1
Revenue $18.78M $19.62M $15.85M
YoY Change -17.53% 13.74%
Cost Of Revenue $1.690M $1.420M $920.0K
YoY Change 14.19% 2.16%
Gross Profit $17.09M $18.20M $14.93M
YoY Change -19.73% 14.75%
Gross Profit Margin 91.02% 92.77% 94.18%
Selling, General & Admin $1.810M $1.310M $140.0K
YoY Change -15.42% 336.67%
% of Gross Profit 10.59% 7.2% 0.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.700M $9.000M $5.600M
YoY Change 8.75% 50.0%
% of Gross Profit 50.91% 49.45% 37.51%
Operating Expenses $12.23M $11.67M $6.632M
YoY Change 5.52% 83.54%
Operating Profit $6.545M $7.946M $9.221M
YoY Change -41.43% -16.32%
Interest Expense $358.0K $207.0K $0.00
YoY Change 12.93% -103.84%
% of Operating Profit 5.47% 2.61% 0.0%
Other Income/Expense, Net -$190.0K $99.00K -$5.368M
YoY Change -37.91%
Pretax Income $6.360M $8.050M $3.850M
YoY Change -41.49% 95.86%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $6.360M $8.050M $3.850M
YoY Change -41.49% 95.86%
Net Earnings / Revenue 33.87% 41.03% 24.29%
Basic Earnings Per Share
Diluted Earnings Per Share $79.77K $101.0K $50.52K
COMMON SHARES
Basic Shares Outstanding 79.72M shares 79.71M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.000M $10.00M $400.0K
YoY Change -62.96% 42.86%
Cash & Equivalents $4.951M $9.988M $7.029M
Short-Term Investments
Other Short-Term Assets $453.0K $467.0K $0.00
YoY Change -20.11% 2818.75%
Inventory
Prepaid Expenses
Receivables $10.60M $9.900M $6.600M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.50M $20.86M $7.100M
YoY Change -31.35% 46.75%
LONG-TERM ASSETS
Property, Plant & Equipment $483.9M $460.4M $440.2M
YoY Change -0.47% 5.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $35.87M $35.18M
YoY Change 2.25%
Total Long-Term Assets $519.8M $495.5M $440.2M
YoY Change -0.29% 13.53%
TOTAL ASSETS
Total Short-Term Assets $16.50M $20.86M $7.100M
Total Long-Term Assets $519.8M $495.5M $440.2M
Total Assets $536.3M $516.4M $447.3M
YoY Change -1.65% 14.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $0.00 $0.00
YoY Change -100.0%
Accrued Expenses $2.100M $1.100M $400.0K
YoY Change 16.67% -21.43%
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 $2.104M $1.105M $400.0K
YoY Change 17.61% -92.12%
LONG-TERM LIABILITIES
Long-Term Debt $29.00M $0.00 $440.0M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $29.00M $0.00 $440.0M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.104M $1.105M $400.0K
Total Long-Term Liabilities $29.00M $0.00 $440.0M
Total Liabilities $31.10M $1.100M $440.4M
YoY Change 1638.62% -92.15%
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 $505.2M $515.3M $6.800M
YoY Change
Total Liabilities & Shareholders Equity $536.3M $516.4M $447.3M
YoY Change -1.65% 14.58%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q1
OPERATING ACTIVITIES
Net Income $6.360M $8.050M $3.850M
YoY Change -41.49% 95.86%
Depreciation, Depletion And Amortization $8.700M $9.000M $5.600M
YoY Change 8.75% 50.0%
Cash From Operating Activities $15.80M $15.60M $6.500M
YoY Change 1.94% 105.26%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$6.900M
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$32.30M $0.00 $0.00
YoY Change -64.7%
Cash From Investing Activities -$32.30M $0.00 -$6.900M
YoY Change -64.7% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.50M -15.50M 0.000
YoY Change -86.04% 520.0%
NET CHANGE
Cash From Operating Activities 15.80M 15.60M 6.500M
Cash From Investing Activities -32.30M 0.000 -6.900M
Cash From Financing Activities 11.50M -15.50M 0.000
Net Change In Cash -5.000M 100.0K -400.0K
YoY Change -178.13% -98.51%
FREE CASH FLOW
Cash From Operating Activities $15.80M $15.60M $6.500M
Capital Expenditures $0.00 -$6.900M
Free Cash Flow $15.60M $13.40M
YoY Change 160.0%

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us-gaap Use Of Estimates
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<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&#8217;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&#8217;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&#8217;s estimates. Any effects on the Partnership&#8217;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&#8211;based compensation.</font></div></div>

Files In Submission

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