$VNOM
Viper Energy Inc Stock $vnom

$vnom Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000160206517000024 Filed on May 04, 2017

Income Statement

Concept	2017 Q2	2017 Q1	2016 Q1
Revenue	$36.62M	$33.65M	$14.19M
YoY Change	115.02%	137.09%	-14.21%
Cost Of Revenue	$2.770M	$2.070M	$1.300M
YoY Change	97.86%	59.23%	-2.26%
Gross Profit	$33.85M	$31.58M	$12.89M
YoY Change	116.57%	145.0%	-15.31%
Gross Profit Margin	92.43%	93.84%	90.81%
Selling, General & Admin	$1.700M	$2.290M	$1.840M
YoY Change	30.77%	24.46%	18.71%
% of Gross Profit	5.02%	7.25%	14.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$9.700M	$7.800M	$8.200M
YoY Change	49.23%	-4.88%	-7.87%
% of Gross Profit	28.66%	24.7%	63.62%
Operating Expenses	$14.14M	$12.20M	$37.30M
YoY Change	-54.0%	-67.29%	216.59%
Operating Profit	$22.48M	$21.45M	-$23.10M
YoY Change	-263.95%	-192.84%	-584.97%
Interest Expense	$643.0K	$612.0K	$430.0K
YoY Change	41.01%	42.33%	155.95%
% of Operating Profit	2.86%	2.85%
Other Income/Expense, Net	-$330.0K	-$798.0K	-$231.0K
YoY Change	6.8%	245.45%	-172.64%
Pretax Income	$22.15M	$20.65M	-$23.34M
YoY Change	-257.98%	-188.47%	-559.45%
Income Tax	$0.00
% Of Pretax Income	0.0%
Net Earnings	$22.15M	$20.65M	-$23.34M
YoY Change	-257.98%	-188.47%	-559.45%
Net Earnings / Revenue	60.48%	61.36%	-164.44%
Basic Earnings Per Share
Diluted Earnings Per Share	$226.8K	$217.4K	-$292.7K
COMMON SHARES
Basic Shares Outstanding	97.58M shares	87.80M shares	79.73M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q2	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.600M	$28.60M	$4.700M
YoY Change	-73.77%	508.51%	-52.04%
Cash & Equivalents	$1.614M	$28.56M	$4.663M
Short-Term Investments
Other Short-Term Assets	$191.0K	$208.0K	$205.0K
YoY Change	46.92%	1.46%	-58.33%
Inventory
Prepaid Expenses
Receivables	$11.10M	$9.217M	$6.500M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$16.13M	$44.94M	$11.82M
YoY Change	9.52%	280.13%	-33.94%
LONG-TERM ASSETS
Property, Plant & Equipment	$720.1M	$612.6M	$451.3M
YoY Change	66.5%	35.74%	-3.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$35.08M	$35.05M	$35.42M
YoY Change	-0.75%	-1.05%	1.36%
Total Long-Term Assets	$755.2M	$647.7M	$486.7M
YoY Change	61.41%	33.07%	-3.48%
TOTAL ASSETS
Total Short-Term Assets	$16.13M	$44.94M	$11.82M
Total Long-Term Assets	$755.2M	$647.7M	$486.7M
Total Assets	$771.3M	$692.6M	$498.5M
YoY Change	59.83%	38.93%	-4.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.000K	$31.00K	$0.00
YoY Change	-82.61%		-100.0%
Accrued Expenses	$1.700M	$800.0K	$900.0K
YoY Change	21.43%	-11.11%	28.57%
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	$1.697M	$872.0K	$910.0K
YoY Change	19.93%	-4.18%	29.81%
LONG-TERM LIABILITIES
Long-Term Debt	$81.50M	$0.00	$43.00M
YoY Change	58.25%	-100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$81.50M	$0.00	$43.00M
YoY Change	58.25%	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.697M	$872.0K	$910.0K
Total Long-Term Liabilities	$81.50M	$0.00	$43.00M
Total Liabilities	$83.20M	$872.0K	$43.91M
YoY Change	57.23%	-98.01%	6172.86%
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	$688.1M	$691.7M	$454.6M
YoY Change
Total Liabilities & Shareholders Equity	$771.3M	$692.6M	$498.5M
YoY Change	59.83%	38.93%	-4.53%

Cashflow Statement

Concept	2017 Q2	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$22.15M	$20.65M	-$23.34M
YoY Change	-257.98%	-188.47%	-559.45%
Depreciation, Depletion And Amortization	$9.700M	$7.800M	$8.200M
YoY Change	49.23%	-4.88%	-7.87%
Cash From Operating Activities	$35.30M	$26.10M	$15.90M
YoY Change	150.35%	64.15%	8.9%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$114.1M	-$8.600M	$0.00
YoY Change	1140.22%		-100.0%
Cash From Investing Activities	-$114.1M	-$8.600M	-$2.100M
YoY Change	1140.22%	309.52%	-2200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	51.70M	1.900M	-9.700M
YoY Change	-1620.59%	-119.59%	-51.26%
NET CHANGE
Cash From Operating Activities	35.30M	26.10M	15.90M
Cash From Investing Activities	-114.1M	-8.600M	-2.100M
Cash From Financing Activities	51.70M	1.900M	-9.700M
Net Change In Cash	-27.10M	19.40M	4.100M
YoY Change	-1906.67%	373.17%	-178.85%
FREE CASH FLOW
Cash From Operating Activities	$35.30M	$26.10M	$15.90M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001602065
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CY2017Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	Viper Energy Partners LP
CY2017Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
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CY2016Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	3470000	USD
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CY2016Q1	us-gaap	Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment	0	shares
CY2017Q1	us-gaap	Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment	10000	shares
CY2017Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements and related notes thereto were prepared in conformity with GAAP. All material intercompany balances and transactions are eliminated in consolidation. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These financial statements have been prepared by the Partnership without audit, pursuant to the rules and regulations of the SEC. They reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for interim periods, on a basis consistent with the annual audited financial statements. All such adjustments are of a normal recurring nature. Certain information, accounting policies and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations, although the Partnership believes the disclosures are adequate to make the information presented not misleading. This Quarterly Report on Form 10–Q should be read in conjunction with the Partnership’s most recent Annual Report on Form 10–K for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, which contains a summary of the Partnership’s significant accounting policies and other disclosures.</font></div></div>
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;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%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;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%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;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 interests and unit–based compensation.</font></div></div>

Files In Submission

Name	View Source	Status
0001602065-17-000024-index-headers.html	Edgar Link	pending
0001602065-17-000024-index.html	Edgar Link	pending
0001602065-17-000024.txt	Edgar Link	pending
0001602065-17-000024-xbrl.zip	Edgar Link	pending
fang-20170331.xml	Edgar Link	completed
fang-20170331.xsd	Edgar Link	pending
fang-20170331_cal.xml	Edgar Link	unprocessable
fang-20170331_def.xml	Edgar Link	unprocessable
fang-20170331_lab.xml	Edgar Link	unprocessable
fang-20170331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
q12017viper10-q.htm	Edgar Link	pending
q12017viper10-qxex311.htm	Edgar Link	pending
q12017viper10-qxex312.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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2017 Q2 Form 10-Q Financial Statement

#000160206517000024 Filed on May 04, 2017

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2017 Q2 Form 10-Q Financial Statement

#000160206517000024 Filed on May 04, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VNOM
Viper Energy Inc Stock $vnom