2013 Q3 Form 10-Q Financial Statement
#000119312513314557 Filed on August 01, 2013
Income Statement
Concept | 2013 Q3 | 2013 Q2 | 2012 Q2 |
---|---|---|---|
Revenue | $273.5M | $251.4M | $220.3M |
YoY Change | 16.52% | 14.11% | |
Cost Of Revenue | $93.50M | $93.50M | $82.50M |
YoY Change | 4.94% | 13.33% | |
Gross Profit | $180.0M | $157.9M | $137.9M |
YoY Change | 23.63% | 14.5% | |
Gross Profit Margin | 65.81% | 62.81% | 62.59% |
Selling, General & Admin | $57.40M | $56.00M | $50.80M |
YoY Change | 2.68% | 10.24% | |
% of Gross Profit | 31.89% | 35.47% | 36.84% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $37.70M | $36.50M | $27.70M |
YoY Change | 32.28% | 31.77% | |
% of Gross Profit | 20.94% | 23.12% | 20.09% |
Operating Expenses | $95.00M | $92.50M | $78.50M |
YoY Change | 12.69% | 17.83% | |
Operating Profit | $89.52M | $68.94M | $59.28M |
YoY Change | 46.01% | 16.29% | |
Interest Expense | $13.02M | $12.65M | $9.560M |
YoY Change | 18.59% | 32.36% | |
% of Operating Profit | 14.54% | 18.36% | 16.13% |
Other Income/Expense, Net | $466.0K | $493.0K | -$1.267M |
YoY Change | -10.73% | -138.91% | |
Pretax Income | $81.20M | $61.00M | $52.68M |
YoY Change | 47.41% | 15.8% | |
Income Tax | -$27.00K | $53.00K | $12.93M |
% Of Pretax Income | -0.03% | 0.09% | 24.54% |
Net Earnings | $44.44M | $34.53M | $18.67M |
YoY Change | 130.15% | 84.93% | |
Net Earnings / Revenue | 16.25% | 13.73% | 8.47% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $202.8K | $157.6K | |
COMMON SHARES | |||
Basic Shares Outstanding | 218.9M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2013 Q3 | 2013 Q2 | 2012 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $57.00M | $92.00M | |
YoY Change | 21.28% | ||
Cash & Equivalents | $57.08M | $92.41M | $258.1M |
Short-Term Investments | |||
Other Short-Term Assets | $8.912M | $6.533M | |
YoY Change | -0.98% | ||
Inventory | $2.000M | $2.000M | |
Prepaid Expenses | |||
Receivables | $75.70M | $76.85M | |
Other Receivables | $2.000M | $2.000M | |
Total Short-Term Assets | $141.7M | $175.8M | |
YoY Change | 81.65% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.244B | $3.094B | |
YoY Change | 38.45% | ||
Goodwill | $105.3M | $105.3M | |
YoY Change | |||
Intangibles | $54.44M | $54.80M | |
YoY Change | |||
Long-Term Investments | $227.6M | $211.2M | |
YoY Change | 114.68% | ||
Other Assets | $28.08M | $26.68M | |
YoY Change | 3.99% | ||
Total Long-Term Assets | $3.919B | $3.752B | |
YoY Change | 36.28% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $141.7M | $175.8M | |
Total Long-Term Assets | $3.919B | $3.752B | |
Total Assets | $4.061B | $3.928B | |
YoY Change | 37.47% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $19.00M | $23.00M | |
YoY Change | -77.91% | ||
Accrued Expenses | $140.3M | $110.6M | |
YoY Change | 13.16% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $178.1M | $146.5M | |
YoY Change | -35.23% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.518B | $1.418B | |
YoY Change | 50.31% | ||
Other Long-Term Liabilities | $76.00M | $75.00M | |
YoY Change | -6.17% | ||
Total Long-Term Liabilities | $1.596B | $1.495B | |
YoY Change | 46.31% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $178.1M | $146.5M | |
Total Long-Term Liabilities | $1.596B | $1.495B | |
Total Liabilities | $1.774B | $1.642B | |
YoY Change | -37.63% | ||
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 | $825.0M | $835.0M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.061B | $3.928B | |
YoY Change | 37.47% |
Cashflow Statement
Concept | 2013 Q3 | 2013 Q2 | 2012 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $44.44M | $34.53M | $18.67M |
YoY Change | 130.15% | 84.93% | |
Depreciation, Depletion And Amortization | $37.70M | $36.50M | $27.70M |
YoY Change | 32.28% | 31.77% | |
Cash From Operating Activities | $133.6M | $43.30M | $50.30M |
YoY Change | -2.34% | -13.92% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$129.9M | -$173.3M | -$117.3M |
YoY Change | -38.38% | 47.74% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$119.5M | -$177.7M | -$2.300M |
YoY Change | -14.52% | 7626.09% | |
Cash From Investing Activities | -$249.3M | -$351.1M | -$119.4M |
YoY Change | -28.93% | 194.05% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 80.50M | 308.6M | 287.6M |
YoY Change | 2200.0% | 7.3% | |
NET CHANGE | |||
Cash From Operating Activities | 133.6M | 43.30M | 50.30M |
Cash From Investing Activities | -249.3M | -351.1M | -119.4M |
Cash From Financing Activities | 80.50M | 308.6M | 287.6M |
Net Change In Cash | -35.20M | 800.0K | 218.5M |
YoY Change | -83.28% | -99.63% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $133.6M | $43.30M | $50.30M |
Capital Expenditures | -$129.9M | -$173.3M | -$117.3M |
Free Cash Flow | $263.5M | $216.6M | $167.6M |
YoY Change | -24.19% | 29.24% |
Facts In Submission
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2013-06-30 | ||
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wgp |
Minority Interest And Paid In Capital Increase From Stock Issuance
MinorityInterestAndPaidInCapitalIncreaseFromStockIssuance
|
416119000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
68936000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1818000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
1229000 | USD | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
1126000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
26951000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
255000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
3190000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
162412000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
339756000 | USD | |
us-gaap |
Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
29824000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1049490000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
494948000 | USD | |
us-gaap |
Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
-1809000 | USD | |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
2367000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
46980000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
556934000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-330144000 | USD | |
us-gaap |
Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
|
31103000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
58929000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
45317000 | USD | |
us-gaap |
Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
|
4515000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
31493000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1834000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-658549000 | USD | |
us-gaap |
Increase Decrease In Outstanding Checks Financing Activities
IncreaseDecreaseInOutstandingChecksFinancingActivities
|
-1010000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-9948000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
144825000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
549000000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
545217000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
54808000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-5406000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
193053000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-12723000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
4407000 | USD | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
1030000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
886369000 | USD | |
CY2012Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
258052000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
23516000 | USD | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
18186000 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
72000 | USD | |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
226559000 | USD |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
382000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
245000000 | USD | |
us-gaap |
Partners Capital Account Return Of Capital
PartnersCapitalAccountReturnOfCapital
|
615000 | USD | |
us-gaap |
Partners Capital Account Return Of Capital
PartnersCapitalAccountReturnOfCapital
|
4096000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
486127000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
446666000 | USD | |
wgp |
Business Acquisitions Pro Forma Profit Loss
BusinessAcquisitionsProFormaProfitLoss
|
112958000 | USD | |
wgp |
Business Acquisitions Pro Forma Profit Loss
BusinessAcquisitionsProFormaProfitLoss
|
83592000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
67175000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
33939000 | USD | |
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
0.29 | ||
wgp |
Number Of Days Subsequent To Quarter End That Cash Is Required To Be Distributed
NumberOfDaysSubsequentToQuarterEndThatCashIsRequiredToBeDistributed
|
P55D | ||
CY2012Q4 | us-gaap |
Distribution Made To Member Or Limited Partner Distributions Declared Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsDeclaredPerUnit
|
0.03587 | |
CY2013Q1 | us-gaap |
Distribution Made To Member Or Limited Partner Distributions Declared Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsDeclaredPerUnit
|
0.17875 | |
CY2012Q4 | us-gaap |
Distribution Made To Member Or Limited Partner Cash Distributions Declared
DistributionMadeToMemberOrLimitedPartnerCashDistributionsDeclared
|
7900000 | USD |
CY2013Q1 | us-gaap |
Distribution Made To Member Or Limited Partner Cash Distributions Declared
DistributionMadeToMemberOrLimitedPartnerCashDistributionsDeclared
|
39100000 | USD |
CY2012Q4 | wgp |
Number Of Days In Prorated Period
NumberOfDaysInProratedPeriod
|
P20D | |
CY2013Q2 | us-gaap |
Distribution Made To Member Or Limited Partner Distributions Declared Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsDeclaredPerUnit
|
0.1975 | |
CY2013Q2 | us-gaap |
Distribution Made To Member Or Limited Partner Cash Distributions Declared
DistributionMadeToMemberOrLimitedPartnerCashDistributionsDeclared
|
43200000 | USD |
CY2013Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
1420000000 | USD |
CY2012Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
1170000000 | USD |
CY2013Q2 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
533000 | USD |
CY2013Q2 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
1696000 | USD |
CY2013Q2 | us-gaap |
Energy Related Inventory Natural Gas Liquids
EnergyRelatedInventoryNaturalGasLiquids
|
2327000 | USD |
CY2013Q2 | wgp |
Gas Imbalance Receivable Current
GasImbalanceReceivableCurrent
|
1977000 | USD |
CY2012Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
1897000 | USD |
CY2012Q4 | wgp |
Gas Imbalance Receivable Current
GasImbalanceReceivableCurrent
|
1663000 | USD |
CY2012Q4 | us-gaap |
Energy Related Inventory Natural Gas Liquids
EnergyRelatedInventoryNaturalGasLiquids
|
1678000 | USD |
CY2012Q4 | us-gaap |
Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
|
1760000 | USD |
CY2013Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
15691000 | USD |
CY2013Q2 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
1905000 | USD |
CY2013Q2 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
649000 | USD |
CY2013Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
144000 | USD |
CY2012Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
15868000 | USD |
CY2012Q4 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
1711000 | USD |
CY2012Q4 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
799000 | USD |
CY2012Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1561000 | USD |
CY2013Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1418362000 | USD |
CY2013Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
1444445000 | USD |
CY2012Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1168278000 | USD |
CY2012Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
1169874000 | USD |