2017 Q4 Form 10-Q Financial Statement

#000160466517000033 Filed on November 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q4
Revenue $308.6M $296.8M $293.9M
YoY Change 5.0% 29.4% 18.28%
Cost Of Revenue $197.9M $201.4M $188.2M
YoY Change 5.15% 41.26% 25.05%
Gross Profit $110.7M $95.40M $105.7M
YoY Change 4.73% 9.91% 7.91%
Gross Profit Margin 35.88% 32.15% 35.97%
Selling, General & Admin $7.700M $6.805M $7.200M
YoY Change 6.94% 17.57% 26.32%
% of Gross Profit 6.95% 7.13% 6.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.50M $23.53M $30.70M
YoY Change -10.42% 18.98% 49.03%
% of Gross Profit 24.83% 24.66% 29.03%
Operating Expenses $7.800M $6.805M $7.200M
YoY Change 8.33% 17.57% 26.32%
Operating Profit $103.0M $88.60M $98.58M
YoY Change 4.47% 9.36% 6.85%
Interest Expense -$4.300M -$6.200M -$5.200M
YoY Change -17.31% 26.53% 333.33%
% of Operating Profit -4.18% -7.0% -5.27%
Other Income/Expense, Net -$100.0K $162.0K $400.0K
YoY Change -125.0% -1346.15% 100.0%
Pretax Income $98.70M $82.57M $93.70M
YoY Change 5.34% 8.57% 2.63%
Income Tax $400.0K $325.0K $100.0K
% Of Pretax Income 0.41% 0.39% 0.11%
Net Earnings $15.55M $13.39M $10.85M
YoY Change 43.27% 54.54% 0.61%
Net Earnings / Revenue 5.04% 4.51% 3.69%
Basic Earnings Per Share
Diluted Earnings Per Share $545.8K $492.6K $402.2K
COMMON SHARES
Basic Shares Outstanding 32.23M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.00M $17.20M $88.90M
YoY Change -69.63% -77.07% -47.58%
Cash & Equivalents $27.01M $17.25M $88.90M
Short-Term Investments
Other Short-Term Assets $300.0K $400.0K $300.0K
YoY Change 0.0% 0.0%
Inventory $5.590M $3.881M $3.934M
Prepaid Expenses
Receivables $198.5M $196.1M $138.3M
Other Receivables $0.00 $0.00 $736.0K
Total Short-Term Assets $231.4M $217.6M $232.2M
YoY Change -0.33% 13.17% 3.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.196B $1.206B $1.222B
YoY Change -2.13% -0.92% 19.77%
Goodwill $5.814M $5.814M $5.814M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $81.80M $93.84M $100.8M
YoY Change -18.87% -11.89% 126.1%
Total Long-Term Assets $1.284B $1.300B $1.323B
YoY Change -2.96% -3.29% 24.22%
TOTAL ASSETS
Total Short-Term Assets $231.4M $217.6M $232.2M
Total Long-Term Assets $1.284B $1.300B $1.323B
Total Assets $1.515B $1.518B $1.555B
YoY Change -2.57% -1.23% 20.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.52M $10.07M $9.930M
YoY Change 5.9% -47.51% -47.0%
Accrued Expenses $15.70M $20.72M $15.72M
YoY Change -0.13% -1.09% -32.85%
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 $40.24M $44.92M $37.78M
YoY Change 6.52% -5.58% -34.52%
LONG-TERM LIABILITIES
Long-Term Debt $474.0M $477.1M $594.6M
YoY Change -20.28% -19.83% 54.84%
Other Long-Term Liabilities $107.0K $79.00K $123.0K
YoY Change -13.01% -67.49% 36.67%
Total Long-Term Liabilities $107.0K $79.00K $123.0K
YoY Change -13.01% -67.49% 36.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.24M $44.92M $37.78M
Total Long-Term Liabilities $107.0K $79.00K $123.0K
Total Liabilities $516.5M $524.2M $634.3M
YoY Change -18.56% -18.69% 43.12%
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 $219.8M $216.9M $102.5M
YoY Change
Total Liabilities & Shareholders Equity $1.515B $1.518B $1.555B
YoY Change -2.57% -1.23% 20.53%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income $15.55M $13.39M $10.85M
YoY Change 43.27% 54.54% 0.61%
Depreciation, Depletion And Amortization $27.50M $23.53M $30.70M
YoY Change -10.42% 18.98% 49.03%
Cash From Operating Activities $135.5M $139.6M $110.3M
YoY Change 22.85% -1867.09% -9.07%
INVESTING ACTIVITIES
Capital Expenditures -$12.30M -$12.60M -$31.00M
YoY Change -60.32% -87.41% -60.56%
Acquisitions
YoY Change
Other Investing Activities -$17.20M -$119.0M $0.00
YoY Change -119100.0%
Cash From Investing Activities -$29.40M -$131.6M -$31.00M
YoY Change -5.16% 31.47% -60.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.20M -95.70M -65.50M
YoY Change 46.87% -401.89% 139.05%
NET CHANGE
Cash From Operating Activities 135.5M 139.6M 110.3M
Cash From Investing Activities -29.40M -131.6M -31.00M
Cash From Financing Activities -96.20M -95.70M -65.50M
Net Change In Cash 9.900M -87.70M 13.80M
YoY Change -28.26% 14.94% -9.8%
FREE CASH FLOW
Cash From Operating Activities $135.5M $139.6M $110.3M
Capital Expenditures -$12.30M -$12.60M -$31.00M
Free Cash Flow $147.8M $152.2M $141.3M
YoY Change 4.6% 65.08% -29.31%

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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
10000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
123000 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
79000 USD
CY2016Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
736000 USD
CY2017Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
0 USD
CY2016Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
35390000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
85940000 USD
CY2017Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
38726000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
152368000 USD
CY2016Q4 us-gaap Partners Capital
PartnersCapital
102484000 USD
CY2017Q3 us-gaap Partners Capital
PartnersCapital
216861000 USD
CY2015Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
847167000 USD
CY2016Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
891975000 USD
CY2016Q4 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
920963000 USD
CY2017Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
993479000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
268647000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56607000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
188736000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
263480000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
269000 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
413000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
110739000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
212175000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
155257000 USD
wlkp Insurance Proceedsfor Involuntary Conversion
InsuranceProceedsforInvoluntaryConversion
1672000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
157000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
129000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
75859000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1206246000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
228000 USD
wlkp Interestratecontracttransfersbetween Level1and Level2fairvalueamount
InterestratecontracttransfersbetweenLevel1andLevel2fairvalueamount
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-25000 USD
us-gaap Profit Loss
ProfitLoss
259822000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
82245000 USD
us-gaap Profit Loss
ProfitLoss
254743000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1222238000 USD
CY2016Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
12085000 USD
CY2017Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
16651000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1098000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
272765000 USD
CY2016Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
193964000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
606859000 USD
CY2017Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
258049000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
711968000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
229354000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
692799000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
296775000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
864336000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5788000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
17733000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6805000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21519000 USD
CY2016Q3 us-gaap Undistributed Earnings
UndistributedEarnings
-503000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
3486000 USD
CY2017Q3 us-gaap Undistributed Earnings
UndistributedEarnings
780000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
485000 USD
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27059730 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27059730 shares
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27172230 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27097642 shares
CY2016Q4 wlkp Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
2647000 USD
CY2017Q3 wlkp Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
2279000 USD
CY2016Q4 wlkp Accrued Maintenance Costs Current
AccruedMaintenanceCostsCurrent
2586000 USD
CY2017Q3 wlkp Accrued Maintenance Costs Current
AccruedMaintenanceCostsCurrent
3861000 USD
CY2016Q4 wlkp Buyerdeficiencyfee
Buyerdeficiencyfee
13106000 USD
wlkp Conversionof Units Amount
ConversionofUnitsAmount
0 USD
wlkp Gain Losson Involuntary Conversionof Assets
GainLossonInvoluntaryConversionofAssets
0 USD
wlkp Gain Losson Involuntary Conversionof Assets
GainLossonInvoluntaryConversionofAssets
1672000 USD
wlkp Increase Decrease In Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets
-267000 USD
wlkp Increase Decrease In Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets
144000 USD
wlkp Increase Decreasein Capital Expenditure Accrual
IncreaseDecreaseinCapitalExpenditureAccrual
15850000 USD
wlkp Increase Decreasein Capital Expenditure Accrual
IncreaseDecreaseinCapitalExpenditureAccrual
894000 USD
wlkp Increase Decreasein Receivablesunder Investment Management Agreements
IncreaseDecreaseinReceivablesunderInvestmentManagementAgreements
0 USD
wlkp Increase Decreasein Receivablesunder Investment Management Agreements
IncreaseDecreaseinReceivablesunderInvestmentManagementAgreements
119000000 USD
wlkp Insurance Proceedsfor Involuntary Conversion
InsuranceProceedsforInvoluntaryConversion
0 USD
CY2016Q4 wlkp Receivablesunder Investment Management Agreementswith Related Parties Current
ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent
0 USD
CY2017Q3 wlkp Receivablesunder Investment Management Agreementswith Related Parties Current
ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent
119009000 USD
CY2016Q4 wlkp Shortfallpercentagethreshold
Shortfallpercentagethreshold
0.95
CY2016Q4 wlkp Trade Customer Receivable Net Current
TradeCustomerReceivableNetCurrent
11349000 USD
CY2017Q3 wlkp Trade Customer Receivable Net Current
TradeCustomerReceivableNetCurrent
16651000 USD
wlkp Underwriting Discounts Structuring Feesand Offering Expenseson Issuanceof Equity
UnderwritingDiscountsStructuringFeesandOfferingExpensesonIssuanceofEquity
3111000 USD

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