2019 Q3 Form 10-Q Financial Statement

#000160466519000025 Filed on August 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q2
Revenue $249.9M $270.1M $302.0M
YoY Change -31.27% -10.57% 4.09%
Cost Of Revenue $156.7M $178.1M $204.9M
YoY Change -41.91% -13.06% 7.51%
Gross Profit $93.22M $91.96M $97.12M
YoY Change -0.73% -5.31% -2.46%
Gross Profit Margin 37.3% 34.05% 32.16%
Selling, General & Admin $6.822M $7.639M $7.375M
YoY Change 15.45% 3.58% 7.1%
% of Gross Profit 7.32% 8.31% 7.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.31M $22.23M $22.04M
YoY Change 1.61% 0.83% -0.93%
% of Gross Profit 23.94% 24.17% 22.7%
Operating Expenses $6.822M $7.639M $7.375M
YoY Change 15.45% 3.58% 7.1%
Operating Profit $86.40M $84.32M $89.74M
YoY Change -1.82% -6.04% -3.17%
Interest Expense -$4.400M -$5.100M -$5.500M
YoY Change -21.43% -7.27% -6.78%
% of Operating Profit -5.09% -6.05% -6.13%
Other Income/Expense, Net $565.0K $1.153M $583.0K
YoY Change -15.42% 97.77% 2329.17%
Pretax Income $82.55M $80.35M $84.78M
YoY Change -0.57% -5.23% -2.29%
Income Tax $72.00K $237.0K $303.0K
% Of Pretax Income 0.09% 0.29% 0.36%
Net Earnings $14.92M $13.73M $12.76M
YoY Change 20.22% 7.65% 27.89%
Net Earnings / Revenue 5.97% 5.09% 4.22%
Basic Earnings Per Share
Diluted Earnings Per Share $423.3K $389.2K $397.5K
COMMON SHARES
Basic Shares Outstanding 35.19M shares 35.19M shares 32.24M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.60M $17.50M $28.50M
YoY Change 9.41% -38.6% -72.83%
Cash & Equivalents $18.65M $17.47M $28.48M
Short-Term Investments
Other Short-Term Assets $600.0K $100.0K $100.0K
YoY Change 20.0% 0.0%
Inventory $3.698M $4.029M $6.128M
Prepaid Expenses
Receivables $214.4M $199.5M $208.1M
Other Receivables $63.00K $1.256M $0.00
Total Short-Term Assets $237.3M $222.4M $242.8M
YoY Change -9.61% -8.4% 19.21%
LONG-TERM ASSETS
Property, Plant & Equipment $1.113B $1.129B $1.173B
YoY Change -4.15% -3.77% -3.86%
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 $50.90M $53.70M $70.30M
YoY Change -22.17% -23.61% -28.67%
Total Long-Term Assets $1.170B $1.189B $1.249B
YoY Change -5.09% -4.87% -5.27%
TOTAL ASSETS
Total Short-Term Assets $237.3M $222.4M $242.8M
Total Long-Term Assets $1.170B $1.189B $1.249B
Total Assets $1.407B $1.411B $1.492B
YoY Change -5.88% -5.45% -2.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.644M $8.030M $7.390M
YoY Change -27.46% 8.66% 4.06%
Accrued Expenses $22.96M $18.29M $19.00M
YoY Change 21.43% -3.73% 24.73%
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 $40.94M $36.31M $47.62M
YoY Change -38.52% -23.74% 30.85%
LONG-TERM LIABILITIES
Long-Term Debt $399.7M $399.7M $477.6M
YoY Change -16.31% -16.31% -18.82%
Other Long-Term Liabilities $2.082M $1.110M $146.0K
YoY Change 3828.3% 660.27% -13.1%
Total Long-Term Liabilities $2.082M $1.110M $146.0K
YoY Change 3828.3% 660.27% -13.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.94M $36.31M $47.62M
Total Long-Term Liabilities $2.082M $1.110M $146.0K
Total Liabilities $444.3M $438.8M $527.7M
YoY Change -18.6% -16.85% -15.81%
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 $276.3M $277.8M $218.2M
YoY Change
Total Liabilities & Shareholders Equity $1.407B $1.411B $1.492B
YoY Change -5.88% -5.45% -2.0%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $14.92M $13.73M $12.76M
YoY Change 20.22% 7.65% 27.89%
Depreciation, Depletion And Amortization $22.31M $22.23M $22.04M
YoY Change 1.61% 0.83% -0.93%
Cash From Operating Activities $121.5M $100.2M $114.4M
YoY Change 11.06% -12.41% 1.06%
INVESTING ACTIVITIES
Capital Expenditures -$4.400M -$13.50M -$6.900M
YoY Change -67.16% 95.65% -66.83%
Acquisitions
YoY Change
Other Investing Activities -$24.00M $135.5M -$8.700M
YoY Change 189.16% -1657.47% -8800.0%
Cash From Investing Activities -$28.50M $122.1M -$15.70M
YoY Change 31.94% -877.71% -24.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -91.90M -289.4M -95.10M
YoY Change -7.45% 204.31% -14.01%
NET CHANGE
Cash From Operating Activities 121.5M 100.2M 114.4M
Cash From Investing Activities -28.50M 122.1M -15.70M
Cash From Financing Activities -91.90M -289.4M -95.10M
Net Change In Cash 1.100M -67.10M 3.600M
YoY Change -109.57% -1963.89% -119.89%
FREE CASH FLOW
Cash From Operating Activities $121.5M $100.2M $114.4M
Capital Expenditures -$4.400M -$13.50M -$6.900M
Free Cash Flow $125.9M $113.7M $121.3M
YoY Change 2.52% -6.27% -9.48%

Facts In Submission

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us-gaap Proceeds From Issuance Or Sale Of Equity
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us-gaap Proceeds From Related Party Debt
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us-gaap Repayments Of Related Party Debt
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us-gaap Repayments Of Related Party Debt
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q4 us-gaap Other Receivables Net Current
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CY2019Q2 us-gaap Receivables Net Current
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CY2019Q2 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
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CY2018Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
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us-gaap Depreciation
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us-gaap Depreciation
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2019Q2 us-gaap Undistributed Earnings
UndistributedEarnings
-2380000 USD
CY2018Q2 us-gaap Undistributed Earnings
UndistributedEarnings
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us-gaap Undistributed Earnings
UndistributedEarnings
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us-gaap Undistributed Earnings
UndistributedEarnings
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CY2019Q2 us-gaap Distributed Earnings
DistributedEarnings
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us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
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CY2018Q2 us-gaap Net Income Loss
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CY2018Q2 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
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us-gaap Distributed Earnings
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us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
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us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
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CY2018Q4 wlkp Partners Units Maximum Aggregate Offering Amount Atm
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CY2019Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2019Q2 us-gaap Revenue From Related Parties
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us-gaap Revenue From Related Parties
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us-gaap Revenue From Related Parties
RevenueFromRelatedParties
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CY2019Q2 wlkp Receivablesunder Investment Management Agreementswith Related Parties Current
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CY2018Q4 wlkp Receivablesunder Investment Management Agreementswith Related Parties Current
ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent
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CY2019Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
9996000 USD
CY2018Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
27477000 USD
wlkp Siteleaseagreementnumber
Siteleaseagreementnumber
2
wlkp Siteleaseagreementsterminyears
Siteleaseagreementsterminyears
50
CY2019Q2 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
399674000 USD
CY2018Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
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CY2019Q2 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
399674000 USD
CY2018Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
477608000 USD
CY2019Q2 us-gaap Repayments Of Debt
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201445000 USD
CY2019Q2 us-gaap Longterm Debt Weighted Average Interest Rate
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CY2018Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.044
CY2019Q2 us-gaap Accrued Liabilities Current
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18287000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
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16250000 USD
CY2019Q2 us-gaap Interest Payable Current
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CY2019Q2 wlkp Accrued Maintenance Costs Current
AccruedMaintenanceCostsCurrent
2451000 USD
CY2019Q2 wlkp Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
2057000 USD
CY2019Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
3975000 USD
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
5448000 USD
CY2018Q4 wlkp Accrued Maintenance Costs Current
AccruedMaintenanceCostsCurrent
2688000 USD
CY2018Q4 wlkp Accrued Capital Expenditures Current
AccruedCapitalExpendituresCurrent
2818000 USD
CY2018Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
1564000 USD
wlkp Increase Decreasein Capital Expenditure Accrual
IncreaseDecreaseinCapitalExpenditureAccrual
567000 USD
wlkp Increase Decreasein Capital Expenditure Accrual
IncreaseDecreaseinCapitalExpenditureAccrual
5042000 USD

Files In Submission

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0001604665-19-000025.txt Edgar Link pending
0001604665-19-000025-xbrl.zip Edgar Link pending
a2019063010qwlkp.htm Edgar Link pending
a2019063010qwlkp_htm.xml Edgar Link completed
exhibit31120190630.htm Edgar Link pending
exhibit31220190630.htm Edgar Link pending
exhibit32120190630.htm Edgar Link pending
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