10-Q Filing

ADAMS RESOURCES & ENERGY, INC. CIK: 2178 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000002178-11-000032`
Period End Date	20110630
Filing Date	20110812
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	ae-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 76 Cash Flow Statement 56

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Preferred stock - par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock - par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock - shares authorized	`PreferredStockSharesAuthorized`	960,000.00	shares	Point-in-time
Preferred stock - shares authorized	`PreferredStockSharesAuthorized`	960,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.03M	USD	Point-in-time
Preferred stock - outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.94M	USD	Point-in-time
Preferred stock - outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.18M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$8.75M	USD	Point-in-time
Common stock - par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Marketable securities	`MarketableSecurities`	-	USD	Point-in-time
Common stock - par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	7.50M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,351 and $1,064, respectively	`AccountsReceivableNetCurrent`	$212.75M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,351 and $1,064, respectively	`AccountsReceivableNetCurrent`	$190.17M	USD	Point-in-time
Common stock - shares authorized	`CommonStockSharesAuthorized`	7.50M	shares	Point-in-time
Inventories	`InventoryNet`	$20.39M	USD	Point-in-time
Common stock - outstanding	`CommonStockSharesOutstanding`	4.22M	shares	Point-in-time
Inventories	`InventoryNet`	$14.59M	USD	Point-in-time
Common stock - outstanding	`CommonStockSharesOutstanding`	4.22M	shares	Point-in-time
Fair value contracts	`CommodityContractAssetCurrent`	$7.80M	USD	Point-in-time
Fair value contracts	`CommodityContractAssetCurrent`	$2.76M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.32M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$407.00K	USD	Point-in-time
Prepayments	`PrepaidExpenseCurrent`	$8.10M	USD	Point-in-time
Prepayments	`PrepaidExpenseCurrent`	$8.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$246.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$286.52M	USD	Point-in-time
Marketing	`MarketingPropertyAndEquipment`	$-25.41M	USD	Point-in-time
Marketing	`MarketingPropertyAndEquipment`	$-33.85M	USD	Point-in-time
Transportation	`TransportationPropertyAndEquipment`	$-43.13M	USD	Point-in-time
Transportation	`TransportationPropertyAndEquipment`	$-51.10M	USD	Point-in-time
Oil and gas (successful efforts method)	`OilAndGasPropertySuccessfulEffortMethodGross`	$-73.01M	USD	Point-in-time
Oil and gas (successful efforts method)	`OilAndGasPropertySuccessfulEffortMethodGross`	$-84.42M	USD	Point-in-time
Other	`PropertyPlantAndEquipmentOther`	$-188.00K	USD	Point-in-time
Other	`PropertyPlantAndEquipmentOther`	$-192.00K	USD	Point-in-time
Property and Equipment	`PropertyPlantAndEquipmentGross`	$169.55M	USD	Point-in-time
Property and Equipment	`PropertyPlantAndEquipmentGross`	$141.74M	USD	Point-in-time
Less - Accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$94.15M	USD	Point-in-time
Less - Accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$99.99M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$47.59M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$69.56M	USD	Point-in-time
Oil and gas property held for sale	`AssetsHeldForSalePropertyPlantAndEquipment`	$3.39M	USD	Point-in-time
Oil and gas property held for sale	`AssetsHeldForSalePropertyPlantAndEquipment`	-	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetNoncurrent`	$275.00K	USD	Point-in-time
Deferred income tax asset	`DeferredTaxAssetsNetNoncurrent`	$374.00K	USD	Point-in-time
Cash deposits and other	`OtherAssetsNoncurrent`	$2.98M	USD	Point-in-time
Cash deposits and other	`OtherAssetsNoncurrent`	$3.03M	USD	Point-in-time
Total Assests	`Assets`	$359.39M	USD	Point-in-time
Total Assests	`Assets`	$301.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$200.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$237.45M	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$9.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$95.00K	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractLiabilitiesCurrent`	$1.48M	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractLiabilitiesCurrent`	$6.01M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$3.89M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$6.82M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$916.00K	USD	Point-in-time
Current deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$854.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$207.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$251.30M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.39M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.41M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredTaxLiabilitiesNoncurrent`	$7.35M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredTaxLiabilitiesNoncurrent`	$2.76M	USD	Point-in-time
Total Liabilities	`Liabilities`	$211.15M	USD	Point-in-time
Total Liabilities	`Liabilities`	$260.06M	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $1.00 par value, 960,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $1.00 par value, 960,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.10 par value, 7,500,000 shares authorized, 4,217,596 shares outstanding	`CommonStockValue`	$422.00K	USD	Point-in-time
Common stock - $.10 par value, 7,500,000 shares authorized, 4,217,596 shares outstanding	`CommonStockValue`	$422.00K	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapital`	$11.69M	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapital`	$11.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$78.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$87.21M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$90.16M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$99.33M	USD	Point-in-time
Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$301.31M	USD	Point-in-time
Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$359.39M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Marketing	`RefiningAndMarketingRevenue`	$529.43M	USD	1 Quarter
Marketing	`RefiningAndMarketingRevenue`	$1.48B	USD	2 Qtrs
Marketing	`RefiningAndMarketingRevenue`	$1.05B	USD	2 Qtrs
Marketing	`RefiningAndMarketingRevenue`	$802.32M	USD	1 Quarter
Transportation	`GasGatheringTransportationMarketingAndProcessingRevenue`	$14.97M	USD	1 Quarter
Transportation	`GasGatheringTransportationMarketingAndProcessingRevenue`	$34.15M	USD	2 Qtrs
Transportation	`GasGatheringTransportationMarketingAndProcessingRevenue`	$18.08M	USD	1 Quarter
Transportation	`GasGatheringTransportationMarketingAndProcessingRevenue`	$28.08M	USD	2 Qtrs
Oil and gas	`OilAndGasRevenue`	$2.74M	USD	1 Quarter
Oil and gas	`OilAndGasRevenue`	$6.57M	USD	2 Qtrs
Oil and gas	`OilAndGasRevenue`	$5.32M	USD	2 Qtrs
Oil and gas	`OilAndGasRevenue`	$3.81M	USD	1 Quarter
Total Revenues	`Revenues`	$824.21M	USD	1 Quarter
Total Revenues	`Revenues`	$547.14M	USD	1 Quarter
Total Revenues	`Revenues`	$1.08B	USD	2 Qtrs
Total Revenues	`Revenues`	$1.52B	USD	2 Qtrs
Marketing	`MarketingExpense`	$1.04B	USD	2 Qtrs
Marketing	`MarketingExpense`	$526.34M	USD	1 Quarter
Marketing	`MarketingExpense`	$1.47B	USD	2 Qtrs
Marketing	`MarketingExpense`	$795.87M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$27.35M	USD	2 Qtrs
Transportation	`ShippingHandlingAndTransportationCosts`	$14.11M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$11.71M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$22.84M	USD	2 Qtrs
Oil and gas operations	`OilAndGasProductionExpense`	$2.03M	USD	1 Quarter
Oil and gas operations	`OilAndGasProductionExpense`	$2.80M	USD	2 Qtrs
Oil and gas operations	`OilAndGasProductionExpense`	$1.59M	USD	1 Quarter
Oil and gas operations	`OilAndGasProductionExpense`	$3.83M	USD	2 Qtrs
Oil and gas property sale (gain)	`GainsLossesOnSalesOfAssets`	-	USD	1 Quarter
Oil and gas property sale (gain)	`GainsLossesOnSalesOfAssets`	$-2.83M	USD	2 Qtrs
Oil and gas property sale (gain)	`GainsLossesOnSalesOfAssets`	-	USD	2 Qtrs
Oil and gas property sale (gain)	`GainsLossesOnSalesOfAssets`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.60M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.40M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$3.90M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$2.71M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$5.55M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$7.32M	USD	2 Qtrs
Total Costs Expense	`CostsAndExpenses`	$1.08B	USD	2 Qtrs
Total Costs Expense	`CostsAndExpenses`	$1.51B	USD	2 Qtrs
Total Costs Expense	`CostsAndExpenses`	$544.49M	USD	1 Quarter
Total Costs Expense	`CostsAndExpenses`	$818.40M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$14.28M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$5.81M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$2.66M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$5.23M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$43.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$91.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$30.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$19.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$7.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$31.00K	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.23M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.84M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.67M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.37M	USD	2 Qtrs
Income tax (provision)	`IncomeTaxExpenseBenefit`	$5.19M	USD	2 Qtrs
Income tax (provision)	`IncomeTaxExpenseBenefit`	$1.75M	USD	2 Qtrs
Income tax (provision)	`IncomeTaxExpenseBenefit`	$990.00K	USD	1 Quarter
Income tax (provision)	`IncomeTaxExpenseBenefit`	$2.25M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.17M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$1.69M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.59M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.48M	USD	2 Qtrs
Basic and diluted net earnings per common share	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Basic and diluted net earnings per common share	`EarningsPerShareDiluted`	$2.17	USD	2 Qtrs
Basic and diluted net earnings per common share	`EarningsPerShareDiluted`	$0.85	USD	1 Quarter
Basic and diluted net earnings per common share	`EarningsPerShareDiluted`	$0.82	USD	2 Qtrs
DIVIDENDS PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
DIVIDENDS PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	-	USD	2 Qtrs
DIVIDENDS PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	-	USD	2 Qtrs
DIVIDENDS PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$9.17M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$1.69M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.59M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.48M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$7.32M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.55M	USD	2 Qtrs
Property sale (gains)	`GainLossOnSaleOfProperty`	$-3.37M	USD	2 Qtrs
Property sale (gains)	`GainLossOnSaleOfProperty`	$-119.00K	USD	2 Qtrs
Dry hole costs incurred	`ResultsOfOperationsDryHoleCosts`	$511.00K	USD	2 Qtrs
Dry hole costs incurred	`ResultsOfOperationsDryHoleCosts`	$303.00K	USD	2 Qtrs
Impairment of oil and gas properties	`ImpairmentOfOilAndGasProperties`	$562.00K	USD	2 Qtrs
Impairment of oil and gas properties	`ImpairmentOfOilAndGasProperties`	$789.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$287.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.76M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$361.00K	USD	2 Qtrs
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$158.00K	USD	2 Qtrs
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-508.00K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.87M	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.17M	USD	2 Qtrs
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$3.71M	USD	2 Qtrs
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$-5.80M	USD	2 Qtrs
Decrease (increase) in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.91M	USD	2 Qtrs
Decrease (increase) in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$967.00K	USD	2 Qtrs
Decrease (increase) in prepayments	`IncreaseDecreaseInPrepaidExpense`	$-376.00K	USD	2 Qtrs
Decrease (increase) in prepayments	`IncreaseDecreaseInPrepaidExpense`	$4.40M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$36.68M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.85M	USD	2 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$421.00K	USD	2 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.38M	USD	2 Qtrs
Other changes, net	`OtherAssetImpairmentCharges`	$91.00K	USD	2 Qtrs
Other changes, net	`OtherAssetImpairmentCharges`	$32.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.57M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.37M	USD	2 Qtrs
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.03M	USD	2 Qtrs
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.26M	USD	2 Qtrs
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	-	USD	2 Qtrs
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$93.00K	USD	2 Qtrs
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$123.00K	USD	2 Qtrs
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.30M	USD	2 Qtrs
Investment in marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	2 Qtrs
Investment in marketable securities	`PaymentsToAcquireMarketableSecurities`	$-11.10M	USD	2 Qtrs
Redemption of marketable securities	`PaymentsForProceedsFromInvestments`	-	USD	2 Qtrs
Redemption of marketable securities	`PaymentsForProceedsFromInvestments`	$2.40M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.66M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.00M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.37M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.09M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.18M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.