10-Q Filing

ADAMS RESOURCES & ENERGY, INC. CIK: 2178 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000002178-14-000044`
Period End Date	20140331
Filing Date	20140512
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ae-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 46 Cash Flow Statement 52

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.38M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$221.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.50M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$252.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $221 and $252, respectively	`AccountsReceivableNetCurrent`	$243.93M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $221 and $252, respectively	`AccountsReceivableNetCurrent`	$227.61M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$27.62M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$39.54M	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractsAssetsCurrent`	$395.00K	USD	Point-in-time
Preferred stock - par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractsAssetsCurrent`	$98.00K	USD	Point-in-time
Preferred stock - par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.10M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.84M	USD	Point-in-time
Preferred stock - shares authorized (in shares)	`PreferredStockSharesAuthorized`	960,000.00	shares	Point-in-time
Preferred stock - shares authorized (in shares)	`PreferredStockSharesAuthorized`	960,000.00	shares	Point-in-time
Preferred stock - outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepayments	`PrepaidExpenseAndOtherAssetsCurrent`	$16.78M	USD	Point-in-time
Prepayments	`PrepaidExpenseAndOtherAssetsCurrent`	$9.48M	USD	Point-in-time
Preferred stock - outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Common stock - par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock - par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$180.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$351.73M	USD	Point-in-time
Common stock - shares authorized (in shares)	`CommonStockSharesAuthorized`	7.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$367.94M	USD	Point-in-time
Common stock - shares authorized (in shares)	`CommonStockSharesAuthorized`	7.50M	shares	Point-in-time
Common stock - shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.22M	shares	Point-in-time
Common stock - shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.22M	shares	Point-in-time
Marketing	`MarketingPropertyAndEquipment`	$56.81M	USD	Point-in-time
Marketing	`MarketingPropertyAndEquipment`	$53.00M	USD	Point-in-time
Transportation	`TransportationPropertyAndEquipment`	$59.39M	USD	Point-in-time
Transportation	`TransportationPropertyAndEquipment`	$59.19M	USD	Point-in-time
Oil and gas (successful efforts method)	`OilAndGasPropertySuccessfulEffortMethodGross`	$98.95M	USD	Point-in-time
Oil and gas (successful efforts method)	`OilAndGasPropertySuccessfulEffortMethodGross`	$99.32M	USD	Point-in-time
Other	`PropertyPlantAndEquipmentOther`	$1.30M	USD	Point-in-time
Other	`PropertyPlantAndEquipmentOther`	$1.30M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$216.83M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$212.43M	USD	Point-in-time
Less - Accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$120.57M	USD	Point-in-time
Less - Accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$124.92M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$91.86M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$91.91M	USD	Point-in-time
Cash deposits and other	`OtherAssetsNoncurrent`	$4.76M	USD	Point-in-time
Cash deposits and other	`OtherAssetsNoncurrent`	$4.49M	USD	Point-in-time
Total Assets	`Assets`	$448.08M	USD	Point-in-time
Total Assets	`Assets`	$464.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$266.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$276.90M	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$38.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$38.00K	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractLiabilitiesCurrent`	-	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractLiabilitiesCurrent`	$19.00K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$5.58M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$7.48M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$394.00K	USD	Point-in-time
Current deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$358.00K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$91.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$284.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$272.17M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.59M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.56M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$18.07M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$18.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$305.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$293.40M	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`	$147.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$142.57M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$154.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$159.12M	USD	Point-in-time
Liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$464.61M	USD	Point-in-time
Liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$448.08M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Earnings (loss) from discontinued operations, tax	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	1 Quarter
Earnings (loss) from discontinued operations, tax	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$31.00K	USD	1 Quarter
Marketing	`RefiningAndMarketingRevenue`	$931.88M	USD	1 Quarter
Marketing	`RefiningAndMarketingRevenue`	$927.20M	USD	1 Quarter
Transportation	`GasGatheringTransportationMarketingAndProcessingRevenue`	$17.35M	USD	1 Quarter
Transportation	`GasGatheringTransportationMarketingAndProcessingRevenue`	$17.65M	USD	1 Quarter
Oil and natural gas	`OilAndGasRevenue`	$3.21M	USD	1 Quarter
Oil and natural gas	`OilAndGasRevenue`	$4.34M	USD	1 Quarter
Total revenues	`Revenues`	$952.43M	USD	1 Quarter
Total revenues	`Revenues`	$949.19M	USD	1 Quarter
Marketing	`RefiningAndMarketingCosts`	$916.68M	USD	1 Quarter
Marketing	`RefiningAndMarketingCosts`	$915.57M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$14.66M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$14.21M	USD	1 Quarter
Oil and gas operations	`OilAndGasProductionExpense`	$1.31M	USD	1 Quarter
Oil and gas operations	`OilAndGasProductionExpense`	$2.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.03M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.25M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$6.11M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$5.53M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$940.78M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$939.77M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$12.67M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$8.41M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$42.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$38.00K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00K	USD	1 Quarter
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.45M	USD	1 Quarter
Earnings from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.71M	USD	1 Quarter
Income tax (provision)	`IncomeTaxExpenseBenefitContinuingOperations`	$3.09M	USD	1 Quarter
Income tax (provision)	`IncomeTaxExpenseBenefitContinuingOperations`	$4.63M	USD	1 Quarter
Earnings from continuing operations	`IncomeLossFromContinuingOperations`	$5.36M	USD	1 Quarter
Earnings from continuing operations	`IncomeLossFromContinuingOperations`	$8.07M	USD	1 Quarter
Earnings (loss) from discontinued operations net of tax benefit of zero and $31, respectively	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Earnings (loss) from discontinued operations net of tax benefit of zero and $31, respectively	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-58.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.02M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$5.36M	USD	1 Quarter
From continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$1.27	USD	1 Quarter
From continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$1.91	USD	1 Quarter
From discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
From discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Basic and diluted net earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.27	USD	1 Quarter
Basic and diluted net earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.90	USD	1 Quarter
DIVIDENDS PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
DIVIDENDS PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$8.02M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$5.36M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.53M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$6.11M	USD	1 Quarter
Property sale (gains)	`GainLossOnSaleOfProperty`	$55.00K	USD	1 Quarter
Property sale (gains)	`GainLossOnSaleOfProperty`	$35.00K	USD	1 Quarter
Dry hole costs incurred	`ResultsOfOperationsDryHoleCosts`	$655.00K	USD	1 Quarter
Dry hole costs incurred	`ResultsOfOperationsDryHoleCosts`	-	USD	1 Quarter
Impairment of oil and gas properties	`ImpairmentOfOilAndGasProperties`	$52.00K	USD	1 Quarter
Impairment of oil and gas properties	`ImpairmentOfOilAndGasProperties`	$93.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuedOperations`	$-551.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuedOperations`	$864.00K	USD	1 Quarter
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$254.00K	USD	1 Quarter
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-316.00K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.53M	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.04M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$11.92M	USD	1 Quarter
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$2.31M	USD	1 Quarter
Decrease (increase) in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$1.74M	USD	1 Quarter
Decrease (increase) in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.20M	USD	1 Quarter
Decrease (increase) in prepayments	`IncreaseDecreaseInPrepaidExpense`	$-7.29M	USD	1 Quarter
Decrease (increase) in prepayments	`IncreaseDecreaseInPrepaidExpense`	$-1.05M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.99M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.72M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.03M	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.76M	USD	1 Quarter
Other changes, net	`OtherOperatingActivitiesCashFlowStatement`	$28.00K	USD	1 Quarter
Other changes, net	`OtherOperatingActivitiesCashFlowStatement`	$-162.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.41M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.87M	USD	1 Quarter
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.77M	USD	1 Quarter
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.90M	USD	1 Quarter
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$122.00K	USD	1 Quarter
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$35.00K	USD	1 Quarter
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$55.00K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.84M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.87M	USD	1 Quarter
Dividend payments	`PaymentsOfDividends`	$928.00K	USD	1 Quarter
Dividend payments	`PaymentsOfDividends`	-	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-928.00K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.65M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.74M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.50M	USD	Point-in-time

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