10-Q Filing

ADAMS RESOURCES & ENERGY, INC. CIK: 2178 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0000002178-15-000040`
Period End Date	20150630
Filing Date	20150807
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	ae-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 72 Cash Flow Statement 54

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$171.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.18M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$179.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $171 and $179, respectively	`AccountsReceivableNetCurrent`	$144.43M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $171 and $179, respectively	`AccountsReceivableNetCurrent`	$145.71M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$13.48M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$17.08M	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractsAssetsCurrent`	$403.00K	USD	Point-in-time
Preferred stock - par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock - par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractsAssetsCurrent`	$936.00K	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
Income tax receivable	`IncomeTaxesReceivable`	$970.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Prepayments	`PrepaidExpenseAndOtherAssetsCurrent`	$10.94M	USD	Point-in-time
Preferred stock - outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepayments	`PrepaidExpenseAndOtherAssetsCurrent`	$11.15M	USD	Point-in-time
Preferred stock - outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$258.32M	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
Total current assets	`AssetsCurrent`	$250.94M	USD	Point-in-time
Common stock - shares authorized (in shares)	`CommonStockSharesAuthorized`	7.50M	shares	Point-in-time
Common stock - shares authorized (in shares)	`CommonStockSharesAuthorized`	7.50M	shares	Point-in-time
Marketing	`MarketingPropertyAndEquipment`	$65.86M	USD	Point-in-time
Marketing	`MarketingPropertyAndEquipment`	$66.03M	USD	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
Transportation	`TransportationPropertyAndEquipment`	$63.24M	USD	Point-in-time
Transportation	`TransportationPropertyAndEquipment`	$63.67M	USD	Point-in-time
Oil and gas (successful efforts method)	`OilAndGasPropertySuccessfulEffortMethodGross`	$88.66M	USD	Point-in-time
Oil and gas (successful efforts method)	`OilAndGasPropertySuccessfulEffortMethodGross`	$89.38M	USD	Point-in-time
Other	`PropertyPlantAndEquipmentOther`	$186.00K	USD	Point-in-time
Other	`PropertyPlantAndEquipmentOther`	$187.00K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$219.27M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$217.95M	USD	Point-in-time
Less - Accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$133.08M	USD	Point-in-time
Less - Accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$143.43M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$84.87M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$75.84M	USD	Point-in-time
Cash deposits and other	`OtherAssetsNoncurrent`	$5.00M	USD	Point-in-time
Cash deposits and other	`OtherAssetsNoncurrent`	$5.41M	USD	Point-in-time
Total Assets	`Assets`	$339.57M	USD	Point-in-time
Total Assets	`Assets`	$340.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$149.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$160.74M	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$51.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$1.00K	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractLiabilitiesCurrent`	$943.00K	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractLiabilitiesCurrent`	$360.00K	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$10.86M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$6.21M	USD	Point-in-time
Current deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$658.00K	USD	Point-in-time
Current deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$678.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$161.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$168.60M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.46M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.48M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$12.80M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$12.25M	USD	Point-in-time
Total liabilities	`Liabilities`	$183.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$176.49M	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`	$150.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$145.38M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$163.08M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$157.50M	USD	Point-in-time
Liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$340.81M	USD	Point-in-time
Liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$339.57M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Marketing	`RefiningAndMarketingRevenue`	$2.07B	USD	2 Qtrs
Marketing	`RefiningAndMarketingRevenue`	$581.24M	USD	1 Quarter
Marketing	`RefiningAndMarketingRevenue`	$1.12B	USD	2 Qtrs
Marketing	`RefiningAndMarketingRevenue`	$1.14B	USD	1 Quarter
Transportation	`LiquidChemicalTransportationRevenue`	$34.17M	USD	2 Qtrs
Transportation	`LiquidChemicalTransportationRevenue`	$17.30M	USD	1 Quarter
Transportation	`LiquidChemicalTransportationRevenue`	$34.95M	USD	2 Qtrs
Transportation	`LiquidChemicalTransportationRevenue`	$17.71M	USD	1 Quarter
Oil and natural gas	`OilAndGasRevenue`	$7.96M	USD	2 Qtrs
Oil and natural gas	`OilAndGasRevenue`	$1.61M	USD	1 Quarter
Oil and natural gas	`OilAndGasRevenue`	$3.62M	USD	1 Quarter
Oil and natural gas	`OilAndGasRevenue`	$2.97M	USD	2 Qtrs
Total revenues	`Revenues`	$1.16B	USD	2 Qtrs
Total revenues	`Revenues`	$2.11B	USD	2 Qtrs
Total revenues	`Revenues`	$600.56M	USD	1 Quarter
Total revenues	`Revenues`	$1.16B	USD	1 Quarter
Marketing	`RefiningAndMarketingCosts`	$2.04B	USD	2 Qtrs
Marketing	`RefiningAndMarketingCosts`	$568.61M	USD	1 Quarter
Marketing	`RefiningAndMarketingCosts`	$1.09B	USD	2 Qtrs
Marketing	`RefiningAndMarketingCosts`	$1.13B	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$29.19M	USD	2 Qtrs
Transportation	`ShippingHandlingAndTransportationCosts`	$14.64M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$14.53M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$28.08M	USD	2 Qtrs
Oil and natural gas	`OilAndGasProductionExpense`	$3.71M	USD	2 Qtrs
Oil and natural gas	`OilAndGasProductionExpense`	$4.32M	USD	2 Qtrs
Oil and natural gas	`OilAndGasProductionExpense`	$2.04M	USD	1 Quarter
Oil and natural gas	`OilAndGasProductionExpense`	$2.13M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.65M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.40M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.15M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.32M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$6.03M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$12.21M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$12.12M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationAndAmortization`	$6.11M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.09B	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$593.64M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.15B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$1.14B	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$6.08M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$11.84M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$14.49M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$6.92M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$95.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$45.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$173.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$87.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$4.00K	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.57M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.12M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.01M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.02M	USD	1 Quarter
Income tax (provision)	`IncomeTaxExpenseBenefit`	$2.68M	USD	1 Quarter
Income tax (provision)	`IncomeTaxExpenseBenefit`	$2.15M	USD	1 Quarter
Income tax (provision)	`IncomeTaxExpenseBenefit`	$4.57M	USD	2 Qtrs
Income tax (provision)	`IncomeTaxExpenseBenefit`	$5.24M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$4.34M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$7.44M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$3.98M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.34M	USD	2 Qtrs
Basic and diluted net earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$2.21	USD	2 Qtrs
Basic and diluted net earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.94	USD	1 Quarter
Basic and diluted net earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.03	USD	1 Quarter
Basic and diluted net earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.76	USD	2 Qtrs
DIVIDENDS PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.44	USD	2 Qtrs
DIVIDENDS PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.44	USD	2 Qtrs
DIVIDENDS PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
DIVIDENDS PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$4.34M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$7.44M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$3.98M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.34M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.12M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$12.21M	USD	2 Qtrs
Property sale (gains)	`GainLossOnDispositionOfAssets`	$55.00K	USD	2 Qtrs
Property sale (gains)	`GainLossOnDispositionOfAssets`	$514.00K	USD	2 Qtrs
Dry hole costs incurred	`ResultsOfOperationsDryHoleCosts`	$33.00K	USD	2 Qtrs
Dry hole costs incurred	`ResultsOfOperationsDryHoleCosts`	$957.00K	USD	2 Qtrs
Impairment of oil and gas properties	`ImpairmentOfOilAndGasProperties`	$623.00K	USD	2 Qtrs
Impairment of oil and gas properties	`ImpairmentOfOilAndGasProperties`	$405.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuedOperations`	$581.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitContinuingAndDiscontinuedOperations`	$-2.20M	USD	2 Qtrs
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$50.00K	USD	2 Qtrs
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-331.00K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.34M	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.26M	USD	2 Qtrs
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$8.60M	USD	2 Qtrs
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$3.60M	USD	2 Qtrs
Decrease (increase) in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-970.00K	USD	2 Qtrs
Decrease (increase) in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$837.00K	USD	2 Qtrs
Decrease (increase) in prepayments	`IncreaseDecreaseInPrepaidExpense`	$215.00K	USD	2 Qtrs
Decrease (increase) in prepayments	`IncreaseDecreaseInPrepaidExpense`	$4.54M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.01M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.18M	USD	2 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$5.26M	USD	2 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.04M	USD	2 Qtrs
Other changes, net	`OtherOperatingActivitiesCashFlowStatement`	$-347.00K	USD	2 Qtrs
Other changes, net	`OtherOperatingActivitiesCashFlowStatement`	$-301.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.60M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.03M	USD	2 Qtrs
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.83M	USD	2 Qtrs
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.09M	USD	2 Qtrs
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$445.00K	USD	2 Qtrs
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$60.00K	USD	2 Qtrs
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$55.00K	USD	2 Qtrs
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$519.00K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.37M	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-12.48M	USD	2 Qtrs
Dividend payments	`PaymentsOfDividends`	$1.86M	USD	2 Qtrs
Dividend payments	`PaymentsOfDividends`	$1.86M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.86M	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.86M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.73M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.80M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$80.18M	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`	$48.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$83.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$80.18M	USD	Point-in-time

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