10-Q Filing

ADAMS RESOURCES & ENERGY, INC. CIK: 2178 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000002178-17-000038`
Period End Date	20170331
Filing Date	20170509
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	ae-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 42 Cash Flow Statement 54

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$225.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.10M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$233.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.88M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $233 and $225, respectively	`AccountsReceivableNetCurrent`	$89.12M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $233 and $225, respectively	`AccountsReceivableNetCurrent`	$87.16M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$13.07M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$20.63M	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`	$112.00K	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractsAssetsCurrent`	$468.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.47M	USD	Point-in-time
Preferred stock - shares authorized (in shares)	`PreferredStockSharesAuthorized`	960,000.00	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.73M	USD	Point-in-time
Preferred stock - shares authorized (in shares)	`PreferredStockSharesAuthorized`	960,000.00	shares	Point-in-time
Prepayments	`PrepaidExpenseCurrent`	$1.35M	USD	Point-in-time
Preferred stock - shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock - shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepayments	`PrepaidExpenseCurrent`	$2.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$192.52M	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`	$213.11M	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`	$56.51M	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
Marketing	`MarketingPropertyAndEquipment`	$56.91M	USD	Point-in-time
Transportation	`TransportationPropertyAndEquipment`	$70.85M	USD	Point-in-time
Transportation	`TransportationPropertyAndEquipment`	$70.77M	USD	Point-in-time
Oil and gas (successful efforts method)	`OilAndGasPropertySuccessfulEffortMethodGross`	$64.06M	USD	Point-in-time
Oil and gas (successful efforts method)	`OilAndGasPropertySuccessfulEffortMethodGross`	$62.78M	USD	Point-in-time
Other	`PropertyPlantAndEquipmentOther`	$107.00K	USD	Point-in-time
Other	`PropertyPlantAndEquipmentOther`	$108.00K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$191.45M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$190.65M	USD	Point-in-time
Less - Accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$144.32M	USD	Point-in-time
Less - Accumulated depreciation, depletion and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$147.64M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$43.81M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$46.33M	USD	Point-in-time
Investments	`LongTermInvestments`	$2.50M	USD	Point-in-time
Investments	`LongTermInvestments`	$2.50M	USD	Point-in-time
Cash deposits and other	`CashDepositsAndOtherAssetsNoncurrent`	$5.53M	USD	Point-in-time
Cash deposits and other	`CashDepositsAndOtherAssetsNoncurrent`	$4.74M	USD	Point-in-time
Total assets	`Assets`	$246.87M	USD	Point-in-time
Total assets	`Assets`	$264.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$97.98M	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$53.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$56.00K	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractLiabilitiesCurrent`	$64.00K	USD	Point-in-time
Fair value contracts	`EnergyMarketingContractLiabilitiesCurrent`	-	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$6.06M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$7.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$105.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$86.07M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.09M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$2.33M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$7.16M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$7.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$114.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$95.56M	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`	$137.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$139.20M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$151.31M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$149.52M	USD	Point-in-time
Liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$264.16M	USD	Point-in-time
Liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$246.87M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Tax benefit from equity investment	`IncomeTaxReconciliationMinorityInterestIncomeExpense`	$67.00K	USD	1 Quarter
Tax benefit from equity investment	`IncomeTaxReconciliationMinorityInterestIncomeExpense`	-	USD	1 Quarter
Marketing	`RefiningAndMarketingRevenue`	$236.39M	USD	1 Quarter
Marketing	`RefiningAndMarketingRevenue`	$288.62M	USD	1 Quarter
Transportation	`LiquidChemicalTransportationRevenue`	$13.35M	USD	1 Quarter
Transportation	`LiquidChemicalTransportationRevenue`	$13.46M	USD	1 Quarter
Oil and natural gas operations	`OilAndGasRevenue`	$790.00K	USD	1 Quarter
Oil and natural gas operations	`OilAndGasRevenue`	$1.02M	USD	1 Quarter
Total revenues	`Revenues`	$250.53M	USD	1 Quarter
Total revenues	`Revenues`	$303.09M	USD	1 Quarter
Marketing	`RefiningAndMarketingCosts`	$229.06M	USD	1 Quarter
Marketing	`RefiningAndMarketingCosts`	$285.15M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$12.16M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$11.19M	USD	1 Quarter
Oil and natural gas operations	`OilAndGasProductionExpense`	$750.00K	USD	1 Quarter
Oil and natural gas operations	`OilAndGasProductionExpense`	$631.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.64M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$3.97M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.12M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$248.19M	USD	1 Quarter
Total cost and expenses	`CostsAndExpenses`	$304.67M	USD	1 Quarter
Operating (loss) earnings	`OperatingIncomeLoss`	$2.34M	USD	1 Quarter
Operating (loss) earnings	`OperatingIncomeLoss`	$-1.58M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$159.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$103.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Loss (earnings) before income taxes and equity investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.44M	USD	1 Quarter
Loss (earnings) before income taxes and equity investments	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.43M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-566.00K	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$888.00K	USD	1 Quarter
(Loss) earnings before equity investments	`IncomeLossFromContinuingOperationsBeforeEquityMethodInvestments`	$-860.00K	USD	1 Quarter
(Loss) earnings before equity investments	`IncomeLossFromContinuingOperationsBeforeEquityMethodInvestments`	$1.55M	USD	1 Quarter
(Loss) from equity investments, net of tax benefit of zero and $67, respectively	`IncomeLossFromEquityMethodInvestmentsNetOfTax`	-	USD	1 Quarter
(Loss) from equity investments, net of tax benefit of zero and $67, respectively	`IncomeLossFromEquityMethodInvestmentsNetOfTax`	$-124.00K	USD	1 Quarter
Net (loss) earnings	`NetIncomeLoss`	$1.43M	USD	1 Quarter
Net (loss) earnings	`NetIncomeLoss`	$-860.00K	USD	1 Quarter
Basic and diluted net (loss) earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.34	USD	1 Quarter
Basic and diluted net (loss) earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	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`	$0.22	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net (loss) earnings	`NetIncomeLoss`	$1.43M	USD	1 Quarter
Net (loss) earnings	`NetIncomeLoss`	$-860.00K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$3.97M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$5.12M	USD	1 Quarter
Property sales loss (gains)	`GainLossOnSaleOfOilAndGasProperty`	$120.00K	USD	1 Quarter
Property sales loss (gains)	`GainLossOnSaleOfOilAndGasProperty`	$-7.00K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$3.00K	USD	1 Quarter
Impairment of oil and natural gas properties	`ImpairmentOfOilAndGasProperties`	$29.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.35M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$60.00K	USD	1 Quarter
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$420.00K	USD	1 Quarter
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-158.00K	USD	1 Quarter
Equity investment losses	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Equity investment losses	`IncomeLossFromEquityMethodInvestments`	$-191.00K	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.22M	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.97M	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$5.71M	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$7.56M	USD	1 Quarter
Decrease (increase) in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$736.00K	USD	1 Quarter
Decrease (increase) in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.96M	USD	1 Quarter
Decrease in prepayments	`IncreaseDecreaseInPrepaidExpense`	$-338.00K	USD	1 Quarter
Decrease in prepayments	`IncreaseDecreaseInPrepaidExpense`	$-744.00K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.75M	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.61M	USD	1 Quarter
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.08M	USD	1 Quarter
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$393.00K	USD	1 Quarter
Other changes, net	`OtherOperatingActivitiesCashFlowStatement`	$78.00K	USD	1 Quarter
Other changes, net	`OtherOperatingActivitiesCashFlowStatement`	$47.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.15M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.36M	USD	1 Quarter
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.21M	USD	1 Quarter
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.01M	USD	1 Quarter
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$39.00K	USD	1 Quarter
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$920.00K	USD	1 Quarter
Investments	`PaymentsForProceedsFromInvestments`	$2.20M	USD	1 Quarter
Investments	`PaymentsForProceedsFromInvestments`	-	USD	1 Quarter
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$-476.00K	USD	1 Quarter
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$2.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-491.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.49M	USD	1 Quarter
Dividend payments	`PaymentsOfDividends`	$928.00K	USD	1 Quarter
Dividend payments	`PaymentsOfDividends`	$928.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-928.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-928.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.78M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.73M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$91.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$83.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$98.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$91.88M	USD	Point-in-time

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