10-Q Filing

ADAMS RESOURCES & ENERGY, INC. CIK: 2178 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000002178-18-000022`
Period End Date	20180331
Filing Date	20180509
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ae-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 40 Cash Flow Statement 52 Stockholders Equity 12

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.39M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$303.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$303.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$111.54M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $303 and $303, respectively	`AccountsReceivableNetCurrent`	$121.35M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $303 and $303, respectively	`AccountsReceivableNetCurrent`	$117.15M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$19.27M	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$12.19M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$312.00K	USD	Point-in-time
Preferred stock - par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$166.00K	USD	Point-in-time
Preferred stock - par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$437.00K	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`	$1.32M	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 and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.26M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$245.69M	USD	Point-in-time
Common stock - par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Total current assets	`AssetsCurrent`	$249.82M	USD	Point-in-time
Common stock - par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$29.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.74M	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
Investments in unconsolidated affiliates	`LongTermInvestments`	$425.00K	USD	Point-in-time
Investments in unconsolidated affiliates	`LongTermInvestments`	$425.00K	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
Cash deposits and other assets	`CashDepositsAndOtherAssetsNoncurrent`	$7.23M	USD	Point-in-time
Cash deposits and other assets	`CashDepositsAndOtherAssetsNoncurrent`	$6.52M	USD	Point-in-time
Total assets	`Assets`	$284.51M	USD	Point-in-time
Total assets	`Assets`	$282.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$124.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$126.04M	USD	Point-in-time
Accounts payable related party	`AccountsPayableRelatedPartiesCurrent`	$5.00K	USD	Point-in-time
Accounts payable related party	`AccountsPayableRelatedPartiesCurrent`	$5.00K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$145.00K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$289.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$341.00K	USD	Point-in-time
Current portion of capital lease obligations	`CapitalLeaseObligationsCurrent`	$338.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.25M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$131.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$129.60M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.33M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.27M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$1.26M	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$1.35M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$2.65M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$3.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$135.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$137.18M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`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 - $0.10 par value, 7,500,000 shares authorized, 4,217,596 shares outstanding	`CommonStockValue`	$422.00K	USD	Point-in-time
Common stock - $0.10 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`	$135.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$135.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$149.52M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$147.12M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$151.31M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$147.33M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$282.70M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$284.51M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Marketing	`RefiningAndMarketingRevenue`	$288.62M	USD	1 Quarter
Marketing	`RefiningAndMarketingRevenue`	$373.64M	USD	1 Quarter
Transportation	`LiquidChemicalTransportationRevenue`	$13.46M	USD	1 Quarter
Transportation	`LiquidChemicalTransportationRevenue`	$13.62M	USD	1 Quarter
Oil and natural gas	`OilAndGasRevenue`	$1.02M	USD	1 Quarter
Oil and natural gas	`OilAndGasRevenue`	-	USD	1 Quarter
Total revenues	`Revenues`	$387.26M	USD	1 Quarter
Total revenues	`Revenues`	$303.09M	USD	1 Quarter
Marketing	`RefiningAndMarketingCosts`	$369.18M	USD	1 Quarter
Marketing	`RefiningAndMarketingCosts`	$285.15M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$12.16M	USD	1 Quarter
Transportation	`ShippingHandlingAndTransportationCosts`	$12.30M	USD	1 Quarter
Oil and natural gas	`OilAndGasProductionExpense`	-	USD	1 Quarter
Oil and natural gas	`OilAndGasProductionExpense`	$750.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.64M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.41M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$3.97M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$304.67M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$386.18M	USD	1 Quarter
Operating earnings (losses)	`OperatingIncomeLoss`	$1.08M	USD	1 Quarter
Operating earnings (losses)	`OperatingIncomeLoss`	$-1.58M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$159.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$387.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$158.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$368.00K	USD	1 Quarter
(Losses) earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.43M	USD	1 Quarter
(Losses) earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.45M	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$-566.00K	USD	1 Quarter
Income tax benefit (provision)	`IncomeTaxExpenseBenefit`	$307.00K	USD	1 Quarter
Net (losses) earnings	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Net (losses) earnings	`NetIncomeLoss`	$-860.00K	USD	1 Quarter
Basic and diluted net (losses) earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	1 Quarter
Basic and diluted net (losses) earnings per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.22M	shares	1 Quarter
Weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.22M	shares	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 52 line items

Line Item	Tag	Value	Unit	Period
Net (losses) earnings	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Net (losses) earnings	`NetIncomeLoss`	$-860.00K	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$2.41M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$3.97M	USD	1 Quarter
Gains (losses) on sales of property	`GainLossOnSaleOfOilAndGasProperty`	$26.00K	USD	1 Quarter
Gains (losses) on sales of property	`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`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-709.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$60.00K	USD	1 Quarter
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$2.00K	USD	1 Quarter
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$420.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.97M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.08M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.56M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-880.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$736.00K	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-153.00K	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-744.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.38M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.75M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$851.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.08M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$78.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$86.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.29M	USD	1 Quarter
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.01M	USD	1 Quarter
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$866.00K	USD	1 Quarter
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$132.00K	USD	1 Quarter
Proceeds from property sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$39.00K	USD	1 Quarter
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$-476.00K	USD	1 Quarter
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$-603.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-131.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-491.00K	USD	1 Quarter
Principal repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$83.00K	USD	1 Quarter
Principal repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$928.00K	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$928.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.01M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-928.00K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.14M	USD	1 Quarter
Increase 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`	$98.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$109.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$111.54M	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`	$98.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$109.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$111.54M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$149.52M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$147.12M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$151.31M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$147.33M	USD	Point-in-time
Net (losses) earnings	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Net (losses) earnings	`NetIncomeLoss`	$-860.00K	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$928.00K	USD	1 Quarter
Dividends paid on common stock	`DividendsCommonStockCash`	$928.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$149.52M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$147.12M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$151.31M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$147.33M	USD	Point-in-time

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