10-Q Filing

ADAMS RESOURCES & ENERGY, INC. CIK: 2178 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000002178-19-000020`
Period End Date	20190331
Filing Date	20190508
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ae-20190331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 30 Cash Flow Statement 60 Stockholders Equity 17

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.07M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$153.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.89M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$121.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $121 and $153, respectively	`AccountsReceivableNetCurrent`	$88.09M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $121 and $153, respectively	`AccountsReceivableNetCurrent`	$85.20M	USD	Point-in-time
Accounts receivable related party	`AccountsReceivableRelatedPartiesCurrent`	$425.00K	USD	Point-in-time
Accounts receivable related party	`AccountsReceivableRelatedPartiesCurrent`	-	USD	Point-in-time
Preferred stock - par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$22.78M	USD	Point-in-time
Preferred stock - par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Inventory	`EnergyRelatedInventory`	$29.24M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$162.00K	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
Derivative assets	`DerivativeAssetsCurrent`	$274.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.98M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.40M	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
Common stock - par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.61M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.56M	USD	Point-in-time
Common stock - par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.09M	USD	Point-in-time
Common stock - shares authorized (in shares)	`CommonStockSharesAuthorized`	7.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$229.59M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.92M	USD	Point-in-time
Common stock - shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.22M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.62M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$11.40M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$10.68M	USD	Point-in-time
Cash deposits and other assets	`CashDepositsAndOtherAssetsNoncurrent`	$4.66M	USD	Point-in-time
Cash deposits and other assets	`CashDepositsAndOtherAssetsNoncurrent`	$2.95M	USD	Point-in-time
Total assets	`Assets`	$314.63M	USD	Point-in-time
Total assets	`Assets`	$278.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$133.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$116.07M	USD	Point-in-time
Accounts payable related party	`AccountsPayableRelatedPartiesCurrent`	$29.00K	USD	Point-in-time
Accounts payable related party	`AccountsPayableRelatedPartiesCurrent`	$6.00K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$270.00K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$139.00K	USD	Point-in-time
Less: Current portion of lease obligation	`FinanceLeaseLiabilityCurrent`	$1.00M	USD	Point-in-time
Less: Current portion of lease obligation	`FinanceLeaseLiabilityCurrent`	$883.00K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.16M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.58M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$123.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$145.34M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.54M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$1.52M	USD	Point-in-time
Total long-term lease obligation	`FinanceLeaseLiabilityNoncurrent`	$3.21M	USD	Point-in-time
Total long-term lease obligation	`FinanceLeaseLiabilityNoncurrent`	$3.43M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$8.52M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$4.27M	USD	Point-in-time
Deferred taxes and other liabilities	`DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent`	$5.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$163.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$132.27M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`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, 4,217,971 and 4,217,596 shares outstanding, respectively	`CommonStockValue`	$422.00K	USD	Point-in-time
Common stock - $0.10 par value, 7,500,000 shares authorized, 4,217,971 and 4,217,596 shares outstanding, respectively	`CommonStockValue`	$422.00K	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapital`	$11.95M	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapital`	$12.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$134.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$138.21M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$150.70M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$147.12M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$146.60M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$147.33M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$314.63M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$278.87M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$445.17M	USD	1 Quarter
Total revenues	`Revenues`	$387.26M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.41M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$439.92M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$386.18M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$5.25M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$1.08M	USD	1 Quarter
Gain on dissolution of investment	`DeconsolidationGainOrLossAmount`	-	USD	1 Quarter
Gain on dissolution of investment	`DeconsolidationGainOrLossAmount`	$498.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$387.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$656.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$65.00K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$1.09M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$368.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.45M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.34M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.43M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$307.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.91M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Basic net earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$1.16	USD	1 Quarter
Basic net earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Diluted net earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted net earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$1.16	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 60 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$4.91M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.41M	USD	1 Quarter
Gains on sales of property	`GainLossOnSaleOfOilAndGasProperty`	$26.00K	USD	1 Quarter
Gains on sales of property	`GainLossOnSaleOfOilAndGasProperty`	$178.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-32.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$123.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$834.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-709.00K	USD	1 Quarter
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-19.00K	USD	1 Quarter
Net change in fair value contracts	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$2.00K	USD	1 Quarter
Gain on dissolution of investment in AREC	`DeconsolidationGainOrLossAmount`	-	USD	1 Quarter
Gain on dissolution of investment in AREC	`DeconsolidationGainOrLossAmount`	$498.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.87M	USD	1 Quarter
Accounts receivable/payable, affiliates	`IncreaseDecreaseDueFromAffiliates`	$23.00K	USD	1 Quarter
Accounts receivable/payable, affiliates	`IncreaseDecreaseDueFromAffiliates`	-	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.46M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.08M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-426.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-880.00K	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-153.00K	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$52.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.38M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.91M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.43M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$851.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$878.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$86.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.29M	USD	1 Quarter
Property and equipment additions	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.35M	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`	$543.00K	USD	1 Quarter
Proceeds from dissolution of AREC	`ProceedsFromDivestitureOfBusinesses`	$923.00K	USD	1 Quarter
Proceeds from dissolution of AREC	`ProceedsFromDivestitureOfBusinesses`	-	USD	1 Quarter
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$-842.00K	USD	1 Quarter
Insurance and state collateral (deposits) refunds	`IncreaseDecreaseInDepositOtherAssets`	$-603.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.04M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-131.00K	USD	1 Quarter
Principal repayments of finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$83.00K	USD	1 Quarter
Principal repayments of finance lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$218.00K	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`	$-1.15M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.01M	USD	1 Quarter
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.14M	USD	1 Quarter
Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$13.83M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$109.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$111.54M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.89M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$109.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$111.54M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
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
Awards under LTIP (in dollars per share)	`IncentiveDistributionDistributionPerUnit`	$0.22	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$150.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$147.12M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$146.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$147.33M	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$4.91M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.14M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$123.00K	USD	1 Quarter
Common stock, $0.22/share	`DividendsCommonStockCash`	$928.00K	USD	1 Quarter
Common stock, $0.22/share	`DividendsCommonStockCash`	$928.00K	USD	1 Quarter
Awards under LTIP, $0.22/share	`IncentiveDistributionDistributionPerYear`	$2.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$150.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$147.12M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$146.60M	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.