10-Q Filing

METALICO INC CIK: 1048685 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-069696`
Period End Date	20110630
Filing Date	20110728
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	mea-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 71 Cash Flow Statement 62

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.12M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.05M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.67M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts 2011- $1,047 and 2010 - $1,027	`AccountsReceivableNetCurrent`	$75.94M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts 2011- $1,047 and 2010 - $1,027	`AccountsReceivableNetCurrent`	$55.11M	USD	Point-in-time
Inventories	`InventoryNet`	$73.45M	USD	Point-in-time
Inventories	`InventoryNet`	$76.31M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$4.63M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$6.28M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.39M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.41M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.56M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$143.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$168.55M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.56M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$81.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$70.22M	USD	Point-in-time
Goodwill	`Goodwill`	$73.01M	USD	Point-in-time
Goodwill	`Goodwill`	$69.61M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$41.59M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$38.87M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$6.11M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.95M	USD	Point-in-time
Total assets	`Assets`	$370.79M	USD	Point-in-time
Total assets	`Assets`	$328.51M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$7.05M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$7.59M	USD	Point-in-time
Current maturities of other long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.36M	USD	Point-in-time
Current maturities of other long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$4.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.39M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.80M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$4.56M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.93M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.19M	USD	Point-in-time
Senior unsecured convertible notes payable	`ConvertibleLongTermNotesPayable`	$79.94M	USD	Point-in-time
Senior unsecured convertible notes payable	`ConvertibleLongTermNotesPayable`	$79.97M	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$43.10M	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$34.77M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.73M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.57M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.56M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.99M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$137.63M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$127.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$161.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$181.82M	USD	Point-in-time
Commitments and Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001, authorized shares of 100,000,000; issued and outstanding shares of 47,412,307 and 46,559,878, respectively	`CommonStockValue`	$46.00K	USD	Point-in-time
Common stock, par value $0.001, authorized shares of 100,000,000; issued and outstanding shares of 47,412,307 and 46,559,878, respectively	`CommonStockValue`	$47.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$175.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$181.34M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.51M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$7.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-315.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-315.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$188.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$167.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$370.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$328.51M	USD	Point-in-time

Income Statement 71 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$178.49M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$360.46M	USD	2 Qtrs
Revenue	`SalesRevenueGoodsNet`	$144.57M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$278.65M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$128.13M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$238.02M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$310.14M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$156.50M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$14.97M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$13.64M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.46M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.97M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.64M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$167.09M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$258.30M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$332.07M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$137.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$20.35M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$6.75M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.39M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.87M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.35M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.29M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.41M	USD	1 Quarter
Accelerated amortization and other costs related to refinancing of senior debt	`AmortizationOfFinancingCosts`	$3.05M	USD	2 Qtrs
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-1.00K	USD	1 Quarter
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-38.00K	USD	2 Qtrs
Financial instruments fair value adjustments	`DerivativeGainLossOnDerivativeNet`	$564.00K	USD	2 Qtrs
Financial instruments fair value adjustments	`DerivativeGainLossOnDerivativeNet`	$2.06M	USD	1 Quarter
Financial instruments fair value adjustments	`DerivativeGainLossOnDerivativeNet`	$1.11M	USD	2 Qtrs
Financial instruments fair value adjustments	`DerivativeGainLossOnDerivativeNet`	$645.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-4.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$28.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-104.00K	USD	2 Qtrs
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-7.33M	USD	2 Qtrs
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-4.31M	USD	2 Qtrs
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-287.00K	USD	1 Quarter
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-1.75M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.46M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.02M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$9.65M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$24.07M	USD	2 Qtrs
Provision for federal and state income taxes	`IncomeTaxExpenseBenefit`	$8.67M	USD	2 Qtrs
Provision for federal and state income taxes	`IncomeTaxExpenseBenefit`	$3.00M	USD	1 Quarter
Provision for federal and state income taxes	`IncomeTaxExpenseBenefit`	$5.09M	USD	2 Qtrs
Provision for federal and state income taxes	`IncomeTaxExpenseBenefit`	$2.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.42M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.17	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.33	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.17	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.33	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.24M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.39M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.44M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.54M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.48M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.46M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.40M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.75M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.24M	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-221.00K	USD	2 Qtrs
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$158.00K	USD	2 Qtrs
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$32.00K	USD	2 Qtrs
Provision for loss on vendor advances	`ProvisionForOtherLosses`	$33.00K	USD	2 Qtrs
Financial instruments fair value adjustments	`DerivativeGainLossOnDerivativeNet`	$564.00K	USD	2 Qtrs
Financial instruments fair value adjustments	`DerivativeGainLossOnDerivativeNet`	$2.06M	USD	1 Quarter
Financial instruments fair value adjustments	`DerivativeGainLossOnDerivativeNet`	$1.11M	USD	2 Qtrs
Financial instruments fair value adjustments	`DerivativeGainLossOnDerivativeNet`	$645.00K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$341.00K	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$187.00K	USD	2 Qtrs
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-1.00K	USD	1 Quarter
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-38.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.45M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.30M	USD	2 Qtrs
Deferred financing costs expensed	`WriteOffOfDeferredDebtIssuanceCost`	$2.11M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$22.34M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$18.34M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.64M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.66M	USD	2 Qtrs
Income taxes receivable, net of acquisitions, prepaid expenses and other	`IncreaseDecreaseInOtherOperatingAssets`	$-3.22M	USD	2 Qtrs
Income taxes receivable, net of acquisitions, prepaid expenses and other	`IncreaseDecreaseInOtherOperatingAssets`	$-3.07M	USD	2 Qtrs
Accounts payable, accrued expenses, income taxes payable and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$4.16M	USD	2 Qtrs
Accounts payable, accrued expenses, income taxes payable and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$4.84M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.59M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.26M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$500.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$553.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.06M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.52M	USD	2 Qtrs
Cash paid for business acquisitions, less cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.84M	USD	2 Qtrs
Increase in other assets	`PaymentsToAcquireOtherProductiveAssets`	$11.00K	USD	2 Qtrs
Increase in other assets	`PaymentsToAcquireOtherProductiveAssets`	$92.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.44M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.03M	USD	2 Qtrs
Net borrowings under revolving lines-of-credit	`ProceedsFromLongTermLinesOfCredit`	$2.69M	USD	2 Qtrs
Net borrowings under revolving lines-of-credit	`ProceedsFromLongTermLinesOfCredit`	$3.85M	USD	2 Qtrs
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$5.12M	USD	2 Qtrs
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$8.74M	USD	2 Qtrs
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$2.89M	USD	2 Qtrs
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$1.92M	USD	2 Qtrs
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$196.00K	USD	2 Qtrs
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$1.27M	USD	2 Qtrs
Proceeds from issuance of common stock on exercised warrants and options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$322.00K	USD	2 Qtrs
Proceeds from issuance of common stock on exercised warrants and options	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$68.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.05M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.47M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$177.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.20M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.12M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.67M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time
Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$5.12M	USD	Point-in-time
Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$7.67M	USD	Point-in-time
Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time

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