10-Q Filing

NATURAL GAS SERVICES GROUP INC CIK: 1084991 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001084991-12-000018`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	ngs-20120510.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 42 Cash Flow Statement 54

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful Accounts Receivable, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$247.00K	USD	Point-in-time
Allowance for Doubtful Accounts Receivable, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$171.00K	USD	Point-in-time
Inventory Valuation Reserves	`InventoryValuationReserves`	$250.00K	USD	Point-in-time
Inventory Valuation Reserves	`InventoryValuationReserves`	$833.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.39M	USD	Point-in-time
Accumulated Depreciation Rental Equipment	`AccumulatedDepreciationRentalEquipment`	$53.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.14M	USD	Point-in-time
Accumulated Depreciation Rental Equipment	`AccumulatedDepreciationRentalEquipment`	$44.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.44M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $362 and $296 as of March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$5.68M	USD	Point-in-time
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.27M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $362 and $296 as of March 31, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$3.10M	USD	Point-in-time
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.90M	USD	Point-in-time
Inventory, net of allowance for obsolescence of $603 and $486 as of March 31, 2011 and December 31, 2011, respectively	`InventoryNet`	$26.96M	USD	Point-in-time
Goodwill, Accumulated Amortization	`GoodwillAccumulatedAmortization`	$325.00K	USD	Point-in-time
Inventory, net of allowance for obsolescence of $603 and $486 as of March 31, 2011 and December 31, 2011, respectively	`InventoryNet`	$26.59M	USD	Point-in-time
Goodwill, Accumulated Amortization	`GoodwillAccumulatedAmortization`	$325.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$109.00K	USD	Point-in-time
Intangible Assets, Accumulated Amortization	`IntangibleAssetsAccumulatedAmortization`	$1.76M	USD	Point-in-time
Intangible Assets, Accumulated Amortization	`IntangibleAssetsAccumulatedAmortization`	$1.89M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$109.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$360.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$534.00K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$59.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$49.50M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Rental equipment, net of accumulated depreciation of $59,761 and $56,623 as of March 31, 2012 and December 31, 2011, respectively	`RentalEquipmentNet`	$140.60M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Rental equipment, net of accumulated depreciation of $59,761 and $56,623 as of March 31, 2012 and December 31, 2011, respectively	`RentalEquipmentNet`	$142.47M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $8,124 and $7,786 as of March 31, 2012 and December 31, 2011, respectively	`PropertyPlantAndEquipmentOtherNet`	$7.84M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $8,124 and $7,786 as of March 31, 2012 and December 31, 2011, respectively	`PropertyPlantAndEquipmentOtherNet`	$7.74M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill, net of accumulated amortization of $325, both periods	`Goodwill`	$10.04M	USD	Point-in-time
Goodwill, net of accumulated amortization of $325, both periods	`Goodwill`	$10.04M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Intangibles, net of accumulated amortization of $1,967and $1,936 as of March 31, 2012 and December 31, 2011, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.28M	USD	Point-in-time
Intangibles, net of accumulated amortization of $1,967and $1,936 as of March 31, 2012 and December 31, 2011, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.25M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	12.18M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	12.15M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$28.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$28.00K	USD	Point-in-time
Total assets	`Assets`	$220.43M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	12.18M	shares	Point-in-time
Total assets	`Assets`	$212.16M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	12.15M	shares	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.73M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.42M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.64M	USD	Point-in-time
Current income tax liability	`AccruedIncomeTaxesCurrent`	$75.00K	USD	Point-in-time
Current income tax liability	`AccruedIncomeTaxesCurrent`	$75.00K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$4.86M	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$8.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.31M	USD	Point-in-time
Line of Credit, noncurrent portion	`LongTermLineOfCredit`	$1.02M	USD	Point-in-time
Line of Credit, noncurrent portion	`LongTermLineOfCredit`	$1.02M	USD	Point-in-time
Deferred income tax payable	`DeferredTaxLiabilitiesNoncurrent`	$36.77M	USD	Point-in-time
Deferred income tax payable	`DeferredTaxLiabilitiesNoncurrent`	$38.92M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$524.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$517.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$55.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.62M	USD	Point-in-time
Preferred stock, 5,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, 5,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, 30,000 shares authorized, par value $0.01; 12,207and 12,179 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$122.00K	USD	Point-in-time
Common stock, 30,000 shares authorized, par value $0.01; 12,207and 12,179 shares issued and outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$122.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$87.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$87.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$77.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$74.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$161.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$165.37M	USD	Point-in-time
Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$212.16M	USD	Point-in-time
Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$220.43M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$3.88M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$12.43M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$13.74M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$10.88M	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$296.00K	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$206.00K	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$15.05M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$26.38M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$2.55M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$9.55M	USD	1 Quarter
Cost of rentals, exclusive of depreciation stated separately below	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$5.51M	USD	1 Quarter
Cost of rentals, exclusive of depreciation stated separately below	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$4.36M	USD	1 Quarter
Cost of service and maintenance, exclusive of depreciation stated separately below	`OtherCostOfServices`	$93.00K	USD	1 Quarter
Cost of service and maintenance, exclusive of depreciation stated separately below	`OtherCostOfServices`	$137.00K	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.39M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.29M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$11.72M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$20.75M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.62M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$39.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$708.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$699.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$36.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.66M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.03M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.51M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.17M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.18M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.29M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.29M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.50M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.15M	USD	1 Quarter
Stock options and restricted stock expense	`ShareBasedCompensation`	$183.00K	USD	1 Quarter
Stock options and restricted stock expense	`ShareBasedCompensation`	$323.00K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$675.00K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Trade accounts receivables, net	`IncreaseDecreaseInAccountsReceivable`	$1.92M	USD	1 Quarter
Trade accounts receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-2.58M	USD	1 Quarter
Inventory, net	`IncreaseDecreaseInInventories`	$-1.66M	USD	1 Quarter
Inventory, net	`IncreaseDecreaseInInventories`	$-379.00K	USD	1 Quarter
Prepaid income taxes and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.30M	USD	1 Quarter
Prepaid income taxes and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$174.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$306.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.33M	USD	1 Quarter
Current income tax liability	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Current income tax liability	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$29.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$3.63M	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$825.00K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$14.84M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$9.00M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.79M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.13M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$952.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.79M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-9.18M	USD	1 Quarter
Proceeds from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	$-6.00K	USD	1 Quarter
Proceeds from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$198.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$198.00K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-6.00K	USD	1 Quarter
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.05M	USD	1 Quarter
NET CHANGE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$19.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$19.14M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.44M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$19.16M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$19.14M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.44M	USD	Point-in-time
Interest paid	`InterestPaid`	$10.00K	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Transfer of rental equipment to inventory	`TransferOfRentalEquipmentToInventory`	-	USD	1 Quarter
Transfer of rental equipment to inventory	`TransferOfRentalEquipmentToInventory`	$4.01M	USD	1 Quarter

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