10-Q Filing

NATURAL GAS SERVICES GROUP INC CIK: 1084991 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001084991-13-000016`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ngs-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 42 Cash Flow Statement 52

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$392.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$437.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.09M	USD	Point-in-time
Allowance for inventory obsolescence	`InventoryValuationReserves`	$211.00K	USD	Point-in-time
Allowance for inventory obsolescence	`InventoryValuationReserves`	$258.00K	USD	Point-in-time
Allowance for inventory obsolescence	`InventoryValuationReserves`	$211.00K	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $392 and $437, respectively	`AccountsReceivableNetCurrent`	$5.43M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $392 and $437, respectively	`AccountsReceivableNetCurrent`	$6.69M	USD	Point-in-time
Accumulated depreciation, rental equipment	`AccumulatedDepreciationRentalEquipment`	$70.27M	USD	Point-in-time
Inventory, net of allowance for obsolescence of $258 and $211, respectively	`InventoryNet`	$24.77M	USD	Point-in-time
Inventory, net of allowance for obsolescence of $258 and $211, respectively	`InventoryNet`	$26.51M	USD	Point-in-time
Accumulated depreciation, rental equipment	`AccumulatedDepreciationRentalEquipment`	$74.08M	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.44M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$275.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.83M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$402.00K	USD	Point-in-time
Accumulated amortization, intangibles	`IntangibleAssetsAccumulatedAmortization`	$2.06M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$475.00K	USD	Point-in-time
Accumulated amortization, intangibles	`IntangibleAssetsAccumulatedAmortization`	$2.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$61.88M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Rental equipment, net of accumulated depreciation of $74,079 and $70,266, respectively	`RentalEquipmentNet`	$151.01M	USD	Point-in-time
Rental equipment, net of accumulated depreciation of $74,079 and $70,266, respectively	`RentalEquipmentNet`	$154.76M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $8,830 and $8,441 respectively	`PropertyPlantAndEquipmentOtherNet`	$7.47M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $8,830 and $8,441 respectively	`PropertyPlantAndEquipmentOtherNet`	$7.24M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$10.04M	USD	Point-in-time
Goodwill	`Goodwill`	$10.04M	USD	Point-in-time
Intangibles, net of accumulated amortization of $2,097 and $2,060, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.16M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Intangibles, net of accumulated amortization of $2,097 and $2,060, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.12M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$29.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$29.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Total assets	`Assets`	$232.75M	USD	Point-in-time
Total assets	`Assets`	$236.07M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.31M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.54M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$5.82M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.77M	USD	Point-in-time
Current income tax liability	`AccruedIncomeTaxesCurrent`	$522.00K	USD	Point-in-time
Current income tax liability	`AccruedIncomeTaxesCurrent`	$6.00K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$2.03M	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$1.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.79M	USD	Point-in-time
Line of credit, non-current portion	`LongTermLineOfCredit`	$897.00K	USD	Point-in-time
Line of credit, non-current portion	`LongTermLineOfCredit`	$897.00K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$46.19M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$43.74M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$502.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$222.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$56.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$56.93M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	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; 12,306 and 12,241 shares issued and outstanding, respectively	`CommonStockValue`	$122.00K	USD	Point-in-time
Common stock, 30,000 shares authorized, par value $0.01; 12,306 and 12,241 shares issued and outstanding, respectively	`CommonStockValue`	$123.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$88.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$88.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$90.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$86.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$175.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$179.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$232.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$236.07M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$7.83M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$12.43M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$16.01M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$13.74M	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$141.00K	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$206.00K	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$23.98M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$26.38M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$9.55M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$4.88M	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`	$6.81M	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`	$68.00K	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.81M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.24M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$17.85M	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`	$6.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$30.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$39.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$335.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$305.00K	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`	$6.44M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.45M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.17M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.28M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.38M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.26M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.24M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.45M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.15M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$323.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$133.00K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$1.00K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on extinguishment of liability	`GainLossOnSettlementOfDeferredRevenueLiability`	$223.00K	USD	1 Quarter
Gain on extinguishment of liability	`GainLossOnSettlementOfDeferredRevenueLiability`	-	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.58M	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-1.26M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-379.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.74M	USD	1 Quarter
Prepaid income taxes and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-348.00K	USD	1 Quarter
Prepaid income taxes and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$174.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.93M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.33M	USD	1 Quarter
Current income tax liability	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-516.00K	USD	1 Quarter
Current income tax liability	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$3.63M	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-561.00K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$10.94M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$14.84M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.79M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.71M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.79M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-7.71M	USD	1 Quarter
Proceeds from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	$-6.00K	USD	1 Quarter
Proceeds from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	$-57.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$30.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-27.00K	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-6.00K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.05M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.19M	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.44M	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`	$31.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$28.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$29.44M	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`	$31.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$28.09M	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	$31.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$516.00K	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.