10-Q Filing

NATURAL GAS SERVICES GROUP INC CIK: 1084991 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001084991-14-000020`
Period End Date	20140331
Filing Date	20140506
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ngs-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 42 Cash Flow Statement 58

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$443.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$436.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.61M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $443 and $436, respectively	`AccountsReceivableNetCurrent`	$6.75M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $443 and $436, respectively	`AccountsReceivableNetCurrent`	$6.61M	USD	Point-in-time
Accumulated depreciation, rental equipment	`AccumulatedDepreciationRentalEquipment`	$86.53M	USD	Point-in-time
Accumulated depreciation, rental equipment	`AccumulatedDepreciationRentalEquipment`	$91.14M	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.02M	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.69M	USD	Point-in-time
Inventory, net	`InventoryNet`	$25.76M	USD	Point-in-time
Inventory, net	`InventoryNet`	$26.83M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$2.28M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$517.00K	USD	Point-in-time
Accumulated amortization, intangibles	`IntangibleAssetsAccumulatedAmortization`	$2.22M	USD	Point-in-time
Accumulated amortization, intangibles	`IntangibleAssetsAccumulatedAmortization`	$2.19M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$525.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$339.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$54.02M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$60.65M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Rental equipment, net of accumulated depreciation of $91,144 and $86,533, respectively	`RentalEquipmentNet`	$185.09M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Rental equipment, net of accumulated depreciation of $91,144 and $86,533, respectively	`RentalEquipmentNet`	$176.42M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $10,015 and $9,692 respectively	`PropertyPlantAndEquipmentOtherNet`	$7.18M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $10,015 and $9,692 respectively	`PropertyPlantAndEquipmentOtherNet`	$7.43M	USD	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
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Intangibles, net of accumulated amortization of $2,222 and $2,191, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.00M	USD	Point-in-time
Intangibles, net of accumulated amortization of $2,222 and $2,191, respectively	`IntangibleAssetsNetExcludingGoodwill`	$2.03M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.37M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$35.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$29.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.37M	shares	Point-in-time
Total assets	`Assets`	$258.37M	USD	Point-in-time
Total assets	`Assets`	$256.59M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.40M	shares	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$577.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$497.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.98M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$6.63M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$6.49M	USD	Point-in-time
Current income tax liability	`AccruedIncomeTaxesCurrent`	$18.00K	USD	Point-in-time
Current income tax liability	`AccruedIncomeTaxesCurrent`	$350.00K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$131.00K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$873.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.19M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$51.46M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$51.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$197.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$188.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$63.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$61.95M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`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; 12,397 and 12,366 shares issued and outstanding, respectively	`CommonStockValue`	$124.00K	USD	Point-in-time
Common stock, 30,000 shares authorized, par value $0.01; 12,397 and 12,366 shares issued and outstanding, respectively	`CommonStockValue`	$123.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$92.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$91.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$101.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$104.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$196.42M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$192.74M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$258.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$256.59M	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`	$3.34M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$16.01M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$18.79M	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$195.00K	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$141.00K	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$22.32M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$23.98M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$4.88M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$2.23M	USD	1 Quarter
Cost of rentals, exclusive of depreciation stated separately below	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$6.81M	USD	1 Quarter
Cost of rentals, exclusive of depreciation stated separately below	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$7.96M	USD	1 Quarter
Cost of service and maintenance, exclusive of depreciation and amortization stated separately below	`OtherCostOfServices`	$68.00K	USD	1 Quarter
Cost of service and maintenance, exclusive of depreciation and amortization stated separately below	`OtherCostOfServices`	$84.00K	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$2.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.04M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$17.85M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$17.96M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.36M	USD	1 Quarter
Interest expense	`InterestExpense`	$30.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$5.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$335.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$305.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.37M	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`	$1.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.86M	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`	$0.23	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.37M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.28M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.69M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.38M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.04M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.45M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$40.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$133.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$749.00K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$1.00K	USD	1 Quarter
Gain on extinguishment of liability	`GainLossOnSettlementOfDeferredRevenueLiability`	-	USD	1 Quarter
Gain on extinguishment of liability	`GainLossOnSettlementOfDeferredRevenueLiability`	$223.00K	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-1.26M	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-143.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.07M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.74M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-348.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.58M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-781.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.93M	USD	1 Quarter
Current income tax liability	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-516.00K	USD	1 Quarter
Current income tax liability	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-289.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-742.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-561.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentAssets`	$6.00K	USD	1 Quarter
Tax benefit from equity compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Tax benefit from equity compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$43.00K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$10.94M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$9.62M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.71M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.44M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-13.44M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-7.71M	USD	1 Quarter
Proceeds from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	$-57.00K	USD	1 Quarter
Proceeds from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	$-9.00K	USD	1 Quarter
Repayments of line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayments of line of credit	`RepaymentsOfLinesOfCredit`	$80.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$34.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$30.00K	USD	1 Quarter
Tax benefit from equity compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$43.00K	USD	1 Quarter
Tax benefit from equity compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-27.00K	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-12.00K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.84M	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`	$24.44M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$28.09M	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`	$20.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$24.44M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$28.09M	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`	$20.61M	USD	Point-in-time
Interest paid	`InterestPaid`	$2.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$31.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$516.00K	USD	1 Quarter

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