10-Q Filing

NATURAL GAS SERVICES GROUP INC CIK: 1084991 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001084991-16-000060`
Period End Date	20160331
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ngs-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 42 Cash Flow Statement 64

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$711.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$833.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.18M	USD	Point-in-time
Accumulated depreciation, rental equipment	`AccumulatedDepreciationRentalEquipment`	$111.29M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $711 and $833, respectively	`AccountsReceivableNetCurrent`	$10.85M	USD	Point-in-time
Accumulated depreciation, rental equipment	`AccumulatedDepreciationRentalEquipment`	$116.36M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $711 and $833, respectively	`AccountsReceivableNetCurrent`	$9.11M	USD	Point-in-time
Inventory, net	`InventoryNet`	$25.09M	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.97M	USD	Point-in-time
Inventory, net	`InventoryNet`	$27.72M	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.82M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$81.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$396.00K	USD	Point-in-time
Accumulated amortization, intangibles	`IntangibleAssetsAccumulatedAmortization`	$1.41M	USD	Point-in-time
Accumulated amortization, intangibles	`IntangibleAssetsAccumulatedAmortization`	$1.38M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$297.00K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$762.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$79.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$73.20M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Rental equipment, net of accumulated depreciation of $116,359 and $111,293, respectively	`RentalEquipmentNet`	$188.55M	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 $116,359 and $111,293, respectively	`RentalEquipmentNet`	$191.93M	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
Property and equipment, net of accumulated depreciation of $10,972 and $10,825 respectively	`PropertyPlantAndEquipmentOtherNet`	$8.53M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $10,972 and $10,825 respectively	`PropertyPlantAndEquipmentOtherNet`	$8.22M	USD	Point-in-time
Goodwill	`Goodwill`	$10.04M	USD	Point-in-time
Goodwill	`Goodwill`	$10.04M	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
Intangibles, net of accumulated amortization of $1,413 and $1,382, respectively	`IntangibleAssetsNetExcludingGoodwill`	$1.78M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Intangibles, net of accumulated amortization of $1,413 and $1,382, respectively	`IntangibleAssetsNetExcludingGoodwill`	$1.75M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$124.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.71M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.60M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$73.00K	USD	Point-in-time
Total assets	`Assets`	$285.55M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.60M	shares	Point-in-time
Total assets	`Assets`	$288.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.71M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$605.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.76M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.07M	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$271.00K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$185.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.57M	USD	Point-in-time
Line of credit, non-current portion	`LongTermLineOfCredit`	$417.00K	USD	Point-in-time
Line of credit, non-current portion	`LongTermLineOfCredit`	$417.00K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$56.46M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$56.59M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$177.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$129.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$61.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$61.57M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`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; 12,708 and 12,603 shares issued and outstanding, respectively	`CommonStockValue`	$127.00K	USD	Point-in-time
Common stock, 30,000 shares authorized, par value $0.01; 12,708 and 12,603 shares issued and outstanding, respectively	`CommonStockValue`	$126.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$98.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$98.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$125.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$128.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$223.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$226.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$288.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$285.55M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$16.41M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$20.60M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$4.91M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$3.91M	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$258.00K	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$226.00K	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$21.58M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$24.74M	USD	1 Quarter
Cost of rentals, exclusive of depreciation stated separately below	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$7.73M	USD	1 Quarter
Cost of rentals, exclusive of depreciation stated separately below	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$5.69M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$3.93M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$2.81M	USD	1 Quarter
Cost of service and maintenance	`OtherCostOfServices`	$111.00K	USD	1 Quarter
Cost of service and maintenance	`OtherCostOfServices`	$38.00K	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$2.59M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$2.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.79M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$17.81M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$18.95M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.77M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$42.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$19.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$17.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$39.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.83M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.78M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.54M	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.65M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.71M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.84M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.79M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$591.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$135.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$648.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$794.00K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$29.00K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$160.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$25.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$44.00K	USD	1 Quarter
Gain on company owned life insurance	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	-	USD	1 Quarter
Gain on company owned life insurance	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	$3.00K	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$1.77M	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-619.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-5.15M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-2.79M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.49M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-165.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$68.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.23M	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-86.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-728.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentAssets`	$-51.00K	USD	1 Quarter
Tax benefit from equity compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$15.00K	USD	1 Quarter
Tax benefit from equity compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$11.28M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$10.03M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.71M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.94M	USD	1 Quarter
Purchase of company owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$48.00K	USD	1 Quarter
Purchase of company owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	-	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$25.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$44.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-8.67M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.97M	USD	1 Quarter
Payments from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	$-7.00K	USD	1 Quarter
Payments from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	$-3.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$492.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$352.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$909.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$660.00K	USD	1 Quarter
Tax benefit from equity compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Tax benefit from equity compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$15.00K	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-545.00K	USD	1 Quarter
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-175.00K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.44M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.52M	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$35.53M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$43.05M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.62M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$6.18M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$35.53M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$43.05M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.62M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$6.18M	USD	Point-in-time
Interest paid	`InterestPaid`	$3.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$2.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$1.55M	USD	1 Quarter
Transfer of rental equipment components to inventory	`TransferOfRentalEquipmentToInventory`	$164.00K	USD	1 Quarter
Transfer of rental equipment components to inventory	`TransferOfRentalEquipmentToInventory`	-	USD	1 Quarter

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