10-Q Filing

NATURAL GAS SERVICES GROUP INC CIK: 1084991 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001084991-18-000035`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ngs-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 42 Cash Flow Statement 60

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.37M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$569.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.21M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$495.00K	USD	Point-in-time
Allowance for inventory obsolescence	`InventoryValuationReserves`	$21.00K	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $495 and $569, respectively	`AccountsReceivableNetCurrent`	$8.53M	USD	Point-in-time
Allowance for inventory obsolescence	`InventoryValuationReserves`	$15.00K	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $495 and $569, respectively	`AccountsReceivableNetCurrent`	$7.72M	USD	Point-in-time
Inventory	`InventoryNet`	$26.22M	USD	Point-in-time
Inventory	`InventoryNet`	$25.75M	USD	Point-in-time
Accumulated depreciation, rental equipment	`AccumulatedDepreciationRentalEquipment`	$150.86M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$3.44M	USD	Point-in-time
Accumulated depreciation, rental equipment	`AccumulatedDepreciationRentalEquipment`	$145.85M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$3.44M	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.53M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$329.00K	USD	Point-in-time
Accumulated depreciation, property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.27M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$817.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$102.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$108.23M	USD	Point-in-time
Accumulated amortization, intangibles	`IntangibleAssetsAccumulatedAmortization`	$1.63M	USD	Point-in-time
Accumulated amortization, intangibles	`IntangibleAssetsAccumulatedAmortization`	$1.66M	USD	Point-in-time
Long-term inventory, net of allowance for obsolescence of $21 and $15, respectively	`InventoryNoncurrent`	$2.83M	USD	Point-in-time
Long-term inventory, net of allowance for obsolescence of $21 and $15, respectively	`InventoryNoncurrent`	$3.31M	USD	Point-in-time
Rental equipment, net of accumulated depreciation of $150,859 and $145,851, respectively	`RentalEquipmentNet`	$167.10M	USD	Point-in-time
Rental equipment, net of accumulated depreciation of $150,859 and $145,851, respectively	`RentalEquipmentNet`	$168.79M	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
Property and equipment, net of accumulated depreciation of $11,528 and $11,274, respectively	`PropertyPlantAndEquipmentOtherNet`	$9.28M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $11,528 and $11,274, respectively	`PropertyPlantAndEquipmentOtherNet`	$7.65M	USD	Point-in-time
Goodwill	`Goodwill`	$10.04M	USD	Point-in-time
Goodwill	`Goodwill`	$10.04M	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
Intangibles, net of accumulated amortization of $1,664 and $1,632, respectively	`IntangibleAssetsNetExcludingGoodwill`	$1.53M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intangibles, net of accumulated amortization of $1,664 and $1,632, respectively	`IntangibleAssetsNetExcludingGoodwill`	$1.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.07M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$939.00K	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total assets	`Assets`	$298.31M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Total assets	`Assets`	$296.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.95M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.95M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.11M	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$294.00K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$185.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.45M	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	`DeferredIncomeTaxLiabilities`	$32.16M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilities`	$32.21M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.07M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$958.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$38.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.99M	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; 12,949 and 12,880 shares issued and outstanding, respectively	`CommonStockValue`	$129.00K	USD	Point-in-time
Common stock, 30,000 shares authorized, par value $0.01; 12,949 and 12,880 shares issued and outstanding, respectively	`CommonStockValue`	$129.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$105.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$105.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$151.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$152.09M	USD	Point-in-time
Deferred compensation liability payable in company stock	`DeferredCompensationLiabilityPayableInCompanyStock`	-	USD	Point-in-time
Deferred compensation liability payable in company stock	`DeferredCompensationLiabilityPayableInCompanyStock`	$816.00K	USD	Point-in-time
Company stock held by deferred compensation plan	`DeferredCompensationEquity`	-	USD	Point-in-time
Company stock held by deferred compensation plan	`DeferredCompensationEquity`	$816.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$257.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$257.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$298.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$296.36M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$11.47M	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementLeaseRevenue`	$11.92M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$6.64M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$3.00M	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$343.00K	USD	1 Quarter
Service and maintenance income	`SalesRevenueServicesNet`	$249.00K	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$18.90M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$14.72M	USD	1 Quarter
Cost of rentals, exclusive of depreciation stated separately below	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$4.70M	USD	1 Quarter
Cost of rentals, exclusive of depreciation stated separately below	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$4.67M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$2.19M	USD	1 Quarter
Cost of sales, exclusive of depreciation stated separately below	`OtherCostOfOperatingRevenue`	$5.42M	USD	1 Quarter
Cost of service and maintenance	`OtherCostOfServices`	$94.00K	USD	1 Quarter
Cost of service and maintenance	`OtherCostOfServices`	$65.00K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$3.05M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.39M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$18.56M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$14.37M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$343.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$350.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.00K	USD	1 Quarter
Other (expense) income , net	`OtherNonoperatingIncomeExpense`	$-73.00K	USD	1 Quarter
Other (expense) income , net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-76.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$344.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$274.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$49.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$92.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$252.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$225.00K	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.92M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.06M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$252.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$225.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.39M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.27M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$48.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.53M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$428.00K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$-50.00K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$60.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	$27.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Loss (gain) on company owned life insurance	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	$12.00K	USD	1 Quarter
Loss (gain) on company owned life insurance	`LifeInsuranceCorporateOrBankOwnedChangeInValue`	$-67.00K	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-865.00K	USD	1 Quarter
Trade accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.64M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-15.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-1.66M	USD	1 Quarter
Prepaid expenses and prepaid income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-488.00K	USD	1 Quarter
Prepaid expenses and prepaid income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.93M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.54M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$68.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-1.74M	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$109.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentAssets`	$-43.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherCurrentAssets`	$-85.00K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$10.46M	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$5.13M	USD	1 Quarter
Purchase of rental equipment and property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$144.00K	USD	1 Quarter
Purchase of rental equipment and property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.71M	USD	1 Quarter
Purchase of company owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$93.00K	USD	1 Quarter
Purchase of company owned life insurance	`PaymentsToAcquireLifeInsurancePolicies`	$139.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$27.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-8.85M	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-210.00K	USD	1 Quarter
Payments from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	$-4.00K	USD	1 Quarter
Payments from other long-term liabilities, net	`ProceedsFromPurchaseCommitmentDiscountNet`	$-9.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$517.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$157.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$495.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$492.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-347.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$21.00K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.28M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.07M	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$74.37M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$65.14M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$64.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$69.21M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$74.37M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$65.14M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$64.09M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$69.21M	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`	-	USD	1 Quarter
Transfer of rental equipment components to inventory	`TransferOfRentalEquipmentToInventory`	$40.00K	USD	1 Quarter
Transfer of rental equipment components to inventory	`TransferOfRentalEquipmentToInventory`	$48.00K	USD	1 Quarter

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