10-Q Filing

METALICO INC CIK: 1048685 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-208399`
Period End Date	20120331
Filing Date	20120503
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mea-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 35 Cash Flow Statement 58 Comprehensive Income 5

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$829.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$829.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.58M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.48M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.56M	shares	Point-in-time
Trade receivables, less allowance for doubtful accounts 2012 - $829; 2011 - $829	`AccountsReceivableNetCurrent`	$50.97M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts 2012 - $829; 2011 - $829	`AccountsReceivableNetCurrent`	$77.56M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.56M	shares	Point-in-time
Inventories	`InventoryNet`	$74.96M	USD	Point-in-time
Inventories	`InventoryNet`	$85.66M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$6.18M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$5.25M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$3.94M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$166.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$154.09M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$91.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.45M	USD	Point-in-time
Goodwill	`Goodwill`	$74.15M	USD	Point-in-time
Goodwill	`Goodwill`	$73.55M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$39.55M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$40.23M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.67M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$5.63M	USD	Point-in-time
Total assets	`Assets`	$364.89M	USD	Point-in-time
Total assets	`Assets`	$381.40M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$5.96M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$8.36M	USD	Point-in-time
Current maturities of other long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.69M	USD	Point-in-time
Current maturities of other long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.04M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$5.13M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$4.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.18M	USD	Point-in-time
Senior unsecured convertible notes payable	`ConvertibleLongTermNotesPayable`	$72.13M	USD	Point-in-time
Senior unsecured convertible notes payable	`ConvertibleLongTermNotesPayable`	$75.07M	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$52.17M	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$41.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$16.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$15.92M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.23M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.12M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$134.14M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$142.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$186.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$172.99M	USD	Point-in-time
Commitments and Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001, authorized shares of 100,000,000; issued and outstanding shares of 47,556,074 and 47,467,897, respectively	`CommonStockValue`	$47.00K	USD	Point-in-time
Common stock, par value $0.001, authorized shares of 100,000,000; issued and outstanding shares of 47,556,074 and 47,467,897, respectively	`CommonStockValue`	$47.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$182.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$182.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.91M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-434.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-434.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$191.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$194.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$381.40M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$364.89M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$164.09M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$181.97M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$153.64M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$146.89M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.02M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.98M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$158.19M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$164.98M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.98M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.89M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.31M	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$93.00K	USD	1 Quarter
Financial instruments fair value adjustment	`DerivativeGainLossOnDerivativeNet`	$-152.00K	USD	1 Quarter
Financial instruments fair value adjustment	`DerivativeGainLossOnDerivativeNet`	$-81.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-24.00K	USD	1 Quarter
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-2.37M	USD	1 Quarter
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-2.56M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$14.43M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.53M	USD	1 Quarter
Provision for federal and state income taxes	`IncomeTaxExpenseBenefit`	$1.31M	USD	1 Quarter
Provision for federal and state income taxes	`IncomeTaxExpenseBenefit`	$5.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.22M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.50M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.22M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.50M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.22M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.86M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-24.00K	USD	1 Quarter
Equity in loss (income) of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-10.00K	USD	1 Quarter
Compensation expense on restricted stock and stock options issued	`ShareBasedCompensation`	$417.00K	USD	1 Quarter
Compensation expense on restricted stock and stock options issued	`ShareBasedCompensation`	$584.00K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$93.00K	USD	1 Quarter
Net gain on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$322.00K	USD	1 Quarter
Net gain on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	1 Quarter
Financial instruments fair value adjustment	`DerivativeGainLossOnDerivativeNet`	$-152.00K	USD	1 Quarter
Financial instruments fair value adjustment	`DerivativeGainLossOnDerivativeNet`	$-81.00K	USD	1 Quarter
Other non-cash charges	`OtherNoncashIncomeExpense`	$-40.00K	USD	1 Quarter
Other non-cash charges	`OtherNoncashIncomeExpense`	$-14.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$26.59M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$19.43M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.31M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-11.18M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.24M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.41M	USD	1 Quarter
Accounts payable, accrued expenses, and income taxes payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$2.19M	USD	1 Quarter
Accounts payable, accrued expenses, and income taxes payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$6.96M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.09M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.86M	USD	1 Quarter
Proceeds from sale and insurance recovery on property and equipment	`ProceedsFromSaleAndInsuranceRecoveryOnPropertyAndEquipment`	$-3.00K	USD	1 Quarter
Proceeds from sale and insurance recovery on property and equipment	`ProceedsFromSaleAndInsuranceRecoveryOnPropertyAndEquipment`	$-558.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.76M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.03M	USD	1 Quarter
Cash paid for business acquisitions, less cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.84M	USD	1 Quarter
Cash paid for business acquisitions, less cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.50M	USD	1 Quarter
Decrease in other assets	`PaymentsForProceedsFromProductiveAssets`	$-72.00K	USD	1 Quarter
Decrease in other assets	`PaymentsForProceedsFromProductiveAssets`	$-9.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.19M	USD	1 Quarter
Net borrowings under revolving lines-of-credit	`ProceedsFromLongTermLinesOfCredit`	$337.00K	USD	1 Quarter
Net borrowings under revolving lines-of-credit	`ProceedsFromLongTermLinesOfCredit`	$11.97M	USD	1 Quarter
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$3.65M	USD	1 Quarter
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$1.27M	USD	1 Quarter
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$1.34M	USD	1 Quarter
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$4.54M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$196.00K	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$400.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-24.00K	USD	1 Quarter
Proceeds from issuance of common stock on exercised options	`ProceedsFromStockOptionsExercised`	$146.00K	USD	1 Quarter
Proceeds from issuance of common stock on exercised options	`ProceedsFromStockOptionsExercised`	$36.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.70M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$215.00K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-349.00K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.01M	USD	1 Quarter
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.58M	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Beginning	`CashAndCashEquivalentsAtCarryingValue`	$5.48M	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.58M	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.93M	USD	Point-in-time
Ending	`CashAndCashEquivalentsAtCarryingValue`	$5.48M	USD	Point-in-time

Comprehensive Income 5 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.22M	USD	1 Quarter
Other comprehensive income/(loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.22M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.76M	USD	1 Quarter

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