10-Q Filing

METALICO INC CIK: 1048685 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-200146`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	mea-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 37 Cash Flow Statement 52 Comprehensive Income 6

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$544.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$524.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.57M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts 2014 - $544; 2013 - $524	`AccountsReceivableNetCurrent`	$53.42M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts 2014 - $544; 2013 - $524	`AccountsReceivableNetCurrent`	$55.19M	USD	Point-in-time
Inventories	`InventoryNet`	$59.45M	USD	Point-in-time
Inventories	`InventoryNet`	$69.68M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$5.66M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$6.35M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$2.05M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$2.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$140.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$130.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.75M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$96.99M	USD	Point-in-time
Goodwill	`Goodwill`	$22.44M	USD	Point-in-time
Goodwill	`Goodwill`	$22.44M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$30.80M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$31.45M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$7.44M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$7.90M	USD	Point-in-time
Total assets	`Assets`	$347.65M	USD	Point-in-time
Total assets	`Assets`	$301.01M	USD	Point-in-time
Total assets	`Assets`	$288.27M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.33M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$102.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.96M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$3.77M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$3.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.13M	USD	Point-in-time
Senior unsecured convertible notes payable	`ConvertibleLongTermNotesPayable`	$23.17M	USD	Point-in-time
Senior unsecured convertible notes payable	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$13.66M	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$97.92M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.19M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.26M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.27M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$17.11M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$124.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$144.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$152.78M	USD	Point-in-time
Commitments and Contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$48.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$48.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$185.52M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$185.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-38.02M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-372.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-372.00K	USD	Point-in-time
Total Metalico, Inc. and Subsidiaries equity	`StockholdersEquity`	$143.38M	USD	Point-in-time
Total Metalico, Inc. and Subsidiaries equity	`StockholdersEquity`	$147.18M	USD	Point-in-time
Noncontrolling interest	`NoncontrollingInterestInVariableInterestEntity`	$1.05M	USD	Point-in-time
Noncontrolling interest	`NoncontrollingInterestInVariableInterestEntity`	$760.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$144.14M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$148.23M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$288.27M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$301.01M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$137.69M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$135.19M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$126.45M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$126.00M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.35M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.39M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$137.08M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$137.19M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$611.00K	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-2.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.32M	USD	1 Quarter
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-71.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$7.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$7.00K	USD	1 Quarter
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-2.37M	USD	1 Quarter
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-2.31M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.31M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.76M	USD	1 Quarter
Federal and state income tax benefit	`IncomeTaxExpenseBenefit`	$-100.00K	USD	1 Quarter
Federal and state income tax benefit	`IncomeTaxExpenseBenefit`	$-524.00K	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-1.23M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-4.21M	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-293.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-53.00K	USD	1 Quarter
Net loss attributable to Metalico, Inc.	`NetIncomeLoss`	$-3.92M	USD	1 Quarter
Net loss attributable to Metalico, Inc.	`NetIncomeLoss`	$-1.18M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.17M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.75M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.75M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.17M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Consolidated net loss	`ProfitLoss`	$-1.23M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-4.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.74M	USD	1 Quarter
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-71.00K	USD	1 Quarter
Compensation expense on restricted stock and stock options issued	`ShareBasedCompensation`	$125.00K	USD	1 Quarter
Compensation expense on restricted stock and stock options issued	`ShareBasedCompensation`	$342.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$26.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$97.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-100.00K	USD	1 Quarter
Net (gain) loss on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$13.00K	USD	1 Quarter
Net (gain) loss on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-20.00K	USD	1 Quarter
Financial instruments fair value adjustment	`DerivativeGainLossOnDerivativeNet`	$3.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.28M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$1.80M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.74M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-10.23M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.83M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$640.00K	USD	1 Quarter
Accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$2.35M	USD	1 Quarter
Accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.37M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.04M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.65M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$55.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$65.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.04M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.06M	USD	1 Quarter
Cash paid for business acquisition, less cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$700.00K	USD	1 Quarter
Decrease (increase) in other assets	`PaymentsForProceedsFromProductiveAssets`	$3.00K	USD	1 Quarter
Decrease (increase) in other assets	`PaymentsForProceedsFromProductiveAssets`	$-297.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.69M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.69M	USD	1 Quarter
Net payments under revolving lines-of-credit	`ProceedsFromRepaymentsOfOtherDebt`	$-9.34M	USD	1 Quarter
Net payments under revolving lines-of-credit	`ProceedsFromRepaymentsOfOtherDebt`	$-3.33M	USD	1 Quarter
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$279.00K	USD	1 Quarter
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$122.00K	USD	1 Quarter
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$1.70M	USD	1 Quarter
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$1.87M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$109.00K	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$275.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.20M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.02M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.06M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-852.00K	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.57M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.57M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Consolidated net loss	`ProfitLoss`	$-1.23M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-4.21M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.23M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.21M	USD	1 Quarter

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