10-Q Filing

METALICO INC CIK: 1048685 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-308582`
Period End Date	20140630
Filing Date	20140813
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	mea-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 74 Cash Flow Statement 56 Comprehensive Income 12

Balance Sheet 66 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`	$7.06M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.78M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.22M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	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`	$67.26M	USD	Point-in-time
Inventories	`InventoryNet`	$69.68M	USD	Point-in-time
Inventories	`InventoryNet`	$63.77M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$5.35M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$5.66M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$2.05M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$258.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.51M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$143.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$140.47M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$98.75M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.18M	USD	Point-in-time
Goodwill	`Goodwill`	$22.44M	USD	Point-in-time
Goodwill	`Goodwill`	$22.44M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$30.14M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$31.45M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$7.90M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$7.36M	USD	Point-in-time
Total assets	`Assets`	$301.01M	USD	Point-in-time
Total assets	`Assets`	$343.20M	USD	Point-in-time
Total assets	`Assets`	$299.06M	USD	Point-in-time
Current maturities of other long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$120.77M	USD	Point-in-time
Current maturities of other long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.48M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$3.85M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$4.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$145.95M	USD	Point-in-time
Senior unsecured convertible notes payable	`ConvertibleLongTermNotesPayable`	$23.17M	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$97.92M	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$5.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.29M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.25M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.27M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$124.65M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$8.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$152.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$154.59M	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`	$185.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$185.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.64M	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`	$143.73M	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`	$738.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$148.23M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$144.47M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$301.01M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$299.06M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$142.31M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$129.90M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$267.59M	USD	2 Qtrs
Revenue	`SalesRevenueGoodsNet`	$277.50M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$247.06M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$129.30M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$121.06M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$255.74M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.41M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.94M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.06M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.94M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.63M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$268.94M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$139.59M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$131.86M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$276.78M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-1.35M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$723.00K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-1.96M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$2.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.36M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.68M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.44M	USD	2 Qtrs
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-49.00K	USD	1 Quarter
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-120.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$12.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$5.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$21.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$28.00K	USD	2 Qtrs
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-2.18M	USD	1 Quarter
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-2.34M	USD	1 Quarter
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-4.66M	USD	2 Qtrs
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-4.55M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.89M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$379.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.93M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.14M	USD	1 Quarter
Provision (benefit) for federal and state income taxes	`IncomeTaxExpenseBenefit`	$102.00K	USD	1 Quarter
Provision (benefit) for federal and state income taxes	`IncomeTaxExpenseBenefit`	$-1.93M	USD	2 Qtrs
Provision (benefit) for federal and state income taxes	`IncomeTaxExpenseBenefit`	$2.00K	USD	2 Qtrs
Provision (benefit) for federal and state income taxes	`IncomeTaxExpenseBenefit`	$-1.41M	USD	1 Quarter
Consolidated net income (loss)	`ProfitLoss`	$-2.73M	USD	1 Quarter
Consolidated net income (loss)	`ProfitLoss`	$-3.93M	USD	2 Qtrs
Consolidated net income (loss)	`ProfitLoss`	$277.00K	USD	1 Quarter
Consolidated net income (loss)	`ProfitLoss`	$-3.96M	USD	2 Qtrs
Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-315.00K	USD	2 Qtrs
Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-50.00K	USD	2 Qtrs
Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-22.00K	USD	1 Quarter
Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.00K	USD	1 Quarter
Net income (loss) attributable to Metalico, Inc.	`NetIncomeLoss`	$-3.62M	USD	2 Qtrs
Net income (loss) attributable to Metalico, Inc.	`NetIncomeLoss`	$-2.73M	USD	1 Quarter
Net income (loss) attributable to Metalico, Inc.	`NetIncomeLoss`	$299.00K	USD	1 Quarter
Net income (loss) attributable to Metalico, Inc.	`NetIncomeLoss`	$-3.91M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.08	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.08	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.08	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.08	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.21M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.85M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.94M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.19M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.19M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.94M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.85M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.21M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Consolidated net loss	`ProfitLoss`	$-2.73M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-3.93M	USD	2 Qtrs
Consolidated net loss	`ProfitLoss`	$277.00K	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-3.96M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.36M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.41M	USD	2 Qtrs
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$97.00K	USD	2 Qtrs
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$26.00K	USD	2 Qtrs
Financial instruments fair value adjustments	`DerivativeGainLossOnDerivativeNet`	$3.00K	USD	2 Qtrs
Net (gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-49.00K	USD	2 Qtrs
Net (gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$178.00K	USD	2 Qtrs
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-49.00K	USD	1 Quarter
Equity in loss of unconsolidated investee	`IncomeLossFromEquityMethodInvestments`	$-120.00K	USD	2 Qtrs
Compensation expense on restricted stock and stock options issued	`ShareBasedCompensation`	$244.00K	USD	1 Quarter
Compensation expense on restricted stock and stock options issued	`ShareBasedCompensation`	$179.00K	USD	2 Qtrs
Compensation expense on restricted stock and stock options issued	`ShareBasedCompensation`	$585.00K	USD	2 Qtrs
Compensation expense on restricted stock and stock options issued	`ShareBasedCompensation`	$53.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.95M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$13.87M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-6.24M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-5.91M	USD	2 Qtrs
Income taxes receivable, prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.10M	USD	2 Qtrs
Income taxes receivable, prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.01M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$3.36M	USD	2 Qtrs
Accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.38M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$12.86M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.96M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$307.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$65.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.24M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.05M	USD	2 Qtrs
Cash paid for business acquisitions, less cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$700.00K	USD	2 Qtrs
(Increase) decrease in other assets	`PaymentsForProceedsFromProductiveAssets`	$-131.00K	USD	2 Qtrs
(Increase) decrease in other assets	`PaymentsForProceedsFromProductiveAssets`	$1.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.88M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.61M	USD	2 Qtrs
Net borrowings (payments) under revolving lines-of-credit	`ProceedsFromRepaymentsOfOtherDebt`	$3.00M	USD	2 Qtrs
Net borrowings (payments) under revolving lines-of-credit	`ProceedsFromRepaymentsOfOtherDebt`	$-5.46M	USD	2 Qtrs
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$1.64M	USD	2 Qtrs
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$614.00K	USD	2 Qtrs
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$3.08M	USD	2 Qtrs
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$5.09M	USD	2 Qtrs
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$275.00K	USD	2 Qtrs
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$144.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.62M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.18M	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-194.00K	USD	2 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.27M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.78M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.22M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.78M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.22M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.42M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-3.62M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.73M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$299.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.91M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$299.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.91M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-2.73M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.62M	USD	2 Qtrs

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