10-Q Filing

METALICO INC CIK: 1048685 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-195175`
Period End Date	20150331
Filing Date	20150520
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	mea-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 38 Cash Flow Statement 60 Comprehensive Income 6

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$563.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$596.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.76M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.41M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts 2015 - $596; 2014 - $563	`AccountsReceivableNetCurrent`	$42.35M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts 2015 - $596; 2014 - $563	`AccountsReceivableNetCurrent`	$31.63M	USD	Point-in-time
Inventories	`InventoryNet`	$46.13M	USD	Point-in-time
Inventories	`InventoryNet`	$33.97M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$5.23M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$5.01M	USD	Point-in-time
Income taxes receivable	`IncomeTaxReceivable`	$280.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$617.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$500.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$73.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$98.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$81.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.16M	USD	Point-in-time
Goodwill	`Goodwill`	$11.90M	USD	Point-in-time
Goodwill	`Goodwill`	$11.90M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$21.10M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$21.53M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$4.78M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$4.93M	USD	Point-in-time
Total assets	`Assets`	$218.34M	USD	Point-in-time
Total assets	`Assets`	$191.46M	USD	Point-in-time
Current maturities of other long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.51M	USD	Point-in-time
Current maturities of other long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$59.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.98M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$4.28M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$6.51M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$22.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$74.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.92M	USD	Point-in-time
Senior unsecured convertible notes payable	`ConvertibleLongTermNotesPayable`	$10.48M	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$5.07M	USD	Point-in-time
Other long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$62.39M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.74M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.76M	USD	Point-in-time
Accrued expenses and other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.12M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$8.56M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$79.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$100.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$83.13M	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`	$74.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$70.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$201.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$200.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-82.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-93.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$108.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$117.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$191.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$218.34M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$118.54M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$75.89M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$76.43M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$112.27M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.77M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$84.83M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$121.62M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.08M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-8.94M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.32M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.64M	USD	1 Quarter
Financial instruments fair value adjustment	`DerivativeGainLossOnDerivativeNet`	$-161.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$23.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-2.31M	USD	1 Quarter
Total financial and other income (expense)	`NonoperatingIncomeExpense`	$-1.78M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.72M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.39M	USD	1 Quarter
Provision (benefit) for federal and state income taxes	`IncomeTaxExpenseBenefit`	$-598.00K	USD	1 Quarter
Provision (benefit) for federal and state income taxes	`IncomeTaxExpenseBenefit`	$154.00K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-10.88M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-4.80M	USD	1 Quarter
Income from discontinued operations net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$586.00K	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-10.88M	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 Metalico, Inc.	`NetIncomeLoss`	$-10.88M	USD	1 Quarter
Net loss attributable to Metalico, Inc.	`NetIncomeLoss`	$-3.92M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.15	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.09	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.01	USD	1 Quarter
Net loss	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Net loss	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	72.38M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48.17M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Consolidated net loss	`ProfitLoss`	$-10.88M	USD	1 Quarter
Consolidated net loss	`ProfitLoss`	$-4.21M	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$586.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.83M	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`	$41.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$33.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$26.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$117.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-100.00K	USD	1 Quarter
Net gain on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$9.00K	USD	1 Quarter
Net gain on sale and disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$13.00K	USD	1 Quarter
Financial instruments fair value adjustment	`DerivativeGainLossOnDerivativeNet`	$-161.00K	USD	1 Quarter
Interest paid in kind	`PaidInKindInterest`	$355.00K	USD	1 Quarter
Interest paid in kind	`PaidInKindInterest`	$1.57M	USD	Point-in-time
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$1.27M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-10.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-10.85M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-12.16M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.12M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$533.00K	USD	1 Quarter
Accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.58M	USD	1 Quarter
Accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-1.16M	USD	1 Quarter
Net cash provided by operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.04M	USD	1 Quarter
Net cash provided by operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.42M	USD	1 Quarter
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$3.23M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.65M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.04M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$53.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$55.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.79M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.87M	USD	1 Quarter
Decrease (increase) in other assets	`PaymentsForProceedsFromProductiveAssets`	$7.00K	USD	1 Quarter
Decrease (increase) in other assets	`PaymentsForProceedsFromProductiveAssets`	$-298.00K	USD	1 Quarter
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.51M	USD	1 Quarter
Net cash used in investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.74M	USD	1 Quarter
Net cash used in investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-173.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.74M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.69M	USD	1 Quarter
Net payments under revolving lines-of-credit	`ProceedsFromRepaymentsOfOtherDebt`	$-9.34M	USD	1 Quarter
Net payments under revolving lines-of-credit	`ProceedsFromRepaymentsOfOtherDebt`	$-14.76M	USD	1 Quarter
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$122.00K	USD	1 Quarter
Proceeds from other borrowings	`ProceedsFromOtherDebt`	$809.00K	USD	1 Quarter
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$1.66M	USD	1 Quarter
Principal payments on other borrowings	`RepaymentsOfOtherDebt`	$1.70M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$109.00K	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$33.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.64M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.02M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.34M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.06M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.76M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.41M	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`	$3.76M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.41M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Consolidated net loss	`NetIncomeLoss`	$-10.88M	USD	1 Quarter
Consolidated net loss	`NetIncomeLoss`	$-3.92M	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`	$-4.21M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.88M	USD	1 Quarter

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