PNRG FY 2010 Earnings Report — PrimeEnergy Resources Corporation Revenue & Financial Results | Market Cap Arena

PrimeEnergy Resources CorporationPNRG

FY 2010 Earnings

Reported April 7, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$117M	—	$94M	—	24.1%
Op. Income	$4M	—	-$22M	—	120.4%
Gross Margin	18.5%	—	-10.7%	—	29.1pp
Net Margin	2.4%	—	-25.2%	—	27.6pp
EPS (Diluted)	$0.75	—	$-7.79	—	109.6%
Free Cash Flow	$47M	—	$16M	—	193.1%

Revenue Flow

Item	Amount
REVENUE	$117M
Cost of Revenue	$95M
GROSS PROFIT	$22M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$13M
Other Expenses	$0
Operating Expenses	$13M
Cost & Expenses	$109M
OPERATING INCOME	$4M
Interest Income	$621.0K
Interest Expense	$7M
Other Income/Expenses	$815.0K
INCOME BEFORE TAX	$5M
Income Tax Expense	$1M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3M
D&A	$46M
EBIT	$12M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$117M
Cost of Revenue	$95M
GROSS PROFIT	$22M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$13M
Other Expenses	$0
Operating Expenses	$13M
Cost & Expenses	$109M
OPERATING INCOME	$4M
Interest Income	$621.0K
Interest Expense	$7M
Other Income/Expenses	$815.0K
INCOME BEFORE TAX	$5M
Income Tax Expense	$1M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3M
D&A	$46M
EBIT	$12M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$44M
Change in Working Capital	$15M
OPERATING CASH FLOW	$62M
Capital Expenditure	-$15M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	-$23M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$2M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$28M
FREE CASH FLOW	$47M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$33M
Short-Term Investments	$0
Net Receivables	$16M
Inventory	$700.0K
Other Current Assets	$595.0K
TOTAL CURRENT ASSETS	$58M
PP&E (Net)	$150M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$16M
Other Non-Current Assets	-$16M
TOTAL NON-CURRENT ASSETS	$150M
TOTAL ASSETS	$208M
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$5M
TOTAL CURRENT LIABILITIES	$48M
Long-Term Debt	$93M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$127M
TOTAL LIABILITIES	$175M
Common Stock	$383.0K
Additional Paid-In Capital	$6M
Retained Earnings	$46M
Treasury Stock	-$29M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$24M
Minority Interest	$9M
TOTAL EQUITY	$33M
TOTAL LIABILITIES & EQUITY	$208M
Total Debt	$93M
Net Debt	$60M