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VERTEX ENERGY, INC.: 10-Q filed 2021-11-09

What VERTEX ENERGY, INC. reported in its quarterly report filed 2021-11-09 (fiscal Q3 2021): 46 published measures, 135 facts as tagged in accession 0001628280-21-022319.

This filing

Form
10-Q (quarterly report)
Filed
2021-11-09
Fiscal period
fiscal Q3 2021
Accession
0001628280-21-022319 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All VERTEX ENERGY, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2021-09-30144,685,626USD
At 2020-12-31122,099,958USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2021-09-3067,572,248USD
At 2020-12-3160,809,023USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2021-09-3035,493,855USD
At 2020-12-314,606,871USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2021-09-3012,112,577USD
At 2020-12-3110,895,044USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2021-07-01 to 2021-09-308,359,506USD92
2021-01-01 to 2021-09-30-10,040,694USD273
2020-07-01 to 2020-09-30-2,435,385USD92
2020-01-01 to 2020-09-30-8,644,163USD274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2021-01-01 to 2021-09-301,060,039USD273
2020-01-01 to 2020-09-30642,186USD274

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2021-07-01 to 2021-09-3028,974,471USD92
2021-01-01 to 2021-09-3084,823,476USD273
2020-07-01 to 2020-09-3016,249,312USD92
2020-01-01 to 2020-09-3030,460,606USD274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2021-09-30-101,475,299USD
At 2020-12-31-90,008,778USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2021-07-01 to 2021-09-3061,348,508shares92
2021-01-01 to 2021-09-3053,963,617shares273
2020-07-01 to 2020-09-3045,554,841shares92
2020-01-01 to 2020-09-3045,494,235shares274

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2021-07-01 to 2021-09-3064,605,326shares92
2021-01-01 to 2021-09-3053,963,617shares273
2020-07-01 to 2020-09-3045,554,841shares92
2020-01-01 to 2020-09-3045,494,235shares274

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2021-07-01 to 2021-09-300.13USD/shares92
2021-01-01 to 2021-09-30-0.21USD/shares273
2020-07-01 to 2020-09-30-0.1USD/shares92
2020-01-01 to 2020-09-30-0.55USD/shares274

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2021-07-01 to 2021-09-300.12USD/shares92
2021-01-01 to 2021-09-30-0.21USD/shares273
2020-07-01 to 2020-09-30-0.1USD/shares92
2020-01-01 to 2020-09-30-0.55USD/shares274

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2021-07-01 to 2021-09-300USD92
2021-01-01 to 2021-09-300USD273
2020-07-01 to 2020-09-300USD92
2020-01-01 to 2020-09-300USD274

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2021-09-3014,581,774USD
At 2020-12-3113,922,537USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2021-01-01 to 2021-09-30612,626USD273
2020-01-01 to 2020-09-30490,958USD274

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-4,185,457USD92
2021-01-01 to 2021-09-30-7,047,806USD273
2020-07-01 to 2020-09-30-1,051,233USD92
2020-01-01 to 2020-09-30-4,558,108USD274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2021-09-30113,144,368USD
At 2020-12-3129,785,388USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2021-07-01 to 2021-09-30352,587USD92
2021-01-01 to 2021-09-30603,398USD273
2020-07-01 to 2020-09-3097,157USD92
2020-01-01 to 2020-09-30291,933USD274

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2021-09-3062,398,086USD
At 2020-12-3123,850,412USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2021-09-305,673,876USD
At 2020-12-312,419,543USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2021-09-305,796,484USD
At 2020-12-314,858,847USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2021-07-01 to 2021-09-304,971,635USD92
2021-01-01 to 2021-09-3012,192,699USD273
2020-07-01 to 2020-09-301,860,069USD92
2020-01-01 to 2020-09-306,092,168USD274

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2021-09-302,402,126USD
At 2020-12-311,458,288USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2021-07-01 to 2021-09-30786,178USD92
2021-01-01 to 2021-09-305,144,893USD273
2020-07-01 to 2020-09-30808,836USD92
2020-01-01 to 2020-09-301,534,060USD274

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2021-07-01 to 2021-09-304,944,719USD92
2021-01-01 to 2021-09-3012,111,951USD273
2020-07-01 to 2020-09-301,832,067USD92
2020-01-01 to 2020-09-306,044,050USD274

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2021-09-3063,003,766shares
At 2020-12-3145,554,841shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2021-09-3012,212,702USD
At 2020-12-3110,995,169USD
At 2020-09-3015,653,104USD
At 2019-12-314,199,825USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2021-09-30136,905,764USD
At 2020-12-3194,569,674USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2021-09-3037,341,970USD
At 2021-06-3018,503,143USD
At 2021-03-3119,268,266USD
At 2020-12-315,924,749USD
At 2020-09-3011,179,859USD
At 2020-06-3015,178,624USD
At 2020-03-3126,318,943USD
At 2019-12-3123,102,026USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2021-09-304,850,112USD
At 2020-12-314,734,497USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2021-09-304,850,112USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2021-09-3016,508,660USD
At 2020-12-3115,495,562USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2021-09-301,926,886USD
At 2020-12-311,573,025USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2021-09-3011,708,732USD
At 2020-12-311,008,733USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2021-09-302,185,282USD
At 2020-12-31980,233USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2021-07-01 to 2021-09-307,366,018USD92
2021-01-01 to 2021-09-30-14,811,253USD273
2020-07-01 to 2020-09-30-1,028,237USD92
2020-01-01 to 2020-09-30-3,129,762USD274

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2021-07-01 to 2021-09-3010,644,516USD92
2021-01-01 to 2021-09-30-2,346,808USD273
2021-04-01 to 2021-06-30-15,956,662USD91
2021-01-01 to 2021-03-312,965,338USD90
2020-07-01 to 2020-09-30-1,955,170USD92
2020-01-01 to 2020-09-30-8,453,392USD274
2020-04-01 to 2020-06-30-8,888,473USD91
2020-01-01 to 2020-03-312,390,251USD91

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2021-07-01 to 2021-09-307,944,816USD92
2021-01-01 to 2021-09-30-11,466,521USD273
2020-07-01 to 2020-09-30-4,343,878USD92
2020-01-01 to 2020-09-30-25,076,848USD274

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2021-01-01 to 2021-09-30439,653USD273
2020-01-01 to 2020-09-30375,790USD274

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2021-07-01 to 2021-09-3011,551,475USD92
2021-01-01 to 2021-09-30-7,763,447USD273
2020-07-01 to 2020-09-3022,996USD92
2020-01-01 to 2020-09-301,428,346USD274

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2021-01-01 to 2021-09-30843,523USD273
2020-01-01 to 2020-09-30812,887USD274

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2021-01-01 to 2021-09-300USD273
2020-01-01 to 2020-09-300USD274

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2021-01-01 to 2021-09-30400,000USD273
2020-01-01 to 2020-09-301,600,000USD274

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-09-301,513,058USD273
2020-01-01 to 2020-09-30-206,352USD274

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-09-30911,980USD273
2020-01-01 to 2020-09-30-1,008,343USD274

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-09-303,184,965USD273
2020-01-01 to 2020-09-301,729,129USD274

Inspect the source

Entity
VERTEX ENERGY, INC. / CIK 0000890447
Captured
SEC response SHA-256
bcd6172e4933238b0f547910f44c14e933fdce9d36b7593c7118e4e43b03d55a

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000890447.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))