10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001421461-19-000011 |
| Period End Date | 20190331 |
| Filing Date | 20190507 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | ipi-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
400.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
400.00M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
128.78M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.08M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$33.22M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$34.03M | USD | Point-in-time |
| Trade, net |
AccountsReceivableNetCurrent
|
$28.22M | USD | Point-in-time |
| Trade, net |
AccountsReceivableNetCurrent
|
$25.16M | USD | Point-in-time |
| Other receivables, net |
OtherReceivablesNetCurrent
|
$597.00K | USD | Point-in-time |
| Other receivables, net |
OtherReceivablesNetCurrent
|
$959.00K | USD | Point-in-time |
| Inventory, net |
InventoryNet
|
$82.05M | USD | Point-in-time |
| Inventory, net |
InventoryNet
|
$86.27M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$7.48M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$4.33M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$145.36M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$156.96M | USD | Point-in-time |
| Property, plant and equipment, and mineral properties, net |
PropertyPlantAndEquipmentNet
|
$347.67M | USD | Point-in-time |
| Property, plant and equipment, and mineral properties, net |
PropertyPlantAndEquipmentNet
|
$346.21M | USD | Point-in-time |
| Long-term parts inventory, net |
LongTermPartsInventoryNoncurrent
|
$30.03M | USD | Point-in-time |
| Long-term parts inventory, net |
LongTermPartsInventoryNoncurrent
|
$29.89M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$3.59M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$3.63M | USD | Point-in-time |
| Total Assets |
Assets
|
$525.23M | USD | Point-in-time |
| Total Assets |
Assets
|
$538.12M | USD | Point-in-time |
| Trade |
AccountsPayableTradeCurrent
|
$9.11M | USD | Point-in-time |
| Trade |
AccountsPayableTradeCurrent
|
$12.02M | USD | Point-in-time |
| Related parties |
AccountsPayableRelatedPartiesCurrent
|
$28.00K | USD | Point-in-time |
| Related parties |
AccountsPayableRelatedPartiesCurrent
|
$28.00K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$914.00K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$914.00K | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$8.72M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$8.54M | USD | Point-in-time |
| Accrued employee compensation and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$4.20M | USD | Point-in-time |
| Accrued employee compensation and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$4.12M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$11.89M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$10.72M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$34.78M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$36.42M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$49.64M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$49.67M | USD | Point-in-time |
| Asset retirement obligation |
AssetRetirementObligationsNoncurrent
|
$23.49M | USD | Point-in-time |
| Asset retirement obligation |
AssetRetirementObligationsNoncurrent
|
$23.12M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiabilityNoncurrent
|
- | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiabilityNoncurrent
|
$3.77M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$420.00K | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$420.00K | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$107.97M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$113.77M | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.001 par value; 400,000,000 shares authorized; 128,781,031 and 128,716,595 shares outstanding at March 31 2019 and December 31, 2018, respectively |
CommonStockValue
|
$129.00K | USD | Point-in-time |
| Common stock, $0.001 par value; 400,000,000 shares authorized; 128,781,031 and 128,716,595 shares outstanding at March 31 2019 and December 31, 2018, respectively |
CommonStockValue
|
$129.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$650.13M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$649.20M | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-225.91M | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-232.07M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$402.09M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$424.35M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$404.74M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$417.26M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$525.23M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$538.12M | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Lower of cost or net realizable value inventory adjustments |
InventoryWriteDown
|
$705.00K | USD | 1 Quarter |
| Lower of cost or net realizable value inventory adjustments |
InventoryWriteDown
|
- | USD | 1 Quarter |
| Gross Margin |
GrossProfit
|
$13.17M | USD | 1 Quarter |
| Gross Margin |
GrossProfit
|
$7.20M | USD | 1 Quarter |
| Selling and administrative |
SellingGeneralAndAdministrativeExpense
|
$5.81M | USD | 1 Quarter |
| Selling and administrative |
SellingGeneralAndAdministrativeExpense
|
$3.97M | USD | 1 Quarter |
| Accretion of asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$417.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$417.00K | USD | 1 Quarter |
| Care and maintenance expense |
OperatingCostsAndExpenses
|
$149.00K | USD | 1 Quarter |
| Care and maintenance expense |
OperatingCostsAndExpenses
|
$128.00K | USD | 1 Quarter |
| Other operating expense |
OtherOperatingIncomeExpenseNet
|
$-168.00K | USD | 1 Quarter |
| Other operating expense |
OtherOperatingIncomeExpenseNet
|
$-371.00K | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$2.52M | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$6.42M | USD | 1 Quarter |
| Interest Expense, net |
InterestExpense
|
$878.00K | USD | 1 Quarter |
| Interest Expense, net |
InterestExpense
|
$603.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
- | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$98.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$20.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$334.00K | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$1.76M | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$6.16M | USD | 1 Quarter |
| Income Tax Expense |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Income Tax Expense |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$1.76M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$6.16M | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
127.66M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
128.73M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
130.76M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
130.88M | shares | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.01 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.05 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.01 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.05 | USD | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
NetIncomeLoss
|
$1.76M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$6.16M | USD | 1 Quarter |
| Depreciation, depletion and accretion |
DepreciationDepletionAndAmortization
|
$8.75M | USD | 1 Quarter |
| Depreciation, depletion and accretion |
DepreciationDepletionAndAmortization
|
$8.52M | USD | 1 Quarter |
| Accretion of asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$417.00K | USD | 1 Quarter |
| Accretion of asset retirement obligation |
AssetRetirementObligationAccretionExpense
|
$417.00K | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$68.00K | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$183.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$947.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.03M | USD | 1 Quarter |
| Lower of cost or net realizable value inventory adjustments |
InventoryWriteDown
|
$705.00K | USD | 1 Quarter |
| Lower of cost or net realizable value inventory adjustments |
InventoryWriteDown
|
- | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnDispositionOfAssets1
|
$34.00K | USD | 1 Quarter |
| Loss on disposal of assets |
GainLossOnDispositionOfAssets1
|
$-19.00K | USD | 1 Quarter |
| Allowance for parts inventory obsolescence |
ReserveForObsolescence
|
- | USD | 1 Quarter |
| Allowance for parts inventory obsolescence |
ReserveForObsolescence
|
$4.00K | USD | 1 Quarter |
| Trade accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$11.83M | USD | 1 Quarter |
| Trade accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$3.06M | USD | 1 Quarter |
| Other receivables, net |
IncreaseDecreaseInOtherReceivables
|
$362.00K | USD | 1 Quarter |
| Other receivables, net |
IncreaseDecreaseInOtherReceivables
|
$207.00K | USD | 1 Quarter |
| Refundable income taxes |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-2.84M | USD | 1 Quarter |
| Refundable income taxes |
IncreaseDecreaseInIncomeTaxesReceivable
|
- | USD | 1 Quarter |
| Inventory, net |
IncreaseDecreaseInInventories
|
$4.09M | USD | 1 Quarter |
| Inventory, net |
IncreaseDecreaseInInventories
|
$-6.01M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-103.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-914.00K | USD | 1 Quarter |
| Accounts payable, accrued liabilities, and accrued employee compensation and benefits |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.00K | USD | 1 Quarter |
| Accounts payable, accrued liabilities, and accrued employee compensation and benefits |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$2.46M | USD | 1 Quarter |
| Operating lease liabilities |
IncreaseDecreaseInOperatingLeaseLiabilities
|
$-479.00K | USD | 1 Quarter |
| Operating lease liabilities |
IncreaseDecreaseInOperatingLeaseLiabilities
|
- | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$3.68M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-2.89M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$13.90M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.12M | USD | 1 Quarter |
| Additions to property, plant, equipment, and mineral properties |
PaymentsToAcquireProductiveAssets
|
$6.47M | USD | 1 Quarter |
| Additions to property, plant, equipment, and mineral properties |
PaymentsToAcquireProductiveAssets
|
$3.96M | USD | 1 Quarter |
| Deposit on asset purchase |
PaymentsToAcquireAssetsInvestingActivities
|
- | USD | 1 Quarter |
| Deposit on asset purchase |
PaymentsToAcquireAssetsInvestingActivities
|
$3.25M | USD | 1 Quarter |
| Proceeds from sale of property, plant, equipment, and mineral properties |
ProceedsFromSaleOfProductiveAssets
|
- | USD | 1 Quarter |
| Proceeds from sale of property, plant, equipment, and mineral properties |
ProceedsFromSaleOfProductiveAssets
|
$34.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-6.44M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-7.21M | USD | 1 Quarter |
| Proceeds from short-term borrowings on credit facility |
ProceedsFromLinesOfCredit
|
- | USD | 1 Quarter |
| Proceeds from short-term borrowings on credit facility |
ProceedsFromLinesOfCredit
|
$13.50M | USD | 1 Quarter |
| Repayments of short-term borrowings on credit facility |
RepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Repayments of short-term borrowings on credit facility |
RepaymentsOfLinesOfCredit
|
$15.90M | USD | 1 Quarter |
| Employee tax withholding paid for restricted stock upon vesting |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$62.00K | USD | 1 Quarter |
| Employee tax withholding paid for restricted stock upon vesting |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$112.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$9.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$11.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.45M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-103.00K | USD | 1 Quarter |
| Net Change in Cash, Cash Equivalents and Restricted Cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$5.02M | USD | 1 Quarter |
| Net Change in Cash, Cash Equivalents and Restricted Cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$810.00K | USD | 1 Quarter |
| Cash, Cash Equivalents, and Restricted Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.55M | USD | Point-in-time |
| Cash, Cash Equivalents, and Restricted Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.57M | USD | Point-in-time |
| Cash, Cash Equivalents, and Restricted Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$34.51M | USD | Point-in-time |
| Cash, Cash Equivalents, and Restricted Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$33.70M | USD | Point-in-time |
| Cash, Cash Equivalents, and Restricted Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.55M | USD | Point-in-time |
| Cash, Cash Equivalents, and Restricted Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.57M | USD | Point-in-time |
| Cash, Cash Equivalents, and Restricted Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$34.51M | USD | Point-in-time |
| Cash, Cash Equivalents, and Restricted Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$33.70M | USD | Point-in-time |
| Interest |
InterestPaidNet
|
$95.00K | USD | 1 Quarter |
| Interest |
InterestPaidNet
|
$49.00K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$-2.84M | USD | 1 Quarter |
| Accrued purchases for property, plant, equipment, and mineral properties |
CapitalExpendituresIncurredButNotYetPaid
|
$1.44M | USD | 1 Quarter |
| Accrued purchases for property, plant, equipment, and mineral properties |
CapitalExpendituresIncurredButNotYetPaid
|
$933.00K | USD | 1 Quarter |
| Right-of-use assets exchanged for new operating lease liabilities |
Rightofuseassetsexchangedfornewoperatingleaseliabilities
|
$5.92M | USD | 1 Quarter |
| Right-of-use assets exchanged for new operating lease liabilities |
Rightofuseassetsexchangedfornewoperatingleaseliabilities
|
- | USD | 1 Quarter |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$402.09M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$424.35M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$404.74M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$417.26M | USD | Point-in-time |
| Net Income |
NetIncomeLoss
|
$1.76M | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$6.16M | USD | 1 Quarter |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$1.03M | USD | 1 Quarter |
| Stock-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$947.00K | USD | 1 Quarter |
| Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$112.00K | USD | 1 Quarter |
| Vesting of restricted common stock, net of restricted common stock used to fund employee income tax withholding due upon vesting |
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
$62.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$11.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$9.00K | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$402.09M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$424.35M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$404.74M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$417.26M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.