Advanced emissions solutions, inc. (ADES)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Revenues:
Total revenues

70,086

23,945

45,364

-

-

-

-

-

Chemicals

-

-

-

3,025

888

391

6,790

8,017

Equipment sales

-

-

-

46,949

60,099

12,044

5,747

7,584

Consulting services and other

-

-

-

648

1,752

4,488

749

715

Total revenues

-

-

-

50,622

62,739

16,923

13,286

16,316

Operating expenses:
Chemicals cost of revenue, exclusive of depreciation and amortization

-

-

-

1,700

601

140

3,827

5,125

Equipment sales cost of revenue, exclusive of depreciation and amortization

-

-

-

37,741

45,433

9,277

9,459

5,540

Consulting services and other cost of revenue, exclusive of depreciation and amortization

-

-

-

376

1,518

2,203

382

414

Payroll and benefits

10,094

10,639

7,669

12,390

23,589

20,767

16,228

11,463

Operating Leases, Rent Expense

-

-

795

2,168

3,309

2,468

2,128

1,592

Legal and professional fees

9,948

8,552

4,354

8,293

16,604

14,430

4,534

2,717

General and administrative

8,123

4,178

4,014

3,721

6,104

6,066

4,101

3,159

Research and development, net

-

-

-

-648

5,362

1,521

3,237

252

Depreciation, amortization, depletion and accretion

7,371

723

789

979

2,019

1,865

1,648

903

Total operating expenses

84,979

30,345

49,506

66,720

104,539

58,737

45,544

31,165

Operating loss

-14,893

-6,400

-4,142

-16,098

-41,800

-41,814

-32,258

-14,849

Other income (expense):
Income (Loss) from Equity Method Investments

69,176

54,208

53,843

45,584

8,921

42,712

15,502

813

Royalties, related party

-

-

-

6,125

10,642

6,410

2,505

1,446

Interest income

-

-

54

268

24

74

109

308

Interest expense

7,174

2,151

3,024

5,066

8,402

5,725

1,338

798

Litigation settlement and royalty indemnity expense, net

-

-

3,269

3,464

0

0

-

-

Other

427

220

2,025

2,463

494

26

-44

-35

Total other income

62,429

52,277

56,167

52,838

11,679

43,497

16,734

1,734

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

47,536

45,877

52,025

36,740

-30,121

1,683

-15,524

-13,115

Income tax expense

11,999

10,423

24,152

-60,938

20

296

463

14

Net Income (Loss) Attributable to Parent

35,537

35,454

27,873

97,678

-30,141

1,387

-15,987

-13,129

(Loss) earnings per common share (Note 1):
Basic (in dollars per share)

1.96

1.78

1.30

4.40

-1.37

0.06

-0.78

-0.65

Diluted (in dollars per share)

1.93

1.76

1.29

4.34

-1.37

0.06

-0.78

-0.65

Weighted-average number of common shares outstanding:
Basic (in shares)

18,154

19,901

21,367

21,931

21,773

21,554

20,103

19,829

Diluted (in shares)

18,372

20,033

21,413

22,234

21,773

22,079

20,103

19,829

Common Stock, Dividends, Per Share, Declared

-

-

0.75

0.00

0.00

-

-

-

Consumables
Revenue from Contract with Customer, Including Assessed Tax

53,187

8,733

4,246

-

-

-

-

-

Cost of Goods and Services Sold

49,443

6,606

3,434

-

-

-

-

-

License royalties, related party
Total revenues

16,899

15,140

9,672

-

-

-

-

-

Other
Revenue from Contract with Customer, Including Assessed Tax

0

72

31,446

-

-

-

-

-

Cost of Goods and Services Sold

0

-353

28,451

-

-

-

-

-