Advanced emissions solutions, inc. (ADES)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Sep'12Jun'12
Revenues:
Total revenues

63,020

70,086

64,665

50,679

39,375

23,945

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Chemicals

-

-

-

-

-

-

-

-

-

-

-

-

4,872

3,025

1,762

1,224

954

888

-2,286

-919

10

391

4,103

5,273

6,219

6,790

0

0

0

-

-

License royalties, related party

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

30,330

46,949

57,469

54,688

60,711

60,099

49,988

45,396

32,956

12,044

9,954

3,015

5,349

5,747

0

0

0

-

-

Consulting services and other

-

-

-

-

-

-

-

-

-

-

-

-

-

648

989

1,483

1,674

1,752

5,529

4,941

4,731

4,488

400

567

540

749

0

0

0

-

-

Refined coal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Emission control

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

CO2 capture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

37,409

50,622

60,220

57,395

63,339

62,739

53,231

49,418

37,697

16,923

14,457

8,855

12,108

13,286

86,411

135,452

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

3,316

1,700

895

531

317

601

-957

-358

255

140

1,852

2,927

3,537

3,827

0

0

0

-

-

Equipment sales cost of revenue, exclusive of depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

24,850

37,741

41,945

39,155

47,416

45,433

41,000

36,823

24,204

9,277

7,466

5,774

7,862

9,459

76,202

114,065

0

0

0

Emission control

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

376

723

1,228

1,415

1,518

3,189

2,669

2,425

2,203

156

231

262

382

777

713

0

0

0

Payroll and benefits

10,280

10,094

11,116

11,020

10,981

10,639

9,303

8,427

7,701

7,669

7,717

8,847

10,770

12,390

15,054

16,690

22,480

23,589

24,575

26,568

21,431

20,767

20,711

17,737

16,706

16,228

0

0

0

-

-

Operating Leases, Rent Expense

-

-

-

-

-

-

-

-

-

795

1,189

1,442

1,819

2,168

3,015

3,103

3,072

3,309

2,512

2,583

2,540

2,468

2,301

2,154

2,160

2,128

0

0

0

-

-

Legal and professional fees

9,787

9,948

10,621

9,564

9,208

8,552

4,497

4,861

4,867

4,354

5,029

5,582

6,345

8,293

11,638

13,447

15,852

16,604

18,488

18,624

16,732

14,430

8,713

6,129

4,950

4,534

0

0

0

-

-

Total cost of revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Gross Margin before Depreciation and Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

General and administrative

8,540

8,123

8,551

6,249

4,922

4,178

4,340

4,620

3,921

4,014

3,584

3,288

4,239

3,721

4,379

4,810

4,967

6,104

6,719

6,898

6,802

6,066

5,503

4,914

4,507

4,101

7,752

10,953

0

0

0

Research and development, net

-

-

-

-

-

-

-

-

-

-

-

-

-658

-648

-437

2,109

4,314

5,362

5,781

4,036

2,492

1,521

1,178

1,874

2,094

3,237

3,813

3,458

0

0

0

Depreciation, amortization, depletion and accretion

7,566

7,371

5,363

3,394

2,709

723

364

377

423

789

1,074

1,125

1,230

979

979

1,369

1,719

2,019

2,134

2,075

1,958

1,865

1,818

1,783

1,696

1,648

2,432

3,179

0

0

0

Total operating expenses

82,999

84,979

78,022

61,613

47,618

30,345

21,421

22,544

44,017

49,506

53,519

65,904

52,152

66,720

78,191

82,442

101,552

104,539

103,441

99,918

78,839

58,737

49,698

43,523

43,774

45,544

42,638

35,301

0

0

0

Operating loss

-19,979

-14,893

-13,357

-10,934

-8,243

-6,400

-4,311

-5,483

-3,898

-4,142

-8,342

-10,115

-14,743

-16,098

-17,971

-25,047

-38,213

-41,800

-50,210

-50,500

-41,142

-41,814

-35,241

-34,668

-31,666

-32,258

-26,623

-15,322

0

0

0

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

55,759

69,176

73,402

68,691

63,645

54,208

55,611

58,016

52,282

53,843

51,607

50,222

53,821

45,584

33,854

23,078

14,184

8,921

25,826

31,470

36,401

42,712

25,114

29,195

21,804

15,502

12,639

3,087

0

0

0

Royalties, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

6,125

6,798

8,007

9,637

10,642

9,920

8,922

7,472

6,410

5,004

3,459

2,966

2,505

0

0

0

-

-

Interest income

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

0

0

-

74

75

82

88

109

0

0

0

-

-

Other income including interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Interest expense

6,280

7,174

6,824

5,494

3,919

2,151

2,172

2,451

2,667

3,024

2,559

2,850

3,795

5,066

7,561

8,370

8,591

8,402

7,870

7,282

6,707

5,725

3,805

2,988

1,991

1,338

879

937

0

0

0

Revision in estimated royalty indemnity liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on settlement of note payable and licensed technology

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Other

400

427

416

290

264

220

-321

-1,331

-858

2,025

1,018

3,220

2,434

2,463

4,408

3,053

3,355

494

48

116

94

26

-14

6

-48

-44

0

0

0

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Total other income

49,879

62,429

66,994

63,487

59,990

52,277

56,441

57,557

52,080

56,167

56,001

58,591

61,128

52,838

37,515

25,786

18,609

11,679

27,946

33,260

37,307

43,497

26,374

29,754

22,819

16,734

12,763

1,964

0

0

0

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

29,900

47,536

53,637

52,553

51,747

45,877

52,130

52,074

48,182

52,025

47,659

48,476

46,385

36,740

19,544

739

-19,604

-30,121

-22,264

-17,240

-3,835

1,683

-8,867

-4,914

-8,847

-15,524

-13,860

-13,358

0

0

0

Income tax expense

10,658

11,999

20,200

17,536

9,553

10,423

16,689

16,344

21,335

24,152

-49,059

-52,062

-55,605

-60,938

604

65

29

20

292

361

327

296

302

200

259

463

316

305

0

0

0

Net Income (Loss) Before Non-controlling Interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

(Income) Loss Attributable to Non-controlling Interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net Income (Loss) Attributable to Parent

19,242

35,537

33,437

35,017

42,194

35,454

35,441

35,730

26,847

27,873

96,718

100,538

101,990

97,678

18,940

674

-19,633

-30,141

-22,556

-17,601

-4,162

1,387

-9,169

-5,114

-9,106

-15,987

-14,056

-15,710

0

0

0

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

-0.11

0.50

0.22

0.45

0.79

0.37

0.28

0.76

0.37

0.34

0.28

0.29

0.39

3.40

0.44

0.36

0.20

-0.12

-0.40

-0.57

-0.28

0.21

-0.17

0.05

-0.03

-0.27

0.02

-0.15

-0.38

-0.39

-

Diluted (in dollars per share)

-0.11

0.50

0.21

0.44

0.78

0.36

0.28

0.75

0.37

0.33

0.28

0.29

0.39

3.36

0.43

0.35

0.20

-0.12

-0.40

-0.57

-0.28

0.22

-0.17

0.04

-0.03

-0.27

0.02

-0.15

-0.38

-0.39

-

Weighted-average number of common shares outstanding:
Net Loss Per Common Share  Basic and Diluted Attributable to ADA-ES, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.13

Basic (in shares)

17,932

18,064

18,112

18,172

18,268

19,314

19,726

20,062

20,502

20,738

20,808

21,866

22,056

22,260

21,740

21,875

21,849

21,994

21,687

21,715

21,696

21,738

21,536

21,477

21,465

20,660

19,937

19,916

19,899

10,017

10,002

Diluted (in shares)

17,932

18,339

18,339

18,377

18,433

19,477

19,876

20,195

20,584

20,675

20,854

21,880

22,243

22,475

22,098

22,187

22,176

21,994

21,687

21,715

21,696

23,280

21,536

22,035

21,465

20,124

20,473

19,916

19,899

10,017

-

Common Stock, Dividends, Per Share, Declared

-

-

-

-

-

-

-

-

-

0.25

0.25

0.25

0.00

-

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consumables
Total revenues

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consumables cost of revenue, exclusive of depreciation and amortization

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

License royalties, related party
Total revenues

15,725

16,899

17,079

16,798

16,130

15,140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product and Service, Other [Member]
Total revenues

-

-

0

0

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

-

-

0

0

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-