Andeavor (ANDV) quarterly income statement covering the six quarters from March 2017 to June 2018, as reported to the SEC.
An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.
| Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues (a) | |||||||||||||||||||||
12,472,000 | 10,300,000 | 10,652,000 | 9,836,000 | 7,849,000 | 6,638,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Revenues (a) | 12,472,000 | 10,300,000 | 10,652,000 | 9,836,000 | 7,849,000 | 6,638,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Costs and Expenses | |||||||||||||||||||||
Cost of materials and other (excluding items shown separately below) (a) | |||||||||||||||||||||
10,235,000 | 8,609,000 | 9,087,000 | 7,750,000 | 6,217,000 | 5,426,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cost of materials and other (excluding items shown separately below) (a) | 10,235,000 | 8,609,000 | 9,087,000 | 7,750,000 | 6,217,000 | 5,426,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Lower of cost or market inventory valuation adjustment | |||||||||||||||||||||
- | - | - | -209,000 | 209,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Lower of cost or market inventory valuation adjustment | - | - | - | -209,000 | 209,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Operating expenses (excluding depreciation and amortization) | |||||||||||||||||||||
918,000 | 866,000 | 888,000 | 899,000 | 740,000 | 655,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Operating expenses (excluding depreciation and amortization) | 918,000 | 866,000 | 888,000 | 899,000 | 740,000 | 655,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Depreciation and amortization expenses | |||||||||||||||||||||
292,000 | 282,000 | 282,000 | 273,000 | 240,000 | 226,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation and amortization expenses | 292,000 | 282,000 | 282,000 | 273,000 | 240,000 | 226,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
General and administrative expenses | |||||||||||||||||||||
179,000 | 173,000 | 192,000 | 168,000 | 247,000 | 135,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
General and administrative expenses | 179,000 | 173,000 | 192,000 | 168,000 | 247,000 | 135,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
(Gain) loss on asset disposals and impairments | |||||||||||||||||||||
-1,000 | - | -45,000 | -1,000 | 22,000 | -1,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
(Gain) loss on asset disposals and impairments | -1,000 | - | -45,000 | -1,000 | 22,000 | -1,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Operating Income | |||||||||||||||||||||
847,000 | 370,000 | 158,000 | 954,000 | 218,000 | 195,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Operating Income | 847,000 | 370,000 | 158,000 | 954,000 | 218,000 | 195,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest and financing costs, net | |||||||||||||||||||||
109,000 | 102,000 | 148,000 | 97,000 | 96,000 | 98,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest and financing costs, net | 109,000 | 102,000 | 148,000 | 97,000 | 96,000 | 98,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest income | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest income | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity in earnings of equity method investments | |||||||||||||||||||||
11,000 | 10,000 | 9,000 | 11,000 | 3,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Equity in earnings of equity method investments | 11,000 | 10,000 | 9,000 | 11,000 | 3,000 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other income, net | |||||||||||||||||||||
- | 10,000 | -22,000 | -1,000 | 18,000 | 11,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other income, net | - | 10,000 | -22,000 | -1,000 | 18,000 | 11,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Earnings Before Income Taxes | |||||||||||||||||||||
749,000 | 288,000 | -3,000 | 867,000 | 143,000 | 108,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Earnings Before Income Taxes | 749,000 | 288,000 | -3,000 | 867,000 | 143,000 | 108,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Foreign currency exchange loss | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Foreign currency exchange loss | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest income and other | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest income and other | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income tax expense | |||||||||||||||||||||
167,000 | 59,000 | -911,000 | 274,000 | 56,000 | 21,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income tax expense | 167,000 | 59,000 | -911,000 | 274,000 | 56,000 | 21,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Earnings from Continuing Operations | |||||||||||||||||||||
582,000 | 229,000 | 908,000 | 593,000 | 87,000 | 87,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Earnings from Continuing Operations | 582,000 | 229,000 | 908,000 | 593,000 | 87,000 | 87,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Earnings from discontinued operations, net of tax | |||||||||||||||||||||
- | 8,000 | - | 8,000 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Earnings from discontinued operations, net of tax | - | 8,000 | - | 8,000 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Earnings | |||||||||||||||||||||
582,000 | 237,000 | 908,000 | 601,000 | 87,000 | 87,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Earnings | 582,000 | 237,000 | 908,000 | 601,000 | 87,000 | 87,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Less: Net earnings from continuing operations attributable to noncontrolling interest | |||||||||||||||||||||
67,000 | 65,000 | 29,000 | 42,000 | 47,000 | 37,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Less: Net earnings from continuing operations attributable to noncontrolling interest | 67,000 | 65,000 | 29,000 | 42,000 | 47,000 | 37,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Earnings Attributable to Andeavor | |||||||||||||||||||||
515,000 | 172,000 | 879,000 | 559,000 | 40,000 | 50,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Earnings Attributable to Andeavor | 515,000 | 172,000 | 879,000 | 559,000 | 40,000 | 50,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Earnings Attributable to Andeavor | |||||||||||||||||||||
Continuing operations | |||||||||||||||||||||
515,000 | 164,000 | 879,000 | 551,000 | 40,000 | 50,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Continuing operations | 515,000 | 164,000 | 879,000 | 551,000 | 40,000 | 50,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Discontinued operations | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Discontinued operations | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Discontinued operations | |||||||||||||||||||||
- | 8,000 | - | 8,000 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Discontinued operations | - | 8,000 | - | 8,000 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Earnings Attributable to Andeavor | |||||||||||||||||||||
515,000 | 172,000 | 879,000 | 559,000 | 40,000 | 50,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Earnings Attributable to Andeavor | 515,000 | 172,000 | 879,000 | 559,000 | 40,000 | 50,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Earnings per Share - Basic | |||||||||||||||||||||
Continuing operations | |||||||||||||||||||||
3.41 | 1.08 | 6.59 | 3.52 | 0.31 | 0.43 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Continuing operations | 3.41 | 1.08 | 6.59 | 3.52 | 0.31 | 0.43 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Discontinued operations | |||||||||||||||||||||
- | 0.05 | 0.01 | 0.05 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Discontinued operations | - | 0.05 | 0.01 | 0.05 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total | |||||||||||||||||||||
3.41 | 1.13 | 6.60 | 3.57 | 0.31 | 0.43 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total | 3.41 | 1.13 | 6.60 | 3.57 | 0.31 | 0.43 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Weighted average common shares outstanding - Basic | |||||||||||||||||||||
151,100 | 152,900 | 155,900 | 156,600 | 130,800 | 117,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Weighted average common shares outstanding - Basic | 151,100 | 152,900 | 155,900 | 156,600 | 130,800 | 117,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Earnings per Share - Diluted | |||||||||||||||||||||
Continuing operations | |||||||||||||||||||||
3.38 | 1.07 | 6.53 | 3.49 | 0.31 | 0.42 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Continuing operations | 3.38 | 1.07 | 6.53 | 3.49 | 0.31 | 0.42 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Discontinued operations | |||||||||||||||||||||
- | 0.05 | 0.01 | 0.05 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Discontinued operations | - | 0.05 | 0.01 | 0.05 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total | |||||||||||||||||||||
3.38 | 1.12 | 6.54 | 3.54 | 0.31 | 0.42 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total | 3.38 | 1.12 | 6.54 | 3.54 | 0.31 | 0.42 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Weighted average common shares outstanding - Diluted | |||||||||||||||||||||
152,600 | 153,800 | 157,600 | 157,800 | 131,700 | 118,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Weighted average common shares outstanding - Diluted | 152,600 | 153,800 | 157,600 | 157,800 | 131,700 | 118,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividends per Share | |||||||||||||||||||||
0.59 | 0.59 | 0.59 | 0.59 | 0.55 | 0.55 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividends per Share | 0.59 | 0.59 | 0.59 | 0.59 | 0.55 | 0.55 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Supplemental Information | |||||||||||||||||||||
Total comprehensive income | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total comprehensive income | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Less: Noncontrolling interest in comprehensive income | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Less: Noncontrolling interest in comprehensive income | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
COMPREHENSIVE INCOME ATTRIBUTABLE TO TESORO CORPORATION | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
COMPREHENSIVE INCOME ATTRIBUTABLE TO TESORO CORPORATION | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Includes excise taxes collected by our Marketing segment | |||||||||||||||||||||
- | - | 293,000 | 191,000 | 153,000 | 134,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Includes excise taxes collected by our Marketing segment | - | - | 293,000 | 191,000 | 153,000 | 134,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||