ATN INTERNATIONAL, INC. ATNI Income Statement

Atn international, inc. (ATNI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
REVENUE:
Total Revenue
110,905	-	-	-	103,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
-	-	115,616	107,721	-	107,806	121,138	117,788	104,475	107,701	122,132	123,245	128,115	128,531	138,795	99,991	89,686	82,917	96,782	90,326	85,344	88,511	89,393	83,269	75,174	77,027	79,350	71,626	64,832	-164,099	73,312	185,496	183,087	-313,446	194,346	193,753	188,154	204,960	164,689
OPERATING EXPENSES (excluding depreciation and amortization unless otherwise indicated):
Termination and access fees
28,113	29,503	27,622	27,930	27,888	30,441	29,866	28,257	25,914	26,145	30,554	30,922	33,003	48,570	34,359	23,797	19,717	17,809	20,275	19,525	20,197	22,992	19,321	19,713	15,862	29,391	14,112	13,601	13,055	-37,177	14,435	38,994	40,562	-97,396	48,764	54,539	51,774	53,031	44,590
Engineering and operations
18,489	19,415	20,095	19,107	19,032	18,293	18,177	18,409	18,152	16,701	18,852	19,378	19,683	19,793	19,372	10,739	10,510	12,357	11,206	8,363	7,656	6,877	7,525	6,922	9,630	-436	9,509	9,182	9,658	-14,299	9,903	22,469	21,945	-30,275	20,165	21,897	21,905	22,347	17,893
Sales, marketing and customer service
9,504	9,681	9,785	9,874	9,390	9,237	8,995	8,413	8,562	8,980	8,440	8,729	9,035	8,439	8,377	7,681	5,756	7,336	6,406	4,895	5,261	5,524	5,827	5,293	5,020	4,580	4,370	4,787	4,489	-48,349	4,299	31,026	32,005	-81,642	33,965	36,079	31,830	36,333	23,804
Equipment expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,390	4,133	3,229	4,551	3,591	2,833	3,828	4,426	2,924	3,273	2,715	4,963	2,549	2,834	2,667	-32,833	3,129	22,393	20,692	-44,710	14,379	18,486	21,582	27,907	17,585
General and administrative
24,923	25,018	25,110	26,590	23,816	26,763	25,210	26,754	25,540	25,267	26,660	26,011	24,356	27,907	26,854	19,298	16,372	15,269	15,654	14,192	14,321	13,028	12,823	13,185	13,698	10,210	13,827	13,120	11,909	-7,017	12,952	20,966	22,724	-35,351	25,014	30,775	25,615	27,495	23,460
Transaction-related charges
44	155	21	28	40	1,999	178	438	27	123	61	148	677	1,908	2,091	10,410	3,655	4,330	2,536	137	179	2,619	-27	346	21	39	2,610	0	63	0	2	0	5	108	98	316	250	47	11,041
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
22,518	24,255	22,603	21,549	20,718	21,117	21,384	21,913	21,305	21,029	21,157	22,254	22,494	23,067	21,866	16,493	14,554	13,077	14,590	14,472	14,751	13,482	12,842	12,930	11,980	12,219	12,335	12,195	11,988	-15,440	12,421	26,582	27,024	-25,654	26,712	25,384	24,808	23,974	18,542
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	349	11,076	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,304	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,024
Loss on disposition of long-lived assets
-15	-2,518	-132	111	-302	10,880	13,496	2,333	-284	417	593	0	-1,111	-	-56	29	-	-	-	2,823	-	-	-	-	-	0	0	0	1,076	-	-	-	-	-	2,397	-	-	-	-
Loss on damaged assets and other hurricane related charges, net of insurance recovery
-	-	-	-	-	84	0	184	482	-	36,566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
103,606	113,824	105,368	104,967	101,186	97,569	90,314	102,035	100,266	66,387	141,697	107,442	110,359	117,147	116,714	98,079	73,793	74,729	74,258	61,594	66,193	68,948	61,235	61,662	58,926	60,966	59,312	55,719	52,753	-163,370	57,141	162,430	164,957	-312,495	166,700	187,476	177,764	191,134	156,915
Income from operations
7,299	-1,739	10,248	2,754	2,114	10,237	30,824	15,753	4,209	41,314	-19,565	15,803	17,756	11,384	22,081	1,912	15,893	8,188	22,524	28,732	19,151	19,563	28,158	21,607	16,248	16,061	20,038	15,907	12,079	-729	16,171	23,066	18,130	-951	27,646	6,277	10,390	13,826	7,774
OTHER INCOME (EXPENSE)
Interest income
243	404	414	517	928	390	568	487	366	527	453	347	286	310	236	345	348	309	70	44	165	-	-	-	-	-	-	-	-	-	-	94	93	-	99	201	380	90	84
Interest expense
1,156	1,168	1,298	1,263	1,281	1,213	2,229	2,327	2,204	2,271	2,098	2,153	2,316	1,688	1,787	1,061	826	5,610	-865	-786	-779	1,427	-13	-20	-186	24,912	-7,141	-2,722	-2,264	-24,662	2,985	3,998	3,970	-29,602	4,320	4,351	4,072	3,202	2,387
Loss on interest rate derivative contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,675	-	-	-	-	-	-	-	-	-	-	-	-
Loss on deconsolidation of subsidiary
-	-	-	-	-	-	-	-	-	0	0	0	-529	-	-	-	-	-19,900	19,900	0	-19,937	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of an unconsolidated affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	930	1,402	-	729	239	516	166	290
Other expenses
-2,901	-1,804	-2,686	-255	187	1,923	-1,244	-1,045	-753	1,626	-650	-492	-485	-2,416	766	-137	14	14	53	36	32	710	338	73	-109	-72	-226	13	14	2,101	49	-346	63	-1,062	255	4	595	204	226
Other income (expense), net
-3,814	-2,568	-3,570	-1,001	-166	1,100	-2,905	-2,885	-2,591	-118	-2,295	-2,298	-3,044	-3,794	-785	-853	-464	-427	-742	-706	-20,519	509	325	53	-295	389	-13,042	-2,709	-2,250	-3,174	-2,936	-3,320	-2,412	-7,342	-3,237	-3,907	-2,581	-2,742	25,237
INCOME BEFORE INCOME TAXES
3,485	-4,307	6,678	1,753	1,948	11,337	27,919	12,868	1,618	41,196	-21,860	13,505	14,712	7,590	21,296	1,059	15,429	7,761	21,782	28,026	-1,368	20,072	28,483	21,660	15,953	16,450	6,996	13,198	9,829	-3,903	13,235	19,746	15,718	-8,293	24,409	2,370	7,809	11,084	33,011
Income tax provisions
1,109	1,332	1,834	-274	1,213	5,851	7,010	2,088	3,921	-6,181	-884	2,596	3,128	3,982	9,602	2,945	4,631	1,481	10,134	13,008	-486	5,689	9,569	7,338	5,552	-1,758	2,481	4,868	3,945	1,926	4,145	7,979	6,781	-1,455	11,193	1,052	3,830	5,022	7,969
INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,280	11,648	15,018	-882	14,383	18,914	14,322	10,401	18,208	4,515	8,330	5,884	-	9,090	-	-	-	-	-	-	-	-
INCOME FROM DISCONTINUED OPERATIONS:
Gain on sale of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	305,197	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	702	0	0	390	-	-	-	-	-	303,237	-	-	-	8,922	-	-	-	-	-	-	-	-
NET INCOME
2,376	-5,639	4,844	2,027	735	5,486	20,909	10,780	-2,303	47,377	-20,976	10,909	11,584	3,608	11,694	-1,886	10,798	6,982	11,648	15,018	-492	15,485	18,914	14,322	10,401	20,114	307,752	11,421	9,918	14,451	18,012	11,767	8,937	3,384	13,216	1,318	3,979	6,062	25,042
Net loss attributable to non-controlling interests, net of tax:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,055	2,945	1,934	1,055	-	1,681	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-116	630	87	-	365	-	-	-	-	-	-	-	-
Disposal of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,699	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interests, net of tax expense of $0.3 million and $0.4 million, respectively.
3,390	4,115	3,459	2,883	2,316	4,354	3,887	3,564	3,252	3,871	3,784	5,026	4,725	1,712	4,523	1,200	4,678	2,799	5,072	5,568	2,777	2,854	2,747	2,809	2,560	2,255	31,528	2,564	1,142	1,336	2,046	1,237	-384	-762	1,880	-497	-518	-303	238
NET LOSS ATTRIBUTABLE TO ATN INTERNATIONAL, INC. STOCKHOLDERS
-1,014	-9,754	1,385	-856	-1,581	1,132	17,022	7,216	-5,555	43,506	-24,760	5,883	6,859	1,896	7,171	-3,086	6,120	4,183	6,576	9,450	-3,269	12,631	16,167	11,513	7,841	17,859	276,224	8,857	8,776	13,115	15,966	10,530	9,321	4,146	11,336	1,815	4,497	6,365	24,804
NET LOSS PER WEIGHTED AVERAGE SHARE ATTRIBUTABLE TO ATN INTERNATIONAL, INC. STOCKHOLDERS:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.22	0.41	0.59	-0.23	0.72	1.02	0.72	0.50	1.02	0.10	0.41	0.31	-	0.48	-	-	-	-	-	-	-	-
Gain on sale of discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17.57	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05	0.00	0.00	0.02	-	-	-	-	-	17.45	-	-	-	0.55	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.12	0.16	0.25	-	0.55	-	-	-	-	-	-	-	-
Basic (in dollars per share)
-0.06	-0.62	0.09	-0.05	-0.10	0.07	1.07	0.45	-0.35	2.70	-1.53	0.36	0.42	0.12	0.44	-0.19	0.38	0.27	0.41	0.59	-0.21	0.79	1.02	0.72	0.50	1.17	17.55	0.57	0.56	0.84	1.03	0.68	0.60	0.27	0.74	0.12	0.29	0.41	1.62
NET INCOME PER WEIGHTED AVERAGE DILUTED SHARE ATTRIBUTABLE TO ATN INTERNATIONAL, INC. STOCKHOLDERS:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.22	0.41	0.59	-0.23	0.72	1.01	0.72	0.49	1.02	0.10	0.40	0.31	-	0.47	-	-	-	-	-	-	-	-
Gain on sale of discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17.45	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.05	0.00	0.00	0.02	-	-	-	-	-	17.33	-	-	-	0.55	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.12	0.16	0.25	-	0.55	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
-0.06	-0.62	0.09	-0.05	-0.10	0.08	1.06	0.45	-0.35	2.69	-1.53	0.36	0.42	0.12	0.44	-0.19	0.38	0.27	0.41	0.59	-0.21	0.79	1.01	0.72	0.49	1.16	17.43	0.56	0.56	0.84	1.02	0.67	0.60	0.27	0.73	0.12	0.29	0.41	1.60
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)
16,001	15,934	16,000	15,997	16,001	16,013	15,958	15,962	16,019	16,022	16,178	16,195	16,157	16,139	16,148	16,145	16,092	16,062	16,049	16,038	15,939	15,924	15,923	15,915	15,830	15,784	15,738	15,706	15,588	15,573	15,560	15,535	15,456	15,405	15,401	15,394	15,384	15,349	15,300
Diluted (in shares)
16,001	15,927	16,007	15,997	16,001	16,118	16,021	16,010	16,019	16,142	16,178	16,274	16,246	16,324	16,241	16,145	16,198	16,314	16,165	16,150	15,939	16,049	16,030	16,023	15,950	15,907	15,845	15,821	15,695	15,662	15,651	15,609	15,554	15,509	15,489	15,497	15,485	15,502	15,478
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK (in dollars per share)
0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.34	0.34	0.34	0.34	0.32	0.32	0.32	0.32	0.29	0.29	0.29	0.29	0.27	0.27	0.27	0.27	0.25	0.25	0.25	0.25	0.23	0.23	0.23	0.23	0.22	0.22	0.22	0.20
Communication services
Total Revenue
107,896	-	-	-	100,465	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Total Revenue
3,009	-	-	-	2,835	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wireless
Total revenue
-	-	54,555	46,996	-	45,777	52,003	50,496	50,548	56,725	60,305	56,546	58,925	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wireline
Total revenue
-	-	59,623	59,276	-	57,143	63,717	61,269	48,096	45,049	56,817	61,802	64,159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Renewable Energy
Total revenue
-	-	1,438	1,449	-	4,886	5,418	6,023	5,831	5,927	5,010	4,897	5,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-