Blueknight Energy Partners, L.P. BKEPP Income Statement

Blueknight energy partners, l.p. (BKEPP)

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 from contract with customer
64,358	75,556	74,885	79,445	79,029	-	115,902	65,781	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	272	455	-	-	-	-	-	-	-	-	-	-	-
Third-party revenue
-	-	-	-	-	-	-	-	17,318	26,329	30,635	28,145	28,663	29,506	35,600	30,854	30,255	32,543	36,360	36,389	32,123	31,492	38,501	35,197	34,236	37,415	39,270	34,174	32,057	29,853	34,797	32,912	33,134	29,356	35,124	32,670	31,954	-	-
Third party revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,113	32,820
Related-party revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	11,606	5,734	5,862	7,009	7,828	10,857	10,185	10,233	10,125	9,857	10,600	12,206	12,373	15,399	11,504	12,479	13,535	12,329	10,846	11,443	12,712	11,387	10,421	9,569	6,943	5,623
Related-party revenue
-	-	-	-	-	-	-	-	6,321	-	14,464	13,505	13,642	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease revenue
14,752	-	-	9,819	14,703	-	-	10,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Third-party revenue
-	-	-	-	-	-	-	-	9,804	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related-party revenue
-	-	-	-	-	-	-	-	7,703	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Third-party revenue
-	-	-	-	-	-	-	-	3,514	2,842	2,375	2,227	4,035	4,909	5,605	6,709	3,745	3,511	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related-party revenue
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenue
79,110	91,506	91,756	94,076	93,732	123,524	133,158	83,493	44,660	44,248	47,474	43,877	46,340	46,021	46,939	43,425	41,009	43,882	47,217	46,574	42,356	46,029	48,358	45,797	46,442	49,788	54,669	45,678	44,536	43,388	47,126	43,758	44,577	42,068	46,511	43,091	41,523	38,056	38,443
Costs and expenses:
Asset impairment expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123	-	-	-	-	-	-	-	-	-	-	-	-
Operating expense
24,939	-36,044	25,168	86,922	27,243	-29,155	27,174	77,262	38,609	40,700	35,148	36,618	39,658	42,616	33,645	58,787	35,963	60,344	36,420	38,050	37,363	36,348	36,562	38,846	39,987	42,371	36,781	36,313	36,151	39,042	36,146	34,904	34,391	30,400	33,439	34,959	33,244	27,324	27,542
Operating Costs and Expenses
-	-	-	25,915	-	-	-	28,988	31,135	31,909	29,380	30,610	31,906	30,774	25,267	27,290	27,760	30,527	31,678	33,383	32,386	31,914	32,295	34,475	35,500	38,171	32,132	31,823	31,484	30,913	32,027	30,518	29,288	27,153	28,760	30,182	28,636	23,441	-24,157
Cost, Direct Material
-	-	-	20,510	-	-	-	20,041	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of product sales from related party
-	-	-	-	-	-	-	-	2,637	2,324	1,675	1,669	3,139	3,341	3,513	4,089	3,187	3,231	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of product sales
-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expense
3,540	3,600	3,840	2,962	3,693	2,966	4,322	4,486	4,221	4,112	4,093	4,322	4,585	5,585	4,865	4,834	4,745	4,590	4,742	4,667	4,977	4,373	4,267	4,371	4,487	3,676	4,649	4,490	4,667	6,187	4,119	4,386	5,103	3,247	4,679	4,777	4,608	3,883	-3,385
Asset impairment expense
5,122	160	83	1,114	1,119	52,437	15	0	616	2,355	0	17	28	2,916	0	22,574	271	21,996	0	0	0	-	-	-	-	-	-	-	-	-	95	-	-	-	-	-	-	-	-
Total costs and expenses
76,076	-	80,754	-	87,416	-	126,432	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on sale of assets
-185	-	-40	-	1,724	-	-63	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	81	-	-	-	599	-236	-	-107	-754	-125	-	104	14	-33	-	6,213	-40	304	-	808	575	397	352	598	339	-216	2,007	46	263	4,955	1,156	1,143	687	22	-	-
Operating income
2,849	7,945	10,962	7,235	8,040	-46,522	6,663	6,830	5,815	3,559	12,219	6,505	6,557	3,428	13,398	-15,348	5,013	-16,802	17,010	8,484	5,297	10,365	12,604	7,526	6,852	7,892	18,363	9,704	8,169	6,448	10,931	9,117	15,141	11,957	14,215	8,819	8,301	10,732	10,901
Other income (expenses):
Other income
558	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Income
-	-	-	268	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
-	-	-	-	-	-	-	-	-	0	0	0	61	397	305	157	624	594	1,399	1,283	656	406	423	258	-204	-177	-151	-118	-56	0	0	0	0	-	-	-	-	-	-
Gain on sale of unconsolidated affiliate
-	-	-	0	-	0	0	0	2,225	53	1,112	4,172	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
3,399	3,581	3,989	4,134	4,271	4,177	4,090	5,024	3,569	3,232	3,500	4,265	3,030	1,812	2,175	3,697	4,870	625	4,343	1,951	4,283	3,942	1,640	4,031	2,655	2,427	1,897	4,559	2,732	2,828	2,909	2,897	3,071	5,614	9,120	9,112	9,052	13,530	13,549
Change in fair value of embedded derivative within convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	15,358	-3,431	8,297	0	0
Change In Fair Value Of Rights Offering Liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	8,224	-1,544	-4,842	0	-
Income before income taxes
8	4,364	6,973	3,369	3,769	-50,699	2,573	1,806	4,471	380	9,831	6,412	3,588	2,013	11,528	-18,888	767	-16,833	14,066	7,816	1,670	8,908	11,387	3,753	3,993	5,288	16,315	5,027	5,381	3,620	8,022	6,220	12,070	-	-	-	-	-	-
Change in fair value of rights offering contingency
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Income (loss) before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,677	-5,268	2,704	-2,798	-2,648
Provision for income taxes
8	24	14	13	12	-17	165	21	29	19	60	41	46	62	109	48	41	27	99	106	91	118	116	134	101	141	285	93	74	54	115	73	76	68	72	77	70	50	53
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,147	16,030	4,934	5,307	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (including asset impairment expense of $6,353 for the year ended December 31, 2013) (See Note 5)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	160	-5,489	1,231	715	-	-	-	-	-	-	-	-	-	-
Net income
-	4,340	6,959	3,356	3,757	-50,682	2,408	1,785	4,442	361	9,771	6,371	3,542	1,951	11,419	-18,936	726	-16,860	13,967	7,710	1,579	8,790	11,271	3,619	3,892	5,307	10,541	6,165	6,022	5,517	7,907	6,147	11,994	7,581	28,605	-5,345	2,634	-2,848	-2,701
Allocation of net income(loss) for calculation of earnings per unit:
General partner interest in net income(loss)
-	289	-110	53	105	-732	-39	28	231	167	312	256	209	143	341	-195	144	-166	376	241	103	205	247	96	93	111	220	129	187	115	165	186	308	159	643	-46	156	-57	-54
Preferred interest in net income
6,279	6,279	6,278	6,279	6,279	6,279	6,279	6,279	6,278	6,278	6,279	6,279	6,279	8,765	6,279	5,389	5,391	5,391	5,391	5,391	5,391	5,390	5,391	5,391	5,391	5,391	5,391	5,391	5,391	-	5,391	5,391	-	-	-	-	-	-	-
Preferred interest in net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,391	-	2,975	2,975	5,174	0	0
Beneficial conversion feature attributable to preferred units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,853	10,198	11,141	11,021	10,899	0	0
Net loss available to limited partners
-6,279	-2,008	571	-2,976	-2,627	-56,151	-3,910	-4,522	-2,067	-6,084	3,180	-164	-2,946	-6,957	4,799	-24,130	-4,809	-22,085	8,200	2,078	-3,915	3,195	5,633	-1,868	-1,592	-195	4,930	645	444	11	2,351	570	4,442	-1,074	13,846	-19,295	-13,595	-2,791	-2,647
Basic and diluted net loss per common unit (in dollars per share)
-0.15	-	0.01	-	-0.06	-	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Per Outstanding Limited Partnership and General Partnership Unit, Basic and Diluted, Net of Tax
-	-	-	-0.07	-	-	-	-0.11	-0.05	-0.15	0.08	0.00	-0.08	-	0.13	-0.71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Basic and Diluted
-	-	-	40,715	-	-	-	40,324	40,289	38,878	38,189	38,155	38,146	-	36,036	33,206	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and diluted net income (loss) per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02	0.44	-0.02	-0.01	-	-	-	-	-	-	-	-	-	-
Basic and diluted loss from discontinued operations per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-0.23	0.05	0.03	-	-	-	-	-	-	-	-	-	-
Basic net loss per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.14	-	0.24	0.06	-0.12	-	0.23	-0.08	-0.07	-0.01	0.21	0.03	0.02	-	0.10	0.02	-	-	-	-	-	-	-
Diluted net income from continuing operations per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.29	-0.02	-0.01	-	-	-	-	-	-	-	-	-	-
Diluted net loss from discontinued operations per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.10	0.05	0.03	-	-	-	-	-	-	-	-	-	-
Diluted net loss per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.14	-	0.21	-	-0.12	-	0.20	-	-	-	0.19	0.03	-	-	0.10	0.02	-	-	-	-	-	-	-
Diluted net income (loss) per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	-	-	-	-	-	-	-	-	-	-
Basic and diluted net income (loss) per common unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.38	-0.55	-0.39	-0.08	-0.08
Basic and diluted net loss per subordinated unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.42	-0.55	-0.39	-0.08	-0.08
Weighted average common units outstanding - basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,176	-	32,947	32,915	32,894	32,946	23,909	22,925	22,900	22,771	22,697	22,681	22,675	22,664	22,670	22,670	22,660	-	-	-	-	-	-
Weighted average common units outstanding - diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,176	-	63,875	-	32,894	-	54,927	-	-	-	53,718	22,681	22,675	-	22,670	22,670	22,660	-	-	-	-	-	-
Weighted average common units outstanding - basic and diluted (in shares)
41,015	-	40,811	-	40,678	-	40,380	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,890	21,890	21,890	21,728	21
Weighted Average Subordinated Partnership Units Outstanding Basic And Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-122	10,248	12,571	12,571	12,571	12
Service [Member]
Revenue from contracts with customers
-	-	-	15,727	-	-	-	14,103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product [Member]
Revenue from contracts with customers
-	-	-	59,636	-	-	-	45,615	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Third Party [Member]
Lease revenue
9,831	-	11,444	-	9,763	-	11,368	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of product sales
14,221	-	18,972	-	24,587	-	50,815	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related Party [Member]
Lease revenue
4,921	-	5,427	-	4,940	-	5,406	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of product sales
28,254	-	32,691	-	30,774	-	44,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Affiliated Entity [Member]
Lease revenue
-	-	-	4,812	-	-	-	7,475	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost, Direct Material
-	-	-	36,421	-	-	-	23,747	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-