COMPASS DIVERSIFIED HOLDINGS CODI Income Statement

Compass diversified holdings (CODI)

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
Proceeds from sale of business
0	-	50,241	327,444	124,210	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net revenues
333,449	386,999	388,313	336,084	338,857	312,696	360,283	339,989	344,352	81,453	323,957	307,381	289,992	452,596	200,770	169,942	155,001	286,921	140,738	156,023	144,296	-67,872	120,975	269,084	246,048	-72,215	265,512	245,775	241,567	218,150	241,228	230,016	195,327	127,507	168,667	133,144	177,326	189,433	152,969
Cost of revenues
213,961	246,209	251,778	213,521	219,302	204,496	236,286	221,510	225,186	41,842	206,232	197,661	195,659	311,163	133,006	107,953	99,617	192,049	91,589	104,572	99,032	-54,466	81,133	186,542	169,696	-58,739	183,040	168,418	165,194	150,831	164,281	157,115	133,640	96,385	117,837	92,045	121,233	131,178	103,456
Service revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	51,515	44,234	38,286	-	44,092	43,702	35,129	48,122	20,318	0	0	-	-	-	-	-	-	-	-	-	-	-	-	271,334	251,353
Total net revenues
-	-	-	-	-	-	-	-	-	-	-	-	289,992	-	252,285	214,176	193,287	-	184,830	199,725	179,425	-19,750	141,293	269,084	246,048	-	-	-	-	-	-	-	-	-	-	-	-	460,767	404,322
Cost of service revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,864	29,553	29,551	-	28,671	31,936	27,823	34,633	14,120	0	0	-	-	-	-	-	-	-	-	-	-	-	-	230,058	215,174
Gross profit
119,488	140,790	136,535	122,563	119,555	108,200	123,997	118,479	119,166	39,611	117,725	109,720	94,333	103,366	82,415	76,670	64,119	60,379	64,570	63,217	52,570	83	46,040	82,542	76,352	-13,476	82,472	77,357	76,373	67,319	76,947	72,901	61,687	31,122	50,830	41,099	56,093	99,531	85,692
Operating expenses:
Staffing expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,089	20,300
Selling, general and administrative expense
83,800	91,445	82,027	80,312	81,397	67,695	79,577	81,513	91,300	22,414	80,804	79,575	78,723	77,128	53,648	44,767	42,287	33,118	36,310	33,945	33,026	4,710	29,227	48,080	46,173	-8,122	42,468	40,994	41,209	41,385	39,422	39,901	40,433	20,225	30,395	23,294	36,117	44,101	42,555
Supplemental put reversal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-61,303	8,912	6,396	9,604	5,029	2,902	-1,540	5,688	1,200	1,667	3,228	1,639	2,565
Management fees
8,620	8,678	8,874	8,521	10,957	11,114	10,768	10,799	10,762	7,535	8,277	8,183	7,848	8,012	8,435	6,588	6,371	5,886	6,373	6,666	6,733	6,363	5,751	5,023	4,735	4,140	4,892	4,434	4,316	4,339	4,429	4,333	4,532	4,451	4,792	3,496	3,544	4,010	3,709
Amortization expense
13,500	13,600	13,500	13,500	13,600	10,863	12,800	14,500	11,537	-4,556	14,167	14,779	10,310	11,103	8,423	8,163	7,380	6,456	7,259	7,224	7,822	3,459	4,577	7,678	7,349	-3,034	7,310	7,444	7,630	7,629	7,699	7,764	7,176	6,521	5,509	4,719	5,323	7,469	7,477
Goodwill, Impairment Loss
-	-	33,381	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment expense
-	-	-	-	-	-	-	-	-	0	0	0	8,864	16,000	0	0	0	-	-	258	8,907	-	0	0	0	-	0	900	-	-	-	-	-	20,069	0	0	7,700	42,435	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-551	-6,663	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
13,563	27,644	-1,267	20,208	13,611	18,495	20,864	11,702	5,567	14,253	14,477	7,183	-11,412	-10,867	11,358	10,489	8,081	24,084	14,628	15,124	-3,918	-14,449	6,485	21,761	18,095	-5,560	89,105	14,673	16,822	4,362	20,368	18,001	11,086	-25,832	8,934	7,923	181	-21,212	9,086
Other income (expense):
Interest expense, net
-8,597	-9,792	-11,525	-18,445	-18,454	-19,954	-15,635	-13,474	-6,182	-4,756	-6,945	-8,418	-7,136	-1,447	-4,376	-7,366	-11,462	-1,877	-11,205	-3,125	-9,717	-10,619	-7,059	-4,810	-4,572	-	-5,078	-4,188	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-	-	-5,038	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,143	-	-	0	-1,785	-	-	-856	-856	-	-	-	-	-	-	-
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment
0	7	-4,900	0	-5,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on deconsolidation of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	264,325	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	8	10	33	29	2	0	2	1	2
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,341	-	5,068	6,851	6,029	6,538	2,156	1,869	2,080	2,926	2,860
Amortization of debt issuance costs
525	689	770	928	927	927	927	953	1,098	1,062	1,004	1,003	933	936	687	570	570	561	561	545	545	545	545	583	570	570	542	526	485	485	485	485	356	408	542	542	459	493	418
Equity Method Investment, Realized Gain (Loss) on Disposal
-	-	-	-	-	-	0	0	0	-	0	0	-5,620	-	50,414	18,889	-10,623	-	11,784	11,181	-13,447	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
661	-972	-689	-90	-434	-2,075	511	-2,207	-1,374	-205	2,020	952	-22	-1,067	-3,271	-1,837	3,256	-1,341	-949	-43	10	-542	-425	106	184	-20	-75	-343	327	40	173	-128	-268	130	-78	13	-16	361	211
Income (loss) from continuing operations before income taxes
5,102	8,910	-24,182	745	-11,504	-5,205	4,813	-4,932	-3,087	8,261	8,548	-1,286	-25,123	1,493	53,438	19,605	-11,318	15,320	13,697	22,592	-27,617	-15,126	262,781	14,331	13,137	-10,923	83,410	7,831	11,325	-1,475	14,140	9,691	4,466	-35,255	6,160	5,525	-2,372	-24,269	6,021
Provision for income taxes
222	4,367	4,400	4,551	1,424	3,526	5,470	3,330	-1,860	-21,739	192	1,454	-3,648	-309	4,894	1,588	3,296	5,795	3,688	3,125	2,393	-6,406	3,676	2,012	5,764	1,903	5,114	5,875	7,699	3,950	7,361	5,659	4,099	-2,243	3,090	2,923	3,089	5,148	6,764
Income (loss) from continuing operations
4,880	4,543	-28,582	-3,806	-12,928	-8,731	-657	-8,262	-1,227	29,969	8,356	-2,740	-21,475	1,802	48,544	18,017	-14,614	9,525	10,009	19,467	-30,010	-	259,105	-	-	-	-	-	-	-5,425	6,779	4,032	367	-33,012	3,070	2,602	-5,461	-	-
Income from discontinued operations, net of income tax
0	0	0	15,474	1,427	2,170	6,423	7,630	-394	-	-	-	-	0	-455	1,341	-413	-9,784	4,934	7,108	4,723	-	3,425	-	-	-	-	-	-	0	0	-1,690	522	3,063	9,400	5,664	-1,106	-	-
Gain on sale of discontinued operations
0	-	2,039	206,505	121,659	-	0	1,165	0	-	0	0	340	-	2,134	0	0	-	151,075	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on classification as held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
4,880	5,353	-26,543	218,173	110,158	-6,468	5,766	533	-1,621	49,131	8,356	-2,740	-21,135	1,976	50,223	19,358	-15,027	-1,536	166,018	26,575	-25,287	8,933	262,530	12,319	7,373	-5,062	78,296	1,956	3,626	-5,206	6,445	2,212	889	58,643	12,470	8,266	-6,567	-29,417	-743
Less: Net income from continuing operations attributable to noncontrolling interest
1,215	1,545	1,242	1,387	1,368	2,684	688	1,486	359	5,753	650	1,372	470	212	682	-70	1,137	2,667	1,272	1,720	-526	959	1,388	6,600	2,714	2,658	4,909	2,525	2,032	1,512	2,959	2,361	1,676	1,081	2,587	1,096	877	642	717
Less: Net loss from discontinued operations attributable to noncontrolling interest
0	0	0	252	-518	-1,973	352	-45	361	-	-	-	-	0	-164	189	-141	-1,986	246	398	141	-	44	-	-	-	-	-	-	0	0	-225	-1	103	1,787	792	-470	-	-
Net income attributable to Holdings
3,665	3,808	-27,785	216,534	109,308	-7,179	4,726	-908	-2,341	46,002	7,706	-4,112	-21,605	1,764	49,705	19,239	-16,023	-2,217	164,500	24,457	-24,902	7,359	261,098	5,719	4,659	-6,348	73,387	-569	1,594	-6,718	3,486	76	-786	57,459	8,096	6,378	-6,974	-30,059	-1,460
Amounts attributable to common shares of Holdings:
Amounts attributable to Holdings
Income (loss) from continuing operations
3,665	2,998	-29,824	-5,193	-14,296	-11,415	-1,345	-9,748	-1,586	37,570	7,706	-4,112	-35,299	1,590	47,862	18,087	-15,751	-10,873	8,737	17,747	-29,484	-	257,717	-	-	-	-	-	-	-6,937	3,820	1,671	-1,309	-34,093	483	1,506	-6,338	-	-
Net Income (Loss) Available to Common Stockholders, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-34,959	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of income tax
0	0	0	15,222	1,945	4,143	6,071	7,675	-755	-	-	-	-	0	-291	1,152	-272	-7,798	4,688	6,710	4,582	-	3,381	-	-	-	-	-	-	0	0	-1,465	523	2,960	7,613	4,872	-636	-	-
Gain on sale of discontinued operations, net of income tax
0	810	2,039	206,505	121,659	93	0	1,165	0	0	0	0	340	174	2,134	0	0	-	151,075	-	-	-	0	-	-	-	-	-	-	-	-334	-130	-	-	0	0	-	-	-
Gain on sale of discontinued operations, net of income tax
0	810	2,039	206,505	121,659	93	0	1,165	0	0	0	0	340	174	2,134	0	0	-	151,075	-	-	-	0	-	-	-	-	-	-	-	-334	-130	-	-	0	0	-	-	-
Less: Distributions paid - Allocation Interests
-	-	-	-	-	-	-	-	-	-	-	25,766	13,354	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Distributions paid - Preferred Shares
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Holdings
-	-	-	-	-	-	-	-	-	-	-	-	-34,959	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Holdings
3,665	3,808	-27,785	216,534	109,308	-7,179	4,726	-908	-2,341	46,002	7,706	-4,112	-21,605	-	49,705	19,239	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,486	76	-786	57,459	8,096	6,378	-6,974	-30,059	-1,460
Basic income (loss) per common share attributable to Holdings (refer to Note I)
Basic and fully diluted income (loss) per share attributable to Holdings, continuing operations (usd per share)
-0.26	-	-1.33	-0.32	-0.34	-	-0.16	-0.25	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	-	-	-	-	-	-	-	0.08	0.03	-0.03	-	0.01	0.03	-	-	-
Basic and fully diluted income (loss) per share attributable to Holdings, discontinued operations (usd per share)
0.00	-	0.03	3.70	2.06	-	0.09	0.14	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	-	-	-	-	-	-	-	-0.01	-0.03	0.01	-	0.16	0.11	-	-	-
Earnings Per Share, Basic and Diluted
-0.26	-	-1.30	3.38	1.72	-	-0.07	-0.11	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and fully diluted income (loss) per share attributable to Holdings (refer to Note J) (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.11	0.08	-	1.50	-0.01	0.03	-	0.07	0.00	-0.02	-	0.17	0.14	-	-	-
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.14	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-
Basic and fully diluted income(loss) per share attributable to Holdings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.15	-	-
Basic and fully diluted income (loss) per share attributable to Holdings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.72	-0.04
Weighted average number of shares of trust stock outstanding – basic and fully diluted (in shares)
59,900	-	59,900	59,900	59,900	-	59,900	59,900	59,900	-	59,900	59,900	59,900	-	54,300	54,300	54,300	-	54,300	54,300	54,300	-	48,300	48,300	48,300	-	48,300	48,300	48,300	-	48,300	48,300	48,300	-	47,376	46,725	46,725	41,875	40,998
Cash distributions declared per share (refer to Note J) (usd per share)
0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.36	-	0.36	0.36	0.36	0.34	0.34
Velocity
Revenue from Contract with Customer, Excluding Assessed Tax
30,390	-	46,647	-	31,137	-	34,289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-