CorEnergy Infrastructure Trust, Inc. CORR Income Statement

Corenergy infrastructure trust, inc. (CORR)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Nov'12	Nov'11
Revenue
Lease revenue
67,050	-	-	-	-	-	-	-	-
Lease revenue
-	72,747	68,803	67,994	48,086	28,223	22,552	2,552	1,063
Transportation and distribution revenue
-	-	-	-	14,345	1,298	0	0	-
Financing revenue
-	-	-	-	1,697	1,077	0	0	-
Sales revenue
-	-	-	-	7,160	9,708	8,733	8,021	2,161
Total Revenue
85,945	89,231	88,749	89,250	71,288	40,308	31,286	10,573	3,225
Expenses
Transportation and distribution expenses
5,242	7,210	6,729	6,463	-	-	-	-	-
Asset acquisition expense
-	-	-	-	-	-	-	377	638
Professional fees
-	-	-	-	-	-	-	1,141	548
Depreciation expense
-	-	-	-	-	-	-	1,118	364
Transportation and distribution expenses
-	-	-	-	4,609	1,299	0	0	-
Cost of Sales
-	-	-	-	2,819	7,291	6,734	6,078	1,689
Amortization expense
-	-	-	-	-	-	-	0	0
Operating expenses
-	-	-	-	-	-	924	739	196
General and administrative
10,596	13,042	10,786	12,270	9,745	7,872	5,879	-	-
Management fees
-	-	-	-	-	-	-	1,046	968
Depreciation, amortization and ARO accretion expense
22,581	24,947	24,047	22,522	18,766	13,195	11,491	-	-
Provision for loan gain
0	-36	0	5,014	13,784	0	0	-	-
Directors fees
-	-	-	-	-	-	-	85	70
Other expenses
-	-	-	-	-	-	-	231	183
Total Expenses
38,421	45,164	41,563	46,271	49,725	29,659	25,030	10,817	4,659
Operating Income
47,524	44,067	47,185	42,979	21,563	10,648	6,255	-243	-1,433
Other Income (Expense)
Net distributions and other income
1,328	106	680	1,140	1,270	1,836	584	-279	651
Net realized and unrealized gain (loss) on other equity securities
0	-1,845	1,531	824	-1,063	-	-	-	-
Net realized and unrealized loss on trading securities
-	-	-	-	-	-	-251	4,009	2,299
Net realized and unrealized loss on other equity securities
-	-	-	-	-	-466	5,617	16,171	2,283
Other Income
-	-	-	-	-	-	-	-	40
Interest expense
10,578	12,759	12,378	14,417	9,781	3,675	3,288	81	36
Gain on the sale of leased property, net
0	11,723	0	0	-	-	-	-	-
Loss on extinguishment of debt
-33,960	0	-336	0	0	-	-	-	-
Total Other Expense
-43,210	-2,774	-10,503	-12,452	-9,574	-2,304	2,662	19,821	5,238
Income before income taxes
4,314	41,293	36,681	30,526	11,989	8,344	8,918	19,577	3,805
Taxes
Current tax expense (benefit)
-120	-585	2,831	-313	922	3,843	13	29	253
Deferred tax expense (benefit)
354	-1,833	-486	-151	-2,869	-4,069	2,936	7,199	629
Income tax expense (benefit), net
234	-2,418	2,345	-464	-1,947	-225	2,949	7,228	882
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
4,079	43,711	34,336	30,991	13,937	8,570	5,969	12,348	2,922
Less: Net Income attributable to non-controlling interest
0	0	1,733	1,328	1,617	1,556	1,466	0	0
Net Income attributable to CorEnergy Stockholders
4,079	43,711	32,602	29,663	12,319	7,013	4,502	12,348	2,922
Preferred dividend requirements
9,255	9,548	7,953	4,148	3,848	0	0	-	-
Net Income (Loss) attributable to Common Stockholders
-5,175	34,163	24,648	25,514	8,471	7,013	4,502	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
4,079	43,711	34,336	30,991	13,937	-	-	-	-
Other comprehensive income:
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent
0	0	11	-	-	-	-	-	-
Changes in fair value of qualifying hedges / AOCI attributable to non-controlling interest
0	0	-2	-	-	-	-	-	-
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent
-	-	-	-201	-262	-324	777	0	0
Changes in fair value of qualifying hedges / AOCI attributable to non-controlling interest
-	-	-	47	61	75	-181	0	0
Net Change in Other Comprehensive Income
0	0	13	-249	-323	-399	959	0	0
Total Comprehensive Income
4,079	43,711	34,350	30,742	13,613	8,170	6,928	12,348	2,922
Less: Comprehensive income attributable to non-controlling interest
0	0	1,736	1,280	1,555	1,480	1,648	0	0
Comprehensive Income attributable to CorEnergy Stockholders
4,079	43,711	32,613	29,461	12,057	6,689	5,279	12,348	2,922
Earnings (Loss) Per Common Share:
Basic (in dollars per share)
-0.40	2.86	2.07	2.14	0.79	1.06	0.93	-	-
Diluted (in dollars per share)
-0.40	2.79	2.07	2.14	0.79	1.06	0.93	-	-
Basic and Diluted (in dollars per share)
-	-	-	-	-	-	-	1.34	0.32
Weighted Average Shares of Common Stock Outstanding:
Weighted Average Number of Shares Outstanding, Basic
13,041	11,935	11,900	11,901	10,685	6,605	4,829	-	-
Weighted Average Number of Shares Outstanding, Diluted
13,041	15,389	11,900	11,901	10,685	6,605	4,829	-	-
Basic and Diluted (in dollars per share)
-	-	-	-	-	-	-	9,182	9,159
Dividends declared per share (in dollars per share)
3.00	3.00	3.00	3.00	2.75	2.57	1.87	0.44	0.41
Transportation and distribution revenue
Revenue
18,778	16,484	19,945	21,094	-	-	-	-	-
Financing revenue
Revenue
116	0	0	162	-	-	-	-	-