CorEnergy Infrastructure Trust, Inc. CORR Income Statement

Corenergy infrastructure trust, inc. (CORR)

Income statement / Quarterly

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	Nov'12	Aug'12	May'12	Feb'12	Aug'11
Revenue
Lease revenue
16,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease revenue
-	16,984	16,635	16,717	18,487	18,391	18,275	17,591	17,513	17,173	17,050	17,066	17,005	16,996	16,996	16,996	16,984	16,966	6,799	7,336	7,204	7,191	7,065	6,762	5,638	5,638	5,638	5,638	638	638	638	638	425
Revenue
-	-	-	-	-	-	-	-	-	5,270	4,775	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transportation and distribution revenue
-	-	-	-	-	-	-	-	-	-	-	5,010	-	5,119	5,064	5,099	3,591	3,557	3,546	3,649	1,298	0	0	0	-	-	-	-	-	-	-	-	-
Financing revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	162	185	182	668	660	498	413	139	25	0	0	0	0	-	-	-	-	-
Sales revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,717	1,434	1,665	2,341	2,894	1,741	1,813	3,259	2,351	1,935	1,929	2,515	2,216	1,927	1,439	2,437	-
Total Revenue
21,709	21,081	21,532	21,622	22,900	22,636	22,150	21,544	22,402	22,444	21,825	22,077	22,816	22,115	22,060	22,257	22,478	22,140	12,681	13,987	11,896	9,345	9,019	10,047	7,990	7,574	7,568	8,153	2,854	2,565	2,078	3,075	425
Expenses
Transportation and distribution expenses
1,376	1,116	1,246	1,503	1,861	2,241	1,534	1,572	-	2,384	1,362	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management fees, net of expense reimbursements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	247	-
Asset acquisition expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	640	53	31	138	144	94	0	583
Professional fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	305	431	454	344	419	268	108	165
Depreciation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,857	2,857	2,857	377	246	246	246	117
Transportation and distribution expenses
-	-	-	-	-	-	-	-	-	-	-	1,335	-	1,482	1,378	1,362	935	1,120	1,272	1,197	458	0	0	0	-	-	-	-	-	-	-	-	-
Cost of Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	618	382	569	1,248	1,914	1,284	1,384	2,707	1,843	1,411	1,476	2,003	1,661	1,381	1,031	2,004	-
Amortization expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	15	15	0	0	0	0	-
Operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83	-	-	-	194	210	213	222	209	204	303	206	181	196	189	172	-
General and administrative
2,492	2,494	2,739	2,870	4,161	3,046	3,107	2,727	2,534	2,632	2,558	3,061	3,185	3,021	2,773	3,289	2,434	2,837	1,905	2,568	3,263	1,841	1,334	1,432	-	-	-	-	-	-	-	-	-
Management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	647	646	643	-	298	254	-	248
Depreciation, amortization and ARO accretion expense
5,646	5,645	5,645	5,645	6,078	6,289	6,290	6,289	6,018	6,017	6,005	6,005	5,744	5,744	5,737	5,296	5,385	5,836	3,495	4,048	3,575	3,252	3,220	3,146	-	-	-	-	-	-	-	-	-
Provision for loan gain
0	0	0	0	-536	0	0	500	0	0	0	0	0	0	369	4,645	5,833	7,951	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-
Directors fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	32	18	27	28	14	14	18
Other expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129	151	122	48	47	78	57	59
Total Expenses
9,514	9,255	9,631	10,018	11,564	11,577	10,932	11,089	10,199	11,034	9,927	10,402	11,170	10,248	10,257	14,594	15,289	18,129	7,243	9,063	9,407	6,588	6,153	7,510	6,423	6,285	5,967	6,353	3,024	2,762	2,178	2,851	1,206
Operating Income
12,194	11,825	11,900	11,604	11,335	11,058	11,217	10,455	12,202	11,409	11,898	11,674	11,645	11,867	11,802	7,663	7,189	4,011	5,438	4,924	2,488	2,757	2,865	2,537	1,566	1,288	1,600	1,800	-170	-196	-100	223	-781
Other Income (Expense)
Net distributions and other income
426	360	285	256	41	5	55	3	202	213	221	43	273	277	214	375	245	241	193	590	136	1,688	5	5	0	568	2	13	-	-502	55	-	-
Net realized and unrealized gain (loss) on other equity securities
-	-	-	-	-48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized and unrealized loss on other equity securities
-	0	0	0	-	-930	-881	13	-	1,340	614	-544	-	1,430	1,199	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net distributions and dividend income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	-189
Net realized and unrealized loss on trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-567	0	316	-1,188	5,935	-3,600	2,862	-
Net realized and unrealized loss on other equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,628	-148	-1,408	43	449	-2,978	-865	2,084	1,294	1,783	1,439	-30	2,425	-	2,556	6,837	-	607
Net realized and unrealized gain (loss) on other equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,069	-1,435
Interest expense
2,996	2,777	2,297	2,507	3,168	3,183	3,196	3,210	2,793	2,928	3,202	3,454	3,430	3,520	3,540	3,926	3,652	3,854	1,126	1,147	1,051	977	819	826	825	818	907	737	11	16	25	27	14
Gain on the sale of leased property, net
-	-	-	-	11,723	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
0	-28,920	0	-5,039	0	0	0	0	-	-234	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Expense
-2,569	-31,337	-2,012	-7,290	8,548	-4,108	-4,021	-3,192	-2,572	-1,609	-2,366	-3,955	-3,333	-1,812	-2,126	-5,179	-3,554	-5,022	-890	-107	-3,893	-154	1,270	472	958	622	-935	2,017	-409	7,973	3,267	8,989	1,854
Income before income taxes
9,625	-19,512	9,887	4,313	19,883	6,950	7,196	7,262	9,630	9,800	9,531	7,719	8,311	10,054	9,675	2,484	3,635	-1,010	4,548	4,817	-1,404	2,602	4,135	3,009	2,525	1,910	664	3,818	-579	7,777	3,166	9,212	1,072
Taxes
Current tax expense (benefit)
-472	-1	0	353	-530	-8	-10	-35	2,742	65	57	-33	65	95	203	-677	276	105	104	435	2,503	486	0	854	-173	-680	581	285	0	19	0	10	-
Deferred tax expense (benefit)
289	-91	62	93	-81	-738	-604	-409	-352	126	38	-298	-168	388	206	-577	-646	-1,953	-153	-115	-4,310	-161	742	-340	755	1,785	-340	735	-215	2,769	1,190	3,455	482
Income tax expense (benefit), net
-182	-92	62	447	-612	-746	-614	-444	2,390	191	95	-332	-102	483	410	-1,255	-370	-1,848	-48	320	-1,806	324	742	513	581	1,105	241	1,020	-215	2,788	1,190	3,465	482
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
9,807	-19,419	9,824	3,866	20,495	7,697	7,810	7,707	7,239	9,609	9,436	8,051	8,414	9,571	9,265	3,739	4,005	838	4,597	4,496	402	2,277	3,393	2,496	1,943	805	422	2,797	-363	4,988	1,976	5,747	-
Less: Net Income attributable to non-controlling interest
-	-	-	-	-	-	-	-	483	431	435	382	328	340	310	348	384	410	412	410	388	389	387	391	363	366	352	384	0	0	0	0	-
Net Income attributable to CorEnergy Stockholders
9,807	-	-	-	20,495	-	-	-	6,755	9,177	9,000	7,669	8,086	9,231	8,954	3,391	3,620	427	4,185	4,086	14	1,888	3,005	2,105	1,580	439	70	2,412	-363	4,988	1,976	5,747	590
Preferred dividend requirements
2,313	2,313	2,313	2,314	2,357	2,396	2,396	2,396	2,396	2,396	2,123	1,037	1,037	1,037	1,037	1,037	1,037	1,037	1,037	737	0	0	0	0	-	-	-	-	-	-	-	-	-
Net Income (Loss) attributable to Common Stockholders
7,493	-21,733	7,511	1,552	18,138	5,300	5,413	5,310	4,358	6,780	6,877	6,632	7,049	8,194	7,917	2,354	2,583	-609	3,148	3,349	14	1,888	3,005	2,105	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
9,807	-19,419	9,824	3,866	20,495	7,697	7,810	7,707	7,239	9,609	9,436	8,051	-	9,571	9,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income:
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent
-	-	-	-	-	-	-	-	-	3	3	2	3	3	3	-211	218	-223	18	-276	-197	214	-270	-70	118	-262	921	0	-	0	0	-	-
Changes in fair value of qualifying hedges / AOCI attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-0	-0	-0	-0	-0	-0	49	-51	52	-4	64	46	-50	63	16	-27	61	-215	0	-	0	0	-	-
Net Change in Other Comprehensive Income
-	-	-	-	-	-	-	-	2	3	3	3	3	3	3	-260	269	-275	22	-340	-243	264	-334	-87	146	-324	1,136	0	-	0	0	-	-
Total Comprehensive Income
-	-	-	-	-	-	-	-	7,242	9,612	9,439	8,055	8,418	9,575	9,269	3,479	4,274	562	4,619	4,156	159	2,542	3,058	2,409	2,090	481	1,559	2,797	-	4,988	1,976	-	-
Less: Comprehensive income attributable to non-controlling interest
-	-	-	-	-	-	-	-	484	432	436	383	329	341	311	299	435	358	416	345	342	439	323	374	391	304	568	384	-	0	0	-	-
Comprehensive Income attributable to CorEnergy Stockholders
-	-	-	-	-	-	-	-	6,758	9,180	9,003	7,672	8,089	9,234	8,957	3,180	3,839	204	4,203	3,810	-182	2,103	2,735	2,034	1,698	176	991	2,412	-	4,988	1,976	-	-
Earnings (Loss) Per Common Share:
Basic (in dollars per share)
0.55	-1.65	0.59	0.12	1.52	0.44	0.45	0.45	0.36	0.57	0.58	0.56	0.59	0.69	0.66	0.20	0.22	-0.05	0.33	0.36	0.00	0.30	0.48	0.35	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
0.55	-1.65	0.59	0.12	1.32	0.44	0.45	0.45	0.36	0.57	0.58	0.56	0.60	0.68	0.66	0.20	0.22	-0.05	0.32	0.36	0.00	0.30	0.48	0.35	-	-	-	-	-	-	-	-	-
Basic and Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	0.00	0.10	-0.05	0.54	0.22	0.63	0.06
Weighted Average Shares of Common Stock Outstanding:
Weighted Average Number of Shares Outstanding, Basic
13,561	13,188	12,811	12,604	11,953	11,939	11,928	11,918	11,911	11,904	11,896	11,888	11,879	11,872	11,912	11,943	11,973	11,924	9,523	9,322	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
13,561	13,188	12,811	12,604	25,770	11,939	11,928	11,918	11,911	11,904	11,896	11,888	4,952	15,327	15,383	11,943	11,633	11,924	9,863	9,322	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic and Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,151	24,147	24,141	9,189	9,182	9,180	9,176	9,164
Dividends declared per share (in dollars per share)
0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.67	0.67	0.65	-	-	-	-	1.50	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.10
Transportation and distribution revenue
Revenue
4,970	4,068	4,868	4,871	4,412	4,244	3,874	3,952	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing revenue
Revenue
27	28	27	33	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-