COVANTA HOLDING CORPORATION CVA Income Statement

Covanta holding corporation (CVA)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
OPERATING REVENUES:
Total operating revenue
468,000	485,000	465,000	467,000	453,000	500,000	456,000	454,000	458,000	495,000	429,000	424,000	404,000	457,000	421,000	418,000	403,000	432,000	422,000	408,000	383,000	435,000	414,000	432,000	401,000	422,000	425,000	411,000	372,000	429,000	412,000	410,000	392,000	430,000	432,000	411,000	377,000	418,930	403,000	393,377	367,693	408,709	375,786
OPERATING EXPENSES:
Plant operating expense
361,000	333,000	325,000	354,000	359,000	334,000	308,000	334,000	345,000	319,000	301,000	319,000	332,000	276,000	272,000	314,000	315,000	280,000	260,000	300,000	289,000	257,000	248,000	268,000	282,000	232,000	230,000	250,000	280,000	232,000	225,000	243,000	267,000	222,000	221,000	248,000	271,000	227,838	218,000	233,526	263,636	233,290	214,556
Other operating expense, net
12,000	21,000	10,000	16,000	17,000	21,000	17,000	19,000	8,000	27,000	7,000	2,000	15,000	41,000	14,000	19,000	12,000	18,000	18,000	26,000	11,000	35,000	19,000	29,000	18,000	28,000	27,000	25,000	17,000	57,000	31,000	30,000	39,000	38,000	44,000	30,000	28,000	43,324	28,000	25,148	23,528	14,804	9,722
General and administrative expense
30,000	32,000	29,000	31,000	30,000	30,000	27,000	27,000	31,000	30,000	24,000	30,000	28,000	29,000	23,000	25,000	23,000	22,000	20,000	23,000	28,000	24,000	26,000	26,000	21,000	20,000	20,000	21,000	21,000	4,000	24,000	25,000	25,000	10,000	24,000	25,000	25,000	26,613	22,000	28,197	26,190	28,945	26,906
Depreciation and amortization expense
58,000	56,000	55,000	55,000	55,000	56,000	53,000	55,000	54,000	60,000	51,000	52,000	52,000	52,000	52,000	51,000	52,000	50,000	50,000	50,000	48,000	54,000	51,000	53,000	53,000	52,000	52,000	52,000	53,000	49,000	46,000	49,000	50,000	51,000	48,000	47,000	47,000	48,164	47,000	46,398	48,438	48,057	51,162
Net Interest Expense On Project Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	3,000	2,000	3,000	3,000	3,000	4,000	3,000	5,000	7,000	7,000	8,000	7,000	8,000	8,000	8,000	7,906	10,000	9,812	10,282	12,634	12,108
Impairment charges
19,000	-1,000	2,000	1,000	0	-	49,000	37,000	-	-	0	1,000	-	1,000	0	4,000	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	-	0	24,000	0	-	48,000	7,000	9,000	-	12,000	4,000	0	-	-2,000	0	-	-	0	-	-	-	32,000	-	-	-	-
Total operating expense
480,000	441,000	421,000	457,000	461,000	441,000	454,000	472,000	438,000	437,000	383,000	404,000	427,000	399,000	361,000	413,000	417,000	389,000	348,000	423,000	376,000	362,000	395,000	385,000	386,000	334,000	344,000	356,000	374,000	292,000	331,000	354,000	389,000	328,000	345,000	358,000	379,000	355,845	357,000	343,081	372,074	337,730	314,454
Operating loss
-12,000	44,000	44,000	10,000	-8,000	59,000	2,000	-18,000	20,000	58,000	46,000	20,000	-23,000	58,000	60,000	5,000	-14,000	43,000	74,000	-15,000	7,000	73,000	19,000	47,000	15,000	88,000	81,000	55,000	-2,000	137,000	81,000	56,000	3,000	102,000	87,000	53,000	-2,000	63,085	46,000	50,296	-4,381	70,979	61,332
Other income (expense):
Investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-396	1,000	173	223	952	1,156
Interest expense
34,000	35,000	36,000	36,000	36,000	34,000	37,000	36,000	38,000	41,000	35,000	35,000	36,000	35,000	35,000	34,000	34,000	32,000	34,000	33,000	35,000	43,000	30,000	33,000	29,000	30,000	30,000	29,000	29,000	27,000	25,000	24,000	18,000	17,000	16,000	17,000	17,000	12,721	11,000	10,693	10,586	10,843	8,532
Non-cash convertible debt related expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,000	8,000	7,000	7,000	7,000	7,000	6,000	6,000	7,000	6,000	5,000	9,000	6,000	5,000	9,019	10,000	11,734	8,247	3,465	6,395
Net gain on sale of business and investments
9,000	0	1,000	-2,000	50,000	0	7,000	0	210,000	0	0	-2,000	-4,000	1,000	43,000	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	0	-	-	-	-3,000	-	-	-	0	-13,000	-	-	0	0	-	-	0	-2,000	-	0	0	0	-2,000	0	0	0	-1,000	-1,000	0	0	-2,000	-	-1,000	0	-	-	-	-	0	-	-
Other expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (expense) income, net
-1,000	0	-1,000	1,000	1,000	-2,000	0	-1,000	0	-	2,000	0	-	34,000	-1,000	2,000	-36,000	34,000	-34,000	1,000	-2,000	-	0	0	0	-	-	-	-	0	0	0	3,000	-	-10,000	-3,000	-	-	-	-	-	-	-
Total other (expense) income
-26,000	-35,000	-36,000	-37,000	15,000	-48,000	-33,000	-37,000	172,000	-113,000	-33,000	-50,000	-40,000	-	7,000	-32,000	-	-	-	34,000	37,000	43,000	30,000	38,000	39,000	33,000	37,000	36,000	37,000	33,000	31,000	31,000	23,000	29,000	35,000	26,000	22,000	37,136	20,000	22,254	18,610	13,356	13,771
(Loss) income before income tax benefit (expense) and equity in net income from unconsolidated investments
-38,000	9,000	8,000	-27,000	7,000	11,000	-31,000	-55,000	192,000	-55,000	13,000	-30,000	-63,000	24,000	67,000	-27,000	-50,000	11,000	40,000	-49,000	-30,000	30,000	-11,000	9,000	-24,000	55,000	44,000	19,000	-39,000	104,000	50,000	25,000	-20,000	73,000	52,000	27,000	-24,000	25,949	26,000	28,042	-22,991	57,623	47,561
Income Tax Expense (Benefit)
-5,000	-1,000	-5,000	-3,000	2,000	5,000	-3,000	-22,000	-9,000	-186,000	-2,000	8,000	-11,000	17,000	12,000	3,000	-10,000	-65,000	11,000	-40,000	10,000	39,000	-16,000	6,000	-14,000	32,000	20,000	7,000	-16,000	1,000	27,000	11,000	-8,000	32,000	2,000	11,000	-10,000	5,993	15,000	12,889	-9,882	19,614	17,901
Equity in net income from unconsolidated investments
1,000	2,000	1,000	3,000	0	3,000	1,000	2,000	0	-	0	1,000	-	1,000	-1,000	1,000	3,000	2,000	5,000	3,000	3,000	5,000	2,000	2,000	1,000	2,000	4,000	1,000	-1,000	0	4,000	5,000	1,000	-	1,000	2,000	-	1,243	1,000	1,099	-1,342	5,611	5,671
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	28,000	13,000	-24,000	-	27,000	19,000	-	43,000	51,000	18,000	-14,000	21,199	12,000	16,252	-14,451	-	-
(Loss) income from discontinued operations, net of income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	-51,000	-2,000	-	0	-2,000	-	-15,000	-7,000	2,000	149,000	4,260	11,000	11,022	9,718	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,000	28,000	-38,000	-26,000	85,000	27,000	17,000	-11,000	28,000	44,000	20,000	135,000	25,459	23,000	27,274	-4,733	43,620	35,331
Less: Net income from discontinued operations attributable to noncontrolling interests in subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	2,000	1,350	1,000	712	938	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,000	-	1,000	-1,000	1,000	2,000	2,000	2,000	2,000	2,015	3,000	1,485	2,500	2,768	2,164
Less: Net loss (income) from continuing operations attributable to noncontrolling interests in subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	1,000	-	665	2,000	773	1,562	-	-
Net Income (Loss) Attributable to Parent
-32,000	-	14,000	-21,000	5,000	-	-27,000	-31,000	201,000	-	15,000	-37,000	-52,000	-	54,000	-29,000	-37,000	77,000	34,000	-6,000	-37,000	-5,000	7,000	5,000	-9,000	26,000	28,000	-38,000	-25,000	84,000	26,000	18,000	-12,000	26,000	42,000	18,000	133,000	23,444	20,000	25,789	-7,233	40,852	33,167
Weighted Average Common Shares Outstanding:
Basic
131,000	131,000	131,000	131,000	131,000	130,000	130,000	130,000	130,000	131,000	130,000	130,000	129,000	129,000	129,000	129,000	129,000	132,000	132,000	132,000	132,000	131,000	130,000	130,000	129,000	128,000	129,000	129,000	130,000	130,000	131,000	133,000	134,000	134,000	139,000	144,000	147,000	150,729	153,000	154,377	153,894	153,779	153,731
Diluted
131,000	135,000	133,000	131,000	133,000	136,000	130,000	130,000	132,000	134,000	131,000	130,000	129,000	127,000	131,000	129,000	129,000	134,000	134,000	132,000	132,000	129,000	131,000	131,000	129,000	130,000	130,000	130,000	130,000	132,000	132,000	134,000	134,000	136,000	140,000	145,000	147,000	153,080	154,000	155,026	153,894	155,110	154,953
Earnings Per Share:
Amounts Attributable to Covanta Holding Corporation stockholders:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	28,000	13,000	-23,000	-	26,000	20,000	-	41,000	49,000	17,000	-14,000	20,534	10,000	15,479	-16,013	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	-51,000	-2,000	-	0	-2,000	-	-15,000	-7,000	1,000	147,000	2,910	10,000	10,310	8,780	-	-
NET INCOME ATTRIBUTABLE TO COVANTA HOLDING CORPORATION
-32,000	-	14,000	-21,000	5,000	-	-27,000	-31,000	201,000	-	15,000	-37,000	-52,000	-	54,000	-29,000	-	-	-	-	-	-	7,000	5,000	-9,000	26,000	28,000	-38,000	-25,000	84,000	26,000	18,000	-12,000	26,000	42,000	18,000	133,000	23,444	20,000	25,789	-7,233	40,852	33,167
Earnings Per Share [Abstract]
Basic
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.19	0.22	0.09	-0.17	-	0.20	0.15	-	0.28	0.35	0.12	-0.09	0.12	0.07	0.10	-0.10	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	-0.39	-0.02	-	0.00	-0.01	-	-0.07	-0.05	0.01	1.00	0.03	0.06	0.07	0.05	-	-
Basic
-0.24	0.08	0.11	-0.16	0.04	0.07	-0.21	-0.24	1.55	1.02	0.11	-0.28	-0.41	0.07	0.42	-0.23	-0.29	0.59	0.26	-0.05	-0.28	-0.03	0.05	0.04	-0.07	0.20	0.22	-0.30	-0.19	0.63	0.20	0.14	-0.09	0.21	0.30	0.13	0.91	0.15	0.13	0.17	-0.05	0.27	0.22
Diluted
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.19	0.22	0.09	-0.17	-	0.19	0.15	-	0.28	0.35	0.12	-0.09	0.12	0.07	0.10	-0.10	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	-0.39	-0.02	-	0.00	-0.01	-	-0.08	-0.05	0.01	1.00	0.03	0.06	0.07	0.05	-	-
Diluted
-0.24	0.10	0.10	-0.16	0.03	0.07	-0.21	-0.24	1.53	1.02	0.11	-0.28	-0.41	0.07	0.42	-0.23	-0.29	0.59	0.25	-0.05	-0.28	-0.03	0.05	0.04	-0.07	0.20	0.22	-0.30	-0.19	0.63	0.19	0.14	-0.09	0.20	0.30	0.13	0.91	0.15	0.13	0.17	-0.05	0.26	0.21
Cash Dividend Declared Per Share
0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.00	0.25	0.25	0.25	0.00	0.25	0.18	0.18	0.00	0.16	0.16	0.16	0.00	0.15	0.15	0.15	0.00	0.07	0.07	0.07	0.00	0.00	1.50	0.00	-	0.00
Discontinued Operation, Tax Effect of Discontinued Operation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Waste and service revenue
Total operating revenue
346,000	354,000	353,000	359,000	327,000	350,000	332,000	333,000	312,000	329,000	306,000	310,000	286,000	312,000	299,000	297,000	279,000	299,000	283,000	276,000	246,000	272,000	252,000	267,000	241,000	266,000	255,000	257,000	230,000	263,000	247,000	262,000	238,000	208,000	273,000	276,000	251,000	214,993	257,000	267,786	241,221	233,187	227,842
Energy revenue
Total operating revenue
93,000	82,000	81,000	72,000	94,000	86,000	81,000	76,000	100,000	93,000	80,000	75,000	86,000	91,000	92,000	86,000	101,000	102,000	108,000	99,000	112,000	110,000	120,000	110,000	120,000	109,000	117,000	103,000	102,000	97,000	115,000	91,000	91,000	99,000	109,000	98,000	94,000	104,434	115,000	99,643	100,923	161,342	136,540
Recycled metals revenue
Total operating revenue
17,000	25,000	19,000	21,000	21,000	23,000	23,000	25,000	24,000	28,000	23,000	15,000	16,000	17,000	14,000	17,000	13,000	12,000	16,000	17,000	16,000	21,000	26,000	25,000	21,000	21,000	19,000	17,000	16,000	17,000	17,000	18,000	20,000	-	-	-	-	-	-	-	-	-	-
Other operating revenue
Total operating revenue
12,000	24,000	12,000	15,000	11,000	41,000	20,000	20,000	22,000	45,000	20,000	24,000	16,000	37,000	16,000	18,000	10,000	19,000	15,000	16,000	9,000	32,000	16,000	30,000	19,000	26,000	34,000	34,000	24,000	52,000	33,000	39,000	43,000	49,000	50,000	37,000	32,000	44,503	31,000	25,948	25,549	14,180	11,404