Enviva partners, lp (EVA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Net revenue

204,477

200,540

157,405

168,079

158,369

168,673

144,148

135,596

125,324

161,008

132,223

127,547

122,443

126,521

110,794

119,709

107,252

116,813

116,588

109,659

114,314

Cost of goods sold

163,530

153,840

117,993

140,476

137,392

130,379

104,351

105,967

121,038

122,830

100,897

99,172

96,717

99,399

80,420

92,983

84,616

92,049

92,437

86,175

94,400

Gain (Loss) on Disposition of Assets

-

-

-

-

-

-

-

-

-

-

-1,237

-2,005

-

-

-1,523

-155

-

-

-

-

-

Depreciation and amortization

13,640

15,409

12,946

11,096

11,070

11,379

9,678

9,818

9,304

10,800

9,707

10,039

9,358

7,271

6,434

7,114

6,881

6,640

7,568

8,225

8,259

Total cost of goods sold

177,170

172,352

130,939

151,572

148,462

144,144

114,029

115,785

130,342

135,287

111,841

111,216

106,075

107,378

88,377

100,252

91,497

100,770

100,005

94,400

102,659

Gross margin

27,307

28,188

26,466

16,507

9,907

24,529

30,119

19,811

-5,018

25,721

20,382

16,331

16,368

19,143

22,417

19,457

15,755

16,043

16,583

15,259

11,655

General and administrative expenses

1,763

4,801

1,314

2,241

3,541

-

3,201

3,829

-

-

-

-

-

-

-

-

-

-

-

-

-

Related-party management services agreement fee

7,689

2,921

6,486

8,789

6,296

-

4,114

3,458

-

-

-

-

-

-

-

-

-

-

-

-

-

Total general and administrative expenses

9,452

7,722

7,800

11,030

9,837

6,235

7,315

7,287

6,804

7,597

7,704

6,870

8,763

21,063

8,708

6,368

6,950

10,575

4,954

4,623

3,770

Income from operations

17,855

20,466

18,666

5,477

70

18,294

22,804

12,524

-11,822

18,124

12,678

9,461

7,605

-1,920

13,709

13,089

8,805

5,468

11,629

10,636

7,885

Other income (expense):
Interest expense

10,394

10,643

9,872

9,196

9,633

9,334

9,445

9,047

8,645

8,674

7,653

7,710

7,707

6,108

3,314

3,039

3,182

2,940

2,910

2,791

1,917

Related-party interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

17

51

301

209

57

0

296

801

Early retirement of debt obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,699

-

Other income, net

172

148

58

-82

640

1,178

-3

67

1,132

-1,552

-2

-254

57

165

2

140

132

879

74

15

11

Total other expense, net

-10,222

-19,537

-9,814

-9,278

-8,993

-8,907

-9,448

-8,980

-7,513

-10,226

-7,655

-7,964

-7,650

-10,398

-3,363

-3,200

-3,259

-2,118

-2,836

-7,771

-2,707

Income before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,350

8,793

2,865

5,178

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-44

0

0

2,667

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

7,898

5,023

1,497

-45

-12,318

10,346

9,889

5,546

3,394

8,793

2,865

2,511

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

40

-665

-1,196

-1,319

-2,337

-1,366

-1,108

-993

-2,829

-14

-8

-8

Net income (loss)

7,633

929

8,852

-3,801

-8,923

9,387

13,356

3,544

-19,335

7,858

5,688

2,693

1,274

-9,981

11,712

10,997

6,539

6,223

8,807

2,873

2,519

Net income (loss) per limited partner common unit:
Common - basic and diluted (in dollars per unit)

-

-

-

-0.20

-

-

-

0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

Common - basic (in dollars per unit)

0.10

-

0.15

-

-0.42

-

0.45

-

-0.78

0.25

0.20

0.12

0.08

-0.34

0.51

0.48

0.30

-

0.27

0.24

-

Common - diluted (in dollars per unit)

0.09

-

0.15

-

-0.42

-

0.43

-

-0.78

0.24

0.19

0.11

0.07

-0.35

0.50

0.47

0.29

-

0.27

0.24

-

Net income per limited partner subordinated unit:
Subordinated - basic and diluted (in dollars per unit)

-

-

0.00

0.00

-

-

0.00

0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated - basic (in dollars per unit)

-

-

-

-

-

-

-

-

-0.78

0.25

0.20

0.12

0.08

-0.36

0.51

0.48

0.30

-

0.27

0.24

-

Subordinated - diluted (in dollars per unit)

-

-

-

-

-

-

-

-

-0.78

0.25

0.20

0.12

0.08

-0.33

0.50

0.47

0.29

-

0.27

0.24

-

Enviva Partners, LP limited partners' interest in net income

7,633

929

8,852

-3,801

-8,923

9,387

13,356

3,544

-19,335

7,858

5,688

2,693

1,274

-

11,712

10,997

-

-

-

2,873

2,519

Weighted-average number of limited partner units outstanding:
Common - basic (in units)

33,551

33,548

33,457

33,400

26,759

26,620

26,477

18,597

14,438

14,415

14,412

14,405

14,380

13,375

12,919

12,862

12,852

-

11,906

11,905

-

Common - diluted (in units)

35,436

33,548

33,457

33,400

26,759

28,568

27,478

19,728

14,438

15,432

15,385

15,359

15,228

13,974

13,480

13,445

13,337

-

12,193

12,159

-

Subordinated - basic and diluted (in units)

-

-

0

0

-

-137

0

7,804

11,905

11,905

11,905

11,905

11,905

11,905

11,905

11,905

11,905

-

11,905

11,905

-

Product sales
Net revenue

197,853

195,262

155,188

167,202

156,599

165,979

142,541

133,168

122,322

156,108

125,422

121,673

119,047

121,220

103,577

116,247

103,445

115,123

115,081

107,195

113,581

Other revenue
Net revenue

6,624

5,278

2,217

877

1,770

2,694

1,607

2,428

3,002

4,900

6,801

5,874

3,396

5,301

7,217

3,462

3,807

1,690

1,507

2,464

733

Wilmington, LLC Drop-Down
Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-1,300

-

-

-

-

-

-

-

-

Enviva Partners LP excluding Enviva Port of Wilmington, LLC Drop-Down
Net (loss) income attributable to Enviva Partners, LP

-

-

-

-

-

-

-

-

-

-

6,339

3,862

2,535

-

-

-

-

-

-

-

-

Enviva Port of Wilmington, LLC Drop-Down
Net (loss) income attributable to Enviva Partners, LP

-

-

-

-

-

-

-

-

-

-

-

5,228

-1,261

-

-

-

-

-

-

-

-

General Partner
Net (loss) income attributable to Enviva Partners, LP

-

-

-

-

-

-

-

-

-

-

1,063

669

537

-

-

-

-

-

-

-

-

Limited Partners’ Capital
Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

2,535

-

-

-

-

-

-

-

-