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

730,501

684,393

652,526

639,269

606,786

573,741

566,076

554,151

546,102

543,221

508,734

487,305

479,467

464,276

454,568

460,362

450,312

457,374

0

0

0

Cost of goods sold

575,839

549,701

526,240

512,598

478,089

461,735

454,186

450,732

443,937

419,616

396,185

375,708

369,519

357,418

350,068

362,085

355,277

365,061

0

0

0

Gain (Loss) on Disposition of Assets

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

Depreciation and amortization

53,091

50,521

46,491

43,223

41,945

40,179

39,600

39,629

39,850

39,904

36,375

33,102

30,177

27,700

27,069

28,203

29,314

30,692

0

0

0

Total cost of goods sold

632,033

603,325

575,117

558,207

522,420

504,300

495,443

493,255

488,686

464,419

436,510

413,046

402,082

387,504

380,896

392,524

386,672

397,834

0

0

0

Gross margin

98,468

81,068

77,409

81,062

84,366

69,441

70,633

60,896

57,416

78,802

72,224

74,259

77,385

76,772

73,672

67,838

63,640

59,540

0

0

0

General and administrative expenses

10,119

11,897

10,297

12,812

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Related-party management services agreement fee

25,885

24,492

25,685

22,657

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Total general and administrative expenses

36,004

36,389

34,902

34,417

30,674

27,641

29,003

29,392

28,975

30,934

44,400

45,404

44,902

43,089

32,601

28,847

27,102

23,922

0

0

0

Income from operations

62,464

44,679

42,507

46,645

53,692

41,800

41,630

31,504

28,441

47,868

27,824

28,855

32,483

33,683

41,071

38,991

36,538

35,618

0

0

0

Other income (expense):
Interest expense

40,105

39,344

38,035

37,608

37,459

36,471

35,811

34,019

32,682

31,744

29,178

24,839

20,168

15,643

12,475

12,071

11,823

10,558

0

0

0

Related-party interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

578

618

567

562

1,154

0

0

0

Early retirement of debt obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Other income, net

296

764

1,794

1,733

1,882

2,374

-356

-355

-676

-1,751

-34

-30

364

439

1,153

1,225

1,100

979

0

0

0

Total other expense, net

-48,851

-47,622

-36,992

-36,626

-36,328

-34,848

-36,167

-34,374

-33,358

-33,495

-33,667

-29,375

-24,611

-20,220

-11,940

-11,413

-15,984

-15,432

0

0

0

Income before income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,186

0

0

0

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,623

0

0

0

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

-

-

-

-

-

-

-

-

-

14,373

-5,843

-520

7,872

13,463

29,175

27,622

20,598

17,563

0

0

0

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-3,140

-5,517

-6,218

-6,130

-5,804

-6,296

-4,944

-3,844

-2,859

0

0

0

Net income (loss)

13,613

-2,943

5,515

10,019

17,364

6,952

5,423

-2,245

-3,096

17,513

-326

5,698

14,002

19,267

35,471

32,566

24,442

20,422

0

0

0

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

13,613

-2,943

5,515

10,019

17,364

6,952

5,423

-2,245

-3,096

17,513

0

0

0

-

0

0

-

-

-

0

0

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

715,505

674,251

644,968

632,321

598,287

564,010

554,139

537,020

525,525

522,250

487,362

465,517

460,091

444,489

438,392

449,896

440,844

450,980

0

0

0

Other revenue
Net revenue

14,996

10,142

7,558

6,948

8,499

9,731

11,937

17,131

20,577

20,971

21,372

21,788

19,376

19,787

16,176

10,466

9,468

6,394

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-