Falcon minerals corp (FLMN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Revenues:
Oil and gas sales

13,600

13,051

15,908

18,246

21,258

26,300

23,825

28,136

20,394

-

-

-

-

Oil and gas sales

-

-

-

-

-

-

-

-

-

-

19,218

-

-

Gain (loss) on hedging activities

-

-

-

-

-

0

458

-1,823

-91

-

-164

-

-

Total revenue

-

-

15,908

18,246

-

26,300

24,283

26,313

20,303

25,864

19,054

-

-

Operating expenses:
Production and ad valorem taxes

854

1,323

891

920

1,128

1,290

1,326

1,510

1,017

-

-

-

-

Production and ad valorem taxes

-

-

-

-

-

-

-

-

-

-

1,144

-

-

Marketing and transportation

397

463

584

565

784

881

493

463

531

-

1,367

-

-

Amortization of royalty interests in oil and natural gas properties

3,674

3,112

3,184

2,930

3,511

3,782

4,494

4,618

4,068

-

-

-

-

Amortization of royalty interests in oil and natural gas properties

-

-

-

-

-

-

-

-

-

-

7,829

-

-

General, administrative, and other

3,073

3,185

3,168

3,055

2,504

2,532

1,132

3,423

2,457

-

1,160

-

-

Total operating expenses

7,998

8,083

7,827

7,470

7,927

8,485

7,445

10,014

8,073

42,293

11,500

0

3

Operating income

5,602

4,968

8,081

10,776

13,331

17,815

16,838

16,299

12,230

13,015

7,554

-0

-3

Other income (expense):
Gain on the sale of assets

-

-

-

-

-

0

0

108

41,274

-

0

-

-

Other income

31

32

58

44

31

-

38

-

-

-

0

-

-

Interest expense

680

650

650

535

654

750

557

420

623

-

710

-

-

Total other income (expense)

-649

-618

-592

-491

-623

-742

-519

-312

40,651

-

-710

-

-

Income before income taxes

4,953

4,350

7,489

10,285

12,708

17,073

16,319

15,987

52,881

-

6,844

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

0

0

Unrealized gain on marketable securities held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

0

0

Other income

-

-

-

-

-

-

-

-

-

-

-

0

0

Income (loss) before provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-0

-3

Provision for income taxes

444

-2

1,132

1,383

1,405

-

810

-

0

-

0

0

0

Income from continuing operations

-

-

6,357

8,902

-

14,591

15,509

15,987

52,881

-

6,844

-

-

Income from discontinued operations

-

-

-

-

-

-1

91

1,016

1,033

-

688

-

-

Net income

4,509

4,352

6,357

8,902

11,303

14,590

15,600

17,003

53,914

-

7,532

-

-

Net income attributable to non-controlling interests

2,304

2,024

3,473

5,146

5,921

7,954

2,933

47

48

-

29

-

-

Net income attributable to common shareholders

2,205

2,328

2,884

3,756

5,382

6,636

12,667

16,956

53,866

44,994

7,503

-0

-3

Earnings per common share:
Common shares (basic and diluted)

0.05

0.05

0.06

0.08

0.12

-

0.06

-

-

0.00

-

0.00

0.00

Weighted average number of shares outstanding:
Common shares (basic and diluted)

45,967

45,959

45,899

45,858

45,856

-

45,855

-

-

0

-

6,250

6,250