GENESEE & WYOMING INC. GWR Income Statement

Genesee & wyoming inc. (GWR)

Income statement / Quarterly

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
Revenue from Contract with Customer, Excluding Assessed Tax
583,694	571,480	558,089	575,595	603,304	594,990	574,661	571,576	576,927	540,433	519,108	516,534	501,002	501,375	482,616	514,853	546,299	542,219	397,030	415,627	432,543	414,563	376,279	391,668	401,377	400,648	374,950	227,316	222,745	217,419	207,436	210,386	217,210	209,589	191,911	169,671	156,492	158,453	145,579	136,446	130,055
OPERATING EXPENSES:
Labor and benefits
175,500	179,943	184,308	170,328	175,853	179,838	183,716	165,829	169,576	164,222	167,138	161,067	156,235	155,948	163,114	158,878	158,675	165,296	132,118	115,804	121,152	115,871	116,676	109,421	110,609	109,781	109,306	66,470	64,022	61,366	65,757	60,118	58,986	58,966	58,082	55,506	50,840	51,329	50,188	45,958	48,156
Equipment rents
30,926	32,010	32,233	33,993	35,325	34,802	34,087	32,504	33,291	33,237	33,871	45,738	36,778	38,426	38,430	39,680	44,630	43,483	22,032	20,864	22,934	19,857	19,075	19,506	20,388	18,993	18,708	9,004	9,289	8,967	9,817	10,998	11,357	10,986	10,544	8,368	8,201	8,266	7,649	7,447	6,903
Purchased services
51,055	54,034	51,248	56,039	53,717	61,045	64,102	67,761	68,562	56,795	51,001	48,921	50,991	51,632	46,502	51,056	55,291	56,177	24,381	23,174	24,861	24,257	27,816	30,958	33,270	30,598	28,996	22,228	20,981	19,313	18,037	21,278	20,316	19,705	17,442	14,843	13,965	12,895	10,397	10,999	10,006
Depreciation and amortization
63,026	62,517	62,626	66,089	65,392	65,745	65,990	63,948	64,222	61,513	60,774	54,093	50,841	50,924	49,330	49,967	48,303	48,048	42,217	40,951	40,277	38,212	37,641	35,926	37,334	34,161	34,223	18,458	18,980	18,334	17,633	17,700	16,623	16,297	15,861	13,760	12,506	12,452	12,448	12,050	11,917
Diesel fuel used in train operations
41,533	41,504	44,637	46,950	45,713	45,623	46,151	41,709	34,535	33,030	38,153	34,352	30,134	28,251	25,466	30,293	34,264	37,895	29,697	33,644	36,089	37,379	41,935	37,633	35,660	34,694	39,185	23,756	21,511	21,134	21,998	22,983	21,441	22,654	21,421	14,177	10,037	10,605	11,037	7,921	7,351
Electricity used in train operations
1,794	2,226	2,324	2,583	2,742	2,044	2,234	1,449	765	2,134	3,173	3,451	3,226	3,304	3,365	3,184	5,164	4,977	389	-	437	404	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diesel fuel sold to third parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	862	1,359	4,111	4,990	4,745	3,662	4,500	4,079	4,779	4,840	3,910	3,793	3,603	3,104
Casualties and insurance
11,658	11,839	11,372	12,672	9,912	12,984	9,966	13,647	10,624	10,179	12,543	10,070	9,252	9,442	10,120	12,467	11,466	10,038	8,523	10,480	8,702	12,737	9,633	11,596	8,974	10,043	7,951	7,131	6,237	5,943	5,547	5,783	5,020	6,228	5,438	4,104	3,104	3,123	3,904	4,243	2,880
Materials
32,435	31,294	31,220	31,492	32,744	32,376	32,469	29,658	30,664	26,651	20,546	19,860	19,678	21,393	21,591	24,484	25,140	26,929	18,695	21,782	21,195	19,221	16,168	16,182	18,909	22,784	19,329	6,354	6,241	6,783	6,107	6,902	6,844	6,090	6,583	5,450	5,349	6,004	5,477	5,201	5,748
Trackage rights
21,266	21,727	21,640	20,624	22,838	23,303	20,978	20,838	22,632	21,797	22,223	22,685	22,781	21,152	20,576	20,870	21,765	22,172	13,333	13,322	14,174	14,021	12,266	13,854	13,430	12,770	10,857	-	7,391	6,401	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale and impairment of assets
641	-980	1,490	745	642	823	1,036	-5,350	315	354	427	-20,491	524	308	-12,825	310	1,174	490	317	1,656	1,237	1,369	838	1,258	703	1,009	1,707	778	3,018	6,199	1,230	2,952	610	1,088	1,010	-	2,434	1,399	449	-96	-4,889
Restructuring Costs
3,561	7,561	7,634	2,157	3,286	9,362	283	1,416	2,628	2,361	3,755	1,862	223	4,970	1,127	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,349	-	-	-	2,288
Gain on insurance recoveries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,186	-	-	0	1,018	-	-	0	0	-	2,644	500
Other expenses, net
38,825	31,645	30,627	27,759	28,604	25,566	28,808	20,961	29,901	29,135	30,458	43,623	29,536	29,047	33,174	29,653	25,216	28,243	33,342	23,574	20,843	23,864	21,032	35,721	21,765	20,416	19,135	31,488	11,676	13,979	17,466	-5,580	17,548	15,104	14,268	19,262	13,921	13,395	11,029	10,457	12,673
Freightliner operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
RailAmerica acquisition-related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,201	-	-	-	-	-	-	-	-	-	-	-	-
RailAmerica integration costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,767	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Total operating expenses
470,938	477,280	478,379	469,941	475,484	491,865	487,748	465,070	467,085	440,700	443,208	466,213	409,151	414,181	425,620	420,222	428,740	442,768	324,410	302,156	309,427	304,454	301,404	296,838	299,636	293,231	298,750	193,656	169,870	154,946	166,122	164,998	161,187	158,424	152,708	145,752	117,980	120,580	115,473	105,331	115,415
Operating Income (Loss)
112,756	94,200	79,710	105,654	127,820	103,125	86,913	106,506	109,842	99,733	75,900	50,321	91,851	87,194	56,996	94,631	117,559	99,451	72,620	113,471	123,116	110,109	74,875	94,830	101,741	107,417	76,200	33,660	52,875	62,473	41,314	45,388	56,023	51,165	39,203	23,919	38,512	37,873	30,106	31,115	14,640
Gain on sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	625	-	-	0	0	-	427	-
Interest income
1,244	824	547	1,757	417	584	498	811	463	581	227	280	416	336	75	106	225	124	26	88	82	241	1,034	986	992	950	1,043	966	928	964	867	757	853	858	775	800	703	471	423	252	243
Interest expense
25,386	27,399	27,610	27,114	26,429	28,940	25,236	26,860	28,281	25,785	26,365	22,592	17,333	17,741	17,975	18,329	17,464	17,772	13,508	12,053	12,654	17,814	13,641	14,542	16,029	17,203	20,120	36,793	8,814	8,622	8,616	7,852	10,573	10,253	9,939	6,900	5,474	5,411	5,362	6,376	7,094
Loss on settlement of foreign currency forward purchase contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-18,686	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent forward sale contract mark-to-market expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,106	-	-	-	0	-	-	-	-	-	-	-	-
Other income/(loss), net
1,132	2,614	419	49	1,515	288	-2,040	4,228	1,868	3,196	-545	716	1,494	722	731	1,403	-103	334	314	813	-949	759	636	-202	1,752	-896	673	330	853	15	984	1,029	-1,064	170	568	-1,520	418	-175	450	665	1,202
Income before income taxes
89,746	70,239	53,066	80,346	103,323	75,057	60,135	84,685	83,892	77,725	49,217	28,725	76,428	70,511	39,827	77,811	100,217	82,137	40,766	102,319	109,595	93,295	62,904	81,072	88,456	90,268	57,796	-1,837	-4,264	54,830	34,549	39,604	45,239	42,565	30,607	16,299	34,159	32,758	25,617	26,083	8,991
Provision for income taxes
19,975	18,866	14,260	22,966	31,013	26,446	-15,890	-343,291	30,507	29,597	21,928	19,832	19,643	22,112	12,808	-7,123	36,855	29,300	16,862	14,695	36,945	32,567	22,900	23,779	22,231	25,218	-24,932	351	15,303	18,443	12,305	6,339	12,287	11,420	8,485	-3,653	12,109	12,067	9,641	6,361	873
Income/(loss) from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19,567	36,387	22,244	-	32,952	31,145	22,122	19,952	22,050	20,691	15,976	19,722	8,118
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-24	-3	-	-10	0	0	-82	2,745	-56	-16	2,017	-636
Net income
69,771	51,373	38,806	57,380	72,310	48,611	76,025	427,976	53,385	48,128	27,289	8,893	56,785	48,399	27,019	-	-	-	-	-	-	60,728	40,004	-	66,225	65,050	82,728	13,396	-19,567	36,363	22,241	-	-	-	22,122	-	24,795	20,635	15,960	21,739	7,482
Net income attributable to noncontrolling interest
2,979	-68	100	1,818	2,720	4,443	927	1,410	3,145	2,121	1,051	-41	0	0	0	-	-	-	-	-	-	-	-	-	538	280	165	0	0	0	0	-	-	-	-	-	-	-	-	78	67
Net income attributable to Genesee & Wyoming Inc.
66,792	51,441	38,706	55,562	69,590	44,168	75,098	426,566	50,240	46,007	26,238	8,934	56,785	48,399	27,019	84,934	63,362	52,837	23,904	-	72,650	-	-	-	-	-	-	-	-	-	-	-	32,942	31,145	-	-	-	-	-	21,661	7,415
Series A-1 Preferred Stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,139	4,375	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,276	65,687	64,770	80,424	9,021	-19,567	36,363	22,241	-	-	-	-	-	-	-	-	-	-
Basic earnings/(loss) per common share attributable to Genesee & Wyoming Inc. common stockholders:
Basic earnings/(loss) per common share from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.47	0.90	0.55	-	0.82	0.78	0.56	0.51	0.57	0.53	0.41	0.51	0.24
Basic loss per common share from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.07	0.00	0.00	0.05	-0.02
Basic earnings per common share attributable to Genesee & Wyoming Inc. common stockholders:
1.18	0.91	0.69	0.96	1.18	0.74	1.21	6.92	0.82	0.75	0.43	0.15	0.99	0.85	0.47	1.48	1.12	0.94	0.43	1.57	1.31	1.10	0.73	1.04	1.20	1.19	1.57	0.15	-0.47	0.90	0.55	0.83	0.82	0.78	0.56	0.51	0.64	0.53	0.41	0.56	0.22
Weighted average shares - Basic
56,638	56,536	56,368	57,898	59,168	59,996	61,918	61,723	61,629	61,551	61,413	57,818	57,266	57,187	57,025	58,315	56,819	55,976	55,826	55,725	55,600	55,054	54,841	54,760	54,626	54,434	51,332	48,116	41,682	40,614	40,360	40,183	40,078	39,903	39,484	39,204	38,940	38,831	38,569	38,388	34,053
Diluted earnings/(loss) per common share attributable to Genesee & Wyoming Inc. common stockholders:
Diluted earnings/(loss) per common share from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.47	0.84	0.52	-	0.77	0.73	0.52	0.46	0.53	0.50	0.39	0.48	0.22
Diluted loss per common share from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-0.01	0.07	0.00	0.00	0.05	-0.02
Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders
1.16	0.90	0.68	0.95	1.16	0.73	1.19	6.83	0.80	0.74	0.42	0.14	0.98	0.83	0.47	1.45	1.10	0.92	0.42	1.54	1.27	1.07	0.70	1.03	1.16	1.14	1.46	0.13	-0.47	0.84	0.52	0.77	0.77	0.73	0.52	0.47	0.59	0.49	0.39	0.53	0.20
Weighted average shares - Diluted
57,532	57,272	57,132	58,615	60,131	60,879	62,887	62,611	62,477	62,415	62,353	58,763	58,180	58,117	57,964	59,282	57,846	57,143	57,121	57,021	57,014	56,948	56,905	56,806	56,738	56,676	56,496	77,348	41,682	43,153	43,081	42,965	42,821	42,757	42,545	42,521	41,894	41,723	41,418	41,183	36,907