H&E Equipment Services, Inc. HEES Income Statement

H&e equipment services, inc. (HEES)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues:
Revenues
1,348,365	1,238,961	1,030,019	978,137	1,039,831	1,090,412	987,756	837,315	720,551	574,154	679,732
Cost of revenues:
Cost of revenues
849,195	800,427	670,111	642,526	694,099	742,474	685,920	580,013	527,848	438,215	514,234
Gross profit
499,170	438,534	359,908	335,611	345,732	347,938	301,836	257,302	192,703	135,939	165,498
Selling, general and administrative expenses
311,026	278,298	232,784	228,129	220,226	206,480	189,062	169,653	153,354	148,277	144,460
Impairment of goodwill
12,184	-	-	-	-	-	-	-	-	-	-
Merger costs
416	708	-5,782	-	-	-	-	-	-	-	-
Gain on sales of property and equipment, net
4,617	7,118	5,009	3,285	2,737	2,286	2,549	1,592	793	443	533
Impairment of goodwill and intangible assets
-	-	-	-	-	-	-	-	-	-	8,972
Income (loss) from operations
180,161	166,646	137,915	110,767	128,243	143,744	115,323	89,241	40,142	-11,895	12,599
Other income (expense):
Interest expense
68,277	63,707	54,958	53,604	54,030	52,353	51,404	35,541	28,727	29,076	31,339
Loss on early extinguishment of debt
-	-	-25,363	-	-	-	-	-10,180	-	0	-
Other, net
3,977	1,724	1,750	1,867	1,463	1,293	1,228	928	726	591	619
Total other expense, net
-64,300	-61,983	-78,571	-51,737	-52,567	-51,060	-50,176	-44,793	-28,001	-28,485	-30,720
Income (loss) before provision (benefit) for income taxes
115,861	104,663	59,344	59,030	75,676	92,684	65,147	44,448	12,141	-40,380	-18,121
Provision (benefit) for income taxes
28,650	28,040	-50,314	21,858	31,371	37,545	21,007	15,612	3,215	-14,920	-6,178
Net income (loss)
87,211	76,623	109,658	37,172	44,305	55,139	44,140	28,836	8,926	-25,460	-11,943
Net income (loss) per common share:
Basic
2.43	2.15	3.09	1.05	1.26	1.57	1.26	0.83	0.26	-0.73	-0.35
Diluted
2.42	2.13	3.07	1.05	1.25	1.56	1.26	0.82	0.26	-0.73	-0.35
Weighted average common shares outstanding:
Basic
35,859	35,677	35,516	35,393	35,272	35,159	35,041	34,890	34,759	34,668	34,607
Diluted
36,033	35,903	35,699	35,480	35,343	35,249	35,146	34,978	34,887	34,668	34,607
Dividends declared per common share outstanding
1.10	1.10	1.10	1.10	1.05	0.50	-	7.00	-	0.00	-
Equipment Rentals [Member]
Revenues
766,354	627,181	508,121	445,227	-	-	-	288,641	228,038	177,970	191,512
Cost of revenues
419,472	353,422	294,599	-	-	-	-	-	-	-	-
Gross profit
346,882	273,759	213,522	211,118	-	-	-	-	-	-	-
New Equipment Sales [Member]
Revenues
239,091	262,948	203,301	196,688	-	-	-	241,721	220,211	167,303	208,916
Cost of revenues
211,372	232,057	180,702	175,556	-	-	-	214,197	196,152	150,665	183,885
Gross profit
27,719	30,891	22,599	21,132	-	-	-	-	-	-	-
Impairment of goodwill
10,700	-	-	-	-	-	-	-	-	-	-
Used Equipment Sales [Member]
Revenues
139,349	125,125	107,329	96,910	-	-	-	104,563	85,347	62,286	86,982
Cost of revenues
92,021	86,052	74,132	66,738	-	-	-	73,988	65,042	48,269	70,305
Gross profit
47,328	39,073	33,197	30,172	-	-	-	-	-	-	-
Parts Sales [Member]
Revenues
123,855	120,454	114,253	115,989	-	-	-	99,621	94,511	86,686	100,500
Cost of revenues
90,963	88,263	83,135	84,327	-	-	-	72,323	69,222	63,902	72,786
Gross profit
32,892	32,191	31,118	31,662	-	-	-	-	-	-	-
Services Revenues [Member]
Revenues
67,941	63,488	62,873	64,673	-	-	-	56,554	53,954	49,629	58,730
Cost of revenues
21,946	21,328	21,111	21,839	-	-	-	21,977	21,024	18,751	21,825
Gross profit
45,995	42,160	41,762	42,834	-	-	-	-	-	-	-
Other [Member]
Revenues
11,775	39,765	34,142	58,650	-	-	-	46,215	38,490	30,280	33,092
Cost of revenues
13,421	19,305	16,432	59,957	-	-	-	44,510	43,028	37,851	35,445
Gross profit
-	-	-	-1,307	-	-	-	-	-	-	-
Rental Depreciation [Member]
Cost of revenues
-	208,453	169,455	162,415	-	-	-	102,966	86,781	78,583	87,902
Rental Expense [Member]
Cost of revenues
-	89,520	77,706	71,694	-	-	-	50,052	46,599	40,194	42,086