H&E Equipment Services, Inc. HEES Income Statement

H&e equipment services, inc. (HEES)

Income statement / Quarterly

Mar'20	Dec'19	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	Sep'10	Jun'10
Revenues:
Revenues
285,922	348,133	352,997	333,597	313,638	345,974	322,141	310,364	260,482	294,666	259,162	249,363	226,828	244,346	244,686	242,095	247,010	273,208	276,853	262,360	227,410	297,761	275,044	280,378	237,229	259,579	270,449	245,340	212,388	250,117	204,509	209,024	173,665	217,019	184,289	184,335	134,908	153,844	131,006
Cost of revenues:
Cost of revenues
180,439	219,572	220,869	208,816	199,938	222,858	207,411	202,261	167,897	193,796	165,136	162,023	149,156	159,712	156,561	160,387	165,866	183,057	184,016	175,956	151,070	202,741	183,978	191,310	164,445	177,935	190,149	169,928	147,908	176,624	137,586	144,789	121,014	160,968	130,548	136,540	99,792	115,924	98,627
Gross profit
105,483	128,561	132,128	124,781	113,700	123,116	114,730	108,103	92,585	100,870	94,026	87,340	77,672	84,634	88,125	81,708	81,144	90,151	92,837	86,404	76,340	95,020	91,066	89,068	72,784	81,644	80,300	75,412	64,480	73,493	66,923	64,235	52,651	56,051	53,741	47,795	35,116	37,920	32,379
Selling, general and administrative expenses
79,624	77,243	77,296	77,840	78,647	73,026	70,346	69,046	65,880	60,456	55,203	59,807	57,318	55,744	55,962	57,049	59,374	57,642	54,704	54,414	53,466	54,156	51,585	51,883	48,856	48,715	46,977	47,106	46,264	45,149	42,402	41,399	40,703	38,673	39,042	37,546	38,093	36,594	36,765
Impairment of goodwill
61,994	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger costs
40	102	47	148	119	269	219	68	152	-	-6,506	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of property and equipment, net
4,264	2,278	718	880	741	1,078	1,153	4,114	773	578	2,325	1,135	971	984	927	712	662	968	339	972	458	354	512	757	663	834	609	606	500	114	514	641	323	272	372	52	97	125	135
Income (loss) from operations
-31,911	41,310	55,503	47,673	35,675	50,899	45,318	43,103	27,326	40,268	47,654	28,668	21,325	29,874	33,090	25,371	22,432	33,477	38,472	32,962	23,332	41,218	39,993	37,942	24,591	33,763	33,932	28,912	18,716	28,458	25,035	23,477	12,271	17,650	15,071	10,301	-2,880	1,451	-4,251
Other income (expense):
Interest expense
16,030	16,824	17,331	17,267	16,855	16,646	16,715	15,693	14,653	13,293	15,060	13,373	13,232	13,375	13,469	13,353	13,407	13,355	13,481	13,749	13,445	13,610	13,171	12,922	12,650	12,854	13,193	13,085	12,272	11,873	9,825	6,973	6,870	7,120	7,222	7,178	7,207	7,287	7,203
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-25,363	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,180	-	-	-	-	-	-	-	-
Other, net
630	2,368	588	489	532	502	368	459	395	594	346	373	437	362	386	689	430	380	501	228	354	350	293	344	306	283	237	201	507	177	243	151	357	100	118	185	323	10	106
Total other expense, net
-15,400	-14,456	-16,743	-16,778	-16,323	-16,144	-16,347	-15,234	-14,258	-12,699	-40,077	-13,000	-12,795	-13,013	-13,083	-12,664	-12,977	-12,975	-12,980	-13,521	-13,091	-13,260	-12,878	-12,578	-12,344	-12,571	-12,956	-12,884	-11,765	-11,696	-19,762	-6,822	-6,513	-7,020	-7,104	-6,993	-6,884	-7,277	-7,097
Income (loss) before provision (benefit) for income taxes
-47,311	26,854	38,760	30,895	19,352	34,755	28,971	27,869	13,068	27,569	7,577	15,668	8,530	16,861	20,007	12,707	9,455	20,502	25,492	19,441	10,241	27,958	27,115	25,364	12,247	21,192	20,976	16,028	6,951	16,762	5,273	16,655	5,758	10,630	7,967	3,308	-9,764	-5,826	-11,348
Provision (benefit) for income taxes
-10,343	4,931	10,329	8,281	5,109	9,695	7,657	7,098	3,590	-58,359	-885	5,790	3,140	4,431	8,342	5,204	3,881	8,535	10,720	7,961	4,155	11,281	11,815	9,638	4,811	6,591	7,023	5,219	2,174	6,058	1,564	6,187	1,803	2,768	3,119	619	-3,291	-2,046	-4,255
Net income (loss)
-36,968	21,923	28,431	22,614	14,243	25,060	21,314	20,771	9,478	85,928	8,462	9,878	5,390	12,430	11,665	7,503	5,574	11,967	14,772	11,480	6,086	16,677	15,300	15,726	7,436	14,601	13,953	10,809	4,777	10,704	3,709	10,468	3,955	7,862	4,848	2,689	-6,473	-3,780	-7,093
Net income (loss) per common share:
Basic
-1.03	0.61	0.79	0.63	0.40	0.70	0.60	0.58	0.27	2.42	0.24	0.28	0.15	0.35	0.33	0.21	0.16	0.34	0.42	0.33	0.17	0.48	0.43	0.45	0.21	0.41	0.40	0.31	0.14	0.31	0.11	0.30	0.11	0.23	0.14	0.08	-0.19	-0.11	-0.20
Diluted
-1.03	0.60	0.79	0.63	0.40	0.70	0.59	0.58	0.26	2.40	0.24	0.28	0.15	0.35	0.33	0.21	0.16	0.33	0.42	0.33	0.17	0.47	0.43	0.45	0.21	0.41	0.40	0.31	0.14	0.30	0.11	0.30	0.11	0.23	0.14	0.08	-0.19	-0.11	-0.20
Weighted average common shares outstanding:
Basic
35,965	35,930	35,893	35,826	35,787	35,763	35,719	35,634	35,592	35,583	35,543	35,473	35,465	35,453	35,424	35,354	35,341	35,315	35,308	35,238	35,227	35,211	35,206	35,111	35,108	35,101	35,099	34,988	34,976	34,958	34,958	34,838	34,806	34,807	34,804	34,725	34,700	34,700	34,642
Diluted
35,965	36,097	36,046	36,016	35,973	35,901	35,926	35,906	35,879	35,829	35,715	35,631	35,621	35,538	35,504	35,480	35,398	35,422	35,350	35,314	35,286	35,277	35,266	35,235	35,218	35,196	35,169	35,122	35,097	35,025	34,974	34,964	34,949	35,082	34,860	34,906	34,700	34,700	34,642
Dividends declared per common share outstanding
0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.25	0.25	-	0.25	-	0.00	-	0.00	-	-	-	7.00	-	-	-	0.00	-	-	-	-
Equipment Rentals [Member]
Revenues
174,519	193,791	204,132	192,302	176,129	172,014	165,415	152,714	137,038	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98,814	86,224	-	89,420	83,728	75,370	80,700	77,808	70,504	59,629	62,598	61,190	55,772	48,478	48,272	41,675
Cost of revenues
102,360	105,407	109,574	106,300	98,191	93,804	93,003	86,774	79,841	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
72,159	88,384	94,558	86,002	77,938	78,210	72,412	65,940	57,197	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New Equipment Sales [Member]
Revenues
30,873	61,382	65,010	53,596	59,103	79,683	68,233	68,539	46,493	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90,581	69,547	-	90,220	73,436	53,323	87,011	49,009	64,704	40,997	86,582	46,543	57,913	29,173	47,697	28,962
Cost of revenues
27,426	54,734	57,475	47,064	52,099	69,592	60,394	61,226	40,845	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79,413	61,734	-	80,659	65,055	47,739	77,252	43,367	57,633	35,945	77,881	41,123	51,118	26,030	42,979	26,103
Gross profit
3,447	6,648	7,535	6,532	7,004	10,091	7,839	7,313	5,648	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Used Equipment Sales [Member]
Revenues
31,218	42,407	31,180	36,128	29,634	37,838	30,294	32,140	24,853	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,397	29,345	-	36,779	34,661	32,149	29,463	24,990	23,588	26,522	19,692	27,172	23,066	15,417	14,700	17,931
Cost of revenues
20,438	28,279	21,409	23,321	19,012	26,831	20,512	21,772	16,937	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,056	20,418	-	27,086	24,172	22,748	20,562	18,399	16,405	18,622	14,598	20,824	18,058	11,562	11,083	13,862
Gross profit
10,780	14,128	9,771	12,807	10,622	11,007	9,782	10,368	7,916	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Parts Sales [Member]
Revenues
29,769	30,057	31,499	31,871	30,428	30,538	31,484	30,281	28,151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,371	25,802	-	26,571	26,448	24,952	25,460	26,058	24,725	23,378	23,345	24,647	24,942	21,577	22,599	22,782
Cost of revenues
21,903	22,213	23,171	23,290	22,289	22,586	23,129	21,931	20,617	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,041	18,282	-	19,123	19,233	18,304	18,497	19,092	17,805	16,929	17,048	18,073	18,261	15,840	16,710	16,847
Gross profit
7,866	7,844	8,328	8,581	8,139	7,952	8,355	8,350	7,534	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services Revenues [Member]
Revenues
16,822	17,543	18,105	16,725	15,568	15,238	16,426	16,788	15,036	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,102	13,648	-	13,729	13,770	14,551	14,939	14,436	13,879	13,300	13,882	14,191	13,244	12,637	12,412	12,571
Cost of revenues
5,540	5,685	5,898	5,359	5,004	4,898	5,628	5,752	5,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,767	4,741	-	4,943	5,057	5,743	6,070	5,615	5,168	5,124	5,525	5,451	5,137	4,911	5,177	4,252
Gross profit
11,282	11,858	12,207	11,366	10,564	10,340	10,798	11,036	9,986	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other [Member]
Revenues
2,721	2,953	3,071	2,975	2,776	10,663	10,289	9,902	8,911	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,113	12,663	-	13,730	13,297	12,043	12,544	12,208	11,624	9,839	10,920	10,546	9,398	7,626	8,164	7,085
Revenues
-	-	-	-	-	-	-	-	-	-	16,725	15,549	14,294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenues
2,772	3,254	3,342	3,482	3,343	5,147	4,745	4,806	4,607	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,003	12,048	-	13,261	12,143	11,639	12,327	11,384	10,762	10,037	11,166	10,825	10,890	10,147	9,795	8,838
Cost of revenues
2,772	-	-	-	3,343	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenues
-	-	-	-	-	-	-	-	-	-	16,024	15,517	15,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
-	-	-	-507	-	-	-	5,096	4,304	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
-	-	-	-	-	-	-	-	-	-	701	32	-908	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Segments [Member]
Revenues
-	-	-	-	-	-	-	-	-	-	242,437	233,814	212,534	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
-	-	-	-	-	-	-	-	-	-	93,325	87,308	78,580	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental Depreciation [Member]
Cost of revenues
-	-	-	-	-	55,753	55,060	51,171	46,469	43,459	43,255	41,838	40,903	-	-	-	-	-	-	-	-	-	-	35,449	32,998	-	31,527	30,020	28,132	28,239	27,150	24,763	22,814	22,635	22,076	21,507	20,563	19,628	19,353
Rental Expense [Member]
Cost of revenues
-	-	-	-	-	23,239	22,936	22,073	21,272	19,182	19,988	20,162	18,374	-	-	-	-	-	-	-	-	-	-	15,581	14,224	-	13,550	14,248	13,603	13,677	12,579	12,253	11,543	12,115	12,176	11,569	10,739	10,552	9,372