| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | |
|---|---|---|---|---|---|---|
Lease revenue | ||||||
200,354 | 190,341 | 172,099 | 151,203 | 134,415 | 73,193 | |
Tax Cuts and Jobs Act regulatory adjustment | ||||||
- | -55,779 | - | - | - | - | |
Net revenues | ||||||
200,354 | 134,562 | 172,099 | 151,203 | - | - | |
General and administrative expense | ||||||
30,965 | 25,388 | 21,852 | 64,606 | 18,625 | 13,691 | |
Depreciation | ||||||
47,813 | 51,207 | 46,704 | 40,211 | 35,080 | 20,024 | |
Gain on 2017 asset exchange transaction | ||||||
- | 257 | - | - | - | - | |
Total operating costs and expenses | ||||||
78,778 | 76,338 | 68,556 | 104,817 | 53,705 | 33,715 | |
Income from operations | ||||||
121,576 | 58,224 | 103,543 | 46,386 | 80,710 | 39,478 | |
Other (expense) income | ||||||
Interest expense, net | ||||||
42,122 | 40,671 | 36,920 | 28,554 | 32,741 | 17,384 | |
Other income, net | ||||||
1,117 | 718 | 3,781 | 3,048 | -17,236 | 20,932 | |
Total other expense | ||||||
-41,005 | -39,953 | -33,139 | -25,506 | -49,977 | 3,548 | |
Income before income taxes | ||||||
80,571 | 18,271 | 70,404 | 20,880 | 30,733 | 43,026 | |
Income tax expense | ||||||
-4,581 | 1,218 | 1,103 | 949 | 953 | 616 | |
Net income | ||||||
85,152 | 17,053 | 69,301 | 19,931 | 29,780 | 42,410 | |
Less: Net income attributable to noncontrolling interest | ||||||
23,482 | 4,751 | 19,347 | 6,664 | 6,882 | 10,288 | |
Net income attributable to InfraREIT, Inc. | ||||||
61,670 | 12,302 | 49,954 | 13,267 | 22,898 | 32,122 | |
Net income attributable to InfraREIT, Inc. common stockholders per share: | ||||||
Basic | ||||||
1.40 | 0.28 | 1.14 | 0.31 | 0.65 | 1.07 | |
Diluted | ||||||
1.40 | 0.28 | 1.14 | 0.31 | 0.65 | 1.07 | |
Cash dividends declared per common share | ||||||
1.00 | 1.00 | 1.00 | 1.07 | 0.31 | - | |