| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||
1,727,000 | 1,761,000 | 1,669,000 | 1,502,032 | 1,639,250 | 1,350,918 | 1,041,019 | 1,034,046 | 988,791 | 840,791 | 710,076 |
Revenue from product sales - utility | ||||||||||
- | - | - | - | - | - | - | - | 140,746 | 113,752 | 95,769 |
Financing and equipment lease income | ||||||||||
- | - | - | - | - | 1,836 | 3,563 | 4,536 | 4,992 | 7,843 | 4,758 |
Costs and expenses | ||||||||||
Cost of product sales - utility | ||||||||||
- | - | - | - | - | - | - | - | 116,413 | 90,542 | 73,907 |
Selling, general and administrative | ||||||||||
334,000 | 327,000 | 306,000 | 277,628 | 304,862 | 265,254 | 210,060 | 213,372 | 202,486 | 201,787 | 209,783 |
Fees To Manager Related Party | ||||||||||
32,000 | 45,000 | 71,000 | 68,486 | 354,959 | 168,182 | 85,367 | 89,227 | 15,475 | 10,051 | 4,846 |
Goodwill, Impairment Loss | ||||||||||
0 | 3,000 | 0 | 0 | - | - | - | - | - | - | 71,200 |
Depreciation | ||||||||||
195,000 | 193,000 | 178,000 | 175,518 | 215,243 | 98,442 | 39,150 | 31,587 | 33,815 | 29,721 | 36,813 |
Amortization of Intangible Assets | ||||||||||
59,000 | 68,000 | 64,000 | 60,997 | 101,435 | 42,695 | 34,651 | 34,601 | 42,107 | 34,898 | 60,892 |
Loss from customer contract termination | ||||||||||
- | - | - | - | - | - | -5,906 | 0 | 0 | - | - |
(Gain) loss on disposal of assets | ||||||||||
- | - | - | - | - | - | -226 | 1,358 | -1,522 | -17,869 | - |
Total operating expenses | ||||||||||
1,438,000 | 1,527,000 | 1,387,000 | 1,226,492 | 1,696,482 | 1,314,063 | 995,380 | 1,004,521 | 901,611 | 764,690 | 737,134 |
Operating income | ||||||||||
289,000 | 234,000 | 282,000 | 275,540 | -57,232 | 36,855 | 45,639 | 29,525 | 87,180 | 76,101 | -27,058 |
Other income (expense) | ||||||||||
Dividend income | ||||||||||
- | - | - | - | - | - | - | 0 | - | - | - |
Investment Income, Interest | ||||||||||
7,000 | 1,000 | 0 | 86 | 55 | 112 | 204 | 222 | 112 | 29 | 119 |
Interest expense | ||||||||||
154,000 | 113,000 | 87,000 | 95,613 | 123,079 | 73,196 | 37,044 | 46,623 | 59,361 | 106,834 | 95,456 |
Loss on extinguishment of debt | ||||||||||
- | - | - | - | - | - | -2,472 | 0 | 0 | - | - |
Equity in earnings and amortization charges of investee | ||||||||||
- | - | - | - | - | 26,391 | 39,115 | 32,327 | 22,763 | 31,301 | 22,561 |
Gain from acquisition/divestiture of businesses | ||||||||||
- | - | - | - | - | 1,027,054 | 0 | 0 | - | - | - |
Loss on derivative instruments | ||||||||||
- | - | - | - | - | - | - | - | - | - | -25,238 |
Other income, net | ||||||||||
-2,000 | -7,000 | 9,000 | 17,765 | 1,288 | -2,307 | 681 | 1,085 | 912 | 712 | 570 |
Net income from continuing operations before income taxes | ||||||||||
140,000 | 115,000 | 204,000 | 197,778 | -178,968 | 1,014,909 | 46,123 | 16,536 | 51,606 | 1,309 | -124,502 |
Income Tax Expense (Benefit) | ||||||||||
39,000 | 50,000 | -230,000 | 69,313 | -65,161 | -24,374 | 18,043 | 2,285 | 22,718 | -8,697 | -15,818 |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||||
101,000 | 65,000 | 434,000 | 128,465 | - | - | - | - | - | 10,006 | -108,684 |
Discontinued Operations | ||||||||||
Net income from discontinued operations before income taxes | ||||||||||
85,000 | 32,000 | 18,000 | 28,348 | - | - | - | - | - | - | - |
Benefit for income taxes | ||||||||||
33,000 | 2,000 | -4,000 | 1,944 | - | - | - | - | - | - | - |
Net income from discontinued operations | ||||||||||
52,000 | 30,000 | 22,000 | 26,404 | - | - | - | - | - | 81,323 | -21,860 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
153,000 | 95,000 | 456,000 | 154,869 | -113,807 | 1,039,283 | 28,080 | 14,251 | 28,888 | 91,329 | -130,544 |
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||||
101,000 | 65,000 | 434,000 | 128,465 | - | - | - | - | - | - | - |
Less: net loss attributable to noncontrolling interests | ||||||||||
0 | -3,000 | 0 | -3,608 | -5,270 | -2,745 | -3,174 | 930 | 1,545 | 659 | -1,377 |
Net income from continuing operations attributable to MIC | ||||||||||
101,000 | 68,000 | 434,000 | 132,073 | - | - | - | - | - | - | - |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||||
52,000 | 30,000 | 22,000 | 26,404 | - | - | - | - | - | - | - |
Less: net loss attributable to noncontrolling interests | ||||||||||
-3,000 | -39,000 | 5,000 | 2,096 | - | - | - | - | - | - | - |
Net income from discontinued operations attributable to MIC | ||||||||||
55,000 | 69,000 | 17,000 | 24,308 | - | - | - | - | - | - | - |
Net income attributable to MIC | ||||||||||
156,000 | 137,000 | 451,000 | 156,381 | -108,537 | 1,042,028 | 31,254 | 13,321 | 27,343 | 90,670 | -129,167 |
Basic income per share from continuing operations attributable to MIC (in dollars per share) | ||||||||||
1.17 | 0.80 | 5.22 | 1.63 | - | - | - | - | - | 0.21 | -2.43 |
Basic income per share from discontinued operations attributable to MIC (in dollars per share) | ||||||||||
0.65 | 0.80 | 0.20 | 0.30 | - | - | - | - | - | 1.78 | -0.44 |
Basic income per share attributable to MIC (in dollars per share) | ||||||||||
1.82 | 1.60 | 5.42 | 1.93 | -1.39 | 16.54 | 0.61 | 0.29 | 0.59 | 1.99 | -2.87 |
Weighted average number of shares outstanding: basic (in shares) | ||||||||||
86,178 | 85,233 | 83,204 | 80,892 | 77,997 | 62,990 | 51,381 | 46,635 | 45,995 | 45,549 | 45,020 |
Diluted income per share from continuing operations attributable to MIC (in dollars per share) | ||||||||||
1.17 | 0.80 | 4.94 | 1.55 | - | - | - | - | - | 0.21 | -2.43 |
Diluted income per share from discontinued operations attributable to MIC (in dollars per share) | ||||||||||
0.65 | 0.80 | 0.19 | 0.30 | - | - | - | - | - | 1.78 | -0.44 |
Diluted income per share attributable to MIC (in dollars per share) | ||||||||||
1.82 | 1.60 | 5.13 | 1.85 | -1.39 | 16.10 | 0.61 | 0.29 | 0.59 | 1.99 | -2.87 |
Weighted average number of shares outstanding: diluted (in shares) | ||||||||||
86,204 | 85,249 | 91,073 | 82,218 | 77,997 | 64,925 | 51,396 | 46,655 | 46,021 | 45,631 | 45,020 |
Cash dividends declared per share (in dollars per share) | ||||||||||
4.00 | 4.00 | 5.56 | 5.05 | 4.46 | 3.88 | 3.35 | 2.20 | 0.80 | - | - |
Service [Member] | ||||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||
1,484,000 | 1,515,000 | 1,446,000 | 1,288,562 | 1,288,501 | 1,064,682 | 770,360 | 768,617 | 203,532 | 204,852 | 215,349 |
Cost of services and product sales | ||||||||||
653,000 | 712,000 | 624,000 | 524,423 | 551,029 | 546,609 | 434,177 | 448,993 | 52,744 | 53,088 | 46,317 |
Product [Member] | ||||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||
243,000 | 246,000 | 223,000 | 213,470 | 350,749 | 284,400 | 267,096 | 260,893 | 639,521 | 514,344 | 394,200 |
Cost of services and product sales | ||||||||||
165,000 | 179,000 | 144,000 | 119,440 | 168,954 | 192,881 | 185,843 | 188,099 | 437,049 | 326,734 | 233,376 |