MACQUARIE INFRASTRUCTURE CORPORATION MIC Income Statement

Macquarie infrastructure corporation (MIC)

Income statement / TTM

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
Revenue
Revenue from Contract with Customer, Excluding Assessed Tax
1,661,000	1,727,000	1,740,000	1,756,000	1,776,000	1,761,000	1,649,492	1,681,553	1,684,543	1,669,000	1,631,050	1,598,513	1,557,102	1,502,032	1,615,844	1,611,029	1,637,139	1,639,250	1,643,038	1,615,967	1,473,221	1,350,918	1,206,303	1,081,384	1,053,008	1,041,019	1,031,913	1,027,447	1,033,396	1,034,046	1,032,780	1,025,105	1,013,776	988,791	951,934	905,048	0	0	0
Revenue from product sales - utility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	145,620	145,173	144,787	140,746	134,014	127,376	0	0	0
Financing and equipment lease income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,836	2,620	3,058	3,255	3,563	3,867	4,169	4,412	4,536	4,656	4,773	4,884	4,992	5,035	5,070	0	0	0
Costs and expenses
Cost of product sales - utility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	124,068	122,272	121,720	116,413	109,309	103,255	0	0	0
Selling, general and administrative
350,000	334,000	332,000	329,000	327,000	327,000	301,183	308,081	309,048	306,000	300,263	292,833	282,296	277,628	301,426	297,859	306,493	304,862	301,075	304,671	280,443	265,254	244,859	221,031	216,315	210,060	211,069	208,971	207,318	213,372	209,102	208,237	206,079	202,486	201,171	199,987	0	0	0
Fees To Manager Related Party
31,000	32,000	32,000	36,000	40,000	45,000	52,390	58,344	65,777	71,000	73,526	73,954	71,913	68,486	66,579	66,315	204,482	354,959	352,142	464,525	324,461	168,182	162,445	47,186	65,184	85,367	127,031	141,142	113,409	89,227	43,330	17,442	16,838	15,475	13,633	12,436	0	0	0
Goodwill, Impairment Loss
-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
198,000	195,000	195,000	195,000	194,000	193,000	148,247	157,256	167,319	178,000	176,146	177,379	179,978	175,518	225,075	218,903	211,042	215,243	200,195	183,083	143,710	98,442	70,960	45,041	42,049	39,150	37,613	35,170	33,291	31,587	30,614	33,090	34,156	33,815	32,878	30,008	0	0	0
Amortization of Intangible Assets
58,000	59,000	59,000	65,000	67,000	68,000	66,080	63,409	62,307	64,000	62,000	60,088	60,903	60,997	67,696	70,062	71,251	101,435	96,761	90,347	81,901	42,695	38,375	35,624	34,788	34,651	34,575	34,757	34,683	34,601	34,599	34,436	41,934	42,107	42,143	42,246	0	0	0
Loss from customer contract termination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-
(Gain) loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-886	-916	-53	-226	1,480	1,203	0	-	0	0	-	-	0	0	-	-	-
Total operating expenses
1,434,000	1,438,000	1,459,000	1,478,000	1,495,000	1,527,000	1,422,719	1,421,796	1,405,520	1,387,000	1,354,224	1,332,013	1,291,361	1,226,492	1,314,373	1,311,767	1,489,685	1,696,482	1,698,071	1,818,716	1,579,901	1,314,063	1,212,425	992,838	988,092	995,380	1,032,736	1,042,754	1,019,810	1,004,521	951,443	924,045	926,605	901,611	863,075	821,225	0	0	0
Operating income
227,000	289,000	281,000	278,000	281,000	234,000	226,773	259,757	279,023	282,000	276,826	266,500	265,741	275,540	301,471	299,262	147,454	-57,232	-55,033	-202,749	-106,680	36,855	-6,122	88,546	64,916	45,639	-823	-15,307	13,586	29,525	81,337	101,060	87,171	87,180	88,859	83,823	0	0	0
Other income (expense)
Dividend income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment Income, Interest
4,000	7,000	7,000	5,000	4,000	1,000	-129	-75	-34	0	130	103	87	86	106	100	82	55	41	30	54	112	127	156	174	204	288	359	314	222	124	17	110	112	106	107	0	0	0
Interest expense
154,000	154,000	166,000	158,000	137,000	113,000	67,871	69,162	79,518	87,000	68,474	60,054	64,200	95,613	131,723	165,613	148,453	123,079	133,298	95,103	90,706	73,196	54,376	53,577	43,369	37,044	38,737	38,114	41,302	46,623	49,464	48,958	57,899	59,361	73,817	98,153	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-
Equity in earnings and amortization charges of investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,391	34,867	42,450	42,940	39,115	39,359	37,772	33,288	32,327	31,990	27,437	23,902	22,763	21,872	25,210	0	0	0
Gain from acquisition/divestiture of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
-5,000	-2,000	10,000	-11,000	-3,000	-7,000	-13,893	12,080	7,818	9,000	5,269	16,985	15,518	17,765	18,740	2,823	3,140	1,288	-2,448	-2,399	-1,411	-2,307	3,245	3,253	1,364	681	1,354	774	1,135	1,085	352	1,303	1,209	912	2,074	378	0	0	0
Net income from continuing operations before income taxes
72,000	140,000	132,000	114,000	145,000	115,000	144,880	202,600	207,289	204,000	213,751	223,534	217,146	197,778	188,594	136,572	2,223	-178,968	-190,593	728,138	840,415	1,014,909	1,004,962	80,828	63,553	46,123	-1,031	-16,988	7,021	16,536	64,339	80,859	54,493	51,606	39,094	11,365	0	0	0
Income Tax Expense (Benefit)
24,000	39,000	51,000	46,000	56,000	50,000	-263,284	-239,737	-234,073	-230,000	74,188	77,663	76,219	69,313	72,973	55,090	5,339	-65,161	-63,608	-127,209	-88,193	-24,374	-29,689	28,602	22,027	18,043	-3,172	-10,759	266	2,285	25,781	32,676	22,253	22,718	13,671	-4,954	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
48,000	101,000	81,000	68,000	89,000	65,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Discontinued Operations
Net income from discontinued operations before income taxes
82,000	85,000	77,000	25,000	29,000	32,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Benefit for income taxes
35,000	33,000	29,000	3,000	1,000	2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from discontinued operations
47,000	52,000	48,000	22,000	28,000	30,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
95,000	153,000	129,000	90,000	117,000	95,000	466,164	480,337	470,362	456,000	165,967	172,275	167,331	154,869	115,621	81,482	-3,116	-113,807	-126,985	855,347	928,608	1,039,283	1,034,651	52,226	41,526	28,080	2,141	-6,229	6,755	14,251	38,558	48,183	32,240	28,888	25,423	101,531	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
48,000	101,000	81,000	68,000	89,000	65,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: net loss attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	0	-11,067	-6,690	-4,806	-3,608	-875	-3,626	-5,936	-5,270	-6,494	-4,517	-4,052	-2,745	-2,232	-4,071	-4,223	-3,174	-3,259	657	1,655	930	2,915	4,285	1,970	1,545	1,430	-1,936	0	0	0
Net income from continuing operations attributable to MIC
48,000	101,000	84,000	71,000	92,000	68,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
47,000	52,000	48,000	22,000	28,000	30,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: net loss attributable to noncontrolling interests
-2,000	-3,000	-10,000	-10,000	-10,000	-39,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from discontinued operations attributable to MIC
49,000	55,000	58,000	32,000	38,000	69,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to MIC
97,000	156,000	142,000	103,000	130,000	137,000	485,870	503,965	491,985	451,000	174,938	176,869	170,041	156,381	116,496	85,108	2,820	-108,537	-120,491	859,864	932,660	1,042,028	1,036,883	56,297	45,749	31,254	5,400	-6,886	5,100	13,321	35,643	43,898	30,270	27,343	23,993	103,467	0	0	0
Basic income per share from continuing operations attributable to MIC (in dollars per share)
0.13	0.17	0.18	0.07	0.75	-0.01	0.02	0.32	0.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	0.02
Basic income per share from discontinued operations attributable to MIC (in dollars per share)
0.00	-0.01	0.53	0.06	0.07	0.00	0.23	0.13	0.44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.87
Basic income per share attributable to MIC (in dollars per share)
0.13	0.16	0.71	0.13	0.82	-0.01	0.25	0.45	0.91	4.18	0.48	0.32	0.44	0.89	0.52	0.24	0.28	0.50	0.13	-0.80	-1.22	1.44	14.57	0.17	0.36	0.31	0.20	-0.02	0.12	-0.21	-0.04	0.24	0.30	0.26	0.14	-0.05	0.24	0.20	1.89
Weighted average number of shares outstanding: basic (in shares)
86,686	86,491	86,276	86,073	85,872	85,654	85,378	85,082	84,821	84,604	83,644	82,430	82,138	81,867	81,220	80,369	80,113	79,969	79,625	79,246	73,150	71,026	68,005	56,559	56,369	54,007	53,043	50,889	47,584	46,967	46,684	46,532	46,356	46,259	46,088	45,901	45,730	45,715	45,467
Diluted income per share from continuing operations attributable to MIC (in dollars per share)
0.13	0.19	0.18	0.07	0.73	-0.01	0.02	0.32	0.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.20	0.02
Diluted income per share from discontinued operations attributable to MIC (in dollars per share)
0.00	0.00	0.53	0.06	0.06	0.00	0.23	0.13	0.44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.86
Diluted income per share attributable to MIC (in dollars per share)
0.13	0.19	0.71	0.13	0.79	-0.01	0.25	0.45	0.91	3.89	0.48	0.32	0.44	0.82	0.51	0.24	0.28	0.50	0.13	-0.80	-1.22	1.70	13.87	0.17	0.36	0.31	0.20	-0.02	0.12	-0.21	-0.04	0.24	0.30	0.26	0.14	-0.05	0.24	0.20	1.88
Weighted average number of shares outstanding: diluted (in shares)
86,718	78,501	86,303	86,099	93,913	85,678	85,398	85,091	84,830	111,789	87,916	82,439	82,147	80,629	85,750	81,323	81,171	79,251	80,343	79,246	73,150	75,230	71,517	56,572	56,382	54,036	53,056	50,889	47,603	47,003	46,684	46,553	46,379	46,310	46,109	45,901	45,762	45,747	45,604
Cash dividends declared per share (in dollars per share)
0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.44	1.42	1.38	1.32	1.31	1.29	1.25	1.20	1.15	1.13	1.11	1.07	1.02	0.98	0.95	0.93	0.91	0.87	0.87	0.68	0.68	0.68	0.62	0.20	0.20	0.20	0.20	0.20	-	-
Service [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
1,422,000	1,484,000	1,495,000	1,509,000	1,530,000	1,515,000	1,518,931	1,516,151	1,485,196	1,446,000	1,413,194	1,378,949	1,340,125	1,288,562	1,257,300	1,253,152	1,274,740	1,288,501	1,312,697	1,310,785	1,188,245	1,064,682	1,194,798	1,075,667	920,684	770,360	909,749	767,179	768,323	768,617	208,995	208,201	204,694	203,532	209,188	203,562	0	0	0
Cost of services and product sales
630,000	653,000	662,000	675,000	693,000	712,000	702,962	689,180	656,294	624,000	607,629	588,923	562,666	524,423	502,674	506,515	534,075	551,029	579,869	599,992	567,072	546,609	687,023	639,621	536,197	434,177	541,585	445,555	447,266	448,993	53,529	54,345	53,251	52,744	57,329	54,787	0	0	0
Product [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
239,000	243,000	245,000	247,000	246,000	246,000	130,561	165,402	199,347	223,000	217,856	219,564	216,977	213,470	358,544	357,877	362,399	350,749	330,341	304,803	283,887	284,400	79,999	73,773	165,990	267,096	157,839	260,106	262,054	260,893	673,509	666,958	659,411	639,521	603,697	569,040	0	0	0
Cost of services and product sales
167,000	165,000	179,000	175,000	171,000	179,000	148,857	145,526	144,775	144,000	134,660	138,836	133,605	119,440	151,468	152,658	162,887	168,954	169,639	176,419	181,769	192,881	63,281	60,092	119,089	185,843	112,534	179,585	185,711	188,099	457,801	453,599	451,105	437,049	404,869	377,281	0	0	0