STAR GROUP, L.P. SGU Income Statement

Star group, l.p. (SGU)

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	Dec'10	Jun'10
Sales:
Total sales
543,063	508,945	235,887	283,376	699,582	535,027	229,618	327,354	684,031	436,834	181,584	225,801	532,052	384,118	162,064	218,194	462,025	319,055	167,161	245,604	762,309	499,217	222,362	326,511	892,241	520,610	177,608	262,524	785,139	516,525	174,046	232,476	629,592	461,474	153,172	246,772	731,865	459,501	176,761
Cost and expenses:
(Increase) decrease in the fair value of derivative instruments
-11,670	6,417	-5,845	-1,630	13,401	-31,039	4,102	7,515	-11,609	11,400	9,219	-3,135	-12,442	8,551	-1,854	11,283	14,324	-5,536	-13,943	5,415	12,631	-8,290	-11,227	3,308	-4,105	5,458	-347	-1,910	3,447	-7,965	9,911	-11,225	16,981	-7,118	-13,411	-16,323	13,261	13,906	-2,324
Delivery and branch expenses
85,463	96,726	73,007	82,669	110,684	102,673	76,459	83,312	106,605	91,204	65,547	67,640	92,214	81,133	57,738	64,052	90,509	64,194	59,509	64,575	106,107	78,834	55,471	66,347	92,428	68,400	44,703	53,798	83,322	68,387	41,146	46,760	61,713	67,757	48,998	53,828	81,975	65,961	45,076
Depreciation and amortization expenses
9,089	9,050	9,073	8,225	7,858	7,745	8,190	7,941	7,703	7,741	7,177	7,418	6,726	6,561	6,571	6,468	6,725	6,766	6,351	6,204	6,217	6,158	6,599	5,760	4,917	4,359	4,296	4,328	4,321	4,358	4,329	4,608	3,829	3,629	4,188	4,420	4,699	4,577	4,083
General and administrative expenses
5,422	6,506	5,278	5,472	9,849	7,815	5,461	5,894	6,221	6,651	6,854	6,235	5,556	6,353	5,841	6,017	5,088	6,420	6,818	6,173	6,861	6,056	5,597	5,140	6,449	5,406	4,547	4,557	4,761	4,491	4,762	4,008	4,554	5,365	5,193	5,328	5,264	4,924	5,748
Finance charge income
1,321	713	939	1,872	1,443	851	967	1,438	1,532	763	766	1,308	1,285	695	599	945	1,014	521	714	1,699	1,517	826	1,199	2,460	2,207	1,004	574	1,685	2,174	1,088	-	-	-	-	-	-	-	-	-
Operating income
86,117	42,451	-43,782	-29,933	105,002	6,063	-41,654	-8,817	85,473	31,066	-27,126	-19,811	69,032	33,237	-29,606	-2,955	96,319	23,646	-61,182	-10,073	134,095	30,773	-40,188	-10,797	93,953	36,887	-19,800	-8,001	75,228	18,578	-3,150	-20,051	72,879	8,581	-36,483	-28,266	87,959	43,651	-13,881
Interest expense, net
-2,756	-2,679	-2,487	-2,967	-3,194	-2,516	-2,060	-2,186	-2,383	-2,087	-1,657	-1,619	-1,712	-1,787	-2,004	-1,731	-1,891	-1,859	-3,292	-3,491	-3,816	-3,460	-3,530	-5,427	-4,274	-3,623	-3,466	-3,536	-4,014	-3,417	-24,776	3,435	3,829	3,452	-28,111	3,918	4,319	4,220	3,103
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,538	1,208	728	-	2,018	1,241	532	1,421
Amortization of debt issuance costs
253	235	276	253	244	259	254	418	307	309	309	336	324	312	313	307	315	312	609	406	403	400	397	394	390	421	420	415	418	492	489	486	385	274	396	618	732	694	660
Loss on redemption of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,700	-
Income before income taxes
83,108	39,537	-46,545	-33,153	101,564	3,288	-36,925	-11,421	82,783	28,670	-29,092	-21,766	66,996	31,138	-31,923	-4,993	94,113	21,475	-72,428	-13,970	129,876	26,913	-44,115	-16,618	89,289	32,843	-23,686	-11,952	70,796	14,669	-10,457	-22,434	69,873	5,583	-43,867	-30,784	84,149	37,569	-16,223
Income tax expense
24,700	11,782	-12,640	-10,055	29,239	973	-15,475	-3,416	28,005	-1,512	-11,345	-8,434	27,292	12,863	-12,828	-1,755	38,904	9,417	-27,102	-5,611	54,189	11,359	-18,287	-7,026	37,073	13,555	-9,749	-4,364	29,117	4,917	-4,822	-10,645	29,391	2,652	-17,169	-12,587	35,468	17,011	-6,232
Net income
58,408	27,755	-33,905	-23,098	72,325	2,315	-21,450	-8,005	54,778	30,182	-17,747	-13,332	39,704	18,275	-19,095	-3,238	55,209	12,058	-45,326	-8,359	75,687	15,554	-25,828	-9,592	52,216	19,288	-13,937	-7,588	41,679	9,752	-5,635	-11,789	40,482	2,931	-26,698	-18,197	48,681	20,558	-9,991
General Partner’s interest in net income
409	192	-524	150	454	15	759	49	-319	-175	415	79	-233	-105	110	19	-313	-68	257	47	-428	-88	146	54	-294	-109	78	41	-225	-53	30	62	-213	-15	-362	-88	236	99	-47
Limited Partners’ interest in net income
57,999	27,563	-33,681	-22,948	71,871	2,300	-21,319	-7,956	54,459	30,007	-17,644	-13,253	39,471	18,170	-18,985	-3,219	54,896	11,990	-45,069	-8,312	75,259	15,466	-25,682	-9,538	51,922	19,179	-13,859	-7,547	41,454	9,699	-5,605	-11,727	40,269	2,916	-26,566	-18,109	48,445	20,459	-9,944
Basic and diluted income per Limited Partner Unit:
1.03	0.49	-0.38	-0.46	1.15	0.04	-0.22	-0.15	0.81	0.45	-0.17	-0.24	0.59	0.28	-0.22	-0.06	0.79	0.19	-0.58	-0.15	1.08	0.24	-0.30	-0.17	0.75	0.29	-0.13	-0.13	0.58	0.15	-	-0.19	-	-	-	-	0.61	0.26	-0.14
Weighted average number of Limited Partner units outstanding:
Basic and Diluted
46,244	47,266	48,981	49,943	51,427	52,905	53,588	53,938	55,642	55,888	55,889	55,888	55,888	55,887	56,377	57,188	57,242	57,281	57,282	57,282	57,282	57,294	57,457	57,468	57,468	57,511	57,873	59,370	59,837	60,556	61,037	61,024	61,474	64,189	66,054	67,078	67,078	67,078	69,469
Product
Total sales
481,275	432,688	159,281	210,657	637,400	458,707	158,227	256,447	622,962	366,734	114,769	158,531	475,485	316,291	97,495	156,229	404,340	252,950	105,678	184,891	706,004	435,012	163,441	267,694	839,953	463,387	122,457	208,862	732,949	454,470	122,746	181,751	584,208	406,669	103,001	198,450	686,452	404,968	130,168
Installations and services
Total sales
61,788	76,257	76,606	72,719	62,182	76,320	71,391	70,907	61,069	70,100	66,815	67,270	56,567	67,827	64,569	61,965	57,685	66,105	61,483	60,713	56,305	64,205	58,921	58,817	52,288	57,223	55,151	53,662	52,190	62,055	51,300	50,725	45,384	54,805	50,171	48,322	45,413	54,533	46,593
Cost of product
Cost and expenses
285,350	287,673	121,639	155,055	415,639	306,226	125,563	186,207	403,293	242,780	82,584	104,268	288,941	199,593	66,297	103,568	219,864	150,102	72,514	133,053	462,815	309,249	135,465	215,826	639,564	358,577	100,091	163,515	571,790	356,613	102,140	146,034	459,224	316,673	82,578	154,379	519,154	301,672	93,345
Cost of installations and services
Cost and expenses
61,273	73,669	65,766	62,130	65,394	74,317	60,668	61,770	64,659	69,555	56,533	58,224	58,426	66,487	53,968	53,272	58,858	62,912	52,126	52,786	60,362	60,683	49,390	50,003	53,032	53,443	43,998	44,102	51,338	57,221	39,123	39,892	44,374	52,351	40,101	40,760	46,075	52,622	40,066