Hostess brands, inc. (TWNK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15
Net revenue

243,485

216,666

227,211

241,060

222,738

214,815

210,982

215,849

208,743

196,222

192,250

203,178

184,538

111,998

-

-

-

-

-

Cost of goods sold

164,148

145,890

156,791

157,610

147,550

146,014

150,604

148,992

137,502

115,428

113,885

114,734

105,243

73,284

-

-

-

-

-

Gross profit

79,337

70,776

70,420

83,450

75,188

68,801

60,378

66,857

71,241

80,794

78,365

88,444

79,295

38,714

-

-

-

-

-

Operating costs and expenses:
Advertising and marketing

10,063

9,589

10,627

10,696

8,863

7,698

9,563

8,938

8,870

8,700

8,871

8,111

7,322

5,245

-

-

-

-

-

Selling expense

18,120

6,897

6,992

8,310

8,520

7,466

7,467

7,751

7,387

7,668

7,606

8,700

8,112

5,033

-

-

-

-

-

General and administrative

25,195

14,940

17,736

19,276

17,471

13,444

13,569

11,185

14,562

9,527

14,494

15,739

13,183

7,322

-

-

-

-

-

Amortization of customer relationships

6,500

5,600

5,800

6,000

6,000

6,106

6,000

6,000

5,994

6,040

5,994

5,994

5,872

3,900

-

-

-

-

-

Business combination transaction costs

4,282

-

-

-

0

-

-

-

-

0

0

0

0

0

-

-

-

-

-

Impairment of property and equipment

-

-

-

-

-

-

-

-

-

-

1,003

0

0

-

-

-

-

-

-

Related party expenses

-

-

-

-

-

-

-

-

-

-

92

108

83

26,799

-

-

-

-

-

Tax receivable agreement liability remeasurement

-

-

-

-

-

-

-

-

-

-

-1,589

0

-

0

-

-

-

-

-

Other operating expense

-27

11,728

-5,739

-2,278

1,761

5,319

-92

1,660

-1,556

-

-

-

-

0

-

-

-

-

-

Total operating costs and expenses

64,171

31,242

46,849

46,569

39,078

38,457

36,685

32,208

38,369

-19,967

39,649

38,652

34,572

48,321

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

Professional fees and other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,257

2,091

234

337

73

State franchise taxes, other than income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

45

45

-65

135

Operating income

15,166

39,534

23,571

36,881

36,110

30,344

23,693

34,649

32,872

100,761

38,716

49,792

44,723

-9,607

-2,302

-2,136

-279

-272

-208

Other expense:
Interest expense, net

11,725

9,519

9,813

10,302

10,236

10,341

9,974

9,749

9,340

9,343

9,966

10,035

9,830

6,649

-

-

-

-

-

Gain on buyout of tax receivable agreement

-

-

0

0

-

0

0

0

-12,372

0

0

0

0

0

-

-

-

-

-

Other expense

-553

-483

0

-846

-440

-13

36

-86

-83

-2,563

-2,304

239

714

9

-

-

-

-

-

Total other expense

-12,278

-10,002

-9,813

-11,148

-10,676

-10,354

-9,938

-9,835

2,949

-10,000

-12,270

-10,274

-10,544

-6,640

-

-

-

-

-

Income before income taxes

2,888

29,532

13,758

25,733

25,434

19,990

13,755

24,814

35,821

90,761

26,446

39,518

34,179

-16,247

-

-

-

-

-

Income tax expense (benefit)

248

5,977

3,029

9,064

-1,178

3,638

2,603

194

6,519

-98,811

10,316

11,311

9,980

-7,762

-

-

-

-

-

Net income

2,640

23,555

10,729

16,669

26,612

16,352

11,152

24,620

29,302

189,572

16,130

28,207

24,199

-8,485

-

-

-

-

-

Less: Net income attributable to the non-controlling interest

292

1,834

1,944

5,186

5,486

4,522

3,211

5,337

5,461

9,886

6,581

9,377

8,367

-4,081

-

-

-

-

-

Other income - Interest and dividend income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

161

152

72

9

1

Net income attributable to Class A stockholders

2,348

21,721

8,785

11,483

21,126

11,830

7,941

19,283

23,841

179,686

9,549

18,830

15,832

-4,404

-2,141

-1,983

-206

-263

-206

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

27,745

-

-

-

-

-

-

-

Earnings per Class A share:
Basic (usd per share)

0.02

0.17

0.08

0.11

0.21

0.12

0.08

0.19

0.24

1.81

0.10

0.19

0.16

-0.05

-

-

-

-

-

Diluted (usd per share)

0.02

0.17

0.07

0.10

0.21

0.12

0.08

0.18

0.23

1.71

0.09

0.18

0.15

-0.05

-

-

-

-

-

Weighted-average shares outstanding:
Basic (shares)

123,123

121,807

115,196

105,072

100,085

100,035

99,958

99,939

99,895

99,686

99,557

98,943

98,250

97,791

-

-

-

-

-

Diluted (shares)

126,075

127,388

121,122

109,509

100,777

99,616

102,963

104,773

105,041

103,852

105,418

107,184

104,773

97,791

-

-

-

-

-

Weighted average common shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,124

11,027

10,937

12,337

9,375

Basic and diluted
Net loss per common share:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.19

-0.18

-0.02

-0.02

-0.02

Predecessor
Amortization of customer relationships

-

-

-

-

-

-

-

-

-

-

-

-

-

1,200

-

-

-

-

-