Vertex Energy Inc. VTNR Income Statement

Vertex energy inc. (VTNR)

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	Sep'10	Jun'10
Revenue from Contract with Customer, Excluding Assessed Tax
36,203	42,588	37,799	43,657	39,320	41,801	50,632	46,917	41,368	-	32,470	36,912	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	-	-	-	-	-	-	-	-	-	-	-	34,770	31,055	28,461	24,428	14,132	20,875	39,262	49,119	37,684	62,572	76,903	72,079	47,349	46,770	46,830	35,111	33,254	32,256	36,195	31,293	34,827	31,339	30,301	27,790	20,290	13,288	15,867
Revenues - related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17	1	3
[Revenues]
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,339	30,301	27,790	20,308	13,290	15,870
Cost of revenues (exclusive of depreciation and amortization shown separately below)
26,836	31,045	32,372	36,515	34,844	36,879	42,593	36,796	35,045	33,362	28,696	31,466	30,701	25,758	22,462	19,168	14,371	20,497	34,104	43,635	38,008	67,188	73,761	63,844	42,205	41,340	41,945	32,556	29,785	29,290	33,011	30,542	31,942	30,034	28,268	25,325	18,038	12,471	14,962
Gross profit
9,366	11,543	5,426	7,141	4,476	4,922	8,039	10,121	6,323	7,982	3,773	5,446	4,069	5,297	5,999	5,260	-238	378	5,157	5,484	-324	-4,616	3,142	8,235	5,144	5,429	4,884	2,554	3,469	2,965	3,183	750	2,885	1,305	2,032	2,465	2,270	818	908
Reduction of contingent liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,876	-	-	-	0	-1,850	-	-	-	-	-	-	-	-	-	-	-
Operating expenses:
Selling, general and administrative expenses (exclusive of acquisition related expenses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	997	-	-	-	-
Acquisition related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	5	0	157	994	259	1,959	600	17	0	0	36	-	1,154	-	0	-	0	-	-	-	-
Selling, general and administrative expenses
6,700	6,652	6,153	6,028	5,347	5,258	5,658	5,364	5,645	462	7,388	7,004	6,829	6,438	6,585	6,268	7,138	2,845	7,656	7,202	7,084	4,675	6,145	7,391	4,187	2,138	2,495	2,395	2,258	-	2,764	-	1,194	1,069	997	1,006	1,026	667	700
Reduction of contingent liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Selling, general and administrative expenses
-	-	-	-	-	-	-	-	-	-	5,690	5,359	5,229	4,918	5,025	4,714	5,495	6,982	6,052	5,641	5,370	6,432	4,706	4,363	3,587	4,359	2,495	2,395	2,221	2,413	1,610	919	1,194	-	-	-	-	-	-
Depreciation and amortization
1,634	1,846	1,815	1,780	1,737	1,756	1,806	1,733	1,694	1,700	1,697	1,645	1,600	1,520	1,560	1,553	1,642	1,920	1,597	1,561	1,556	-	1,180	1,068	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
8,335	8,499	7,968	7,809	7,084	7,015	7,465	7,097	7,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
1,031	3,044	-2,541	-667	-2,608	-2,093	574	3,023	-1,016	877	-3,614	-1,558	-2,760	-1,140	-586	-1,008	-7,377	-2,467	-2,498	-1,718	-7,408	-11,168	-1,126	843	956	1,441	2,389	2,008	1,211	450	418	-168	1,690	235	1,034	1,458	1,244	151	208
Other income (expense):
Other income
0	-	918	1	0	-	0	0	-	-	1	2	1	-	1	2	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,995	0	0	2,650	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109	0	0	4	0	7	25	-	-	-	-	-	-	-	-	89	100
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	6,481	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets
0	-105	0	29	2	-5	0	8	42	14	25	-26	-13	-	-68	0	-	-	-	-	-70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair Value Adjustment of Warrants
-1,698	-	-	-	1,705	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,701	-	0	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10	0	9	3	0	40	-	-	-	-	-	-	-	-	-	-
Gain (loss) on change in value of derivative warrant liability
-	-	1,290	746	-	2,888	-2,169	475	-431	-556	1,371	384	920	-674	1,065	1,645	-1,986	2,844	818	1,816	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on futures contracts
-	-	-	-	-	-	-	-	-	-	-	-	0	-196	-90	-317	55	155	395	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Interest expense
340	747	826	738	757	833	798	847	802	794	733	618	1,336	373	399	406	1,915	728	763	556	1,531	956	947	657	75	108	95	112	106	106	28	0	0	4	3	25	29	26	25
Total other income (expense)
1,358	-1,671	1,382	38	-2,460	2,049	-2,967	-362	-1,191	-1,336	665	-257	-426	-1,244	508	924	5,856	-568	429	1,272	-4,251	-358	-744	5,812	-75	-113	-99	-105	-121	-106	-28	0	-0	-4	-3	-25	-29	62	74
Income (loss) before income tax
-	-	-	-	-	-	-	-	-	-	-2,949	-1,815	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
2,400	1,372	-1,158	-629	-5,068	-43	-2,393	2,661	-2,208	-	-	-	-3,187	-2,385	-77	-84	-1,521	-3,035	-2,069	-445	-11,660	-11,526	-1,871	6,656	881	1,328	2,289	1,903	1,090	344	390	-167	1,690	230	1,031	1,433	1,215	214	282
Income tax benefit (expense)
0	0	0	0	0	0	0	0	0	-274	0	0	0	0	0	0	-117	0	0	0	5,306	-46	57	0	0	-1,678	-40	12	6	207	-1,714	-8	116	-1,887	3	22	19	5	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
2,390	1,372	-1,158	-629	-5,068	-43	-2,393	2,661	-2,208	-184	-2,949	-1,815	-3,187	-2,385	-77	-84	-1,403	-3,035	-2,069	-445	-16,966	-11,480	-1,929	6,656	881	3,006	2,329	1,891	1,083	-	-	-	-	-	-	-	-	-	-
Net loss attributable to non-controlling interest and redeemable non-controlling interest
-398	-62	-67	-202	-105	157	-105	131	50	200	34	51	8	13	30	-41	0	-	0	0	-	0	0	-344	18	431	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Vertex Energy, Inc.
2,788	1,434	-1,091	-427	-4,963	-201	-2,287	2,530	-2,258	-385	-2,983	-1,867	-3,196	-2,398	-107	-42	-1,403	-3,035	-2,069	-445	-16,966	-11,480	-1,929	7,001	862	2,574	2,329	1,891	1,083	137	2,105	-159	1,574	2,118	1,028	1,410	1,196	208	282
Temporary Equity, Accretion to Redemption Value, Adjustment
10,966	-103	1,849	532	0	-1,198	0	556	642	445	424	410	433	468	435	471	386	360	444	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock, Accretion Of Discount
932	-	550	-	560	-	1,152	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on Series B and B1 Preferred Stock
344	389	419	412	406	403	1,194	534	554	420	420	418	417	3,126	504	5,817	373	377	402	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss available to common shareholders
-9,453	-229	-3,911	-1,373	-5,931	-1,385	-4,635	1,439	-3,455	-1,252	-3,829	-2,696	-4,047	-5,994	-1,047	-6,331	-2,163	-3,718	-2,972	-445	-16,966	-	-1,929	7,001	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share [Abstract]
Basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-0.12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in dollars per share)
-0.21	-0.01	-0.09	-0.03	-0.15	-0.03	-0.13	0.03	-0.10	-	-0.12	-0.08	-	-0.20	-0.03	-0.21	-0.07	-0.13	-0.11	-0.02	-0.60	-0.50	-0.08	0.31	0.04	0.14	0.13	0.11	0.06	-0.02	0.17	-0.02	0.17	0.23	0.11	0.17	0.14	0.03	0.03
Diluted (in dollars per share)
-0.21	-0.01	-0.09	-0.03	-0.15	-0.03	-0.13	0.03	-0.10	-	-0.12	-0.08	-	-0.20	-0.03	-0.21	-0.07	-0.13	-0.11	-0.02	-0.60	-0.47	-0.08	0.28	0.04	0.12	0.12	0.10	0.05	0.04	0.13	-0.02	0.10	0.14	0.06	0.10	0.09	0.02	0.02
Shares used in computing earnings per share
Basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	32,953	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in shares)
45,372	42,088	41,376	40,294	40,195	40,136	35,144	33,300	33,063	-	32,655	32,350	-	32,436	30,576	29,765	29,304	28,276	28,198	28,130	28,118	26,020	25,151	22,826	21,232	19,116	17,715	17,409	17,079	16,726	12,255	10,136	9,434	9,376	9,187	8,535	8,440	8,315	8,258
Diluted (in shares)
45,372	42,088	41,376	40,294	40,195	36,423	35,144	37,013	33,063	-	32,655	32,350	-	32,436	30,576	29,765	29,304	28,276	28,198	28,130	28,118	21,493	25,151	24,847	23,738	20,707	19,997	19,887	20,139	17,370	16,484	10,136	15,473	15,376	15,851	13,937	13,935	13,581	13,629