Vertex Energy Inc. VTNR Income Statement

Vertex energy inc. (VTNR)

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 from Contract with Customer, Excluding Assessed Tax
160,248	163,365	162,579	175,412	178,673	180,720	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
-	-	-	-	-	-	-	-	-	-	-	-	118,716	98,078	87,898	98,699	123,390	146,942	188,638	226,279	249,239	258,904	243,103	213,030	176,062	161,967	147,453	136,818	133,000	134,573	133,655	127,761	124,259	109,722	91,671	77,237	0	0	0
Revenues - related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	19	23	0	0	0
[Revenues]
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109,740	91,691	77,261	0	0	0
Cost of revenues (exclusive of depreciation and amortization shown separately below)
126,769	134,777	140,611	150,832	151,113	151,314	147,797	133,900	128,570	124,226	116,622	110,387	98,090	81,759	76,499	88,142	112,608	136,246	182,936	222,593	242,802	246,999	221,151	189,336	158,048	145,628	133,578	124,644	122,630	124,788	125,531	120,788	115,571	101,666	84,103	70,797	0	0	0
Gross profit
33,478	28,588	21,967	24,580	27,559	29,406	32,466	28,201	23,526	21,272	18,587	20,813	20,626	16,319	11,399	10,557	10,781	10,696	5,701	3,686	6,437	11,905	21,951	23,694	18,013	16,339	13,874	12,173	10,369	9,785	8,124	6,973	8,688	8,074	7,587	6,463	0	0	0
Reduction of contingent liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Operating expenses:
Selling, general and administrative expenses (exclusive of acquisition related expenses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Acquisition related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	175	1,158	1,411	3,370	3,813	2,836	2,576	617	53	1,191	0	0	-	0	-	0	-	0	-	-	-	-
Selling, general and administrative expenses
25,535	24,182	22,788	22,293	21,629	21,927	17,130	18,860	20,501	21,685	27,662	26,859	26,122	26,431	22,838	23,909	24,843	24,789	26,619	25,108	25,297	22,400	19,863	16,213	11,217	9,287	9,914	0	0	-	0	-	4,268	4,099	3,697	3,400	0	0	0
Reduction of contingent liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Selling, general and administrative expenses
-	-	-	-	-	-	-	-	-	-	21,199	20,533	19,888	20,154	22,218	23,245	24,172	24,046	23,496	22,149	20,872	19,089	17,017	14,806	12,838	11,472	9,526	8,640	7,164	6,137	0	0	0	-	-	-	-	-	-
Depreciation and amortization
7,077	7,180	7,090	7,081	7,033	6,991	6,934	6,825	6,737	6,643	6,462	6,325	6,234	6,277	6,677	6,714	6,722	6,636	5,896	5,367	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
32,612	31,362	29,878	29,375	28,663	28,918	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
865	-2,774	-7,911	-4,795	-1,103	488	3,458	-729	-5,311	-7,056	-9,074	-6,045	-5,495	-10,112	-11,438	-13,351	-14,061	-14,093	-22,794	-21,421	-18,860	-10,494	2,115	5,630	6,796	7,051	6,060	4,090	1,912	2,391	2,176	2,792	4,419	3,974	3,889	3,063	0	0	0
Other income (expense):
Other income
0	-	0	0	0	-	0	0	-	-	0	0	0	-	0	0	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	654	2,650	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115	5	12	37	0	0	0	-	-	-	-	-	-	-	-	0	0
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets
-76	-74	25	25	5	45	65	91	56	0	0	0	0	-	0	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair Value Adjustment of Warrants
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	24	13	54	0	0	0	-	-	-	-	-	-	-	-	-	-
Gain (loss) on change in value of derivative warrant liability
-	-	3,220	-239	-	763	-2,681	859	768	2,120	2,002	1,696	2,956	49	3,568	3,321	3,493	5,479	2,635	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on futures contracts
-	-	-	-	-	-	-	-	-	-	-	-	-604	-548	-196	289	607	551	395	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Interest expense
2,652	3,070	3,155	3,128	3,237	3,281	3,243	3,178	2,949	3,483	3,062	2,728	2,515	3,094	3,449	3,814	3,965	3,580	3,808	3,991	4,092	2,636	1,788	936	392	422	420	354	241	135	33	8	33	62	84	106	0	0	0
Total other income (expense)
1,107	-2,711	1,010	-3,340	-3,740	-2,471	-5,858	-2,225	-2,120	-1,356	-1,264	-1,421	-239	6,044	6,720	6,641	6,990	-3,117	-2,907	-4,081	458	4,634	4,879	5,524	-393	-439	-432	-361	-255	-133	-32	-7	-33	-62	5	82	0	0	0
Income (loss) before income tax
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
1,983	-5,485	-6,901	-8,136	-4,844	-1,983	0	0	0	-	-	-	-5,735	-4,068	-4,718	-6,710	-7,071	-17,210	-25,701	-25,503	-18,401	-5,859	6,994	11,155	6,402	6,611	5,627	3,728	1,657	2,257	2,144	2,784	4,386	3,911	3,894	3,146	0	0	0
Income tax benefit (expense)
0	0	0	0	0	0	-274	-274	-274	-274	0	0	0	-117	-117	-117	-117	5,306	5,259	5,317	5,317	11	-1,620	-1,718	-1,706	-1,700	185	-1,489	-1,510	-1,400	-3,495	-1,777	-1,745	-1,841	51	48	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,973	-5,485	-6,901	-8,136	-4,844	-1,983	-2,125	-2,680	-7,158	-8,138	-10,338	-7,466	-5,735	-3,950	-4,600	-6,592	-6,953	-22,516	-30,961	-30,821	-23,719	-5,871	8,615	12,874	8,108	8,311	0	0	0	-	-	-	-	-	-	-	-	-	-
Net loss attributable to non-controlling interest and redeemable non-controlling interest
-730	-436	-216	-255	78	234	276	417	337	295	108	103	10	2	0	0	0	-	0	0	-	-325	106	106	450	431	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to Vertex Energy, Inc.
2,703	-5,048	-6,684	-7,880	-4,922	-2,217	-2,401	-3,097	-7,495	-8,433	-10,446	-7,570	-5,745	-3,952	-4,589	-6,551	-6,953	-22,516	-30,961	-30,821	-23,374	-5,546	8,508	12,767	7,658	7,879	5,442	5,217	3,167	3,658	5,639	4,561	6,131	5,753	3,843	3,097	0	0	0
Temporary Equity, Accretion to Redemption Value, Adjustment
13,245	2,279	1,184	-665	-642	0	1,644	2,068	1,922	1,713	1,736	1,747	1,808	1,762	1,654	1,664	1,192	805	444	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock, Accretion Of Discount
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on Series B and B1 Preferred Stock
1,565	1,627	1,641	2,417	2,539	2,687	2,704	1,931	1,814	1,677	4,383	4,467	9,866	9,822	7,072	6,971	1,153	780	402	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss available to common shareholders
-14,968	-11,445	-12,601	-13,324	-10,512	-8,037	-7,904	-7,097	-11,233	-11,824	-16,566	-13,785	-17,420	-15,537	-13,261	-15,186	-9,300	-24,102	-22,313	-12,339	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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