Willscot corp (WSC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15
Revenues:
Modular leasing

188,352

-

-

-

177,292

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Modular leasing

-

-

191,294

187,509

-

178,064

141,660

101,249

97,262

80,560

75,320

72,954

68,987

-

-

-

-

-

-

Total revenues

255,821

271,515

272,340

266,125

253,685

257,404

218,924

140,333

134,751

120,382

116,162

110,077

99,321

103,055

110,611

110,278

102,668

0

0

Costs:
Modular leasing

49,809

-

-

-

47,235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Modular leasing

-

-

58,168

55,073

-

49,614

39,215

27,129

27,162

21,894

21,252

21,340

19,102

-

-

-

-

-

-

Depreciation of rental equipment

45,948

45,739

43,869

43,968

41,103

38,587

35,534

23,470

23,845

19,436

19,009

17,474

16,720

-

-

-

-

-

-

Gross Profit

106,190

102,660

103,426

103,896

103,331

102,877

80,946

54,640

50,921

46,780

41,269

39,583

37,938

38,307

42,547

46,959

40,380

-

-

Expenses:
Selling, general and administrative

74,968

57,903

68,159

71,623

73,319

90,026

71,897

47,734

45,214

61,841

36,097

31,652

32,761

-

-

-

-

-

-

Other depreciation and amortization

3,074

2,737

3,707

3,167

2,784

5,578

3,720

1,570

2,436

2,917

1,905

1,890

1,941

-

-

-

-

-

-

Impairment losses on goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

5,500

-

-

-

-

-

Impairment losses on long-lived assets

0

-2,228

0

2,786

2,290

1,600

0

0

0

-

-

-

-

-

-

-

-

-

-

Lease impairment expense and other related charges

1,700

-

-

-

3,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs

-60

-986

1,980

1,150

1,656

8,286

6,137

449

628

76

1,156

684

284

-

-

-

-

-

-

Currency losses (gains), net

-898

252

-234

354

316

-1,283

425

-572

-1,024

109

4,270

6,497

2,002

-

-

-

-

-

-

Other expense (income), net

-276

-1,093

1,053

1,289

951

-439

594

1,574

2,845

-1,235

-1,001

-461

-130

-

-

-

-

-

-

General and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99

10

Operating income

25,373

38,849

30,399

26,813

21,464

-4,303

211

5,889

4,464

-79,919

5,380

11,393

4,824

-16,046

7,025

6,024

-193

-99

-10

Interest expense

28,257

28,008

30,857

32,524

31,115

31,112

43,447

12,155

11,719

34,634

30,106

29,907

24,661

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

2,480

3,659

3,509

2,584

-

-

-

-

88

1

Loss on extinguishment of debt

-

-

0

-7,244

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Loss from operations before income tax

-2,884

9,330

-458

-12,955

-9,651

-35,415

-43,236

-6,266

-7,255

-112,073

-21,067

-15,005

-17,253

-

-

-

-

-

-

Income tax expense

800

-191

-1,200

-1,200

400

-25,100

-6,500

-6,600

-400

16,802

-7,600

-5,269

-4,869

-

-

-

-

-

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-128,907

-13,435

-9,736

-12,384

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

3,527

5,078

3,840

2,205

4,865

10,726

7,912

8,692

-

-

Net loss

-3,674

9,499

762

-11,775

-10,029

-10,387

-36,729

379

-6,835

-125,380

-8,357

-5,896

-10,179

-25,283

2,325

-933

-7,045

-

-

Net loss attributable to non-controlling interest, net of tax

-130

926

273

-862

-758

-817

-3,210

143

-648

-2,110

0

0

0

-

-

-

-

-

-

Net loss attributable to WillScot

-3,544

8,573

489

-10,913

-9,271

-9,570

-33,519

236

-6,187

-123,270

-8,357

-5,896

-10,179

-25,283

2,325

-933

-7,045

-11

-9

Net income (loss) per share attributable to WSC basic
Net income (loss) per share attributable to WillScot- basic (in USD per share)

-

-

0.00

-0.10

-

-

-0.37

0.00

-

-

-

-0.67

-

-

-

-

-

-

-

Discontinued operations - basic (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

0.26

-

-

-

-

-

-

-

(Loss) income per share attributable to WillScot common shareholders - basic and diluted
Net loss per share attributable to WillScot common shareholders (in USD per share)

-

-

-

-

-

-

-

-

-

-

-0.92

-

-0.85

-2.07

-0.58

-0.60

-1.08

-

-

Discontinued operations (in USD per share)

-

-

-

-

-

-

-

-

-

-

0.35

-

-

-

-

-

-

-

-

Income per share attributable to discontinued operations (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

-

0.15

0.33

0.74

0.54

0.60

-

-

Net (loss) income per share - basic (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

-0.41

-

-

-

-

-

0.00

0.00

Net income (loss) per share attributable to WSC diluted
Net income (loss) per share attributable to WillScot - diluted (in USD per share)

-

-

0.00

-0.10

-

-

-0.37

0.00

-

-

-

-0.67

-

-

-

-

-

-

-

Discontinued operations - diluted (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

0.26

-

-

-

-

-

-

-

Net (loss) income per share - diluted (in USD per share)

-

-

-

-

-

-

-

-

-

-

-

-0.41

-

-

-

-

-

0.00

0.00

Net loss per share attributable to WillScot - basic and diluted (in USD per share)

-0.03

-

-

-

-0.09

-

-

-

-0.08

-

-0.57

-

-0.70

-1.74

0.16

-0.06

-0.48

-

-

Weighted average shares:
Weighted average shares - basic (in shares)

-

-

108,720

108,693

-

-

90,726

78,432

-

-

-

14,545

-

-

-

-

-

13,347

14,318

Weighted average shares - diluted (in shares)

-

-

112,043

108,693

-

-

90,726

82,180

-

-

-

14,545

-

-

-

-

-

13,347

14,318

Weighted average shares - basic and diluted (in shares)

109,656

-

-

-

108,523

-

-

-

77,189

-

14,545

-

14,545

14,545

14,545

14,545

14,545

-

-

Receipts from issuance of common stock

4,580

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends declared per share (in USD per share)

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

-

-

-

-

-

-

Modular delivery and installation
Revenues

51,070

51,695

61,883

56,479

50,000

50,117

46,777

31,413

26,250

23,270

24,627

22,949

19,004

-

-

-

-

-

-

Cost of sales

43,865

47,932

54,364

48,468

43,343

45,912

42,390

30,127

25,521

21,073

23,932

22,339

18,133

-

-

-

-

-

-

New units
Revenues

9,613

21,084

11,536

11,624

14,841

20,019

20,920

5,236

7,428

11,880

9,609

9,396

5,486

-

-

-

-

-

-

Cost of sales

6,203

15,862

7,421

7,999

10,878

13,083

15,089

3,704

4,987

8,623

6,916

6,766

3,720

-

-

-

-

-

-

Rental units
Revenues

6,786

10,646

7,627

10,513

11,552

9,204

9,567

2,435

3,811

4,672

6,606

4,778

5,844

-

-

-

-

-

-

Cost of sales

3,806

6,647

5,092

6,721

7,795

7,331

5,750

1,263

2,315

2,576

3,784

2,575

3,708

-

-

-

-

-

-