Erin Energy Corp
JSE:ERN
Income Statement
Earnings Waterfall
Erin Energy Corp
Income Statement
Erin Energy Corp
| Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
4
|
7
|
10
|
15
|
18
|
21
|
23
|
22
|
22
|
20
|
25
|
26
|
28
|
|
| Revenue |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
+67%
|
0
+50%
|
12
+8 227%
|
21
+70%
|
32
+49%
|
32
0%
|
39
+24%
|
40
+2%
|
39
-3%
|
44
+12%
|
24
-46%
|
22
-7%
|
75
+241%
|
33
-56%
|
53
+61%
|
67
+26%
|
64
-5%
|
62
-3%
|
57
-8%
|
54
-5%
|
54
+0%
|
34
-37%
|
19
-44%
|
29
+51%
|
68
+139%
|
73
+7%
|
97
+32%
|
96
0%
|
78
-19%
|
104
+34%
|
127
+22%
|
132
+4%
|
101
-23%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
(1)
|
(0)
|
(12)
|
(19)
|
(59)
|
(51)
|
(41)
|
(36)
|
(31)
|
(7)
|
(4)
|
(4)
|
(42)
|
(20)
|
(44)
|
(66)
|
(70)
|
(74)
|
(65)
|
(77)
|
(95)
|
(93)
|
(72)
|
(66)
|
(88)
|
(88)
|
(116)
|
(114)
|
(93)
|
(97)
|
(111)
|
(112)
|
(83)
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
(0)
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
(0)
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
(1)
N/A
|
(0)
+96%
|
0
N/A
|
3
+1 344%
|
(27)
N/A
|
(20)
+29%
|
(2)
+89%
|
4
N/A
|
8
+78%
|
37
+363%
|
19
-48%
|
18
-6%
|
33
+81%
|
13
-60%
|
9
-30%
|
1
-90%
|
(7)
N/A
|
(12)
-80%
|
(9)
+28%
|
(23)
-172%
|
(41)
-75%
|
(59)
-45%
|
(53)
+10%
|
(37)
+30%
|
(19)
+49%
|
(15)
+24%
|
(20)
-36%
|
(18)
+12%
|
(15)
+13%
|
7
N/A
|
16
+116%
|
20
+26%
|
18
-8%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(8)
|
(9)
|
(10)
|
(10)
|
(12)
|
(13)
|
(15)
|
(17)
|
(236)
|
(242)
|
(58)
|
(32)
|
(30)
|
(24)
|
(27)
|
(65)
|
(29)
|
(36)
|
(36)
|
(37)
|
(38)
|
(38)
|
(55)
|
(52)
|
(51)
|
(52)
|
(80)
|
(136)
|
(398)
|
(414)
|
(385)
|
(121)
|
(141)
|
(159)
|
(152)
|
(72)
|
|
| Selling, General & Administrative |
0
|
0
|
(3)
|
0
|
0
|
0
|
(5)
|
(2)
|
(3)
|
(5)
|
(9)
|
(6)
|
(8)
|
(9)
|
(12)
|
(13)
|
(13)
|
(14)
|
(15)
|
(12)
|
(12)
|
(12)
|
(11)
|
(12)
|
(13)
|
(13)
|
(14)
|
(15)
|
(16)
|
(16)
|
(14)
|
(13)
|
(14)
|
(15)
|
(16)
|
(16)
|
(14)
|
(14)
|
(14)
|
(13)
|
(16)
|
(15)
|
(11)
|
|
| Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(5)
|
(5)
|
(14)
|
(19)
|
(20)
|
(24)
|
(16)
|
(12)
|
(12)
|
(8)
|
(39)
|
(39)
|
(40)
|
(40)
|
(5)
|
|
| Depreciation & Amortization |
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(4)
|
(4)
|
(11)
|
(12)
|
(14)
|
(17)
|
(10)
|
(12)
|
(51)
|
(13)
|
(18)
|
(18)
|
(17)
|
(16)
|
(17)
|
(33)
|
(24)
|
(28)
|
(23)
|
(45)
|
(97)
|
(101)
|
(116)
|
(91)
|
(58)
|
(79)
|
(101)
|
(95)
|
(55)
|
|
| Other Operating Expenses |
(2)
|
(2)
|
0
|
(3)
|
(4)
|
(5)
|
(0)
|
(5)
|
(4)
|
(3)
|
(2)
|
(5)
|
(5)
|
(4)
|
0
|
(217)
|
(217)
|
(31)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
9
|
5
|
4
|
(7)
|
(268)
|
(272)
|
(272)
|
(10)
|
(10)
|
(2)
|
(2)
|
(1)
|
|
| Operating Income |
(2)
N/A
|
(2)
-7%
|
(3)
-25%
|
(3)
-9%
|
(4)
-19%
|
(5)
-17%
|
(6)
-21%
|
(8)
-39%
|
(9)
-12%
|
(10)
-17%
|
(11)
-14%
|
(12)
-5%
|
(13)
-9%
|
(13)
+2%
|
(44)
-245%
|
(255)
-480%
|
(244)
+4%
|
(53)
+78%
|
(24)
+55%
|
7
N/A
|
(4)
N/A
|
(9)
-98%
|
(32)
-274%
|
(16)
+51%
|
(27)
-69%
|
(35)
-32%
|
(44)
-24%
|
(50)
-15%
|
(47)
+6%
|
(78)
-66%
|
(93)
-19%
|
(111)
-19%
|
(105)
+5%
|
(117)
-11%
|
(155)
-33%
|
(413)
-166%
|
(434)
-5%
|
(402)
+7%
|
(136)
+66%
|
(134)
+2%
|
(144)
-7%
|
(132)
+8%
|
(54)
+59%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(3)
|
(4)
|
(7)
|
(11)
|
(15)
|
(19)
|
(11)
|
(7)
|
(6)
|
(4)
|
(19)
|
(22)
|
(22)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(186)
|
(186)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(261)
|
0
|
0
|
0
|
(1)
|
0
|
(77)
|
(77)
|
(77)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(2)
N/A
|
(2)
+2%
|
(2)
-24%
|
(3)
-7%
|
(3)
-27%
|
(4)
-24%
|
(5)
-33%
|
(7)
-37%
|
(8)
-13%
|
(10)
-18%
|
(12)
-17%
|
(12)
-3%
|
(13)
-9%
|
(199)
-1 433%
|
(230)
-16%
|
(255)
-11%
|
(244)
+4%
|
(53)
+78%
|
(24)
+55%
|
6
N/A
|
(5)
N/A
|
(9)
-89%
|
(33)
-267%
|
(16)
+50%
|
(27)
-66%
|
(36)
-31%
|
(43)
-22%
|
(50)
-16%
|
(48)
+5%
|
(80)
-66%
|
(96)
-21%
|
(115)
-19%
|
(112)
+2%
|
(129)
-15%
|
(432)
-235%
|
(432)
+0%
|
(445)
-3%
|
(409)
+8%
|
(143)
+65%
|
(137)
+4%
|
(240)
-75%
|
(231)
+4%
|
(153)
+34%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(6)
|
(7)
|
(8)
|
(10)
|
(12)
|
(12)
|
(13)
|
(199)
|
(231)
|
(256)
|
(245)
|
(55)
|
(25)
|
6
|
(4)
|
(8)
|
(33)
|
(16)
|
(27)
|
(36)
|
(43)
|
(50)
|
(48)
|
(80)
|
(96)
|
(115)
|
(112)
|
(129)
|
(432)
|
(432)
|
(445)
|
(409)
|
(143)
|
(137)
|
(240)
|
(231)
|
(153)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
|
| Net Income (Common) |
(2)
N/A
|
(2)
+2%
|
(2)
-24%
|
(3)
-8%
|
(3)
-27%
|
(4)
-25%
|
(5)
-32%
|
(7)
-37%
|
(8)
-13%
|
(10)
-18%
|
(12)
-17%
|
(12)
-2%
|
(13)
-9%
|
(199)
-1 459%
|
(231)
-16%
|
(256)
-11%
|
(247)
+3%
|
(59)
+76%
|
(25)
+58%
|
2
N/A
|
(8)
N/A
|
(5)
+35%
|
(30)
-493%
|
(13)
+57%
|
(23)
-81%
|
(36)
-54%
|
(44)
-22%
|
(50)
-16%
|
(48)
+5%
|
(80)
-66%
|
(96)
-21%
|
(114)
-19%
|
(111)
+2%
|
(128)
-15%
|
(431)
-237%
|
(430)
+0%
|
(444)
-3%
|
(408)
+8%
|
(142)
+65%
|
(136)
+4%
|
(239)
-75%
|
(230)
+4%
|
(152)
+34%
|
|
| EPS (Diluted) |
-0.16
N/A
|
-0.11
+31%
|
-0.19
-73%
|
-0.15
+21%
|
-0.21
-40%
|
-0.26
-24%
|
-0.34
-31%
|
-0.45
-32%
|
-0.51
-13%
|
-0.59
-16%
|
-0.68
-15%
|
-0.61
+10%
|
-0.23
+62%
|
-3.41
-1 383%
|
-4.82
-41%
|
-4.09
+15%
|
-3.9
+5%
|
-0.93
+76%
|
-0.4
+57%
|
0.03
N/A
|
-0.12
N/A
|
-0.07
+42%
|
-0.28
-300%
|
-0.2
+29%
|
-0.36
-80%
|
-0.57
-58%
|
-0.3
+47%
|
-0.44
-47%
|
-0.24
+45%
|
-0.37
-54%
|
-0.49
-32%
|
-0.53
-8%
|
-0.51
+4%
|
-0.59
-16%
|
-2.04
-246%
|
-2.02
+1%
|
-2.09
-3%
|
-1.92
+8%
|
-0.67
+65%
|
-0.65
+3%
|
-1.12
-72%
|
-1.08
+4%
|
-0.71
+34%
|
|