New Fortress Energy Inc
NASDAQ:NFE
Income Statement
Earnings Waterfall
New Fortress Energy Inc
Revenue
|
2.4B
USD
|
Cost of Revenue
|
-727.9m
USD
|
Gross Profit
|
1.7B
USD
|
Operating Expenses
|
-647.8m
USD
|
Operating Income
|
1B
USD
|
Other Expenses
|
-489.7m
USD
|
Net Income
|
547.9m
USD
|
Income Statement
New Fortress Energy Inc
Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||
Revenue |
106
N/A
|
112
+6%
|
117
+4%
|
130
+11%
|
151
+16%
|
189
+25%
|
234
+24%
|
289
+23%
|
376
+30%
|
452
+20%
|
523
+16%
|
652
+25%
|
820
+26%
|
1 323
+61%
|
1 682
+27%
|
2 043
+21%
|
2 471
+21%
|
2 368
-4%
|
2 442
+3%
|
2 419
-1%
|
2 201
-9%
|
2 413
+10%
|
|
Gross Profit | |||||||||||||||||||||||
Cost of Revenue |
(90)
|
(96)
|
(108)
|
(127)
|
(150)
|
(183)
|
(209)
|
(229)
|
(244)
|
(243)
|
(269)
|
(313)
|
(395)
|
(627)
|
(751)
|
(914)
|
(1 162)
|
(986)
|
(847)
|
(801)
|
(586)
|
(728)
|
|
Gross Profit |
17
N/A
|
17
N/A
|
8
-51%
|
3
-65%
|
0
-86%
|
6
+1 350%
|
25
+328%
|
60
+142%
|
132
+120%
|
209
+58%
|
254
+21%
|
339
+34%
|
425
+25%
|
696
+64%
|
931
+34%
|
1 129
+21%
|
1 308
+16%
|
1 382
+6%
|
1 595
+15%
|
1 617
+1%
|
1 615
0%
|
1 685
+4%
|
|
Operating Income | |||||||||||||||||||||||
Operating Expenses |
(64)
|
(75)
|
(126)
|
(148)
|
(183)
|
(188)
|
(184)
|
(199)
|
(212)
|
(240)
|
(260)
|
(304)
|
(345)
|
(413)
|
(468)
|
(497)
|
(539)
|
(572)
|
(575)
|
(594)
|
(632)
|
(648)
|
|
Selling, General & Administrative |
(61)
|
(72)
|
(112)
|
(132)
|
(167)
|
(180)
|
(172)
|
(182)
|
(188)
|
(208)
|
(223)
|
(247)
|
(267)
|
(314)
|
(346)
|
(364)
|
(403)
|
(430)
|
(432)
|
(446)
|
(471)
|
(460)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(4)
|
(6)
|
(7)
|
(8)
|
(12)
|
(17)
|
(25)
|
(32)
|
(37)
|
(56)
|
(78)
|
(98)
|
(123)
|
(132)
|
(137)
|
(143)
|
(143)
|
(149)
|
(161)
|
(187)
|
|
Other Operating Expenses |
0
|
0
|
(10)
|
(10)
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(48)
N/A
|
(59)
-23%
|
(118)
-101%
|
(145)
-23%
|
(182)
-26%
|
(182)
0%
|
(159)
+13%
|
(139)
+12%
|
(80)
+42%
|
(31)
+61%
|
(6)
+80%
|
35
N/A
|
80
+127%
|
284
+254%
|
463
+63%
|
632
+37%
|
769
+22%
|
810
+5%
|
1 020
+26%
|
1 023
+0%
|
983
-4%
|
1 038
+6%
|
|
Pre-Tax Income | |||||||||||||||||||||||
Interest Income Expense |
(8)
|
(11)
|
(13)
|
(18)
|
(19)
|
(7)
|
(28)
|
(33)
|
(44)
|
(50)
|
(60)
|
(90)
|
(120)
|
(152)
|
(178)
|
(184)
|
(202)
|
(237)
|
(375)
|
(389)
|
(389)
|
(384)
|
|
Non-Reccuring Items |
(1)
|
(10)
|
0
|
0
|
0
|
(5)
|
(15)
|
(139)
|
(163)
|
(157)
|
(159)
|
(64)
|
(43)
|
(56)
|
(46)
|
(70)
|
(89)
|
(88)
|
(124)
|
(72)
|
(54)
|
(26)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
0
|
|
Total Other Income |
1
|
1
|
3
|
2
|
0
|
(10)
|
(3)
|
(9)
|
(14)
|
(21)
|
(15)
|
10
|
10
|
15
|
34
|
38
|
35
|
48
|
41
|
25
|
30
|
27
|
|
Pre-Tax Income |
(56)
N/A
|
(79)
-41%
|
(127)
-62%
|
(160)
-26%
|
(201)
-26%
|
(204)
-1%
|
(204)
0%
|
(320)
-57%
|
(300)
+6%
|
(259)
+14%
|
(239)
+8%
|
(109)
+54%
|
(73)
+33%
|
91
N/A
|
272
+200%
|
417
+53%
|
513
+23%
|
534
+4%
|
563
+5%
|
588
+4%
|
577
-2%
|
654
+13%
|
|
Net Income | |||||||||||||||||||||||
Tax Provision |
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(2)
|
(5)
|
(4)
|
(8)
|
(10)
|
(13)
|
36
|
127
|
121
|
123
|
45
|
(57)
|
(72)
|
(116)
|
|
Income from Continuing Operations |
(56)
|
(78)
|
(128)
|
(160)
|
(201)
|
(204)
|
(204)
|
(320)
|
(302)
|
(264)
|
(243)
|
(117)
|
(83)
|
78
|
309
|
544
|
634
|
657
|
608
|
531
|
505
|
539
|
|
Income to Minority Interest |
0
|
0
|
47
|
92
|
139
|
171
|
176
|
160
|
112
|
82
|
32
|
(2)
|
6
|
4
|
(0)
|
13
|
11
|
10
|
11
|
2
|
(5)
|
(1)
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
39
|
23
|
14
|
65
|
(347)
|
(363)
|
(472)
|
(512)
|
(137)
|
(105)
|
10
|
|
Net Income (Common) |
(56)
N/A
|
(78)
-40%
|
(81)
-3%
|
(68)
+16%
|
(61)
+10%
|
(34)
+45%
|
(29)
+15%
|
(160)
-457%
|
(190)
-19%
|
(182)
+4%
|
(212)
-16%
|
(80)
+62%
|
(54)
+33%
|
97
N/A
|
373
+285%
|
210
-44%
|
281
+34%
|
195
-31%
|
106
-45%
|
395
+272%
|
395
0%
|
548
+39%
|
|
EPS (Diluted) |
-0.32
N/A
|
-0.47
-47%
|
-5.72
-1 117%
|
-3.08
+46%
|
-2.69
+13%
|
-1.62
+40%
|
-1.1
+32%
|
-0.69
+37%
|
-1.11
-61%
|
-1.71
-54%
|
-1.19
+30%
|
-0.39
+67%
|
-0.25
+36%
|
0.48
N/A
|
1.77
+269%
|
0.99
-44%
|
1.34
+35%
|
0.93
-31%
|
0.51
-45%
|
1.92
+276%
|
1.91
-1%
|
2.65
+39%
|