Vertex Energy Inc
NASDAQ:VTNR
Income Statement
Earnings Waterfall
Vertex Energy Inc
Revenue
|
3.2B
USD
|
Cost of Revenue
|
-3B
USD
|
Gross Profit
|
144.2m
USD
|
Operating Expenses
|
-172.8m
USD
|
Operating Income
|
-28.6m
USD
|
Other Expenses
|
-42.9m
USD
|
Net Income
|
-71.5m
USD
|
Income Statement
Vertex Energy Inc
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 | Mar-2018 | Jun-2018 | 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 |
162
N/A
|
176
+9%
|
213
+21%
|
243
+14%
|
259
+6%
|
249
-4%
|
226
-9%
|
189
-17%
|
147
-22%
|
123
-16%
|
99
-20%
|
88
-11%
|
98
+12%
|
119
+21%
|
131
+11%
|
135
+3%
|
146
+8%
|
152
+5%
|
162
+7%
|
180
+11%
|
181
+0%
|
179
-1%
|
175
-2%
|
163
-7%
|
18
-89%
|
15
-17%
|
(50)
N/A
|
(72)
-43%
|
47
N/A
|
36
-24%
|
130
+262%
|
164
+27%
|
208
+26%
|
257
+24%
|
1 215
+372%
|
1 973
+62%
|
2 792
+41%
|
3 406
+22%
|
3 112
-9%
|
3 321
+7%
|
3 177
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(146)
|
(158)
|
(189)
|
(221)
|
(247)
|
(243)
|
(222)
|
(183)
|
(136)
|
(113)
|
(88)
|
(77)
|
(82)
|
(98)
|
(111)
|
(117)
|
(124)
|
(129)
|
(134)
|
(148)
|
(151)
|
(151)
|
(151)
|
(142)
|
(17)
|
(11)
|
41
|
59
|
(46)
|
(41)
|
(116)
|
(148)
|
(183)
|
(222)
|
(1 172)
|
(1 879)
|
(2 612)
|
(3 171)
|
(2 897)
|
(3 076)
|
(3 033)
|
|
Gross Profit |
16
N/A
|
18
+10%
|
24
+31%
|
22
-8%
|
12
-45%
|
7
-45%
|
4
-42%
|
6
+55%
|
11
+81%
|
11
+2%
|
11
-2%
|
12
+7%
|
16
+42%
|
21
+27%
|
21
+0%
|
19
-11%
|
21
+15%
|
24
+10%
|
28
+20%
|
32
+15%
|
29
-9%
|
28
-6%
|
25
-11%
|
21
-16%
|
1
-96%
|
5
+422%
|
(10)
N/A
|
(13)
-33%
|
1
N/A
|
(5)
N/A
|
13
N/A
|
16
+23%
|
25
+53%
|
35
+42%
|
43
+21%
|
95
+122%
|
180
+90%
|
235
+31%
|
215
-8%
|
245
+14%
|
144
-41%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(11)
|
(13)
|
(16)
|
(19)
|
(23)
|
(27)
|
(29)
|
(31)
|
(31)
|
(31)
|
(30)
|
(29)
|
(26)
|
(26)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(7)
|
(7)
|
4
|
9
|
(8)
|
(4)
|
(18)
|
(25)
|
(32)
|
(44)
|
(75)
|
(104)
|
(132)
|
(162)
|
(164)
|
(170)
|
(173)
|
|
Selling, General & Administrative |
(11)
|
(13)
|
(15)
|
(17)
|
(19)
|
(22)
|
(23)
|
(24)
|
(24)
|
(24)
|
(23)
|
(22)
|
(20)
|
(20)
|
(20)
|
(21)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(23)
|
(7)
|
(8)
|
1
|
5
|
(8)
|
(4)
|
(18)
|
(24)
|
(31)
|
(40)
|
(70)
|
(99)
|
(128)
|
(158)
|
(159)
|
(165)
|
(169)
|
|
Depreciation & Amortization |
0
|
0
|
(1)
|
(2)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
0
|
1
|
3
|
4
|
(0)
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
|
Other Operating Expenses |
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
|
0
|
(2)
|
(2)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
5
N/A
|
5
+8%
|
8
+52%
|
3
-65%
|
(11)
N/A
|
(20)
-77%
|
(25)
-22%
|
(25)
+1%
|
(20)
+18%
|
(20)
-1%
|
(19)
+3%
|
(18)
+10%
|
(10)
+43%
|
(6)
+44%
|
(6)
-11%
|
(9)
-49%
|
(7)
+22%
|
(5)
+25%
|
(1)
+87%
|
4
N/A
|
1
-80%
|
(1)
N/A
|
(5)
-336%
|
(8)
-65%
|
(6)
+28%
|
(2)
+63%
|
(6)
-181%
|
(5)
+24%
|
(7)
-58%
|
(9)
-27%
|
(5)
+43%
|
(9)
-73%
|
(7)
+16%
|
(9)
-18%
|
(32)
-266%
|
(9)
+70%
|
49
N/A
|
73
+50%
|
52
-29%
|
75
+45%
|
(29)
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(4)
|
(2)
|
(1)
|
2
|
0
|
(0)
|
0
|
(4)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(6)
|
(3)
|
(4)
|
(3)
|
1
|
(0)
|
4
|
4
|
3
|
1
|
(2)
|
(24)
|
(13)
|
(20)
|
(25)
|
(52)
|
(64)
|
(72)
|
(86)
|
(105)
|
(113)
|
(112)
|
|
Non-Reccuring Items |
2
|
2
|
4
|
6
|
8
|
8
|
4
|
2
|
1
|
1
|
1
|
1
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
10
|
10
|
10
|
10
|
(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
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
(1)
|
2
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
4
|
4
|
5
|
1
|
1
|
(0)
|
1
|
0
|
(0)
|
1
|
|
Pre-Tax Income |
7
N/A
|
6
-3%
|
11
+75%
|
7
-38%
|
(6)
N/A
|
(18)
-212%
|
(26)
-39%
|
(26)
-1%
|
(17)
+33%
|
(7)
+59%
|
(7)
+4%
|
(5)
+30%
|
(4)
+13%
|
(6)
-41%
|
(8)
-29%
|
(10)
-37%
|
(8)
+18%
|
(7)
+12%
|
(3)
+61%
|
(2)
+17%
|
(2)
+17%
|
(5)
-140%
|
(8)
-69%
|
(7)
+15%
|
(6)
+14%
|
2
N/A
|
(2)
N/A
|
(2)
+9%
|
(6)
-186%
|
(11)
-85%
|
(25)
-124%
|
(17)
+31%
|
(25)
-44%
|
(30)
-19%
|
(84)
-182%
|
(73)
+13%
|
(24)
+67%
|
(12)
+50%
|
(53)
-347%
|
(39)
+27%
|
(140)
-261%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
2
|
2
|
2
|
2
|
0
|
(5)
|
(5)
|
(5)
|
(5)
|
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
|
7
|
6
|
35
|
23
|
13
|
|
Income from Continuing Operations |
8
|
8
|
13
|
9
|
(6)
|
(24)
|
(31)
|
(31)
|
(23)
|
(7)
|
(7)
|
(5)
|
(4)
|
(6)
|
(8)
|
(10)
|
(8)
|
(7)
|
(3)
|
(2)
|
(2)
|
(5)
|
(8)
|
(7)
|
(6)
|
2
|
(2)
|
(2)
|
(6)
|
(11)
|
(25)
|
(17)
|
(25)
|
(30)
|
(84)
|
(73)
|
(17)
|
(6)
|
(18)
|
(16)
|
(126)
|
|
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
|
1
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
|
Net Income (Common) |
8
N/A
|
8
-3%
|
13
+66%
|
9
-33%
|
(6)
N/A
|
(23)
-325%
|
(31)
-32%
|
(32)
-4%
|
(24)
+24%
|
(9)
+61%
|
(15)
-63%
|
(13)
+13%
|
(16)
-17%
|
(17)
-12%
|
(14)
+21%
|
(17)
-20%
|
(12)
+28%
|
(11)
+4%
|
(7)
+36%
|
(8)
-11%
|
(8)
N/A
|
(11)
-31%
|
(13)
-27%
|
(13)
+5%
|
(11)
+10%
|
(15)
-32%
|
(25)
-66%
|
(25)
-2%
|
(31)
-22%
|
(21)
+33%
|
(30)
-43%
|
(18)
+41%
|
(21)
-18%
|
(26)
-28%
|
(73)
-178%
|
(59)
+20%
|
(5)
+91%
|
54
N/A
|
39
-27%
|
37
-6%
|
(71)
N/A
|
|
EPS (Diluted) |
0.36
N/A
|
0.32
-11%
|
0.51
+59%
|
0.36
-29%
|
-0.23
N/A
|
-0.84
-265%
|
-1.09
-30%
|
-1.13
-4%
|
-0.86
+24%
|
-0.33
+62%
|
-0.52
-58%
|
-0.44
+15%
|
-0.51
-16%
|
-0.54
-6%
|
-0.41
+24%
|
-0.5
-22%
|
-0.36
+28%
|
-0.34
+6%
|
-0.19
+44%
|
-0.23
-21%
|
-0.23
N/A
|
-0.28
-22%
|
-0.35
-25%
|
-0.31
+11%
|
-0.29
+6%
|
-0.34
-17%
|
-0.53
-56%
|
-0.55
-4%
|
-0.67
-22%
|
-0.42
+37%
|
-0.43
-2%
|
-0.27
+37%
|
-0.36
-33%
|
-0.41
-14%
|
-1.07
-161%
|
-0.6
+44%
|
-0.07
+88%
|
0.67
N/A
|
0.49
-27%
|
0.36
-27%
|
-0.83
N/A
|