Ultrapetrol (Bahamas) Ltd
OTC:ULTRF
Income Statement
Earnings Waterfall
Ultrapetrol (Bahamas) Ltd
Revenue
|
290.7m
USD
|
Cost of Revenue
|
-193.6m
USD
|
Gross Profit
|
97.1m
USD
|
Operating Expenses
|
-99.2m
USD
|
Operating Income
|
-2.1m
USD
|
Other Expenses
|
-107.4m
USD
|
Net Income
|
-109.5m
USD
|
Income Statement
Ultrapetrol (Bahamas) Ltd
Sep-2006 | Dec-2006 | Mar-2007 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
152
N/A
|
174
+14%
|
189
+9%
|
197
+5%
|
210
+6%
|
222
+6%
|
244
+10%
|
268
+10%
|
290
+8%
|
304
+5%
|
294
-3%
|
269
-9%
|
243
-10%
|
221
-9%
|
217
-2%
|
223
+3%
|
223
+0%
|
230
+3%
|
235
+2%
|
244
+4%
|
265
+9%
|
304
+15%
|
311
+2%
|
320
+3%
|
323
+1%
|
313
-3%
|
327
+4%
|
369
+13%
|
286
-22%
|
411
+44%
|
307
-25%
|
285
-7%
|
384
+35%
|
364
-5%
|
362
0%
|
359
-1%
|
355
-1%
|
347
-2%
|
330
-5%
|
308
-7%
|
291
-5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(90)
|
(98)
|
(102)
|
(110)
|
(120)
|
(131)
|
(142)
|
(152)
|
(164)
|
(165)
|
(163)
|
(154)
|
(144)
|
(141)
|
(140)
|
(143)
|
(145)
|
(151)
|
(159)
|
(174)
|
(191)
|
(225)
|
(240)
|
(247)
|
(256)
|
(254)
|
(256)
|
(283)
|
(296)
|
(297)
|
(301)
|
(284)
|
(277)
|
(268)
|
(265)
|
(265)
|
(254)
|
(242)
|
(227)
|
(204)
|
(194)
|
|
Gross Profit |
62
N/A
|
76
+22%
|
86
+14%
|
88
+2%
|
90
+3%
|
91
+1%
|
102
+13%
|
116
+14%
|
126
+9%
|
139
+10%
|
131
-6%
|
115
-12%
|
98
-14%
|
80
-19%
|
77
-4%
|
79
+4%
|
78
-2%
|
80
+2%
|
76
-5%
|
70
-8%
|
74
+6%
|
80
+8%
|
71
-11%
|
73
+3%
|
67
-9%
|
59
-12%
|
71
+20%
|
86
+22%
|
(10)
N/A
|
114
N/A
|
86
-24%
|
81
-6%
|
107
+33%
|
96
-10%
|
97
+1%
|
94
-3%
|
101
+7%
|
105
+5%
|
103
-2%
|
104
+0%
|
97
-6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(37)
|
(43)
|
(48)
|
(51)
|
(54)
|
(55)
|
(45)
|
(46)
|
(47)
|
(61)
|
(59)
|
(61)
|
(63)
|
(67)
|
(89)
|
(87)
|
(87)
|
(61)
|
(61)
|
(61)
|
(62)
|
(60)
|
(58)
|
(61)
|
(62)
|
(71)
|
(74)
|
(76)
|
(77)
|
(80)
|
(81)
|
(84)
|
(93)
|
(100)
|
(111)
|
(114)
|
(109)
|
(99)
|
(104)
|
(108)
|
(99)
|
|
Selling, General & Administrative |
(12)
|
(14)
|
(17)
|
(19)
|
(20)
|
(20)
|
(21)
|
(22)
|
(23)
|
(24)
|
(25)
|
(25)
|
(25)
|
(25)
|
(26)
|
(26)
|
(27)
|
(27)
|
(28)
|
(28)
|
(28)
|
(30)
|
(30)
|
(31)
|
(32)
|
(32)
|
(33)
|
(35)
|
(37)
|
(42)
|
(42)
|
(41)
|
(47)
|
(47)
|
(47)
|
(49)
|
(45)
|
(48)
|
(49)
|
(54)
|
(52)
|
|
Depreciation & Amortization |
(26)
|
(28)
|
(31)
|
(32)
|
(34)
|
(36)
|
(37)
|
(37)
|
(38)
|
(39)
|
(40)
|
(41)
|
(42)
|
(42)
|
(41)
|
(38)
|
(37)
|
(34)
|
(35)
|
(36)
|
(38)
|
(39)
|
(41)
|
(42)
|
(42)
|
(44)
|
(44)
|
(43)
|
(43)
|
(43)
|
(44)
|
(47)
|
(50)
|
(53)
|
(54)
|
(54)
|
(54)
|
(51)
|
(51)
|
(51)
|
(51)
|
|
Other Operating Expenses |
1
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
13
|
13
|
14
|
2
|
5
|
5
|
4
|
0
|
(23)
|
(23)
|
(23)
|
(0)
|
2
|
3
|
4
|
8
|
12
|
12
|
12
|
5
|
3
|
3
|
4
|
4
|
6
|
6
|
4
|
1
|
(10)
|
(11)
|
(11)
|
1
|
(5)
|
(3)
|
4
|
|
Operating Income |
26
N/A
|
33
+28%
|
39
+18%
|
37
-5%
|
36
-2%
|
35
-2%
|
57
+62%
|
70
+23%
|
79
+12%
|
78
-1%
|
72
-8%
|
54
-24%
|
36
-34%
|
13
-64%
|
(12)
N/A
|
(8)
+34%
|
(9)
-11%
|
18
N/A
|
15
-17%
|
9
-42%
|
12
+37%
|
19
+63%
|
13
-35%
|
13
+1%
|
5
-61%
|
(13)
N/A
|
(3)
+75%
|
11
N/A
|
(86)
N/A
|
34
N/A
|
(74)
N/A
|
(83)
-12%
|
14
N/A
|
(4)
N/A
|
(14)
-260%
|
(20)
-47%
|
(8)
+59%
|
7
N/A
|
(1)
N/A
|
(4)
-289%
|
(2)
+47%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(19)
|
(18)
|
(18)
|
(20)
|
(31)
|
(35)
|
(30)
|
(28)
|
(19)
|
(21)
|
(29)
|
(27)
|
(24)
|
(23)
|
(13)
|
(18)
|
(18)
|
(16)
|
(26)
|
(27)
|
(34)
|
(39)
|
(39)
|
(43)
|
(41)
|
(39)
|
(33)
|
(23)
|
(16)
|
(15)
|
(19)
|
(22)
|
(31)
|
(34)
|
(38)
|
(39)
|
(40)
|
(42)
|
(50)
|
(54)
|
(56)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(21)
|
(21)
|
(22)
|
(4)
|
(2)
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
(39)
|
|
Total Other Income |
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
7
N/A
|
15
+97%
|
20
+35%
|
16
-19%
|
4
-77%
|
10
+173%
|
27
+164%
|
42
+56%
|
59
+42%
|
61
+3%
|
43
-30%
|
26
-38%
|
11
-59%
|
(32)
N/A
|
(26)
+19%
|
(26)
-1%
|
(27)
-3%
|
2
N/A
|
(12)
N/A
|
(19)
-61%
|
(23)
-19%
|
(20)
+12%
|
(26)
-32%
|
(31)
-16%
|
(36)
-18%
|
(66)
-82%
|
(57)
+13%
|
(34)
+41%
|
(125)
-272%
|
15
N/A
|
(95)
N/A
|
(105)
-11%
|
(17)
+84%
|
(47)
-184%
|
(52)
-10%
|
(59)
-14%
|
(48)
+19%
|
(42)
+13%
|
(51)
-21%
|
(58)
-15%
|
(97)
-67%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(2)
|
(4)
|
(6)
|
(7)
|
(5)
|
(4)
|
(4)
|
(0)
|
4
|
5
|
5
|
(0)
|
(5)
|
(4)
|
(4)
|
(6)
|
(6)
|
(9)
|
(9)
|
4
|
2
|
2
|
8
|
(2)
|
3
|
3
|
(2)
|
(4)
|
(7)
|
(9)
|
(10)
|
(7)
|
(5)
|
(1)
|
(3)
|
(2)
|
(6)
|
(9)
|
(8)
|
(12)
|
|
Income from Continuing Operations |
7
|
12
|
16
|
10
|
(3)
|
5
|
23
|
37
|
59
|
65
|
47
|
32
|
10
|
(38)
|
(31)
|
(30)
|
(33)
|
(4)
|
(21)
|
(28)
|
(19)
|
(18)
|
(24)
|
(23)
|
(38)
|
(63)
|
(55)
|
(36)
|
(129)
|
8
|
(104)
|
(115)
|
(24)
|
(52)
|
(53)
|
(62)
|
(50)
|
(48)
|
(60)
|
(66)
|
(110)
|
|
Income to Minority Interest |
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
6
N/A
|
11
+91%
|
14
+34%
|
8
-43%
|
(5)
N/A
|
4
N/A
|
20
+350%
|
31
+55%
|
50
+65%
|
48
-6%
|
31
-35%
|
19
-38%
|
(0)
N/A
|
(40)
-13 167%
|
(33)
+18%
|
(32)
+2%
|
(35)
-9%
|
(5)
+85%
|
(21)
-289%
|
(29)
-37%
|
(19)
+33%
|
(19)
+3%
|
(25)
-33%
|
(23)
+6%
|
(39)
-65%
|
(64)
-65%
|
(56)
+12%
|
(37)
+34%
|
(130)
-251%
|
7
N/A
|
(104)
N/A
|
(115)
-10%
|
(24)
+79%
|
(52)
-119%
|
(53)
-1%
|
(62)
-17%
|
(50)
+19%
|
(48)
+4%
|
(60)
-25%
|
(66)
-11%
|
(110)
-65%
|
|
EPS (Diluted) |
0.19
N/A
|
0.58
+205%
|
0.5
-14%
|
0.24
-52%
|
-0.14
N/A
|
0.14
N/A
|
0.59
+321%
|
0.93
+58%
|
1.54
+66%
|
1.47
-5%
|
1.04
-29%
|
0.64
-38%
|
-0.01
N/A
|
-1.35
-13 400%
|
-1.1
+19%
|
-1.06
+4%
|
-1.19
-12%
|
-0.16
+87%
|
-0.71
-344%
|
-0.97
-37%
|
-0.67
+31%
|
-0.64
+4%
|
-0.84
-31%
|
-0.78
+7%
|
-1.3
-67%
|
-1.8
-38%
|
-0.39
+78%
|
-0.26
+33%
|
-0.92
-254%
|
0.05
N/A
|
-0.73
N/A
|
-0.81
-11%
|
-0.16
+80%
|
-0.37
-131%
|
-0.37
N/A
|
-0.44
-19%
|
-0.36
+18%
|
-0.34
+6%
|
-0.43
-26%
|
-0.47
-9%
|
-0.78
-66%
|