Advantage Energy Ltd
TSX:AAV
Income Statement
Earnings Waterfall
Advantage Energy Ltd
Revenue
|
509.4m
CAD
|
Cost of Revenue
|
-88.4m
CAD
|
Gross Profit
|
421m
CAD
|
Operating Expenses
|
-278.4m
CAD
|
Operating Income
|
142.6m
CAD
|
Other Expenses
|
-41m
CAD
|
Net Income
|
101.6m
CAD
|
Income Statement
Advantage Energy Ltd
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 |
133
N/A
|
150
+13%
|
169
+13%
|
192
+14%
|
206
+7%
|
181
-12%
|
151
-16%
|
139
-8%
|
127
-9%
|
121
-4%
|
121
0%
|
129
+7%
|
157
+22%
|
197
+25%
|
234
+19%
|
234
+0%
|
225
-4%
|
217
-4%
|
196
-9%
|
208
+6%
|
225
+8%
|
243
+8%
|
251
+3%
|
242
-3%
|
247
+2%
|
233
-6%
|
228
-2%
|
239
+5%
|
235
-2%
|
268
+14%
|
315
+18%
|
384
+22%
|
465
+21%
|
538
+16%
|
727
+35%
|
809
+11%
|
858
+6%
|
822
-4%
|
644
-22%
|
569
-12%
|
509
-11%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(21)
|
(14)
|
(13)
|
(14)
|
(15)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(21)
|
(21)
|
(20)
|
(20)
|
(20)
|
(20)
|
(22)
|
(24)
|
(29)
|
(30)
|
(32)
|
(35)
|
(32)
|
(33)
|
(34)
|
(34)
|
(36)
|
(37)
|
(40)
|
(41)
|
(41)
|
(43)
|
(45)
|
(47)
|
(52)
|
(60)
|
(64)
|
(69)
|
(76)
|
(79)
|
(88)
|
|
Gross Profit |
112
N/A
|
136
+21%
|
156
+15%
|
178
+14%
|
190
+7%
|
164
-14%
|
134
-18%
|
121
-10%
|
108
-11%
|
102
-6%
|
100
-2%
|
108
+8%
|
137
+27%
|
177
+29%
|
214
+21%
|
214
+0%
|
204
-5%
|
193
-5%
|
168
-13%
|
178
+6%
|
193
+9%
|
208
+8%
|
219
+5%
|
208
-5%
|
213
+2%
|
199
-6%
|
192
-4%
|
202
+5%
|
195
-4%
|
227
+17%
|
274
+21%
|
342
+25%
|
420
+23%
|
491
+17%
|
675
+38%
|
750
+11%
|
794
+6%
|
753
-5%
|
568
-25%
|
490
-14%
|
421
-14%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(101)
|
(98)
|
(93)
|
(92)
|
(91)
|
(95)
|
(90)
|
(92)
|
(99)
|
(101)
|
(113)
|
(124)
|
(135)
|
(155)
|
(159)
|
(161)
|
(166)
|
(167)
|
(168)
|
(178)
|
(185)
|
(191)
|
(199)
|
(198)
|
(194)
|
(194)
|
(190)
|
(185)
|
(184)
|
(183)
|
(188)
|
(196)
|
(202)
|
128
|
109
|
97
|
(253)
|
(259)
|
(250)
|
(256)
|
(278)
|
|
Selling, General & Administrative |
(24)
|
(20)
|
(16)
|
(12)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(10)
|
(11)
|
(13)
|
(18)
|
(27)
|
(34)
|
(41)
|
(47)
|
(50)
|
(55)
|
(62)
|
(65)
|
(67)
|
(69)
|
(71)
|
(79)
|
(75)
|
(75)
|
(72)
|
(78)
|
(75)
|
(80)
|
(89)
|
(102)
|
(101)
|
(109)
|
(114)
|
(125)
|
(120)
|
(117)
|
(117)
|
(127)
|
|
Research & Development |
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)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(72)
|
(76)
|
(80)
|
(82)
|
(86)
|
(86)
|
(84)
|
(86)
|
(87)
|
(91)
|
(103)
|
(111)
|
(116)
|
(121)
|
(120)
|
(117)
|
(118)
|
(116)
|
(112)
|
(115)
|
(119)
|
(123)
|
(129)
|
(127)
|
(120)
|
(118)
|
(114)
|
(112)
|
(111)
|
(107)
|
(107)
|
(106)
|
(107)
|
(110)
|
(121)
|
(128)
|
(134)
|
(137)
|
(132)
|
(138)
|
(149)
|
|
Other Operating Expenses |
(4)
|
(2)
|
3
|
3
|
4
|
3
|
3
|
4
|
(1)
|
0
|
0
|
0
|
(1)
|
(7)
|
(5)
|
(3)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
4
|
(1)
|
(1)
|
(1)
|
5
|
(1)
|
(1)
|
(1)
|
7
|
339
|
339
|
339
|
5
|
(1)
|
(2)
|
(2)
|
(2)
|
|
Operating Income |
11
N/A
|
38
+229%
|
63
+68%
|
86
+36%
|
99
+15%
|
69
-30%
|
44
-36%
|
30
-33%
|
9
-69%
|
1
-94%
|
(14)
N/A
|
(16)
-18%
|
2
N/A
|
21
+1 089%
|
54
+154%
|
53
-3%
|
38
-29%
|
26
-33%
|
(0)
N/A
|
(1)
-500%
|
9
N/A
|
17
+95%
|
20
+20%
|
10
-49%
|
19
+85%
|
6
-70%
|
2
-68%
|
17
+844%
|
10
-39%
|
44
+327%
|
86
+96%
|
146
+69%
|
217
+49%
|
618
+185%
|
784
+27%
|
847
+8%
|
541
-36%
|
494
-9%
|
318
-36%
|
234
-26%
|
143
-39%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(21)
|
(62)
|
(60)
|
(60)
|
7
|
61
|
53
|
58
|
20
|
43
|
16
|
20
|
(23)
|
(5)
|
29
|
37
|
94
|
62
|
42
|
13
|
8
|
(13)
|
(6)
|
(20)
|
(64)
|
(37)
|
(48)
|
(55)
|
(12)
|
(58)
|
(61)
|
(40)
|
(17)
|
(47)
|
(9)
|
(71)
|
(87)
|
(33)
|
(69)
|
(3)
|
5
|
|
Non-Reccuring Items |
0
|
0
|
(2)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(361)
|
(361)
|
(361)
|
(361)
|
0
|
0
|
0
|
341
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
2
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(5)
|
(7)
|
(9)
|
(9)
|
(9)
|
(13)
|
(13)
|
(13)
|
(11)
|
(4)
|
(5)
|
(3)
|
(12)
|
|
Pre-Tax Income |
(10)
N/A
|
(22)
-122%
|
3
N/A
|
27
+679%
|
105
+296%
|
130
+23%
|
97
-25%
|
87
-10%
|
29
-67%
|
44
+51%
|
3
-94%
|
5
+64%
|
(20)
N/A
|
18
N/A
|
84
+373%
|
91
+8%
|
132
+46%
|
88
-33%
|
42
-52%
|
12
-71%
|
17
+40%
|
4
-75%
|
14
+236%
|
(10)
N/A
|
(45)
-359%
|
(392)
-781%
|
(407)
-4%
|
(401)
+2%
|
(367)
+8%
|
(21)
+94%
|
16
N/A
|
97
+516%
|
532
+449%
|
558
+5%
|
762
+36%
|
763
+0%
|
443
-42%
|
457
+3%
|
243
-47%
|
228
-6%
|
136
-40%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
2
|
2
|
(6)
|
(12)
|
(30)
|
(33)
|
(27)
|
(25)
|
(8)
|
(12)
|
2
|
1
|
5
|
(6)
|
(24)
|
(26)
|
(37)
|
(25)
|
(13)
|
(5)
|
(6)
|
(3)
|
6
|
12
|
20
|
100
|
92
|
91
|
83
|
4
|
(5)
|
(21)
|
(121)
|
(127)
|
(175)
|
(178)
|
(105)
|
(110)
|
(58)
|
(55)
|
(36)
|
|
Income from Continuing Operations |
(8)
|
(21)
|
(3)
|
15
|
75
|
96
|
70
|
63
|
21
|
32
|
4
|
6
|
(16)
|
12
|
60
|
65
|
95
|
63
|
29
|
7
|
11
|
2
|
20
|
2
|
(25)
|
(292)
|
(315)
|
(310)
|
(284)
|
(18)
|
11
|
76
|
411
|
431
|
587
|
584
|
338
|
347
|
185
|
173
|
100
|
|
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
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
1
|
|
Net Income (Common) |
(3)
N/A
|
(75)
-2 103%
|
(59)
+21%
|
(43)
+26%
|
16
N/A
|
96
+513%
|
70
-27%
|
63
-10%
|
21
-66%
|
32
+50%
|
4
-87%
|
6
+28%
|
(16)
N/A
|
12
N/A
|
60
+408%
|
65
+8%
|
95
+47%
|
63
-34%
|
29
-54%
|
7
-75%
|
11
+52%
|
2
-85%
|
20
+1 100%
|
2
-88%
|
(25)
N/A
|
(292)
-1 081%
|
(315)
-8%
|
(310)
+2%
|
(284)
+8%
|
(18)
+94%
|
11
N/A
|
76
+593%
|
412
+444%
|
432
+5%
|
587
+36%
|
585
0%
|
339
-42%
|
349
+3%
|
187
-46%
|
175
-7%
|
102
-42%
|
|
EPS (Diluted) |
-0.01
N/A
|
-0.44
-4 300%
|
-0.34
+23%
|
-0.25
+26%
|
0.09
N/A
|
0.55
+511%
|
0.4
-27%
|
0.36
-10%
|
0.12
-67%
|
0.18
+50%
|
0.03
-83%
|
0.03
N/A
|
-0.09
N/A
|
0.05
N/A
|
0.31
+520%
|
0.34
+10%
|
0.5
+47%
|
0.33
-34%
|
0.15
-55%
|
0.03
-80%
|
0.06
+100%
|
-0.01
N/A
|
0.09
N/A
|
0
N/A
|
-0.13
N/A
|
-1.56
-1 100%
|
-1.69
-8%
|
-1.66
+2%
|
-1.51
+9%
|
-0.09
+94%
|
0.06
N/A
|
0.39
+550%
|
2.07
+431%
|
2.26
+9%
|
2.96
+31%
|
2.98
+1%
|
1.75
-41%
|
2
+14%
|
1.08
-46%
|
1.01
-6%
|
0.59
-42%
|