CES Energy Solutions Corp
TSX:CEU
Income Statement
Earnings Waterfall
CES Energy Solutions Corp
Revenue
|
2.2B
CAD
|
Cost of Revenue
|
-1.7B
CAD
|
Gross Profit
|
479.3m
CAD
|
Operating Expenses
|
-256.2m
CAD
|
Operating Income
|
223.2m
CAD
|
Other Expenses
|
-68.5m
CAD
|
Net Income
|
154.6m
CAD
|
Income Statement
CES Energy Solutions Corp
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 |
663
N/A
|
745
+12%
|
804
+8%
|
895
+11%
|
973
+9%
|
975
+0%
|
949
-3%
|
863
-9%
|
750
-13%
|
653
-13%
|
588
-10%
|
545
-7%
|
568
+4%
|
683
+20%
|
823
+20%
|
939
+14%
|
1 030
+10%
|
1 078
+5%
|
1 124
+4%
|
1 202
+7%
|
1 271
+6%
|
1 304
+3%
|
1 332
+2%
|
1 310
-2%
|
1 277
-2%
|
1 294
+1%
|
1 140
-12%
|
991
-13%
|
888
-10%
|
799
-10%
|
893
+12%
|
1 041
+17%
|
1 196
+15%
|
1 337
+12%
|
1 517
+13%
|
1 727
+14%
|
1 922
+11%
|
2 079
+8%
|
2 161
+4%
|
2 173
+1%
|
2 164
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(488)
|
(544)
|
(586)
|
(649)
|
(708)
|
(718)
|
(703)
|
(654)
|
(590)
|
(527)
|
(482)
|
(449)
|
(458)
|
(536)
|
(633)
|
(718)
|
(781)
|
(819)
|
(856)
|
(920)
|
(987)
|
(1 021)
|
(1 048)
|
(1 033)
|
(1 004)
|
(1 022)
|
(920)
|
(810)
|
(730)
|
(652)
|
(706)
|
(816)
|
(938)
|
(1 061)
|
(1 204)
|
(1 374)
|
(1 525)
|
(1 640)
|
(1 702)
|
(1 701)
|
(1 684)
|
|
Gross Profit |
175
N/A
|
201
+15%
|
218
+8%
|
245
+13%
|
265
+8%
|
258
-3%
|
246
-5%
|
209
-15%
|
160
-24%
|
126
-21%
|
106
-16%
|
96
-9%
|
110
+15%
|
147
+33%
|
190
+29%
|
221
+16%
|
249
+13%
|
259
+4%
|
269
+4%
|
282
+5%
|
284
+1%
|
283
-1%
|
284
+0%
|
277
-3%
|
273
-1%
|
272
-1%
|
220
-19%
|
181
-18%
|
158
-13%
|
147
-7%
|
187
+27%
|
226
+20%
|
258
+14%
|
276
+7%
|
313
+13%
|
354
+13%
|
397
+12%
|
439
+10%
|
459
+5%
|
471
+3%
|
479
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(104)
|
(116)
|
(125)
|
(137)
|
(149)
|
(152)
|
(156)
|
(154)
|
(152)
|
(154)
|
(151)
|
(147)
|
(144)
|
(150)
|
(163)
|
(173)
|
(184)
|
(188)
|
(195)
|
(208)
|
(208)
|
(213)
|
(214)
|
(206)
|
(200)
|
(205)
|
(192)
|
(182)
|
(176)
|
(168)
|
(172)
|
(179)
|
(189)
|
(199)
|
(209)
|
(220)
|
(230)
|
(236)
|
(245)
|
(255)
|
(256)
|
|
Selling, General & Administrative |
(92)
|
(102)
|
(110)
|
(121)
|
(132)
|
(133)
|
(135)
|
(132)
|
(129)
|
(130)
|
(126)
|
(122)
|
(118)
|
(124)
|
(136)
|
(146)
|
(157)
|
(162)
|
(173)
|
(185)
|
(186)
|
(186)
|
(187)
|
(179)
|
(176)
|
(182)
|
(168)
|
(158)
|
(153)
|
(145)
|
(149)
|
(156)
|
(167)
|
(177)
|
(186)
|
(197)
|
(206)
|
(213)
|
(224)
|
(236)
|
(242)
|
|
Depreciation & Amortization |
(12)
|
(13)
|
(15)
|
(16)
|
(17)
|
(19)
|
(21)
|
(22)
|
(23)
|
(24)
|
(25)
|
(25)
|
(25)
|
(26)
|
(28)
|
(27)
|
(27)
|
(25)
|
(23)
|
(23)
|
(23)
|
(24)
|
(25)
|
(25)
|
(25)
|
(24)
|
(24)
|
(24)
|
(24)
|
(23)
|
(23)
|
(22)
|
(22)
|
(22)
|
(22)
|
(23)
|
(24)
|
(23)
|
(21)
|
(19)
|
(14)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
71
N/A
|
85
+20%
|
93
+9%
|
109
+17%
|
116
+7%
|
106
-9%
|
90
-15%
|
55
-39%
|
8
-85%
|
(28)
N/A
|
(45)
-61%
|
(51)
-13%
|
(34)
+35%
|
(3)
+90%
|
26
N/A
|
47
+80%
|
65
+37%
|
71
+10%
|
74
+4%
|
74
+1%
|
76
+2%
|
70
-8%
|
70
+0%
|
71
+0%
|
73
+3%
|
67
-9%
|
28
-58%
|
(1)
N/A
|
(18)
-1 944%
|
(21)
-16%
|
16
N/A
|
47
+201%
|
69
+47%
|
77
+12%
|
104
+35%
|
133
+28%
|
167
+25%
|
202
+21%
|
214
+6%
|
216
+1%
|
223
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(19)
|
(22)
|
(21)
|
(23)
|
(24)
|
(23)
|
(24)
|
(22)
|
(17)
|
(23)
|
(23)
|
(24)
|
(27)
|
(23)
|
(23)
|
(27)
|
(28)
|
(27)
|
(27)
|
(26)
|
(26)
|
(28)
|
(30)
|
(30)
|
(29)
|
(28)
|
(26)
|
(26)
|
(25)
|
(25)
|
(25)
|
(24)
|
(23)
|
(22)
|
(27)
|
(39)
|
(39)
|
(45)
|
(40)
|
(29)
|
(34)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
(155)
|
(155)
|
(154)
|
(154)
|
2
|
1
|
1
|
2
|
1
|
2
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
(248)
|
(242)
|
(237)
|
(234)
|
17
|
14
|
9
|
6
|
5
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
6
|
12
|
12
|
11
|
6
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(12)
|
(12)
|
(12)
|
(12)
|
5
|
5
|
5
|
5
|
(0)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
0
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
|
Pre-Tax Income |
52
N/A
|
64
+23%
|
72
+13%
|
87
+20%
|
93
+7%
|
84
-10%
|
72
-14%
|
45
-37%
|
(152)
N/A
|
(194)
-28%
|
(217)
-12%
|
(229)
-5%
|
(59)
+74%
|
(26)
+56%
|
4
N/A
|
22
+503%
|
26
+17%
|
35
+33%
|
35
+2%
|
37
+4%
|
52
+41%
|
46
-10%
|
45
-3%
|
46
+2%
|
42
-8%
|
(209)
N/A
|
(240)
-15%
|
(263)
-10%
|
(277)
-5%
|
(29)
+89%
|
5
N/A
|
32
+557%
|
52
+64%
|
61
+16%
|
79
+30%
|
94
+19%
|
127
+35%
|
155
+22%
|
172
+11%
|
187
+9%
|
190
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(15)
|
(17)
|
(19)
|
(25)
|
(25)
|
(21)
|
(16)
|
(4)
|
60
|
64
|
60
|
54
|
(6)
|
(7)
|
(5)
|
7
|
18
|
15
|
21
|
6
|
(4)
|
(10)
|
(13)
|
(12)
|
(12)
|
11
|
9
|
11
|
54
|
37
|
35
|
34
|
(2)
|
(6)
|
(10)
|
(14)
|
(32)
|
(37)
|
(40)
|
(41)
|
(35)
|
|
Income from Continuing Operations |
37
|
47
|
53
|
62
|
68
|
63
|
56
|
41
|
(92)
|
(130)
|
(157)
|
(175)
|
(65)
|
(33)
|
(1)
|
30
|
44
|
49
|
56
|
43
|
48
|
37
|
32
|
34
|
30
|
(198)
|
(231)
|
(251)
|
(223)
|
8
|
40
|
66
|
50
|
55
|
68
|
80
|
95
|
118
|
132
|
146
|
155
|
|
Income to Minority Interest |
0
|
0
|
0
|
(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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
37
N/A
|
47
+25%
|
53
+14%
|
62
+16%
|
68
+10%
|
62
-8%
|
55
-11%
|
41
-26%
|
(92)
N/A
|
(130)
-41%
|
(157)
-21%
|
(175)
-11%
|
(65)
+63%
|
(33)
+49%
|
(1)
+96%
|
30
N/A
|
36
+23%
|
42
+15%
|
49
+17%
|
35
-28%
|
48
+36%
|
37
-23%
|
32
-13%
|
34
+5%
|
30
-11%
|
(198)
N/A
|
(231)
-17%
|
(251)
-9%
|
(223)
+11%
|
8
N/A
|
40
+395%
|
66
+66%
|
50
-24%
|
55
+10%
|
68
+24%
|
80
+16%
|
95
+20%
|
118
+24%
|
132
+12%
|
146
+11%
|
155
+6%
|
|
EPS (Diluted) |
0.18
N/A
|
0.22
+22%
|
0.25
+14%
|
0.28
+12%
|
0.31
+11%
|
0.27
-13%
|
0.24
-11%
|
0.18
-25%
|
-0.42
N/A
|
-0.59
-40%
|
-0.68
-15%
|
-0.67
+1%
|
-0.27
+60%
|
-0.14
+48%
|
-0.01
+93%
|
0.1
N/A
|
0.13
+30%
|
0.15
+15%
|
0.17
+13%
|
0.12
-29%
|
0.17
+42%
|
0.14
-18%
|
0.12
-14%
|
0.13
+8%
|
0.11
-15%
|
-0.76
N/A
|
-0.88
-16%
|
-0.96
-9%
|
-0.85
+11%
|
0.04
N/A
|
0.16
+300%
|
0.26
+63%
|
0.19
-27%
|
0.21
+11%
|
0.26
+24%
|
0.3
+15%
|
0.36
+20%
|
0.44
+22%
|
0.5
+14%
|
0.55
+10%
|
0.61
+11%
|