High Arctic Energy Services Inc
TSX:HWO
Income Statement
Earnings Waterfall
High Arctic Energy Services Inc
Revenue
|
61.9m
CAD
|
Cost of Revenue
|
-40.7m
CAD
|
Gross Profit
|
21.3m
CAD
|
Operating Expenses
|
-19.9m
CAD
|
Operating Income
|
1.3m
CAD
|
Other Expenses
|
-14.5m
CAD
|
Net Income
|
-13.1m
CAD
|
Income Statement
High Arctic Energy Services 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 |
153
N/A
|
152
0%
|
159
+5%
|
164
+3%
|
172
+5%
|
172
+0%
|
181
+5%
|
198
+10%
|
210
+6%
|
220
+5%
|
215
-2%
|
204
-5%
|
208
+2%
|
218
+5%
|
226
+3%
|
221
-2%
|
210
-5%
|
199
-5%
|
195
-2%
|
207
+6%
|
203
-2%
|
196
-4%
|
196
0%
|
191
-3%
|
186
-3%
|
179
-4%
|
148
-17%
|
117
-21%
|
91
-22%
|
69
-24%
|
69
+0%
|
69
+0%
|
76
+10%
|
87
+14%
|
95
+10%
|
89
-7%
|
80
-10%
|
59
-26%
|
51
-13%
|
57
+12%
|
62
+9%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(101)
|
(98)
|
(100)
|
(105)
|
(111)
|
(115)
|
(120)
|
(128)
|
(131)
|
(130)
|
(124)
|
(116)
|
(122)
|
(133)
|
(140)
|
(139)
|
(135)
|
(131)
|
(128)
|
(133)
|
(136)
|
(137)
|
(147)
|
(152)
|
(150)
|
(145)
|
(118)
|
(92)
|
(74)
|
(52)
|
(54)
|
(57)
|
(63)
|
(71)
|
(76)
|
(70)
|
(68)
|
(50)
|
(41)
|
(44)
|
(41)
|
|
Gross Profit |
51
N/A
|
54
+6%
|
59
+9%
|
60
+1%
|
61
+2%
|
57
-7%
|
61
+7%
|
70
+15%
|
79
+12%
|
90
+15%
|
91
+1%
|
88
-3%
|
86
-3%
|
86
N/A
|
86
+1%
|
82
-5%
|
75
-8%
|
68
-10%
|
68
0%
|
74
+9%
|
68
-8%
|
59
-13%
|
49
-17%
|
38
-22%
|
35
-8%
|
34
-4%
|
30
-11%
|
25
-16%
|
17
-34%
|
17
+2%
|
15
-12%
|
12
-18%
|
13
+5%
|
16
+21%
|
19
+21%
|
19
N/A
|
12
-38%
|
9
-22%
|
10
+7%
|
13
+28%
|
21
+66%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(23)
|
(24)
|
(25)
|
(26)
|
(26)
|
(27)
|
(28)
|
(30)
|
(33)
|
(36)
|
(37)
|
(39)
|
(40)
|
(31)
|
(33)
|
(44)
|
(44)
|
(44)
|
(44)
|
(44)
|
(44)
|
(44)
|
(44)
|
(44)
|
(45)
|
(45)
|
(45)
|
(44)
|
(49)
|
(47)
|
(45)
|
(43)
|
(34)
|
(32)
|
(32)
|
(29)
|
(29)
|
(25)
|
(21)
|
(21)
|
(20)
|
|
Selling, General & Administrative |
(11)
|
(11)
|
(12)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(17)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(18)
|
(18)
|
(18)
|
(17)
|
(17)
|
(16)
|
(17)
|
(16)
|
(14)
|
(13)
|
(12)
|
(12)
|
(13)
|
(11)
|
(10)
|
(9)
|
(8)
|
(11)
|
(10)
|
(9)
|
(10)
|
(10)
|
|
Depreciation & Amortization |
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(17)
|
(20)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(26)
|
(26)
|
(26)
|
(26)
|
(26)
|
(26)
|
(27)
|
(27)
|
(28)
|
(29)
|
(29)
|
(30)
|
(36)
|
(35)
|
(32)
|
(30)
|
(24)
|
(22)
|
(23)
|
(20)
|
(18)
|
(15)
|
(12)
|
(12)
|
(10)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
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
|
|
Operating Income |
28
N/A
|
30
+7%
|
34
+13%
|
34
-1%
|
35
+4%
|
30
-13%
|
33
+9%
|
41
+23%
|
46
+12%
|
54
+19%
|
54
-1%
|
49
-9%
|
45
-7%
|
55
+20%
|
53
-3%
|
37
-29%
|
32
-15%
|
24
-25%
|
23
-3%
|
30
+28%
|
24
-20%
|
15
-36%
|
5
-66%
|
(6)
N/A
|
(9)
-49%
|
(12)
-22%
|
(15)
-28%
|
(19)
-29%
|
(32)
-70%
|
(30)
+7%
|
(30)
+1%
|
(31)
-4%
|
(21)
+32%
|
(16)
+24%
|
(13)
+18%
|
(10)
+28%
|
(17)
-76%
|
(16)
+6%
|
(11)
+28%
|
(8)
+26%
|
1
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
1
|
2
|
|
Non-Reccuring Items |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
10
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
5
|
1
|
3
|
5
|
2
|
0
|
(10)
|
(13)
|
(10)
|
(10)
|
(1)
|
(20)
|
(20)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
3
|
5
|
5
|
5
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
3
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
1
|
2
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
|
Pre-Tax Income |
30
N/A
|
31
+5%
|
36
+16%
|
32
-12%
|
34
+7%
|
30
-13%
|
31
+5%
|
40
+28%
|
44
+11%
|
53
+20%
|
52
-1%
|
59
+13%
|
56
-6%
|
54
-2%
|
53
-3%
|
37
-30%
|
31
-15%
|
23
-25%
|
22
-6%
|
28
+27%
|
22
-20%
|
15
-32%
|
6
-58%
|
(5)
N/A
|
(6)
-40%
|
(7)
-17%
|
(11)
-54%
|
(16)
-44%
|
(26)
-60%
|
(30)
-15%
|
(28)
+7%
|
(27)
+3%
|
(20)
+26%
|
(17)
+16%
|
(24)
-46%
|
(24)
+2%
|
(28)
-16%
|
(26)
+7%
|
(13)
+50%
|
(27)
-112%
|
(16)
+40%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(8)
|
(9)
|
(12)
|
(15)
|
(14)
|
(12)
|
(11)
|
(12)
|
(11)
|
(13)
|
(11)
|
(8)
|
(10)
|
(11)
|
(11)
|
(9)
|
(6)
|
(4)
|
(3)
|
(3)
|
(1)
|
(1)
|
0
|
1
|
1
|
2
|
1
|
1
|
(8)
|
(8)
|
(9)
|
(9)
|
(1)
|
2
|
3
|
|
Income from Continuing Operations |
25
|
26
|
30
|
26
|
28
|
24
|
23
|
31
|
32
|
38
|
38
|
47
|
45
|
43
|
42
|
24
|
20
|
16
|
13
|
17
|
11
|
6
|
0
|
(8)
|
(9)
|
(10)
|
(12)
|
(17)
|
(26)
|
(29)
|
(27)
|
(26)
|
(19)
|
(16)
|
(32)
|
(32)
|
(37)
|
(34)
|
(14)
|
(25)
|
(13)
|
|
Net Income (Common) |
25
N/A
|
26
+4%
|
30
+18%
|
26
-13%
|
28
+8%
|
24
-16%
|
23
-2%
|
31
+32%
|
32
+4%
|
38
+20%
|
38
+0%
|
47
+23%
|
45
-5%
|
43
-5%
|
42
-3%
|
24
-42%
|
20
-16%
|
16
-23%
|
13
-20%
|
17
+38%
|
11
-34%
|
6
-47%
|
0
-97%
|
(8)
N/A
|
(9)
-5%
|
(10)
-14%
|
(12)
-20%
|
(17)
-43%
|
(26)
-51%
|
(29)
-12%
|
(27)
+7%
|
(26)
+5%
|
(19)
+27%
|
(16)
+14%
|
(32)
-101%
|
(32)
+1%
|
(37)
-14%
|
(35)
+6%
|
(14)
+58%
|
(25)
-74%
|
(13)
+47%
|
|
EPS (Diluted) |
0.5
N/A
|
0.51
+2%
|
0.6
+18%
|
0.47
-22%
|
0.53
+13%
|
0.43
-19%
|
0.41
-5%
|
0.54
+32%
|
0.57
+6%
|
0.69
+21%
|
0.72
+4%
|
0.88
+22%
|
0.85
-3%
|
0.81
-5%
|
0.78
-4%
|
0.45
-42%
|
0.38
-16%
|
0.28
-26%
|
0.22
-21%
|
0.33
+50%
|
0.22
-33%
|
0.1
-55%
|
-0.01
N/A
|
-0.17
-1 600%
|
-0.18
-6%
|
-0.2
-11%
|
-0.24
-20%
|
-0.34
-42%
|
-0.52
-53%
|
-0.58
-12%
|
-0.54
+7%
|
-0.52
+4%
|
-0.38
+27%
|
-0.32
+16%
|
-0.66
-106%
|
-0.65
+2%
|
-0.75
-15%
|
-0.71
+5%
|
-0.29
+59%
|
-0.51
-76%
|
-0.26
+49%
|