Pine Cliff Energy Ltd
TSX:PNE
Income Statement
Earnings Waterfall
Pine Cliff Energy Ltd
Revenue
|
174m
CAD
|
Cost of Revenue
|
-98.5m
CAD
|
Gross Profit
|
75.5m
CAD
|
Operating Expenses
|
-72m
CAD
|
Operating Income
|
3.6m
CAD
|
Other Expenses
|
5.6m
CAD
|
Net Income
|
9.1m
CAD
|
Income Statement
Pine Cliff 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 |
35
N/A
|
46
+33%
|
53
+15%
|
60
+14%
|
71
+19%
|
72
+1%
|
73
+2%
|
77
+5%
|
74
-4%
|
82
+11%
|
85
+4%
|
96
+12%
|
111
+16%
|
117
+5%
|
130
+11%
|
121
-7%
|
111
-8%
|
106
-4%
|
94
-11%
|
97
+3%
|
100
+3%
|
104
+4%
|
105
+1%
|
101
-4%
|
99
-1%
|
95
-5%
|
95
+0%
|
99
+5%
|
101
+2%
|
110
+8%
|
119
+9%
|
132
+10%
|
151
+15%
|
177
+17%
|
228
+29%
|
254
+11%
|
274
+8%
|
263
-4%
|
219
-17%
|
202
-8%
|
174
-14%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(16)
|
(19)
|
(20)
|
(22)
|
(27)
|
(31)
|
(35)
|
(39)
|
(41)
|
(51)
|
(62)
|
(71)
|
(77)
|
(75)
|
(74)
|
(74)
|
(68)
|
(67)
|
(64)
|
(62)
|
(68)
|
(70)
|
(71)
|
(74)
|
(72)
|
(74)
|
(74)
|
(74)
|
(73)
|
(73)
|
(71)
|
(71)
|
(72)
|
(75)
|
(79)
|
(84)
|
(92)
|
(95)
|
(97)
|
(97)
|
(99)
|
|
Gross Profit |
18
N/A
|
27
+45%
|
33
+22%
|
38
+17%
|
45
+17%
|
41
-8%
|
38
-7%
|
38
-1%
|
33
-12%
|
31
-7%
|
23
-25%
|
25
+6%
|
34
+37%
|
42
+24%
|
56
+34%
|
47
-15%
|
43
-9%
|
40
-8%
|
30
-25%
|
35
+19%
|
32
-10%
|
34
+8%
|
33
-3%
|
27
-19%
|
28
+2%
|
21
-23%
|
21
+0%
|
25
+20%
|
28
+10%
|
37
+32%
|
48
+30%
|
61
+26%
|
79
+31%
|
102
+29%
|
149
+46%
|
171
+14%
|
183
+7%
|
168
-8%
|
122
-27%
|
104
-15%
|
76
-28%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(22)
|
(26)
|
(28)
|
(29)
|
(38)
|
(54)
|
(61)
|
(61)
|
(59)
|
(72)
|
(79)
|
(77)
|
(80)
|
(79)
|
(74)
|
(64)
|
(72)
|
(92)
|
(92)
|
(75)
|
(69)
|
(70)
|
(71)
|
(71)
|
(71)
|
(70)
|
(68)
|
(67)
|
(65)
|
(63)
|
(60)
|
(58)
|
(58)
|
(46)
|
(44)
|
(59)
|
(65)
|
(61)
|
(66)
|
(68)
|
(72)
|
|
Selling, General & Administrative |
(5)
|
(6)
|
(7)
|
(7)
|
(5)
|
(7)
|
(9)
|
(9)
|
(7)
|
(10)
|
(10)
|
(11)
|
(8)
|
(9)
|
(10)
|
(9)
|
(18)
|
(21)
|
(23)
|
(26)
|
(20)
|
(20)
|
(18)
|
(16)
|
(19)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(17)
|
(17)
|
(19)
|
(20)
|
(21)
|
(20)
|
(20)
|
(20)
|
(21)
|
|
Depreciation & Amortization |
(16)
|
(19)
|
(21)
|
(22)
|
(29)
|
(36)
|
(42)
|
(48)
|
(46)
|
(51)
|
(57)
|
(62)
|
(64)
|
(60)
|
(54)
|
(50)
|
(49)
|
(48)
|
(46)
|
(44)
|
(44)
|
(44)
|
(45)
|
(47)
|
(47)
|
(47)
|
(47)
|
(46)
|
(45)
|
(44)
|
(43)
|
(41)
|
(41)
|
(42)
|
(43)
|
(44)
|
(44)
|
(43)
|
(43)
|
(42)
|
(44)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(4)
|
(10)
|
(11)
|
(3)
|
(6)
|
(11)
|
(12)
|
(4)
|
(8)
|
(10)
|
(10)
|
(5)
|
(6)
|
(23)
|
(23)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(6)
|
(10)
|
(8)
|
(7)
|
(5)
|
(4)
|
(2)
|
(2)
|
0
|
13
|
18
|
5
|
(0)
|
2
|
(4)
|
(6)
|
(7)
|
|
Operating Income |
(3)
N/A
|
1
N/A
|
5
+344%
|
9
+86%
|
7
-25%
|
(13)
N/A
|
(23)
-80%
|
(23)
0%
|
(25)
-11%
|
(41)
-63%
|
(56)
-35%
|
(53)
+6%
|
(46)
+13%
|
(37)
+20%
|
(18)
+51%
|
(17)
+5%
|
(29)
-72%
|
(52)
-77%
|
(63)
-20%
|
(40)
+36%
|
(37)
+8%
|
(35)
+4%
|
(37)
-5%
|
(44)
-18%
|
(44)
+1%
|
(49)
-13%
|
(47)
+4%
|
(42)
+12%
|
(37)
+11%
|
(26)
+30%
|
(12)
+53%
|
2
N/A
|
22
+873%
|
57
+162%
|
106
+87%
|
112
+6%
|
118
+5%
|
107
-9%
|
56
-47%
|
36
-35%
|
4
-90%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(9)
|
(10)
|
(11)
|
(11)
|
(4)
|
(1)
|
0
|
(2)
|
(3)
|
(6)
|
(7)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(3)
|
(2)
|
(0)
|
1
|
2
|
1
|
|
Non-Reccuring Items |
14
|
3
|
3
|
3
|
(7)
|
0
|
0
|
(15)
|
(8)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
(22)
|
(18)
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(8)
|
(8)
|
(16)
|
(8)
|
(8)
|
(8)
|
0
|
0
|
0
|
14
|
0
|
0
|
14
|
5
|
0
|
0
|
0
|
(2)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
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
|
3
|
0
|
0
|
0
|
0
|
|
Total Other Income |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
2
|
2
|
0
|
|
Pre-Tax Income |
10
N/A
|
3
-71%
|
6
+129%
|
10
+62%
|
(2)
N/A
|
(13)
-766%
|
(23)
-80%
|
(39)
-66%
|
(35)
+11%
|
(44)
-28%
|
(64)
-45%
|
(62)
+3%
|
(62)
+1%
|
(47)
+23%
|
(22)
+53%
|
(40)
-80%
|
(47)
-17%
|
(54)
-16%
|
(66)
-21%
|
(46)
+30%
|
(44)
+6%
|
(40)
+9%
|
(50)
-26%
|
(57)
-14%
|
(56)
+2%
|
(70)
-24%
|
(60)
+14%
|
(54)
+9%
|
(50)
+8%
|
(31)
+39%
|
(17)
+44%
|
(3)
+83%
|
31
N/A
|
52
+67%
|
101
+96%
|
123
+21%
|
123
+0%
|
109
-11%
|
60
-45%
|
41
-32%
|
3
-94%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
1
|
3
|
2
|
(1)
|
(1)
|
3
|
6
|
10
|
10
|
9
|
8
|
6
|
11
|
10
|
9
|
9
|
(21)
|
(26)
|
(31)
|
(31)
|
(29)
|
0
|
(20)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
51
|
46
|
48
|
42
|
(14)
|
(11)
|
(13)
|
(8)
|
7
|
|
Income from Continuing Operations |
11
|
6
|
8
|
10
|
(2)
|
(10)
|
(18)
|
(29)
|
(24)
|
(35)
|
(56)
|
(57)
|
(50)
|
(37)
|
(13)
|
(32)
|
(68)
|
(81)
|
(97)
|
(77)
|
(73)
|
(64)
|
(70)
|
(77)
|
(56)
|
(70)
|
(60)
|
(54)
|
(50)
|
(31)
|
(17)
|
(3)
|
81
|
98
|
148
|
165
|
109
|
99
|
47
|
33
|
9
|
|
Net Income (Common) |
11
N/A
|
6
-49%
|
8
+45%
|
10
+20%
|
(2)
N/A
|
(10)
-448%
|
(18)
-68%
|
(29)
-66%
|
(24)
+17%
|
(35)
-44%
|
(56)
-60%
|
(57)
-2%
|
(50)
+11%
|
(37)
+27%
|
(13)
+65%
|
(32)
-143%
|
(68)
-114%
|
(81)
-19%
|
(97)
-20%
|
(77)
+20%
|
(73)
+6%
|
(64)
+12%
|
(70)
-10%
|
(77)
-10%
|
(56)
+27%
|
(70)
-24%
|
(60)
+14%
|
(54)
+9%
|
(50)
+8%
|
(31)
+39%
|
(17)
+44%
|
(3)
+83%
|
81
N/A
|
98
+20%
|
148
+52%
|
165
+11%
|
109
-34%
|
99
-10%
|
47
-52%
|
33
-30%
|
9
-72%
|
|
EPS (Diluted) |
0.07
N/A
|
0.03
-57%
|
0.04
+33%
|
0.04
N/A
|
-0.01
N/A
|
-0.04
-300%
|
-0.07
-75%
|
-0.12
-71%
|
-0.1
+17%
|
-0.13
-30%
|
-0.19
-46%
|
-0.18
+5%
|
-0.16
+11%
|
-0.12
+25%
|
-0.05
+58%
|
-0.11
-120%
|
-0.22
-100%
|
-0.27
-23%
|
-0.32
-19%
|
-0.25
+22%
|
-0.24
+4%
|
-0.2
+17%
|
-0.22
-10%
|
-0.24
-9%
|
-0.18
+25%
|
-0.21
-17%
|
-0.17
+19%
|
-0.16
+6%
|
-0.15
+6%
|
-0.09
+40%
|
-0.05
+44%
|
0
N/A
|
0.23
N/A
|
0.28
+22%
|
0.39
+39%
|
0.46
+18%
|
0.3
-35%
|
0.27
-10%
|
0.13
-52%
|
0.09
-31%
|
0.03
-67%
|