Secure Energy Services Inc
TSX:SES
Income Statement
Earnings Waterfall
Secure Energy Services Inc
Revenue
|
8.2B
CAD
|
Cost of Revenue
|
-7.7B
CAD
|
Gross Profit
|
512m
CAD
|
Operating Expenses
|
-145m
CAD
|
Operating Income
|
367m
CAD
|
Other Expenses
|
-172m
CAD
|
Net Income
|
195m
CAD
|
Income Statement
Secure 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 |
1 493
N/A
|
1 696
+14%
|
1 926
+14%
|
2 081
+8%
|
2 272
+9%
|
2 112
-7%
|
1 901
-10%
|
1 635
-14%
|
1 346
-18%
|
1 189
-12%
|
1 101
-7%
|
1 170
+6%
|
1 410
+21%
|
1 652
+17%
|
1 967
+19%
|
2 179
+11%
|
2 328
+7%
|
2 583
+11%
|
2 719
+5%
|
2 934
+8%
|
2 938
+0%
|
3 021
+3%
|
3 090
+2%
|
2 988
-3%
|
3 053
+2%
|
2 875
-6%
|
2 377
-17%
|
2 102
-12%
|
1 824
-13%
|
1 879
+3%
|
2 100
+12%
|
2 901
+38%
|
3 766
+30%
|
4 855
+29%
|
6 421
+32%
|
7 317
+14%
|
8 002
+9%
|
8 159
+2%
|
7 863
-4%
|
7 929
+1%
|
8 244
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 361)
|
(1 529)
|
(1 711)
|
(1 853)
|
(2 076)
|
(1 892)
|
(1 707)
|
(1 447)
|
(1 164)
|
(1 028)
|
(953)
|
(1 030)
|
(1 267)
|
(1 488)
|
(1 786)
|
(1 977)
|
(2 105)
|
(2 377)
|
(2 500)
|
(2 702)
|
(2 782)
|
(2 776)
|
(2 874)
|
(2 814)
|
(2 928)
|
(2 774)
|
(2 304)
|
(2 044)
|
(1 788)
|
(1 817)
|
(2 014)
|
(2 775)
|
(3 561)
|
(4 572)
|
(6 020)
|
(6 837)
|
(7 509)
|
(7 640)
|
(7 382)
|
(7 452)
|
(7 732)
|
|
Gross Profit |
132
N/A
|
167
+27%
|
215
+29%
|
228
+6%
|
196
-14%
|
220
+13%
|
193
-12%
|
187
-3%
|
182
-3%
|
162
-11%
|
148
-8%
|
140
-6%
|
143
+2%
|
164
+15%
|
181
+10%
|
202
+12%
|
224
+11%
|
206
-8%
|
219
+6%
|
232
+6%
|
155
-33%
|
245
+58%
|
216
-12%
|
174
-19%
|
126
-28%
|
100
-20%
|
73
-27%
|
59
-20%
|
36
-38%
|
62
+73%
|
86
+38%
|
126
+47%
|
205
+63%
|
283
+38%
|
401
+42%
|
480
+20%
|
493
+3%
|
519
+5%
|
481
-7%
|
477
-1%
|
512
+7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(70)
|
(103)
|
(134)
|
(136)
|
(100)
|
(196)
|
(195)
|
(184)
|
(221)
|
(349)
|
(344)
|
(199)
|
(188)
|
(191)
|
(198)
|
(210)
|
(207)
|
(216)
|
(219)
|
(220)
|
(100)
|
(193)
|
(165)
|
(131)
|
(101)
|
(97)
|
(85)
|
(75)
|
(67)
|
(60)
|
(68)
|
(92)
|
(107)
|
(123)
|
(138)
|
(137)
|
(132)
|
(134)
|
(132)
|
(130)
|
(145)
|
|
Selling, General & Administrative |
(60)
|
(65)
|
(71)
|
(77)
|
(85)
|
(90)
|
(91)
|
(88)
|
(83)
|
(75)
|
(71)
|
(69)
|
(70)
|
(73)
|
(77)
|
(80)
|
(83)
|
(88)
|
(91)
|
(94)
|
(95)
|
(98)
|
(94)
|
(91)
|
(89)
|
(84)
|
(73)
|
(63)
|
(55)
|
(50)
|
(57)
|
(78)
|
(92)
|
(107)
|
(123)
|
(123)
|
(119)
|
(123)
|
(120)
|
(121)
|
(136)
|
|
Research & Development |
(10)
|
(10)
|
(13)
|
(14)
|
(16)
|
(17)
|
(15)
|
(14)
|
(12)
|
(9)
|
(8)
|
(7)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
0
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
(21)
|
(45)
|
0
|
0
|
(51)
|
(51)
|
(79)
|
(126)
|
(125)
|
(125)
|
(124)
|
(113)
|
(113)
|
(115)
|
(124)
|
(117)
|
(94)
|
(95)
|
(92)
|
(5)
|
(92)
|
(68)
|
(39)
|
(12)
|
(13)
|
(12)
|
(12)
|
(12)
|
(10)
|
(11)
|
(14)
|
(15)
|
(16)
|
(15)
|
(14)
|
(13)
|
(11)
|
(12)
|
(9)
|
(9)
|
|
Other Operating Expenses |
0
|
(6)
|
(5)
|
(45)
|
0
|
(39)
|
(39)
|
(3)
|
0
|
(140)
|
(140)
|
0
|
0
|
0
|
0
|
0
|
0
|
(34)
|
(29)
|
(29)
|
0
|
(4)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
62
N/A
|
64
+4%
|
81
+26%
|
93
+14%
|
95
+3%
|
24
-74%
|
(2)
N/A
|
4
N/A
|
(39)
N/A
|
(188)
-386%
|
(196)
-4%
|
(60)
+70%
|
(45)
+24%
|
(27)
+40%
|
(17)
+37%
|
(8)
+53%
|
17
N/A
|
(10)
N/A
|
0
N/A
|
13
+6 150%
|
56
+345%
|
52
-6%
|
51
-2%
|
43
-16%
|
24
-44%
|
4
-86%
|
(12)
N/A
|
(16)
-34%
|
(31)
-89%
|
2
N/A
|
18
+718%
|
34
+89%
|
98
+188%
|
160
+63%
|
263
+64%
|
343
+30%
|
361
+5%
|
385
+7%
|
349
-9%
|
347
-1%
|
367
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(7)
|
(2)
|
(4)
|
(6)
|
(11)
|
(6)
|
(7)
|
(10)
|
(12)
|
(12)
|
(12)
|
(11)
|
(12)
|
(11)
|
(12)
|
(11)
|
(12)
|
(13)
|
(15)
|
(17)
|
(20)
|
(22)
|
(23)
|
(27)
|
(25)
|
(27)
|
(28)
|
(28)
|
(28)
|
(24)
|
(21)
|
(38)
|
(62)
|
(81)
|
(101)
|
(101)
|
(97)
|
(92)
|
(89)
|
(87)
|
(76)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(32)
|
0
|
0
|
(95)
|
(140)
|
0
|
0
|
(77)
|
0
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(10)
|
(11)
|
(50)
|
(61)
|
(67)
|
(84)
|
(308)
|
(313)
|
(315)
|
(301)
|
(37)
|
(31)
|
(26)
|
(26)
|
(5)
|
|
Gain/Loss on Disposition of Assets |
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
|
15
|
15
|
15
|
15
|
8
|
16
|
10
|
(14)
|
|
Total Other Income |
1
|
0
|
0
|
(7)
|
(1)
|
0
|
0
|
2
|
7
|
7
|
7
|
7
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(9)
|
(1)
|
(4)
|
(1)
|
17
|
10
|
8
|
4
|
(10)
|
(15)
|
|
Pre-Tax Income |
55
N/A
|
63
+15%
|
76
+21%
|
80
+5%
|
51
-36%
|
17
-67%
|
(10)
N/A
|
(100)
-896%
|
(184)
-85%
|
(193)
-5%
|
(201)
-4%
|
(142)
+30%
|
(57)
+60%
|
(38)
+34%
|
(29)
+23%
|
(19)
+35%
|
(28)
-46%
|
(24)
+13%
|
(16)
+36%
|
(5)
+66%
|
36
N/A
|
30
-17%
|
28
-7%
|
16
-42%
|
(1)
N/A
|
(33)
-4 629%
|
(50)
-51%
|
(55)
-11%
|
(109)
-97%
|
(82)
+24%
|
(72)
+13%
|
(97)
-35%
|
(273)
-181%
|
(223)
+18%
|
(139)
+38%
|
(27)
+81%
|
252
N/A
|
278
+10%
|
254
-9%
|
234
-8%
|
257
+10%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(16)
|
(19)
|
(23)
|
(24)
|
(21)
|
(13)
|
(9)
|
13
|
24
|
27
|
31
|
16
|
8
|
2
|
1
|
(1)
|
(2)
|
(3)
|
(5)
|
(8)
|
(16)
|
(15)
|
(8)
|
(4)
|
1
|
10
|
9
|
11
|
23
|
18
|
14
|
22
|
69
|
60
|
43
|
13
|
(68)
|
(77)
|
(73)
|
(66)
|
(62)
|
|
Income from Continuing Operations |
39
|
44
|
53
|
56
|
31
|
5
|
(19)
|
(87)
|
(160)
|
(167)
|
(171)
|
(126)
|
(49)
|
(36)
|
(28)
|
(20)
|
(30)
|
(27)
|
(21)
|
(14)
|
20
|
15
|
20
|
12
|
0
|
(23)
|
(41)
|
(45)
|
(86)
|
(65)
|
(58)
|
(75)
|
(204)
|
(163)
|
(96)
|
(14)
|
184
|
201
|
181
|
168
|
195
|
|
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
|
1
|
1
|
2
|
2
|
2
|
1
|
2
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
39
N/A
|
44
+13%
|
53
+20%
|
56
+5%
|
31
-45%
|
5
-85%
|
(19)
N/A
|
(87)
-359%
|
(160)
-84%
|
(167)
-4%
|
(171)
-2%
|
(126)
+26%
|
(49)
+61%
|
(36)
+27%
|
(28)
+20%
|
(20)
+28%
|
(34)
-68%
|
(32)
+8%
|
(25)
+21%
|
(18)
+28%
|
20
N/A
|
15
-24%
|
20
+34%
|
13
-36%
|
2
-88%
|
(22)
N/A
|
(39)
-80%
|
(43)
-11%
|
(85)
-96%
|
(64)
+25%
|
(58)
+9%
|
(75)
-29%
|
(203)
-171%
|
(163)
+20%
|
(96)
+41%
|
(14)
+85%
|
184
N/A
|
201
+9%
|
181
-10%
|
168
-7%
|
195
+16%
|
|
EPS (Diluted) |
0.36
N/A
|
0.38
+6%
|
0.45
+18%
|
0.46
+2%
|
0.25
-46%
|
0.03
-88%
|
-0.14
N/A
|
-0.65
-364%
|
-1.2
-85%
|
-1.21
-1%
|
-1.07
+12%
|
-0.78
+27%
|
-0.32
+59%
|
-0.22
+31%
|
-0.17
+23%
|
-0.12
+29%
|
-0.21
-75%
|
-0.18
+14%
|
-0.15
+17%
|
-0.1
+33%
|
0.12
N/A
|
0.09
-25%
|
0.12
+33%
|
0.08
-33%
|
0.01
-88%
|
-0.13
N/A
|
-0.24
-85%
|
-0.27
-13%
|
-0.54
-100%
|
-0.41
+24%
|
-0.37
+10%
|
-0.24
+35%
|
-0.87
-263%
|
-0.52
+40%
|
-0.32
+38%
|
-0.06
+81%
|
0.59
N/A
|
0.64
+8%
|
0.6
-6%
|
0.55
-8%
|
0.65
+18%
|