Source Energy Services Ltd
TSX:SHLE
Income Statement
Earnings Waterfall
Source Energy Services Ltd
Revenue
|
569.7m
CAD
|
Cost of Revenue
|
-460.3m
CAD
|
Gross Profit
|
109.4m
CAD
|
Operating Expenses
|
-48.7m
CAD
|
Operating Income
|
60.7m
CAD
|
Other Expenses
|
106.6m
CAD
|
Net Income
|
167.3m
CAD
|
Income Statement
Source Energy Services Ltd
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
|
148
-3%
|
145
-2%
|
120
-17%
|
139
+16%
|
160
+15%
|
204
+27%
|
260
+28%
|
290
+11%
|
331
+14%
|
394
+19%
|
436
+11%
|
415
-5%
|
418
+1%
|
362
-13%
|
318
-12%
|
333
+5%
|
321
-4%
|
261
-19%
|
260
0%
|
250
-4%
|
235
-6%
|
292
+24%
|
311
+7%
|
320
+3%
|
335
+5%
|
374
+12%
|
396
+6%
|
416
+5%
|
483
+16%
|
498
+3%
|
503
+1%
|
570
+13%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||
Cost of Revenue |
(124)
|
(126)
|
(130)
|
(117)
|
(131)
|
(150)
|
(181)
|
(217)
|
(238)
|
(263)
|
(313)
|
(357)
|
(346)
|
(363)
|
(323)
|
(288)
|
(295)
|
(288)
|
(236)
|
(235)
|
(225)
|
(206)
|
(252)
|
(265)
|
(281)
|
(292)
|
(326)
|
(344)
|
(358)
|
(407)
|
(414)
|
(410)
|
(460)
|
|
Gross Profit |
30
N/A
|
21
-28%
|
15
-31%
|
3
-83%
|
8
+216%
|
10
+25%
|
23
+131%
|
43
+89%
|
52
+19%
|
67
+31%
|
81
+21%
|
79
-3%
|
69
-13%
|
55
-20%
|
40
-28%
|
31
-23%
|
38
+23%
|
34
-11%
|
25
-26%
|
24
-3%
|
25
+2%
|
29
+17%
|
41
+40%
|
46
+14%
|
39
-15%
|
43
+10%
|
48
+11%
|
52
+7%
|
58
+12%
|
75
+30%
|
84
+11%
|
92
+10%
|
109
+19%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||
Operating Expenses |
(24)
|
(24)
|
(29)
|
(28)
|
(30)
|
(31)
|
(29)
|
(32)
|
(31)
|
(37)
|
(40)
|
(42)
|
(45)
|
(49)
|
(50)
|
(50)
|
(49)
|
(46)
|
(44)
|
(41)
|
(36)
|
(34)
|
(33)
|
(34)
|
(36)
|
(36)
|
(38)
|
(38)
|
(41)
|
(45)
|
(47)
|
(48)
|
(49)
|
|
Selling, General & Administrative |
(18)
|
(19)
|
(23)
|
(23)
|
(24)
|
(23)
|
(21)
|
(23)
|
(25)
|
(29)
|
(31)
|
(31)
|
(33)
|
(35)
|
(35)
|
(35)
|
(33)
|
(30)
|
(28)
|
(26)
|
(22)
|
(21)
|
(22)
|
(24)
|
(26)
|
(26)
|
(27)
|
(27)
|
(30)
|
(33)
|
(36)
|
(37)
|
(37)
|
|
Depreciation & Amortization |
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(11)
|
(12)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(15)
|
(14)
|
(12)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(12)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
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 |
6
N/A
|
(3)
N/A
|
(14)
-389%
|
(26)
-88%
|
(22)
+14%
|
(21)
+4%
|
(6)
+72%
|
12
N/A
|
21
+78%
|
31
+50%
|
41
+34%
|
37
-11%
|
24
-36%
|
6
-75%
|
(11)
N/A
|
(20)
-88%
|
(12)
+43%
|
(13)
-9%
|
(19)
-51%
|
(17)
+12%
|
(11)
+34%
|
(5)
+56%
|
7
N/A
|
12
+62%
|
4
-69%
|
7
+95%
|
11
+49%
|
14
+31%
|
18
+25%
|
31
+77%
|
37
+19%
|
45
+21%
|
61
+36%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||
Interest Income Expense |
(15)
|
(18)
|
(21)
|
(18)
|
(23)
|
(25)
|
(28)
|
(30)
|
(26)
|
(25)
|
(19)
|
(18)
|
(19)
|
(20)
|
(23)
|
(25)
|
(26)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(28)
|
(28)
|
(29)
|
(31)
|
(28)
|
(22)
|
(23)
|
(24)
|
(30)
|
(37)
|
(36)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(14)
|
(83)
|
(77)
|
(221)
|
(207)
|
(138)
|
(116)
|
27
|
27
|
27
|
(1)
|
(3)
|
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
(3)
|
128
|
|
Gain/Loss on Disposition of Assets |
(0)
|
0
|
(2)
|
(3)
|
(1)
|
0
|
0
|
2
|
0
|
(2)
|
(2)
|
(5)
|
(5)
|
(2)
|
(2)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
2
|
2
|
2
|
3
|
|
Total Other Income |
0
|
1
|
1
|
1
|
4
|
3
|
0
|
(1)
|
(6)
|
(7)
|
(4)
|
(4)
|
(2)
|
(2)
|
0
|
1
|
1
|
3
|
2
|
2
|
2
|
0
|
3
|
3
|
2
|
2
|
(1)
|
(1)
|
0
|
(0)
|
(3)
|
(5)
|
(7)
|
|
Pre-Tax Income |
(9)
N/A
|
(19)
-111%
|
(35)
-81%
|
(45)
-28%
|
(44)
+2%
|
(44)
N/A
|
(34)
+23%
|
(18)
+48%
|
(11)
+37%
|
(3)
+71%
|
16
N/A
|
10
-36%
|
(2)
N/A
|
(18)
-941%
|
(50)
-180%
|
(127)
-156%
|
(114)
+10%
|
(257)
-126%
|
(251)
+2%
|
(180)
+28%
|
(154)
+15%
|
(6)
+96%
|
10
N/A
|
14
+44%
|
(24)
N/A
|
(26)
-5%
|
(21)
+20%
|
(11)
+46%
|
(9)
+21%
|
6
N/A
|
4
-26%
|
2
-51%
|
150
+7 041%
|
|
Net Income | ||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
2
|
0
|
(1)
|
1
|
(1)
|
4
|
8
|
25
|
24
|
(11)
|
(14)
|
(32)
|
(31)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
17
|
|
Income from Continuing Operations |
(10)
|
(20)
|
(36)
|
(46)
|
(43)
|
(43)
|
(32)
|
(17)
|
(9)
|
(3)
|
15
|
11
|
(3)
|
(14)
|
(42)
|
(102)
|
(90)
|
(268)
|
(265)
|
(212)
|
(186)
|
(6)
|
10
|
14
|
(24)
|
(26)
|
(21)
|
(11)
|
(9)
|
6
|
4
|
2
|
167
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
1
|
1
|
2
|
3
|
1
|
3
|
3
|
3
|
3
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(10)
N/A
|
(20)
-105%
|
(36)
-78%
|
(46)
-27%
|
(43)
+5%
|
(43)
+1%
|
(32)
+26%
|
(17)
+49%
|
(9)
+48%
|
(3)
+66%
|
15
N/A
|
10
-29%
|
(2)
N/A
|
(13)
-491%
|
(40)
-210%
|
(100)
-147%
|
(89)
+11%
|
(265)
-199%
|
(262)
+1%
|
(210)
+20%
|
(183)
+13%
|
(5)
+97%
|
10
N/A
|
14
+39%
|
(24)
N/A
|
(26)
-5%
|
(21)
+20%
|
(11)
+46%
|
(9)
+21%
|
6
N/A
|
4
-26%
|
2
-51%
|
167
+7 869%
|
|
EPS (Diluted) |
-2.38
N/A
|
-4.9
-106%
|
-8.7
-78%
|
-11.09
-27%
|
-10.58
+5%
|
-10.5
+1%
|
-8.23
+22%
|
-3.83
+53%
|
-2.3
+40%
|
-0.55
+76%
|
2.8
N/A
|
2.03
-28%
|
-0.43
N/A
|
-2.54
-491%
|
-8.05
-217%
|
-19.89
-147%
|
-17.68
+11%
|
-53
-200%
|
-52.46
+1%
|
-41.94
+20%
|
-36.54
+13%
|
-0.34
+99%
|
0.75
N/A
|
1.05
+40%
|
-1.8
N/A
|
-1.89
-5%
|
-1.52
+20%
|
-0.77
+49%
|
-0.65
+16%
|
0.42
N/A
|
0.31
-26%
|
0.16
-48%
|
12.35
+7 619%
|