Tidewater Midstream and Infrastructure Ltd
TSX:TWM
Income Statement
Earnings Waterfall
Tidewater Midstream and Infrastructure Ltd
Revenue
|
2.2B
CAD
|
Cost of Revenue
|
-2.1B
CAD
|
Gross Profit
|
156.4m
CAD
|
Operating Expenses
|
-162m
CAD
|
Operating Income
|
-5.6m
CAD
|
Other Expenses
|
-380.3m
CAD
|
Net Income
|
-385.9m
CAD
|
Income Statement
Tidewater Midstream and Infrastructure Ltd
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 |
40
N/A
|
66
+65%
|
85
+29%
|
110
+30%
|
141
+28%
|
172
+22%
|
197
+15%
|
221
+13%
|
256
+16%
|
269
+5%
|
297
+10%
|
324
+9%
|
364
+12%
|
450
+24%
|
517
+15%
|
692
+34%
|
821
+19%
|
844
+3%
|
971
+15%
|
979
+1%
|
1 087
+11%
|
1 278
+18%
|
1 439
+13%
|
1 698
+18%
|
1 997
+18%
|
2 421
+21%
|
2 699
+11%
|
2 875
+7%
|
2 831
-2%
|
2 546
-10%
|
2 416
-5%
|
2 208
-9%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||
Cost of Revenue |
(18)
|
(33)
|
(47)
|
(66)
|
(90)
|
(114)
|
(133)
|
(152)
|
(180)
|
(188)
|
(211)
|
(240)
|
(287)
|
(378)
|
(454)
|
(604)
|
(709)
|
(716)
|
(815)
|
(820)
|
(920)
|
(1 111)
|
(1 269)
|
(1 531)
|
(1 823)
|
(2 215)
|
(2 481)
|
(2 644)
|
(2 602)
|
(2 353)
|
(2 230)
|
(2 052)
|
|
Gross Profit |
22
N/A
|
33
+48%
|
38
+16%
|
44
+16%
|
52
+18%
|
58
+12%
|
64
+9%
|
69
+9%
|
76
+10%
|
82
+7%
|
87
+6%
|
84
-3%
|
76
-9%
|
72
-5%
|
63
-13%
|
88
+40%
|
112
+27%
|
128
+14%
|
156
+21%
|
160
+3%
|
167
+5%
|
167
+0%
|
170
+1%
|
167
-2%
|
174
+4%
|
206
+18%
|
218
+6%
|
231
+6%
|
229
-1%
|
193
-16%
|
186
-4%
|
156
-16%
|
|
Operating Income | |||||||||||||||||||||||||||||||||
Operating Expenses |
(12)
|
(17)
|
(23)
|
(25)
|
(28)
|
(32)
|
(35)
|
(40)
|
(46)
|
(50)
|
(56)
|
(62)
|
(69)
|
(75)
|
(81)
|
(83)
|
(91)
|
(98)
|
(104)
|
(110)
|
(111)
|
(109)
|
(108)
|
(113)
|
(117)
|
(123)
|
(128)
|
(133)
|
(137)
|
(139)
|
(149)
|
(162)
|
|
Selling, General & Administrative |
(5)
|
(6)
|
(9)
|
(11)
|
(12)
|
(14)
|
(14)
|
(15)
|
(16)
|
(16)
|
(17)
|
(16)
|
(19)
|
(22)
|
(21)
|
(23)
|
(22)
|
(22)
|
(23)
|
(24)
|
(27)
|
(27)
|
(29)
|
(31)
|
(37)
|
(43)
|
(47)
|
(48)
|
(51)
|
(51)
|
(55)
|
(65)
|
|
Depreciation & Amortization |
(7)
|
(11)
|
(14)
|
(14)
|
(16)
|
(18)
|
(21)
|
(25)
|
(30)
|
(35)
|
(39)
|
(46)
|
(49)
|
(53)
|
(60)
|
(60)
|
(69)
|
(76)
|
(81)
|
(86)
|
(85)
|
(82)
|
(80)
|
(82)
|
(80)
|
(81)
|
(81)
|
(84)
|
(86)
|
(89)
|
(94)
|
(97)
|
|
Operating Income |
10
N/A
|
16
+51%
|
15
-3%
|
19
+24%
|
24
+27%
|
26
+9%
|
29
+11%
|
29
+1%
|
31
+6%
|
31
+2%
|
31
-2%
|
22
-28%
|
8
-64%
|
(2)
N/A
|
(19)
-671%
|
5
N/A
|
21
+312%
|
30
+42%
|
52
+70%
|
50
-3%
|
56
+12%
|
58
+3%
|
62
+7%
|
54
-12%
|
56
+5%
|
83
+46%
|
89
+8%
|
99
+10%
|
92
-7%
|
54
-41%
|
37
-31%
|
(6)
N/A
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
(1)
|
1
|
0
|
1
|
1
|
(3)
|
(6)
|
(8)
|
(10)
|
(11)
|
15
|
7
|
6
|
41
|
3
|
(51)
|
(47)
|
(76)
|
(58)
|
2
|
57
|
51
|
38
|
87
|
35
|
7
|
24
|
(82)
|
(81)
|
(75)
|
(96)
|
|
Non-Reccuring Items |
7
|
6
|
7
|
1
|
(2)
|
(2)
|
(1)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(3)
|
(17)
|
(17)
|
(16)
|
(17)
|
(5)
|
(4)
|
(7)
|
(6)
|
(5)
|
(5)
|
(3)
|
(6)
|
(64)
|
(63)
|
(64)
|
(63)
|
(431)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
2
|
1
|
3
|
3
|
4
|
4
|
(8)
|
(11)
|
(14)
|
11
|
23
|
26
|
27
|
(1)
|
(10)
|
(5)
|
(9)
|
(4)
|
3
|
111
|
|
Total Other Income |
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(9)
|
(11)
|
(15)
|
(20)
|
(22)
|
(22)
|
(21)
|
(20)
|
(20)
|
(19)
|
(20)
|
(22)
|
(23)
|
(27)
|
(14)
|
(14)
|
(14)
|
(28)
|
|
Pre-Tax Income |
16
N/A
|
20
+23%
|
22
+9%
|
19
-13%
|
21
+11%
|
24
+14%
|
23
-3%
|
18
-23%
|
16
-12%
|
13
-18%
|
10
-22%
|
28
+186%
|
9
-69%
|
(4)
N/A
|
14
N/A
|
(17)
N/A
|
(57)
-239%
|
(48)
+16%
|
(72)
-48%
|
(45)
+37%
|
19
N/A
|
99
+414%
|
110
+12%
|
94
-15%
|
145
+53%
|
92
-36%
|
58
-37%
|
27
-55%
|
(76)
N/A
|
(108)
-42%
|
(112)
-3%
|
(450)
-301%
|
|
Net Income | |||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(2)
|
(4)
|
(4)
|
(5)
|
(7)
|
(5)
|
(5)
|
(5)
|
(3)
|
(9)
|
(2)
|
4
|
(2)
|
9
|
16
|
11
|
21
|
10
|
(6)
|
(21)
|
(27)
|
(20)
|
(32)
|
(25)
|
(17)
|
(8)
|
17
|
26
|
27
|
51
|
|
Income from Continuing Operations |
14
|
18
|
20
|
15
|
17
|
19
|
16
|
13
|
10
|
8
|
7
|
19
|
7
|
(0)
|
12
|
(8)
|
(41)
|
(37)
|
(50)
|
(35)
|
14
|
78
|
84
|
74
|
112
|
67
|
42
|
19
|
(59)
|
(83)
|
(85)
|
(399)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
1
|
1
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
(1)
|
(2)
|
(8)
|
(11)
|
(6)
|
(10)
|
2
|
3
|
1
|
13
|
|
Net Income (Common) |
14
N/A
|
18
+26%
|
20
+10%
|
15
-25%
|
17
+11%
|
19
+10%
|
16
-13%
|
13
-20%
|
10
-21%
|
9
-17%
|
8
-12%
|
20
+171%
|
8
-59%
|
1
-87%
|
13
+1 091%
|
(7)
N/A
|
(39)
-487%
|
(36)
+10%
|
(49)
-37%
|
(34)
+30%
|
14
N/A
|
79
+452%
|
83
+5%
|
72
-13%
|
104
+46%
|
56
-46%
|
36
-37%
|
9
-76%
|
(58)
N/A
|
(80)
-39%
|
(84)
-5%
|
(386)
-359%
|
|
EPS (Diluted) |
0.07
N/A
|
0.08
+14%
|
0.06
-25%
|
0.06
N/A
|
0.05
-17%
|
0.05
N/A
|
0.04
-20%
|
0.04
N/A
|
0.02
-50%
|
0.02
N/A
|
0.02
N/A
|
0.06
+200%
|
0.03
-50%
|
0.01
-67%
|
0.04
+300%
|
-0.02
N/A
|
-0.12
-500%
|
-0.11
+8%
|
-0.15
-36%
|
-0.1
+33%
|
0.03
N/A
|
0.19
+533%
|
0.21
+11%
|
0.18
-14%
|
0.26
+44%
|
0.14
-46%
|
0.09
-36%
|
0.02
-78%
|
-0.14
N/A
|
-0.19
-36%
|
-0.2
-5%
|
-0.91
-355%
|