Western Energy Services Corp
TSX:WRG
Income Statement
Earnings Waterfall
Western Energy Services Corp
Revenue
|
216.2m
CAD
|
Cost of Revenue
|
-155.6m
CAD
|
Gross Profit
|
60.6m
CAD
|
Operating Expenses
|
-61.6m
CAD
|
Operating Income
|
-951k
CAD
|
Other Expenses
|
-9m
CAD
|
Net Income
|
-10m
CAD
|
Income Statement
Western Energy Services Corp
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 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
443
N/A
|
475
+7%
|
498
+5%
|
508
+2%
|
452
-11%
|
402
-11%
|
324
-19%
|
228
-30%
|
156
-32%
|
137
-12%
|
122
-11%
|
124
+2%
|
175
+40%
|
195
+12%
|
217
+11%
|
238
+10%
|
235
-1%
|
235
0%
|
240
+2%
|
236
-1%
|
221
-7%
|
226
+2%
|
214
-5%
|
196
-8%
|
182
-7%
|
156
-15%
|
122
-22%
|
104
-15%
|
89
-14%
|
98
+11%
|
118
+20%
|
132
+12%
|
145
+10%
|
155
+7%
|
181
+16%
|
200
+11%
|
229
+14%
|
241
+5%
|
238
-1%
|
233
-2%
|
216
-7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(325)
|
(345)
|
(358)
|
(364)
|
(323)
|
(290)
|
(240)
|
(180)
|
(141)
|
(140)
|
(142)
|
(157)
|
(201)
|
(217)
|
(232)
|
(245)
|
(247)
|
(247)
|
(252)
|
(251)
|
(240)
|
(243)
|
(218)
|
(156)
|
(161)
|
(118)
|
(89)
|
(73)
|
(63)
|
(78)
|
(95)
|
(106)
|
(113)
|
(118)
|
(132)
|
(147)
|
(166)
|
(176)
|
(175)
|
(169)
|
(156)
|
|
Gross Profit |
119
N/A
|
130
+10%
|
140
+8%
|
144
+3%
|
129
-10%
|
113
-13%
|
84
-26%
|
48
-43%
|
15
-69%
|
(4)
N/A
|
(20)
-469%
|
(33)
-65%
|
(26)
+20%
|
(22)
+16%
|
(15)
+33%
|
(7)
+52%
|
(11)
-57%
|
(11)
-1%
|
(12)
-4%
|
(15)
-27%
|
(19)
-27%
|
(17)
+9%
|
(4)
+76%
|
41
N/A
|
22
-47%
|
37
+71%
|
32
-12%
|
31
-5%
|
26
-17%
|
21
-19%
|
23
+8%
|
26
+14%
|
33
+27%
|
37
+13%
|
49
+33%
|
54
+9%
|
63
+18%
|
66
+4%
|
63
-5%
|
64
+2%
|
61
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(38)
|
(37)
|
(38)
|
(35)
|
(63)
|
(62)
|
(30)
|
(31)
|
(166)
|
(26)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(26)
|
(40)
|
(33)
|
(26)
|
(21)
|
(20)
|
(20)
|
(35)
|
(80)
|
(61)
|
(70)
|
(64)
|
(59)
|
(57)
|
(56)
|
(56)
|
(54)
|
(47)
|
(53)
|
(54)
|
(56)
|
(9)
|
(59)
|
(61)
|
(61)
|
(62)
|
|
Selling, General & Administrative |
(35)
|
(35)
|
(36)
|
(33)
|
(33)
|
(32)
|
(31)
|
(29)
|
(27)
|
(26)
|
(24)
|
(23)
|
(23)
|
(24)
|
(24)
|
(24)
|
(23)
|
(22)
|
(21)
|
(20)
|
(19)
|
(18)
|
(18)
|
(17)
|
(17)
|
(15)
|
(13)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(16)
|
(17)
|
(19)
|
(19)
|
(19)
|
(19)
|
|
Depreciation & Amortization |
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(17)
|
(63)
|
(44)
|
(55)
|
(52)
|
(48)
|
(46)
|
(45)
|
(43)
|
(42)
|
(41)
|
(41)
|
(40)
|
(40)
|
(40)
|
(41)
|
(41)
|
(42)
|
(42)
|
|
Other Operating Expenses |
(3)
|
(2)
|
(1)
|
0
|
(29)
|
(28)
|
2
|
0
|
(137)
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
(16)
|
(10)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
49
|
0
|
0
|
0
|
0
|
|
Operating Income |
81
N/A
|
93
+15%
|
103
+10%
|
109
+6%
|
66
-40%
|
51
-23%
|
53
+4%
|
17
-68%
|
(151)
N/A
|
(29)
+81%
|
(44)
-51%
|
(57)
-29%
|
(51)
+10%
|
(47)
+8%
|
(40)
+16%
|
(33)
+18%
|
(51)
-57%
|
(45)
+13%
|
(38)
+15%
|
(36)
+6%
|
(39)
-10%
|
(37)
+5%
|
(39)
-4%
|
(40)
-2%
|
(39)
+2%
|
(33)
+15%
|
(32)
+3%
|
(28)
+11%
|
(31)
-10%
|
(35)
-12%
|
(33)
+6%
|
(29)
+13%
|
(15)
+48%
|
(16)
-11%
|
(5)
+72%
|
(2)
+52%
|
55
N/A
|
6
-88%
|
2
-64%
|
3
+24%
|
(1)
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(18)
|
(20)
|
(21)
|
(21)
|
(20)
|
(20)
|
(20)
|
(19)
|
(21)
|
(22)
|
(22)
|
(20)
|
(23)
|
(22)
|
(22)
|
(21)
|
(5)
|
(10)
|
(14)
|
(19)
|
(18)
|
(19)
|
(19)
|
(19)
|
(18)
|
(17)
|
(17)
|
(16)
|
(17)
|
(18)
|
(19)
|
(20)
|
(20)
|
(19)
|
(16)
|
(14)
|
(12)
|
(12)
|
(11)
|
(11)
|
(10)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(30)
|
0
|
0
|
(101)
|
(140)
|
0
|
(145)
|
(74)
|
(6)
|
(7)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(54)
|
(66)
|
(66)
|
(66)
|
(12)
|
3
|
7
|
9
|
9
|
0
|
52
|
49
|
49
|
0
|
0
|
0
|
0
|
0
|
|
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
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
63
N/A
|
74
+17%
|
82
+12%
|
59
-28%
|
46
-22%
|
31
-31%
|
(68)
N/A
|
(142)
-109%
|
(172)
-22%
|
(197)
-14%
|
(141)
+29%
|
(84)
+40%
|
(81)
+3%
|
(71)
+12%
|
(64)
+11%
|
(56)
+12%
|
(57)
-2%
|
(55)
+4%
|
(53)
+3%
|
(55)
-3%
|
(57)
-4%
|
(55)
+3%
|
(57)
-3%
|
(112)
-96%
|
(123)
-10%
|
(115)
+6%
|
(114)
+1%
|
(56)
+51%
|
(44)
+21%
|
(46)
-4%
|
(42)
+7%
|
(39)
+8%
|
(35)
+11%
|
16
N/A
|
28
+80%
|
32
+13%
|
42
+31%
|
(6)
N/A
|
(9)
-61%
|
(8)
+7%
|
(12)
-44%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(17)
|
(20)
|
(22)
|
(22)
|
(20)
|
(22)
|
(15)
|
13
|
21
|
34
|
38
|
22
|
21
|
19
|
17
|
19
|
18
|
17
|
17
|
14
|
15
|
19
|
19
|
31
|
33
|
28
|
28
|
15
|
12
|
8
|
5
|
3
|
2
|
(1)
|
(2)
|
(3)
|
(4)
|
(0)
|
1
|
1
|
2
|
|
Income from Continuing Operations |
46
|
54
|
60
|
37
|
26
|
9
|
(82)
|
(129)
|
(151)
|
(162)
|
(103)
|
(62)
|
(60)
|
(53)
|
(47)
|
(37)
|
(39)
|
(38)
|
(37)
|
(41)
|
(42)
|
(37)
|
(38)
|
(81)
|
(89)
|
(87)
|
(86)
|
(41)
|
(32)
|
(37)
|
(37)
|
(36)
|
(33)
|
15
|
26
|
29
|
38
|
(6)
|
(8)
|
(7)
|
(10)
|
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Net Income (Common) |
46
N/A
|
54
+17%
|
60
+13%
|
36
-40%
|
26
-28%
|
9
-65%
|
(83)
N/A
|
(129)
-57%
|
(151)
-17%
|
(163)
-8%
|
(103)
+37%
|
(62)
+40%
|
(60)
+3%
|
(52)
+13%
|
(47)
+10%
|
(38)
+20%
|
(39)
-5%
|
(38)
+3%
|
(37)
+4%
|
(41)
-13%
|
(42)
-2%
|
(37)
+13%
|
(38)
-4%
|
(81)
-111%
|
(89)
-10%
|
(87)
+2%
|
(86)
+1%
|
(41)
+52%
|
(33)
+21%
|
(37)
-15%
|
(38)
0%
|
(36)
+4%
|
(34)
+7%
|
15
N/A
|
26
+78%
|
29
+11%
|
37
+28%
|
(6)
N/A
|
(8)
-37%
|
(7)
+11%
|
(10)
-38%
|
|
EPS (Diluted) |
0.61
N/A
|
0.72
+18%
|
0.8
+11%
|
0.48
-40%
|
0.34
-29%
|
0.11
-68%
|
-1.12
N/A
|
-1.74
-55%
|
-2.05
-18%
|
-2.21
-8%
|
-1.4
+37%
|
-0.84
+40%
|
-0.82
+2%
|
-0.71
+13%
|
-0.64
+10%
|
-0.48
+25%
|
-0.42
+13%
|
-0.4
+5%
|
-0.41
-2%
|
-0.45
-10%
|
-0.46
-2%
|
-0.4
+13%
|
-0.41
-2%
|
-0.88
-115%
|
-0.97
-10%
|
-0.95
+2%
|
-0.95
N/A
|
-0.45
+53%
|
-0.36
+20%
|
-5 905.21
-1 640 236%
|
-5 925.07
0%
|
-5 690.39
+4%
|
-5 281.78
+7%
|
107.39
N/A
|
0.77
-99%
|
1.23
+60%
|
1.1
-11%
|
-0.17
N/A
|
-0.23
-35%
|
-0.21
+9%
|
-0.29
-38%
|