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Blackwater Midstream Corp. (BWMS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsMar-31-12Mar-31-11Mar-31-10Dec-22-08Mar-31-08Jan-01-08Dec-31-07
   10-K10-K10-K/A10-K10-K10-K10-K
Revenue         
Lease Revenue         
Total Revenue  10.06.94.02.30.62.32.6
            Total Revenue growth  44.7%74.0% 0.0%   
Operating expenses  0.70.7     
Selling, general and administrative expenses  3.63.5 0.20.00.20.2
Gain (loss) on disposal of assets  0.4-0.2     
Operating income  2.71.1 0.30.20.30.2
            Operating margin  27.1%16.2% 12.7%27.5%12.7%7.6%
Net interest expense  -0.9-0.9  0.0  
   
Gain on bargain purchase of assets         
Gain on extinguishment of convertible debt loans  1.4      
   
Gain on change in fair market value of derivative liabilities         
Other income  0.00.2     
    Net Income  5.01.0 0.30.20.35.4
   
NET INCOME PER COMMON SHARE,         
BASIC (in Dollars per share)  $0.09$0.02     
DILUTED (in Dollars per share)  $0.01$0.01     
   
Weighted average number of shares outstanding:         
BASIC (in Shares)  55.854.6  10.7  
DILUTED (in Shares)  65.765.8  10.7  

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