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New Fortress Energy Inc. (NFE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K10-K10-K10-K
Revenues         
Operating revenue  1,978.6930.8318.3145.596.982.118.6
Vessel charter revenue  357.2230.8     
Other revenue  32.5161.2133.343.615.415.22.8
    Total revenues  2,368.31,322.8451.7189.1112.397.321.4
            Total revenues growth  79.0%192.9%138.8%68.4%15.5%354.6% 
Operating expenses         
Cost of sales  1,010.4616.0278.8    
Vessel operating expenses  105.873.347.626.99.67.55.2
Operations and maintenance  105.873.347.626.99.67.55.2
Selling, general and administrative  236.1199.9120.1152.962.133.318.2
Transaction and integration costs  21.844.74.0    
Depreciation and amortization  142.698.432.47.93.32.82.3
Asset impairment expense  50.7      
    Total operating expenses  1,630.91,083.9607.0376.4170.8122.3 
    Operating income  737.4238.9-155.4-187.3-58.5-25.0-27.1
            Operating margin  31.1%18.1%-34.4%-99.0%-52.1%-25.7%-126.5%
Interest expense  -236.9-154.3-65.7-19.4-11.2-6.5-5.1
Other (income) expense, net  -48.0-17.25.0-2.8-0.8-0.30.1
    Income before income from equity method investments and income taxes  533.690.7-259.1-203.9-78.5-31.1-33.3
Income (loss) from equity method investments  -472.214.4     
Tax provision (benefit)  -123.412.54.80.4-0.30.5-0.4
            Tax rate   13.7%  0.4% 1.1%
    Net income (loss)  184.892.7-264.0-204.3-78.2-31.7 
Net (income) loss attributable to non-controlling interest  9.74.481.8170.50.1  
    Net income (loss) attributable to stockholders  194.597.1-182.1-33.8-78.1-31.7-32.9
   
Net income (loss) per share - basic (in dollars per share)  $0.93$0.49($1.71)($1.62)  ($32,926.00)
Net income (loss) per share - diluted (in dollars per share)  $0.93$0.47($1.71)($1.62)  ($32,926.00)
   
Weighted average number of shares outstanding, basic (in shares)  209.5198.6106.720.967,932.865,006.158,753.4
Weighted average number of shares outstanding - diluted (in shares)  209.9201.7106.720.9   
   
Other comprehensive income (loss):         
    Net income (loss)  184.892.7-264.0-204.3-78.2-31.7 
Currency translation adjustment  68.4-3.52.00.2   
   
    Comprehensive income (loss)         
Comprehensive (income) loss attributable to non-controlling interest         
    Comprehensive income (loss) attributable to stockholders  264.094.8-181.9-33.8-80.8-30.4-31.6

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