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Income Statement
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Op Efficiency
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AEGEAN MARINE PETROLEUM NETWORK INC. (ANW)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   20-F20-F20-F20-F20-F20-FS-1/A
Revenues  4,076.24,231.76,661.86,334.77,259.06,965.54,971.6
            Revenue growth  -3.7%-36.5%5.2%-12.7%4.2%40.1% 
Cost of goods sold  3,722.73,899.86,324.76,048.76,956.36,689.24,744.4
Gross profit  353.5331.8337.1286.0302.6276.3227.3
            Gross margin  8.7%7.8%5.1%4.5%4.2%4.0%4.6%
Selling, general and administrative   [+]252.0248.4258.9231.3240.1222.7182.9
Other operating expenses  7.41.616.25.97.510.11.0
EBITDA   [+]137.4126.797.579.287.374.872.1
            EBITDA margin  3.4%3.0%1.5%1.2%1.2%1.1%1.5%
Depreciation  24.925.821.320.522.121.821.1
EBITA  112.5100.976.158.765.253.151.0
            EBITA margin  2.8%2.4%1.1%0.9%0.9%0.8%1.0%
Amortization of intangibles  18.419.014.29.910.19.67.7
EBIT   [+]94.181.962.048.855.043.543.4
            EBIT margin  2.3%1.9%0.9%0.8%0.8%0.6%0.9%
Non-recurring items   [+] 5.34.1   1.5
Interest expense, net   [+]36.237.633.828.131.228.117.6
Other income (expense), net   [+]-1.50.3-6.05.42.81.7-3.3
Pre-tax income  56.339.318.126.126.617.120.9
Income taxes  4.44.52.0-1.04.15.42.2
            Tax rate  7.7%11.4%10.8% 15.5%31.7%10.3%
Minority interest  0.1 0.00.02.41.5 
Net income  51.934.816.127.119.710.118.7
            Net margin  1.3%0.8%0.2%0.4%0.3%0.1%0.4%
   
Basic EPS   [+]$1.15$0.74$0.35$0.59$0.43$0.22$0.40
Diluted EPS   [+]$1.15$0.74$0.35$0.59$0.43$0.22$0.40
   
Dividends per share   [+]$0.08$0.08$0.05$0.04$0.04$0.04$0.04
   
Shares outstanding (basic)   [+]44.947.346.345.745.546.046.3
Shares outstanding (diluted)   [+]44.947.346.345.745.546.046.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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