In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Crude Oil Pipeline Services | | | | 242.8 | 21.0 | 35.1 | 29.3 | 26.4 |
Asphalt Terminalling Services | | | | 115.6 | 113.9 | 23.1 | 73.4 | 67.4 |
Crude Oil Terminalling and Storage Services | | | | | | | 24.6 | 22.8 |
Other | | | | 26.5 | 47.1 | 119.3 | 52.7 | 70.0 |
Total revenues [+] | 115.4 | 110.2 | 106.5 | 384.8 | 181.9 | 177.4 | 180.0 | 186.6 |
Products | | | | | 11.5 | 21.0 | 3.5 | |
Services | | | | | 113.8 | 126.2 | 137.4 | 139.4 |
Revenue growth [+] | 4.7% | 3.5% | -72.3% | 111.5% | 2.6% | -1.5% | -3.5% | -4.1% |
Crude Oil Pipeline Services | | | | 1056.8% | -40.2% | 19.5% | 11.1% | 7.0% |
Asphalt Terminalling Services | | | | 1.5% | 393.7% | -68.6% | 9.0% | 2.5% |
Crude Oil Terminalling and Storage Services | | | | | | | 8.0% | -26.6% |
Crude Oil Trucking and Producer Field Services | | | | | | | -24.5% | -4.3% |
Cost of goods sold [+] | 64.2 | 62.8 | 61.6 | 298.3 | 132.6 | 125.2 | 131.2 | 134.2 |
Maintenance and operations costs | | | | | 123.8 | 111.1 | 128.0 | 134.2 |
Oil & gas costs | | | | | 8.8 | 14.1 | 3.2 | |
Gross profit | 51.2 | 47.4 | 45.0 | 86.5 | 49.3 | 52.2 | 48.8 | 52.4 |
Gross margin | 44.4% | 43.0% | 42.2% | 22.5% | 27.1% | 29.4% | 27.1% | 28.1% |
Selling, general and administrative [+] | 13.9 | 14.2 | 13.4 | 16.0 | 17.1 | 20.0 | 19.0 | 17.5 |
General and administrative | 13.9 | 14.2 | 13.4 | 16.0 | 17.1 | 20.0 | 19.0 | 17.5 |
Equity in earnings | | | | | 0.1 | 1.5 | 3.9 | 0.9 |
Other operating expenses | 0.4 | 0.1 | 0.3 | 44.5 | 2.0 | -0.2 | -12.3 | -4.9 |
EBITDA [+] | 48.9 | 56.2 | 56.8 | 55.4 | 61.5 | 64.7 | 73.3 | 66.7 |
EBITDA growth | -13.0% | -1.1% | 2.7% | -9.9% | -4.9% | -11.8% | 9.8% | -3.2% |
EBITDA margin | 42.3% | 51.0% | 53.4% | 14.4% | 33.8% | 36.5% | 40.7% | 35.8% |
Depreciation | 9.5 | 20.7 | 23.1 | 26.9 | 29.8 | 29.6 | 27.0 | 25.9 |
EBITA | 39.3 | 35.5 | 33.7 | 28.5 | 31.6 | 35.0 | 46.3 | 40.8 |
EBITA margin | 34.1% | 32.2% | 31.6% | 7.4% | 17.4% | 19.8% | 25.7% | 21.9% |
Amortization of intangibles | 2.4 | 2.4 | 2.4 | 2.5 | 1.3 | 1.2 | 0.2 | 0.1 |
EBIT [+] | 36.9 | 33.1 | 31.3 | 26.0 | 30.3 | 33.8 | 46.1 | 40.7 |
EBIT growth | 11.5% | 5.8% | 20.4% | -14.3% | -10.4% | -26.5% | 13.2% | -9.0% |
EBIT margin | 32.0% | 30.0% | 29.4% | 6.8% | 16.7% | 19.1% | 25.6% | 21.8% |
Non-recurring items [+] | -0.2 | -0.1 | 2.3 | 53.2 | 1.4 | 25.9 | 28.1 | 2.5 |
Asset impairment | | | 2.5 | 53.1 | 2.4 | 25.8 | 22.0 | |
Loss (gain) on sale of assets | -0.2 | -0.1 | -0.1 | 0.1 | -1.0 | 0.1 | 6.1 | 2.5 |
Interest expense | 4.9 | 5.7 | 7.4 | 16.9 | 14.0 | 12.6 | 11.2 | 12.3 |
Interest expense | 4.9 | 5.7 | 7.4 | 16.9 | 14.0 | 12.6 | 11.2 | 12.3 |
Other income (expense), net [+] | 2.6 | 1.2 | 0.5 | 2.2 | 5.3 | | | 2.1 |
Gain (loss) on sale of assets | | | | 2.2 | 5.3 | | | |
Pre-tax income | 34.8 | 28.7 | 22.0 | -41.8 | 20.2 | -4.6 | 6.7 | 28.0 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | 0.3 | 0.3 | 0.5 |
Tax rate | 0.1% | | 0.2% | | 0.8% | | 4.8% | 1.7% |
Net income | 84.0 | -38.4 | -7.0 | -66.7 | -6.0 | -31.1 | -15.7 | 5.4 |
Net margin | 72.7% | -34.8% | -6.6% | -17.3% | -3.3% | -17.5% | -8.7% | 2.9% |
|
Basic EPS [+] | $2.02 | ($0.93) | ($0.17) | ($1.65) | ($0.16) | ($0.89) | ($0.48) | $0.24 |
Growth | -316.7% | 440.6% | -89.5% | 953.1% | -82.3% | 85.7% | -301.9% | -7.8% |
Diluted EPS [+] | $2.02 | ($0.93) | ($0.17) | ($1.65) | ($0.16) | ($0.89) | ($0.48) | $0.21 |
Growth | -316.7% | 440.6% | -89.5% | 953.1% | -82.3% | 85.7% | -328.2% | -18.5% |
|
|
Shares outstanding (basic) [+] | 41.5 | 41.1 | 40.8 | 40.3 | 38.3 | 35.1 | 32.9 | 22.7 |
Growth | 0.9% | 0.9% | 1.0% | 5.2% | 9.3% | 6.5% | 45.1% | 0.0% |
Shares outstanding (diluted) [+] | 41.5 | 41.1 | 40.8 | 40.3 | 38.3 | 35.1 | 32.9 | 25.7 |
Growth | 0.9% | 0.9% | 1.0% | 5.2% | 9.3% | 6.5% | 28.3% | 13.1% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |