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Vanguard Natural Resources, LLC (VNRR)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-18Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues   [+]460.3344.6566.6788.1454.5347.2319.693.2
            Revenue growth   -39.2%-28.1%73.4%30.9%8.6%243.1%70.6%
Cost of goods sold   [+]175.8198.3146.7132.5105.575.467.621.8
Gross profit  284.5146.3420.0655.6349.0271.8251.971.4
            Gross margin  61.8%42.5%74.1%83.2%76.8%78.3%78.8%76.6%
Selling, general and administrative  45.851.555.130.825.922.519.810.1
Other operating expenses   [+]42.1 1,882.9296.340.4276.124.93.5
EBITDA   [+]196.694.8-1,518.0328.4282.6-26.7207.257.7
            EBITDA margin  42.7%27.5%-267.9%41.7%62.2%-7.7%64.8%62.0%
Depreciation and amortization  150.1149.8247.1226.9167.5104.584.922.2
EBIT   [+]46.4-55.0-1,765.1101.5115.1-131.3122.435.5
            EBIT margin  10.1%-16.0%-311.5%12.9%25.3%-37.8%38.3%38.1%
Non-recurring items   [+]29.7746.971.4     
Interest expense  62.995.487.669.861.141.929.05.8
Other income (expense), net   [+]2.482.340.932.65.64.3-5.3-7.8
Pre-tax income  -43.7-815.0-1,883.264.359.5-168.888.121.9
Income taxes  0.20.10.00.00.00.026.10.0
            Tax rate    0.0%0.0%0.0%0.0%29.6%0.0%
Minority interest  0.20.1    26.1 
Net income  -44.0-841.8-1,909.946.156.9-168.862.121.9
            Net margin  -9.6%-244.3%-337.1%5.9%12.5%-48.6%19.4%23.5%
   
Basic EPS   [+]($2.19)($6.41)($19.80)$0.56$0.78($3.11)$1.97$1.02
Diluted EPS   [+]($2.19)($6.41)($19.80)$0.56$0.77($3.11)$1.95$1.02
   
   
Shares outstanding (basic)   [+]20.1131.396.582.073.154.231.421.5
Shares outstanding (diluted)   [+]20.1131.396.582.573.454.231.821.5
   
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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