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Montage Resources Corp (MR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  634.4515.1383.7235.0255.3137.812.90.4
            Revenue growth  23.2%34.3%63.2%-7.9%85.3%965.5%3395.9% 
Cost of goods sold   [+]208.8138.8124.80.099.826.62.60.0
Gross profit  425.6376.4258.8235.0155.6111.210.30.4
            Gross margin  67.1%73.1%67.5%100.0%60.9%80.7%79.6%95.7%
Selling, general and administrative   [+]70.944.444.639.446.442.121.34.4
Other operating expenses   [+]314.3239.8201.8202.4152.764.05.54.3
EBITDA   [+]   -6.8-43.55.0-16.5-8.4
            EBITDA margin  6.4%17.9%3.3%-2.9%-17.0%3.7%-127.8%-2268.1%
Depreciation and amortization     92.9244.889.26.20.4
EBIT   [+]40.492.212.5-99.7-288.3-84.2-22.7-8.8
            EBIT margin  6.4%17.9%3.3%-42.4%-112.9%-61.1%-175.4%-2377.3%
Non-recurring items   [+]-0.5-1.8-0.217.7691.3   
Interest expense, net   [+]59.154.049.550.853.448.320.90.0
Other income (expense), net   [+]48.6-21.245.3-38.0-3.021.1  
Pre-tax income  30.418.88.5-206.2-1,036.0-111.4-43.5-8.8
Income taxes  -1.30.00.00.5-74.271.80.00.0
            Tax rate   0.0%0.0% 7.2% 0.0%0.0%
Earnings from continuing ops  29.118.88.5-206.7-961.8-183.2-43.5-8.8
Earnings from discontinued ops  1.30.00.0     
Net income  30.418.88.5-206.7-961.8-183.2-43.5-8.8
            Net margin  4.8%3.7%2.2%-88.0%-376.7%-132.9%-336.6%-2367.3%
   
Basic EPS   [+]$0.88$0.94$0.49($12.84)($4.41)($1.27)($0.58)($0.63)
Diluted EPS   [+]$0.29$0.31$0.16($12.84)($4.41)($1.27)($0.58)($0.63)
   
Dividends per share   [+]       $0.05
   
Shares outstanding (basic)   [+]33.220.017.516.1217.9144.475.313.9
Shares outstanding (diluted)   [+]99.960.252.816.1217.9144.475.313.9
   
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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