|
Income Statement for
Westmoreland Coal Company
(WLB)
|
|
|
|
|
|
|
| Income
[+]
|
in Thousands of Dollars |
|
|
| Operating Revenue |
600,437 |
501,713 |
506,057 |
443,368 |
509,446 |
| Total Revenue |
600,437 |
501,713 |
506,057 |
443,368 |
509,696 |
| Adjustments to Revenue |
N/A |
N/A |
- |
- |
- |
| Cost of Revenue |
403,702 |
343,364 |
391,933 |
370,816 |
409,197 |
| Cost of Sales With Depreciation |
466,521 |
392,787 |
394,827 |
373,070 |
409,795 |
| Gross Margin |
134,574 |
109,583 |
114,124 |
72,552 |
100,249 |
| Gross Operating Profit |
134,574 |
109,583 |
114,124 |
72,552 |
100,249 |
|
| Selling/General/Admin Expense |
(63,296) |
(58,851) |
(53,902) |
(68,686) |
(73,965) |
| Research & Development |
- |
- |
- |
- |
- |
| Advertising |
- |
- |
- |
- |
- |
| EBITDA (Operating Income Before Depreciation) |
86,250 |
38,062 |
60,222 |
3,866 |
26,284 |
| Depreciation & Amortization |
(62,161) |
(48,766) |
(47,584) |
(46,508) |
(41,985) |
| Depreciation, Unreconciled |
57,145 |
45,594 |
44,690 |
44,254 |
41,387 |
| Amortization |
- |
- |
- |
- |
- |
| Amortization of Intangibles |
- |
- |
- |
- |
- |
| Operating Income |
(32,398) |
(55,641) |
12,638 |
(42,642) |
(15,701) |
| Operating Profit After Depreciation |
(32,398) |
(55,641) |
12,638 |
(42,642) |
(15,701) |
| Interest Income |
1,496 |
1,444 |
1,747 |
3,218 |
5,125 |
| Earnings from Equity Interest |
- |
- |
- |
- |
250 |
| Other Income, Net |
(1,263) |
(19,602) |
5,296 |
16,859 |
1,141 |
| Income, Acquired in Process R&D |
- |
- |
- |
- |
- |
| Income, Restructuring and M&A |
- |
- |
- |
- |
(2,009) |
| Other Special Charges |
(528) |
- |
- |
- |
(5,178) |
| Total Income Before Interest Expense (EBIT) |
29,105 |
(7,532) |
19,681 |
(22,565) |
(16,372) |
| Interest Expense |
(42,677) |
(29,769) |
(22,992) |
(23,733) |
(31,276) |
| Income Before Tax |
(13,572) |
(37,301) |
(3,311) |
(46,298) |
(47,648) |
| Income Taxes |
(90) |
426 |
141 |
17,136 |
(919) |
| Minority Interest |
(6,436) |
(3,775) |
2,645 |
1,817 |
- |
| Preferred Securities of Subsidiary Trust |
- |
- |
- |
- |
- |
| Other Special Charges |
(13,572) |
(37,301) |
(3,311) |
(46,298) |
(47,648) |
| Net Income from Continuing Operations |
(13,662) |
(33,100) |
(525) |
(27,345) |
(48,567) |
| Net Income from Discontinued Operations |
- |
- |
- |
- |
- |
| Net Income from Total Operations |
(13,662) |
(33,100) |
(525) |
(27,345) |
(48,567) |
|
| Normalized Income |
(13,134) |
(33,100) |
(525) |
(27,345) |
(41,380) |
| Extraordinary Income/Loss |
- |
- |
- |
- |
- |
| Special Income/Charges |
(528) |
- |
- |
- |
(7,187) |
| Income from Cum. Effect of Acct Change |
- |
- |
- |
- |
- |
| Income from Tax Loss Carryforward |
- |
- |
- |
- |
- |
| Net Income Available for Common |
(15,022) |
(34,460) |
(1,885) |
(28,705) |
(49,927) |
| Other Gains |
6,436 |
- |
- |
- |
- |
| Total Net Income |
(7,226) |
(33,100) |
(525) |
(27,345) |
(48,567) |
| Net Income Available for Common |
(15,022) |
(34,460) |
(1,885) |
(28,705) |
(49,927) |
|
| Results
[+]
|
in Dollars (Preferred Dividends in Thousands) |
|
|
| Dividends Paid Per Share |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Preferred Dividends |
1,360 |
1,360 |
1,360 |
1,360 |
1,360 |
| Basic EPS from Continuing Operations |
-0.61 |
-2.61 |
-0.17 |
-2.88 |
-5.25 |
| Basic EPS from Discontinued Operations |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Extraordinary Income Gains/Losses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Cumulative Effect of Accounting Change |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Tax Loss Carryforward |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Other Gains/Losses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Basic EPS from Total Net Income |
-0.61 |
-2.61 |
-0.17 |
-2.88 |
-5.25 |
| Basic Normalized Net Income per Share |
-0.59 |
-2.61 |
-0.17 |
-2.88 |
-4.47 |
| Basic EPS from Total Operations |
-0.61 |
-2.61 |
-0.17 |
-2.88 |
-5.25 |
|
| Diluted EPS from Continuing Operations |
-0.61 |
-2.61 |
-0.17 |
-2.88 |
-5.25 |
| Diluted EPS from Discontinued Operations |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Extraordinary Gains/Losses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Cumulative Effect of Accounting Change |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Tax Loss Carryforward |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Other Gains/Losses |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Diluted EPS from Total Net Income |
-0.61 |
-2.61 |
-0.17 |
-2.88 |
-5.25 |
| Diluted Normalized Net Income per Share |
-0.59 |
-2.61 |
-0.17 |
-2.88 |
-4.47 |
| Excise Tax |
- |
- |
- |
- |
- |
| Diluted EPS from Total Operations |
-0.61 |
-2.61 |
-0.17 |
-2.88 |
-5.25 |
|
|
|
