CorEnergy Infrastructure Trust, Inc. (CORR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1100 WALNUT KANSAS CITY, MO 64106 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 17,830 | 12,496 | 99,597 | 120,864 | 69,287 | 15,787 | |||
| Cash and cash equivalents | 17,830 | 12,496 | 99,597 | 120,864 | 69,287 | 15,787 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,950 | 3,954 | |||||||
| Inventory | 5,950 | 3,954 | |||||||
| Total current assets: | 23,781 | 16,450 | 99,597 | 120,864 | 69,287 | 15,787 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,722 | 6,076 | ✕ | ✕ | |||||
| Property, plant and equipment | 106,856 | 109,882 | 113,159 | ||||||
| Long-term investments and receivables | 858 | 1,037 | 1,210 | 1,235 | 1,300 | 1,500 | |||
| Accounts and financing receivable, after allowance for credit loss | 858 | 1,037 | 1,210 | 1,235 | 1,300 | 1,500 | |||
| Intangible assets, net (including goodwill) | 16,210 | 1,719 | 1,719 | 1,719 | 1,719 | ||||
| Goodwill | 16,210 | 1,719 | 1,719 | 1,719 | 1,719 | ||||
| Deferred income tax assets | 206 | 4,283 | 4,594 | ✕ | ✕ | ||||
| Total noncurrent assets: | 5,580 | 23,529 | 7,211 | 114,403 | 112,900 | 116,378 | |||
| Other undisclosed assets | 465,602 | 468,614 | 178,145 | 416,189 | 442,696 | 501,253 | |||
| TOTAL ASSETS: | 494,963 | 508,593 | 284,953 | 651,456 | 624,883 | 633,418 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 10,000 | 8,000 | 5,612 | 3,528 | 3,528 | ||||
| Total current liabilities: | 10,000 | 8,000 | 5,612 | 3,528 | 3,528 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 116,324 | 115,666 | 115,008 | 118,323 | 112,777 | 112,032 | |||
| Long-term debt, excluding current maturities | 116,324 | 115,666 | 115,008 | 118,323 | 112,777 | 112,032 | |||
| Liabilities, other than long-term debt | 1,292 | 939 | |||||||
| Asset retirement obligations | 939 | ||||||||
| Deferred income tax liabilities | 1,292 | ✕ | ✕ | ||||||
| Total noncurrent liabilities: | 117,616 | 115,666 | 115,008 | 118,323 | 113,716 | 112,032 | |||
| Other undisclosed liabilities | 127,680 | 121,295 | 20,545 | 50,781 | 52,628 | 56,072 | |||
| Total liabilities: | 255,296 | 244,961 | 135,553 | 174,716 | 169,872 | 171,632 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 122,773 | 140,686 | 149,400 | 476,739 | 455,011 | 461,786 | |||
| Preferred stock | 125,270 | 125,493 | 125,556 | 130,000 | |||||
| Common stock | 14 | 14 | 12 | 12 | |||||
| Additional paid in capital | 327,017 | 338,303 | 339,742 | 360,844 | 320,296 | 331,774 | |||
| Retained earnings (accumulated deficit) | (333,785) | (327,158) | (315,627) | (9,612) | 9,148 | ||||
| Other undisclosed equity, attributable to parent | 129,542 | 129,541 | |||||||
| Equity, attributable to noncontrolling interest | 116,893 | 122,945 | |||||||
| Total equity: | 239,667 | 263,632 | 149,400 | 476,739 | 455,011 | 461,786 | |||
| TOTAL LIABILITIES AND EQUITY: | 494,963 | 508,593 | 284,953 | 651,456 | 624,883 | 633,418 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 133,648 | 128,134 | 11,338 | 85,946 | 89,232 | 88,749 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 19,946 | |
| Operating lease, lease income | 211 | 1,246 | 21,351 | 67,051 | ✕ | ✕ | ||
| Cost of revenue | (89,312) | (81,068) | (19,266) | (27,388) | (31,630) | (30,110) | ||
| Cost of goods and services sold | (6,060) | (5,242) | (7,211) | (6,730) | ||||
| Gross profit: | 44,336 | 47,066 | (7,928) | 58,558 | 57,601 | 58,639 | ||
| Operating expenses | (38,538) | (32,693) | (299,944) | (11,033) | (13,534) | (11,454) | ||
| Operating income (loss): | 5,797 | 14,373 | (307,872) | 47,525 | 44,067 | 47,185 | ||
| Nonoperating income (expense) | (13,645) | (12,834) | 1,720 | (43,210) | (2,774) | (10,504) | ||
| Interest and debt expense | (13,928) | (862) | 11,550 | (33,961) | (12,759) | (337) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (11,550) | 33,961 | 12,759 | 337 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (21,776) | 677 | (306,152) | 4,314 | 41,293 | 36,682 | ||
| Other undisclosed income from continuing operations before income taxes | 13,928 | 862 | ||||||
| Income (loss) from continuing operations before income taxes: | (7,848) | 1,539 | (306,152) | 4,314 | 41,293 | 36,682 | ||
| Income tax expense (benefit) | (1,672) | (4,075) | 85 | (235) | 2,419 | (2,345) | ||
| Income (loss) from continuing operations: | (9,520) | (2,536) | (306,068) | 4,079 | 43,712 | 34,337 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (2,536) | (306,068) | 4,079 | 43,712 | 34,337 | |
| Net income (loss): | (9,520) | (2,536) | (306,068) | 4,079 | 43,712 | 34,337 | ||
| Net loss attributable to noncontrolling interest | (3,237) | (8,996) | (1,734) | |||||
| Net income (loss) attributable to parent: | (12,757) | (11,531) | (306,068) | 4,079 | 43,712 | 32,603 | ||
| Preferred stock dividends and other adjustments | (9,553) | (9,396) | (9,190) | (9,255) | (9,548) | (7,954) | ||
| Net income (loss) available to common stockholders, basic: | (22,309) | (20,927) | (315,257) | (5,176) | 34,163 | 24,649 | ||
| Interest on convertible debt | 8,766 | |||||||
| Net income (loss) available to common stockholders, diluted: | (22,309) | (20,927) | (315,257) | (5,176) | 42,930 | 24,649 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (9,520) | (2,536) | (306,068) | 4,079 | 43,712 | 34,337 | ||
| Other comprehensive income | 14 | |||||||
| Comprehensive income (loss): | (9,520) | (2,536) | (306,068) | 4,079 | 43,712 | 34,350 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (3,237) | (8,996) | (1,736) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (12,757) | (11,531) | (306,068) | 4,079 | 43,712 | 32,614 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.