CorEnergy Infrastructure Trust, Inc. (CORR) financial statements (2022 and earlier)

Company profile

Business Address 1100 WALNUT
KANSAS CITY, MO 64106
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,496 120,86469,28715,78717,182
Cash and cash equivalents12,496 120,86469,28715,7877,895
Short-term investments     9,287
Inventory, net of allowances, customer advances and progress billings3,954     
Inventory3,954     
Total current assets:16,450 120,86469,28715,78717,182
Noncurrent Assets
Operating lease, right-of-use asset6,076  
Property, plant and equipment  106,856109,882113,159116,413
Long-term investments and receivables1,037 1,2351,3001,5001,500
Accounts and financing receivable, after allowance for credit loss1,037 1,2351,3001,5001,500
Intangible assets, net (including goodwill)16,210 1,7191,7191,7191,719
Goodwill16,210 1,7191,7191,7191,719
Deferred income tax assets206 4,594
Total noncurrent assets:23,529 114,403112,900116,378119,632
Other undisclosed assets468,614 416,189442,696501,253513,919
TOTAL ASSETS:508,593 651,456624,883633,418650,733
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt8,000 5,6123,5283,5287,129
Total current liabilities:8,000 5,6123,5283,5287,129
Noncurrent Liabilities
Long-term debt and lease obligation115,666 118,323112,777112,032111,245
Long-term debt, excluding current maturities115,666 118,323112,777112,032111,245
Liabilities, other than long-term debt   939  
Asset retirement obligations   939  
Total noncurrent liabilities:115,666 118,323113,716112,032111,245
Other undisclosed liabilities121,295 50,78152,62856,07298,450
Total liabilities:244,961 174,716169,872171,632216,823
Stockholders' equity
Stockholders' equity attributable to parent, including:140,686 476,739455,011461,786406,468
Preferred stock  125,493125,556130,00056,250
Common stock  14121212
Additional paid in capital338,303 360,844320,296331,774350,218
Accumulated other comprehensive loss     (11)
Retained earnings (accumulated deficit)(327,158) (9,612)9,148  
Other undisclosed stockholders' equity attributable to parent129,541     
Stockholders' equity attributable to noncontrolling interest122,945    27,441
Total stockholders' equity:263,632 476,739455,011461,786433,909
TOTAL LIABILITIES AND EQUITY:508,593 651,456624,883633,418650,733

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues128,134 85,94689,23288,74989,251
Revenue, net19,94621,094
Operating lease, lease income1,246 67,051
Cost of revenue(81,068) (27,388)(31,630)(30,110)(33,274)
Cost of goods and services sold  (5,242)(7,211)(6,730)(6,463)
Financial services costs (5,014)
Gross profit:47,066 58,55857,60158,63955,977
Operating expenses(32,693) (11,033)(13,534)(11,454)(12,997)
Operating income:14,373 47,52544,06747,18542,980
Nonoperating expense(12,834) (43,210)(2,774)(10,504)(12,453)
Interest and debt expense(862) (33,961)(12,759)(337)72
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  33,96112,759337(72)
Income from continuing operations before equity method investments, income taxes:677 4,31441,29336,68230,527
Other undisclosed income from continuing operations before income taxes862     
Income from continuing operations before income taxes:1,539 4,31441,29336,68230,527
Income tax expense (benefit)(4,075) (235)2,419(2,345)464
Net income (loss):(2,536) 4,07943,71234,33730,991
Net loss attributable to noncontrolling interest(8,996)   (1,734)(1,328)
Net income (loss) attributable to parent:(11,531) 4,07943,71232,60329,663
Preferred stock dividends and other adjustments(9,396) (9,255)(9,548)(7,954)(4,148)
Net income (loss) available to common stockholders, basic:(20,927) (5,176)34,16324,64925,515
Interest on convertible debt   8,766  
Net income (loss) available to common stockholders, diluted:(20,927) (5,176)42,93024,64925,515

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(2,536) 4,07943,71234,33730,991
Other comprehensive income (loss)    14(249)
Comprehensive income (loss):(2,536) 4,07943,71234,35030,742
Comprehensive loss, net of tax, attributable to noncontrolling interest(8,996)   (1,736)(1,281)
Comprehensive income (loss), net of tax, attributable to parent:(11,531) 4,07943,71232,61429,461

Statements sources

The financial statements are based on the company's filings with the 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.

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