PICO Holdings

Fundamentals - Annual Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Restated) Year Ending Dec 2015 (Restated) Year Ending Dec 2014 (Restated)
Net Sales 14.36 36.28 10.10 8.33 193.57
Revenue 14.36 36.28 10.10 8.33 193.57
Total Revenue -- 36.28 10.10 8.33 193.57
Cost of Revenue 5.25 13.22 0.33 1.24 158.20
Cost of Revenue, Total 5.25 13.22 0.33 1.24 158.20
Gross Profit -- 23.06 9.78 7.09 35.37
Selling/General/Administrative Expense 11.05 12.41 32.83 20.03 64.89
Selling/General/Administrative Expenses, Total 11.05 12.41 32.83 20.03 64.89
Depreciation 0.08 0.31 0.87 1.66 3.05
Depreciation/Amortization 0.08 0.31 0.87 1.66 3.05
Impairment-Assets Held for Use -- -- 0.20 2.09 13.08
Impairment-Assets Held for Sale 1.31 -- 2.17 20.70 1.08
Unusual Expense (Income) 1.31 -- 2.37 22.78 14.16
Other, Net -- -- -- -- --
Other Operating Expenses, Total -- -- -- -- --
Total Operating Expense 16.37 25.94 36.39 45.71 240.31
Operating Income -- 10.34 -26.29 -37.38 -46.74
Interest Expense - Non-Operating -- -- -- -- -0.23
Interest Expense, Net Non-Operating -- -- -- -- -0.23
Interest Income (Expense), Net-Non-Operating, Total -- -- -- -- -0.23
Net Income Before Taxes -3.32 10.34 -26.29 -37.38 -46.97
Income Tax – Total 0.05 38.65 -1.14 -2.96 -3.51
Income After Tax -3.37 -28.31 -25.15 -34.42 -43.46
Minority Interest 0.00 -1.15 -8.84 -0.98 7.18
Equity In Affiliates -- -- -- -3.42 -2.08
Net Income Before Extraordinary Items -- -29.46 -33.99 -38.82 -38.35
Discontinued Operations 0.04 -5.65 12.12 -43.04 -14.07
Extraordinary Item -- 35.57 -- -- --
Total Extraordinary Items 0.04 29.93 12.12 -43.04 -14.07
Net Income -- 0.46 -21.87 -81.86 -52.43
Income Available to Common Excluding Extraordinary Items -- -29.46 -33.99 -38.82 -38.35
Income Available to Common Stocks Including Extraordinary Items -3.33 0.46 -21.87 -81.86 -52.43
Basic Weighted Average Shares 22.07 23.12 23.05 23.01 22.80
Basic EPS Excluding Extraordinary Items -- -1.27 -1.47 -1.69 -1.68
Basic EPS Including Extraordinary Items -0.15 0.02 -0.95 -3.56 -2.30
Dilution Adjustment -- -- -- -- --
Diluted Net Income -- 0.46 -21.87 -81.86 -52.43
Diluted Weighted Average Shares 22.07 23.12 23.05 23.01 22.80
Diluted EPS Excluding Extraordinary Items -- -1.27 -1.47 -1.69 -1.68
Diluted EPS Including Extraordinary Items -0.15 0.02 -0.95 -3.56 -2.30
DPS - Common Stock Primary Issue -- -- -- 0.00 0.00
Gross Dividends - Common Stock -- 115.90 0.00 0.00 0.00
Total Special Items -- -- 2.37 22.78 14.16
Normalized Income Before Taxes -- 10.34 -23.92 -14.60 -32.81
Effect of Special Items on Income Taxes -- -- 0.83 7.97 4.96
Income Taxes Excluding Impact of Special Items -- 38.65 -0.31 5.01 1.44
Normalized Income After Taxes -- -28.31 -23.61 -19.61 -34.25
Normalized Income Available to Common -- -29.46 -32.45 -24.01 -29.15
Basic Normalized EPS -- -1.27 -1.41 -1.04 -1.28
Diluted Normalized EPS -- -1.27 -1.41 -1.04 -1.28
Depreciation, Supplemental 0.08 0.31 0.90 1.66 3.05
Interest Expense, Supplemental -- -- -- -- 0.23
Interest Capitalized, Supplemental -- -- -- -- -3.80
Rental Expense, Supplemental -- 0.39 0.70 0.57 1.60
Stock-Based Compensation, Supplemental -- 1.30 2.85 1.91 7.07
Equity in Affiliates, Supplemental -- -- -- -3.42 -2.08
Minority Interest, Supplemental 0.00 -1.15 -8.84 -0.98 7.18
Audit-Related Fees, Supplemental -- 0.64 1.34 -- 1.98
Audit-Related Fees -- 0.03 0.14 -- 0.14
Tax Fees, Supplemental -- 0.15 0.37 -- 0.45
All Other Fees Paid to Auditor, Supplemental -- -- -- -- --
Gross Margin -- 63.57 96.77 85.12 18.27
Operating Margin -- 28.51 -260.17 -448.85 -24.15
Pretax Margin -- 28.51 -260.17 -448.85 -24.27
Effective Tax Rate -- 373.77 -- -- --
Net Profit Margin -- -81.21 -336.39 -466.14 -19.81
Normalized EBIT -- 10.34 -23.92 -14.60 -32.58
Normalized EBITDA -- 10.65 -23.02 -12.94 -29.53
Current Tax - Domestic -- -- -- -- --
Current Tax - Foreign -- -- -- -- --
Current Tax - Total -- -0.36 0.05 -0.05 -0.20
Current Tax - Total -- -0.36 0.05 -0.05 -0.20
Deferred Tax - Domestic -- 39.01 -- -- --
Deferred Tax - Foreign -- -- -- -- --
Deferred Tax - Total -- -- -1.18 -2.91 -3.32
Deferred Tax - Total -- 39.01 -1.18 -2.91 -3.32
Income Tax - Total -- 38.65 -1.14 -2.96 -3.51
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense -- -- -- -- --
For a more complete picture of our financial results, please review our SEC Filings

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