Advanced Emissions Solutions, Inc. (ADES)

Income Statement (Annual)

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	100.29	67.36	70.09	23.95	45.36	50.62	62.74	16.92	13.29	16.32
Revenue Growth (YoY)	48.89%	-3.89%	192.70%	-47.22%	-10.39%	-19.31%	270.73%	27.38%	-18.57%	-69.40%
Cost of Revenue	65.58	50.4	49.44	6.25	31.89	39.82	47.55	11.62	13.67	11.08
Gross Profit	34.72	16.96	20.64	17.69	13.48	10.81	15.19	5.3	-0.38	5.24
Selling, General & Admin	24.64	24.43	28.17	23.37	16.04	24.4	46.3	41.26	24.86	17.34
Research & Development	0	0	0	0	0	-0.65	5.36	1.52	3.24	0.25
Other Operating Expenses	5.23	33.51	7.37	0.72	1.58	3.15	5.33	4.33	3.78	2.5
Operating Expenses	29.87	57.95	35.54	24.09	17.62	26.9	56.99	47.12	31.88	20.09
Operating Income	4.85	-40.98	-14.89	-6.4	-4.14	-16.1	-41.8	-41.81	-32.26	-14.85
Interest Expense / Income	1.49	3.92	7.17	2.15	3.02	5.07	8.4	5.73	1.34	0.8
Other Expense / Income	-72.71	-31.11	-69.6	-54.43	-59.19	-57.9	-20.08	-49.22	-18.07	-2.53
Pretax Income	76.07	-13.79	47.54	45.88	52.03	36.74	-30.12	1.68	-15.52	-13.12
Income Tax	15.67	6.51	12	10.42	24.15	-60.94	0.02	0.3	0.46	0.01
Net Income	60.4	-20.3	35.54	35.45	27.87	97.68	-30.14	1.39	-15.99	-13.13
Net Income Common	60.4	-20.3	35.54	35.45	27.87	97.68	-30.14	1.39	-15.99	-13.13
Net Income Growth	-	-	0.23%	27.20%	-71.46%	-	-	-	-	-
Shares Outstanding (Basic)	18	18	18	20	21	22	22	22	20	20
Shares Outstanding (Diluted)	18	18	18	20	21	22	22	22	20	20
Shares Change	2.31%	-1.79%	-8.29%	-6.44%	-3.69%	2.12%	-1.39%	9.83%	1.38%	23.62%
EPS (Basic)	3.31	-1.12	1.96	1.78	1.30	4.40	-1.37	0.06	-0.78	-0.65
EPS (Diluted)	3.27	-1.12	1.93	1.76	1.29	4.34	-1.37	0.06	-0.78	-0.65
EPS Growth	-	-	9.66%	36.43%	-70.28%	-	-	-	-	-
Free Cash Flow Per Share	1.06	2.58	2.74	-0.52	-0.57	-0.84	-1.35	-1.94	-0.61	-1.02
Dividend Per Share	-	0.250	1.000	1.000	0.750	-	-	-	-	-
Dividend Growth	-	-75.00%	-	33.33%	-	-	-	-	-	-
Gross Margin	34.60%	25.20%	29.50%	73.90%	29.70%	21.30%	24.20%	31.30%	-2.90%	32.10%
Operating Margin	4.80%	-60.80%	-21.20%	-26.70%	-9.10%	-31.80%	-66.60%	-247.10%	-242.80%	-91.00%
Profit Margin	60.20%	-30.10%	50.70%	148.10%	61.40%	193.00%	-48.00%	8.20%	-120.30%	-80.50%
Free Cash Flow Margin	19.20%	69.20%	70.90%	-43.20%	-26.80%	-36.50%	-46.90%	-246.40%	-92.80%	-124.40%
Effective Tax Rate	20.60%	-47.21%	25.24%	22.72%	46.42%	-165.86%	-0.07%	17.59%	-2.98%	-0.11%
EBITDA	85.5	-1.33	62.08	48.75	55.84	42.79	-19.7	9.27	-12.54	-11.41
EBITDA Margin	85.20%	-2.00%	88.60%	203.60%	123.10%	84.50%	-31.40%	54.80%	-94.40%	-70.00%
Depreciation & Amortization	7.93	8.54	7.37	0.72	0.79	0.98	2.02	1.87	1.65	0.9
EBIT	77.56	-9.87	54.71	48.03	55.05	41.81	-21.72	7.41	-14.19	-12.32
EBIT Margin	77.30%	-14.70%	78.10%	200.60%	121.30%	82.60%	-34.60%	43.80%	-106.80%	-75.50%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).