TYG Q1 2010 Earnings Report — Tortoise Energy Infrastructure Corporation Revenue & Financial Results | Market Cap Arena

Tortoise Energy Infrastructure CorporationTYG

Q1 2010 Earnings

Reported February 27, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2010	Q4 2009	Q1 2009	QoQ Change	YoY Change
Revenue	$2M	$4M	$2M	-43.2%	9.7%
Op. Income	-$5M	-$7M	-$4M	21.8%	-50.1%
Gross Margin	-122.1%	-146.6%	-103.1%	24.5pp	-19.0pp
Net Margin	2909.2%	3458.4%	1780.2%	-549.2pp	1129.1pp
EPS (Diluted)	$2.70	$6.30	$1.72	-57.1%	57.0%
Free Cash Flow	-$85M	$22M	—	-479.0%	—

Income Statement

Item	Amount
REVENUE	$2M
Cost of Revenue	$6M
GROSS PROFIT	-$3M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$70.0K
SG&A Expenses	$2M
Other Expenses	$0
Operating Expenses	$2M
Cost & Expenses	$8M
OPERATING INCOME	-$5M
Interest Income	$0
Interest Expense	$76M
Other Income/Expenses	$76M
INCOME BEFORE TAX	$71M
Income Tax Expense	-$2M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$152M
EBIT	$147M
EBITDA	$147M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$74M
Change in Working Capital	-$83M
OPERATING CASH FLOW	-$85M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$89M
Common Dividends Paid	-$200.0K
Other Financing Activities	$85M
NET CASH FROM FINANCING	$85M
FREE CASH FLOW	-$85M
Net Change in Cash	$0