TYG Q2 2009 Earnings Report — Tortoise Energy Infrastructure Corporation Revenue & Financial Results | Market Cap Arena

Tortoise Energy Infrastructure CorporationTYG

Q2 2009 Earnings

Reported May 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2009	Q1 2009	Q2 2008	QoQ Change	YoY Change
Revenue	$7M	$2M	—	200.9%	—
Op. Income	$2M	-$4M	—	151.9%	—
Gross Margin	29.0%	-103.1%	—	132.1pp	—
Net Margin	1326.9%	1780.2%	—	-453.2pp	—
EPS (Diluted)	$3.87	$1.72	—	125.0%	—

Revenue Flow

Item	Amount
REVENUE	$7M
Cost of Revenue	$5M
GROSS PROFIT	$2M
R&D Expenses	$0
Selling & Marketing	$90.0K
General & Administrative	$70.0K
SG&A Expenses	$160.0K
Other Expenses	$0
Operating Expenses	$160.0K
Cost & Expenses	$5M
OPERATING INCOME	$2M
Interest Income	$0
Interest Expense	$89M
Other Income/Expenses	$89M
INCOME BEFORE TAX	$91M
Income Tax Expense	$340.0K
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$178M
EBIT	$180M
EBITDA	$180M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$7M
Cost of Revenue	$5M
GROSS PROFIT	$2M
R&D Expenses	$0
Selling & Marketing	$90.0K
General & Administrative	$70.0K
SG&A Expenses	$160.0K
Other Expenses	$0
Operating Expenses	$160.0K
Cost & Expenses	$5M
OPERATING INCOME	$2M
Interest Income	$0
Interest Expense	$89M
Other Income/Expenses	$89M
INCOME BEFORE TAX	$91M
Income Tax Expense	$340.0K
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$178M
EBIT	$180M
EBITDA	$180M
EPS	$4
EPS Diluted	$4

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$836M
Tax Assets	$59M
Other Non-Current Assets	-$895M
TOTAL NON-CURRENT ASSETS	$895M
TOTAL ASSETS	$840M
Account Payables	$1M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$81M
TOTAL CURRENT LIABILITIES	$90M
Long-Term Debt	$170M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$170M
TOTAL LIABILITIES	$260M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	-$14M
Treasury Stock	$0
Accum. Other Comp. Income	$115M
Other Equity	$479M
TOTAL STOCKHOLDERS' EQUITY	$581M
Minority Interest	$0
TOTAL EQUITY	$581M
TOTAL LIABILITIES & EQUITY	$840M
Total Debt	$178M
Net Debt	$178M