CorEnergy Infrastructure Trust, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data

Quarterly Financial Data

12 Months Ended

Nov. 30, 2012

14. Quarterly Financial Data (Unaudited)


	For the Fiscal Quarter Ended
	February 28, 2012			May 31, 2012			August 31, 2012			November 30, 2012
Sales revenue	$	2,437,310		$	1,439,958		$	1,927,626		$	2,216,128
Lease income		638,244			638,244			638,244			638,243

Total revenue		3,075,554			2,078,202			2,565,870			2,854,371

Cost of sales		2,004,672			1,031,114			1,381,161			1,661,155
Management fees, net of expense reimbursements		247,381			254,965			298,051			246,399
All other expenses		599,865			892,759			1,082,911			1,117,268

Total expenses		2,851,918			2,178,838			2,762,123			3,024,822

Income (loss) from operations, before income taxes		223,636			(100,636	)		(196,253	)		(170,451	)

Realized and unrealized gain on securities transactions, before income taxes		8,931,466			3,237,325			8,492,502			(479,416	)
Distributions and income from investments, net		85,262			55,462			(502,176	)		82,057
Interest Expense		(27,409	)		(25,229	)		(16,780	)		(11,705	)

Total other income (loss) and expense, net, before income taxes		8,989,319			3,267,558			7,973,546			(409,064	)

Income (loss) before income taxes		9,212,955			3,166,922			7,777,293			(579,515	)

Current and deferred tax expense, net		(3,465,914	)		(1,190,162	)		(2,788,785	)		215,927

Net income	$	5,747,041		$	1,976,760		$	4,988,508		$	(363,588	)

Basic and diluted earnings (loss) per share	$	0.63		$	0.21		$	0.54		$	(.04	)


	For the Fiscal Quarter Ended
	February 28, 2011			May 31, 2011			August 31, 2011			November 30, 2011 ⁽¹⁾
Sales revenue	$	—		$	—		$	—		$	2,161,723
Lease income		—			—			425,496			638,244

Total revenue		—			—			425,496			2,799,967

Cost of sales		—			—			—			1,689,374
Management fees, net of expense reimbursements		234,680			241,193			248,367			243,923
All other expenses		153,843			157,012			944,404			746,580

Total expenses		388,523			398,205			1,192,771			2,679,877

Income (loss) from operations, before income taxes		(388,523	)		(398,205	)		(767,275	)		120,090

Realized and unrealized gain (loss) on securities transactions, before income taxes		677,745			4,441,071			2,043,019			(2,578,087	)
Distributions and income from investments, net		561,786			253,396			(189,001	)		25,492
Other income		—			40,000			—			—
Interest Expense		—			—			(14,064	)		(22,444	)

Total other income (loss) and expense, net, before income taxes		1,239,531			4,734,467			1,839,954			(2,575,039	)

Income before Income Taxes		851,008			4,336,262			1,072,679			(2,454,949	)

Current and deferred tax benefit (expense), net		262,262			(1,553,250	)		(482,040	)		890,171

Net income (loss)	$	1,113,270		$	2,783,012		$	590,639		$	(1,564,778	)

Basic and diluted earnings (loss) per share	$	0.12		$	0.30		$	0.07		$	(0.17	)

(1)

Results of operations for the fiscal quarter ended November 30, 2011 reflect the consolidation of the Company’s wholly-owned subsidiary, Mowood, LLC, effective September 21, 2011.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details