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

Annual report pursuant to Section 13 and 15(d)

MoGas Transaction (Tables)

MoGas Transaction (Tables)

12 Months Ended

Dec. 31, 2016

For comparative purposes, the following table illustrates the effect on the Consolidated Statements of Income and Comprehensive Income as well as earnings per share—basic and diluted—as if the Company had consummated the MoGas Transaction as of January 1, 2014:



	For the Year Ended December 31, 2014
Total Revenue ⁽¹⁾	$	53,315,951
Total Expenses ⁽²⁾	35,742,957
Operating Income	17,572,994
Other Expenses, net ⁽³⁾	(3,997,916		)
Tax Benefit ⁽⁴⁾	641,304
Net Income	14,216,382
Less: Net Income attributable to non-controlling interest	1,556,157
Net Income attributable to CORR Stockholders	$	12,660,225
Earnings per share:
Basic and Diluted	$	1.37
Weighted Average Shares of Common Stock Outstanding:
Basic and Diluted ⁽⁵⁾	9,236,345
⁽¹⁾Includes elimination adjustments for intercompany sales and rent.
⁽²⁾ Includes adjustments for an increase in management fee payable, elimination of intercompany purchases and rent, depreciation, and other miscellaneous expenses.
⁽³⁾ Includes adjustments for interest expense and other miscellaneous income.
⁽⁴⁾ Includes an adjustment for a deferred tax benefit.
⁽⁵⁾Shares outstanding were adjusted for the November 17, 2014, follow-on equity offering related to the acquisition.