BRISTOL BAY NATIVE CORPORATION
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Years ended March 31, 2019, 2018 and 2017 (In thousands, except shares and per share data)
2019
2018
2017
REVENUES AND GAINS
Industrial Services
981,197 867,764 764,541
Construction
$
403,666 473,397 440,208
Government Services 260,580 267,250 277,541
11,760 10,751 9,114
2,756 (734) (482)
Tourism
Equity in earnings (losses)
Gain on sale of controlling interest in subsidiary 6,819 — —
Investment earnings (notes 5 and 7) 8,659 28,693 25,271
11,753 10,677 6,904
1,824 1,547 2,084
1,689,014 1,659,345 1,525,181
956,205 872,822 767,941
Cost of Construction 397,363 450,564 415,116
Cost of Government Services 233,096 238,744 245,365
11,665 11,117 7,887
1,037 1,432 962
Natural Resources
Other
COSTS AND EXPENSES
Cost of Industrial Services
Cost of Tourism
Cost of investment management
Corporate general and administrative expense
17,509 23,385 19,266
Interest 1,707 1,885 1,714
Other 2,935 2,520 2,234
1,621,517 1,602,469 1,460,485
Earnings from operations
67,497 56,876 64,696
(14,010) 46,348 (23,564)
53,487 103,224 41,132
(339) (161) (111)
$ 53,148 103,063 41,021
$ 98 191 76
540,100 540,100 540,100
Income tax benefit (expense) (note 13)
NET EARNINGS
Less income attributable to noncontrolling interest
NET EARNINGS ATTRIBUTABLE TO BRISTOL BAY NATIVE CORPORATION
Earnings per share
Weighted average shares outstanding
See accompanying notes to consolidated financial statements.
M anagement ' s D iscussion and A nalysis
43