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EnergySolutions, Inc.

SIC 4955 · Hazardous Waste Management
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EnergySolutions, Inc.

CIK:0001393744|SEC Filings
v2.4.0.8
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue $ 476,793 [1],[2] $ 526,208 [1],[2]
Cost of revenue (432,770) (479,788)
Gross profit 44,023 46,420
Selling, general and administrative expenses (30,882) (32,221)
Impairment of goodwill and other intangible assets (102,324) 0
Equity in income of unconsolidated joint ventures 292 676
Income (loss) from operations (88,891) [2],[3],[4] 14,875 [2],[3]
Interest expense (21,356) (18,645)
Other income, net 11,618 2,111
Loss before income taxes and noncontrolling interests (98,629) (1,659)
Income tax benefit (expense) 517 (6,539)
Net loss (98,112) (8,198)
Less: Net (income) loss attributable to noncontrolling interests 1 (2)
Net loss attributable to EnergySolutions (98,111) (8,200)
Other comprehensive income (loss):    
Net loss (98,112) (8,198)
Foreign currency translation adjustments, net of taxes 840 (8,687)
Change in unrecognized actuarial loss (126) (478)
Other comprehensive loss, net of taxes (97,398) (17,363)
Less: net (income) loss attributable to noncontrolling interests 1 (2)
Comprehensive loss attributable to EnergySolutions $ (97,397) $ (17,365)
[1] We eliminate intersegment revenue in consolidation. Intersegment revenue for the three month periods ended March 31, 2014, and 2013 was $0.7 million and $5.5 million, respectively. Revenue by segment represent revenue earned based on third-party billings to customers.
[2] Results of our operations for services provided to our customers in Asia and Europe are included in our Products Group, and for services provided in Canada are included
[3] For the three month periods ended March 31, 2014, and 2013, we recorded $0.3 million and $0.7 million, respectively of income from our unconsolidated joint ventures of which $0.1million and $0.2 million, respectively, of losses are attributable to LP&D operations; and $0.4 million and $0.9 million, respectively, of income is attributable to the Projects Group.
[4] Losses from our International operations for the three month period ended March 31, 2014, included a $102.3 million non cash impairment charge related to Goodwill and the customer relationship intangible assets associated to the Magnox contract.