XML 22 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Lease revenue $ 33,785 $ 29,458 $ 67,450 $ 58,830
Operating costs and expenses        
General and administrative expense 4,980 4,728 10,525 53,461
Depreciation 11,410 9,671 22,484 19,179
Total operating costs and expenses 16,390 14,399 33,009 72,640
Income (loss) from operations 17,395 15,059 34,441 (13,810)
Other (expense) income        
Interest expense, net (9,055) (6,939) (17,897) (14,361)
Other income, net 1,137 847 1,896 1,473
Total other expense (7,918) (6,092) (16,001) (12,888)
Income (loss) before income taxes 9,477 8,967 18,440 (26,698)
Income tax expense 293 124 479 332
Net income (loss) 9,184 8,843 17,961 (27,030)
Less: Net income (loss) attributable to noncontrolling interest 2,576 2,481 5,038 (6,519)
Net income (loss) attributable to InfraREIT, Inc. $ 6,608 $ 6,362 $ 12,923 $ (20,511)
Net income (loss) attributable to InfraREIT, Inc. common stockholders per share:        
Basic $ 0.15 $ 0.15 $ 0.30 $ (0.48)
Diluted 0.15 0.15 0.30 (0.48)
Cash dividends declared per common share $ 0.250 $ 0.225 $ 0.500 $ 0.625