|
Revenues
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
($251.5m)
|
($305.4m)
|
($328.8m)
|
($357.6m)
|
($457.9m)
|
($519.4m)
|
|
Gross profit
|
|
$36.0m
|
$41.3m
|
$41.5m
|
$46.5m
|
$46.3m
|
$53.1m
|
|
Total operating expenses
|
|
($29.8m)
|
($32.8m)
|
($31.7m)
|
($32.6m)
|
($31.6m)
|
($36.2m)
|
|
Income from operations
|
|
$6.2m
|
$8.6m
|
$9.8m
|
$13.9m
|
$14.7m
|
$16.9m
|
|
Selling and marketing
|
|
($6.1m)
|
($7.7m)
|
($7.4m)
|
($6.7m)
|
($6.0m)
|
($6.0m)
|
|
General and administrative
|
|
($23.6m)
|
($25.0m)
|
($24.3m)
|
($25.9m)
|
($25.7m)
|
($30.2m)
|
|
Interest income
|
|
$1.3m
|
$1.3m
|
$1.3m
|
$126k
|
$159k
|
$255k
|
|
Provision for income taxes
|
|
($1.6m)
|
($1.5m)
|
($1.6m)
|
($2.3m)
|
($1.7m)
|
($2.0m)
|
|
Less: income (loss) attributable to non-controlling interests
|
|
($48k)
|
($254k)
|
$39k
|
$14k
|
($51k)
|
$283k
|
|
Foreign currency translation adjustments
|
|
—
|
—
|
—
|
($1.8m)
|
($1.8m)
|
$3.0m
|
|
Less: comprehensive income (loss) attributable to non-controlling interests
|
|
($15k)
|
($241k)
|
($188k)
|
($53k)
|
($134k)
|
$434k
|
|
Class A and Class B ordinary shares - Basic (in Shares)
|
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Class A and Class B ordinary shares - Diluted (in Shares)
|
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Total comprehensive income
|
|
$11.4m
|
$8.7m
|
($558k)
|
$8.5m
|
$9.1m
|
$15.2m
|
|
Total comprehensive income attributable to Shengfeng Development Limited
|
|
$11.5m
|
$9.0m
|
($370k)
|
$8.5m
|
$9.2m
|
$14.8m
|
|
Income before income taxes
|
|
$7.6m
|
$8.2m
|
$9.4m
|
$12.6m
|
$12.5m
|
$14.3m
|
|
Net income
|
|
$6.0m
|
$6.6m
|
$7.8m
|
$10.3m
|
$10.8m
|
$12.2m
|
|
Net income attributable to Shengfeng Development Limited’s shareholders
|
|
$6.1m
|
$6.9m
|
$7.8m
|
$10.3m
|
$10.9m
|
$11.9m
|
|
Interest expense
|
|
($2.0m)
|
($2.3m)
|
($2.2m)
|
($1.8m)
|
($2.0m)
|
($2.7m)
|
|
Other (expense) income, net
|
|
$2.1m
|
$559k
|
$532k
|
$371k
|
($360k)
|
($143k)
|