MANAGEMENT’S DISCUSSION AND ANALYSIS Financial Statements (Continued) Revenues, Expenses and Changes in Net Position: The following table illustrates the history of revenues, expenses and changes in net position for the past three years ending June 30, 2021, 2020, and 2019, respectively. 2021 2020 Operating revenues: Container cargo General cargo Liquid and dry bulk Operating revenues Operating expenses: Operation and maintenance of facilities General administration Depreciation Operating expenses Operating income Non-operating income (expense) Investment income Noncapital contributions Noncapital port development expense Capital contributions repaid to the State Gain (loss) on sale/impairment of capital assets Other Non-operating (expense) income, net Capital contributions Change in net position Total net position, beginning of year Total net position, end of year $ $ 551,507 58,517 5,405 615,429 231,332 89,654 76,281 397,267 218,162 286 14,028 (11,461) - (7,889) (8,889) (13,925) 8,473 212,710 1,832,785 2,045,495 $ $ 415,726 61,014 4,988 481,728 200,532 75,786 67,005 343,323 138,405 4,706 27,767 (26,011) (5,472) 422 (8,972) (7,560) 5,774 136,619 1,696,166 1,832,785 $ $ 2019 410,006 58,752 4,861 473,619 195,891 68,509 61,148 325,548 148,071 7,224 274 (380) (7,198) 38,583 (10,395) 28,108 21,151 197,330 1,498,836 1,696,166 Total fiscal year 2021 operating revenues of the Authority were a record $615,429 or 27.8% greater than the fiscal year 2020 revenue of $481,728. Fiscal year 2020 operating revenues were 1.7% greater than fiscal year 2019 revenue of $473,619. The revenue increases over fiscal year 2019 were primarily attributable to increases in container volumes over the two fiscal years. 10
