CIT Group
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. CIT Group's past years’ income statements indicate that its last revenue has increased compared to the previous period by 3% to $2,324,600,000. Profit margin reached -26%. Total operating expenses were -$2,294,700,000.
Profit Margin
| 2011 | 2.06B | 26.7M | 1.3% |
|---|---|---|---|
| 2012 | 1.10B | -592.3M | -53.49% |
| 2013 | 2.39B | 681.6M | 28.51% |
| 2014 | 2.54B | 1.07B | 42.45% |
| 2015 | 2.73B | 1.06B | 38.94% |
| 2016 | 2.32B | -182.6M | -7.85% |
| 2017 | 2.47B | 259.4M | 10.47% |
| 2018 | 2.37B | 472.1M | 19.89% |
| 2019 | 2.26B | 529.4M | 23.36% |
| 2020 | 2.32B | -615.3M | -26.47% |
CIT Income Statement (2011 – 2020)
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 2.32B | 2.26B | 2.37B | 2.47B | 2.32B | 2.73B | 2.54B | 2.39B | 1.10B | 2.06B |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 2.32B | 2.26B | 2.37B | 2.47B | 2.32B | 2.73B | 2.54B | 2.39B | 0 | 0 |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 34.1M | 40.4M | 47.6M | 42.2M | 20.5M | 31.3M | 33.7M | 25.2M | 36.5M | 0 |
Total operating expenses | -2.29B | -690.2M | -946.4M | -1.35B | -2.21B | -1.06B | -722.7M | -484.5M | 0 | 4.67B |
Operating income | 29.9M | 1.57B | 1.42B | 1.11B | 108.7M | 1.67B | 1.81B | 1.90B | 0 | 0 |
Other income (expenses), net | -733.3M | -952.5M | -790.1M | -926.5M | -87.8M | -1.09B | -1.13B | -1.13B | 0 | 0 |
Income before tax | -703.4M | 623.9M | 637M | 191.6M | 20.9M | 578.5M | 680.8M | 774.1M | -454.8M | 190.2M |
Income tax expense | -88.1M | 94.5M | 164.9M | -67.8M | 203.5M | -488.4M | -397.9M | 92.5M | 133.8M | 158.5M |
Net income | -615.3M | 529.4M | 472.1M | 259.4M | -182.6M | 1.06B | 1.07B | 681.6M | -592.3M | 26.7M |
Earnings per share | ||||||||||
Basic EPS | -6.25 | 5.46 | 3.97 | 1.6 | -0.9 | 5.75 | 5.72 | 3.4 | -2.95 | 0.13 |
Diluted EPS | -6.25 | 5.46 | 3.97 | 1.58 | -0.9 | 5.72 | 5.69 | 3.38 | -2.95 | 0.13 |
| Data source |