Mackinac Financial
Income Statement
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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. Mackinac Financial's past years’ income statements indicate that its last revenue has increased compared to the previous period by 8% to $63,040,000. Profit margin reached 21%. Total operating expenses were $44,973,000.
Profit Margin
| 2011 | 21.58M | 2.21M | 10.28% |
|---|---|---|---|
| 2012 | 22.99M | 7.08M | 30.83% |
| 2013 | 24.72M | 5.93M | 24.02% |
| 2014 | 25.94M | 1.7M | 6.55% |
| 2015 | 32.05M | 5.59M | 17.46% |
| 2016 | 36.15M | 4.48M | 12.4% |
| 2017 | 40.64M | 5.47M | 13.48% |
| 2018 | 50.22M | 8.36M | 16.66% |
| 2019 | 58.31M | 13.85M | 23.75% |
| 2020 | 63.04M | 13.47M | 21.37% |
MFNC Income Statement (2011 – 2020)
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 63.04M | 58.31M | 50.22M | 40.64M | 36.15M | 32.05M | 25.94M | 24.72M | 22.99M | 21.58M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 63.04M | 58.31M | 50.22M | 40.64M | 36.15M | 32.05M | 25.94M | 24.72M | 0 | 0 |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 912K | 889K | 905K | 711K | 620K | 507K | 449K | 436K | 376K | 351K |
Total operating expenses | 44.97M | 53M | 49M | 37M | 35M | 29M | 28M | 24M | 22M | 23M |
Operating income | 17.05M | 28.18M | 18.84M | 17.45M | 11.65M | 12.32M | 6.97M | 9.65M | 0 | 0 |
Other income (expenses), net | 0 | -10.47M | -8.24M | -6.43M | -4.88M | -4.39M | -4.14M | -4.12M | 0 | 0 |
Income before tax | 17.05M | 17.71M | 10.59M | 11.01M | 6.76M | 7.92M | 2.82M | 5.53M | 6.16M | 3.31M |
Income tax expense | 3.58M | 3.86M | 2.22M | 5.53M | 2.28M | 2.33M | 1.12M | -403K | -922K | 1.09M |
Net income | 13.47M | 13.85M | 8.36M | 5.47M | 4.48M | 5.59M | 1.7M | 5.93M | 7.08M | 2.21M |
Earnings per share | ||||||||||
Basic EPS | 1.28 | 1.29 | 0.94 | 0.87 | 0.72 | 0.9 | 0.3 | 1.07 | 1.51 | 0.42 |
Diluted EPS | 1.28 | 1.29 | 0.94 | 0.87 | 0.71 | 0.89 | 0.3 | 1.05 | 1.46 | 0.41 |
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