INNOVATE Corp.
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. INNOVATE Corp.'s past years’ income statements indicate that its last revenue has decreased compared to the previous period by 13% to $1,423,000,000. The net income raised on -$37,600,000 and profit margin reached -3%. Total operating expenses were $189,500,000.
Profit Margin
| 2014 | 543.20M | -16.29M | -3% |
|---|---|---|---|
| 2015 | 1.12B | -39.82M | -3.55% |
| 2016 | 1.55B | -94.54M | -6.07% |
| 2017 | 1.63B | -49.7M | -3.04% |
| 2018 | 1.97B | 162M | 8.2% |
| 2019 | 1.81B | -16.8M | -0.93% |
| 2020 | 1.00B | -46.4M | -4.61% |
| 2021 | 1.20B | -86.3M | -7.16% |
| 2022 | 1.63B | -42M | -2.57% |
| 2023 | 1.42B | -37.6M | -2.64% |
VATE Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.42B | 1.63B | 1.20B | 1.00B | 1.81B | 1.97B | 1.63B | 1.55B | 1.12B | 543.20M |
Cost of revenue | 1.20B | 1.41B | 1.02B | 838.5M | 1.53B | 1.78B | 1.42B | 1.37B | 984.86M | 471.48M |
Gross profit | 216M | 221.4M | 183.7M | 167.3M | 279.3M | 194.2M | 212.35M | 180.90M | 135.93M | 71.71M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | -108.69M | -179K | -3.43M | 0 |
Total operating expenses | 189.5M | 208M | 194.3M | 157.9M | 191.3M | 250M | 213.49M | 177.38M | 131.80M | 86.01M |
Operating income | 29.2M | 13.4M | -9.1M | 77.7M | 95.8M | -55.8M | -1.13M | -1.42M | 2.22M | -14.42M |
Other income (expenses), net | -63.6M | -54.5M | -71.6M | -18.4M | -132.9M | 313.8M | -38.65M | -5.93M | -47.33M | -20.56M |
Income before tax | -34.4M | -41.1M | -80.7M | -27.8M | -37.1M | 182.3M | -39.75M | -45.79M | -46.62M | -33.88M |
Income tax expense | 4.5M | 900K | 5.6M | 10.5M | -20.3M | 2.4M | 10.74M | 51.63M | -10.88M | -24.48M |
Net income | -37.6M | -42M | -86.3M | -46.4M | -16.8M | 162M | -49.7M | -94.54M | -39.82M | -16.29M |
Earnings per share | ||||||||||
Basic EPS | -4.78 | -0.54 | -1.11 | -9.22 | -0.37 | 3.63 | -11.61 | -2.54 | -15.04 | -8.26 |
Diluted EPS | -4.78 | -0.54 | -1.11 | -9.22 | -0.37 | 3.46 | -11.61 | -2.53 | -15.04 | -8.26 |
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