IDP Education Ltd
ASX:IEL
Income Statement
Earnings Waterfall
IDP Education Ltd
Revenue
|
1.1B
AUD
|
Operating Expenses
|
-805.5m
AUD
|
Operating Income
|
253.8m
AUD
|
Other Expenses
|
-90.1m
AUD
|
Net Income
|
163.7m
AUD
|
Income Statement
IDP Education Ltd
Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||
Revenue |
362
N/A
|
370
+2%
|
394
+7%
|
446
+13%
|
487
+9%
|
549
+13%
|
598
+9%
|
673
+12%
|
587
-13%
|
477
-19%
|
529
+11%
|
656
+24%
|
793
+21%
|
898
+13%
|
982
+9%
|
1 059
+8%
|
|
Gross Profit | |||||||||||||||||
Cost of Revenue |
(173)
|
(174)
|
(181)
|
(200)
|
(218)
|
(219)
|
(211)
|
(229)
|
(193)
|
(160)
|
(191)
|
(244)
|
(277)
|
(283)
|
(299)
|
0
|
|
Gross Profit |
188
N/A
|
196
+4%
|
213
+8%
|
246
+16%
|
269
+9%
|
330
+23%
|
387
+17%
|
444
+15%
|
395
-11%
|
317
-20%
|
338
+7%
|
412
+22%
|
517
+25%
|
615
+19%
|
683
+11%
|
0
N/A
|
|
Operating Income | |||||||||||||||||
Operating Expenses |
(135)
|
(137)
|
(150)
|
(172)
|
(194)
|
(239)
|
(287)
|
(317)
|
(291)
|
(256)
|
(281)
|
(320)
|
(352)
|
(399)
|
(453)
|
(805)
|
|
Selling, General & Administrative |
(117)
|
(120)
|
(131)
|
(150)
|
(167)
|
(205)
|
(247)
|
(263)
|
(228)
|
(194)
|
(429)
|
(257)
|
(589)
|
(493)
|
(700)
|
(750)
|
|
Depreciation & Amortization |
(7)
|
(6)
|
(7)
|
(10)
|
(13)
|
(16)
|
(18)
|
(29)
|
(37)
|
(37)
|
(38)
|
(36)
|
(38)
|
(43)
|
(50)
|
(55)
|
|
Other Operating Expenses |
(10)
|
(10)
|
(11)
|
(12)
|
(14)
|
(18)
|
(22)
|
(24)
|
(26)
|
(24)
|
186
|
(27)
|
275
|
138
|
297
|
(1)
|
|
Operating Income |
54
N/A
|
60
+11%
|
63
+6%
|
74
+17%
|
75
+2%
|
91
+21%
|
101
+10%
|
127
+26%
|
103
-18%
|
61
-41%
|
57
-6%
|
93
+62%
|
164
+77%
|
217
+32%
|
230
+6%
|
254
+10%
|
|
Pre-Tax Income | |||||||||||||||||
Interest Income Expense |
0
|
(0)
|
(2)
|
(3)
|
(0)
|
(4)
|
(5)
|
(5)
|
(4)
|
(7)
|
(4)
|
(6)
|
(12)
|
(23)
|
(21)
|
(26)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
10
|
8
|
3
|
1
|
(2)
|
0
|
0
|
|
Total Other Income |
0
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
0
|
(2)
|
0
|
(1)
|
0
|
(2)
|
0
|
|
Pre-Tax Income |
54
N/A
|
59
+10%
|
61
+2%
|
70
+16%
|
74
+5%
|
87
+18%
|
95
+9%
|
122
+28%
|
103
-16%
|
65
-37%
|
59
-9%
|
89
+51%
|
152
+71%
|
192
+26%
|
207
+8%
|
228
+10%
|
|
Net Income | |||||||||||||||||
Tax Provision |
(14)
|
(16)
|
(19)
|
(23)
|
(22)
|
(26)
|
(29)
|
(38)
|
(35)
|
(24)
|
(19)
|
(28)
|
(49)
|
(58)
|
(58)
|
(64)
|
|
Income from Continuing Operations |
40
|
44
|
42
|
48
|
51
|
62
|
66
|
83
|
68
|
41
|
39
|
61
|
103
|
134
|
149
|
164
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
|
Net Income (Common) |
40
N/A
|
44
+9%
|
42
-5%
|
48
+15%
|
52
+8%
|
62
+20%
|
67
+8%
|
84
+26%
|
68
-19%
|
41
-40%
|
40
-3%
|
61
+53%
|
103
+69%
|
134
+30%
|
149
+11%
|
164
+10%
|
|
EPS (Diluted) |
0.16
N/A
|
0.16
N/A
|
0.16
N/A
|
0.19
+19%
|
0.2
+5%
|
0.24
+20%
|
0.26
+8%
|
0.33
+27%
|
0.26
-21%
|
0.15
-42%
|
0.14
-7%
|
0.22
+57%
|
0.37
+68%
|
0.48
+30%
|
0.53
+10%
|
0.59
+11%
|