Regional Express Holdings Ltd
ASX:REX
Income Statement
Earnings Waterfall
Regional Express Holdings Ltd
Revenue
|
656.3m
AUD
|
Cost of Revenue
|
-286.6m
AUD
|
Gross Profit
|
369.7m
AUD
|
Operating Expenses
|
-394.5m
AUD
|
Operating Income
|
-24.7m
AUD
|
Other Expenses
|
52.4m
AUD
|
Net Income
|
27.6m
AUD
|
Income Statement
Regional Express Holdings Ltd
Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | 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 |
174
N/A
|
192
+10%
|
225
+17%
|
250
+11%
|
261
+4%
|
268
+3%
|
251
-6%
|
233
-7%
|
230
-1%
|
233
+1%
|
240
+3%
|
258
+7%
|
273
+6%
|
270
-1%
|
258
-4%
|
252
-2%
|
253
+0%
|
254
+0%
|
256
+1%
|
259
+1%
|
262
+1%
|
274
+4%
|
281
+3%
|
288
+2%
|
296
+3%
|
308
+4%
|
318
+3%
|
320
+1%
|
260
-19%
|
159
-39%
|
169
+6%
|
191
+13%
|
287
+50%
|
537
+87%
|
641
+19%
|
656
+2%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(70)
|
(76)
|
(84)
|
(91)
|
(95)
|
(101)
|
(88)
|
(77)
|
(79)
|
(81)
|
(82)
|
(85)
|
(87)
|
(89)
|
(88)
|
(87)
|
(86)
|
(81)
|
(79)
|
(81)
|
(84)
|
(87)
|
(85)
|
(84)
|
(88)
|
(97)
|
(100)
|
(100)
|
(85)
|
(57)
|
(72)
|
(89)
|
(143)
|
(254)
|
(283)
|
(287)
|
|
Gross Profit |
104
N/A
|
116
+11%
|
141
+22%
|
159
+13%
|
165
+4%
|
166
+1%
|
163
-2%
|
156
-4%
|
151
-4%
|
153
+1%
|
158
+3%
|
172
+9%
|
186
+8%
|
181
-3%
|
171
-6%
|
165
-3%
|
167
+1%
|
173
+4%
|
177
+2%
|
178
+0%
|
178
+0%
|
187
+5%
|
196
+5%
|
203
+4%
|
208
+2%
|
211
+2%
|
217
+3%
|
220
+1%
|
175
-21%
|
102
-42%
|
96
-6%
|
102
+6%
|
144
+41%
|
282
+96%
|
357
+27%
|
370
+3%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||
Operating Expenses |
(84)
|
(93)
|
(109)
|
(128)
|
(132)
|
(133)
|
(132)
|
(127)
|
(124)
|
(127)
|
(134)
|
(143)
|
(152)
|
(154)
|
(154)
|
(155)
|
(156)
|
(161)
|
(165)
|
(168)
|
(172)
|
(177)
|
(177)
|
(179)
|
(182)
|
(185)
|
(192)
|
(198)
|
(197)
|
(174)
|
(196)
|
(231)
|
(281)
|
(363)
|
(385)
|
(394)
|
|
Selling, General & Administrative |
(61)
|
(66)
|
(72)
|
(83)
|
(87)
|
(89)
|
(91)
|
(90)
|
(89)
|
(91)
|
(97)
|
(102)
|
(106)
|
(107)
|
(106)
|
(107)
|
(108)
|
(110)
|
(113)
|
(114)
|
(117)
|
(120)
|
(121)
|
(123)
|
(123)
|
(125)
|
(129)
|
(130)
|
(119)
|
(106)
|
(126)
|
(146)
|
(174)
|
(221)
|
(246)
|
(265)
|
|
Research & Development |
(19)
|
(22)
|
(29)
|
(37)
|
(36)
|
(33)
|
(31)
|
(27)
|
(25)
|
(25)
|
(26)
|
(28)
|
(30)
|
(31)
|
(32)
|
(33)
|
(33)
|
(34)
|
(37)
|
(38)
|
(39)
|
(41)
|
(40)
|
(40)
|
(42)
|
(44)
|
(46)
|
(50)
|
(56)
|
(50)
|
(46)
|
(54)
|
(63)
|
(73)
|
(78)
|
(94)
|
|
Depreciation & Amortization |
(4)
|
(5)
|
(6)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(14)
|
(16)
|
(16)
|
(16)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(22)
|
(19)
|
(21)
|
(30)
|
(35)
|
(46)
|
(53)
|
(54)
|
|
Other Operating Expenses |
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
1
|
0
|
(0)
|
0
|
0
|
(3)
|
(1)
|
(8)
|
(23)
|
(8)
|
19
|
|
Operating Income |
20
N/A
|
23
+15%
|
33
+43%
|
31
-5%
|
33
+6%
|
34
+2%
|
31
-8%
|
29
-5%
|
26
-11%
|
26
-3%
|
23
-9%
|
29
+26%
|
34
+16%
|
27
-20%
|
17
-38%
|
11
-38%
|
11
+4%
|
12
+12%
|
12
-3%
|
10
-13%
|
6
-42%
|
9
+56%
|
19
+102%
|
24
+28%
|
26
+7%
|
27
+4%
|
25
-5%
|
22
-13%
|
(23)
N/A
|
(72)
-214%
|
(100)
-39%
|
(129)
-29%
|
(137)
-6%
|
(81)
+41%
|
(28)
+66%
|
(25)
+11%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
2
|
1
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
(2)
|
(6)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(5)
|
(7)
|
8
|
(5)
|
(4)
|
7
|
34
|
48
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
(15)
|
(2)
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
56
|
84
|
60
|
73
|
43
|
2
|
4
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
1
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
5
|
(1)
|
|
Total Other Income |
0
|
1
|
1
|
1
|
1
|
2
|
0
|
0
|
0
|
0
|
(0)
|
0
|
1
|
1
|
2
|
1
|
0
|
1
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
22
N/A
|
25
+13%
|
33
+33%
|
31
-8%
|
33
+7%
|
33
+3%
|
31
-8%
|
29
-5%
|
26
-10%
|
26
-3%
|
24
-6%
|
30
+26%
|
35
+15%
|
29
-17%
|
19
-34%
|
12
-39%
|
11
-9%
|
11
+5%
|
9
-17%
|
(9)
N/A
|
(11)
-14%
|
11
N/A
|
18
+60%
|
23
+29%
|
25
+9%
|
25
+2%
|
25
-1%
|
21
-17%
|
(27)
N/A
|
(23)
+16%
|
(7)
+69%
|
(74)
-931%
|
(68)
+8%
|
(31)
+55%
|
13
N/A
|
26
+107%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(7)
|
(9)
|
(8)
|
(8)
|
(9)
|
(8)
|
(7)
|
(2)
|
(2)
|
(7)
|
(8)
|
(10)
|
(8)
|
(5)
|
(3)
|
(3)
|
(3)
|
(3)
|
1
|
1
|
(3)
|
(5)
|
(7)
|
(8)
|
(8)
|
(8)
|
(6)
|
8
|
7
|
3
|
24
|
22
|
8
|
8
|
8
|
|
Income from Continuing Operations |
16
|
18
|
24
|
23
|
24
|
25
|
23
|
22
|
25
|
24
|
18
|
22
|
26
|
21
|
14
|
9
|
8
|
8
|
7
|
(9)
|
(10)
|
8
|
13
|
16
|
17
|
18
|
18
|
15
|
(19)
|
(16)
|
(4)
|
(50)
|
(46)
|
(23)
|
21
|
35
|
|
Income to Minority Interest |
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(6)
|
(7)
|
|
Net Income (Common) |
16
N/A
|
18
+14%
|
23
+29%
|
22
-5%
|
24
+11%
|
25
+1%
|
23
-6%
|
22
-4%
|
25
+11%
|
24
-3%
|
18
-26%
|
22
+26%
|
26
+15%
|
21
-17%
|
14
-34%
|
9
-39%
|
8
-10%
|
8
+4%
|
7
-17%
|
(9)
N/A
|
(10)
-10%
|
8
N/A
|
13
+58%
|
16
+23%
|
17
+9%
|
18
+4%
|
18
-1%
|
15
-17%
|
(19)
N/A
|
(16)
+16%
|
(4)
+76%
|
(50)
-1 207%
|
(46)
+9%
|
(26)
+44%
|
14
N/A
|
28
+92%
|
|
EPS (Diluted) |
0.16
N/A
|
0.16
N/A
|
0.2
+25%
|
0.19
-5%
|
0.21
+11%
|
0.21
N/A
|
0.2
-5%
|
0.19
-5%
|
0.22
+16%
|
0.22
N/A
|
0.16
-27%
|
0.2
+25%
|
0.23
+15%
|
0.19
-17%
|
0.13
-32%
|
0.08
-38%
|
0.07
-13%
|
0.08
+14%
|
0.06
-25%
|
-0.08
N/A
|
-0.09
-13%
|
0.08
N/A
|
0.12
+50%
|
0.15
+25%
|
0.16
+7%
|
0.16
N/A
|
0.16
N/A
|
0.13
-19%
|
-0.18
N/A
|
-0.15
+17%
|
-0.04
+73%
|
-0.45
-1 025%
|
-0.42
+7%
|
-0.23
+45%
|
0.06
N/A
|
0.23
+283%
|