Waterco Ltd
ASX:WAT
Income Statement
Earnings Waterfall
Waterco Ltd
Income Statement
Waterco Ltd
| Jun-2003 | Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | 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 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
3
|
2
|
2
|
2
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
2
|
4
|
4
|
0
|
|
| Revenue |
71
N/A
|
74
+4%
|
74
+0%
|
77
+3%
|
86
+12%
|
92
+7%
|
89
-3%
|
83
-7%
|
82
-1%
|
80
-3%
|
82
+3%
|
76
-8%
|
72
-5%
|
72
-1%
|
71
0%
|
70
-2%
|
68
-3%
|
67
-1%
|
67
-1%
|
68
+2%
|
69
+1%
|
72
+5%
|
78
+8%
|
80
+3%
|
88
+10%
|
90
+2%
|
82
-9%
|
80
-2%
|
83
+3%
|
87
+5%
|
86
0%
|
89
+3%
|
88
0%
|
94
+6%
|
98
+5%
|
108
+9%
|
118
+10%
|
118
0%
|
128
+9%
|
135
+5%
|
134
-1%
|
182
+36%
|
245
+34%
|
261
+7%
|
255
-2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(39)
|
(40)
|
(40)
|
(40)
|
(45)
|
(47)
|
(50)
|
(50)
|
(47)
|
(46)
|
(43)
|
(40)
|
(41)
|
(42)
|
(38)
|
(35)
|
(35)
|
(35)
|
(35)
|
(35)
|
(34)
|
(36)
|
(42)
|
(44)
|
(46)
|
(47)
|
(45)
|
(43)
|
(43)
|
(45)
|
(43)
|
(44)
|
(43)
|
(45)
|
(48)
|
(53)
|
(58)
|
(57)
|
(63)
|
(66)
|
(65)
|
(91)
|
(125)
|
(134)
|
(129)
|
|
| Gross Profit |
32
N/A
|
35
+8%
|
35
0%
|
37
+7%
|
41
+11%
|
45
+10%
|
39
-13%
|
33
-16%
|
36
+8%
|
34
-4%
|
39
+15%
|
35
-10%
|
31
-13%
|
30
-3%
|
34
+12%
|
35
+4%
|
33
-5%
|
32
-4%
|
31
-2%
|
33
+4%
|
34
+6%
|
36
+6%
|
36
-1%
|
36
-1%
|
42
+19%
|
43
+1%
|
37
-13%
|
37
0%
|
39
+6%
|
42
+6%
|
43
+4%
|
44
+3%
|
45
+2%
|
49
+9%
|
50
+2%
|
55
+9%
|
61
+11%
|
61
0%
|
65
+8%
|
69
+5%
|
69
+1%
|
92
+32%
|
120
+31%
|
127
+6%
|
126
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(26)
|
(28)
|
(27)
|
(28)
|
(33)
|
(37)
|
(33)
|
(31)
|
(33)
|
(32)
|
(36)
|
(31)
|
(26)
|
(24)
|
(27)
|
(28)
|
(27)
|
(27)
|
(27)
|
(28)
|
(30)
|
(31)
|
(32)
|
(33)
|
(33)
|
(39)
|
(34)
|
(34)
|
(35)
|
(36)
|
(38)
|
(40)
|
(40)
|
(43)
|
(45)
|
(47)
|
(51)
|
(53)
|
(50)
|
(53)
|
(55)
|
(72)
|
(98)
|
(106)
|
(106)
|
|
| Selling, General & Administrative |
(19)
|
(20)
|
(21)
|
(21)
|
(22)
|
(23)
|
(24)
|
(25)
|
(25)
|
(24)
|
(23)
|
(21)
|
(20)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(22)
|
(23)
|
(24)
|
(24)
|
(23)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(29)
|
(30)
|
(31)
|
(33)
|
(34)
|
(33)
|
(35)
|
(36)
|
(49)
|
(68)
|
(74)
|
(75)
|
|
| Research & Development |
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
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
|
| Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(9)
|
(11)
|
(12)
|
(13)
|
|
| Other Operating Expenses |
(6)
|
(6)
|
(5)
|
(5)
|
(10)
|
(13)
|
(7)
|
(5)
|
(6)
|
(6)
|
(10)
|
(6)
|
(5)
|
(5)
|
(7)
|
(8)
|
(7)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(14)
|
(9)
|
(9)
|
(8)
|
(6)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(10)
|
(11)
|
(9)
|
(10)
|
(10)
|
(12)
|
(16)
|
(17)
|
(16)
|
|
| Operating Income |
7
N/A
|
7
+6%
|
8
+17%
|
9
+11%
|
7
-17%
|
8
+4%
|
6
-22%
|
2
-72%
|
3
+55%
|
2
-23%
|
3
+47%
|
5
+59%
|
5
+11%
|
6
+9%
|
7
+20%
|
7
+7%
|
6
-16%
|
5
-22%
|
5
-4%
|
5
N/A
|
5
+3%
|
5
+7%
|
3
-32%
|
3
-19%
|
10
+242%
|
4
-59%
|
4
-9%
|
3
-4%
|
4
+21%
|
5
+27%
|
5
-1%
|
4
-13%
|
5
+18%
|
6
+10%
|
5
-16%
|
8
+54%
|
10
+26%
|
8
-18%
|
15
+96%
|
16
+5%
|
15
-9%
|
20
+36%
|
22
+13%
|
21
-5%
|
19
-9%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(4)
|
(3)
|
(5)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(4)
|
(5)
|
(7)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(5)
|
0
|
(1)
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
|
| Total Other Income |
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
|
1
|
2
|
2
|
3
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
5
N/A
|
6
+11%
|
7
+21%
|
8
+12%
|
6
-22%
|
6
0%
|
6
-11%
|
(0)
N/A
|
(2)
-431%
|
(1)
+70%
|
(2)
-296%
|
3
N/A
|
4
+26%
|
4
+24%
|
5
+20%
|
6
+11%
|
4
-24%
|
3
-29%
|
3
-9%
|
3
+8%
|
3
+2%
|
4
+15%
|
2
-48%
|
1
-39%
|
3
+158%
|
4
+27%
|
4
-1%
|
4
+10%
|
5
+27%
|
6
+19%
|
6
-10%
|
5
-20%
|
4
-9%
|
5
+15%
|
4
-18%
|
7
+76%
|
9
+32%
|
8
-17%
|
15
+98%
|
16
+5%
|
14
-11%
|
18
+27%
|
18
+4%
|
16
-13%
|
12
-24%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
3
|
4
|
(1)
|
(3)
|
(3)
|
(3)
|
(5)
|
(4)
|
(3)
|
(3)
|
|
| Income from Continuing Operations |
4
|
4
|
5
|
6
|
4
|
5
|
4
|
(1)
|
(3)
|
(1)
|
(3)
|
1
|
2
|
3
|
4
|
4
|
3
|
2
|
2
|
2
|
2
|
2
|
1
|
0
|
2
|
2
|
3
|
3
|
4
|
5
|
4
|
3
|
3
|
4
|
3
|
10
|
13
|
6
|
12
|
12
|
11
|
13
|
14
|
13
|
10
|
|
| Income to Minority Interest |
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)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
|
| Net Income (Common) |
4
N/A
|
4
+9%
|
5
+27%
|
6
+6%
|
4
-27%
|
5
+18%
|
4
-15%
|
(1)
N/A
|
(3)
-263%
|
(1)
+47%
|
(4)
-156%
|
0
N/A
|
2
+413%
|
3
+32%
|
4
+22%
|
4
+14%
|
3
-24%
|
2
-33%
|
2
-6%
|
2
+3%
|
2
-20%
|
2
+24%
|
1
-56%
|
0
-68%
|
1
+412%
|
2
+44%
|
3
+30%
|
3
+12%
|
4
+17%
|
4
+23%
|
4
-14%
|
3
-25%
|
2
-23%
|
3
+39%
|
18
+467%
|
25
+41%
|
13
-49%
|
6
-50%
|
12
+83%
|
13
+8%
|
11
-13%
|
13
+18%
|
14
+8%
|
13
-8%
|
10
-25%
|
|
| EPS (Diluted) |
0.2
N/A
|
0.22
+10%
|
0.26
+18%
|
0.27
+4%
|
0.19
-30%
|
0.21
+11%
|
0.19
-10%
|
-0.03
N/A
|
-0.11
-267%
|
-0.06
+45%
|
-0.13
-117%
|
0.02
N/A
|
0.08
+300%
|
0.1
+25%
|
0.12
+20%
|
0.13
+8%
|
0.1
-23%
|
0.07
-30%
|
0.06
-14%
|
0.06
N/A
|
0.05
-17%
|
0.06
+20%
|
0.03
-50%
|
0.01
-67%
|
0.04
+300%
|
0.06
+50%
|
0.08
+33%
|
0.09
+12%
|
0.1
+11%
|
0.12
+20%
|
0.1
-17%
|
0.08
-20%
|
0.06
-25%
|
0.08
+33%
|
0.49
+513%
|
0.69
+41%
|
0.36
-48%
|
0.18
-50%
|
0.33
+83%
|
0.35
+6%
|
0.31
-11%
|
0.36
+16%
|
0.4
+11%
|
0.36
-10%
|
0.27
-25%
|
|