Bureau Veritas SA
DUS:4BV
Income Statement
Earnings Waterfall
Bureau Veritas SA
Income Statement
Bureau Veritas SA
| 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 |
36
|
40
|
54
|
55
|
45
|
40
|
38
|
39
|
44
|
49
|
56
|
62
|
63
|
71
|
80
|
83
|
86
|
88
|
93
|
97
|
88
|
82
|
84
|
94
|
102
|
116
|
115
|
90
|
79
|
79
|
85
|
92
|
91
|
86
|
97
|
95
|
|
| Revenue |
2 067
N/A
|
2 296
+11%
|
2 549
+11%
|
2 680
+5%
|
2 648
-1%
|
2 667
+1%
|
2 930
+10%
|
3 203
+9%
|
3 359
+5%
|
3 597
+7%
|
3 902
+8%
|
3 998
+2%
|
3 933
-2%
|
3 943
+0%
|
4 172
+6%
|
4 523
+8%
|
4 635
+2%
|
4 538
-2%
|
4 549
+0%
|
4 688
+3%
|
4 689
+0%
|
4 668
0%
|
4 796
+3%
|
4 934
+3%
|
5 100
+3%
|
4 824
-5%
|
4 601
-5%
|
4 819
+5%
|
4 981
+3%
|
5 256
+6%
|
5 651
+8%
|
5 861
+4%
|
5 868
+0%
|
5 985
+2%
|
6 241
+4%
|
6 412
+3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(620)
|
(685)
|
(748)
|
(772)
|
(750)
|
(764)
|
(843)
|
(926)
|
(996)
|
(1 068)
|
(1 136)
|
0
|
(996)
|
(34)
|
(1 048)
|
(84)
|
(1 181)
|
(85)
|
(88)
|
(95)
|
(98)
|
(100)
|
(105)
|
(119)
|
(150)
|
(193)
|
(209)
|
(200)
|
(196)
|
(197)
|
(211)
|
0
|
(196)
|
95
|
15
|
211
|
|
| Gross Profit |
1 447
N/A
|
1 611
+11%
|
1 802
+12%
|
1 908
+6%
|
1 898
-1%
|
1 903
+0%
|
2 086
+10%
|
2 278
+9%
|
2 363
+4%
|
2 529
+7%
|
2 766
+9%
|
0
N/A
|
2 937
N/A
|
1 933
-34%
|
3 124
+62%
|
4 439
+42%
|
3 454
-22%
|
4 453
+29%
|
4 461
+0%
|
4 593
+3%
|
4 591
0%
|
4 568
-1%
|
4 690
+3%
|
4 815
+3%
|
4 950
+3%
|
4 631
-6%
|
4 393
-5%
|
4 619
+5%
|
4 786
+4%
|
5 059
+6%
|
5 440
+8%
|
0
N/A
|
5 672
N/A
|
3 117
-45%
|
6 256
+101%
|
6 622
+6%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1 181)
|
(1 304)
|
(1 432)
|
(1 506)
|
(1 492)
|
(1 488)
|
(1 626)
|
(1 790)
|
(1 864)
|
(2 031)
|
(2 223)
|
(3 457)
|
(2 347)
|
(3 322)
|
(2 546)
|
(3 805)
|
(2 784)
|
(3 818)
|
(3 850)
|
(3 997)
|
(3 983)
|
(3 952)
|
(4 049)
|
(4 145)
|
(4 227)
|
(4 149)
|
(3 953)
|
(3 916)
|
(4 087)
|
(4 330)
|
(4 690)
|
(5 106)
|
(4 863)
|
(5 234)
|
(5 349)
|
(5 692)
|
|
| Selling, General & Administrative |
(1 097)
|
(1 221)
|
(1 347)
|
(1 405)
|
(1 395)
|
(1 413)
|
(1 540)
|
(1 684)
|
(1 781)
|
(1 897)
|
(2 036)
|
(2 091)
|
(2 195)
|
(2 149)
|
(2 337)
|
(2 521)
|
(2 577)
|
(2 531)
|
(2 539)
|
(2 626)
|
(2 646)
|
(2 639)
|
(2 698)
|
(2 714)
|
(2 707)
|
(2 587)
|
(2 449)
|
(2 516)
|
(2 671)
|
(2 845)
|
(3 053)
|
(3 139)
|
(3 179)
|
(3 171)
|
(3 374)
|
(3 421)
|
|
| Depreciation & Amortization |
(42)
|
(52)
|
(62)
|
(68)
|
(71)
|
(73)
|
(89)
|
(106)
|
(113)
|
(129)
|
(143)
|
(146)
|
(149)
|
(160)
|
(215)
|
(227)
|
(205)
|
(200)
|
(202)
|
(218)
|
(204)
|
(194)
|
(200)
|
(244)
|
(305)
|
(376)
|
(363)
|
(280)
|
(275)
|
(275)
|
(297)
|
(304)
|
(292)
|
(283)
|
(284)
|
(292)
|
|
| Other Operating Expenses |
(42)
|
(33)
|
(23)
|
(31)
|
(26)
|
(2)
|
4
|
1
|
30
|
(3)
|
(44)
|
(1 220)
|
(2)
|
(1 013)
|
6
|
(1 056)
|
(2)
|
(1 087)
|
(1 108)
|
(1 152)
|
(1 133)
|
(1 119)
|
(1 151)
|
(1 187)
|
(1 215)
|
(1 187)
|
(1 141)
|
(1 121)
|
(1 141)
|
(1 211)
|
(1 340)
|
(1 664)
|
(1 391)
|
(1 780)
|
(1 692)
|
(1 979)
|
|
| Operating Income |
266
N/A
|
307
+15%
|
370
+20%
|
402
+9%
|
406
+1%
|
415
+2%
|
461
+11%
|
488
+6%
|
500
+2%
|
498
0%
|
543
+9%
|
542
0%
|
590
+9%
|
587
-1%
|
578
-2%
|
634
+10%
|
670
+6%
|
635
-5%
|
611
-4%
|
597
-2%
|
609
+2%
|
616
+1%
|
641
+4%
|
670
+5%
|
723
+8%
|
482
-33%
|
439
-9%
|
703
+60%
|
699
-1%
|
729
+4%
|
750
+3%
|
755
+1%
|
809
+7%
|
846
+5%
|
907
+7%
|
931
+3%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(35)
|
(40)
|
(52)
|
(55)
|
(44)
|
(40)
|
(34)
|
(39)
|
(49)
|
(49)
|
(61)
|
(61)
|
(61)
|
(68)
|
(74)
|
(78)
|
(83)
|
(82)
|
(80)
|
(93)
|
(98)
|
(80)
|
(88)
|
(92)
|
(110)
|
(110)
|
(130)
|
(85)
|
(68)
|
(76)
|
(68)
|
(58)
|
(38)
|
(41)
|
(46)
|
(62)
|
|
| Non-Reccuring Items |
(0)
|
0
|
(1)
|
0
|
(1)
|
(1)
|
(5)
|
(3)
|
(19)
|
0
|
(25)
|
0
|
(1)
|
(2)
|
(15)
|
(14)
|
(93)
|
(90)
|
(2)
|
(4)
|
(2)
|
(5)
|
(4)
|
8
|
(1)
|
(32)
|
(32)
|
(9)
|
20
|
19
|
49
|
42
|
15
|
(6)
|
27
|
128
|
|
| 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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(13)
|
(18)
|
(17)
|
(19)
|
(17)
|
(8)
|
(12)
|
(20)
|
(9)
|
(9)
|
(9)
|
(14)
|
(3)
|
(3)
|
(6)
|
(9)
|
(6)
|
(2)
|
(5)
|
(10)
|
(5)
|
(7)
|
(5)
|
(14)
|
(8)
|
(17)
|
(7)
|
(23)
|
(5)
|
10
|
(14)
|
(9)
|
(29)
|
(38)
|
(25)
|
(39)
|
|
| Pre-Tax Income |
218
N/A
|
249
+14%
|
299
+20%
|
329
+10%
|
344
+5%
|
366
+6%
|
411
+12%
|
426
+4%
|
422
-1%
|
440
+4%
|
449
+2%
|
467
+4%
|
526
+13%
|
514
-2%
|
483
-6%
|
533
+10%
|
488
-8%
|
461
-6%
|
524
+14%
|
490
-7%
|
503
+3%
|
524
+4%
|
544
+4%
|
572
+5%
|
603
+5%
|
323
-47%
|
270
-16%
|
585
+117%
|
646
+10%
|
682
+6%
|
718
+5%
|
730
+2%
|
757
+4%
|
761
+1%
|
863
+13%
|
957
+11%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||
| Tax Provision |
(55)
|
(61)
|
(75)
|
(82)
|
(87)
|
(97)
|
(113)
|
(117)
|
(117)
|
(124)
|
(142)
|
(149)
|
(169)
|
(173)
|
(175)
|
(204)
|
(221)
|
(208)
|
(189)
|
(175)
|
(165)
|
(169)
|
(189)
|
(194)
|
(211)
|
(146)
|
(131)
|
(204)
|
(199)
|
(213)
|
(233)
|
(236)
|
(241)
|
(243)
|
(274)
|
(277)
|
|
| Income from Continuing Operations |
163
|
187
|
224
|
246
|
257
|
269
|
298
|
309
|
305
|
316
|
307
|
317
|
357
|
341
|
308
|
329
|
268
|
252
|
335
|
314
|
338
|
355
|
355
|
378
|
393
|
177
|
139
|
382
|
446
|
469
|
485
|
495
|
516
|
518
|
589
|
680
|
|
| Income to Minority Interest |
(5)
|
(7)
|
(6)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(13)
|
(12)
|
(13)
|
(16)
|
(19)
|
(22)
|
(24)
|
(23)
|
(24)
|
(25)
|
(14)
|
(14)
|
(26)
|
(25)
|
(20)
|
(18)
|
(21)
|
(12)
|
(12)
|
(20)
|
(23)
|
|
| Net Income (Common) |
158
N/A
|
182
+15%
|
217
+19%
|
241
+11%
|
253
+5%
|
263
+4%
|
290
+10%
|
301
+4%
|
298
-1%
|
307
+3%
|
298
-3%
|
307
+3%
|
345
+12%
|
329
-5%
|
295
-10%
|
316
+7%
|
255
-19%
|
240
-6%
|
319
+33%
|
290
-9%
|
308
+6%
|
328
+6%
|
333
+2%
|
354
+6%
|
368
+4%
|
163
-56%
|
125
-23%
|
356
+184%
|
421
+18%
|
449
+7%
|
467
+4%
|
474
+2%
|
504
+6%
|
506
+0%
|
569
+13%
|
657
+15%
|
|
| EPS (Diluted) |
0.37
N/A
|
0.42
+14%
|
0.5
+19%
|
0.56
+12%
|
0.57
+2%
|
0.6
+5%
|
0.66
+10%
|
0.68
+3%
|
0.67
-1%
|
0.69
+3%
|
0.67
-3%
|
0.69
+3%
|
0.77
+12%
|
0.74
-4%
|
0.66
-11%
|
0.71
+8%
|
0.58
-18%
|
0.54
-7%
|
0.73
+35%
|
0.67
-8%
|
0.72
+7%
|
0.75
+4%
|
0.76
+1%
|
0.81
+7%
|
0.83
+2%
|
0.36
-57%
|
0.28
-22%
|
0.78
+179%
|
0.93
+19%
|
0.98
+5%
|
1.02
+4%
|
1.04
+2%
|
1.1
+6%
|
1.11
+1%
|
1.25
+13%
|
1.45
+16%
|
|