Covetrus Inc
F:2NJ
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Income Statement
Earnings Waterfall
Covetrus Inc
Income Statement
Covetrus Inc
| Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue |
3 776
N/A
|
3 793
+0%
|
3 772
-1%
|
3 766
0%
|
3 770
+0%
|
3 863
+2%
|
3 976
+3%
|
4 100
+3%
|
4 117
+0%
|
4 225
+3%
|
4 339
+3%
|
4 376
+1%
|
4 539
+4%
|
4 575
+1%
|
4 575
N/A
|
4 621
+1%
|
4 649
+1%
|
|
| Gross Profit | ||||||||||||||||||
| Cost of Revenue |
(3 084)
|
(3 098)
|
(3 087)
|
(3 077)
|
(3 071)
|
(3 134)
|
(3 234)
|
(3 336)
|
(3 354)
|
(3 462)
|
(3 542)
|
(3 571)
|
(3 706)
|
(3 723)
|
(3 717)
|
(3 748)
|
(3 767)
|
|
| Gross Profit |
692
N/A
|
695
+0%
|
684
-2%
|
688
+1%
|
698
+1%
|
729
+4%
|
742
+2%
|
764
+3%
|
763
0%
|
763
N/A
|
797
+4%
|
805
+1%
|
833
+3%
|
852
+2%
|
858
+1%
|
873
+2%
|
882
+1%
|
|
| Operating Income | ||||||||||||||||||
| Operating Expenses |
(543)
|
(548)
|
(539)
|
(585)
|
(645)
|
(728)
|
(801)
|
(1 772)
|
(832)
|
(840)
|
(867)
|
(783)
|
(890)
|
(886)
|
(881)
|
(887)
|
(883)
|
|
| Selling, General & Administrative |
(543)
|
(548)
|
(539)
|
(585)
|
(611)
|
(695)
|
(768)
|
(768)
|
(767)
|
(742)
|
(737)
|
(727)
|
(759)
|
(756)
|
(752)
|
(764)
|
(764)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
(33)
|
0
|
0
|
(66)
|
(65)
|
(98)
|
(130)
|
(131)
|
(132)
|
(131)
|
(129)
|
(123)
|
(119)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(33)
|
(33)
|
(938)
|
0
|
0
|
0
|
75
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
149
N/A
|
147
-1%
|
145
-1%
|
103
-29%
|
53
-49%
|
1
-98%
|
(59)
N/A
|
(1 008)
-1 608%
|
(69)
+93%
|
(77)
-12%
|
(70)
+9%
|
22
N/A
|
(57)
N/A
|
(34)
+40%
|
(23)
+32%
|
(14)
+39%
|
(1)
+93%
|
|
| Pre-Tax Income | ||||||||||||||||||
| Interest Income Expense |
2
|
2
|
2
|
(9)
|
(22)
|
(38)
|
(54)
|
(58)
|
(58)
|
(54)
|
(47)
|
(42)
|
(38)
|
(35)
|
(32)
|
(30)
|
(28)
|
|
| Non-Reccuring Items |
(7)
|
(7)
|
(8)
|
(7)
|
0
|
(940)
|
(938)
|
0
|
(864)
|
75
|
75
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
1
|
3
|
3
|
16
|
20
|
22
|
20
|
9
|
11
|
18
|
19
|
17
|
9
|
1
|
3
|
3
|
|
| Pre-Tax Income |
146
N/A
|
144
-2%
|
143
-1%
|
91
-36%
|
48
-47%
|
(956)
N/A
|
(1 029)
-8%
|
(1 046)
-2%
|
(982)
+6%
|
(45)
+95%
|
(24)
+47%
|
(1)
+96%
|
(78)
-7 700%
|
(60)
+23%
|
(54)
+10%
|
(41)
+24%
|
(26)
+37%
|
|
| Net Income | ||||||||||||||||||
| Tax Provision |
(32)
|
(42)
|
(32)
|
(22)
|
(19)
|
60
|
45
|
43
|
42
|
(21)
|
6
|
0
|
(7)
|
6
|
0
|
1
|
13
|
|
| Income from Continuing Operations |
114
|
102
|
110
|
68
|
28
|
(897)
|
(984)
|
(1 003)
|
(940)
|
(66)
|
(18)
|
(1)
|
(85)
|
(54)
|
(54)
|
(40)
|
(13)
|
|
| Income to Minority Interest |
(21)
|
(13)
|
(6)
|
0
|
2
|
5
|
4
|
3
|
3
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
|
| Equity Earnings Affiliates |
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
75
N/A
|
70
-7%
|
101
+46%
|
65
-36%
|
26
-60%
|
(896)
N/A
|
(980)
-9%
|
(1 000)
-2%
|
(936)
+6%
|
(65)
+93%
|
(18)
+72%
|
(1)
+94%
|
(86)
-8 500%
|
(55)
+36%
|
(54)
+2%
|
(40)
+26%
|
(13)
+68%
|
|
| EPS (Diluted) |
1.04
N/A
|
0.63
-39%
|
0.91
+44%
|
0.69
-24%
|
0.24
-65%
|
-8
N/A
|
-8.91
-11%
|
-8.93
0%
|
-8.28
+7%
|
-0.56
+93%
|
-0.14
+75%
|
-0.01
+93%
|
-0.63
-6 200%
|
-0.4
+37%
|
-0.4
N/A
|
-0.29
+28%
|
-0.09
+69%
|
|
