Grifols SA
MAD:GRF
Income Statement
Earnings Waterfall
Grifols SA
Income Statement
Grifols SA
| Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Sep-2010 | Dec-2010 | Jun-2011 | Sep-2011 | Dec-2011 | Jun-2012 | Sep-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 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
176
|
0
|
0
|
259
|
0
|
222
|
0
|
209
|
0
|
225
|
0
|
229
|
0
|
250
|
0
|
274
|
0
|
324
|
59
|
115
|
0
|
223
|
107
|
104
|
234
|
136
|
211
|
363
|
230
|
212
|
0
|
443
|
0
|
185
|
0
|
533
|
0
|
0
|
0
|
|
| Revenue |
648
N/A
|
686
+6%
|
706
+3%
|
754
+7%
|
816
+8%
|
879
+8%
|
915
+4%
|
930
+2%
|
1 669
+79%
|
991
-41%
|
1 879
+90%
|
2 345
+25%
|
1 796
-23%
|
3 682
+105%
|
4 436
+20%
|
2 621
-41%
|
4 645
+77%
|
2 742
-41%
|
2 972
+8%
|
3 355
+13%
|
3 645
+9%
|
3 935
+8%
|
3 986
+1%
|
4 050
+2%
|
4 291
+6%
|
4 318
+1%
|
4 246
-2%
|
4 487
+6%
|
4 790
+7%
|
5 099
+6%
|
6 392
+25%
|
5 353
-16%
|
6 706
+25%
|
5 340
-20%
|
5 231
-2%
|
5 199
-1%
|
4 933
-5%
|
7 552
+53%
|
7 743
+3%
|
6 064
-22%
|
6 358
+5%
|
6 479
+2%
|
8 076
+25%
|
6 592
-18%
|
6 656
+1%
|
6 811
+2%
|
7 006
+3%
|
7 212
+3%
|
7 372
+2%
|
7 446
+1%
|
7 518
+1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(203)
|
(200)
|
(160)
|
(149)
|
(150)
|
(159)
|
(172)
|
(186)
|
(575)
|
(226)
|
(657)
|
(923)
|
(968)
|
(1 741)
|
(2 045)
|
(1 291)
|
(1 543)
|
(1 324)
|
(660)
|
(1 656)
|
(1 717)
|
(2 004)
|
(2 595)
|
(2 138)
|
(2 217)
|
(2 166)
|
(2 191)
|
(2 437)
|
(2 621)
|
(2 757)
|
(3 460)
|
(3 099)
|
(3 826)
|
(3 085)
|
(3 034)
|
(2 869)
|
(2 971)
|
(4 514)
|
(4 708)
|
(3 832)
|
(4 067)
|
(4 158)
|
(5 126)
|
(4 097)
|
(4 098)
|
(4 190)
|
(4 288)
|
(4 418)
|
(4 514)
|
(4 514)
|
(4 579)
|
|
| Gross Profit |
445
N/A
|
485
+9%
|
546
+13%
|
606
+11%
|
666
+10%
|
720
+8%
|
743
+3%
|
744
+0%
|
1 095
+47%
|
766
-30%
|
1 222
+60%
|
1 421
+16%
|
827
-42%
|
1 942
+135%
|
2 390
+23%
|
1 330
-44%
|
3 102
+133%
|
1 418
-54%
|
2 312
+63%
|
1 699
-26%
|
1 928
+13%
|
1 931
+0%
|
1 390
-28%
|
1 912
+38%
|
2 074
+8%
|
2 152
+4%
|
2 055
-5%
|
2 050
0%
|
2 169
+6%
|
2 341
+8%
|
2 932
+25%
|
2 254
-23%
|
2 880
+28%
|
2 255
-22%
|
2 197
-3%
|
2 331
+6%
|
1 963
-16%
|
3 038
+55%
|
3 035
0%
|
2 232
-26%
|
2 291
+3%
|
2 321
+1%
|
2 951
+27%
|
2 495
-15%
|
2 558
+3%
|
2 621
+2%
|
2 718
+4%
|
2 795
+3%
|
2 858
+2%
|
2 932
+3%
|
2 939
+0%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(345)
|
(366)
|
(399)
|
(429)
|
(464)
|
(501)
|
(516)
|
(514)
|
(694)
|
(540)
|
(878)
|
(1 087)
|
(549)
|
(1 209)
|
(1 331)
|
(670)
|
(1 874)
|
(682)
|
(1 539)
|
(842)
|
(1 017)
|
(961)
|
(438)
|
(973)
|
(1 049)
|
(1 149)
|
(1 083)
|
(1 055)
|
(1 139)
|
(1 219)
|
(1 575)
|
(1 262)
|
(1 610)
|
(1 280)
|
(1 290)
|
(1 319)
|
(1 400)
|
(2 069)
|
(2 125)
|
(1 529)
|
(1 716)
|
(1 714)
|
(2 104)
|
(1 759)
|
(1 675)
|
(1 702)
|
(1 719)
|
(1 639)
|
(1 631)
|
(1 607)
|
(1 581)
|
|
| Selling, General & Administrative |
(195)
|
(194)
|
(209)
|
(222)
|
(238)
|
(261)
|
(273)
|
(276)
|
(432)
|
(289)
|
(487)
|
(639)
|
(459)
|
(812)
|
(902)
|
(545)
|
(1 049)
|
(511)
|
(688)
|
(566)
|
(456)
|
(671)
|
(252)
|
(713)
|
(765)
|
(795)
|
(740)
|
(753)
|
(803)
|
(856)
|
(1 107)
|
(932)
|
(1 172)
|
(895)
|
(970)
|
(962)
|
(969)
|
(1 523)
|
(1 578)
|
(1 102)
|
(1 254)
|
(1 247)
|
(1 549)
|
(1 260)
|
(1 241)
|
(1 266)
|
(1 284)
|
(1 144)
|
(1 176)
|
(1 159)
|
(1 125)
|
|
| Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(25)
|
0
|
0
|
(58)
|
(89)
|
0
|
(90)
|
(115)
|
(120)
|
(111)
|
0
|
(168)
|
0
|
(211)
|
(91)
|
(185)
|
(208)
|
(274)
|
(262)
|
(221)
|
(240)
|
(254)
|
(321)
|
(274)
|
(345)
|
(261)
|
(288)
|
(291)
|
(300)
|
(499)
|
(498)
|
(317)
|
(326)
|
(329)
|
(417)
|
(331)
|
(353)
|
(343)
|
(342)
|
(331)
|
(354)
|
(368)
|
(377)
|
|
| Depreciation & Amortization |
(29)
|
(31)
|
(32)
|
(31)
|
(33)
|
(36)
|
(40)
|
(42)
|
0
|
(46)
|
(52)
|
0
|
0
|
(64)
|
0
|
(10)
|
(130)
|
(59)
|
(155)
|
(108)
|
(97)
|
(79)
|
(137)
|
(75)
|
(76)
|
(80)
|
(81)
|
(82)
|
(96)
|
(109)
|
0
|
0
|
0
|
(123)
|
(32)
|
(65)
|
(148)
|
(66)
|
(69)
|
(132)
|
(154)
|
(156)
|
0
|
(172)
|
(83)
|
(95)
|
0
|
(165)
|
(101)
|
(80)
|
0
|
|
| Other Operating Expenses |
(121)
|
(141)
|
(158)
|
(176)
|
(192)
|
(203)
|
(203)
|
(196)
|
(237)
|
(205)
|
(339)
|
(389)
|
0
|
(334)
|
(339)
|
0
|
(574)
|
0
|
(696)
|
0
|
(464)
|
0
|
41
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(147)
|
(56)
|
(93)
|
0
|
0
|
0
|
16
|
20
|
21
|
22
|
19
|
18
|
(138)
|
3
|
3
|
3
|
(92)
|
0
|
0
|
0
|
(80)
|
|
| Operating Income |
100
N/A
|
119
+19%
|
147
+24%
|
176
+20%
|
202
+15%
|
219
+9%
|
226
+3%
|
230
+2%
|
400
+74%
|
226
-44%
|
344
+52%
|
336
-2%
|
279
-17%
|
732
+163%
|
1 059
+45%
|
660
-38%
|
1 228
+86%
|
736
-40%
|
773
+5%
|
858
+11%
|
911
+6%
|
970
+6%
|
952
-2%
|
939
-1%
|
1 025
+9%
|
1 003
-2%
|
972
-3%
|
994
+2%
|
1 030
+4%
|
1 122
+9%
|
1 358
+21%
|
992
-27%
|
1 270
+28%
|
975
-23%
|
907
-7%
|
1 012
+12%
|
563
-44%
|
969
+72%
|
910
-6%
|
702
-23%
|
576
-18%
|
607
+5%
|
846
+39%
|
736
-13%
|
883
+20%
|
919
+4%
|
999
+9%
|
1 155
+16%
|
1 228
+6%
|
1 325
+8%
|
1 358
+2%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
7
|
5
|
(0)
|
(1)
|
(0)
|
2
|
5
|
(11)
|
(52)
|
8
|
(18)
|
(99)
|
(175)
|
(115)
|
(202)
|
(247)
|
(446)
|
(221)
|
(229)
|
(252)
|
(262)
|
(264)
|
(235)
|
(211)
|
(257)
|
(275)
|
(260)
|
(279)
|
(313)
|
(249)
|
(311)
|
(203)
|
(169)
|
(70)
|
(75)
|
(64)
|
(168)
|
(305)
|
(288)
|
(207)
|
(201)
|
(264)
|
(408)
|
(332)
|
(512)
|
(553)
|
(610)
|
(490)
|
(638)
|
(631)
|
(585)
|
|
| Non-Reccuring Items |
0
|
0
|
(1)
|
(2)
|
1
|
3
|
0
|
1
|
0
|
(16)
|
(22)
|
0
|
0
|
(0)
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(6)
|
(19)
|
18
|
30
|
(2)
|
(38)
|
0
|
(37)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
|
| 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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(43)
|
(22)
|
(23)
|
(27)
|
(31)
|
(26)
|
(28)
|
(42)
|
(42)
|
(60)
|
(80)
|
(80)
|
(24)
|
(298)
|
(298)
|
(25)
|
(21)
|
(18)
|
(17)
|
(16)
|
(15)
|
(16)
|
(16)
|
(16)
|
(14)
|
(14)
|
(17)
|
(19)
|
(19)
|
(19)
|
21
|
24
|
24
|
(27)
|
(16)
|
(18)
|
(44)
|
(43)
|
(44)
|
(134)
|
(180)
|
(204)
|
(204)
|
(154)
|
(34)
|
(51)
|
(51)
|
(212)
|
(78)
|
(58)
|
(58)
|
|
| Pre-Tax Income |
64
N/A
|
102
+61%
|
124
+21%
|
146
+18%
|
172
+18%
|
198
+15%
|
204
+3%
|
178
-13%
|
306
+72%
|
158
-49%
|
223
+42%
|
156
-30%
|
80
-49%
|
320
+300%
|
560
+75%
|
388
-31%
|
745
+92%
|
498
-33%
|
527
+6%
|
590
+12%
|
634
+8%
|
690
+9%
|
701
+2%
|
713
+2%
|
747
+5%
|
696
-7%
|
713
+2%
|
726
+2%
|
697
-4%
|
817
+17%
|
1 068
+31%
|
776
-27%
|
1 125
+45%
|
879
-22%
|
816
-7%
|
930
+14%
|
350
-62%
|
622
+78%
|
578
-7%
|
361
-38%
|
195
-46%
|
139
-29%
|
234
+69%
|
224
-4%
|
338
+51%
|
315
-7%
|
339
+7%
|
444
+31%
|
512
+15%
|
636
+24%
|
714
+12%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(18)
|
(27)
|
(35)
|
(41)
|
(50)
|
(56)
|
(56)
|
(47)
|
(79)
|
(43)
|
(60)
|
(45)
|
(30)
|
(111)
|
(198)
|
(133)
|
(247)
|
(155)
|
(142)
|
(123)
|
(129)
|
(159)
|
(166)
|
(168)
|
(190)
|
(34)
|
(11)
|
(131)
|
(126)
|
(168)
|
(216)
|
(130)
|
(184)
|
(131)
|
(121)
|
(171)
|
(85)
|
(143)
|
(136)
|
(90)
|
(66)
|
(49)
|
(55)
|
(43)
|
(71)
|
(100)
|
(132)
|
(231)
|
(229)
|
(239)
|
(256)
|
|
| Income from Continuing Operations |
46
|
75
|
88
|
105
|
122
|
142
|
148
|
131
|
227
|
115
|
164
|
112
|
50
|
209
|
361
|
255
|
498
|
342
|
385
|
467
|
505
|
531
|
535
|
545
|
558
|
661
|
702
|
594
|
571
|
649
|
852
|
646
|
940
|
748
|
695
|
758
|
265
|
479
|
442
|
271
|
129
|
90
|
180
|
181
|
266
|
215
|
207
|
213
|
283
|
397
|
458
|
|
| Income to Minority Interest |
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
0
|
1
|
3
|
0
|
2
|
0
|
0
|
(0)
|
1
|
1
|
5
|
3
|
3
|
3
|
2
|
1
|
0
|
1
|
1
|
1
|
2
|
2
|
(7)
|
(23)
|
(41)
|
(59)
|
(78)
|
(90)
|
(94)
|
(83)
|
(77)
|
(100)
|
(110)
|
(63)
|
(82)
|
(95)
|
(130)
|
(121)
|
(95)
|
(67)
|
(63)
|
(56)
|
(88)
|
(99)
|
(85)
|
|
| Net Income (Common) |
45
N/A
|
75
+65%
|
88
+17%
|
104
+19%
|
122
+16%
|
141
+16%
|
148
+5%
|
133
-10%
|
230
+73%
|
116
-50%
|
165
+43%
|
112
-32%
|
50
-55%
|
208
+314%
|
362
+74%
|
257
-29%
|
503
+96%
|
346
-31%
|
388
+12%
|
470
+21%
|
507
+8%
|
532
+5%
|
535
+1%
|
545
+2%
|
559
+2%
|
663
+19%
|
704
+6%
|
597
-15%
|
565
-5%
|
625
+11%
|
812
+30%
|
557
-31%
|
824
+48%
|
619
-25%
|
562
-9%
|
667
+19%
|
189
-72%
|
379
+101%
|
332
-12%
|
208
-37%
|
47
-78%
|
(5)
N/A
|
50
N/A
|
59
+18%
|
171
+189%
|
148
-14%
|
144
-3%
|
157
+9%
|
195
+24%
|
297
+52%
|
373
+25%
|
|
| EPS (Diluted) |
0.1
N/A
|
0.15
+50%
|
0.17
+13%
|
0.2
+18%
|
0.24
+20%
|
0.28
+17%
|
0.29
+4%
|
0.26
-10%
|
0.45
+73%
|
0.22
-51%
|
0.33
+50%
|
0.23
-30%
|
0.08
-65%
|
0.31
+287%
|
0.57
+84%
|
0.37
-35%
|
0.75
+103%
|
0.51
-32%
|
0.57
+12%
|
0.69
+21%
|
0.74
+7%
|
0.39
-47%
|
0.77
+97%
|
0.8
+4%
|
0.82
+2%
|
0.97
+18%
|
1.03
+6%
|
0.87
-16%
|
0.82
-6%
|
0.91
+11%
|
1.18
+30%
|
0.8
-32%
|
1.19
+49%
|
0.9
-24%
|
0.82
-9%
|
0.99
+21%
|
0.28
-72%
|
0.56
+100%
|
0.49
-13%
|
0.31
-37%
|
0.07
-77%
|
0
N/A
|
0.08
N/A
|
0.09
+12%
|
0.25
+178%
|
0.21
-16%
|
0.21
N/A
|
0.23
+10%
|
0.29
+26%
|
0.44
+52%
|
0.55
+25%
|
|