Array Technologies Inc
NASDAQ:ARRY
Income Statement
Earnings Waterfall
Array Technologies Inc
Revenue
|
1.6B
USD
|
Cost of Revenue
|
-1.2B
USD
|
Gross Profit
|
415.6m
USD
|
Operating Expenses
|
-201.4m
USD
|
Operating Income
|
214.1m
USD
|
Other Expenses
|
-128.6m
USD
|
Net Income
|
85.5m
USD
|
Income Statement
Array Technologies Inc
Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||
Revenue |
873
N/A
|
568
-35%
|
765
+35%
|
814
+6%
|
853
+5%
|
906
+6%
|
1 129
+25%
|
1 455
+29%
|
1 638
+13%
|
1 714
+5%
|
1 802
+5%
|
1 637
-9%
|
1 577
-4%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(670)
|
(460)
|
(636)
|
(706)
|
(771)
|
(842)
|
(1 046)
|
(1 302)
|
(1 410)
|
(1 416)
|
(1 393)
|
(1 218)
|
(1 161)
|
|
Gross Profit |
203
N/A
|
108
-47%
|
129
+19%
|
108
-16%
|
83
-23%
|
63
-24%
|
83
+31%
|
153
+85%
|
227
+48%
|
298
+31%
|
408
+37%
|
419
+3%
|
416
-1%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(108)
|
(100)
|
(122)
|
(115)
|
(108)
|
(142)
|
(174)
|
(208)
|
(240)
|
(197)
|
(197)
|
(228)
|
(201)
|
|
Selling, General & Administrative |
(56)
|
(58)
|
(73)
|
(79)
|
(81)
|
(102)
|
(116)
|
(136)
|
(145)
|
(149)
|
(160)
|
(159)
|
(160)
|
|
Depreciation & Amortization |
(26)
|
(19)
|
(25)
|
(24)
|
(24)
|
(40)
|
(60)
|
(75)
|
(99)
|
(90)
|
(77)
|
(65)
|
(39)
|
|
Other Operating Expenses |
(27)
|
(24)
|
(24)
|
(12)
|
(3)
|
0
|
2
|
3
|
5
|
42
|
40
|
(4)
|
(3)
|
|
Operating Income |
95
N/A
|
8
-91%
|
8
-7%
|
(7)
N/A
|
(25)
-258%
|
(78)
-217%
|
(91)
-16%
|
(55)
+40%
|
(13)
+77%
|
102
N/A
|
211
+108%
|
191
-9%
|
214
+12%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
(15)
|
(17)
|
(23)
|
(36)
|
(36)
|
(30)
|
(33)
|
(28)
|
(32)
|
(40)
|
(40)
|
(41)
|
(36)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
43
|
37
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(2)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
3
|
2
|
2
|
3
|
(1)
|
|
Pre-Tax Income |
78
N/A
|
(9)
N/A
|
(16)
-84%
|
(43)
-169%
|
(61)
-42%
|
(108)
-77%
|
(124)
-15%
|
(41)
+67%
|
(5)
+88%
|
63
N/A
|
173
+177%
|
153
-12%
|
177
+16%
|
|
Net Income | ||||||||||||||
Tax Provision |
(25)
|
(10)
|
(9)
|
(2)
|
11
|
27
|
44
|
28
|
9
|
(10)
|
(51)
|
(48)
|
(40)
|
|
Income from Continuing Operations |
53
|
(19)
|
(25)
|
(45)
|
(50)
|
(81)
|
(80)
|
(12)
|
4
|
53
|
122
|
105
|
137
|
|
Net Income (Common) |
59
N/A
|
(12)
N/A
|
(18)
-44%
|
(44)
-144%
|
(66)
-51%
|
(108)
-64%
|
(120)
-11%
|
(58)
+51%
|
(44)
+25%
|
4
N/A
|
73
+1 870%
|
55
-25%
|
86
+57%
|
|
EPS (Diluted) |
0.48
N/A
|
-0.09
N/A
|
-0.14
-56%
|
-0.33
-136%
|
-0.51
-55%
|
-0.72
-41%
|
-0.79
-10%
|
-0.38
+52%
|
-0.29
+24%
|
0.03
N/A
|
0.48
+1 500%
|
0.36
-25%
|
0.56
+56%
|