Cowen Inc
NASDAQ:COWN
Income Statement
Earnings Waterfall
Cowen Inc
Revenue
|
1.6B
USD
|
Cost of Revenue
|
-391.8m
USD
|
Gross Profit
|
1.2B
USD
|
Operating Expenses
|
-1.1B
USD
|
Operating Income
|
121.3m
USD
|
Other Expenses
|
389k
USD
|
Net Income
|
121.7m
USD
|
Income Statement
Cowen Inc
Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | 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 | Sep-2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
241
N/A
|
250
+4%
|
272
+9%
|
296
+9%
|
327
+10%
|
366
+12%
|
378
+3%
|
404
+7%
|
430
+7%
|
445
+3%
|
471
+6%
|
477
+1%
|
465
-3%
|
445
-4%
|
442
-1%
|
460
+4%
|
472
+3%
|
486
+3%
|
529
+9%
|
577
+9%
|
660
+14%
|
796
+21%
|
870
+9%
|
912
+5%
|
967
+6%
|
940
-3%
|
997
+6%
|
1 028
+3%
|
1 049
+2%
|
1 022
-3%
|
1 149
+12%
|
1 284
+12%
|
1 506
+17%
|
2 064
+37%
|
2 104
+2%
|
2 128
+1%
|
2 120
0%
|
1 776
-16%
|
1 620
-9%
|
1 618
0%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(27)
|
(33)
|
(38)
|
(45)
|
(48)
|
(48)
|
(52)
|
(59)
|
(69)
|
(68)
|
(65)
|
(60)
|
(55)
|
(59)
|
(63)
|
(66)
|
(68)
|
(74)
|
(86)
|
(111)
|
(147)
|
(186)
|
(218)
|
(231)
|
(235)
|
(233)
|
(247)
|
(279)
|
(292)
|
(309)
|
(329)
|
(318)
|
(351)
|
(385)
|
(399)
|
(408)
|
(390)
|
(367)
|
(359)
|
(392)
|
|
Gross Profit |
214
N/A
|
217
+1%
|
234
+8%
|
252
+8%
|
279
+11%
|
318
+14%
|
326
+2%
|
345
+6%
|
361
+5%
|
376
+4%
|
407
+8%
|
416
+2%
|
410
-2%
|
385
-6%
|
379
-2%
|
394
+4%
|
404
+3%
|
411
+2%
|
443
+8%
|
466
+5%
|
512
+10%
|
610
+19%
|
652
+7%
|
682
+5%
|
732
+7%
|
706
-3%
|
750
+6%
|
750
0%
|
758
+1%
|
713
-6%
|
820
+15%
|
967
+18%
|
1 155
+19%
|
1 679
+45%
|
1 705
+2%
|
1 721
+1%
|
1 729
+1%
|
1 409
-19%
|
1 261
-10%
|
1 226
-3%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(300)
|
(300)
|
(304)
|
(310)
|
(313)
|
(335)
|
(353)
|
(368)
|
(421)
|
(457)
|
(470)
|
(462)
|
(450)
|
(422)
|
(419)
|
(473)
|
(479)
|
(498)
|
(549)
|
(560)
|
(603)
|
(699)
|
(708)
|
(740)
|
(758)
|
(762)
|
(782)
|
(789)
|
(822)
|
(821)
|
(979)
|
(1 001)
|
(1 127)
|
(1 384)
|
(1 305)
|
(1 381)
|
(1 353)
|
(1 166)
|
(1 099)
|
(1 105)
|
|
Selling, General & Administrative |
(246)
|
(240)
|
(247)
|
(250)
|
(251)
|
(275)
|
(286)
|
(298)
|
(345)
|
(374)
|
(386)
|
(377)
|
(365)
|
(334)
|
(316)
|
(360)
|
(360)
|
(373)
|
(422)
|
(430)
|
(463)
|
(527)
|
(560)
|
(587)
|
(583)
|
(580)
|
(586)
|
(578)
|
(607)
|
(600)
|
(767)
|
(799)
|
(930)
|
(1 195)
|
(1 111)
|
(1 161)
|
(1 125)
|
(925)
|
(857)
|
(860)
|
|
Depreciation & Amortization |
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(10)
|
(12)
|
(13)
|
(13)
|
(13)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(12)
|
(14)
|
(16)
|
(18)
|
(21)
|
(21)
|
(22)
|
(23)
|
(24)
|
(23)
|
(21)
|
(20)
|
(19)
|
(22)
|
(24)
|
(26)
|
|
Other Operating Expenses |
(45)
|
(50)
|
(47)
|
(51)
|
(52)
|
(51)
|
(57)
|
(60)
|
(66)
|
(73)
|
(74)
|
(75)
|
(75)
|
(78)
|
(91)
|
(100)
|
(106)
|
(112)
|
(115)
|
(118)
|
(127)
|
(159)
|
(135)
|
(140)
|
(162)
|
(167)
|
(180)
|
(193)
|
(194)
|
(201)
|
(191)
|
(179)
|
(174)
|
(167)
|
(173)
|
(200)
|
(210)
|
(220)
|
(218)
|
(219)
|
|
Operating Income |
(87)
N/A
|
(83)
+4%
|
(71)
+15%
|
(59)
+17%
|
(34)
+42%
|
(18)
+49%
|
(27)
-55%
|
(23)
+15%
|
(60)
-161%
|
(81)
-34%
|
(63)
+22%
|
(45)
+28%
|
(40)
+12%
|
(37)
+7%
|
(40)
-8%
|
(80)
-99%
|
(76)
+5%
|
(86)
-14%
|
(107)
-24%
|
(95)
+11%
|
(90)
+5%
|
(88)
+2%
|
(56)
+37%
|
(58)
-4%
|
(26)
+55%
|
(55)
-112%
|
(32)
+41%
|
(39)
-22%
|
(64)
-62%
|
(109)
-70%
|
(160)
-47%
|
(35)
+78%
|
27
N/A
|
295
+976%
|
399
+35%
|
339
-15%
|
376
+11%
|
242
-36%
|
162
-33%
|
121
-25%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
63
|
54
|
55
|
63
|
52
|
49
|
69
|
67
|
120
|
151
|
134
|
94
|
51
|
11
|
(39)
|
35
|
44
|
80
|
168
|
144
|
115
|
109
|
108
|
122
|
124
|
131
|
93
|
84
|
139
|
98
|
322
|
227
|
269
|
281
|
54
|
121
|
35
|
28
|
44
|
37
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(9)
|
(25)
|
0
|
(17)
|
(17)
|
(1)
|
0
|
(4)
|
(4)
|
(4)
|
(5)
|
(1)
|
(1)
|
1
|
(3)
|
(3)
|
(3)
|
(9)
|
(4)
|
(4)
|
(4)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
8
|
7
|
7
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
4
|
4
|
4
|
0
|
0
|
0
|
|
Pre-Tax Income |
(24)
N/A
|
(29)
-23%
|
(15)
+48%
|
5
N/A
|
18
+289%
|
31
+71%
|
41
+32%
|
44
+6%
|
58
+32%
|
70
+21%
|
71
+1%
|
49
-31%
|
12
-76%
|
(26)
N/A
|
(79)
-203%
|
(44)
+44%
|
(32)
+29%
|
(6)
+80%
|
61
N/A
|
49
-20%
|
7
-86%
|
28
+299%
|
34
+22%
|
47
+37%
|
98
+109%
|
76
-22%
|
57
-25%
|
40
-29%
|
71
+75%
|
(16)
N/A
|
161
N/A
|
191
+19%
|
297
+55%
|
577
+94%
|
455
-21%
|
461
+1%
|
406
-12%
|
267
-34%
|
202
-24%
|
154
-24%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
125
|
118
|
115
|
120
|
48
|
58
|
73
|
59
|
19
|
14
|
3
|
9
|
3
|
(2)
|
(7)
|
(10)
|
(16)
|
(12)
|
(13)
|
(9)
|
(15)
|
(11)
|
(50)
|
(58)
|
(90)
|
(146)
|
(111)
|
(115)
|
(102)
|
(60)
|
(55)
|
(47)
|
|
Income from Continuing Operations |
(24)
|
(29)
|
(16)
|
4
|
18
|
31
|
41
|
43
|
183
|
188
|
185
|
169
|
59
|
32
|
(6)
|
15
|
(12)
|
8
|
64
|
58
|
10
|
25
|
27
|
37
|
82
|
64
|
44
|
31
|
56
|
(27)
|
111
|
134
|
207
|
431
|
343
|
347
|
304
|
207
|
147
|
107
|
|
Income to Minority Interest |
0
|
(1)
|
(6)
|
(12)
|
(13)
|
(14)
|
(17)
|
(16)
|
(16)
|
(14)
|
(13)
|
(13)
|
(15)
|
(8)
|
12
|
(2)
|
(7)
|
(20)
|
(58)
|
(45)
|
(24)
|
(26)
|
(29)
|
(28)
|
(39)
|
(29)
|
(8)
|
(7)
|
(31)
|
31
|
2
|
(4)
|
9
|
(57)
|
(38)
|
(24)
|
(8)
|
(24)
|
5
|
22
|
|
Net Income (Common) |
(24)
N/A
|
(30)
-28%
|
(21)
+30%
|
(7)
+66%
|
5
N/A
|
17
+270%
|
24
+43%
|
27
+12%
|
167
+515%
|
174
+4%
|
172
-1%
|
153
-11%
|
40
-74%
|
18
-56%
|
(1)
N/A
|
6
N/A
|
(26)
N/A
|
(19)
+26%
|
(2)
+92%
|
6
N/A
|
(68)
N/A
|
(54)
+21%
|
(56)
-4%
|
(45)
+19%
|
36
N/A
|
29
-20%
|
29
+1%
|
18
-40%
|
18
+1%
|
(2)
N/A
|
106
N/A
|
123
+16%
|
210
+71%
|
367
+75%
|
299
-19%
|
316
+6%
|
289
-9%
|
176
-39%
|
145
-18%
|
122
-16%
|
|
EPS (Diluted) |
-0.84
N/A
|
-1.07
-27%
|
-0.71
+34%
|
-0.23
+68%
|
0.15
N/A
|
0.55
+267%
|
0.81
+47%
|
0.92
+14%
|
5.67
+516%
|
5.88
+4%
|
5.8
-1%
|
5.62
-3%
|
1.41
-75%
|
0.66
-53%
|
-0.02
N/A
|
0.24
N/A
|
-0.97
N/A
|
-0.68
+30%
|
-0.05
+93%
|
0.2
N/A
|
-2.18
N/A
|
-1.76
+19%
|
-1.82
-3%
|
-1.46
+20%
|
1.16
N/A
|
0.92
-21%
|
0.93
+1%
|
0.57
-39%
|
0.57
N/A
|
-0.07
N/A
|
3.62
N/A
|
4.09
+13%
|
7.2
+76%
|
10.92
+52%
|
8.82
-19%
|
9.66
+10%
|
9.4
-3%
|
5.55
-41%
|
4.81
-13%
|
3.77
-22%
|