Gilat Satellite Networks Ltd
NASDAQ:GILT
Income Statement
Earnings Waterfall
Gilat Satellite Networks Ltd
Income Statement
Gilat Satellite Networks Ltd
| Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | 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 | 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 |
6
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
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
|
|
| Revenue |
268
N/A
|
258
-4%
|
248
-4%
|
238
-4%
|
228
-4%
|
224
-2%
|
220
-2%
|
224
+2%
|
233
+4%
|
256
+10%
|
286
+12%
|
312
+9%
|
245
-21%
|
336
+37%
|
339
+1%
|
289
-15%
|
272
-6%
|
260
-4%
|
237
-9%
|
256
+8%
|
235
-8%
|
220
-6%
|
212
-4%
|
218
+3%
|
235
+8%
|
229
-2%
|
220
-4%
|
203
-8%
|
198
-3%
|
205
+4%
|
229
+12%
|
267
+17%
|
280
+5%
|
291
+4%
|
289
-1%
|
280
-3%
|
283
+1%
|
286
+1%
|
286
+0%
|
279
-2%
|
266
-5%
|
261
-2%
|
254
-3%
|
255
+0%
|
257
+1%
|
243
-6%
|
222
-9%
|
195
-12%
|
166
-15%
|
162
-3%
|
178
+10%
|
191
+7%
|
215
+13%
|
223
+4%
|
224
+0%
|
234
+5%
|
240
+2%
|
247
+3%
|
260
+5%
|
263
+1%
|
266
+1%
|
283
+6%
|
292
+3%
|
303
+4%
|
305
+1%
|
321
+5%
|
350
+9%
|
393
+12%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(182)
|
(179)
|
(174)
|
(166)
|
(158)
|
(152)
|
(148)
|
(148)
|
(153)
|
(167)
|
(184)
|
(200)
|
(142)
|
(219)
|
(225)
|
(185)
|
(174)
|
(164)
|
(148)
|
(168)
|
(155)
|
(143)
|
(136)
|
(140)
|
(152)
|
(153)
|
(151)
|
(143)
|
(143)
|
(162)
|
(181)
|
(205)
|
(204)
|
(210)
|
(204)
|
(199)
|
(200)
|
(200)
|
(197)
|
(186)
|
(172)
|
(165)
|
(159)
|
(160)
|
(161)
|
(161)
|
(152)
|
(140)
|
(125)
|
(117)
|
(126)
|
(131)
|
(144)
|
(148)
|
(145)
|
(150)
|
(153)
|
(152)
|
(159)
|
(159)
|
(161)
|
(175)
|
(183)
|
(192)
|
(192)
|
(208)
|
(231)
|
(267)
|
|
| Gross Profit |
86
N/A
|
79
-9%
|
75
-5%
|
72
-4%
|
70
-2%
|
72
+2%
|
72
0%
|
75
+5%
|
80
+6%
|
89
+12%
|
102
+14%
|
111
+9%
|
103
-8%
|
117
+14%
|
115
-2%
|
104
-10%
|
98
-6%
|
96
-2%
|
89
-8%
|
87
-2%
|
80
-9%
|
77
-4%
|
76
-1%
|
78
+2%
|
84
+7%
|
77
-8%
|
69
-11%
|
59
-13%
|
54
-9%
|
43
-20%
|
47
+10%
|
62
+30%
|
76
+22%
|
80
+7%
|
85
+5%
|
81
-4%
|
83
+1%
|
87
+5%
|
89
+3%
|
93
+4%
|
94
+1%
|
96
+2%
|
96
0%
|
95
-1%
|
96
+1%
|
82
-15%
|
69
-15%
|
55
-20%
|
41
-25%
|
45
+9%
|
52
+16%
|
60
+15%
|
71
+19%
|
75
+5%
|
78
+4%
|
84
+7%
|
87
+4%
|
95
+10%
|
101
+6%
|
104
+3%
|
105
+1%
|
108
+3%
|
109
+1%
|
111
+2%
|
113
+2%
|
114
+0%
|
119
+5%
|
126
+6%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(83)
|
(84)
|
(81)
|
(80)
|
(71)
|
(73)
|
(74)
|
(76)
|
(82)
|
(91)
|
(102)
|
(109)
|
(92)
|
(113)
|
(109)
|
(93)
|
(88)
|
(115)
|
(110)
|
(117)
|
(83)
|
(84)
|
(83)
|
(81)
|
(79)
|
(74)
|
(73)
|
(73)
|
(66)
|
(86)
|
(85)
|
(70)
|
(75)
|
(77)
|
(77)
|
(70)
|
(72)
|
(72)
|
(73)
|
(74)
|
(73)
|
(74)
|
(73)
|
(71)
|
(70)
|
(68)
|
(63)
|
(59)
|
(57)
|
(56)
|
(61)
|
(65)
|
(68)
|
(70)
|
(71)
|
(73)
|
(76)
|
(77)
|
(79)
|
(72)
|
(80)
|
(82)
|
(86)
|
(93)
|
(95)
|
(94)
|
(97)
|
(103)
|
|
| Selling, General & Administrative |
(66)
|
(63)
|
(61)
|
(59)
|
(57)
|
(58)
|
(58)
|
(60)
|
(63)
|
(68)
|
(75)
|
(79)
|
(60)
|
(82)
|
(78)
|
(63)
|
(59)
|
(54)
|
(49)
|
(58)
|
(55)
|
(55)
|
(56)
|
(54)
|
(53)
|
(50)
|
(48)
|
(48)
|
(44)
|
(42)
|
(42)
|
(48)
|
(50)
|
(51)
|
(51)
|
(43)
|
(44)
|
(43)
|
(42)
|
(42)
|
(40)
|
(41)
|
(40)
|
(40)
|
(40)
|
(39)
|
(35)
|
(32)
|
(31)
|
(29)
|
(32)
|
(35)
|
(37)
|
(39)
|
(39)
|
(39)
|
(41)
|
(41)
|
(43)
|
(43)
|
(39)
|
(49)
|
(52)
|
(55)
|
(54)
|
(54)
|
(55)
|
(58)
|
|
| Research & Development |
(17)
|
(16)
|
(16)
|
(16)
|
(14)
|
(15)
|
(15)
|
(16)
|
0
|
0
|
0
|
0
|
(32)
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
(28)
|
(14)
|
(21)
|
0
|
(25)
|
0
|
0
|
0
|
0
|
(6)
|
(12)
|
(18)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(8)
|
(16)
|
(23)
|
(0)
|
(31)
|
(32)
|
(34)
|
(0)
|
(38)
|
(38)
|
(40)
|
(1)
|
(41)
|
(41)
|
(40)
|
(1)
|
(40)
|
(44)
|
(46)
|
|
| Other Operating Expenses |
0
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
(19)
|
(23)
|
(27)
|
(30)
|
0
|
(31)
|
(31)
|
(30)
|
0
|
(61)
|
(60)
|
(60)
|
0
|
(14)
|
(7)
|
(27)
|
0
|
(25)
|
(25)
|
(25)
|
(22)
|
(38)
|
(32)
|
(4)
|
(25)
|
(26)
|
(26)
|
(26)
|
(28)
|
(29)
|
(31)
|
(32)
|
(33)
|
(33)
|
(33)
|
(31)
|
(30)
|
(29)
|
(28)
|
(27)
|
(26)
|
(19)
|
(13)
|
(7)
|
(31)
|
0
|
0
|
0
|
(35)
|
2
|
2
|
10
|
(41)
|
8
|
7
|
1
|
(40)
|
0
|
2
|
1
|
|
| Operating Income |
3
N/A
|
(6)
N/A
|
(7)
-22%
|
(8)
-13%
|
(1)
+91%
|
(1)
+7%
|
(2)
-142%
|
(1)
+29%
|
(2)
-116%
|
(1)
+40%
|
0
N/A
|
2
+836%
|
11
+439%
|
4
-65%
|
6
+54%
|
11
+84%
|
10
-9%
|
(18)
N/A
|
(21)
-13%
|
(30)
-45%
|
(4)
+88%
|
(7)
-90%
|
(7)
-6%
|
(3)
+55%
|
5
N/A
|
3
-49%
|
(4)
N/A
|
(13)
-220%
|
(12)
+13%
|
(43)
-265%
|
(38)
+11%
|
(9)
+77%
|
1
N/A
|
4
+368%
|
8
+118%
|
12
+44%
|
11
-7%
|
15
+33%
|
17
+16%
|
19
+16%
|
21
+10%
|
22
+4%
|
23
+3%
|
24
+4%
|
26
+9%
|
13
-48%
|
6
-58%
|
(4)
N/A
|
(16)
-294%
|
(11)
+30%
|
(9)
+22%
|
(5)
+41%
|
3
N/A
|
6
+92%
|
8
+39%
|
11
+38%
|
11
+2%
|
19
+72%
|
22
+20%
|
31
+41%
|
25
-21%
|
26
+8%
|
24
-10%
|
18
-25%
|
18
+2%
|
20
+8%
|
22
+15%
|
23
+4%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
4
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(8)
|
(5)
|
(7)
|
(6)
|
(5)
|
(1)
|
(5)
|
(5)
|
(5)
|
(1)
|
(4)
|
(4)
|
(4)
|
(1)
|
(5)
|
(4)
|
(3)
|
1
|
(3)
|
(3)
|
(2)
|
0
|
(2)
|
(1)
|
(2)
|
(0)
|
(2)
|
(3)
|
(3)
|
(1)
|
(2)
|
(2)
|
(1)
|
3
|
1
|
2
|
3
|
3
|
0
|
(1)
|
(3)
|
|
| Non-Reccuring Items |
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(3)
|
(3)
|
(3)
|
(16)
|
(20)
|
(19)
|
(19)
|
(30)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
(21)
|
(32)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(3)
|
(3)
|
(12)
|
54
|
56
|
57
|
65
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
3
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
|
| Total Other Income |
(2)
|
1
|
(0)
|
4
|
(0)
|
3
|
3
|
37
|
37
|
37
|
38
|
6
|
6
|
7
|
6
|
2
|
0
|
3
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
|
| Pre-Tax Income |
0
N/A
|
(4)
N/A
|
(7)
-57%
|
(4)
+39%
|
3
N/A
|
2
-17%
|
2
-18%
|
35
+1 758%
|
31
-14%
|
32
+3%
|
34
+8%
|
3
-91%
|
(2)
N/A
|
(10)
-347%
|
(10)
-1%
|
(10)
+7%
|
(23)
-135%
|
(19)
+15%
|
(23)
-17%
|
(33)
-43%
|
(10)
+68%
|
(13)
-28%
|
(12)
+11%
|
(7)
+43%
|
1
N/A
|
(2)
N/A
|
(9)
-482%
|
(43)
-354%
|
(51)
-20%
|
(49)
+3%
|
(44)
+11%
|
(14)
+69%
|
(4)
+70%
|
(1)
+71%
|
3
N/A
|
7
+140%
|
7
-4%
|
10
+58%
|
12
+18%
|
15
+23%
|
17
+12%
|
18
+3%
|
19
+10%
|
21
+8%
|
23
+12%
|
8
-66%
|
(0)
N/A
|
(18)
-5 513%
|
36
N/A
|
43
+19%
|
47
+9%
|
58
+24%
|
1
-99%
|
3
+492%
|
4
+34%
|
6
+57%
|
7
+13%
|
16
+128%
|
20
+24%
|
30
+50%
|
28
-6%
|
27
-3%
|
25
-7%
|
20
-20%
|
29
+43%
|
20
-33%
|
21
+7%
|
20
-4%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
0
|
1
|
1
|
3
|
2
|
0
|
(0)
|
0
|
1
|
1
|
1
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
2
|
2
|
(0)
|
4
|
2
|
1
|
1
|
(3)
|
14
|
14
|
15
|
15
|
(1)
|
(1)
|
(1)
|
(1)
|
(4)
|
(4)
|
(4)
|
(4)
|
(13)
|
(14)
|
(14)
|
(16)
|
(5)
|
(4)
|
(6)
|
(4)
|
(4)
|
(6)
|
1
|
4
|
|
| Income from Continuing Operations |
(1)
|
(5)
|
(8)
|
(5)
|
2
|
2
|
2
|
36
|
31
|
30
|
33
|
1
|
(2)
|
(9)
|
(9)
|
(7)
|
(21)
|
(19)
|
(23)
|
(33)
|
(10)
|
(12)
|
(11)
|
(7)
|
(1)
|
(4)
|
(11)
|
(44)
|
(52)
|
(51)
|
(45)
|
(15)
|
(5)
|
(2)
|
4
|
8
|
9
|
12
|
12
|
19
|
19
|
19
|
20
|
18
|
37
|
22
|
15
|
(3)
|
35
|
42
|
46
|
57
|
(3)
|
(1)
|
0
|
2
|
(6)
|
2
|
6
|
14
|
24
|
23
|
20
|
17
|
25
|
14
|
22
|
24
|
|
| Net Income (Common) |
(1)
N/A
|
(5)
-398%
|
(8)
-45%
|
(5)
+38%
|
2
N/A
|
2
+20%
|
2
-6%
|
36
+1 568%
|
31
-15%
|
30
-1%
|
33
+7%
|
1
-98%
|
(6)
N/A
|
(9)
-58%
|
(9)
-1%
|
(10)
-10%
|
(23)
-123%
|
(24)
-3%
|
(29)
-20%
|
(36)
-26%
|
(18)
+50%
|
(18)
-2%
|
(16)
+14%
|
(11)
+27%
|
(2)
+87%
|
(4)
-194%
|
(12)
-174%
|
(45)
-270%
|
(52)
-17%
|
(51)
+3%
|
(45)
+11%
|
(15)
+67%
|
(5)
+65%
|
(2)
+61%
|
4
N/A
|
8
+115%
|
7
-14%
|
10
+45%
|
10
+0%
|
17
+67%
|
18
+11%
|
19
+3%
|
20
+7%
|
18
-12%
|
37
+107%
|
22
-40%
|
15
-34%
|
(3)
N/A
|
35
N/A
|
42
+19%
|
46
+10%
|
57
+25%
|
(3)
N/A
|
(1)
+80%
|
0
N/A
|
2
+1 387%
|
(6)
N/A
|
2
N/A
|
6
+174%
|
14
+134%
|
24
+67%
|
23
-3%
|
20
-13%
|
17
-17%
|
25
+50%
|
14
-44%
|
22
+61%
|
24
+6%
|
|
| EPS (Diluted) |
-0.03
N/A
|
-0.13
-333%
|
-0.19
-46%
|
-0.12
+37%
|
0.05
N/A
|
0.06
+20%
|
0.06
N/A
|
0.86
+1 333%
|
0.73
-15%
|
0.73
N/A
|
0.78
+7%
|
0.02
-97%
|
-0.14
N/A
|
-0.23
-64%
|
-0.23
N/A
|
-0.25
-9%
|
-0.56
-124%
|
-0.56
N/A
|
-0.68
-21%
|
-0.85
-25%
|
-0.42
+51%
|
-0.43
-2%
|
-0.36
+16%
|
-0.26
+28%
|
-0.02
+92%
|
-0.1
-400%
|
-0.28
-180%
|
-1.01
-261%
|
-1.19
-18%
|
-1.15
+3%
|
-0.83
+28%
|
-0.27
+67%
|
-0.1
+63%
|
-0.04
+60%
|
0.07
N/A
|
0.15
+114%
|
0.12
-20%
|
0.17
+42%
|
0.17
N/A
|
0.29
+71%
|
0.33
+14%
|
0.35
+6%
|
0.37
+6%
|
0.32
-14%
|
0.66
+106%
|
0.39
-41%
|
0.25
-36%
|
-0.07
N/A
|
0.63
N/A
|
0.74
+17%
|
0.82
+11%
|
1
+22%
|
-0.05
N/A
|
0
N/A
|
0.01
N/A
|
0.05
+400%
|
-0.1
N/A
|
0.04
N/A
|
0.11
+175%
|
0.25
+127%
|
0.41
+64%
|
0.41
N/A
|
0.35
-15%
|
0.29
-17%
|
0.44
+52%
|
0.24
-45%
|
0.39
+63%
|
0.41
+5%
|
|