Newtek Business Services Corp
NASDAQ:NEWT
Income Statement
Earnings Waterfall
Newtek Business Services Corp
Revenue
|
203.4m
USD
|
Cost of Revenue
|
-18.3m
USD
|
Gross Profit
|
185m
USD
|
Operating Expenses
|
-127.7m
USD
|
Operating Income
|
57.3m
USD
|
Other Expenses
|
-11.4m
USD
|
Net Income
|
45.9m
USD
|
Income Statement
Newtek Business Services Corp
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
144
N/A
|
146
+1%
|
147
+1%
|
150
+2%
|
134
-10%
|
111
-18%
|
86
-23%
|
61
-29%
|
60
-2%
|
61
+1%
|
62
+3%
|
65
+5%
|
63
-4%
|
67
+7%
|
71
+6%
|
74
+4%
|
78
+5%
|
82
+4%
|
85
+4%
|
88
+4%
|
93
+5%
|
95
+2%
|
99
+5%
|
105
+5%
|
110
+5%
|
107
-3%
|
126
+18%
|
112
-11%
|
104
-7%
|
125
+21%
|
128
+2%
|
145
+14%
|
160
+10%
|
154
-4%
|
145
-6%
|
152
+5%
|
143
-6%
|
150
+5%
|
162
+8%
|
176
+9%
|
203
+15%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
0
|
(19)
|
(67)
|
(29)
|
(29)
|
(10)
|
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
|
(5)
|
(9)
|
(14)
|
(18)
|
|
Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
19
N/A
|
67
+254%
|
44
-35%
|
57
+30%
|
51
-9%
|
60
+17%
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
38
N/A
|
84
+119%
|
132
+57%
|
185
+40%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(125)
|
(126)
|
(127)
|
(108)
|
(49)
|
(63)
|
(37)
|
(31)
|
(26)
|
(27)
|
(28)
|
(29)
|
(32)
|
(34)
|
(35)
|
(35)
|
(35)
|
(36)
|
(37)
|
(39)
|
(40)
|
(41)
|
(41)
|
(42)
|
(44)
|
(45)
|
(47)
|
(45)
|
(42)
|
(45)
|
(49)
|
(53)
|
(61)
|
(62)
|
(61)
|
(64)
|
(66)
|
(86)
|
(106)
|
(119)
|
(128)
|
|
Selling, General & Administrative |
(45)
|
(46)
|
(46)
|
(47)
|
(46)
|
(39)
|
(34)
|
(29)
|
(26)
|
(26)
|
(28)
|
(29)
|
(32)
|
(34)
|
(35)
|
(35)
|
(36)
|
(36)
|
(37)
|
(38)
|
(39)
|
(40)
|
(41)
|
(42)
|
(44)
|
(45)
|
(46)
|
(45)
|
(42)
|
(45)
|
(48)
|
(53)
|
(60)
|
(62)
|
(61)
|
(63)
|
(66)
|
(81)
|
(97)
|
(107)
|
(111)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(3)
|
|
Other Operating Expenses |
(77)
|
(77)
|
(77)
|
(58)
|
0
|
(21)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(7)
|
(10)
|
(14)
|
|
Operating Income |
18
N/A
|
19
+7%
|
20
+4%
|
23
+12%
|
19
-17%
|
18
-1%
|
19
+6%
|
20
+3%
|
34
+70%
|
34
-1%
|
34
+0%
|
36
+5%
|
31
-14%
|
34
+9%
|
36
+9%
|
39
+8%
|
43
+9%
|
45
+6%
|
48
+5%
|
49
+4%
|
53
+7%
|
54
+3%
|
58
+7%
|
62
+7%
|
66
+6%
|
62
-6%
|
79
+28%
|
66
-16%
|
61
-8%
|
80
+31%
|
79
-1%
|
92
+16%
|
100
+8%
|
92
-8%
|
84
-9%
|
88
+5%
|
77
-12%
|
60
-23%
|
46
-22%
|
43
-8%
|
57
+34%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(7)
|
(8)
|
(10)
|
(10)
|
(9)
|
(10)
|
(11)
|
(12)
|
2
|
7
|
12
|
18
|
2
|
(2)
|
(7)
|
(14)
|
(2)
|
(1)
|
(2)
|
1
|
(15)
|
(17)
|
(18)
|
(24)
|
(21)
|
(36)
|
(38)
|
(37)
|
(29)
|
(6)
|
(14)
|
(7)
|
(13)
|
(26)
|
(21)
|
(33)
|
(38)
|
(40)
|
(45)
|
(59)
|
(68)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
(0)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(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
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
8
|
10
|
10
|
(1)
|
(10)
|
(13)
|
(16)
|
(5)
|
(4)
|
(2)
|
0
|
(2)
|
(2)
|
(3)
|
(3)
|
(1)
|
(0)
|
(2)
|
(1)
|
(3)
|
(1)
|
1
|
1
|
1
|
(3)
|
(1)
|
(4)
|
(1)
|
(2)
|
(2)
|
1
|
(7)
|
10
|
24
|
43
|
56
|
|
Pre-Tax Income |
11
N/A
|
11
+0%
|
10
-5%
|
13
+24%
|
8
-39%
|
16
+98%
|
18
+16%
|
19
+1%
|
36
+92%
|
31
-12%
|
32
+2%
|
37
+17%
|
27
-26%
|
28
+1%
|
29
+6%
|
27
-7%
|
39
+43%
|
41
+6%
|
42
+2%
|
46
+10%
|
36
-23%
|
37
+3%
|
38
+3%
|
36
-5%
|
41
+14%
|
25
-40%
|
42
+68%
|
31
-27%
|
34
+10%
|
71
+111%
|
63
-11%
|
80
+27%
|
84
+5%
|
64
-24%
|
60
-6%
|
55
-9%
|
32
-41%
|
30
-9%
|
25
-14%
|
27
+6%
|
45
+68%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(3)
|
(2)
|
(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
|
5
|
2
|
(1)
|
2
|
|
Income from Continuing Operations |
7
|
7
|
7
|
8
|
4
|
13
|
16
|
18
|
36
|
31
|
32
|
37
|
27
|
28
|
29
|
27
|
39
|
41
|
42
|
46
|
36
|
37
|
38
|
36
|
41
|
25
|
42
|
31
|
34
|
71
|
63
|
80
|
84
|
64
|
60
|
55
|
32
|
34
|
28
|
26
|
47
|
|
Income to Minority Interest |
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
|
|
Net Income (Common) |
8
N/A
|
7
-1%
|
7
-6%
|
8
+12%
|
4
-49%
|
13
+214%
|
16
+28%
|
18
+13%
|
36
+96%
|
31
-12%
|
32
+2%
|
37
+17%
|
27
-26%
|
28
+1%
|
29
+6%
|
27
-7%
|
39
+43%
|
41
+6%
|
42
+2%
|
46
+10%
|
36
-23%
|
37
+3%
|
38
+3%
|
36
-5%
|
41
+14%
|
25
-40%
|
42
+68%
|
31
-27%
|
34
+10%
|
71
+111%
|
63
-11%
|
80
+27%
|
84
+5%
|
64
-24%
|
60
-6%
|
55
-9%
|
32
-41%
|
34
+6%
|
27
-21%
|
25
-7%
|
46
+81%
|
|
EPS (Diluted) |
1
N/A
|
0.99
-1%
|
0.93
-6%
|
1.02
+10%
|
0.52
-49%
|
1.23
+137%
|
1.57
+28%
|
1.76
+12%
|
3.32
+89%
|
2.15
-35%
|
2.19
+2%
|
2.54
+16%
|
1.88
-26%
|
1.68
-11%
|
1.68
N/A
|
1.55
-8%
|
2.25
+45%
|
2.22
-1%
|
2.24
+1%
|
2.45
+9%
|
1.91
-22%
|
1.92
+1%
|
1.99
+4%
|
1.88
-6%
|
2.13
+13%
|
1.19
-44%
|
1.99
+67%
|
1.43
-28%
|
1.59
+11%
|
3.17
+99%
|
2.79
-12%
|
3.54
+27%
|
3.69
+4%
|
2.63
-29%
|
2.47
-6%
|
2.24
-9%
|
1.34
-40%
|
1.35
+1%
|
1.09
-19%
|
1.01
-7%
|
1.88
+86%
|