NorthWestern Corp
NASDAQ:NWE
Income Statement
Earnings Waterfall
NorthWestern Corp
Revenue
|
1.4B
USD
|
Cost of Revenue
|
-429.5m
USD
|
Gross Profit
|
1B
USD
|
Operating Expenses
|
-707m
USD
|
Operating Income
|
306.4m
USD
|
Other Expenses
|
-109.8m
USD
|
Net Income
|
196.6m
USD
|
Income Statement
NorthWestern Corp
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 211
N/A
|
1 221
+1%
|
1 211
-1%
|
1 205
-1%
|
1 181
-2%
|
1 181
+0%
|
1 202
+2%
|
1 214
+1%
|
1 201
-1%
|
1 223
+2%
|
1 252
+2%
|
1 257
+0%
|
1 292
+3%
|
1 283
-1%
|
1 292
+1%
|
1 306
+1%
|
1 280
-2%
|
1 258
-2%
|
1 228
-2%
|
1 192
-3%
|
1 235
+4%
|
1 244
+1%
|
1 239
0%
|
1 258
+2%
|
1 209
-4%
|
1 208
0%
|
1 213
+0%
|
1 199
-1%
|
1 264
+5%
|
1 293
+2%
|
1 338
+4%
|
1 372
+3%
|
1 366
0%
|
1 391
+2%
|
1 400
+1%
|
1 478
+6%
|
1 538
+4%
|
1 505
-2%
|
1 491
-1%
|
1 422
-5%
|
1 443
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(515)
|
(520)
|
(511)
|
(483)
|
(428)
|
(395)
|
(374)
|
(373)
|
(376)
|
(378)
|
(401)
|
(401)
|
(405)
|
(408)
|
(409)
|
(410)
|
(387)
|
(335)
|
(310)
|
(273)
|
(293)
|
(316)
|
(308)
|
(318)
|
(294)
|
(299)
|
(303)
|
(306)
|
(359)
|
(366)
|
(397)
|
(426)
|
(416)
|
(443)
|
(453)
|
(492)
|
(522)
|
(495)
|
(475)
|
(420)
|
(429)
|
|
Gross Profit |
697
N/A
|
701
+1%
|
700
0%
|
722
+3%
|
754
+4%
|
787
+4%
|
829
+5%
|
841
+2%
|
825
-2%
|
845
+2%
|
851
+1%
|
856
+1%
|
887
+4%
|
875
-1%
|
883
+1%
|
895
+1%
|
893
0%
|
923
+3%
|
918
-1%
|
919
+0%
|
942
+3%
|
928
-2%
|
931
+0%
|
940
+1%
|
915
-3%
|
909
-1%
|
911
+0%
|
893
-2%
|
905
+1%
|
927
+2%
|
941
+2%
|
947
+1%
|
950
+0%
|
948
0%
|
947
0%
|
986
+4%
|
1 016
+3%
|
1 010
-1%
|
1 016
+1%
|
1 002
-1%
|
1 013
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(511)
|
(523)
|
(523)
|
(544)
|
(563)
|
(560)
|
(585)
|
(576)
|
(581)
|
(599)
|
(597)
|
(601)
|
(606)
|
(612)
|
(611)
|
(624)
|
(625)
|
(632)
|
(643)
|
(653)
|
(664)
|
(669)
|
(674)
|
(663)
|
(660)
|
(658)
|
(656)
|
(656)
|
(663)
|
(671)
|
(679)
|
(671)
|
(676)
|
(681)
|
(687)
|
(723)
|
(736)
|
(737)
|
(736)
|
(701)
|
(707)
|
|
Selling, General & Administrative |
(289)
|
(296)
|
(291)
|
(306)
|
(315)
|
(302)
|
(313)
|
(298)
|
(296)
|
(307)
|
(296)
|
(294)
|
(292)
|
(292)
|
(292)
|
(295)
|
(291)
|
(292)
|
(298)
|
(307)
|
(314)
|
(321)
|
(324)
|
(318)
|
(316)
|
(307)
|
(303)
|
(297)
|
(299)
|
(304)
|
(312)
|
(102)
|
(261)
|
(211)
|
(158)
|
(114)
|
(117)
|
(120)
|
(121)
|
(117)
|
(123)
|
|
Depreciation & Amortization |
(114)
|
(117)
|
(119)
|
(124)
|
(129)
|
(135)
|
(140)
|
(145)
|
(149)
|
(153)
|
(157)
|
(159)
|
(161)
|
(163)
|
(164)
|
(166)
|
(169)
|
(171)
|
(173)
|
(175)
|
(176)
|
(174)
|
(173)
|
(173)
|
(173)
|
(177)
|
(178)
|
(180)
|
(181)
|
(183)
|
(186)
|
(188)
|
(189)
|
(191)
|
(192)
|
(195)
|
(199)
|
(204)
|
(207)
|
(210)
|
(214)
|
|
Operations Maintenance |
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
|
(208)
|
(53)
|
(106)
|
(161)
|
(221)
|
(225)
|
(226)
|
(225)
|
(221)
|
(219)
|
|
Other Operating Expenses |
(108)
|
(111)
|
(112)
|
(115)
|
(119)
|
(123)
|
(131)
|
(133)
|
(136)
|
(139)
|
(144)
|
(148)
|
(153)
|
(157)
|
(155)
|
(163)
|
(166)
|
(169)
|
(172)
|
(171)
|
(173)
|
(175)
|
(176)
|
(172)
|
(172)
|
(174)
|
(176)
|
(180)
|
(183)
|
(183)
|
(181)
|
(173)
|
(173)
|
(173)
|
(175)
|
(193)
|
(195)
|
(188)
|
(183)
|
(153)
|
(151)
|
|
Operating Income |
186
N/A
|
178
-4%
|
178
0%
|
178
+0%
|
191
+7%
|
227
+19%
|
244
+8%
|
266
+9%
|
244
-8%
|
246
+1%
|
254
+3%
|
255
+0%
|
281
+10%
|
263
-6%
|
271
+3%
|
272
+0%
|
269
-1%
|
291
+9%
|
275
-6%
|
266
-3%
|
279
+5%
|
258
-7%
|
257
-1%
|
277
+8%
|
255
-8%
|
251
-2%
|
254
+1%
|
236
-7%
|
242
+2%
|
256
+6%
|
262
+2%
|
276
+5%
|
274
-1%
|
267
-2%
|
260
-3%
|
263
+1%
|
280
+6%
|
273
-2%
|
280
+3%
|
300
+7%
|
306
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(74)
|
(76)
|
(77)
|
(78)
|
(81)
|
(85)
|
(88)
|
(92)
|
(94)
|
(97)
|
(96)
|
(95)
|
(94)
|
(91)
|
(93)
|
(92)
|
(92)
|
(92)
|
(91)
|
(92)
|
(93)
|
(93)
|
(95)
|
(95)
|
(96)
|
(96)
|
(96)
|
(97)
|
(96)
|
(95)
|
(95)
|
(94)
|
(94)
|
(94)
|
(96)
|
(100)
|
(104)
|
(109)
|
(112)
|
(115)
|
(118)
|
|
Non-Reccuring Items |
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
|
(3)
|
|
Total Other Income |
7
|
9
|
6
|
10
|
9
|
7
|
11
|
8
|
10
|
10
|
6
|
(4)
|
(8)
|
(9)
|
(11)
|
(3)
|
(3)
|
(2)
|
2
|
4
|
6
|
6
|
3
|
0
|
(3)
|
(3)
|
(2)
|
5
|
12
|
15
|
20
|
8
|
7
|
7
|
6
|
19
|
19
|
21
|
21
|
16
|
18
|
|
Pre-Tax Income |
119
N/A
|
112
-6%
|
106
-5%
|
110
+4%
|
118
+7%
|
149
+26%
|
167
+12%
|
181
+9%
|
160
-12%
|
160
0%
|
164
+3%
|
157
-5%
|
179
+14%
|
163
-9%
|
167
+3%
|
176
+5%
|
173
-2%
|
198
+14%
|
186
-6%
|
178
-4%
|
192
+8%
|
171
-11%
|
165
-3%
|
182
+10%
|
157
-14%
|
152
-3%
|
157
+3%
|
144
-8%
|
158
+10%
|
176
+11%
|
187
+6%
|
190
+2%
|
187
-2%
|
180
-4%
|
169
-6%
|
182
+8%
|
195
+7%
|
185
-5%
|
189
+2%
|
202
+7%
|
204
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(17)
|
(16)
|
4
|
10
|
8
|
1
|
(24)
|
(30)
|
(21)
|
(15)
|
1
|
8
|
2
|
4
|
(9)
|
(13)
|
(1)
|
2
|
9
|
(1)
|
(8)
|
11
|
7
|
20
|
23
|
2
|
5
|
11
|
9
|
7
|
2
|
(3)
|
(5)
|
(5)
|
(2)
|
1
|
(5)
|
(6)
|
(8)
|
(4)
|
(8)
|
|
Income from Continuing Operations |
102
|
95
|
110
|
121
|
127
|
150
|
143
|
151
|
140
|
144
|
165
|
164
|
181
|
167
|
159
|
163
|
172
|
200
|
195
|
177
|
184
|
182
|
173
|
202
|
180
|
154
|
162
|
155
|
168
|
183
|
189
|
187
|
183
|
175
|
168
|
183
|
190
|
179
|
181
|
197
|
197
|
|
Net Income (Common) |
102
N/A
|
95
-6%
|
110
+15%
|
121
+10%
|
127
+5%
|
150
+18%
|
143
-4%
|
151
+5%
|
140
-8%
|
144
+3%
|
165
+14%
|
164
-1%
|
181
+10%
|
167
-8%
|
159
-5%
|
163
+2%
|
165
+1%
|
187
+13%
|
178
-4%
|
197
+10%
|
211
+7%
|
215
+2%
|
209
-3%
|
202
-3%
|
180
-11%
|
154
-15%
|
162
+5%
|
155
-4%
|
168
+8%
|
183
+9%
|
189
+3%
|
187
-1%
|
183
-2%
|
175
-4%
|
168
-4%
|
183
+9%
|
186
+2%
|
176
-6%
|
178
+1%
|
194
+9%
|
197
+1%
|
|
EPS (Diluted) |
2.6
N/A
|
2.42
-7%
|
2.79
+15%
|
3.01
+8%
|
2.69
-11%
|
3.16
+17%
|
3.04
-4%
|
3.2
+5%
|
2.88
-10%
|
2.95
+2%
|
3.39
+15%
|
3.39
N/A
|
3.74
+10%
|
3.45
-8%
|
3.28
-5%
|
3.34
+2%
|
3.32
-1%
|
3.73
+12%
|
3.53
-5%
|
3.92
+11%
|
4.16
+6%
|
4.23
+2%
|
4.1
-3%
|
3.98
-3%
|
3.55
-11%
|
3.03
-15%
|
3.18
+5%
|
3.06
-4%
|
3.29
+8%
|
3.6
+9%
|
3.63
+1%
|
3.6
-1%
|
3.33
-8%
|
3.18
-5%
|
2.96
-7%
|
3.25
+10%
|
3.11
-4%
|
2.93
-6%
|
2.93
N/A
|
3.21
+10%
|
3.2
0%
|