Otter Tail Corp
NASDAQ:OTTR
Income Statement
Earnings Waterfall
Otter Tail Corp
Revenue
|
1.3B
USD
|
Cost of Revenue
|
-532.4m
USD
|
Gross Profit
|
816.8m
USD
|
Operating Expenses
|
-438.8m
USD
|
Operating Income
|
377.9m
USD
|
Other Expenses
|
-83.7m
USD
|
Net Income
|
294.2m
USD
|
Income Statement
Otter Tail 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 |
744
N/A
|
741
0%
|
723
-2%
|
689
-5%
|
799
+16%
|
676
-15%
|
669
-1%
|
673
+1%
|
780
+16%
|
783
+0%
|
799
+2%
|
796
0%
|
804
+1%
|
811
+1%
|
820
+1%
|
839
+2%
|
849
+1%
|
877
+3%
|
891
+2%
|
902
+1%
|
916
+2%
|
921
+1%
|
924
+0%
|
925
+0%
|
920
-1%
|
908
-1%
|
872
-4%
|
879
+1%
|
890
+1%
|
917
+3%
|
1 010
+10%
|
1 090
+8%
|
1 197
+10%
|
1 310
+9%
|
1 424
+9%
|
1 492
+5%
|
1 460
-2%
|
1 424
-2%
|
1 362
-4%
|
1 336
-2%
|
1 349
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(335)
|
(322)
|
(304)
|
(276)
|
(374)
|
(279)
|
(277)
|
(279)
|
(373)
|
(368)
|
(369)
|
(359)
|
(358)
|
(364)
|
(368)
|
(381)
|
(381)
|
(397)
|
(405)
|
(408)
|
(423)
|
(425)
|
(435)
|
(434)
|
(427)
|
(419)
|
(389)
|
(388)
|
(391)
|
(407)
|
(454)
|
(497)
|
(554)
|
(605)
|
(648)
|
(663)
|
(643)
|
(625)
|
(574)
|
(544)
|
(532)
|
|
Gross Profit |
408
N/A
|
418
+2%
|
419
+0%
|
414
-1%
|
425
+3%
|
396
-7%
|
392
-1%
|
394
+1%
|
407
+3%
|
416
+2%
|
430
+3%
|
437
+2%
|
445
+2%
|
448
+1%
|
452
+1%
|
459
+1%
|
468
+2%
|
479
+2%
|
486
+1%
|
494
+2%
|
494
0%
|
496
+1%
|
489
-1%
|
492
+0%
|
492
+0%
|
489
-1%
|
483
-1%
|
491
+2%
|
499
+2%
|
510
+2%
|
556
+9%
|
593
+7%
|
643
+8%
|
705
+10%
|
777
+10%
|
829
+7%
|
817
-1%
|
799
-2%
|
788
-1%
|
792
+1%
|
817
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(314)
|
(326)
|
(328)
|
(323)
|
(326)
|
(313)
|
(299)
|
(296)
|
(297)
|
(304)
|
(316)
|
(325)
|
(334)
|
(330)
|
(332)
|
(334)
|
(336)
|
(342)
|
(348)
|
(350)
|
(364)
|
(365)
|
(361)
|
(364)
|
(357)
|
(354)
|
(347)
|
(340)
|
(351)
|
(357)
|
(372)
|
(387)
|
(393)
|
(402)
|
(412)
|
(423)
|
(427)
|
(427)
|
(430)
|
(429)
|
(439)
|
|
Depreciation & Amortization |
(58)
|
(57)
|
(57)
|
(57)
|
(58)
|
(57)
|
(57)
|
(58)
|
(60)
|
(64)
|
(68)
|
(71)
|
(73)
|
(73)
|
(72)
|
(72)
|
(73)
|
(74)
|
(74)
|
(75)
|
(75)
|
(75)
|
(76)
|
(77)
|
(78)
|
(79)
|
(80)
|
(81)
|
(82)
|
(84)
|
(87)
|
(89)
|
(91)
|
(93)
|
(93)
|
(93)
|
(93)
|
(93)
|
(94)
|
(95)
|
(98)
|
|
Operations Maintenance |
(174)
|
(172)
|
(176)
|
(176)
|
(188)
|
(184)
|
(178)
|
(178)
|
(181)
|
(182)
|
(184)
|
(187)
|
(192)
|
(187)
|
(187)
|
(188)
|
(188)
|
(192)
|
(194)
|
(193)
|
(207)
|
(207)
|
(210)
|
(211)
|
(204)
|
(205)
|
(196)
|
(195)
|
(206)
|
(209)
|
(217)
|
(223)
|
(225)
|
(232)
|
(239)
|
(242)
|
(251)
|
(254)
|
(257)
|
(260)
|
(264)
|
|
Purchased Fuel Power Gas |
(71)
|
(75)
|
(72)
|
(69)
|
(67)
|
(60)
|
(51)
|
(47)
|
(43)
|
(44)
|
(50)
|
(53)
|
(55)
|
(56)
|
(58)
|
(59)
|
(60)
|
(62)
|
(65)
|
(66)
|
(67)
|
(67)
|
(59)
|
(61)
|
(59)
|
(54)
|
(55)
|
(48)
|
(46)
|
(47)
|
(51)
|
(57)
|
(59)
|
(60)
|
(62)
|
(69)
|
(65)
|
(62)
|
(62)
|
(57)
|
(60)
|
|
Other Operating Expenses |
(11)
|
(22)
|
(22)
|
(22)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(17)
|
|
Operating Income |
94
N/A
|
92
-2%
|
91
-1%
|
91
-1%
|
100
+10%
|
83
-17%
|
93
+12%
|
98
+5%
|
109
+12%
|
112
+2%
|
114
+2%
|
112
-2%
|
111
-1%
|
118
+6%
|
120
+2%
|
125
+4%
|
132
+6%
|
137
+4%
|
138
+0%
|
144
+5%
|
129
-10%
|
131
+2%
|
128
-3%
|
127
-1%
|
135
+6%
|
135
0%
|
136
+1%
|
151
+11%
|
148
-2%
|
153
+3%
|
185
+21%
|
207
+12%
|
250
+21%
|
304
+22%
|
365
+20%
|
407
+11%
|
390
-4%
|
373
-5%
|
358
-4%
|
363
+1%
|
378
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(27)
|
(27)
|
(27)
|
(28)
|
(30)
|
(31)
|
(31)
|
(31)
|
(31)
|
(31)
|
(32)
|
(32)
|
(32)
|
(31)
|
(31)
|
(30)
|
(30)
|
(30)
|
(30)
|
(30)
|
(30)
|
(31)
|
(31)
|
(31)
|
(31)
|
(32)
|
(33)
|
(34)
|
(34)
|
(36)
|
(37)
|
(38)
|
(38)
|
(37)
|
(37)
|
(36)
|
(36)
|
(37)
|
(37)
|
(37)
|
(38)
|
|
Non-Reccuring Items |
(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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
4
|
5
|
5
|
4
|
4
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
2
|
1
|
1
|
(3)
|
(4)
|
(5)
|
(6)
|
(2)
|
(2)
|
(1)
|
(1)
|
1
|
(1)
|
1
|
2
|
3
|
5
|
3
|
2
|
1
|
0
|
0
|
0
|
3
|
7
|
13
|
18
|
23
|
|
Pre-Tax Income |
61
N/A
|
70
+15%
|
69
-2%
|
66
-4%
|
73
+11%
|
54
-26%
|
64
+18%
|
69
+8%
|
80
+16%
|
82
+3%
|
85
+4%
|
83
-3%
|
82
-1%
|
88
+7%
|
90
+2%
|
95
+6%
|
100
+5%
|
104
+4%
|
103
-1%
|
109
+6%
|
97
-11%
|
99
+2%
|
96
-3%
|
95
-1%
|
104
+10%
|
102
-2%
|
104
+2%
|
120
+15%
|
116
-3%
|
122
+5%
|
151
+24%
|
171
+13%
|
213
+25%
|
267
+25%
|
328
+23%
|
371
+13%
|
358
-4%
|
344
-4%
|
334
-3%
|
344
+3%
|
363
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(13)
|
(15)
|
(13)
|
(12)
|
(17)
|
(10)
|
(14)
|
(16)
|
(22)
|
(23)
|
(24)
|
(23)
|
(20)
|
(21)
|
(22)
|
(24)
|
(26)
|
(23)
|
(20)
|
(21)
|
(15)
|
(17)
|
(17)
|
(14)
|
(17)
|
(17)
|
(18)
|
(22)
|
(20)
|
(20)
|
(24)
|
(27)
|
(36)
|
(48)
|
(66)
|
(77)
|
(73)
|
(69)
|
(63)
|
(65)
|
(69)
|
|
Income from Continuing Operations |
49
|
55
|
56
|
54
|
57
|
45
|
51
|
53
|
59
|
59
|
61
|
60
|
62
|
67
|
68
|
71
|
74
|
81
|
83
|
88
|
82
|
83
|
79
|
81
|
87
|
85
|
86
|
98
|
96
|
102
|
127
|
144
|
177
|
219
|
262
|
294
|
284
|
275
|
271
|
279
|
294
|
|
Net Income (Common) |
50
N/A
|
57
+13%
|
59
+4%
|
60
+1%
|
58
-4%
|
54
-6%
|
56
+3%
|
55
-1%
|
59
+7%
|
56
-6%
|
60
+8%
|
59
-1%
|
62
+5%
|
67
+8%
|
69
+2%
|
72
+5%
|
72
+1%
|
79
+9%
|
81
+2%
|
87
+7%
|
82
-5%
|
83
+0%
|
79
-4%
|
81
+2%
|
87
+8%
|
85
-2%
|
86
+2%
|
98
+13%
|
96
-2%
|
102
+6%
|
127
+25%
|
144
+13%
|
177
+23%
|
219
+24%
|
262
+20%
|
294
+12%
|
284
-3%
|
275
-3%
|
271
-1%
|
279
+3%
|
294
+6%
|
|
EPS (Diluted) |
1.38
N/A
|
1.56
+13%
|
1.61
+3%
|
1.62
+1%
|
1.55
-4%
|
1.44
-7%
|
1.47
+2%
|
1.46
-1%
|
1.56
+7%
|
1.47
-6%
|
1.57
+7%
|
1.52
-3%
|
1.6
+5%
|
1.71
+7%
|
1.72
+1%
|
1.8
+5%
|
1.82
+1%
|
1.97
+8%
|
2.02
+3%
|
2.16
+7%
|
2.06
-5%
|
2.06
N/A
|
1.98
-4%
|
2.02
+2%
|
2.17
+7%
|
2.09
-4%
|
2.12
+1%
|
2.38
+12%
|
2.34
-2%
|
2.44
+4%
|
3.03
+24%
|
3.45
+14%
|
4.23
+23%
|
5.22
+23%
|
6.26
+20%
|
7.01
+12%
|
6.78
-3%
|
6.55
-3%
|
6.42
-2%
|
6.63
+3%
|
7
+6%
|