PPD Inc
NASDAQ:PPD
Income Statement
Earnings Waterfall
PPD Inc
Revenue
|
5.9B
USD
|
Cost of Revenue
|
-3.7B
USD
|
Gross Profit
|
2.2B
USD
|
Operating Expenses
|
-1.5B
USD
|
Operating Income
|
669.4m
USD
|
Other Expenses
|
-305.4m
USD
|
Net Income
|
364.1m
USD
|
Income Statement
PPD Inc
Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
3 846
N/A
|
3 963
+3%
|
4 031
+2%
|
4 140
+3%
|
4 154
+0%
|
4 364
+5%
|
4 682
+7%
|
4 987
+7%
|
5 552
+11%
|
5 879
+6%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(2 325)
|
(2 371)
|
(2 409)
|
(2 482)
|
(2 483)
|
(2 641)
|
(2 883)
|
(3 076)
|
(3 494)
|
(3 688)
|
|
Gross Profit |
1 521
N/A
|
1 592
+5%
|
1 622
+2%
|
1 658
+2%
|
1 671
+1%
|
1 723
+3%
|
1 799
+4%
|
1 911
+6%
|
2 058
+8%
|
2 191
+6%
|
|
Operating Income | |||||||||||
Operating Expenses |
(1 156)
|
(1 186)
|
(1 204)
|
(1 234)
|
(1 239)
|
(1 265)
|
(1 289)
|
(1 342)
|
(1 435)
|
(1 522)
|
|
Selling, General & Administrative |
(868)
|
(895)
|
(939)
|
(968)
|
(970)
|
(992)
|
(1 010)
|
(1 056)
|
(1 137)
|
(1 222)
|
|
Depreciation & Amortization |
(259)
|
(262)
|
(265)
|
(266)
|
(269)
|
(273)
|
(279)
|
(286)
|
(297)
|
(300)
|
|
Other Operating Expenses |
(30)
|
(30)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
365
N/A
|
406
+11%
|
419
+3%
|
424
+1%
|
432
+2%
|
458
+6%
|
510
+11%
|
569
+12%
|
623
+10%
|
669
+7%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
(301)
|
(374)
|
(356)
|
(313)
|
(223)
|
(243)
|
(227)
|
(240)
|
(328)
|
(214)
|
|
Non-Reccuring Items |
0
|
0
|
(1)
|
(51)
|
(95)
|
(96)
|
(95)
|
(57)
|
(25)
|
(26)
|
|
Total Other Income |
30
|
51
|
(2)
|
(3)
|
(15)
|
(24)
|
0
|
0
|
0
|
1
|
|
Pre-Tax Income |
94
N/A
|
83
-12%
|
59
-28%
|
57
-4%
|
100
+74%
|
95
-5%
|
188
+98%
|
272
+45%
|
270
-1%
|
430
+59%
|
|
Net Income | |||||||||||
Tax Provision |
(28)
|
(31)
|
(3)
|
2
|
(9)
|
(11)
|
(19)
|
(42)
|
(51)
|
(80)
|
|
Income from Continuing Operations |
66
|
52
|
56
|
59
|
90
|
84
|
169
|
230
|
220
|
350
|
|
Income to Minority Interest |
(5)
|
(5)
|
(5)
|
(7)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
|
Equity Earnings Affiliates |
(1)
|
(2)
|
(4)
|
(5)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
20
|
|
Net Income (Common) |
60
N/A
|
44
-26%
|
48
+8%
|
47
-1%
|
78
+66%
|
70
-10%
|
154
+118%
|
215
+40%
|
204
-5%
|
364
+78%
|
|
EPS (Diluted) |
0.15
N/A
|
0.14
-7%
|
0.15
+7%
|
0.15
N/A
|
0.22
+47%
|
0.2
-9%
|
0.43
+115%
|
0.6
+40%
|
0.57
-5%
|
1.01
+77%
|