TPI Composites Inc
NASDAQ:TPIC
Income Statement
Earnings Waterfall
TPI Composites Inc
Revenue
|
1.5B
USD
|
Cost of Revenue
|
-1.5B
USD
|
Gross Profit
|
-87.5m
USD
|
Operating Expenses
|
-49.1m
USD
|
Operating Income
|
-136.7m
USD
|
Other Expenses
|
-40.9m
USD
|
Net Income
|
-177.6m
USD
|
Income Statement
TPI Composites Inc
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 |
349
N/A
|
511
+46%
|
586
+15%
|
666
+14%
|
711
+7%
|
748
+5%
|
769
+3%
|
787
+2%
|
833
+6%
|
887
+7%
|
955
+8%
|
1 001
+5%
|
992
-1%
|
993
+0%
|
1 030
+4%
|
1 076
+4%
|
1 176
+9%
|
1 305
+11%
|
1 437
+10%
|
1 493
+4%
|
1 536
+3%
|
1 627
+6%
|
1 143
-30%
|
1 191
+4%
|
1 276
+7%
|
1 282
+0%
|
1 472
+15%
|
1 411
-4%
|
1 345
-5%
|
1 250
-7%
|
1 523
+22%
|
1 407
-8%
|
1 396
-1%
|
1 385
-1%
|
1 455
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(338)
|
(492)
|
(544)
|
(612)
|
(646)
|
(669)
|
(682)
|
(703)
|
(742)
|
(788)
|
(845)
|
(882)
|
(888)
|
(903)
|
(957)
|
(1 032)
|
(1 125)
|
(1 245)
|
(1 359)
|
(1 418)
|
(1 488)
|
(1 564)
|
(1 159)
|
(1 196)
|
(1 268)
|
(1 321)
|
(1 510)
|
(1 455)
|
(1 398)
|
(1 297)
|
(1 508)
|
(1 401)
|
(1 436)
|
(1 434)
|
(1 543)
|
|
Gross Profit |
11
N/A
|
19
+69%
|
42
+118%
|
54
+30%
|
65
+20%
|
79
+22%
|
87
+10%
|
84
-3%
|
91
+8%
|
99
+9%
|
111
+12%
|
119
+8%
|
104
-12%
|
91
-13%
|
73
-20%
|
43
-41%
|
51
+17%
|
60
+18%
|
78
+30%
|
75
-3%
|
48
-36%
|
63
+30%
|
(16)
N/A
|
(5)
+69%
|
8
N/A
|
(40)
N/A
|
(38)
+5%
|
(44)
-17%
|
(53)
-22%
|
(47)
+11%
|
15
N/A
|
7
-53%
|
(39)
N/A
|
(50)
-26%
|
(88)
-77%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1)
|
(4)
|
(14)
|
(16)
|
(18)
|
(29)
|
(34)
|
(42)
|
(43)
|
(38)
|
(40)
|
(43)
|
(43)
|
(44)
|
(48)
|
(51)
|
(46)
|
(46)
|
(40)
|
(42)
|
(39)
|
(38)
|
(33)
|
(33)
|
(33)
|
(32)
|
(29)
|
(28)
|
(28)
|
(28)
|
(32)
|
(31)
|
(32)
|
(52)
|
(49)
|
|
Selling, General & Administrative |
(15)
|
(19)
|
(14)
|
(16)
|
(18)
|
(29)
|
(32)
|
(37)
|
(42)
|
(37)
|
(39)
|
(42)
|
(42)
|
(43)
|
(47)
|
(46)
|
(44)
|
(45)
|
(39)
|
(40)
|
(38)
|
(37)
|
(33)
|
(32)
|
(32)
|
(31)
|
(28)
|
(28)
|
(28)
|
(28)
|
(31)
|
(32)
|
(32)
|
(52)
|
(48)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
|
Other Operating Expenses |
15
|
15
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
11
N/A
|
15
+41%
|
28
+83%
|
39
+39%
|
47
+21%
|
50
+8%
|
53
+5%
|
42
-21%
|
48
+15%
|
61
+27%
|
70
+15%
|
76
+8%
|
61
-20%
|
47
-23%
|
25
-47%
|
(8)
N/A
|
5
N/A
|
13
+159%
|
38
+187%
|
34
-11%
|
9
-74%
|
25
+179%
|
(50)
N/A
|
(38)
+24%
|
(25)
+35%
|
(71)
-188%
|
(67)
+6%
|
(72)
-8%
|
(82)
-13%
|
(75)
+8%
|
(18)
+76%
|
(25)
-40%
|
(71)
-187%
|
(102)
-43%
|
(137)
-34%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(10)
|
(15)
|
(16)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(17)
|
(17)
|
(20)
|
(19)
|
(26)
|
(24)
|
(22)
|
(22)
|
(10)
|
(12)
|
(7)
|
(9)
|
(30)
|
(25)
|
(30)
|
(35)
|
(13)
|
(36)
|
(30)
|
(16)
|
(10)
|
(1)
|
(11)
|
(19)
|
(28)
|
(17)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
(5)
|
(5)
|
0
|
0
|
(3)
|
(3)
|
(3)
|
0
|
(9)
|
(12)
|
(22)
|
(22)
|
(15)
|
(14)
|
(6)
|
(6)
|
(8)
|
(14)
|
(25)
|
(25)
|
(23)
|
(17)
|
(10)
|
(9)
|
(15)
|
(20)
|
(27)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
4
|
5
|
5
|
5
|
3
|
4
|
4
|
4
|
4
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
|
Pre-Tax Income |
1
N/A
|
0
-63%
|
12
+3 800%
|
22
+84%
|
30
+38%
|
33
+12%
|
31
-8%
|
24
-21%
|
26
+7%
|
41
+58%
|
55
+32%
|
58
+6%
|
40
-30%
|
21
-47%
|
2
-90%
|
(25)
N/A
|
(21)
+18%
|
(6)
+73%
|
7
N/A
|
9
+16%
|
(11)
N/A
|
(15)
-41%
|
(78)
-427%
|
(71)
+8%
|
(66)
+8%
|
(98)
-49%
|
(126)
-29%
|
(126)
+0%
|
(119)
+5%
|
(101)
+15%
|
(26)
+74%
|
(43)
-66%
|
(103)
-140%
|
(148)
-43%
|
(179)
-21%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(4)
|
(4)
|
(6)
|
(7)
|
(6)
|
(4)
|
(7)
|
(11)
|
(7)
|
72
|
73
|
76
|
83
|
3
|
10
|
11
|
(18)
|
(23)
|
(13)
|
(62)
|
(10)
|
(7)
|
(15)
|
5
|
(36)
|
(30)
|
(40)
|
(17)
|
(12)
|
(30)
|
(23)
|
(17)
|
(22)
|
(18)
|
|
Income from Continuing Operations |
(1)
|
(3)
|
8
|
15
|
23
|
28
|
27
|
17
|
15
|
34
|
127
|
130
|
117
|
104
|
5
|
(16)
|
(10)
|
(24)
|
(16)
|
(4)
|
(72)
|
(25)
|
(85)
|
(87)
|
(60)
|
(134)
|
(156)
|
(166)
|
(136)
|
(113)
|
(56)
|
(65)
|
(120)
|
(170)
|
(196)
|
|
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
|
|
Net Income (Common) |
(8)
N/A
|
(13)
-54%
|
(2)
+87%
|
6
N/A
|
13
+132%
|
20
+52%
|
22
+10%
|
14
-34%
|
15
+4%
|
34
+133%
|
39
+13%
|
42
+9%
|
28
-33%
|
16
-43%
|
5
-67%
|
(16)
N/A
|
(10)
+38%
|
(24)
-147%
|
(16)
+34%
|
(4)
+73%
|
(72)
-1 617%
|
(25)
+65%
|
(19)
+24%
|
(20)
-7%
|
6
N/A
|
(67)
N/A
|
(166)
-147%
|
(194)
-17%
|
(174)
+10%
|
(160)
+8%
|
(124)
+22%
|
(132)
-6%
|
(192)
-46%
|
(249)
-29%
|
(178)
+29%
|
|
EPS (Diluted) |
-0.26
N/A
|
-3.07
-1 081%
|
-0.05
+98%
|
0.17
N/A
|
0.39
+129%
|
0.71
+82%
|
1.22
+72%
|
0.43
-65%
|
0.44
+2%
|
0.98
+123%
|
1.1
+12%
|
1.18
+7%
|
0.83
-30%
|
0.44
-47%
|
0.15
-66%
|
-0.44
N/A
|
-0.26
+41%
|
-0.69
-165%
|
-0.45
+35%
|
-0.11
+76%
|
-2.03
-1 745%
|
-0.67
+67%
|
-0.53
+21%
|
-0.55
-4%
|
0.16
N/A
|
-1.8
N/A
|
-4.42
-146%
|
-4.62
-5%
|
-4.14
+10%
|
-3.8
+8%
|
-2.95
+22%
|
-3.11
-5%
|
-4.52
-45%
|
-5.83
-29%
|
-4.16
+29%
|