A O Smith Corp
NYSE:AOS
Income Statement
Earnings Waterfall
A O Smith Corp
Revenue
|
3.9B
USD
|
Cost of Revenue
|
-2.4B
USD
|
Gross Profit
|
1.5B
USD
|
Operating Expenses
|
-720.5m
USD
|
Operating Income
|
764.3m
USD
|
Other Expenses
|
-207.7m
USD
|
Net Income
|
556.6m
USD
|
Income Statement
A O Smith 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 |
2 154
N/A
|
2 196
+2%
|
2 243
+2%
|
2 288
+2%
|
2 356
+3%
|
2 422
+3%
|
2 480
+2%
|
2 524
+2%
|
2 537
+0%
|
2 555
+1%
|
2 568
+1%
|
2 627
+2%
|
2 686
+2%
|
2 789
+4%
|
2 860
+3%
|
2 926
+2%
|
2 997
+2%
|
3 045
+2%
|
3 140
+3%
|
3 144
+0%
|
3 188
+1%
|
3 148
-1%
|
3 080
-2%
|
3 054
-1%
|
2 993
-2%
|
2 881
-4%
|
2 780
-4%
|
2 812
+1%
|
2 895
+3%
|
3 027
+5%
|
3 223
+6%
|
3 378
+5%
|
3 539
+5%
|
3 748
+6%
|
3 854
+3%
|
3 813
-1%
|
3 754
-2%
|
3 743
0%
|
3 738
0%
|
3 801
+2%
|
3 853
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 380)
|
(1 406)
|
(1 434)
|
(1 461)
|
(1 497)
|
(1 530)
|
(1 541)
|
(1 543)
|
(1 527)
|
(1 512)
|
(1 505)
|
(1 537)
|
(1 572)
|
(1 630)
|
(1 682)
|
(1 727)
|
(1 764)
|
(1 793)
|
(1 850)
|
(1 853)
|
(1 882)
|
(1 871)
|
(1 836)
|
(1 832)
|
(1 812)
|
(1 754)
|
(1 714)
|
(1 733)
|
(1 787)
|
(1 870)
|
(1 992)
|
(2 104)
|
(2 228)
|
(2 384)
|
(2 477)
|
(2 472)
|
(2 424)
|
(2 381)
|
(2 325)
|
(2 337)
|
(2 368)
|
|
Gross Profit |
774
N/A
|
790
+2%
|
809
+2%
|
827
+2%
|
859
+4%
|
893
+4%
|
940
+5%
|
981
+4%
|
1 010
+3%
|
1 043
+3%
|
1 064
+2%
|
1 090
+3%
|
1 114
+2%
|
1 159
+4%
|
1 178
+2%
|
1 200
+2%
|
1 232
+3%
|
1 252
+2%
|
1 290
+3%
|
1 291
+0%
|
1 306
+1%
|
1 277
-2%
|
1 245
-3%
|
1 223
-2%
|
1 181
-3%
|
1 127
-5%
|
1 066
-5%
|
1 079
+1%
|
1 108
+3%
|
1 157
+4%
|
1 231
+6%
|
1 274
+4%
|
1 311
+3%
|
1 364
+4%
|
1 377
+1%
|
1 342
-3%
|
1 330
-1%
|
1 362
+2%
|
1 412
+4%
|
1 464
+4%
|
1 485
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(521)
|
(531)
|
(537)
|
(549)
|
(567)
|
(582)
|
(603)
|
(607)
|
(600)
|
(613)
|
(613)
|
(628)
|
(644)
|
(672)
|
(686)
|
(695)
|
(702)
|
(709)
|
(729)
|
(731)
|
(733)
|
(725)
|
(705)
|
(701)
|
(698)
|
(688)
|
(667)
|
(655)
|
(649)
|
(649)
|
(659)
|
(675)
|
(681)
|
(703)
|
(701)
|
(686)
|
(1 097)
|
(1 096)
|
(1 101)
|
(1 120)
|
(721)
|
|
Selling, General & Administrative |
(525)
|
(535)
|
(541)
|
(553)
|
(572)
|
(588)
|
(611)
|
(616)
|
(611)
|
(623)
|
(623)
|
(637)
|
(663)
|
(682)
|
(701)
|
(713)
|
(723)
|
(734)
|
(751)
|
(752)
|
(754)
|
(746)
|
(727)
|
(722)
|
(716)
|
(705)
|
(682)
|
(669)
|
(660)
|
(653)
|
(670)
|
(688)
|
(701)
|
(715)
|
(708)
|
(686)
|
(671)
|
(678)
|
(692)
|
(711)
|
(727)
|
|
Other Operating Expenses |
4
|
4
|
5
|
5
|
5
|
7
|
8
|
9
|
11
|
10
|
10
|
9
|
18
|
10
|
15
|
19
|
21
|
25
|
22
|
21
|
21
|
21
|
22
|
21
|
18
|
17
|
15
|
14
|
11
|
4
|
12
|
14
|
20
|
12
|
8
|
0
|
(426)
|
(418)
|
(409)
|
(409)
|
7
|
|
Operating Income |
253
N/A
|
259
+2%
|
272
+5%
|
279
+3%
|
292
+5%
|
311
+6%
|
337
+8%
|
375
+11%
|
410
+9%
|
431
+5%
|
451
+5%
|
463
+3%
|
470
+2%
|
487
+4%
|
492
+1%
|
505
+3%
|
531
+5%
|
543
+2%
|
561
+3%
|
560
0%
|
573
+2%
|
552
-4%
|
539
-2%
|
522
-3%
|
483
-7%
|
439
-9%
|
399
-9%
|
424
+6%
|
459
+8%
|
508
+11%
|
573
+13%
|
600
+5%
|
630
+5%
|
661
+5%
|
676
+2%
|
656
-3%
|
233
-64%
|
266
+14%
|
312
+17%
|
344
+10%
|
764
+122%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(6)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(11)
|
(10)
|
(9)
|
(7)
|
(6)
|
(5)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(9)
|
(12)
|
(14)
|
(14)
|
(12)
|
|
Non-Reccuring Items |
(11)
|
(9)
|
(5)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(7)
|
(7)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(8)
|
(8)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
(16)
|
(16)
|
(16)
|
(19)
|
|
Pre-Tax Income |
236
N/A
|
244
+3%
|
262
+7%
|
270
+3%
|
287
+6%
|
305
+6%
|
329
+8%
|
367
+12%
|
403
+10%
|
423
+5%
|
444
+5%
|
455
+3%
|
463
+2%
|
479
+4%
|
483
+1%
|
496
+3%
|
521
+5%
|
526
+1%
|
544
+3%
|
544
0%
|
558
+3%
|
544
-2%
|
530
-3%
|
511
-4%
|
472
-8%
|
428
-9%
|
383
-11%
|
408
+6%
|
444
+9%
|
502
+13%
|
567
+13%
|
596
+5%
|
626
+5%
|
656
+5%
|
670
+2%
|
648
-3%
|
224
-65%
|
238
+7%
|
282
+18%
|
314
+11%
|
734
+134%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(67)
|
(67)
|
(69)
|
(73)
|
(79)
|
(85)
|
(96)
|
(111)
|
(120)
|
(125)
|
(130)
|
(132)
|
(136)
|
(139)
|
(137)
|
(140)
|
(143)
|
(136)
|
(132)
|
(121)
|
(114)
|
(109)
|
(108)
|
(106)
|
(102)
|
(96)
|
(85)
|
(91)
|
(99)
|
(111)
|
(125)
|
(128)
|
(139)
|
(147)
|
(153)
|
(153)
|
12
|
4
|
(8)
|
(15)
|
(177)
|
|
Income from Continuing Operations |
170
|
177
|
193
|
197
|
208
|
220
|
233
|
256
|
283
|
298
|
314
|
324
|
327
|
341
|
346
|
357
|
378
|
389
|
412
|
422
|
444
|
435
|
422
|
405
|
370
|
332
|
298
|
316
|
345
|
391
|
441
|
468
|
487
|
509
|
517
|
495
|
236
|
243
|
274
|
299
|
557
|
|
Net Income (Common) |
170
N/A
|
177
+5%
|
193
+9%
|
197
+2%
|
208
+5%
|
220
+6%
|
233
+6%
|
256
+10%
|
283
+10%
|
298
+5%
|
314
+5%
|
324
+3%
|
327
+1%
|
341
+4%
|
346
+2%
|
357
+3%
|
297
-17%
|
308
+4%
|
330
+7%
|
341
+3%
|
444
+30%
|
435
-2%
|
422
-3%
|
405
-4%
|
370
-9%
|
332
-10%
|
298
-10%
|
316
+6%
|
345
+9%
|
391
+13%
|
441
+13%
|
468
+6%
|
487
+4%
|
509
+5%
|
517
+2%
|
495
-4%
|
236
-52%
|
243
+3%
|
274
+13%
|
299
+9%
|
557
+86%
|
|
EPS (Diluted) |
0.92
N/A
|
0.97
+5%
|
1.05
+8%
|
1.08
+3%
|
1.14
+6%
|
1.2
+5%
|
1.29
+8%
|
1.42
+10%
|
1.58
+11%
|
1.67
+6%
|
1.76
+5%
|
1.82
+3%
|
1.85
+2%
|
1.93
+4%
|
1.97
+2%
|
2.04
+4%
|
1.69
-17%
|
1.77
+5%
|
1.9
+7%
|
1.97
+4%
|
2.58
+31%
|
2.57
0%
|
2.51
-2%
|
2.44
-3%
|
2.22
-9%
|
2.04
-8%
|
1.83
-10%
|
1.95
+7%
|
2.12
+9%
|
2.41
+14%
|
2.72
+13%
|
2.91
+7%
|
3.02
+4%
|
3.21
+6%
|
3.3
+3%
|
3.19
-3%
|
1.51
-53%
|
1.59
+5%
|
1.8
+13%
|
1.99
+11%
|
3.69
+85%
|