American Axle & Manufacturing Holdings Inc
NYSE:AXL
Income Statement
Earnings Waterfall
American Axle & Manufacturing Holdings Inc
Revenue
|
6.1B
USD
|
Cost of Revenue
|
-5.5B
USD
|
Gross Profit
|
624.3m
USD
|
Operating Expenses
|
-452.5m
USD
|
Operating Income
|
171.8m
USD
|
Other Expenses
|
-205.4m
USD
|
Net Income
|
-33.6m
USD
|
Income Statement
American Axle & Manufacturing Holdings Inc
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 |
3 207
N/A
|
3 311
+3%
|
3 458
+4%
|
3 588
+4%
|
3 696
+3%
|
3 806
+3%
|
3 863
+2%
|
3 884
+1%
|
3 903
+0%
|
3 903
+0%
|
3 925
+1%
|
3 960
+1%
|
3 948
0%
|
4 029
+2%
|
4 761
+18%
|
5 479
+15%
|
6 266
+14%
|
7 075
+13%
|
7 218
+2%
|
7 310
+1%
|
7 270
-1%
|
7 131
-2%
|
6 935
-3%
|
6 795
-2%
|
6 531
-4%
|
6 155
-6%
|
4 966
-19%
|
4 703
-5%
|
4 711
+0%
|
4 792
+2%
|
5 560
+16%
|
5 359
-4%
|
5 157
-4%
|
5 168
+0%
|
5 323
+3%
|
5 645
+6%
|
5 802
+3%
|
5 860
+1%
|
5 993
+2%
|
6 009
+0%
|
6 080
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 729)
|
(2 814)
|
(2 935)
|
(3 049)
|
(3 173)
|
(3 253)
|
(3 294)
|
(3 297)
|
(3 268)
|
(3 247)
|
(3 241)
|
(3 254)
|
(3 222)
|
(3 266)
|
(3 873)
|
(4 474)
|
(5 147)
|
(5 850)
|
(5 978)
|
(6 101)
|
(6 130)
|
(6 085)
|
(5 971)
|
(5 851)
|
(5 628)
|
(5 280)
|
(4 438)
|
(4 173)
|
(4 128)
|
(4 178)
|
(4 657)
|
(4 540)
|
(4 434)
|
(4 485)
|
(4 657)
|
(4 967)
|
(5 098)
|
(5 181)
|
(5 309)
|
(5 373)
|
(5 455)
|
|
Gross Profit |
479
N/A
|
496
+4%
|
523
+5%
|
539
+3%
|
523
-3%
|
554
+6%
|
569
+3%
|
587
+3%
|
635
+8%
|
657
+3%
|
684
+4%
|
706
+3%
|
726
+3%
|
763
+5%
|
888
+16%
|
1 004
+13%
|
1 119
+11%
|
1 225
+9%
|
1 240
+1%
|
1 209
-2%
|
1 140
-6%
|
1 046
-8%
|
963
-8%
|
945
-2%
|
903
-4%
|
876
-3%
|
529
-40%
|
530
+0%
|
583
+10%
|
615
+5%
|
903
+47%
|
819
-9%
|
723
-12%
|
682
-6%
|
666
-2%
|
678
+2%
|
705
+4%
|
679
-4%
|
683
+1%
|
637
-7%
|
624
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(238)
|
(236)
|
(237)
|
(243)
|
(255)
|
(267)
|
(276)
|
(277)
|
(277)
|
(285)
|
(295)
|
(309)
|
(319)
|
(326)
|
(377)
|
(424)
|
(465)
|
(505)
|
(494)
|
(489)
|
(485)
|
(479)
|
(475)
|
(470)
|
(460)
|
(457)
|
(436)
|
(407)
|
(401)
|
(400)
|
(412)
|
(436)
|
(430)
|
(426)
|
(425)
|
(420)
|
(431)
|
(443)
|
(449)
|
(445)
|
(453)
|
|
Selling, General & Administrative |
(135)
|
(135)
|
(139)
|
(143)
|
(151)
|
(161)
|
(170)
|
(172)
|
(163)
|
(171)
|
(170)
|
(175)
|
(179)
|
(177)
|
(196)
|
(214)
|
(229)
|
(247)
|
(244)
|
(241)
|
(240)
|
(237)
|
(234)
|
(231)
|
(220)
|
(217)
|
(201)
|
(195)
|
(197)
|
(201)
|
(215)
|
(222)
|
(227)
|
(221)
|
(214)
|
(209)
|
(201)
|
(205)
|
(210)
|
(205)
|
(212)
|
|
Research & Development |
(103)
|
(101)
|
(98)
|
(101)
|
(104)
|
(105)
|
(105)
|
(105)
|
(114)
|
(113)
|
(124)
|
(134)
|
(140)
|
(150)
|
(156)
|
(161)
|
(162)
|
(159)
|
(152)
|
(149)
|
(146)
|
(142)
|
(141)
|
(141)
|
(145)
|
(147)
|
(146)
|
(126)
|
(117)
|
(113)
|
(111)
|
(128)
|
(117)
|
(120)
|
(125)
|
(126)
|
(144)
|
(152)
|
(154)
|
(154)
|
(155)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(25)
|
(49)
|
(75)
|
(99)
|
(99)
|
(99)
|
(99)
|
(100)
|
(100)
|
(99)
|
(95)
|
(92)
|
(89)
|
(87)
|
(87)
|
(86)
|
(86)
|
(86)
|
(86)
|
(86)
|
(86)
|
(86)
|
(86)
|
(86)
|
(86)
|
(86)
|
(86)
|
|
Operating Income |
240
N/A
|
260
+8%
|
286
+10%
|
295
+3%
|
268
-9%
|
287
+7%
|
294
+2%
|
310
+5%
|
358
+16%
|
371
+4%
|
389
+5%
|
398
+2%
|
407
+2%
|
436
+7%
|
511
+17%
|
581
+14%
|
654
+13%
|
720
+10%
|
746
+4%
|
721
-3%
|
655
-9%
|
568
-13%
|
488
-14%
|
474
-3%
|
443
-7%
|
419
-5%
|
93
-78%
|
122
+32%
|
182
+49%
|
215
+18%
|
491
+129%
|
383
-22%
|
293
-24%
|
256
-12%
|
241
-6%
|
258
+7%
|
274
+6%
|
236
-14%
|
234
-1%
|
191
-18%
|
172
-10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(115)
|
(111)
|
(107)
|
(102)
|
(98)
|
(97)
|
(97)
|
(97)
|
(97)
|
(95)
|
(93)
|
(92)
|
(91)
|
(92)
|
(127)
|
(161)
|
(193)
|
(221)
|
(218)
|
(216)
|
(214)
|
(214)
|
(216)
|
(214)
|
(212)
|
(208)
|
(203)
|
(202)
|
(201)
|
(200)
|
(196)
|
(173)
|
(160)
|
(171)
|
(167)
|
(181)
|
(183)
|
(168)
|
(169)
|
(172)
|
(177)
|
|
Non-Reccuring Items |
(37)
|
(26)
|
(26)
|
(26)
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(26)
|
(42)
|
(97)
|
(119)
|
(114)
|
(127)
|
(82)
|
(71)
|
(553)
|
(536)
|
(541)
|
(771)
|
(742)
|
(1 260)
|
(1 256)
|
(1 030)
|
(586)
|
(77)
|
(83)
|
(107)
|
(86)
|
(79)
|
(60)
|
(28)
|
(23)
|
(13)
|
(23)
|
(20)
|
(27)
|
|
Total Other Income |
(2)
|
(2)
|
1
|
0
|
7
|
9
|
10
|
17
|
12
|
11
|
11
|
5
|
9
|
7
|
(2)
|
(3)
|
(7)
|
(11)
|
1
|
(4)
|
(2)
|
0
|
(9)
|
(7)
|
(22)
|
(22)
|
(18)
|
(17)
|
(6)
|
(2)
|
(2)
|
(3)
|
(46)
|
(48)
|
(51)
|
(49)
|
(2)
|
3
|
5
|
8
|
7
|
|
Pre-Tax Income |
86
N/A
|
122
+41%
|
154
+26%
|
168
+9%
|
177
+5%
|
199
+12%
|
207
+4%
|
230
+12%
|
273
+18%
|
287
+5%
|
307
+7%
|
311
+1%
|
299
-4%
|
309
+3%
|
286
-7%
|
298
+4%
|
340
+14%
|
362
+6%
|
446
+23%
|
430
-4%
|
(114)
N/A
|
(183)
-60%
|
(277)
-52%
|
(517)
-87%
|
(533)
-3%
|
(1 070)
-101%
|
(1 385)
-30%
|
(1 126)
+19%
|
(610)
+46%
|
(65)
+89%
|
211
N/A
|
100
-53%
|
1
-99%
|
(42)
N/A
|
(37)
+12%
|
(0)
+99%
|
66
N/A
|
57
-14%
|
47
-18%
|
7
-86%
|
(25)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
8
|
(1)
|
(7)
|
(9)
|
(34)
|
(36)
|
(38)
|
(44)
|
(37)
|
(43)
|
(51)
|
(54)
|
(58)
|
(51)
|
(32)
|
(20)
|
(23)
|
(33)
|
(33)
|
(38)
|
57
|
78
|
74
|
126
|
49
|
43
|
93
|
75
|
49
|
44
|
(3)
|
(12)
|
5
|
11
|
12
|
4
|
(2)
|
1
|
(4)
|
(7)
|
(9)
|
|
Income from Continuing Operations |
95
|
121
|
147
|
160
|
143
|
163
|
169
|
186
|
236
|
244
|
256
|
257
|
241
|
258
|
253
|
278
|
318
|
329
|
414
|
391
|
(57)
|
(105)
|
(203)
|
(391)
|
(484)
|
(1 027)
|
(1 293)
|
(1 052)
|
(561)
|
(21)
|
208
|
88
|
6
|
(32)
|
(25)
|
4
|
64
|
58
|
43
|
(1)
|
(34)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
93
N/A
|
119
+28%
|
145
+22%
|
158
+9%
|
140
-11%
|
159
+13%
|
164
+3%
|
179
+9%
|
230
+29%
|
238
+3%
|
250
+5%
|
251
+0%
|
235
-6%
|
252
+7%
|
247
-2%
|
271
+10%
|
330
+21%
|
340
+3%
|
422
+24%
|
399
-5%
|
(58)
N/A
|
(105)
-82%
|
(197)
-89%
|
(383)
-94%
|
(485)
-27%
|
(1 026)
-112%
|
(1 293)
-26%
|
(1 052)
+19%
|
(561)
+47%
|
(23)
+96%
|
206
N/A
|
86
-58%
|
6
-93%
|
(31)
N/A
|
(24)
+21%
|
4
N/A
|
62
+1 521%
|
55
-10%
|
42
-25%
|
(1)
N/A
|
(34)
-2 485%
|
|
EPS (Diluted) |
1.3
N/A
|
1.54
+18%
|
1.87
+21%
|
2.03
+9%
|
1.85
-9%
|
2.08
+12%
|
2.14
+3%
|
2.35
+10%
|
3.02
+29%
|
3.12
+3%
|
3.27
+5%
|
3.27
N/A
|
3.06
-6%
|
3.26
+7%
|
2.25
-31%
|
2.42
+8%
|
3.2
+32%
|
3.04
-5%
|
3.75
+23%
|
3.54
-6%
|
-0.52
N/A
|
-0.92
-77%
|
-1.73
-88%
|
-3.42
-98%
|
-4.31
-26%
|
-9.12
-112%
|
-11.43
-25%
|
-9.28
+19%
|
-4.96
+47%
|
-0.21
+96%
|
1.81
N/A
|
0.76
-58%
|
0.05
-93%
|
-0.27
N/A
|
-0.21
+22%
|
0.03
N/A
|
0.53
+1 667%
|
0.48
-9%
|
0.36
-25%
|
-0.01
N/A
|
-0.29
-2 800%
|