Gates Industrial Corporation PLC
NYSE:GTES
Income Statement
Earnings Waterfall
Gates Industrial Corporation PLC
Revenue
|
3.6B
USD
|
Cost of Revenue
|
-2.2B
USD
|
Gross Profit
|
1.4B
USD
|
Operating Expenses
|
-870m
USD
|
Operating Income
|
496.7m
USD
|
Other Expenses
|
-263.8m
USD
|
Net Income
|
232.9m
USD
|
Income Statement
Gates Industrial Corporation PLC
Jul-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 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||
Revenue |
2 843
N/A
|
2 928
+3%
|
3 042
+4%
|
3 164
+4%
|
3 270
+3%
|
3 337
+2%
|
3 348
+0%
|
3 301
-1%
|
3 235
-2%
|
3 154
-3%
|
3 087
-2%
|
2 992
-3%
|
2 759
-8%
|
2 725
-1%
|
2 793
+3%
|
2 964
+6%
|
3 303
+11%
|
3 453
+5%
|
3 474
+1%
|
3 487
+0%
|
3 478
0%
|
3 477
0%
|
3 554
+2%
|
3 559
+0%
|
3 588
+1%
|
3 600
+0%
|
3 570
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||
Cost of Revenue |
(1 726)
|
(1 767)
|
(1 824)
|
(1 896)
|
(1 963)
|
(2 015)
|
(2 017)
|
(1 999)
|
(1 989)
|
(1 962)
|
(1 945)
|
(1 901)
|
(1 765)
|
(1 729)
|
(1 756)
|
(1 839)
|
(2 015)
|
(2 098)
|
(2 134)
|
(2 179)
|
(2 208)
|
(2 230)
|
(2 282)
|
(2 273)
|
(2 282)
|
(2 275)
|
(2 204)
|
|
Gross Profit |
1 117
N/A
|
1 160
+4%
|
1 218
+5%
|
1 267
+4%
|
1 306
+3%
|
1 323
+1%
|
1 331
+1%
|
1 302
-2%
|
1 246
-4%
|
1 191
-4%
|
1 143
-4%
|
1 091
-4%
|
994
-9%
|
995
+0%
|
1 037
+4%
|
1 125
+9%
|
1 288
+14%
|
1 355
+5%
|
1 341
-1%
|
1 308
-2%
|
1 271
-3%
|
1 247
-2%
|
1 272
+2%
|
1 286
+1%
|
1 306
+2%
|
1 326
+2%
|
1 367
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||
Operating Expenses |
(747)
|
(763)
|
(779)
|
(804)
|
(818)
|
(827)
|
(820)
|
(811)
|
(798)
|
(784)
|
(786)
|
(778)
|
(757)
|
(756)
|
(768)
|
(784)
|
(819)
|
(834)
|
(843)
|
(866)
|
(862)
|
(854)
|
(853)
|
(839)
|
(850)
|
(863)
|
(870)
|
|
Selling, General & Administrative |
(744)
|
(760)
|
(780)
|
(800)
|
(811)
|
(815)
|
(806)
|
(798)
|
(786)
|
(775)
|
(777)
|
(770)
|
(754)
|
(755)
|
(769)
|
(787)
|
(819)
|
(844)
|
(781)
|
(876)
|
(870)
|
(853)
|
(784)
|
(839)
|
(850)
|
(863)
|
(804)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(71)
|
0
|
0
|
0
|
(69)
|
0
|
0
|
0
|
(66)
|
|
Other Operating Expenses |
(3)
|
(3)
|
0
|
(4)
|
(7)
|
(12)
|
(14)
|
(13)
|
(12)
|
(8)
|
(9)
|
(9)
|
(3)
|
(1)
|
1
|
3
|
0
|
10
|
9
|
9
|
9
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
|
Operating Income |
371
N/A
|
397
+7%
|
439
+10%
|
464
+6%
|
489
+5%
|
496
+1%
|
511
+3%
|
491
-4%
|
448
-9%
|
408
-9%
|
356
-13%
|
313
-12%
|
237
-24%
|
239
+1%
|
269
+13%
|
341
+27%
|
469
+38%
|
521
+11%
|
498
-4%
|
441
-11%
|
409
-7%
|
393
-4%
|
419
+7%
|
447
+7%
|
456
+2%
|
463
+1%
|
497
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||
Interest Income Expense |
(232)
|
(233)
|
(235)
|
(239)
|
(210)
|
(195)
|
(176)
|
(154)
|
(154)
|
(151)
|
(151)
|
(156)
|
(152)
|
(153)
|
(145)
|
(152)
|
(151)
|
(149)
|
(138)
|
(138)
|
(145)
|
(146)
|
(126)
|
(132)
|
(134)
|
(132)
|
(150)
|
|
Non-Reccuring Items |
(20)
|
(25)
|
(38)
|
(39)
|
(37)
|
(29)
|
(14)
|
(13)
|
(9)
|
(9)
|
(9)
|
(8)
|
(30)
|
(45)
|
(58)
|
(60)
|
(42)
|
(27)
|
(14)
|
(17)
|
(21)
|
(33)
|
(35)
|
(44)
|
(37)
|
(22)
|
(34)
|
|
Total Other Income |
(26)
|
(41)
|
(56)
|
(73)
|
(38)
|
(28)
|
(17)
|
3
|
2
|
7
|
3
|
9
|
11
|
13
|
5
|
13
|
11
|
8
|
4
|
3
|
2
|
1
|
(1)
|
(2)
|
(7)
|
(13)
|
(27)
|
|
Pre-Tax Income |
93
N/A
|
98
+5%
|
110
+12%
|
112
+2%
|
204
+82%
|
244
+20%
|
304
+24%
|
328
+8%
|
288
-12%
|
255
-11%
|
199
-22%
|
157
-21%
|
66
-58%
|
54
-19%
|
71
+32%
|
143
+101%
|
287
+101%
|
353
+23%
|
350
-1%
|
290
-17%
|
244
-16%
|
216
-12%
|
258
+19%
|
269
+4%
|
278
+3%
|
297
+7%
|
285
-4%
|
|
Net Income | ||||||||||||||||||||||||||||
Tax Provision |
(26)
|
(39)
|
(46)
|
(45)
|
(52)
|
(46)
|
(35)
|
517
|
491
|
496
|
496
|
(28)
|
9
|
30
|
19
|
(16)
|
(27)
|
(60)
|
(18)
|
3
|
2
|
8
|
(15)
|
(32)
|
(30)
|
(19)
|
(28)
|
|
Income from Continuing Operations |
67
|
59
|
64
|
67
|
152
|
198
|
269
|
844
|
778
|
752
|
695
|
130
|
75
|
83
|
90
|
127
|
260
|
293
|
331
|
292
|
246
|
224
|
243
|
236
|
248
|
278
|
257
|
|
Income to Minority Interest |
(27)
|
(25)
|
(31)
|
(29)
|
(29)
|
(30)
|
(26)
|
(12)
|
(10)
|
(5)
|
(4)
|
(17)
|
(7)
|
(8)
|
(11)
|
(15)
|
(30)
|
(34)
|
(34)
|
(32)
|
(29)
|
(25)
|
(22)
|
(20)
|
(20)
|
(23)
|
(24)
|
|
Equity Earnings Affiliates |
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) |
52
N/A
|
42
-19%
|
151
+257%
|
157
+4%
|
242
+54%
|
289
+19%
|
245
-15%
|
835
+240%
|
771
-8%
|
746
-3%
|
690
-8%
|
112
-84%
|
68
-39%
|
75
+9%
|
79
+7%
|
111
+40%
|
230
+107%
|
259
+12%
|
297
+15%
|
261
-12%
|
217
-17%
|
199
-8%
|
221
+11%
|
216
-2%
|
228
+5%
|
255
+12%
|
233
-9%
|
|
EPS (Diluted) |
0.16
N/A
|
0.14
-13%
|
0.6
+329%
|
0.55
-8%
|
0.81
+47%
|
0.96
+19%
|
0.83
-14%
|
2.82
+240%
|
2.64
-6%
|
2.56
-3%
|
2.37
-7%
|
0.38
-84%
|
0.23
-39%
|
0.25
+9%
|
0.27
+8%
|
0.37
+37%
|
0.77
+108%
|
0.86
+12%
|
1
+16%
|
0.88
-12%
|
0.75
-15%
|
0.68
-9%
|
0.77
+13%
|
0.76
-1%
|
0.8
+5%
|
0.95
+19%
|
0.85
-11%
|