Horizon Global Corp
NYSE:HZN
Income Statement
Earnings Waterfall
Horizon Global Corp
Revenue
|
675.3m
USD
|
Cost of Revenue
|
-601.8m
USD
|
Gross Profit
|
73.6m
USD
|
Operating Expenses
|
-123.3m
USD
|
Operating Income
|
-49.7m
USD
|
Other Expenses
|
-40.4m
USD
|
Net Income
|
-90.1m
USD
|
Income Statement
Horizon Global Corp
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||
Revenue |
612
N/A
|
606
-1%
|
586
-3%
|
582
-1%
|
576
-1%
|
579
+1%
|
589
+2%
|
587
0%
|
649
+11%
|
706
+9%
|
792
+12%
|
881
+11%
|
893
+1%
|
907
+2%
|
818
-10%
|
772
-6%
|
714
-8%
|
675
-5%
|
702
+4%
|
686
-2%
|
691
+1%
|
676
-2%
|
604
-11%
|
628
+4%
|
661
+5%
|
697
+5%
|
799
+15%
|
794
-1%
|
782
-1%
|
764
-2%
|
723
-5%
|
675
-7%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||
Cost of Revenue |
(464)
|
(458)
|
(448)
|
(444)
|
(433)
|
(434)
|
(435)
|
(429)
|
(489)
|
(538)
|
(602)
|
(675)
|
(685)
|
(706)
|
(654)
|
(632)
|
(605)
|
(580)
|
(602)
|
(592)
|
(594)
|
(577)
|
(523)
|
(532)
|
(541)
|
(562)
|
(635)
|
(634)
|
(640)
|
(642)
|
(627)
|
(602)
|
|
Gross Profit |
148
N/A
|
148
0%
|
139
-6%
|
139
0%
|
143
+3%
|
145
+2%
|
153
+5%
|
158
+3%
|
160
+1%
|
168
+5%
|
190
+13%
|
206
+8%
|
208
+1%
|
201
-3%
|
164
-18%
|
140
-15%
|
110
-22%
|
95
-14%
|
100
+5%
|
94
-6%
|
96
+3%
|
99
+3%
|
81
-18%
|
96
+19%
|
121
+26%
|
135
+12%
|
164
+22%
|
160
-3%
|
143
-11%
|
122
-14%
|
96
-22%
|
74
-23%
|
|
Operating Income | |||||||||||||||||||||||||||||||||
Operating Expenses |
(123)
|
(124)
|
(122)
|
(121)
|
(121)
|
(119)
|
(121)
|
(128)
|
(145)
|
(162)
|
(173)
|
(182)
|
(172)
|
(174)
|
(179)
|
(171)
|
(171)
|
(161)
|
(147)
|
(150)
|
(154)
|
(149)
|
(141)
|
(135)
|
(127)
|
(128)
|
(138)
|
(136)
|
(135)
|
(135)
|
(130)
|
(123)
|
|
Selling, General & Administrative |
(114)
|
(114)
|
(113)
|
(112)
|
(113)
|
(111)
|
(112)
|
(119)
|
(136)
|
(152)
|
(163)
|
(171)
|
(161)
|
(163)
|
(171)
|
(163)
|
(164)
|
(154)
|
(138)
|
(142)
|
(146)
|
(141)
|
(133)
|
(128)
|
(122)
|
(123)
|
(133)
|
(131)
|
(130)
|
(131)
|
(128)
|
(122)
|
|
Depreciation & Amortization |
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
|
Other Operating Expenses |
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
|
(4)
|
(3)
|
0
|
|
Operating Income |
25
N/A
|
24
-5%
|
17
-30%
|
18
+5%
|
22
+23%
|
26
+19%
|
33
+25%
|
30
-6%
|
15
-51%
|
6
-57%
|
17
+166%
|
24
+41%
|
36
+50%
|
27
-26%
|
(15)
N/A
|
(31)
-114%
|
(62)
-97%
|
(67)
-8%
|
(47)
+30%
|
(57)
-21%
|
(58)
-2%
|
(50)
+14%
|
(61)
-21%
|
(39)
+36%
|
(7)
+83%
|
7
N/A
|
26
+293%
|
24
-9%
|
7
-69%
|
(13)
N/A
|
(35)
-165%
|
(50)
-43%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(5)
|
(9)
|
(13)
|
(17)
|
(17)
|
(20)
|
(22)
|
(23)
|
(24)
|
(22)
|
(23)
|
(23)
|
(25)
|
(28)
|
(34)
|
(42)
|
(59)
|
(59)
|
(56)
|
(50)
|
(33)
|
(31)
|
(30)
|
(28)
|
(30)
|
(32)
|
(32)
|
(37)
|
(44)
|
|
Non-Reccuring Items |
(1)
|
0
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(9)
|
(13)
|
(11)
|
(11)
|
(6)
|
(45)
|
(101)
|
(127)
|
(129)
|
(88)
|
(32)
|
(5)
|
(3)
|
(1)
|
(1)
|
(1)
|
(0)
|
(12)
|
(14)
|
(14)
|
(7)
|
1
|
3
|
3
|
|
Total Other Income |
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(8)
|
(8)
|
(13)
|
(12)
|
(7)
|
(8)
|
(1)
|
(1)
|
(1)
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
|
Pre-Tax Income |
21
N/A
|
20
-5%
|
10
-49%
|
6
-37%
|
7
+11%
|
8
+9%
|
9
+24%
|
8
-18%
|
(17)
N/A
|
(31)
-88%
|
(19)
+39%
|
(14)
+26%
|
5
N/A
|
(44)
N/A
|
(146)
-236%
|
(191)
-31%
|
(231)
-21%
|
(200)
+13%
|
(128)
+36%
|
(128)
N/A
|
(121)
+5%
|
(108)
+11%
|
(112)
-4%
|
(72)
+36%
|
(39)
+46%
|
(37)
+6%
|
(18)
+52%
|
(22)
-23%
|
(33)
-53%
|
(46)
-38%
|
(70)
-53%
|
(92)
-32%
|
|
Net Income | |||||||||||||||||||||||||||||||||
Tax Provision |
(5)
|
(5)
|
(4)
|
1
|
1
|
2
|
5
|
0
|
4
|
6
|
7
|
8
|
2
|
3
|
13
|
15
|
12
|
9
|
(2)
|
(2)
|
11
|
11
|
9
|
8
|
2
|
1
|
(1)
|
(1)
|
0
|
1
|
2
|
1
|
|
Income from Continuing Operations |
15
|
14
|
6
|
7
|
8
|
9
|
14
|
8
|
(13)
|
(25)
|
(12)
|
(6)
|
7
|
(41)
|
(133)
|
(177)
|
(219)
|
(191)
|
(129)
|
(130)
|
(110)
|
(97)
|
(103)
|
(64)
|
(37)
|
(36)
|
(18)
|
(23)
|
(33)
|
(45)
|
(68)
|
(91)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Net Income (Common) |
15
N/A
|
14
-6%
|
6
-60%
|
7
+21%
|
8
+20%
|
9
+8%
|
14
+56%
|
8
-42%
|
(12)
N/A
|
(25)
-98%
|
(12)
+53%
|
(5)
+57%
|
(4)
+30%
|
(51)
-1 360%
|
(138)
-171%
|
(178)
-29%
|
(204)
-15%
|
(172)
+16%
|
(113)
+34%
|
66
N/A
|
81
+23%
|
89
+10%
|
81
-9%
|
(63)
N/A
|
(37)
+42%
|
(35)
+5%
|
(17)
+51%
|
(21)
-26%
|
(32)
-48%
|
(44)
-37%
|
(67)
-54%
|
(90)
-34%
|
|
EPS (Diluted) |
0.85
N/A
|
0.8
-6%
|
0.32
-60%
|
0.38
+19%
|
0.47
+24%
|
0.5
+6%
|
0.78
+56%
|
0.44
-44%
|
-0.6
N/A
|
-1.03
-72%
|
-0.45
+56%
|
-0.2
+56%
|
-0.14
+30%
|
-2.04
-1 357%
|
-5.44
-167%
|
-7.09
-30%
|
-8.13
-15%
|
-6.81
+16%
|
-4.46
+35%
|
2.59
N/A
|
3.18
+23%
|
3.51
+10%
|
3.16
-10%
|
-1.88
N/A
|
-1.39
+26%
|
-1.3
+6%
|
-0.52
+60%
|
-0.78
-50%
|
-1.16
-49%
|
-1.59
-37%
|
-2.43
-53%
|
-3.25
-34%
|