Meredith Corp
NYSE:MDP
Income Statement
Earnings Waterfall
Meredith Corp
Revenue
|
3B
USD
|
Cost of Revenue
|
-1B
USD
|
Gross Profit
|
1.9B
USD
|
Operating Expenses
|
-1.4B
USD
|
Operating Income
|
524.7m
USD
|
Other Expenses
|
-235.6m
USD
|
Net Income
|
289.1m
USD
|
Income Statement
Meredith Corp
Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
1 348
N/A
|
1 355
+0%
|
1 377
+2%
|
1 403
+2%
|
1 435
+2%
|
1 459
+2%
|
1 471
+1%
|
1 474
+0%
|
1 467
0%
|
1 465
0%
|
1 469
+0%
|
1 483
+1%
|
1 528
+3%
|
1 559
+2%
|
1 594
+2%
|
1 608
+1%
|
1 615
+0%
|
1 640
+2%
|
1 650
+1%
|
1 665
+1%
|
1 701
+2%
|
1 704
+0%
|
1 713
+1%
|
1 706
0%
|
1 681
-1%
|
1 907
+13%
|
2 264
+19%
|
2 646
+17%
|
3 107
+17%
|
3 206
+3%
|
3 210
+0%
|
3 161
-2%
|
3 093
-2%
|
3 045
-2%
|
2 849
-6%
|
2 817
-1%
|
2 908
+3%
|
2 871
-1%
|
2 977
+4%
|
2 993
+1%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(539)
|
(541)
|
(548)
|
(551)
|
(557)
|
(562)
|
(561)
|
(561)
|
(559)
|
(563)
|
(567)
|
(568)
|
(576)
|
(586)
|
(599)
|
(610)
|
(621)
|
(623)
|
(611)
|
(608)
|
(606)
|
(599)
|
(603)
|
(609)
|
(619)
|
(719)
|
(866)
|
(1 000)
|
(1 147)
|
(1 183)
|
(1 169)
|
(1 154)
|
(1 128)
|
(1 099)
|
(1 048)
|
(1 015)
|
(1 001)
|
(996)
|
(1 025)
|
(1 050)
|
|
Gross Profit |
809
N/A
|
814
+1%
|
829
+2%
|
852
+3%
|
878
+3%
|
897
+2%
|
910
+2%
|
912
+0%
|
908
-1%
|
902
-1%
|
902
0%
|
915
+2%
|
952
+4%
|
973
+2%
|
996
+2%
|
998
+0%
|
994
0%
|
1 016
+2%
|
1 038
+2%
|
1 056
+2%
|
1 095
+4%
|
1 105
+1%
|
1 110
+1%
|
1 098
-1%
|
1 063
-3%
|
1 188
+12%
|
1 398
+18%
|
1 646
+18%
|
1 960
+19%
|
2 023
+3%
|
2 041
+1%
|
2 007
-2%
|
1 965
-2%
|
1 946
-1%
|
1 801
-7%
|
1 802
+0%
|
1 907
+6%
|
1 875
-2%
|
1 953
+4%
|
1 943
-1%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(610)
|
(612)
|
(627)
|
(659)
|
(659)
|
(690)
|
(684)
|
(704)
|
(705)
|
(718)
|
(679)
|
(719)
|
(695)
|
(697)
|
(736)
|
(744)
|
(756)
|
(757)
|
(781)
|
(782)
|
(767)
|
(778)
|
(783)
|
(793)
|
(797)
|
(926)
|
(1 125)
|
(1 359)
|
(1 572)
|
(1 608)
|
(1 608)
|
(1 582)
|
(1 561)
|
(1 535)
|
(1 468)
|
(1 441)
|
(1 433)
|
(1 426)
|
(1 430)
|
(1 418)
|
|
Selling, General & Administrative |
(569)
|
(570)
|
(583)
|
(596)
|
(612)
|
(636)
|
(639)
|
(643)
|
(651)
|
(652)
|
(619)
|
(621)
|
(633)
|
(643)
|
(680)
|
(688)
|
(697)
|
(699)
|
(724)
|
(724)
|
(711)
|
(723)
|
(729)
|
(725)
|
(745)
|
(848)
|
(996)
|
(1 179)
|
(1 339)
|
(1 354)
|
(1 361)
|
(1 339)
|
(1 325)
|
(1 307)
|
(1 248)
|
(1 231)
|
(1 232)
|
(1 242)
|
(1 267)
|
(1 275)
|
|
Depreciation & Amortization |
(40)
|
(42)
|
(44)
|
(46)
|
(47)
|
(47)
|
(45)
|
(45)
|
(46)
|
(58)
|
(60)
|
(61)
|
(62)
|
(54)
|
(55)
|
(57)
|
(58)
|
(58)
|
(58)
|
(58)
|
(56)
|
(55)
|
(54)
|
(53)
|
(52)
|
(78)
|
(129)
|
(180)
|
(233)
|
(254)
|
(248)
|
(242)
|
(236)
|
(228)
|
(220)
|
(210)
|
(202)
|
(184)
|
(163)
|
(143)
|
|
Other Operating Expenses |
0
|
0
|
0
|
(16)
|
0
|
(7)
|
0
|
(15)
|
(8)
|
(8)
|
0
|
(36)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
200
N/A
|
202
+1%
|
202
+0%
|
193
-5%
|
219
+13%
|
207
-5%
|
226
+9%
|
208
-8%
|
203
-3%
|
184
-9%
|
223
+21%
|
197
-12%
|
257
+31%
|
277
+8%
|
260
-6%
|
254
-3%
|
239
-6%
|
259
+8%
|
257
-1%
|
275
+7%
|
328
+19%
|
327
0%
|
328
+0%
|
305
-7%
|
266
-13%
|
262
-2%
|
272
+4%
|
287
+5%
|
388
+35%
|
415
+7%
|
433
+4%
|
426
-2%
|
405
-5%
|
411
+1%
|
333
-19%
|
361
+8%
|
473
+31%
|
449
-5%
|
523
+16%
|
525
+0%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(12)
|
(12)
|
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(14)
|
(16)
|
(18)
|
(19)
|
(20)
|
(21)
|
(21)
|
(20)
|
(20)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(61)
|
(97)
|
(134)
|
(179)
|
(172)
|
(192)
|
(189)
|
(175)
|
(173)
|
(146)
|
(150)
|
(157)
|
(174)
|
(179)
|
(173)
|
|
Non-Reccuring Items |
0
|
(16)
|
(16)
|
0
|
(23)
|
0
|
(16)
|
0
|
0
|
0
|
(36)
|
0
|
(43)
|
(48)
|
(18)
|
(35)
|
(30)
|
31
|
(126)
|
(112)
|
(116)
|
(173)
|
(19)
|
0
|
(33)
|
(172)
|
(184)
|
(201)
|
(206)
|
(84)
|
(123)
|
(127)
|
(106)
|
(481)
|
(427)
|
(420)
|
(418)
|
61
|
39
|
35
|
|
Total Other Income |
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
|
(7)
|
(1)
|
7
|
13
|
24
|
24
|
26
|
12
|
6
|
(1)
|
(4)
|
3
|
8
|
11
|
7
|
|
Pre-Tax Income |
188
N/A
|
174
-8%
|
173
-1%
|
179
+4%
|
181
+1%
|
193
+7%
|
197
+2%
|
196
-1%
|
191
-2%
|
172
-10%
|
174
+1%
|
183
+5%
|
198
+8%
|
212
+7%
|
223
+5%
|
198
-11%
|
189
-5%
|
270
+43%
|
110
-59%
|
142
+29%
|
193
+35%
|
135
-30%
|
290
+115%
|
286
-1%
|
213
-25%
|
22
-90%
|
(10)
N/A
|
(41)
-331%
|
15
N/A
|
182
+1 104%
|
143
-21%
|
136
-5%
|
137
+1%
|
(237)
N/A
|
(241)
-2%
|
(214)
+11%
|
(98)
+54%
|
343
N/A
|
394
+15%
|
393
0%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(70)
|
(66)
|
(69)
|
(71)
|
(70)
|
(73)
|
(74)
|
(73)
|
(73)
|
(65)
|
(61)
|
(64)
|
(70)
|
(77)
|
(86)
|
(80)
|
(77)
|
(103)
|
(76)
|
(86)
|
(97)
|
(80)
|
(101)
|
(98)
|
(70)
|
(15)
|
(10)
|
5
|
10
|
(32)
|
(12)
|
(9)
|
(36)
|
20
|
32
|
35
|
6
|
(67)
|
(87)
|
(104)
|
|
Income from Continuing Operations |
118
|
108
|
104
|
108
|
112
|
120
|
124
|
123
|
118
|
107
|
114
|
119
|
128
|
135
|
137
|
119
|
111
|
167
|
34
|
57
|
96
|
55
|
189
|
188
|
143
|
8
|
(19)
|
(36)
|
26
|
149
|
131
|
127
|
101
|
(217)
|
(209)
|
(179)
|
(92)
|
276
|
307
|
289
|
|
Net Income (Common) |
114
N/A
|
105
-8%
|
104
0%
|
108
+3%
|
112
+4%
|
120
+7%
|
124
+3%
|
123
-1%
|
118
-4%
|
107
-9%
|
114
+6%
|
119
+5%
|
128
+8%
|
135
+5%
|
137
+2%
|
119
-13%
|
111
-6%
|
167
+50%
|
34
-80%
|
57
+68%
|
96
+69%
|
55
-43%
|
189
+243%
|
188
0%
|
276
+46%
|
126
-54%
|
99
-21%
|
83
-17%
|
(58)
N/A
|
76
N/A
|
46
-39%
|
35
-24%
|
55
+54%
|
(254)
N/A
|
(234)
+8%
|
(198)
+15%
|
(87)
+56%
|
276
N/A
|
307
+11%
|
289
-6%
|
|
EPS (Diluted) |
2.54
N/A
|
2.31
-9%
|
2.32
+0%
|
2.39
+3%
|
2.49
+4%
|
2.66
+7%
|
2.73
+3%
|
2.7
-1%
|
2.58
-4%
|
2.35
-9%
|
2.51
+7%
|
2.63
+5%
|
2.82
+7%
|
2.97
+5%
|
3.02
+2%
|
2.61
-14%
|
2.45
-6%
|
3.69
+51%
|
0.76
-79%
|
1.25
+64%
|
2.12
+70%
|
1.21
-43%
|
4.15
+243%
|
4.13
0%
|
6.05
+46%
|
2.8
-54%
|
2.21
-21%
|
1.83
-17%
|
-1.28
N/A
|
1.67
N/A
|
1.02
-39%
|
0.77
-25%
|
1.15
+49%
|
-5.55
N/A
|
-5.13
+8%
|
-4.31
+16%
|
-1.89
+56%
|
5.91
N/A
|
6.51
+10%
|
6.13
-6%
|