Wheels Up Experience Inc
NYSE:UP
Income Statement
Earnings Waterfall
Wheels Up Experience Inc
Revenue
|
1.3B
USD
|
Cost of Revenue
|
-1.2B
USD
|
Gross Profit
|
20.8m
USD
|
Operating Expenses
|
-355.1m
USD
|
Operating Income
|
-334.3m
USD
|
Other Expenses
|
-153.1m
USD
|
Net Income
|
-487.4m
USD
|
Income Statement
Wheels Up Experience Inc
Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
849
N/A
|
1 194
+41%
|
1 520
+27%
|
1 398
-8%
|
1 517
+8%
|
1 580
+4%
|
1 606
+2%
|
1 516
-6%
|
1 415
-7%
|
1 253
-11%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(284)
|
(1 118)
|
(961)
|
(1 370)
|
(1 489)
|
(1 540)
|
(1 561)
|
(1 480)
|
(1 377)
|
(1 233)
|
|
Gross Profit |
19
N/A
|
77
+314%
|
12
-84%
|
29
+138%
|
27
-4%
|
39
+44%
|
45
+13%
|
35
-21%
|
38
+8%
|
21
-45%
|
|
Operating Income | |||||||||||
Operating Expenses |
(688)
|
(281)
|
(855)
|
(370)
|
(392)
|
(419)
|
(430)
|
(411)
|
(404)
|
(355)
|
|
Selling, General & Administrative |
(65)
|
(193)
|
(188)
|
(269)
|
(279)
|
(295)
|
(302)
|
(284)
|
(275)
|
(235)
|
|
Research & Development |
(9)
|
(34)
|
(30)
|
(44)
|
(52)
|
(57)
|
(62)
|
(62)
|
(65)
|
(62)
|
|
Depreciation & Amortization |
(14)
|
(54)
|
(41)
|
(57)
|
(60)
|
(66)
|
(66)
|
(65)
|
(64)
|
(59)
|
|
Other Operating Expenses |
(601)
|
0
|
(596)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(123)
N/A
|
(205)
-67%
|
(296)
-44%
|
(342)
-16%
|
(364)
-7%
|
(379)
-4%
|
(385)
-2%
|
(376)
+2%
|
(366)
+3%
|
(334)
+9%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
3
|
9
|
17
|
23
|
16
|
6
|
(2)
|
(11)
|
(25)
|
(35)
|
|
Non-Reccuring Items |
(2)
|
(1)
|
1
|
2
|
(57)
|
(181)
|
(179)
|
(248)
|
(240)
|
(117)
|
|
Total Other Income |
0
|
0
|
0
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
|
Pre-Tax Income |
(122)
N/A
|
(197)
-61%
|
(278)
-41%
|
(318)
-14%
|
(407)
-28%
|
(555)
-37%
|
(567)
-2%
|
(635)
-12%
|
(631)
+1%
|
(486)
+23%
|
|
Net Income | |||||||||||
Tax Provision |
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
(122)
|
(197)
|
(278)
|
(318)
|
(407)
|
(556)
|
(567)
|
(635)
|
(631)
|
(487)
|
|
Income to Minority Interest |
1
|
7
|
2
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(116)
N/A
|
(190)
-64%
|
(271)
-42%
|
(316)
-17%
|
(406)
-29%
|
(555)
-37%
|
(567)
-2%
|
(635)
-12%
|
(631)
+1%
|
(487)
+23%
|
|
EPS (Diluted) |
-4.91
N/A
|
-9.28
-89%
|
-11.04
-19%
|
-12.95
-17%
|
-16.65
-29%
|
-22.56
-35%
|
-22.42
+1%
|
-24.81
-11%
|
-15.28
+38%
|
-3.69
+76%
|