Glanbia PLC
OTC:GLAPF
Income Statement
Earnings Waterfall
Glanbia PLC
Income Statement
Glanbia PLC
| Jan-2003 | Jul-2003 | Jan-2004 | Jul-2004 | Jan-2005 | Jul-2005 | Dec-2005 | Jul-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Jan-2009 | Jul-2009 | Jan-2010 | Jul-2010 | Jan-2011 | Jul-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Jan-2014 | Jul-2014 | Jan-2015 | Jul-2015 | Jan-2016 | Jul-2016 | Dec-2016 | Jul-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Jan-2020 | Jul-2020 | Jan-2021 | Jul-2021 | Jan-2022 | Jul-2022 | Dec-2022 | Jul-2023 | Dec-2023 | Jun-2024 | Jan-2025 | Jul-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
19
|
0
|
17
|
0
|
11
|
19
|
28
|
19
|
25
|
29
|
32
|
34
|
38
|
36
|
30
|
26
|
24
|
25
|
37
|
0
|
26
|
16
|
33
|
33
|
27
|
25
|
22
|
22
|
24
|
25
|
25
|
23
|
23
|
30
|
35
|
32
|
26
|
24
|
20
|
9
|
20
|
22
|
19
|
21
|
29
|
30
|
|
| Revenue |
2 317
N/A
|
2 121
-8%
|
2 041
-4%
|
1 871
-8%
|
1 846
-1%
|
1 799
-3%
|
1 830
+2%
|
1 827
0%
|
1 853
+1%
|
1 971
+6%
|
2 207
+12%
|
2 272
+3%
|
2 232
-2%
|
2 071
-7%
|
1 830
-12%
|
1 922
+5%
|
2 167
+13%
|
2 473
+14%
|
2 671
+8%
|
2 426
-9%
|
2 212
-9%
|
2 350
+6%
|
2 382
+1%
|
2 440
+2%
|
2 538
+4%
|
2 676
+5%
|
2 774
+4%
|
2 421
-13%
|
2 232
-8%
|
2 340
+5%
|
2 387
+2%
|
2 679
+12%
|
3 171
+18%
|
3 451
+9%
|
3 876
+12%
|
3 954
+2%
|
4 093
+4%
|
5 865
+43%
|
4 628
-21%
|
7 288
+57%
|
5 944
-18%
|
5 624
-5%
|
5 425
-4%
|
4 470
-18%
|
3 840
-14%
|
3 951
+3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(2 010)
|
(2 041)
|
(1 774)
|
(1 790)
|
(1 613)
|
(1 716)
|
(1 590)
|
(1 748)
|
(1 597)
|
(1 773)
|
(1 883)
|
(1 930)
|
(1 891)
|
(1 734)
|
(1 507)
|
(1 574)
|
(1 784)
|
(2 057)
|
(2 237)
|
0
|
(1 496)
|
0
|
(1 676)
|
0
|
(1 773)
|
0
|
(1 783)
|
(758)
|
(1 597)
|
(1 691)
|
(1 742)
|
(2 060)
|
(2 473)
|
(2 705)
|
(3 096)
|
(3 209)
|
(3 356)
|
(4 747)
|
(3 705)
|
(5 910)
|
(4 921)
|
(4 618)
|
(4 301)
|
(3 266)
|
(2 674)
|
(2 864)
|
|
| Gross Profit |
307
N/A
|
80
-74%
|
268
+235%
|
81
-70%
|
233
+188%
|
83
-64%
|
240
+188%
|
79
-67%
|
257
+227%
|
198
-23%
|
324
+64%
|
342
+6%
|
342
0%
|
337
-1%
|
323
-4%
|
348
+8%
|
382
+10%
|
416
+9%
|
435
+4%
|
0
N/A
|
716
N/A
|
0
N/A
|
706
N/A
|
0
N/A
|
765
N/A
|
0
N/A
|
992
N/A
|
320
-68%
|
635
+98%
|
649
+2%
|
645
-1%
|
619
-4%
|
697
+13%
|
747
+7%
|
780
+4%
|
745
-4%
|
738
-1%
|
1 118
+52%
|
923
-17%
|
1 379
+49%
|
1 023
-26%
|
1 006
-2%
|
1 124
+12%
|
1 204
+7%
|
1 165
-3%
|
1 087
-7%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(218)
|
0
|
(192)
|
1
|
(149)
|
0
|
(160)
|
0
|
(171)
|
(100)
|
(208)
|
(218)
|
(208)
|
(229)
|
(212)
|
(173)
|
(246)
|
(253)
|
(282)
|
(2 269)
|
(558)
|
(2 192)
|
(539)
|
(2 269)
|
(579)
|
(2 464)
|
(753)
|
(1 425)
|
(399)
|
(407)
|
(424)
|
(442)
|
(458)
|
(527)
|
(564)
|
(558)
|
(574)
|
(834)
|
(694)
|
(1 021)
|
(736)
|
(712)
|
(782)
|
(832)
|
(770)
|
(716)
|
|
| Selling, General & Administrative |
(218)
|
0
|
(192)
|
0
|
(149)
|
0
|
(159)
|
0
|
(171)
|
(100)
|
(208)
|
(218)
|
(208)
|
(211)
|
(212)
|
(224)
|
(246)
|
(263)
|
(282)
|
0
|
(201)
|
0
|
(483)
|
0
|
(518)
|
0
|
(672)
|
(181)
|
(362)
|
(366)
|
(362)
|
(360)
|
(412)
|
(474)
|
(503)
|
(495)
|
(508)
|
(743)
|
(624)
|
(918)
|
(657)
|
(632)
|
(703)
|
(753)
|
(688)
|
(635)
|
|
| Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
(8)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
(45)
|
(20)
|
(48)
|
(22)
|
(55)
|
(28)
|
(74)
|
(34)
|
(37)
|
(41)
|
(63)
|
(62)
|
(46)
|
(53)
|
(61)
|
(63)
|
(65)
|
(91)
|
(70)
|
(103)
|
(79)
|
(80)
|
(80)
|
(79)
|
(82)
|
(82)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(18)
|
0
|
51
|
0
|
10
|
0
|
(2 259)
|
(303)
|
(2 172)
|
0
|
(2 247)
|
(7)
|
(2 436)
|
0
|
(1 210)
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
89
N/A
|
80
-10%
|
75
-6%
|
82
+8%
|
84
+4%
|
83
-1%
|
81
-3%
|
79
-2%
|
86
+9%
|
98
+14%
|
116
+19%
|
124
+7%
|
134
+8%
|
108
-20%
|
111
+3%
|
175
+58%
|
137
-22%
|
164
+20%
|
152
-7%
|
157
+3%
|
159
+1%
|
158
0%
|
168
+6%
|
171
+2%
|
186
+9%
|
212
+14%
|
239
+13%
|
238
0%
|
236
-1%
|
241
+2%
|
221
-9%
|
177
-20%
|
239
+35%
|
219
-8%
|
216
-2%
|
188
-13%
|
164
-13%
|
284
+73%
|
229
-19%
|
357
+56%
|
287
-20%
|
295
+3%
|
342
+16%
|
372
+9%
|
395
+6%
|
371
-6%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(17)
|
(16)
|
(15)
|
(12)
|
(7)
|
(16)
|
(17)
|
(11)
|
(11)
|
(15)
|
(16)
|
(10)
|
(14)
|
(20)
|
(14)
|
(10)
|
(12)
|
(7)
|
(14)
|
(17)
|
(11)
|
(1)
|
3
|
6
|
5
|
3
|
9
|
6
|
6
|
17
|
32
|
30
|
29
|
33
|
23
|
30
|
20
|
27
|
4
|
15
|
3
|
(10)
|
3
|
(3)
|
(24)
|
(28)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
(0)
|
0
|
(3)
|
(1)
|
1
|
(13)
|
(13)
|
(24)
|
(26)
|
(20)
|
0
|
46
|
0
|
10
|
0
|
0
|
5
|
2
|
0
|
6
|
2
|
(16)
|
(20)
|
(26)
|
(27)
|
(14)
|
(6)
|
(20)
|
0
|
0
|
(4)
|
(39)
|
(51)
|
(42)
|
(96)
|
(56)
|
(53)
|
(51)
|
8
|
50
|
(18)
|
(160)
|
(188)
|
|
| Gain/Loss on Disposition of Assets |
(80)
|
(24)
|
(26)
|
0
|
1
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
3
|
(49)
|
(58)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(3)
|
(4)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
1
|
(3)
|
(3)
|
(3)
|
(3)
|
|
| Pre-Tax Income |
(8)
N/A
|
43
N/A
|
(15)
N/A
|
11
N/A
|
79
+611%
|
64
-19%
|
62
-3%
|
70
+12%
|
62
-11%
|
70
+14%
|
76
+8%
|
88
+16%
|
100
+14%
|
88
-13%
|
143
+63%
|
165
+16%
|
135
-19%
|
157
+16%
|
139
-11%
|
145
+4%
|
149
+3%
|
157
+5%
|
176
+12%
|
179
+2%
|
174
-3%
|
193
+11%
|
219
+13%
|
214
-2%
|
225
+5%
|
249
+11%
|
230
-8%
|
205
-11%
|
267
+30%
|
246
-8%
|
199
-19%
|
166
-17%
|
140
-15%
|
213
+52%
|
174
-18%
|
316
+81%
|
237
-25%
|
294
+24%
|
392
+34%
|
348
-11%
|
208
-40%
|
153
-27%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
0
|
(1)
|
(7)
|
4
|
3
|
(16)
|
(20)
|
(21)
|
(19)
|
(30)
|
(34)
|
(26)
|
(31)
|
(26)
|
(25)
|
(24)
|
(23)
|
(25)
|
(25)
|
(26)
|
(31)
|
(35)
|
(34)
|
(37)
|
(40)
|
(31)
|
(25)
|
(33)
|
(27)
|
(19)
|
(14)
|
(11)
|
(22)
|
(19)
|
(34)
|
(27)
|
(31)
|
(45)
|
(51)
|
(43)
|
(32)
|
|
| Income from Continuing Operations |
(16)
|
34
|
(24)
|
2
|
70
|
64
|
62
|
62
|
66
|
73
|
60
|
68
|
79
|
68
|
113
|
131
|
109
|
126
|
113
|
120
|
125
|
134
|
151
|
154
|
147
|
162
|
184
|
179
|
188
|
210
|
199
|
180
|
234
|
219
|
180
|
152
|
129
|
191
|
155
|
281
|
210
|
263
|
348
|
298
|
165
|
121
|
|
| Income to Minority Interest |
(13)
|
(13)
|
(11)
|
(11)
|
(11)
|
(5)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
1
|
1
|
(0)
|
(0)
|
0
|
0
|
|
| Net Income (Common) |
(29)
N/A
|
21
N/A
|
(35)
N/A
|
(8)
+77%
|
59
N/A
|
57
-4%
|
61
+7%
|
62
+1%
|
66
+7%
|
73
+10%
|
60
-18%
|
67
+12%
|
78
+17%
|
68
-14%
|
113
+67%
|
131
+16%
|
108
-17%
|
126
+16%
|
112
-11%
|
132
+17%
|
144
+9%
|
140
-2%
|
150
+7%
|
153
+2%
|
146
-4%
|
161
+10%
|
183
+14%
|
194
+6%
|
212
+9%
|
217
+3%
|
329
+52%
|
313
-5%
|
234
-25%
|
219
-6%
|
180
-18%
|
152
-16%
|
154
+1%
|
225
+46%
|
184
-18%
|
369
+100%
|
271
-26%
|
263
-3%
|
344
+31%
|
294
-15%
|
165
-44%
|
121
-27%
|
|
| EPS (Diluted) |
-0.1
N/A
|
0.07
N/A
|
-0.12
N/A
|
-0.03
+75%
|
0.2
N/A
|
0.21
+5%
|
0.21
N/A
|
0.21
N/A
|
0.22
+5%
|
0.24
+9%
|
0.2
-17%
|
0.23
+15%
|
0.27
+17%
|
0.23
-15%
|
0.38
+65%
|
0.44
+16%
|
0.37
-16%
|
0.42
+14%
|
0.38
-10%
|
0.44
+16%
|
0.48
+9%
|
0.47
-2%
|
0.51
+9%
|
0.52
+2%
|
0.5
-4%
|
0.54
+8%
|
0.62
+15%
|
0.65
+5%
|
0.71
+9%
|
0.73
+3%
|
1.11
+52%
|
1.05
-5%
|
0.79
-25%
|
0.74
-6%
|
0.61
-18%
|
0.51
-16%
|
0.52
+2%
|
0.77
+48%
|
0.63
-18%
|
1.3
+106%
|
0.97
-25%
|
0.96
-1%
|
1.29
+34%
|
1.12
-13%
|
0.62
-45%
|
0.47
-24%
|
|