Pirelli & C SpA
OTC:PLLIF
Income Statement
Earnings Waterfall
Pirelli & C SpA
Revenue
|
6.7B
EUR
|
Cost of Revenue
|
-2.2B
EUR
|
Gross Profit
|
4.5B
EUR
|
Operating Expenses
|
-3.6B
EUR
|
Operating Income
|
837.7m
EUR
|
Other Expenses
|
-358.6m
EUR
|
Net Income
|
479.1m
EUR
|
Income Statement
Pirelli & C SpA
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 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
6 061
N/A
|
6 020
-1%
|
5 958
-1%
|
6 003
+1%
|
4 648
-23%
|
4 743
+2%
|
4 840
+2%
|
4 831
0%
|
7 230
+50%
|
4 634
-36%
|
4 270
-8%
|
4 016
-6%
|
4 976
+24%
|
5 135
+3%
|
5 235
+2%
|
5 308
+1%
|
5 352
+1%
|
5 323
-1%
|
5 297
0%
|
5 239
-1%
|
5 194
-1%
|
6 493
+25%
|
7 828
+21%
|
7 914
+1%
|
5 323
-33%
|
7 756
+46%
|
6 918
-11%
|
6 814
-2%
|
4 302
-37%
|
6 824
+59%
|
7 573
+11%
|
7 710
+2%
|
5 331
-31%
|
8 267
+55%
|
8 899
+8%
|
9 321
+5%
|
6 616
-29%
|
10 152
+53%
|
10 392
+2%
|
10 279
-1%
|
6 650
-35%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3 392)
|
(3 350)
|
(3 219)
|
(3 240)
|
(2 412)
|
(2 422)
|
(2 486)
|
(2 452)
|
(1 098)
|
(2 527)
|
(2 121)
|
(1 995)
|
(2 547)
|
(2 470)
|
(2 712)
|
(2 709)
|
(2 751)
|
(2 741)
|
(2 711)
|
(2 697)
|
(2 665)
|
(3 299)
|
(4 028)
|
(4 110)
|
(2 803)
|
(4 073)
|
(3 765)
|
(3 739)
|
(2 377)
|
(3 871)
|
(4 165)
|
(3 933)
|
(2 760)
|
(3 727)
|
(3 410)
|
(3 623)
|
(3 384)
|
(4 071)
|
(4 151)
|
(4 048)
|
(2 176)
|
|
Gross Profit |
2 669
N/A
|
2 670
+0%
|
2 739
+3%
|
2 764
+1%
|
2 236
-19%
|
2 321
+4%
|
2 354
+1%
|
2 380
+1%
|
6 132
+158%
|
2 107
-66%
|
2 148
+2%
|
2 020
-6%
|
2 430
+20%
|
2 665
+10%
|
2 523
-5%
|
2 600
+3%
|
2 601
+0%
|
2 583
-1%
|
2 586
+0%
|
2 542
-2%
|
2 529
0%
|
3 194
+26%
|
3 800
+19%
|
3 804
+0%
|
2 520
-34%
|
3 684
+46%
|
3 152
-14%
|
3 074
-2%
|
1 925
-37%
|
2 953
+53%
|
3 407
+15%
|
3 777
+11%
|
2 571
-32%
|
4 540
+77%
|
5 489
+21%
|
5 698
+4%
|
3 232
-43%
|
6 080
+88%
|
6 241
+3%
|
6 231
0%
|
4 474
-28%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 884)
|
(1 862)
|
(1 907)
|
(1 927)
|
(1 551)
|
(1 618)
|
(1 641)
|
(1 669)
|
(2 447)
|
(1 380)
|
(1 482)
|
(1 383)
|
(1 787)
|
(1 976)
|
(1 860)
|
(1 886)
|
(1 929)
|
(1 894)
|
(1 860)
|
(1 825)
|
(1 791)
|
(2 280)
|
(2 633)
|
(2 592)
|
(1 758)
|
(2 572)
|
(2 623)
|
(2 565)
|
(1 690)
|
(2 484)
|
(2 627)
|
(2 977)
|
(1 985)
|
(3 592)
|
(4 380)
|
(4 555)
|
(2 421)
|
(4 873)
|
(4 959)
|
(5 006)
|
(3 637)
|
|
Selling, General & Administrative |
0
|
0
|
0
|
0
|
(1 135)
|
0
|
0
|
0
|
(1 178)
|
0
|
0
|
0
|
(1 135)
|
0
|
0
|
0
|
(1 205)
|
0
|
0
|
0
|
(1 062)
|
(548)
|
(1 062)
|
(1 067)
|
(1 093)
|
(1 106)
|
(974)
|
(970)
|
(861)
|
(863)
|
(991)
|
(1 246)
|
(1 084)
|
(1 624)
|
(2 339)
|
(2 383)
|
(1 397)
|
(2 575)
|
(2 693)
|
(2 694)
|
(2 633)
|
|
Depreciation & Amortization |
(285)
|
(284)
|
(285)
|
(291)
|
(256)
|
(265)
|
(271)
|
(272)
|
(426)
|
(283)
|
(289)
|
(301)
|
(343)
|
(351)
|
(356)
|
(358)
|
(371)
|
(377)
|
(384)
|
(390)
|
(394)
|
(519)
|
(675)
|
(703)
|
(507)
|
(767)
|
(773)
|
(771)
|
(506)
|
(757)
|
(752)
|
(755)
|
(509)
|
(769)
|
(786)
|
(799)
|
(544)
|
(825)
|
(833)
|
(832)
|
(558)
|
|
Other Operating Expenses |
(1 599)
|
(1 578)
|
(1 622)
|
(1 636)
|
(160)
|
(1 354)
|
(1 370)
|
(1 396)
|
(843)
|
(1 097)
|
(1 193)
|
(1 081)
|
(309)
|
(1 625)
|
(1 504)
|
(1 528)
|
(353)
|
(1 517)
|
(1 476)
|
(1 436)
|
(334)
|
(1 213)
|
(895)
|
(822)
|
(157)
|
(699)
|
(877)
|
(824)
|
(323)
|
(864)
|
(885)
|
(977)
|
(393)
|
(1 199)
|
(1 254)
|
(1 373)
|
(479)
|
(1 474)
|
(1 433)
|
(1 481)
|
(446)
|
|
Operating Income |
785
N/A
|
807
+3%
|
832
+3%
|
836
+0%
|
685
-18%
|
703
+3%
|
713
+1%
|
711
0%
|
3 685
+418%
|
727
-80%
|
667
-8%
|
638
-4%
|
643
+1%
|
689
+7%
|
663
-4%
|
714
+8%
|
672
-6%
|
689
+2%
|
726
+5%
|
716
-1%
|
739
+3%
|
914
+24%
|
1 167
+28%
|
1 212
+4%
|
762
-37%
|
1 111
+46%
|
529
-52%
|
509
-4%
|
235
-54%
|
469
+99%
|
780
+66%
|
800
+3%
|
586
-27%
|
947
+62%
|
1 110
+17%
|
1 143
+3%
|
811
-29%
|
1 207
+49%
|
1 283
+6%
|
1 225
-5%
|
838
-32%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(241)
|
(233)
|
(226)
|
(233)
|
(297)
|
(294)
|
(277)
|
(297)
|
(920)
|
(819)
|
(807)
|
(840)
|
(391)
|
(228)
|
(256)
|
(222)
|
(340)
|
(117)
|
(132)
|
(87)
|
(180)
|
(196)
|
(226)
|
(268)
|
(179)
|
(282)
|
(265)
|
(240)
|
(135)
|
(217)
|
(210)
|
(204)
|
(118)
|
(185)
|
(193)
|
(213)
|
(206)
|
(251)
|
(241)
|
(227)
|
(283)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
44
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(38)
|
0
|
85
|
0
|
88
|
0
|
1
|
0
|
(16)
|
0
|
(6)
|
0
|
(24)
|
0
|
(16)
|
0
|
(42)
|
0
|
(60)
|
0
|
(71)
|
|
Total Other Income |
(30)
|
(30)
|
(37)
|
(37)
|
(47)
|
(47)
|
(64)
|
(64)
|
(159)
|
(159)
|
(235)
|
(235)
|
(56)
|
(123)
|
(130)
|
(130)
|
(30)
|
(227)
|
(114)
|
(114)
|
(19)
|
(19)
|
(36)
|
(36)
|
(49)
|
(49)
|
(37)
|
(37)
|
(27)
|
(27)
|
(26)
|
(26)
|
(7)
|
(33)
|
(32)
|
(32)
|
32
|
(27)
|
(32)
|
(32)
|
146
|
|
Pre-Tax Income |
514
N/A
|
544
+6%
|
570
+5%
|
567
-1%
|
350
-38%
|
362
+3%
|
373
+3%
|
350
-6%
|
2 604
+644%
|
(251)
N/A
|
(375)
-49%
|
(438)
-17%
|
239
N/A
|
338
+41%
|
278
-18%
|
362
+30%
|
304
-16%
|
345
+13%
|
480
+39%
|
516
+7%
|
502
-3%
|
699
+39%
|
990
+42%
|
908
-8%
|
622
-31%
|
780
+25%
|
228
-71%
|
232
+2%
|
57
-75%
|
225
+293%
|
539
+139%
|
570
+6%
|
437
-23%
|
729
+67%
|
868
+19%
|
898
+3%
|
596
-34%
|
929
+56%
|
950
+2%
|
965
+2%
|
630
-35%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(209)
|
(220)
|
(223)
|
(222)
|
(130)
|
(131)
|
(133)
|
(136)
|
(38)
|
(244)
|
(207)
|
(182)
|
(75)
|
(94)
|
(40)
|
(36)
|
(41)
|
(39)
|
(103)
|
(74)
|
(53)
|
(45)
|
(119)
|
(154)
|
(165)
|
(205)
|
(62)
|
(61)
|
(15)
|
(57)
|
(137)
|
(147)
|
(115)
|
(193)
|
(230)
|
(239)
|
(160)
|
(252)
|
(263)
|
(237)
|
(134)
|
|
Income from Continuing Operations |
305
|
323
|
347
|
345
|
220
|
231
|
240
|
214
|
2 566
|
(496)
|
(582)
|
(619)
|
164
|
244
|
238
|
327
|
263
|
306
|
378
|
442
|
449
|
654
|
871
|
754
|
458
|
575
|
166
|
171
|
43
|
169
|
402
|
423
|
322
|
536
|
638
|
659
|
436
|
677
|
687
|
729
|
496
|
|
Income to Minority Interest |
(3)
|
(6)
|
(9)
|
(16)
|
(11)
|
(12)
|
(12)
|
(9)
|
0
|
(3)
|
(3)
|
(4)
|
(13)
|
(13)
|
(10)
|
(7)
|
1
|
3
|
(4)
|
(8)
|
(11)
|
(19)
|
(22)
|
(22)
|
(20)
|
(25)
|
(17)
|
(17)
|
(13)
|
(20)
|
(27)
|
(27)
|
(19)
|
(25)
|
(28)
|
(34)
|
(18)
|
(31)
|
(30)
|
(28)
|
(17)
|
|
Net Income (Common) |
304
N/A
|
320
+6%
|
341
+6%
|
332
-3%
|
227
-32%
|
219
-3%
|
229
+4%
|
206
-10%
|
2 551
+1 141%
|
(516)
N/A
|
(585)
-13%
|
(636)
-9%
|
135
N/A
|
158
+17%
|
212
+34%
|
242
+14%
|
176
-27%
|
295
+67%
|
282
-4%
|
415
+48%
|
432
+4%
|
629
+46%
|
846
+34%
|
730
-14%
|
438
-40%
|
550
+26%
|
149
-73%
|
154
+3%
|
30
-81%
|
148
+399%
|
375
+152%
|
396
+6%
|
303
-24%
|
511
+69%
|
609
+19%
|
626
+3%
|
418
-33%
|
646
+55%
|
657
+2%
|
701
+7%
|
479
-32%
|
|
EPS (Diluted) |
0.62
N/A
|
0.65
+5%
|
0.69
+6%
|
0.67
-3%
|
0.42
-37%
|
0.44
+5%
|
0.46
+5%
|
0.41
-11%
|
5.23
+1 176%
|
-1.05
N/A
|
-1.18
-12%
|
-3.06
-159%
|
0.65
N/A
|
0.76
+17%
|
0.1
-87%
|
0.31
+210%
|
0.2
-35%
|
0.29
+45%
|
0.27
-7%
|
0.41
+52%
|
0.44
+7%
|
0.63
+43%
|
0.85
+35%
|
0.73
-14%
|
0.44
-40%
|
0.55
+25%
|
0.15
-73%
|
0.15
N/A
|
0.03
-80%
|
0.15
+400%
|
0.37
+147%
|
0.4
+8%
|
0.3
-25%
|
0.51
+70%
|
0.61
+20%
|
0.63
+3%
|
0.42
-33%
|
0.65
+55%
|
0.66
+2%
|
0.7
+6%
|
0.48
-31%
|