ABC Arbitrage SA
PAR:ABCA
Income Statement
Earnings Waterfall
ABC Arbitrage SA
Income Statement
ABC Arbitrage SA
| Dec-2000 | Jun-2001 | Dec-2001 | Jun-2002 | Dec-2002 | Jun-2003 | Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
85
|
61
|
42
|
20
|
17
|
55
|
56
|
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
|
0
|
0
|
|
| Revenue |
5
N/A
|
6
+7%
|
3
-44%
|
2
-25%
|
2
-24%
|
1
-22%
|
2
+11%
|
9
+478%
|
16
+80%
|
20
+21%
|
22
+10%
|
31
+44%
|
39
+24%
|
44
+13%
|
49
+11%
|
51
+4%
|
88
+72%
|
97
+10%
|
64
-34%
|
63
-1%
|
60
-5%
|
63
+4%
|
74
+18%
|
63
-15%
|
54
-15%
|
37
-31%
|
29
-22%
|
45
+55%
|
46
+4%
|
42
-9%
|
48
+13%
|
54
+12%
|
54
0%
|
48
-11%
|
39
-20%
|
34
-12%
|
40
+18%
|
40
-1%
|
37
-6%
|
64
+73%
|
69
+7%
|
59
-14%
|
64
+8%
|
61
-6%
|
61
+1%
|
50
-18%
|
40
-21%
|
42
+6%
|
51
+21%
|
65
+27%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
|
| Gross Profit |
1
N/A
|
2
+146%
|
0
-97%
|
(1)
N/A
|
(1)
-98%
|
(1)
-19%
|
(1)
-9%
|
6
N/A
|
14
+125%
|
17
+24%
|
19
+10%
|
29
+50%
|
36
+26%
|
41
+13%
|
46
+12%
|
48
+5%
|
84
+75%
|
91
+9%
|
58
-36%
|
58
-1%
|
55
-5%
|
58
+5%
|
69
+21%
|
58
-16%
|
48
-17%
|
31
-35%
|
24
-24%
|
39
+65%
|
41
+4%
|
36
-12%
|
41
+15%
|
48
+15%
|
48
+0%
|
42
-12%
|
32
-23%
|
27
-16%
|
34
+23%
|
34
+1%
|
32
-6%
|
59
+85%
|
63
+8%
|
53
-16%
|
58
+9%
|
54
-7%
|
54
+0%
|
43
-21%
|
32
-24%
|
35
+7%
|
44
+27%
|
57
+29%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(8)
|
(10)
|
(13)
|
(14)
|
(12)
|
(19)
|
(21)
|
(14)
|
(15)
|
(14)
|
(15)
|
(20)
|
(15)
|
(12)
|
(11)
|
(10)
|
(11)
|
(13)
|
(14)
|
(15)
|
(17)
|
(17)
|
(16)
|
(15)
|
(13)
|
(14)
|
(14)
|
(14)
|
(23)
|
(28)
|
(24)
|
(23)
|
(22)
|
(25)
|
(21)
|
(16)
|
(18)
|
(23)
|
(27)
|
|
| Selling, General & Administrative |
(5)
|
(5)
|
(6)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(8)
|
(10)
|
(13)
|
(14)
|
(12)
|
(19)
|
(20)
|
(14)
|
(14)
|
(13)
|
(14)
|
(19)
|
(15)
|
(11)
|
(10)
|
(9)
|
(11)
|
(12)
|
(13)
|
(14)
|
(16)
|
(17)
|
(16)
|
(14)
|
(13)
|
(13)
|
(13)
|
(12)
|
(22)
|
(26)
|
(22)
|
(21)
|
(20)
|
(23)
|
(19)
|
(14)
|
(16)
|
(21)
|
(25)
|
|
| Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(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)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
| 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
|
0
|
0
|
(0)
|
(0)
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(5)
N/A
|
(4)
+18%
|
(6)
-52%
|
(5)
+13%
|
(6)
-7%
|
(6)
-9%
|
(7)
-5%
|
0
N/A
|
8
+2 969%
|
11
+39%
|
13
+13%
|
21
+66%
|
26
+25%
|
28
+7%
|
32
+14%
|
35
+11%
|
65
+84%
|
71
+10%
|
44
-37%
|
43
-3%
|
41
-5%
|
42
+4%
|
50
+17%
|
43
-14%
|
36
-16%
|
21
-42%
|
14
-32%
|
28
+95%
|
28
+0%
|
22
-21%
|
26
+19%
|
31
+16%
|
30
-1%
|
26
-14%
|
18
-32%
|
14
-22%
|
19
+40%
|
19
+0%
|
18
-6%
|
36
+97%
|
35
-1%
|
29
-17%
|
35
+21%
|
32
-10%
|
29
-8%
|
22
-25%
|
16
-24%
|
17
+0%
|
21
+28%
|
30
+41%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(46)
|
(52)
|
(36)
|
(12)
|
(5)
|
(42)
|
(41)
|
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)
|
(0)
|
(0)
|
|
| Non-Reccuring Items |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
80
|
73
|
57
|
28
|
19
|
59
|
61
|
11
|
0
|
(1)
|
(1)
|
(4)
|
(4)
|
(0)
|
0
|
0
|
(2)
|
(2)
|
0
|
(0)
|
1
|
2
|
1
|
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
|
|
| Pre-Tax Income |
28
N/A
|
17
-41%
|
15
-9%
|
10
-33%
|
8
-21%
|
11
+31%
|
14
+33%
|
11
-22%
|
8
-24%
|
11
+27%
|
11
+7%
|
17
+47%
|
22
+34%
|
27
+23%
|
32
+16%
|
35
+11%
|
63
+79%
|
69
+9%
|
44
-35%
|
43
-4%
|
42
-3%
|
44
+6%
|
51
+16%
|
44
-14%
|
36
-19%
|
21
-43%
|
14
-31%
|
28
+95%
|
28
+0%
|
22
-21%
|
26
+19%
|
31
+16%
|
30
-1%
|
26
-14%
|
18
-32%
|
14
-22%
|
19
+40%
|
19
+0%
|
18
-7%
|
36
+97%
|
35
-1%
|
29
-17%
|
35
+21%
|
32
-10%
|
29
-8%
|
22
-25%
|
16
-24%
|
16
+0%
|
21
+28%
|
30
+42%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(11)
|
(6)
|
(9)
|
(6)
|
(3)
|
(5)
|
(6)
|
(3)
|
(3)
|
(4)
|
(4)
|
(7)
|
(8)
|
(8)
|
(11)
|
(13)
|
(22)
|
(23)
|
(14)
|
(14)
|
(13)
|
(14)
|
(17)
|
(13)
|
(12)
|
(6)
|
(4)
|
(10)
|
(9)
|
(4)
|
(2)
|
(0)
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
(3)
|
(7)
|
(4)
|
0
|
0
|
0
|
0
|
6
|
6
|
|
| Income from Continuing Operations |
17
|
11
|
6
|
4
|
5
|
6
|
8
|
8
|
6
|
6
|
7
|
9
|
15
|
19
|
21
|
23
|
41
|
46
|
30
|
29
|
29
|
30
|
34
|
31
|
24
|
14
|
10
|
18
|
19
|
18
|
24
|
30
|
31
|
26
|
18
|
15
|
20
|
20
|
18
|
36
|
35
|
26
|
28
|
27
|
29
|
22
|
16
|
17
|
27
|
36
|
|
| Income to Minority Interest |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
17
N/A
|
11
-36%
|
6
-48%
|
4
-31%
|
5
+27%
|
6
+13%
|
8
+44%
|
8
-2%
|
6
-32%
|
6
+16%
|
7
+9%
|
9
+33%
|
15
+57%
|
19
+29%
|
21
+9%
|
23
+9%
|
41
+81%
|
46
+12%
|
30
-33%
|
29
-6%
|
29
+1%
|
30
+2%
|
34
+15%
|
31
-9%
|
24
-22%
|
14
-41%
|
10
-30%
|
18
+81%
|
19
+3%
|
18
-6%
|
24
+36%
|
30
+25%
|
31
+0%
|
26
-15%
|
18
-30%
|
15
-19%
|
20
+33%
|
20
0%
|
18
-7%
|
36
+94%
|
35
-1%
|
26
-25%
|
28
+7%
|
27
-2%
|
29
+6%
|
22
-25%
|
16
-24%
|
17
+0%
|
27
+63%
|
36
+33%
|
|
| EPS (Diluted) |
0.62
N/A
|
0.4
-35%
|
0.21
-48%
|
0.14
-33%
|
0.18
+29%
|
0.21
+17%
|
0.25
+19%
|
0.24
-4%
|
0.14
-42%
|
0.16
+14%
|
0.17
+6%
|
0.21
+24%
|
0.3
+43%
|
0.4
+33%
|
0.41
+2%
|
0.45
+10%
|
0.87
+93%
|
1
+15%
|
0.65
-35%
|
0.59
-9%
|
0.57
-3%
|
0.57
N/A
|
0.66
+16%
|
0.6
-9%
|
0.47
-22%
|
0.28
-40%
|
0.19
-32%
|
0.35
+84%
|
0.34
-3%
|
0.32
-6%
|
0.43
+34%
|
0.53
+23%
|
0.51
-4%
|
0.42
-18%
|
0.31
-26%
|
0.25
-19%
|
0.33
+32%
|
0.33
N/A
|
0.31
-6%
|
0.61
+97%
|
0.6
-2%
|
0.45
-25%
|
0.47
+4%
|
0.46
-2%
|
0.49
+7%
|
0.37
-24%
|
0.28
-24%
|
0.28
N/A
|
0.45
+61%
|
0.6
+33%
|
|