Stef SA
PAR:STF
Income Statement
Earnings Waterfall
Stef SA
Income Statement
Stef SA
| 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 |
11
|
13
|
14
|
14
|
16
|
19
|
19
|
16
|
13
|
12
|
13
|
12
|
11
|
14
|
15
|
13
|
15
|
15
|
15
|
16
|
15
|
14
|
12
|
10
|
9
|
8
|
8
|
9
|
9
|
9
|
9
|
8
|
7
|
7
|
9
|
18
|
28
|
36
|
41
|
43
|
|
| Revenue |
1 539
N/A
|
1 639
+7%
|
1 726
+5%
|
1 786
+3%
|
1 932
+8%
|
2 050
+6%
|
2 081
+2%
|
2 032
-2%
|
1 984
-2%
|
2 008
+1%
|
2 057
+2%
|
2 150
+5%
|
2 300
+7%
|
2 436
+6%
|
2 502
+3%
|
2 546
+2%
|
2 633
+3%
|
2 708
+3%
|
2 765
+2%
|
2 795
+1%
|
2 826
+1%
|
2 825
0%
|
2 824
0%
|
2 898
+3%
|
2 976
+3%
|
3 100
+4%
|
3 255
+5%
|
3 364
+3%
|
3 441
+2%
|
3 266
-5%
|
3 145
-4%
|
3 291
+5%
|
3 507
+7%
|
3 834
+9%
|
4 160
+9%
|
4 375
+5%
|
4 442
+2%
|
4 588
+3%
|
4 801
+5%
|
4 950
+3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(901)
|
(967)
|
(1 019)
|
(1 054)
|
(1 156)
|
(1 247)
|
(1 259)
|
(1 216)
|
(1 170)
|
(1 187)
|
(1 238)
|
(1 312)
|
(1 452)
|
(1 566)
|
(1 604)
|
(1 550)
|
(1 716)
|
(1 657)
|
(1 708)
|
(1 710)
|
(1 742)
|
(1 789)
|
(527)
|
(1 783)
|
(560)
|
(1 921)
|
(627)
|
(2 081)
|
(646)
|
(1 985)
|
(509)
|
(1 234)
|
(595)
|
(685)
|
(784)
|
(874)
|
(882)
|
(872)
|
(884)
|
(921)
|
|
| Gross Profit |
637
N/A
|
672
+5%
|
707
+5%
|
728
+3%
|
776
+7%
|
803
+3%
|
823
+3%
|
816
-1%
|
815
0%
|
820
+1%
|
820
0%
|
838
+2%
|
848
+1%
|
870
+3%
|
898
+3%
|
996
+11%
|
917
-8%
|
1 051
+15%
|
1 058
+1%
|
1 085
+3%
|
1 084
0%
|
1 036
-4%
|
2 298
+122%
|
1 116
-51%
|
2 416
+117%
|
1 179
-51%
|
2 628
+123%
|
1 282
-51%
|
2 795
+118%
|
1 281
-54%
|
2 636
+106%
|
2 057
-22%
|
2 912
+42%
|
3 149
+8%
|
3 375
+7%
|
3 501
+4%
|
3 561
+2%
|
3 716
+4%
|
3 917
+5%
|
4 029
+3%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(579)
|
(609)
|
(639)
|
(655)
|
(697)
|
(715)
|
(741)
|
(746)
|
(740)
|
(740)
|
(747)
|
(751)
|
(765)
|
(781)
|
(801)
|
(901)
|
(822)
|
(963)
|
(960)
|
(983)
|
(978)
|
(913)
|
(2 185)
|
(997)
|
(2 294)
|
(1 044)
|
(2 492)
|
(1 126)
|
(2 636)
|
(1 158)
|
(2 510)
|
(1 901)
|
(2 737)
|
(2 945)
|
(3 148)
|
(3 261)
|
(3 309)
|
(3 473)
|
(3 693)
|
(3 855)
|
|
| Selling, General & Administrative |
(527)
|
(556)
|
(586)
|
(600)
|
(626)
|
(653)
|
(664)
|
(673)
|
(671)
|
(670)
|
(665)
|
(673)
|
(686)
|
(706)
|
(735)
|
(839)
|
(746)
|
(885)
|
(875)
|
(889)
|
(872)
|
(811)
|
(2 075)
|
(889)
|
(2 188)
|
(940)
|
(2 376)
|
(991)
|
(2 470)
|
(1 864)
|
(2 334)
|
(2 682)
|
(2 552)
|
(2 763)
|
(2 957)
|
(3 061)
|
(3 116)
|
(3 265)
|
(3 447)
|
(3 556)
|
|
| Depreciation & Amortization |
(53)
|
(58)
|
(66)
|
(69)
|
(68)
|
(70)
|
(73)
|
(77)
|
(78)
|
(79)
|
(78)
|
(76)
|
(76)
|
(79)
|
(81)
|
(82)
|
(84)
|
(86)
|
(91)
|
(95)
|
(101)
|
(104)
|
(107)
|
(107)
|
(108)
|
(111)
|
(114)
|
(142)
|
(169)
|
(172)
|
(174)
|
(177)
|
(179)
|
(179)
|
(183)
|
(191)
|
(200)
|
(220)
|
(241)
|
(256)
|
|
| Other Operating Expenses |
1
|
5
|
13
|
14
|
(4)
|
8
|
(4)
|
4
|
9
|
9
|
(4)
|
(2)
|
(4)
|
4
|
15
|
20
|
8
|
8
|
5
|
2
|
(5)
|
2
|
(3)
|
(2)
|
2
|
7
|
(2)
|
8
|
2
|
877
|
(1)
|
959
|
(7)
|
(3)
|
(8)
|
(10)
|
8
|
12
|
(4)
|
(43)
|
|
| Operating Income |
58
N/A
|
63
+10%
|
69
+8%
|
78
+13%
|
79
+2%
|
88
+11%
|
82
-7%
|
70
-14%
|
74
+6%
|
81
+9%
|
73
-10%
|
87
+20%
|
84
-4%
|
89
+7%
|
97
+9%
|
96
-1%
|
95
-1%
|
88
-7%
|
98
+11%
|
102
+4%
|
106
+4%
|
123
+17%
|
113
-9%
|
119
+5%
|
122
+3%
|
136
+11%
|
137
+1%
|
157
+15%
|
158
+1%
|
123
-22%
|
126
+2%
|
157
+24%
|
174
+11%
|
204
+17%
|
228
+12%
|
240
+5%
|
252
+5%
|
243
-4%
|
225
-7%
|
175
-22%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(6)
|
(9)
|
(12)
|
(14)
|
(16)
|
(21)
|
(19)
|
(17)
|
(13)
|
(12)
|
(0)
|
(11)
|
(10)
|
(14)
|
(14)
|
(13)
|
(12)
|
(14)
|
(12)
|
(15)
|
(11)
|
(14)
|
(11)
|
(10)
|
(2)
|
(7)
|
(5)
|
(9)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
4
|
2
|
(16)
|
(27)
|
(35)
|
(41)
|
(42)
|
|
| Non-Reccuring Items |
3
|
0
|
3
|
0
|
4
|
0
|
4
|
0
|
1
|
0
|
(4)
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
1
|
(1)
|
1
|
9
|
9
|
0
|
3
|
0
|
(2)
|
0
|
4
|
0
|
(10)
|
0
|
(21)
|
(24)
|
(5)
|
1
|
1
|
4
|
3
|
3
|
|
| Gain/Loss on Disposition of Assets |
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
|
(0)
|
(1)
|
1
|
0
|
0
|
(2)
|
(2)
|
(1)
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
2
|
0
|
(0)
|
0
|
1
|
0
|
0
|
1
|
0
|
1
|
1
|
1
|
1
|
2
|
3
|
2
|
2
|
|
| Pre-Tax Income |
54
N/A
|
55
+1%
|
58
+7%
|
65
+11%
|
68
+4%
|
68
0%
|
65
-4%
|
51
-22%
|
61
+21%
|
69
+12%
|
69
+0%
|
76
+10%
|
74
-3%
|
75
+1%
|
83
+11%
|
83
N/A
|
84
+1%
|
74
-12%
|
87
+19%
|
86
-1%
|
96
+11%
|
118
+24%
|
111
-6%
|
109
-2%
|
124
+14%
|
128
+4%
|
130
+1%
|
148
+14%
|
154
+4%
|
116
-25%
|
109
-5%
|
149
+37%
|
147
-1%
|
185
+25%
|
225
+22%
|
226
+0%
|
228
+1%
|
214
-6%
|
189
-12%
|
136
-28%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(14)
|
(13)
|
(13)
|
(15)
|
(18)
|
(19)
|
(20)
|
(16)
|
(18)
|
(21)
|
(22)
|
(24)
|
(23)
|
(23)
|
(29)
|
(29)
|
(25)
|
(22)
|
(23)
|
(23)
|
(23)
|
(28)
|
(25)
|
(25)
|
(33)
|
(35)
|
(36)
|
(46)
|
(55)
|
(45)
|
(42)
|
(52)
|
(46)
|
(51)
|
(58)
|
(59)
|
(63)
|
(59)
|
(48)
|
(49)
|
|
| Income from Continuing Operations |
40
|
42
|
45
|
50
|
49
|
49
|
45
|
35
|
43
|
48
|
47
|
52
|
51
|
52
|
54
|
55
|
58
|
51
|
64
|
63
|
72
|
90
|
87
|
84
|
90
|
94
|
94
|
102
|
99
|
70
|
67
|
97
|
102
|
135
|
167
|
167
|
165
|
155
|
141
|
88
|
|
| Income to Minority Interest |
(6)
|
(6)
|
(7)
|
(7)
|
(5)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
|
| Equity Earnings Affiliates |
(0)
|
0
|
1
|
(1)
|
(0)
|
1
|
0
|
1
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
3
|
3
|
1
|
1
|
3
|
3
|
2
|
0
|
(1)
|
1
|
4
|
5
|
6
|
8
|
10
|
10
|
10
|
10
|
8
|
8
|
9
|
|
| Net Income (Common) |
35
N/A
|
36
+4%
|
39
+7%
|
42
+7%
|
44
+6%
|
45
+2%
|
41
-10%
|
31
-23%
|
39
+26%
|
45
+13%
|
47
+6%
|
53
+12%
|
52
-1%
|
53
+2%
|
56
+5%
|
56
+1%
|
60
+7%
|
52
-14%
|
65
+25%
|
66
+1%
|
75
+14%
|
91
+20%
|
87
-4%
|
87
0%
|
94
+8%
|
96
+3%
|
94
-2%
|
101
+7%
|
100
-1%
|
70
-30%
|
73
+3%
|
45
-38%
|
110
+143%
|
131
+19%
|
146
+12%
|
175
+20%
|
192
+9%
|
165
-14%
|
157
-5%
|
105
-33%
|
|
| EPS (Diluted) |
2.56
N/A
|
2.66
+4%
|
2.84
+7%
|
3.06
+8%
|
3.26
+7%
|
3.41
+5%
|
3.06
-10%
|
2.42
-21%
|
3.04
+26%
|
3.44
+13%
|
3.66
+6%
|
4.08
+11%
|
4.04
-1%
|
4.13
+2%
|
4.32
+5%
|
4.35
+1%
|
4.64
+7%
|
3.99
-14%
|
5.27
+32%
|
5.34
+1%
|
6.12
+15%
|
6.85
+12%
|
7.08
+3%
|
6.59
-7%
|
7.61
+15%
|
7.28
-4%
|
7.64
+5%
|
8.17
+7%
|
8.1
-1%
|
5.68
-30%
|
5.86
+3%
|
3.61
-38%
|
8.78
+143%
|
10.34
+18%
|
11.58
+12%
|
13.84
+20%
|
15.16
+10%
|
13.09
-14%
|
12.46
-5%
|
8.27
-34%
|
|