Pierre et Vacances SA
PAR:VAC
Income Statement
Earnings Waterfall
Pierre et Vacances SA
Income Statement
Pierre et Vacances SA
| Sep-2002 | Mar-2003 | Sep-2003 | Mar-2004 | Sep-2004 | Mar-2005 | Sep-2005 | Mar-2006 | Sep-2006 | Mar-2007 | Sep-2007 | Mar-2008 | Sep-2008 | Mar-2009 | Sep-2009 | Mar-2010 | Sep-2010 | Mar-2011 | Sep-2011 | Mar-2012 | Sep-2012 | Mar-2013 | Sep-2013 | Mar-2014 | Sep-2014 | Mar-2015 | Sep-2015 | Mar-2016 | Sep-2016 | Mar-2017 | Sep-2017 | Mar-2018 | Sep-2018 | Mar-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
22
|
0
|
21
|
0
|
11
|
0
|
12
|
5
|
9
|
7
|
8
|
12
|
15
|
16
|
17
|
17
|
14
|
15
|
18
|
19
|
19
|
18
|
18
|
21
|
23
|
20
|
20
|
21
|
20
|
18
|
31
|
53
|
40
|
19
|
19
|
87
|
171
|
186
|
224
|
261
|
263
|
256
|
248
|
240
|
220
|
203
|
193
|
|
| Revenue |
839
N/A
|
871
+4%
|
930
+7%
|
1 100
+18%
|
1 227
+12%
|
1 262
+3%
|
1 264
+0%
|
1 302
+3%
|
1 414
+9%
|
1 551
+10%
|
1 550
0%
|
1 416
-9%
|
1 425
+1%
|
1 424
0%
|
1 451
+2%
|
1 467
+1%
|
1 427
-3%
|
1 451
+2%
|
1 470
+1%
|
1 486
+1%
|
1 419
-4%
|
1 278
-10%
|
1 307
+2%
|
1 333
+2%
|
1 415
+6%
|
1 456
+3%
|
1 382
-5%
|
1 310
-5%
|
1 373
+5%
|
1 400
+2%
|
1 425
+2%
|
1 453
+2%
|
1 435
-1%
|
1 528
+6%
|
1 595
+4%
|
1 517
-5%
|
1 172
-23%
|
787
-33%
|
937
+19%
|
1 329
+42%
|
1 612
+21%
|
1 717
+7%
|
1 786
+4%
|
1 823
+2%
|
1 818
0%
|
1 805
-1%
|
1 867
+3%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(498)
|
(720)
|
(576)
|
(927)
|
(771)
|
(1 115)
|
(824)
|
(1 174)
|
(946)
|
(1 383)
|
(1 047)
|
(1 265)
|
(917)
|
(1 283)
|
(960)
|
(1 341)
|
(967)
|
(1 344)
|
(1 049)
|
(1 239)
|
(1 050)
|
(620)
|
(333)
|
(394)
|
(442)
|
(464)
|
(422)
|
(328)
|
(365)
|
(396)
|
(421)
|
(429)
|
(402)
|
(509)
|
(511)
|
(460)
|
(410)
|
(335)
|
(344)
|
(394)
|
(410)
|
(438)
|
(491)
|
(492)
|
(487)
|
(492)
|
(544)
|
|
| Gross Profit |
341
N/A
|
151
-56%
|
354
+134%
|
173
-51%
|
456
+163%
|
146
-68%
|
440
+201%
|
84
-81%
|
468
+460%
|
168
-64%
|
503
+200%
|
151
-70%
|
508
+235%
|
141
-72%
|
491
+248%
|
127
-74%
|
460
+263%
|
107
-77%
|
421
+293%
|
247
-41%
|
370
+50%
|
658
+78%
|
974
+48%
|
939
-4%
|
973
+4%
|
993
+2%
|
960
-3%
|
982
+2%
|
1 008
+3%
|
1 004
0%
|
1 004
+0%
|
1 024
+2%
|
1 033
+1%
|
1 019
-1%
|
1 084
+6%
|
1 056
-3%
|
762
-28%
|
452
-41%
|
593
+31%
|
936
+58%
|
1 202
+28%
|
1 280
+6%
|
1 296
+1%
|
1 331
+3%
|
1 331
0%
|
1 313
-1%
|
1 322
+1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(274)
|
(73)
|
(277)
|
(83)
|
(363)
|
(74)
|
(376)
|
(68)
|
(371)
|
(59)
|
(398)
|
(69)
|
(404)
|
(61)
|
(427)
|
(79)
|
(433)
|
(90)
|
(391)
|
(234)
|
(377)
|
(689)
|
(1 005)
|
(951)
|
(971)
|
(978)
|
(950)
|
(952)
|
(970)
|
(986)
|
(966)
|
(988)
|
(1 020)
|
(1 029)
|
(1 064)
|
(991)
|
(861)
|
(754)
|
(718)
|
(741)
|
(927)
|
(1 031)
|
(1 031)
|
(1 068)
|
(1 079)
|
(1 091)
|
(1 068)
|
|
| Selling, General & Administrative |
(219)
|
(15)
|
(215)
|
(18)
|
(304)
|
(15)
|
(317)
|
0
|
(305)
|
0
|
(330)
|
0
|
(346)
|
0
|
(349)
|
0
|
(351)
|
0
|
(317)
|
(161)
|
(323)
|
(624)
|
(935)
|
(890)
|
(910)
|
(923)
|
(883)
|
(883)
|
(910)
|
(927)
|
(928)
|
(957)
|
(966)
|
(962)
|
(1 000)
|
(802)
|
(546)
|
(444)
|
(466)
|
(566)
|
(683)
|
(718)
|
(730)
|
(763)
|
(767)
|
(760)
|
(735)
|
|
| Depreciation & Amortization |
(56)
|
(58)
|
(61)
|
(65)
|
(59)
|
(59)
|
(59)
|
(50)
|
(42)
|
(40)
|
(40)
|
(41)
|
(41)
|
(44)
|
(47)
|
(48)
|
(46)
|
(44)
|
(43)
|
(45)
|
(47)
|
(48)
|
(48)
|
(47)
|
(47)
|
(45)
|
(44)
|
(43)
|
(42)
|
(43)
|
(42)
|
(43)
|
(42)
|
(40)
|
(40)
|
(178)
|
(300)
|
(287)
|
(262)
|
(231)
|
(245)
|
(256)
|
(266)
|
(285)
|
(293)
|
(302)
|
(309)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(19)
|
(23)
|
(19)
|
(28)
|
(28)
|
(17)
|
(17)
|
(31)
|
(31)
|
(37)
|
(47)
|
(31)
|
(27)
|
(8)
|
(17)
|
(23)
|
(14)
|
(14)
|
(10)
|
(23)
|
(26)
|
(18)
|
(17)
|
4
|
11
|
(12)
|
(27)
|
(24)
|
(11)
|
(16)
|
(23)
|
9
|
56
|
2
|
(57)
|
(35)
|
(20)
|
(18)
|
(28)
|
(24)
|
|
| Operating Income |
67
N/A
|
79
+17%
|
77
-2%
|
90
+16%
|
93
+3%
|
73
-22%
|
65
-11%
|
60
-7%
|
98
+63%
|
109
+11%
|
105
-3%
|
83
-21%
|
104
+25%
|
80
-22%
|
64
-20%
|
48
-25%
|
27
-44%
|
17
-37%
|
29
+73%
|
13
-55%
|
(8)
N/A
|
(31)
-294%
|
(31)
-2%
|
(12)
+61%
|
3
N/A
|
15
+477%
|
11
-28%
|
30
+176%
|
38
+26%
|
17
-54%
|
38
+121%
|
36
-6%
|
13
-64%
|
(10)
N/A
|
21
N/A
|
65
+216%
|
(99)
N/A
|
(301)
-204%
|
(126)
+58%
|
195
N/A
|
276
+41%
|
249
-10%
|
265
+7%
|
263
-1%
|
252
-4%
|
222
-12%
|
254
+14%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(15)
|
0
|
(14)
|
0
|
(11)
|
0
|
(8)
|
(5)
|
(6)
|
(3)
|
(5)
|
(8)
|
(11)
|
(13)
|
(14)
|
(15)
|
(13)
|
(14)
|
(16)
|
(17)
|
(18)
|
(18)
|
(17)
|
(22)
|
(19)
|
(15)
|
(18)
|
(19)
|
(25)
|
(34)
|
(46)
|
(35)
|
(17)
|
(18)
|
(19)
|
(87)
|
(170)
|
(186)
|
(224)
|
(261)
|
(263)
|
(255)
|
(237)
|
(221)
|
(209)
|
(200)
|
(191)
|
|
| Non-Reccuring Items |
6
|
(3)
|
(7)
|
(5)
|
(4)
|
(6)
|
(5)
|
(6)
|
11
|
20
|
(3)
|
(5)
|
(5)
|
(5)
|
(1)
|
(7)
|
(20)
|
(25)
|
(10)
|
(3)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
(128)
|
(119)
|
(34)
|
(39)
|
379
|
375
|
(76)
|
(80)
|
(27)
|
(21)
|
(17)
|
|
| Total Other Income |
0
|
(14)
|
0
|
(13)
|
(0)
|
(9)
|
(0)
|
(3)
|
0
|
0
|
1
|
1
|
0
|
(0)
|
1
|
2
|
(1)
|
(2)
|
(0)
|
(1)
|
(0)
|
1
|
1
|
0
|
(1)
|
1
|
1
|
0
|
(1)
|
(0)
|
1
|
1
|
0
|
1
|
0
|
(0)
|
0
|
(0)
|
(1)
|
(1)
|
(53)
|
(52)
|
(2)
|
2
|
4
|
(2)
|
(1)
|
|
| Pre-Tax Income |
57
N/A
|
61
+7%
|
57
-7%
|
72
+26%
|
79
+10%
|
58
-27%
|
52
-10%
|
46
-12%
|
103
+126%
|
126
+22%
|
98
-22%
|
70
-29%
|
87
+25%
|
63
-28%
|
50
-21%
|
28
-45%
|
(7)
N/A
|
(24)
-226%
|
3
N/A
|
(8)
N/A
|
(32)
-288%
|
(48)
-51%
|
(47)
+1%
|
(34)
+29%
|
(16)
+51%
|
2
N/A
|
(6)
N/A
|
11
N/A
|
12
+12%
|
(17)
N/A
|
(7)
+60%
|
2
N/A
|
(4)
N/A
|
(27)
-594%
|
2
N/A
|
(32)
N/A
|
(397)
-1 157%
|
(606)
-53%
|
(384)
+37%
|
(105)
+73%
|
339
N/A
|
317
-7%
|
(51)
N/A
|
(36)
+29%
|
20
N/A
|
(1)
N/A
|
45
N/A
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(19)
|
(15)
|
(9)
|
(15)
|
(19)
|
(16)
|
(17)
|
(21)
|
(30)
|
(35)
|
(23)
|
(6)
|
(14)
|
(11)
|
(8)
|
(3)
|
15
|
15
|
7
|
11
|
5
|
(23)
|
(0)
|
2
|
(7)
|
(7)
|
(8)
|
(8)
|
(14)
|
(16)
|
(15)
|
(16)
|
(27)
|
(23)
|
(33)
|
(37)
|
(3)
|
(15)
|
(18)
|
(20)
|
(33)
|
(18)
|
(19)
|
(30)
|
(1)
|
2
|
(17)
|
|
| Income from Continuing Operations |
38
|
46
|
48
|
57
|
60
|
42
|
34
|
25
|
74
|
91
|
75
|
64
|
73
|
52
|
42
|
25
|
7
|
(10)
|
11
|
3
|
(27)
|
(71)
|
(48)
|
(32)
|
(23)
|
(5)
|
(15)
|
3
|
(2)
|
(34)
|
(22)
|
(14)
|
(31)
|
(50)
|
(30)
|
(68)
|
(400)
|
(621)
|
(402)
|
(125)
|
306
|
299
|
(70)
|
(66)
|
19
|
1
|
28
|
|
| Income to Minority Interest |
(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)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(8)
|
(8)
|
0
|
0
|
|
| Equity Earnings Affiliates |
0
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(1)
|
0
|
5
|
3
|
(1)
|
(6)
|
(15)
|
(34)
|
(30)
|
(15)
|
(13)
|
(3)
|
(4)
|
(25)
|
(37)
|
(25)
|
(24)
|
(15)
|
3
|
7
|
8
|
9
|
8
|
5
|
|
| Net Income (Common) |
38
N/A
|
45
+18%
|
47
+6%
|
56
+18%
|
60
+6%
|
41
-30%
|
34
-17%
|
25
-29%
|
74
+201%
|
91
+23%
|
75
-17%
|
64
-15%
|
73
+15%
|
52
-29%
|
42
-19%
|
25
-42%
|
7
-70%
|
(10)
N/A
|
11
N/A
|
3
-73%
|
(27)
N/A
|
(71)
-159%
|
(48)
+33%
|
(33)
+30%
|
(23)
+30%
|
(0)
+99%
|
(12)
-3 745%
|
1
N/A
|
(7)
N/A
|
(49)
-553%
|
(57)
-17%
|
(43)
+24%
|
(46)
-6%
|
(64)
-38%
|
(33)
+48%
|
(72)
-117%
|
(425)
-494%
|
(658)
-55%
|
(426)
+35%
|
(149)
+65%
|
291
N/A
|
302
+4%
|
(63)
N/A
|
(65)
-4%
|
20
N/A
|
9
-53%
|
34
+259%
|
|
| EPS (Diluted) |
4.5
N/A
|
1.35
-70%
|
5.39
+299%
|
1.67
-69%
|
6.76
+305%
|
1.19
-82%
|
3.85
+224%
|
0.72
-81%
|
8.37
+1 063%
|
2.69
-68%
|
8.53
+217%
|
1.89
-78%
|
8.34
+341%
|
1.56
-81%
|
4.82
+209%
|
0.73
-85%
|
0.83
+14%
|
-0.28
N/A
|
1.2
N/A
|
0.08
-93%
|
-3.18
N/A
|
-2.16
+32%
|
-5.67
-162%
|
-1.01
+82%
|
-2.77
-174%
|
-0.01
+100%
|
-1.37
-13 600%
|
0.05
N/A
|
-0.21
N/A
|
-1.31
-524%
|
-1.54
-18%
|
-1.18
+23%
|
-1.25
-6%
|
-1.72
-38%
|
-0.89
+48%
|
-1.94
-118%
|
-11.5
-493%
|
-17.46
-52%
|
-11.28
+35%
|
-3.91
+65%
|
10.28
N/A
|
0.66
-94%
|
-0.14
N/A
|
-0.14
N/A
|
0.04
N/A
|
0.02
-50%
|
0.07
+250%
|
|