Big Shopping Centers Ltd
TASE:BIG
Income Statement
Earnings Waterfall
Big Shopping Centers Ltd
Income Statement
Big Shopping Centers Ltd
| Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | 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 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
70
|
0
|
0
|
0
|
102
|
0
|
0
|
0
|
97
|
0
|
0
|
0
|
121
|
0
|
0
|
0
|
170
|
0
|
0
|
0
|
99
|
0
|
0
|
0
|
124
|
0
|
0
|
0
|
92
|
0
|
0
|
0
|
108
|
0
|
0
|
0
|
119
|
0
|
0
|
0
|
140
|
0
|
0
|
0
|
188
|
0
|
0
|
0
|
176
|
0
|
0
|
0
|
140
|
0
|
0
|
0
|
483
|
0
|
0
|
0
|
768
|
0
|
0
|
0
|
734
|
0
|
0
|
0
|
980
|
0
|
0
|
0
|
|
| Revenue |
120
N/A
|
126
+4%
|
134
+7%
|
143
+6%
|
149
+4%
|
157
+5%
|
161
+3%
|
165
+3%
|
171
+3%
|
176
+3%
|
182
+4%
|
211
+16%
|
240
+14%
|
280
+16%
|
319
+14%
|
341
+7%
|
368
+8%
|
335
-9%
|
304
-10%
|
268
-12%
|
434
+62%
|
253
-42%
|
267
+6%
|
283
+6%
|
287
+2%
|
298
+4%
|
307
+3%
|
320
+4%
|
346
+8%
|
380
+10%
|
420
+11%
|
458
+9%
|
479
+5%
|
500
+4%
|
508
+2%
|
516
+2%
|
533
+3%
|
541
+1%
|
555
+3%
|
573
+3%
|
588
+3%
|
605
+3%
|
626
+3%
|
638
+2%
|
657
+3%
|
672
+2%
|
681
+1%
|
693
+2%
|
693
0%
|
678
-2%
|
629
-7%
|
616
-2%
|
598
-3%
|
872
+46%
|
1 185
+36%
|
1 509
+27%
|
1 807
+20%
|
1 816
+1%
|
1 846
+2%
|
1 880
+2%
|
1 950
+4%
|
2 025
+4%
|
2 101
+4%
|
2 255
+7%
|
2 337
+4%
|
2 400
+3%
|
2 474
+3%
|
2 454
-1%
|
2 508
+2%
|
2 595
+3%
|
2 690
+4%
|
2 764
+3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(24)
|
(28)
|
(29)
|
(29)
|
(23)
|
(23)
|
(22)
|
(23)
|
(27)
|
(25)
|
(26)
|
(33)
|
(43)
|
(59)
|
(73)
|
(79)
|
(85)
|
(72)
|
(60)
|
(50)
|
(97)
|
(50)
|
(58)
|
(70)
|
(77)
|
(76)
|
(81)
|
(87)
|
(99)
|
(105)
|
(112)
|
(121)
|
(128)
|
(127)
|
(128)
|
(128)
|
(137)
|
(131)
|
(133)
|
(135)
|
(148)
|
(148)
|
(154)
|
(160)
|
(172)
|
(174)
|
(178)
|
(180)
|
(182)
|
(171)
|
(166)
|
(165)
|
(163)
|
(291)
|
(436)
|
(606)
|
(741)
|
(719)
|
(702)
|
(739)
|
(776)
|
(794)
|
(810)
|
(891)
|
(926)
|
(924)
|
(930)
|
(803)
|
(778)
|
(773)
|
(786)
|
(783)
|
|
| Gross Profit |
97
N/A
|
98
+1%
|
106
+8%
|
114
+7%
|
126
+11%
|
134
+6%
|
139
+3%
|
142
+2%
|
144
+1%
|
151
+5%
|
156
+4%
|
178
+14%
|
197
+11%
|
221
+12%
|
246
+11%
|
263
+7%
|
283
+8%
|
264
-7%
|
244
-7%
|
218
-11%
|
337
+54%
|
203
-40%
|
209
+3%
|
213
+2%
|
210
-1%
|
222
+6%
|
226
+2%
|
233
+3%
|
247
+6%
|
275
+11%
|
308
+12%
|
337
+9%
|
351
+4%
|
372
+6%
|
380
+2%
|
388
+2%
|
396
+2%
|
409
+3%
|
421
+3%
|
437
+4%
|
440
+1%
|
458
+4%
|
472
+3%
|
478
+1%
|
485
+1%
|
498
+3%
|
503
+1%
|
513
+2%
|
511
0%
|
506
-1%
|
462
-9%
|
451
-2%
|
435
-4%
|
581
+34%
|
749
+29%
|
903
+21%
|
1 066
+18%
|
1 097
+3%
|
1 144
+4%
|
1 141
0%
|
1 174
+3%
|
1 231
+5%
|
1 290
+5%
|
1 364
+6%
|
1 411
+3%
|
1 476
+5%
|
1 543
+5%
|
1 651
+7%
|
1 730
+5%
|
1 822
+5%
|
1 903
+4%
|
1 980
+4%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(18)
|
(18)
|
(18)
|
(21)
|
(26)
|
(27)
|
(27)
|
(28)
|
(25)
|
(25)
|
7
|
4
|
17
|
13
|
(30)
|
(30)
|
(49)
|
(48)
|
(41)
|
(42)
|
(58)
|
(50)
|
(52)
|
(57)
|
(47)
|
(57)
|
(61)
|
(61)
|
(51)
|
(61)
|
(66)
|
(68)
|
(65)
|
(71)
|
(69)
|
(72)
|
(69)
|
(91)
|
(96)
|
(97)
|
(85)
|
(95)
|
(98)
|
(100)
|
(93)
|
(8)
|
(7)
|
(10)
|
(5)
|
(102)
|
(99)
|
(98)
|
(86)
|
(112)
|
(147)
|
(172)
|
(193)
|
(199)
|
(106)
|
(151)
|
(158)
|
(175)
|
(257)
|
(225)
|
(229)
|
(245)
|
(268)
|
(286)
|
(309)
|
(330)
|
(351)
|
(355)
|
|
| Selling, General & Administrative |
(17)
|
(18)
|
(18)
|
(20)
|
(24)
|
(26)
|
(26)
|
(26)
|
(24)
|
(24)
|
(27)
|
(30)
|
(37)
|
(41)
|
(49)
|
(49)
|
(47)
|
(46)
|
(40)
|
(40)
|
(56)
|
(49)
|
(51)
|
(55)
|
(45)
|
(56)
|
(58)
|
(58)
|
(53)
|
(63)
|
(70)
|
(72)
|
(64)
|
(73)
|
(70)
|
(74)
|
(71)
|
(76)
|
(80)
|
(81)
|
(83)
|
(92)
|
(93)
|
(94)
|
(87)
|
(96)
|
(95)
|
(98)
|
(93)
|
(97)
|
(98)
|
(97)
|
(86)
|
(113)
|
(134)
|
(159)
|
(188)
|
(196)
|
(209)
|
(253)
|
(250)
|
(267)
|
(268)
|
(237)
|
(240)
|
(256)
|
(265)
|
(284)
|
(290)
|
(307)
|
(322)
|
(330)
|
|
| Depreciation & Amortization |
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(8)
|
(8)
|
(11)
|
(12)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
35
|
35
|
55
|
55
|
20
|
21
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
4
|
4
|
5
|
5
|
0
|
3
|
3
|
3
|
3
|
(14)
|
(15)
|
(15)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
93
|
94
|
94
|
94
|
0
|
5
|
5
|
5
|
6
|
(7)
|
(7)
|
1
|
3
|
109
|
109
|
98
|
99
|
17
|
18
|
19
|
19
|
5
|
7
|
(10)
|
(15)
|
(18)
|
(13)
|
|
| Operating Income |
79
N/A
|
80
+2%
|
87
+9%
|
93
+6%
|
101
+8%
|
107
+6%
|
112
+4%
|
115
+3%
|
119
+4%
|
126
+6%
|
163
+30%
|
182
+12%
|
215
+18%
|
233
+9%
|
215
-8%
|
232
+8%
|
234
+1%
|
216
-8%
|
203
-6%
|
176
-13%
|
279
+58%
|
153
-45%
|
157
+3%
|
156
-1%
|
164
+5%
|
165
+1%
|
165
+0%
|
172
+4%
|
196
+14%
|
214
+9%
|
242
+13%
|
269
+11%
|
286
+6%
|
301
+5%
|
311
+3%
|
316
+2%
|
327
+4%
|
318
-3%
|
326
+2%
|
340
+4%
|
355
+4%
|
363
+2%
|
373
+3%
|
378
+1%
|
392
+4%
|
490
+25%
|
497
+1%
|
504
+1%
|
506
+1%
|
404
-20%
|
364
-10%
|
354
-3%
|
349
-1%
|
469
+35%
|
602
+28%
|
731
+21%
|
873
+19%
|
898
+3%
|
1 038
+16%
|
990
-5%
|
1 016
+3%
|
1 056
+4%
|
1 033
-2%
|
1 139
+10%
|
1 182
+4%
|
1 231
+4%
|
1 275
+4%
|
1 364
+7%
|
1 422
+4%
|
1 491
+5%
|
1 552
+4%
|
1 625
+5%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
157
|
209
|
247
|
198
|
30
|
9
|
(32)
|
(9)
|
30
|
21
|
35
|
117
|
95
|
93
|
141
|
61
|
21
|
137
|
144
|
157
|
100
|
156
|
215
|
242
|
250
|
175
|
68
|
111
|
367
|
373
|
605
|
487
|
259
|
309
|
86
|
151
|
117
|
21
|
170
|
94
|
114
|
84
|
(121)
|
(204)
|
(182)
|
(200)
|
(216)
|
(66)
|
214
|
(58)
|
(61)
|
(82)
|
(394)
|
(193)
|
(164)
|
41
|
741
|
793
|
1 149
|
1 036
|
770
|
625
|
231
|
137
|
(2)
|
(27)
|
78
|
565
|
582
|
899
|
753
|
565
|
|
| 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
|
(5)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(14)
|
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 |
12
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(1)
|
0
|
2
|
2
|
(3)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(40)
|
0
|
0
|
0
|
1
|
0
|
1
|
0
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
(69)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
29
|
0
|
0
|
0
|
|
| Pre-Tax Income |
248
N/A
|
289
+17%
|
334
+16%
|
291
-13%
|
140
-52%
|
117
-16%
|
80
-32%
|
106
+33%
|
152
+43%
|
147
-3%
|
198
+34%
|
299
+51%
|
314
+5%
|
326
+4%
|
356
+9%
|
294
-18%
|
250
-15%
|
353
+41%
|
346
-2%
|
333
-4%
|
373
+12%
|
309
-17%
|
372
+21%
|
399
+7%
|
412
+3%
|
340
-17%
|
233
-31%
|
283
+21%
|
555
+96%
|
588
+6%
|
847
+44%
|
756
-11%
|
532
-30%
|
610
+15%
|
397
-35%
|
467
+18%
|
390
-16%
|
339
-13%
|
496
+46%
|
434
-13%
|
470
+8%
|
447
-5%
|
252
-44%
|
174
-31%
|
209
+20%
|
290
+39%
|
280
-3%
|
437
+56%
|
721
+65%
|
346
-52%
|
303
-12%
|
272
-10%
|
(47)
N/A
|
277
N/A
|
438
+58%
|
772
+76%
|
1 580
+105%
|
1 691
+7%
|
2 186
+29%
|
2 026
-7%
|
1 718
-15%
|
1 682
-2%
|
1 264
-25%
|
1 277
+1%
|
1 171
-8%
|
1 204
+3%
|
1 353
+12%
|
1 929
+43%
|
2 033
+5%
|
2 391
+18%
|
2 305
-4%
|
2 190
-5%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(63)
|
(73)
|
(83)
|
(72)
|
(35)
|
(33)
|
(24)
|
25
|
18
|
23
|
20
|
(47)
|
(51)
|
(45)
|
(69)
|
(63)
|
(154)
|
(179)
|
(171)
|
(164)
|
(90)
|
(84)
|
(92)
|
(119)
|
(109)
|
(81)
|
(60)
|
(67)
|
(127)
|
(137)
|
(234)
|
(194)
|
(175)
|
(183)
|
(99)
|
(125)
|
(63)
|
(59)
|
(80)
|
(59)
|
23
|
33
|
72
|
93
|
(31)
|
(34)
|
(25)
|
(61)
|
(113)
|
(63)
|
(68)
|
(52)
|
8
|
(60)
|
(8)
|
(88)
|
(237)
|
(236)
|
(399)
|
(351)
|
(306)
|
(291)
|
(225)
|
(242)
|
(199)
|
(227)
|
(256)
|
(338)
|
(412)
|
(483)
|
(451)
|
(439)
|
|
| Income from Continuing Operations |
185
|
216
|
252
|
219
|
104
|
83
|
56
|
131
|
170
|
170
|
218
|
252
|
263
|
281
|
287
|
231
|
96
|
174
|
175
|
169
|
282
|
225
|
280
|
279
|
302
|
259
|
173
|
216
|
428
|
450
|
613
|
562
|
357
|
427
|
298
|
342
|
327
|
280
|
416
|
375
|
493
|
480
|
324
|
268
|
177
|
257
|
256
|
376
|
608
|
283
|
235
|
219
|
(39)
|
217
|
430
|
684
|
1 343
|
1 455
|
1 788
|
1 675
|
1 411
|
1 390
|
1 039
|
1 035
|
973
|
976
|
1 097
|
1 591
|
1 620
|
1 908
|
1 854
|
1 751
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(3)
|
(4)
|
(5)
|
(5)
|
(4)
|
(3)
|
(5)
|
(14)
|
(13)
|
(16)
|
(20)
|
(5)
|
(7)
|
(23)
|
(63)
|
(65)
|
(101)
|
(84)
|
(48)
|
(59)
|
(24)
|
(31)
|
(27)
|
(19)
|
(18)
|
(9)
|
(32)
|
(24)
|
(23)
|
(11)
|
9
|
13
|
15
|
9
|
5
|
31
|
34
|
25
|
30
|
(25)
|
(64)
|
(161)
|
(295)
|
(304)
|
(395)
|
(322)
|
(207)
|
(192)
|
(82)
|
(81)
|
(112)
|
(111)
|
(126)
|
(159)
|
(161)
|
(160)
|
(148)
|
(171)
|
|
| Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
3
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
185
N/A
|
216
+17%
|
252
+17%
|
219
-13%
|
93
-58%
|
83
-10%
|
56
-33%
|
131
+134%
|
177
+36%
|
170
-4%
|
218
+28%
|
252
+15%
|
266
+6%
|
281
+6%
|
284
+1%
|
227
-20%
|
91
-60%
|
169
+86%
|
172
+1%
|
166
-3%
|
278
+67%
|
211
-24%
|
267
+27%
|
263
-1%
|
282
+7%
|
254
-10%
|
166
-35%
|
193
+17%
|
365
+89%
|
385
+6%
|
513
+33%
|
478
-7%
|
309
-35%
|
368
+19%
|
274
-26%
|
311
+14%
|
300
-4%
|
260
-13%
|
398
+53%
|
367
-8%
|
461
+26%
|
456
-1%
|
301
-34%
|
257
-15%
|
187
-27%
|
269
+44%
|
271
+1%
|
386
+42%
|
613
+59%
|
315
-49%
|
269
-15%
|
244
-9%
|
(9)
N/A
|
191
N/A
|
366
+91%
|
523
+43%
|
1 048
+100%
|
1 150
+10%
|
1 393
+21%
|
1 354
-3%
|
1 205
-11%
|
1 198
-1%
|
957
-20%
|
953
0%
|
861
-10%
|
866
+1%
|
971
+12%
|
1 431
+47%
|
1 459
+2%
|
1 748
+20%
|
1 706
-2%
|
1 580
-7%
|
|
| EPS (Diluted) |
17.15
N/A
|
20.19
+18%
|
23.98
+19%
|
20.8
-13%
|
8.8
-58%
|
7.92
-10%
|
5.32
-33%
|
12.43
+134%
|
16.25
+31%
|
16.18
0%
|
19.5
+21%
|
21.34
+9%
|
22.93
+7%
|
24.25
+6%
|
23.26
-4%
|
19.35
-17%
|
7.82
-60%
|
14.23
+82%
|
14.54
+2%
|
14.08
-3%
|
23.32
+66%
|
17.85
-23%
|
22.6
+27%
|
22.3
-1%
|
23.9
+7%
|
21.55
-10%
|
14.03
-35%
|
16.38
+17%
|
30.78
+88%
|
32.37
+5%
|
41.34
+28%
|
38.56
-7%
|
24.8
-36%
|
29.44
+19%
|
21.41
-27%
|
23.41
+9%
|
23.04
-2%
|
19.14
-17%
|
29.28
+53%
|
26.75
-9%
|
33.61
+26%
|
33.52
0%
|
21.98
-34%
|
18.77
-15%
|
13.6
-28%
|
19.6
+44%
|
19.36
-1%
|
26.03
+34%
|
42.7
+64%
|
21.28
-50%
|
18.16
-15%
|
16.43
-10%
|
-0.62
N/A
|
9.64
N/A
|
18.02
+87%
|
24.42
+36%
|
52.07
+113%
|
52.99
+2%
|
64.4
+22%
|
56.86
-12%
|
53.04
-7%
|
49.66
-6%
|
39.61
-20%
|
38.62
-2%
|
35.27
-9%
|
35.1
0%
|
39.42
+12%
|
58.1
+47%
|
59.3
+2%
|
69.76
+18%
|
68.1
-2%
|
62.36
-8%
|
|