FMS Enterprises Migun Ltd
TASE:FBRT
Income Statement
Earnings Waterfall
FMS Enterprises Migun Ltd
Revenue
|
113.4m
USD
|
Cost of Revenue
|
-66.1m
USD
|
Gross Profit
|
47.3m
USD
|
Operating Expenses
|
-7.8m
USD
|
Operating Income
|
39.5m
USD
|
Other Expenses
|
-1.8m
USD
|
Net Income
|
37.7m
USD
|
Income Statement
FMS Enterprises Migun Ltd
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 |
51
N/A
|
55
+8%
|
59
+7%
|
66
+11%
|
68
+4%
|
70
+2%
|
70
0%
|
68
-2%
|
73
+7%
|
72
-2%
|
74
+3%
|
75
+2%
|
75
+0%
|
80
+6%
|
79
-1%
|
79
0%
|
76
-3%
|
74
-2%
|
70
-7%
|
68
-3%
|
69
+2%
|
68
-1%
|
75
+10%
|
81
+8%
|
88
+8%
|
88
0%
|
76
-13%
|
67
-12%
|
61
-9%
|
64
+5%
|
75
+17%
|
78
+5%
|
79
+0%
|
79
+0%
|
83
+6%
|
90
+8%
|
95
+5%
|
100
+6%
|
97
-3%
|
95
-2%
|
113
+19%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(30)
|
(33)
|
(34)
|
(37)
|
(39)
|
(39)
|
(40)
|
(39)
|
(42)
|
(42)
|
(43)
|
(43)
|
(44)
|
(45)
|
(45)
|
(45)
|
(44)
|
(44)
|
(43)
|
(43)
|
(44)
|
(44)
|
(46)
|
(48)
|
(50)
|
(49)
|
(44)
|
(39)
|
(35)
|
(37)
|
(43)
|
(45)
|
(45)
|
(46)
|
(50)
|
(54)
|
(57)
|
(60)
|
(59)
|
(59)
|
(66)
|
|
Gross Profit |
21
N/A
|
23
+8%
|
25
+10%
|
29
+15%
|
30
+3%
|
31
+4%
|
30
-4%
|
29
-2%
|
31
+6%
|
29
-4%
|
31
+4%
|
32
+3%
|
31
-1%
|
35
+10%
|
34
-1%
|
33
-3%
|
32
-4%
|
30
-6%
|
26
-12%
|
25
-7%
|
25
+2%
|
24
-3%
|
29
+21%
|
33
+13%
|
38
+14%
|
39
+2%
|
32
-16%
|
28
-13%
|
25
-10%
|
27
+6%
|
32
+22%
|
34
+5%
|
33
-2%
|
33
-2%
|
34
+3%
|
36
+8%
|
38
+4%
|
40
+6%
|
38
-5%
|
36
-6%
|
47
+32%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(7)
|
(7)
|
(8)
|
|
Selling, General & Administrative |
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(8)
|
|
Depreciation & Amortization |
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)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
|
Operating Income |
15
N/A
|
16
+7%
|
18
+11%
|
22
+20%
|
23
+4%
|
24
+6%
|
23
-4%
|
23
-1%
|
24
+6%
|
23
-5%
|
24
+5%
|
24
+0%
|
25
+4%
|
28
+11%
|
27
-3%
|
27
-2%
|
24
-9%
|
23
-6%
|
20
-12%
|
18
-12%
|
18
+3%
|
17
-5%
|
22
+27%
|
27
+22%
|
31
+17%
|
32
+3%
|
27
-17%
|
22
-19%
|
19
-13%
|
20
+5%
|
25
+26%
|
26
+6%
|
26
-2%
|
26
-1%
|
27
+5%
|
29
+8%
|
30
+4%
|
32
+8%
|
31
-5%
|
29
-7%
|
40
+38%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
0
|
1
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
3
|
4
|
4
|
6
|
|
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
|
|
Total Other Income |
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(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
|
|
Pre-Tax Income |
15
N/A
|
16
+10%
|
18
+12%
|
22
+18%
|
22
0%
|
23
+5%
|
22
-3%
|
22
-1%
|
24
+10%
|
23
-4%
|
24
+3%
|
24
+2%
|
25
+5%
|
28
+10%
|
28
-1%
|
27
-2%
|
25
-9%
|
23
-5%
|
20
-13%
|
18
-11%
|
19
+4%
|
18
-6%
|
23
+27%
|
27
+21%
|
32
+17%
|
33
+4%
|
28
-16%
|
23
-18%
|
20
-13%
|
21
+4%
|
25
+23%
|
27
+6%
|
26
-3%
|
26
-1%
|
27
+5%
|
30
+10%
|
31
+6%
|
35
+11%
|
34
-2%
|
33
-4%
|
46
+39%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(4)
|
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(5)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(8)
|
|
Income from Continuing Operations |
11
|
13
|
14
|
17
|
16
|
17
|
17
|
17
|
19
|
19
|
19
|
20
|
20
|
22
|
22
|
22
|
21
|
20
|
17
|
15
|
15
|
14
|
19
|
23
|
27
|
27
|
23
|
19
|
17
|
17
|
21
|
22
|
22
|
21
|
22
|
24
|
25
|
28
|
28
|
27
|
38
|
|
Net Income (Common) |
11
N/A
|
13
+16%
|
14
+9%
|
17
+16%
|
16
-3%
|
17
+6%
|
17
-2%
|
17
+1%
|
19
+13%
|
19
-3%
|
19
+2%
|
20
+3%
|
20
+2%
|
22
+11%
|
22
-1%
|
22
-2%
|
21
-5%
|
20
-5%
|
17
-14%
|
15
-10%
|
15
+1%
|
14
-5%
|
19
+29%
|
23
+22%
|
27
+18%
|
27
+2%
|
23
-16%
|
19
-19%
|
17
-11%
|
17
+4%
|
21
+22%
|
22
+6%
|
22
-4%
|
21
-2%
|
22
+2%
|
24
+9%
|
25
+6%
|
28
+13%
|
28
-1%
|
27
-5%
|
38
+41%
|
|
EPS (Diluted) |
1.23
N/A
|
1.43
+16%
|
1.56
+9%
|
1.82
+17%
|
1.77
-3%
|
1.87
+6%
|
1.83
-2%
|
1.84
+1%
|
2.09
+14%
|
2.03
-3%
|
2.08
+2%
|
2.15
+3%
|
2.19
+2%
|
2.44
+11%
|
2.43
0%
|
2.38
-2%
|
2.25
-5%
|
2.14
-5%
|
1.84
-14%
|
1.65
-10%
|
1.66
+1%
|
1.57
-5%
|
2.02
+29%
|
2.47
+22%
|
2.91
+18%
|
2.98
+2%
|
2.51
-16%
|
2.02
-20%
|
1.8
-11%
|
1.88
+4%
|
2.3
+22%
|
2.45
+7%
|
2.36
-4%
|
2.31
-2%
|
2.36
+2%
|
2.57
+9%
|
2.71
+5%
|
3.07
+13%
|
3.01
-2%
|
2.9
-4%
|
4.1
+41%
|