Shalag Industries Ltd
TASE:SALG
Income Statement
Earnings Waterfall
Shalag Industries Ltd
Income Statement
Shalag Industries Ltd
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Revenue |
417
N/A
|
415
0%
|
418
+1%
|
431
+3%
|
443
+3%
|
461
+4%
|
474
+3%
|
482
+2%
|
496
+3%
|
491
-1%
|
492
+0%
|
488
-1%
|
473
-3%
|
461
-3%
|
461
0%
|
456
-1%
|
457
+0%
|
465
+2%
|
447
-4%
|
442
-1%
|
429
-3%
|
431
+0%
|
427
-1%
|
421
-1%
|
423
+1%
|
406
-4%
|
399
-2%
|
446
+12%
|
490
+10%
|
568
+16%
|
637
+12%
|
656
+3%
|
684
+4%
|
686
+0%
|
689
+0%
|
679
-1%
|
681
+0%
|
680
0%
|
685
+1%
|
697
+2%
|
693
0%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(335)
|
(333)
|
(338)
|
(342)
|
(348)
|
(360)
|
(364)
|
(369)
|
(380)
|
(377)
|
(381)
|
(375)
|
(359)
|
(346)
|
(342)
|
(342)
|
(346)
|
(353)
|
(341)
|
(336)
|
(326)
|
(326)
|
(326)
|
(327)
|
(332)
|
(322)
|
(321)
|
(359)
|
(395)
|
(444)
|
(494)
|
(495)
|
(505)
|
(517)
|
(522)
|
(538)
|
(556)
|
(566)
|
(577)
|
(579)
|
(571)
|
|
| Gross Profit |
82
N/A
|
82
0%
|
80
-2%
|
89
+10%
|
95
+8%
|
101
+6%
|
109
+8%
|
113
+3%
|
116
+2%
|
113
-2%
|
111
-2%
|
112
+1%
|
114
+2%
|
114
+0%
|
119
+4%
|
113
-4%
|
111
-2%
|
112
+1%
|
106
-5%
|
106
0%
|
104
-2%
|
105
+1%
|
101
-4%
|
94
-7%
|
91
-3%
|
83
-9%
|
79
-6%
|
87
+10%
|
95
+10%
|
123
+30%
|
143
+16%
|
161
+13%
|
178
+11%
|
169
-5%
|
167
-1%
|
142
-15%
|
125
-12%
|
114
-9%
|
108
-5%
|
118
+9%
|
123
+4%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(49)
|
(49)
|
(48)
|
(48)
|
(49)
|
(49)
|
(51)
|
(51)
|
(52)
|
(52)
|
(51)
|
(50)
|
(50)
|
(50)
|
(50)
|
(50)
|
(49)
|
(49)
|
(47)
|
(47)
|
(46)
|
(47)
|
(45)
|
(46)
|
(48)
|
(48)
|
(50)
|
(57)
|
(63)
|
(71)
|
(77)
|
(77)
|
(77)
|
(80)
|
(81)
|
(79)
|
(84)
|
(86)
|
(92)
|
(95)
|
(95)
|
|
| Selling, General & Administrative |
(49)
|
(49)
|
(48)
|
(48)
|
(49)
|
(49)
|
(50)
|
(50)
|
(52)
|
(52)
|
(51)
|
(50)
|
(50)
|
(50)
|
(50)
|
(49)
|
(49)
|
(49)
|
(48)
|
(46)
|
(46)
|
(47)
|
(47)
|
(47)
|
(49)
|
(49)
|
(48)
|
(53)
|
(60)
|
(68)
|
(78)
|
(76)
|
(77)
|
(81)
|
(81)
|
(78)
|
(84)
|
(84)
|
(89)
|
(94)
|
(93)
|
|
| Research & Development |
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
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
|
| 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
|
1
|
1
|
1
|
1
|
(3)
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(3)
|
0
|
(2)
|
|
| Operating Income |
33
N/A
|
33
-2%
|
32
-1%
|
40
+24%
|
47
+16%
|
53
+13%
|
59
+12%
|
62
+5%
|
64
+3%
|
61
-3%
|
59
-3%
|
62
+4%
|
64
+4%
|
65
+1%
|
69
+7%
|
64
-7%
|
62
-3%
|
63
+2%
|
59
-7%
|
59
+1%
|
58
-2%
|
58
+0%
|
55
-5%
|
48
-14%
|
43
-9%
|
35
-18%
|
28
-20%
|
30
+5%
|
32
+7%
|
52
+63%
|
65
+26%
|
84
+29%
|
101
+20%
|
89
-13%
|
86
-3%
|
63
-27%
|
41
-34%
|
28
-32%
|
17
-40%
|
23
+38%
|
27
+18%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(8)
|
(8)
|
4
|
(10)
|
(8)
|
(4)
|
(3)
|
(7)
|
(3)
|
(12)
|
(8)
|
(12)
|
(19)
|
(13)
|
(18)
|
(6)
|
6
|
3
|
12
|
3
|
(6)
|
(11)
|
(17)
|
(11)
|
(12)
|
(5)
|
(13)
|
(14)
|
(14)
|
(21)
|
(22)
|
(21)
|
(6)
|
(5)
|
1
|
16
|
|
| 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
|
(2)
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(5)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
12
|
0
|
|
| Pre-Tax Income |
31
N/A
|
30
-5%
|
29
-2%
|
37
+29%
|
43
+15%
|
45
+4%
|
52
+15%
|
57
+11%
|
54
-6%
|
53
-1%
|
55
+4%
|
54
-2%
|
57
+6%
|
62
+8%
|
57
-7%
|
56
-2%
|
50
-11%
|
44
-12%
|
46
+4%
|
41
-9%
|
52
+25%
|
64
+23%
|
58
-9%
|
58
+1%
|
47
-20%
|
29
-37%
|
17
-41%
|
12
-33%
|
21
+81%
|
40
+91%
|
60
+50%
|
70
+16%
|
87
+25%
|
74
-15%
|
65
-12%
|
42
-35%
|
21
-51%
|
22
+5%
|
12
-47%
|
33
+190%
|
43
+29%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(9)
|
(10)
|
(11)
|
(13)
|
(12)
|
(12)
|
(11)
|
(9)
|
(8)
|
(7)
|
(5)
|
(3)
|
(3)
|
(4)
|
(5)
|
(6)
|
(5)
|
(3)
|
(3)
|
(3)
|
(3)
|
(7)
|
(9)
|
(5)
|
(10)
|
(8)
|
(7)
|
(5)
|
(1)
|
(2)
|
1
|
(8)
|
(9)
|
|
| Income from Continuing Operations |
26
|
25
|
25
|
34
|
39
|
40
|
46
|
50
|
45
|
44
|
44
|
41
|
45
|
50
|
47
|
47
|
42
|
37
|
41
|
39
|
49
|
60
|
53
|
53
|
41
|
26
|
15
|
9
|
18
|
33
|
51
|
64
|
77
|
66
|
57
|
37
|
19
|
20
|
13
|
25
|
34
|
|
| Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Net Income (Common) |
25
N/A
|
24
-5%
|
23
-3%
|
32
+37%
|
37
+15%
|
38
+3%
|
44
+17%
|
48
+9%
|
43
-11%
|
42
-2%
|
42
+1%
|
39
-8%
|
43
+11%
|
48
+11%
|
45
-6%
|
45
+1%
|
41
-10%
|
36
-13%
|
40
+11%
|
38
-5%
|
48
+27%
|
59
+22%
|
52
-12%
|
52
-1%
|
41
-22%
|
26
-37%
|
14
-44%
|
9
-39%
|
18
+103%
|
33
+84%
|
50
+53%
|
63
+27%
|
76
+20%
|
65
-14%
|
56
-13%
|
36
-36%
|
19
-48%
|
19
+3%
|
12
-39%
|
25
+109%
|
33
+32%
|
|
| EPS (Diluted) |
0.82
N/A
|
0.77
-6%
|
0.68
-12%
|
0.95
+40%
|
1.1
+16%
|
1.11
+1%
|
1.26
+14%
|
1.37
+9%
|
1.23
-10%
|
1.19
-3%
|
1.19
N/A
|
1.05
-12%
|
1.18
+12%
|
1.31
+11%
|
1.22
-7%
|
1.24
+2%
|
1.12
-10%
|
0.97
-13%
|
1.08
+11%
|
1.03
-5%
|
1.3
+26%
|
1.6
+23%
|
1.42
-11%
|
1.41
-1%
|
1.1
-22%
|
0.7
-36%
|
0.39
-44%
|
0.24
-38%
|
0.48
+100%
|
0.88
+83%
|
1.35
+53%
|
1.71
+27%
|
2.06
+20%
|
1.77
-14%
|
1.53
-14%
|
0.98
-36%
|
0.5
-49%
|
0.52
+4%
|
0.32
-38%
|
0.67
+109%
|
0.88
+31%
|
|