Foraco International SA
TSX:FAR
Income Statement
Earnings Waterfall
Foraco International SA
Income Statement
Foraco International SA
| Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | 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 |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
4
|
3
|
4
|
5
|
5
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
|
| Revenue |
44
N/A
|
55
+24%
|
70
+28%
|
88
+26%
|
102
+16%
|
118
+15%
|
129
+9%
|
132
+2%
|
128
-3%
|
123
-4%
|
119
-3%
|
126
+6%
|
119
-5%
|
124
+4%
|
126
+1%
|
140
+11%
|
164
+17%
|
205
+25%
|
248
+21%
|
278
+12%
|
301
+8%
|
324
+8%
|
352
+9%
|
373
+6%
|
368
-2%
|
339
-8%
|
307
-9%
|
270
-12%
|
248
-8%
|
233
-6%
|
207
-11%
|
193
-7%
|
186
-4%
|
173
-7%
|
169
-3%
|
148
-12%
|
138
-7%
|
129
-7%
|
117
-9%
|
116
-1%
|
115
-1%
|
121
+5%
|
126
+4%
|
130
+3%
|
136
+5%
|
146
+7%
|
155
+6%
|
167
+8%
|
180
+8%
|
185
+3%
|
194
+5%
|
205
+6%
|
205
+0%
|
210
+2%
|
203
-3%
|
201
-1%
|
207
+3%
|
212
+2%
|
240
+13%
|
255
+6%
|
270
+6%
|
283
+5%
|
294
+4%
|
315
+7%
|
331
+5%
|
351
+6%
|
365
+4%
|
368
+1%
|
370
+0%
|
359
-3%
|
337
-6%
|
319
-5%
|
293
-8%
|
271
-8%
|
263
-3%
|
256
-3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(34)
|
(41)
|
(52)
|
(64)
|
(74)
|
(84)
|
(91)
|
(92)
|
(90)
|
(86)
|
(83)
|
(87)
|
(84)
|
(89)
|
(93)
|
(108)
|
(128)
|
(160)
|
(193)
|
(215)
|
(232)
|
(249)
|
(269)
|
(289)
|
(300)
|
(300)
|
(296)
|
(270)
|
(246)
|
(220)
|
(192)
|
(184)
|
(178)
|
(172)
|
(163)
|
(141)
|
(126)
|
(116)
|
(108)
|
(110)
|
(111)
|
(113)
|
(115)
|
(117)
|
(122)
|
(130)
|
(137)
|
(146)
|
(158)
|
(162)
|
(168)
|
(176)
|
(173)
|
(177)
|
(167)
|
(163)
|
(169)
|
(173)
|
(197)
|
(209)
|
(223)
|
(233)
|
(240)
|
(252)
|
(259)
|
(268)
|
(275)
|
(276)
|
(276)
|
(269)
|
(255)
|
(248)
|
(230)
|
(217)
|
(212)
|
(209)
|
|
| Gross Profit |
10
N/A
|
13
+27%
|
18
+37%
|
24
+36%
|
28
+16%
|
34
+20%
|
38
+12%
|
39
+3%
|
39
-2%
|
37
-3%
|
36
-4%
|
39
+8%
|
36
-8%
|
36
0%
|
33
-6%
|
33
-1%
|
36
+10%
|
45
+25%
|
55
+21%
|
63
+14%
|
69
+11%
|
75
+9%
|
84
+11%
|
85
+1%
|
68
-20%
|
39
-43%
|
11
-71%
|
1
-96%
|
2
+300%
|
13
+565%
|
15
+14%
|
9
-44%
|
7
-16%
|
1
-82%
|
6
+346%
|
7
+19%
|
12
+68%
|
12
+3%
|
9
-28%
|
6
-26%
|
5
-30%
|
9
+96%
|
11
+23%
|
13
+19%
|
14
+9%
|
16
+11%
|
18
+13%
|
21
+18%
|
22
+5%
|
23
+5%
|
25
+10%
|
29
+13%
|
32
+12%
|
33
+3%
|
36
+8%
|
38
+6%
|
38
N/A
|
39
+2%
|
44
+12%
|
46
+5%
|
47
+3%
|
50
+8%
|
53
+6%
|
63
+18%
|
71
+13%
|
83
+16%
|
90
+9%
|
92
+3%
|
94
+2%
|
90
-5%
|
82
-9%
|
72
-12%
|
63
-12%
|
54
-14%
|
50
-7%
|
47
-6%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(6)
|
(7)
|
(9)
|
(11)
|
(13)
|
(14)
|
(15)
|
(15)
|
(14)
|
(15)
|
(14)
|
(17)
|
(15)
|
(17)
|
(18)
|
(18)
|
(19)
|
(21)
|
(23)
|
(25)
|
(26)
|
(28)
|
(31)
|
(33)
|
(23)
|
(15)
|
(4)
|
(3)
|
(4)
|
(11)
|
(19)
|
(18)
|
(25)
|
(23)
|
(22)
|
(20)
|
(18)
|
(19)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
(23)
|
(23)
|
(24)
|
(24)
|
(25)
|
(26)
|
(27)
|
(27)
|
(27)
|
(24)
|
(23)
|
(22)
|
(21)
|
(21)
|
(20)
|
(19)
|
|
| Selling, General & Administrative |
(6)
|
(7)
|
(9)
|
(11)
|
(12)
|
(14)
|
(14)
|
(14)
|
(15)
|
(14)
|
(14)
|
(17)
|
(16)
|
(18)
|
(19)
|
(18)
|
(20)
|
(22)
|
(23)
|
(24)
|
(26)
|
(28)
|
(31)
|
(33)
|
(36)
|
(37)
|
(36)
|
(34)
|
(31)
|
(29)
|
(27)
|
(26)
|
(25)
|
(23)
|
(22)
|
(20)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(19)
|
(20)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(21)
|
(21)
|
(21)
|
(22)
|
(23)
|
(23)
|
(24)
|
(25)
|
(25)
|
(25)
|
(25)
|
(23)
|
(22)
|
(21)
|
(19)
|
(19)
|
(17)
|
|
| 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
|
(1)
|
(0)
|
(0)
|
(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)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
13
|
23
|
32
|
32
|
27
|
18
|
8
|
8
|
1
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(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
|
2
|
2
|
2
|
2
|
0
|
0
|
0
|
|
| Operating Income |
4
N/A
|
6
+54%
|
9
+42%
|
14
+59%
|
16
+16%
|
20
+27%
|
24
+19%
|
24
+3%
|
24
0%
|
23
-6%
|
22
-6%
|
22
+4%
|
20
-9%
|
18
-11%
|
15
-17%
|
15
-1%
|
17
+13%
|
24
+41%
|
32
+33%
|
38
+20%
|
43
+13%
|
48
+10%
|
53
+11%
|
52
-3%
|
45
-13%
|
24
-47%
|
7
-70%
|
(2)
N/A
|
(2)
-10%
|
2
N/A
|
(4)
N/A
|
(9)
-137%
|
(18)
-94%
|
(22)
-24%
|
(16)
+28%
|
(13)
+19%
|
(7)
+47%
|
(7)
+3%
|
(9)
-45%
|
(12)
-29%
|
(14)
-19%
|
(10)
+32%
|
(8)
+14%
|
(7)
+14%
|
(7)
+7%
|
(6)
+18%
|
(3)
+38%
|
0
N/A
|
1
N/A
|
2
+118%
|
4
+83%
|
8
+73%
|
11
+45%
|
12
+9%
|
15
+26%
|
17
+15%
|
17
-1%
|
18
+4%
|
22
+22%
|
23
+6%
|
24
+4%
|
27
+12%
|
30
+10%
|
39
+31%
|
46
+20%
|
57
+23%
|
63
+11%
|
65
+3%
|
67
+2%
|
65
-2%
|
58
-10%
|
50
-15%
|
43
-15%
|
33
-23%
|
30
-7%
|
28
-8%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(9)
|
26
|
25
|
24
|
24
|
(11)
|
(12)
|
(13)
|
(13)
|
(14)
|
(20)
|
(18)
|
(17)
|
(15)
|
(8)
|
(8)
|
(7)
|
(7)
|
|
| 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
|
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)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
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 |
4
N/A
|
5
+54%
|
8
+44%
|
13
+60%
|
15
+18%
|
19
+31%
|
23
+21%
|
24
+4%
|
24
0%
|
23
-6%
|
22
-6%
|
22
+3%
|
20
-12%
|
17
-12%
|
14
-19%
|
14
-1%
|
16
+12%
|
22
+42%
|
30
+36%
|
35
+18%
|
40
+13%
|
44
+11%
|
49
+10%
|
47
-3%
|
40
-14%
|
18
-54%
|
2
-90%
|
(7)
N/A
|
(7)
N/A
|
(2)
+68%
|
(8)
-282%
|
(14)
-61%
|
(22)
-64%
|
(26)
-18%
|
(20)
+23%
|
(17)
+16%
|
(11)
+37%
|
(10)
+3%
|
(13)
-26%
|
(16)
-21%
|
(18)
-14%
|
(14)
+24%
|
(13)
+8%
|
(13)
+2%
|
(13)
-3%
|
(13)
+2%
|
(11)
+10%
|
(8)
+26%
|
(8)
+7%
|
(7)
+13%
|
(5)
+31%
|
(1)
+74%
|
3
N/A
|
3
+36%
|
6
+88%
|
9
+39%
|
9
-4%
|
10
+13%
|
13
+36%
|
49
+273%
|
49
+0%
|
51
+5%
|
54
+5%
|
27
-49%
|
35
+26%
|
44
+28%
|
50
+13%
|
51
+3%
|
47
-9%
|
47
+1%
|
42
-11%
|
35
-17%
|
35
+0%
|
25
-27%
|
23
-8%
|
21
-8%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(2)
|
(4)
|
(6)
|
(8)
|
(9)
|
(10)
|
(8)
|
(8)
|
(7)
|
(7)
|
(6)
|
(5)
|
(3)
|
(3)
|
(4)
|
(6)
|
(8)
|
(9)
|
(10)
|
(11)
|
(13)
|
(13)
|
(8)
|
1
|
5
|
8
|
7
|
3
|
4
|
5
|
3
|
3
|
2
|
2
|
1
|
0
|
0
|
1
|
(0)
|
0
|
0
|
0
|
2
|
0
|
(0)
|
(1)
|
(3)
|
(3)
|
(3)
|
(2)
|
0
|
1
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(10)
|
(10)
|
(11)
|
(11)
|
(6)
|
(9)
|
(11)
|
(13)
|
(13)
|
(13)
|
(12)
|
(11)
|
(8)
|
(9)
|
(7)
|
(6)
|
(7)
|
|
| Income from Continuing Operations |
3
|
4
|
5
|
9
|
9
|
12
|
14
|
15
|
16
|
15
|
14
|
15
|
14
|
13
|
11
|
10
|
11
|
16
|
22
|
27
|
30
|
34
|
37
|
35
|
33
|
19
|
7
|
1
|
1
|
1
|
(4)
|
(9)
|
(19)
|
(23)
|
(18)
|
(16)
|
(10)
|
(10)
|
(13)
|
(15)
|
(18)
|
(14)
|
(13)
|
(12)
|
(11)
|
(12)
|
(12)
|
(10)
|
(11)
|
(10)
|
(7)
|
(3)
|
3
|
5
|
7
|
8
|
8
|
9
|
11
|
39
|
39
|
41
|
42
|
21
|
26
|
33
|
37
|
38
|
34
|
34
|
31
|
27
|
26
|
19
|
17
|
15
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
(1)
|
(2)
|
(2)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(6)
|
(6)
|
(5)
|
(5)
|
(3)
|
(2)
|
(3)
|
(1)
|
1
|
3
|
4
|
4
|
3
|
0
|
(0)
|
(1)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
1
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(5)
|
(5)
|
(3)
|
(1)
|
0
|
2
|
2
|
2
|
2
|
|
| Net Income (Common) |
3
N/A
|
4
+50%
|
6
+31%
|
9
+62%
|
9
-1%
|
12
+32%
|
14
+22%
|
15
+2%
|
16
+10%
|
15
-6%
|
14
-5%
|
15
+6%
|
15
-2%
|
13
-9%
|
11
-16%
|
10
-16%
|
9
-4%
|
14
+56%
|
19
+32%
|
23
+25%
|
27
+15%
|
30
+13%
|
33
+9%
|
29
-13%
|
27
-6%
|
15
-46%
|
2
-84%
|
(2)
N/A
|
(2)
+6%
|
(2)
-33%
|
(5)
-160%
|
(8)
-52%
|
(16)
-105%
|
(19)
-20%
|
(14)
+26%
|
(12)
+16%
|
(10)
+20%
|
(11)
-9%
|
(13)
-26%
|
(16)
-16%
|
(18)
-16%
|
(13)
+26%
|
(12)
+13%
|
(11)
+3%
|
(11)
+4%
|
(12)
-8%
|
(11)
+3%
|
(9)
+20%
|
(11)
-18%
|
(10)
+2%
|
(8)
+23%
|
(5)
+40%
|
1
N/A
|
3
+182%
|
4
+35%
|
5
+10%
|
4
-9%
|
5
+24%
|
7
+40%
|
35
+377%
|
35
+2%
|
36
+2%
|
38
+3%
|
16
-59%
|
20
+27%
|
27
+34%
|
30
+14%
|
33
+8%
|
29
-13%
|
31
+8%
|
30
-3%
|
27
-10%
|
28
+4%
|
21
-26%
|
19
-7%
|
17
-12%
|
|
| EPS (Diluted) |
0.06
N/A
|
0.09
+50%
|
0.11
+22%
|
0.17
+55%
|
0.17
N/A
|
0.19
+12%
|
0.25
+32%
|
0.25
N/A
|
0.27
+8%
|
0.25
-7%
|
0.23
-8%
|
0.25
+9%
|
0.25
N/A
|
0.23
-8%
|
0.16
-30%
|
0.15
-6%
|
0.13
-13%
|
0.19
+46%
|
0.25
+32%
|
0.3
+20%
|
0.34
+13%
|
0.39
+15%
|
0.41
+5%
|
0.36
-12%
|
0.33
-8%
|
0.17
-48%
|
0.03
-82%
|
-0.02
N/A
|
-0.02
N/A
|
-0.02
N/A
|
-0.06
-200%
|
-0.09
-50%
|
-0.18
-100%
|
-0.22
-22%
|
-0.16
+27%
|
-0.13
+19%
|
-0.11
+15%
|
-0.11
N/A
|
-0.14
-27%
|
-0.17
-21%
|
-0.2
-18%
|
-0.15
+25%
|
-0.13
+13%
|
-0.12
+8%
|
-0.12
N/A
|
-0.13
-8%
|
-0.13
N/A
|
-0.11
+15%
|
-0.12
-9%
|
-0.11
+8%
|
-0.08
+27%
|
-0.04
+50%
|
0.01
N/A
|
0.04
+300%
|
0.05
+25%
|
0.05
N/A
|
0.05
N/A
|
0.06
+20%
|
0.08
+33%
|
0.36
+350%
|
0.37
+3%
|
0.37
N/A
|
0.38
+3%
|
0.15
-61%
|
0.2
+33%
|
0.26
+30%
|
0.3
+15%
|
0.33
+10%
|
0.29
-12%
|
0.31
+7%
|
0.3
-3%
|
0.27
-10%
|
0.28
+4%
|
0.2
-29%
|
0.19
-5%
|
0.17
-11%
|
|