Pollard Banknote Ltd
TSX:PBL
Income Statement
Earnings Waterfall
Pollard Banknote Ltd
Revenue
|
520.4m
CAD
|
Cost of Revenue
|
-434.6m
CAD
|
Gross Profit
|
85.8m
CAD
|
Operating Expenses
|
-78.9m
CAD
|
Operating Income
|
7m
CAD
|
Other Expenses
|
24.5m
CAD
|
Net Income
|
31.4m
CAD
|
Income Statement
Pollard Banknote 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 |
185
N/A
|
191
+3%
|
194
+1%
|
199
+3%
|
195
-2%
|
198
+2%
|
203
+2%
|
207
+2%
|
221
+7%
|
231
+4%
|
233
+1%
|
238
+2%
|
246
+4%
|
240
-3%
|
264
+10%
|
272
+3%
|
286
+5%
|
309
+8%
|
317
+3%
|
341
+7%
|
332
-3%
|
349
+5%
|
359
+3%
|
368
+2%
|
398
+8%
|
403
+1%
|
397
-1%
|
410
+3%
|
414
+1%
|
424
+2%
|
446
+5%
|
446
+0%
|
459
+3%
|
461
+0%
|
463
+1%
|
472
+2%
|
484
+3%
|
493
+2%
|
507
+3%
|
511
+1%
|
520
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(150)
|
(155)
|
(154)
|
(158)
|
(153)
|
(157)
|
(161)
|
(165)
|
(177)
|
(185)
|
(187)
|
(191)
|
(197)
|
(191)
|
(207)
|
(209)
|
(220)
|
(235)
|
(242)
|
(261)
|
(256)
|
(270)
|
(279)
|
(286)
|
(307)
|
(313)
|
(310)
|
(320)
|
(323)
|
(330)
|
(348)
|
(355)
|
(368)
|
(372)
|
(376)
|
(386)
|
(400)
|
(416)
|
(432)
|
(433)
|
(435)
|
|
Gross Profit |
35
N/A
|
36
+4%
|
39
+7%
|
40
+4%
|
41
+2%
|
42
+1%
|
42
N/A
|
43
+2%
|
44
+4%
|
46
+3%
|
46
+0%
|
47
+2%
|
49
+6%
|
49
N/A
|
57
+16%
|
63
+10%
|
66
+5%
|
74
+12%
|
76
+3%
|
80
+6%
|
76
-5%
|
79
+5%
|
80
+1%
|
83
+3%
|
91
+10%
|
90
-1%
|
87
-3%
|
90
+4%
|
91
+1%
|
94
+3%
|
98
+4%
|
91
-6%
|
91
0%
|
89
-3%
|
87
-2%
|
86
-1%
|
83
-3%
|
77
-8%
|
76
-1%
|
78
+3%
|
86
+10%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(22)
|
(22)
|
(23)
|
(23)
|
(23)
|
(24)
|
(24)
|
(25)
|
(26)
|
(28)
|
(29)
|
(29)
|
(29)
|
(28)
|
(31)
|
(35)
|
(37)
|
(40)
|
(41)
|
(42)
|
(43)
|
(45)
|
(49)
|
(51)
|
(55)
|
(56)
|
(55)
|
(54)
|
(51)
|
(53)
|
(57)
|
(59)
|
(73)
|
(69)
|
(69)
|
(71)
|
(71)
|
(73)
|
(75)
|
(74)
|
(79)
|
|
Selling, General & Administrative |
(22)
|
(22)
|
(23)
|
(23)
|
(24)
|
(24)
|
(24)
|
(25)
|
(27)
|
(28)
|
(29)
|
(30)
|
(29)
|
(29)
|
(31)
|
(35)
|
(38)
|
(42)
|
(44)
|
(44)
|
(46)
|
(47)
|
(51)
|
(53)
|
(57)
|
(58)
|
(56)
|
(56)
|
(55)
|
(57)
|
(59)
|
(60)
|
(65)
|
(66)
|
(67)
|
(69)
|
(67)
|
(69)
|
(71)
|
(75)
|
(79)
|
|
Other Operating Expenses |
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
1
|
1
|
(8)
|
(3)
|
(2)
|
(1)
|
(4)
|
(4)
|
(4)
|
0
|
0
|
|
Operating Income |
14
N/A
|
14
+6%
|
16
+13%
|
18
+7%
|
18
+1%
|
18
+1%
|
18
N/A
|
18
N/A
|
18
+2%
|
18
N/A
|
17
-5%
|
17
-1%
|
21
+20%
|
21
+1%
|
26
+26%
|
28
+8%
|
29
+2%
|
34
+18%
|
34
+1%
|
38
+10%
|
32
-15%
|
35
+7%
|
32
-8%
|
32
-1%
|
37
+16%
|
34
-8%
|
33
-3%
|
36
+11%
|
40
+9%
|
41
+2%
|
40
0%
|
33
-19%
|
18
-44%
|
20
+9%
|
18
-10%
|
16
-12%
|
12
-25%
|
4
-66%
|
1
-75%
|
3
+232%
|
7
+105%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(5)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(4)
|
(5)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(5)
|
(6)
|
(8)
|
(9)
|
(12)
|
(10)
|
(8)
|
(11)
|
(8)
|
(15)
|
(13)
|
(8)
|
(2)
|
8
|
10
|
3
|
6
|
1
|
(1)
|
4
|
10
|
15
|
23
|
30
|
31
|
|
Non-Reccuring Items |
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)
|
5
|
7
|
9
|
8
|
6
|
4
|
3
|
3
|
(1)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
9
N/A
|
10
+3%
|
13
+31%
|
12
-3%
|
13
+2%
|
13
+1%
|
12
-3%
|
12
+1%
|
12
-1%
|
14
+15%
|
13
-10%
|
13
+6%
|
17
+28%
|
16
-9%
|
21
+35%
|
24
+12%
|
24
+2%
|
27
+14%
|
26
-5%
|
29
+12%
|
21
-29%
|
25
+21%
|
24
-5%
|
21
-14%
|
29
+41%
|
19
-36%
|
25
+34%
|
36
+45%
|
46
+28%
|
57
+24%
|
56
-1%
|
40
-28%
|
27
-33%
|
24
-10%
|
17
-32%
|
15
-9%
|
22
+46%
|
19
-13%
|
24
+25%
|
33
+38%
|
38
+12%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(5)
|
(5)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(6)
|
(7)
|
(5)
|
(5)
|
(7)
|
(6)
|
(8)
|
(10)
|
(13)
|
(15)
|
(16)
|
(14)
|
(7)
|
(6)
|
(3)
|
(1)
|
(3)
|
(2)
|
(1)
|
(3)
|
(6)
|
|
Income from Continuing Operations |
5
|
6
|
8
|
8
|
9
|
9
|
8
|
8
|
8
|
10
|
9
|
10
|
12
|
10
|
14
|
16
|
17
|
19
|
18
|
21
|
15
|
18
|
18
|
16
|
22
|
13
|
17
|
26
|
33
|
42
|
41
|
27
|
20
|
19
|
13
|
14
|
19
|
18
|
23
|
31
|
31
|
|
Net Income (Common) |
5
N/A
|
6
+4%
|
8
+50%
|
8
-11%
|
9
+16%
|
9
+3%
|
8
-9%
|
8
+2%
|
8
-11%
|
10
+29%
|
9
-10%
|
10
+10%
|
12
+28%
|
10
-15%
|
14
+38%
|
16
+13%
|
17
+4%
|
19
+15%
|
18
-5%
|
21
+14%
|
15
-29%
|
18
+23%
|
18
N/A
|
16
-15%
|
22
+42%
|
13
-42%
|
17
+33%
|
26
+52%
|
33
+30%
|
42
+26%
|
41
-4%
|
27
-34%
|
20
-26%
|
19
-5%
|
13
-28%
|
14
+3%
|
19
+39%
|
18
-8%
|
23
+29%
|
31
+35%
|
31
+3%
|
|
EPS (Diluted) |
0.23
N/A
|
0.24
+4%
|
0.36
+50%
|
0.32
-11%
|
0.37
+16%
|
0.38
+3%
|
0.34
-11%
|
0.35
+3%
|
0.32
-9%
|
0.4
+25%
|
0.37
-8%
|
0.41
+11%
|
0.52
+27%
|
0.45
-13%
|
0.61
+36%
|
0.68
+11%
|
0.71
+4%
|
0.76
+7%
|
0.71
-7%
|
0.83
+17%
|
0.58
-30%
|
0.7
+21%
|
0.7
N/A
|
0.59
-16%
|
0.85
+44%
|
0.49
-42%
|
0.65
+33%
|
0.99
+52%
|
1.28
+29%
|
1.58
+23%
|
1.49
-6%
|
1.01
-32%
|
0.73
-28%
|
0.69
-5%
|
0.49
-29%
|
0.51
+4%
|
0.71
+39%
|
0.64
-10%
|
0.82
+28%
|
1.11
+35%
|
1.15
+4%
|