TFI International Inc
TSX:TFII
Income Statement
Earnings Waterfall
TFI International Inc
Revenue
|
7.5B
USD
|
Cost of Revenue
|
-3.8B
USD
|
Gross Profit
|
3.7B
USD
|
Operating Expenses
|
-3B
USD
|
Operating Income
|
746.6m
USD
|
Other Expenses
|
-241.7m
USD
|
Net Income
|
504.9m
USD
|
Income Statement
TFI International Inc
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 |
3 020
N/A
|
2 975
-1%
|
2 894
-3%
|
3 018
+4%
|
3 074
+2%
|
3 088
+0%
|
3 232
+5%
|
3 178
-2%
|
3 152
-1%
|
2 988
-5%
|
2 909
-3%
|
2 841
-2%
|
3 038
+7%
|
3 269
+8%
|
3 450
+6%
|
3 641
+6%
|
3 728
+2%
|
3 765
+1%
|
3 846
+2%
|
3 892
+1%
|
3 953
+2%
|
3 932
-1%
|
3 912
-1%
|
3 914
+0%
|
3 904
0%
|
3 902
0%
|
3 700
-5%
|
3 647
-1%
|
3 781
+4%
|
4 006
+6%
|
5 045
+26%
|
6 203
+23%
|
7 220
+16%
|
8 263
+14%
|
8 849
+7%
|
8 997
+2%
|
8 812
-2%
|
8 471
-4%
|
7 840
-7%
|
7 509
-4%
|
7 521
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 715)
|
(1 714)
|
(1 700)
|
(1 794)
|
(1 866)
|
(1 873)
|
(1 946)
|
(1 904)
|
(1 866)
|
(1 769)
|
(1 719)
|
(1 686)
|
(1 776)
|
(1 918)
|
(2 021)
|
(2 131)
|
(2 186)
|
(2 200)
|
(2 233)
|
(2 238)
|
(2 248)
|
(2 203)
|
(2 166)
|
(2 151)
|
(2 135)
|
(2 130)
|
(2 002)
|
(1 959)
|
(2 052)
|
(2 213)
|
(2 762)
|
(3 344)
|
(3 815)
|
(4 290)
|
(4 587)
|
(4 667)
|
(4 592)
|
(4 392)
|
(4 031)
|
(3 834)
|
(3 806)
|
|
Gross Profit |
1 305
N/A
|
1 260
-3%
|
1 193
-5%
|
1 224
+3%
|
1 209
-1%
|
1 215
+0%
|
1 287
+6%
|
1 274
-1%
|
1 286
+1%
|
1 218
-5%
|
1 190
-2%
|
1 154
-3%
|
1 263
+9%
|
1 352
+7%
|
1 429
+6%
|
1 510
+6%
|
1 542
+2%
|
1 564
+1%
|
1 612
+3%
|
1 654
+3%
|
1 705
+3%
|
1 729
+1%
|
1 746
+1%
|
1 763
+1%
|
1 769
+0%
|
1 773
+0%
|
1 698
-4%
|
1 689
-1%
|
1 729
+2%
|
1 793
+4%
|
2 283
+27%
|
2 858
+25%
|
3 405
+19%
|
3 973
+17%
|
4 262
+7%
|
4 330
+2%
|
4 220
-3%
|
4 079
-3%
|
3 809
-7%
|
3 675
-4%
|
3 715
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 117)
|
(1 084)
|
(1 010)
|
(1 030)
|
(1 016)
|
(1 022)
|
(1 096)
|
(1 083)
|
(1 084)
|
(1 045)
|
(1 027)
|
(1 005)
|
(1 078)
|
(1 168)
|
(1 244)
|
(1 327)
|
(1 347)
|
(1 358)
|
(1 367)
|
(1 364)
|
(1 378)
|
(1 393)
|
(1 403)
|
(1 427)
|
(1 427)
|
(1 432)
|
(1 393)
|
(1 375)
|
(1 382)
|
(1 439)
|
(1 807)
|
(2 298)
|
(2 745)
|
(3 206)
|
(3 374)
|
(3 391)
|
(3 270)
|
(3 184)
|
(3 032)
|
(2 942)
|
(2 969)
|
|
Selling, General & Administrative |
(794)
|
(768)
|
(714)
|
(720)
|
(710)
|
(713)
|
(768)
|
(762)
|
(758)
|
(736)
|
(718)
|
(703)
|
(748)
|
(815)
|
(870)
|
(927)
|
(931)
|
(940)
|
(949)
|
(948)
|
(961)
|
(973)
|
(977)
|
(986)
|
(975)
|
(977)
|
(944)
|
(933)
|
(933)
|
(968)
|
(1 255)
|
(1 639)
|
(1 980)
|
(2 347)
|
(2 460)
|
(2 447)
|
(2 356)
|
(2 280)
|
(2 154)
|
(2 090)
|
(2 093)
|
|
Depreciation & Amortization |
(132)
|
(126)
|
(114)
|
(120)
|
(110)
|
(115)
|
(129)
|
(130)
|
(138)
|
(127)
|
(126)
|
(121)
|
(146)
|
(163)
|
(182)
|
(202)
|
(209)
|
(208)
|
(205)
|
(200)
|
(201)
|
(221)
|
(244)
|
(270)
|
(296)
|
(299)
|
(299)
|
(297)
|
(299)
|
(305)
|
(330)
|
(362)
|
(393)
|
(425)
|
(439)
|
(439)
|
(431)
|
(424)
|
(421)
|
(428)
|
(442)
|
|
Other Operating Expenses |
(191)
|
(190)
|
(183)
|
(191)
|
(196)
|
(194)
|
(199)
|
(190)
|
(188)
|
(182)
|
(183)
|
(180)
|
(184)
|
(189)
|
(192)
|
(199)
|
(207)
|
(210)
|
(214)
|
(215)
|
(216)
|
(199)
|
(182)
|
(171)
|
(156)
|
(156)
|
(150)
|
(145)
|
(150)
|
(167)
|
(222)
|
(297)
|
(372)
|
(434)
|
(475)
|
(506)
|
(483)
|
(480)
|
(457)
|
(424)
|
(434)
|
|
Operating Income |
187
N/A
|
176
-6%
|
183
+4%
|
193
+5%
|
192
-1%
|
192
N/A
|
191
-1%
|
191
+0%
|
202
+6%
|
174
-14%
|
163
-6%
|
150
-8%
|
185
+23%
|
184
-1%
|
185
+1%
|
182
-2%
|
196
+8%
|
207
+6%
|
245
+19%
|
291
+18%
|
327
+13%
|
336
+3%
|
342
+2%
|
337
-2%
|
342
+2%
|
341
0%
|
305
-11%
|
314
+3%
|
348
+11%
|
354
+2%
|
475
+34%
|
560
+18%
|
660
+18%
|
767
+16%
|
889
+16%
|
939
+6%
|
950
+1%
|
895
-6%
|
777
-13%
|
733
-6%
|
747
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(65)
|
(71)
|
(42)
|
(60)
|
(51)
|
(48)
|
(65)
|
(65)
|
(56)
|
(53)
|
(51)
|
(37)
|
(34)
|
(32)
|
(32)
|
(38)
|
(42)
|
(41)
|
(41)
|
(39)
|
(37)
|
(33)
|
(37)
|
(44)
|
(56)
|
(56)
|
(53)
|
(47)
|
(45)
|
(44)
|
(47)
|
(53)
|
(56)
|
(59)
|
(62)
|
(64)
|
(64)
|
(63)
|
(60)
|
(61)
|
(67)
|
|
Non-Reccuring Items |
(44)
|
(47)
|
(49)
|
(42)
|
14
|
14
|
25
|
19
|
14
|
23
|
14
|
15
|
3
|
5
|
(95)
|
(99)
|
(58)
|
(87)
|
11
|
16
|
5
|
15
|
24
|
32
|
41
|
51
|
70
|
78
|
69
|
76
|
331
|
320
|
319
|
330
|
129
|
205
|
196
|
198
|
117
|
43
|
11
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
0
|
6
|
62
|
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 |
(7)
|
(7)
|
(8)
|
(9)
|
(8)
|
(7)
|
(5)
|
(3)
|
(4)
|
(2)
|
(2)
|
0
|
(8)
|
(4)
|
(5)
|
(7)
|
(5)
|
56
|
48
|
(9)
|
0
|
(8)
|
(6)
|
(3)
|
(6)
|
(6)
|
(6)
|
(7)
|
(9)
|
(11)
|
(11)
|
(14)
|
(17)
|
(19)
|
(22)
|
(21)
|
(16)
|
(15)
|
(15)
|
(14)
|
(14)
|
|
Pre-Tax Income |
71
N/A
|
51
-28%
|
85
+65%
|
82
-3%
|
148
+80%
|
151
+2%
|
147
-3%
|
142
-3%
|
157
+11%
|
141
-10%
|
124
-12%
|
127
+3%
|
154
+21%
|
153
0%
|
60
-61%
|
100
+68%
|
90
-10%
|
134
+49%
|
263
+96%
|
257
-2%
|
295
+15%
|
310
+5%
|
323
+4%
|
322
0%
|
321
0%
|
329
+3%
|
316
-4%
|
338
+7%
|
363
+7%
|
376
+4%
|
748
+99%
|
814
+9%
|
906
+11%
|
1 018
+12%
|
934
-8%
|
1 059
+13%
|
1 066
+1%
|
1 015
-5%
|
820
-19%
|
702
-14%
|
677
-4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(10)
|
(3)
|
(13)
|
(17)
|
(43)
|
(45)
|
(41)
|
(39)
|
(43)
|
(36)
|
(34)
|
(31)
|
(35)
|
(34)
|
(31)
|
(32)
|
(27)
|
(39)
|
(49)
|
(56)
|
(70)
|
(74)
|
(75)
|
(77)
|
(77)
|
(78)
|
(81)
|
(85)
|
(83)
|
(84)
|
(103)
|
(118)
|
(152)
|
(183)
|
(233)
|
(245)
|
(242)
|
(228)
|
(181)
|
(175)
|
(172)
|
|
Income from Continuing Operations |
61
|
48
|
72
|
65
|
105
|
106
|
105
|
103
|
114
|
105
|
90
|
97
|
119
|
119
|
29
|
68
|
63
|
96
|
214
|
202
|
225
|
236
|
248
|
245
|
244
|
251
|
235
|
253
|
280
|
292
|
645
|
696
|
754
|
835
|
700
|
814
|
823
|
787
|
639
|
527
|
505
|
|
Net Income (Common) |
61
N/A
|
48
-22%
|
91
+90%
|
81
-11%
|
116
+43%
|
116
+0%
|
99
-14%
|
99
-1%
|
128
+30%
|
484
+278%
|
462
-5%
|
470
+2%
|
483
+3%
|
114
-76%
|
28
-75%
|
68
+139%
|
122
+80%
|
156
+28%
|
274
+76%
|
261
-5%
|
225
-14%
|
236
+5%
|
239
+1%
|
235
-2%
|
234
-1%
|
241
+3%
|
225
-6%
|
246
+9%
|
276
+12%
|
286
+4%
|
648
+126%
|
696
+7%
|
754
+8%
|
835
+11%
|
700
-16%
|
814
+16%
|
823
+1%
|
787
-4%
|
639
-19%
|
527
-18%
|
505
-4%
|
|
EPS (Diluted) |
0.65
N/A
|
0.48
-26%
|
0.87
+81%
|
0.8
-8%
|
1.14
+43%
|
1.11
-3%
|
0.96
-14%
|
0.98
+2%
|
1.25
+28%
|
4.88
+290%
|
4.85
-1%
|
4.99
+3%
|
5.05
+1%
|
1.21
-76%
|
0.31
-74%
|
0.73
+135%
|
1.31
+79%
|
1.7
+30%
|
3.02
+78%
|
3.09
+2%
|
2.48
-20%
|
2.69
+8%
|
2.77
+3%
|
2.78
+0%
|
2.73
-2%
|
2.83
+4%
|
2.54
-10%
|
2.64
+4%
|
3.03
+15%
|
2.99
-1%
|
6.8
+127%
|
7.31
+8%
|
7.91
+8%
|
8.89
+12%
|
7.58
-15%
|
9.03
+19%
|
9.02
0%
|
8.95
-1%
|
7.33
-18%
|
6.06
-17%
|
5.8
-4%
|