SMA Solar Technology AG
XETRA:S92
Income Statement
Earnings Waterfall
SMA Solar Technology AG
Revenue
|
1.9B
EUR
|
Cost of Revenue
|
-1.3B
EUR
|
Gross Profit
|
559.3m
EUR
|
Operating Expenses
|
-281m
EUR
|
Operating Income
|
278.3m
EUR
|
Other Expenses
|
-52.7m
EUR
|
Net Income
|
225.7m
EUR
|
Income Statement
SMA Solar Technology AG
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 |
933
N/A
|
897
-4%
|
812
-9%
|
773
-5%
|
805
+4%
|
855
+6%
|
885
+4%
|
943
+7%
|
982
+4%
|
1 015
+3%
|
1 055
+4%
|
1 016
-4%
|
947
-7%
|
872
-8%
|
846
-3%
|
830
-2%
|
891
+7%
|
900
+1%
|
905
+0%
|
874
-3%
|
761
-13%
|
927
+22%
|
909
-2%
|
997
+10%
|
915
-8%
|
1 035
+13%
|
1 067
+3%
|
1 058
-1%
|
1 027
-3%
|
979
-5%
|
1 001
+2%
|
998
0%
|
983
-1%
|
1 220
+24%
|
1 444
+18%
|
1 440
0%
|
1 066
-26%
|
1 685
+58%
|
1 992
+18%
|
2 299
+15%
|
1 904
-17%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(788)
|
(762)
|
(713)
|
(686)
|
(681)
|
(724)
|
(732)
|
(768)
|
(774)
|
(773)
|
(794)
|
(756)
|
(709)
|
(659)
|
(650)
|
(643)
|
(691)
|
(695)
|
(681)
|
(666)
|
(659)
|
(825)
|
(826)
|
(904)
|
(749)
|
(853)
|
(875)
|
(861)
|
(860)
|
(807)
|
(823)
|
(821)
|
(808)
|
(1 002)
|
(1 185)
|
(1 173)
|
(842)
|
(1 288)
|
(1 456)
|
(1 654)
|
(1 345)
|
|
Gross Profit |
145
N/A
|
135
-7%
|
99
-26%
|
87
-13%
|
125
+44%
|
131
+5%
|
153
+17%
|
175
+14%
|
208
+18%
|
242
+17%
|
261
+8%
|
260
-1%
|
238
-8%
|
213
-11%
|
195
-8%
|
187
-4%
|
200
+7%
|
205
+3%
|
223
+9%
|
207
-7%
|
102
-51%
|
101
0%
|
83
-18%
|
93
+12%
|
166
+77%
|
182
+10%
|
191
+5%
|
197
+3%
|
167
-15%
|
172
+3%
|
178
+3%
|
177
0%
|
175
-1%
|
218
+25%
|
259
+19%
|
267
+3%
|
224
-16%
|
397
+77%
|
536
+35%
|
645
+20%
|
559
-13%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(234)
|
(238)
|
(228)
|
(218)
|
(311)
|
(279)
|
(266)
|
(258)
|
(169)
|
(168)
|
(168)
|
(166)
|
(175)
|
(170)
|
(166)
|
(166)
|
(151)
|
(159)
|
(167)
|
(168)
|
(183)
|
(283)
|
(279)
|
(280)
|
(193)
|
(181)
|
(186)
|
(190)
|
(186)
|
(136)
|
(135)
|
(138)
|
(206)
|
(252)
|
(303)
|
(290)
|
(181)
|
(290)
|
(312)
|
(358)
|
(281)
|
|
Selling, General & Administrative |
(127)
|
(128)
|
(132)
|
(134)
|
(142)
|
(141)
|
(130)
|
(121)
|
(112)
|
(108)
|
(107)
|
(102)
|
(103)
|
(99)
|
(100)
|
(102)
|
(102)
|
(102)
|
(102)
|
(103)
|
(108)
|
(137)
|
(142)
|
(149)
|
(129)
|
(132)
|
(135)
|
(136)
|
(137)
|
(138)
|
(140)
|
(140)
|
(136)
|
(171)
|
(211)
|
(219)
|
(166)
|
(262)
|
(280)
|
(291)
|
(209)
|
|
Research & Development |
(73)
|
(74)
|
(75)
|
(75)
|
(73)
|
(69)
|
(73)
|
(70)
|
(53)
|
(68)
|
(64)
|
(63)
|
(54)
|
(66)
|
(61)
|
(61)
|
(65)
|
(61)
|
(65)
|
(65)
|
(68)
|
(81)
|
(78)
|
(75)
|
(52)
|
(52)
|
(53)
|
(54)
|
(56)
|
(40)
|
(40)
|
(41)
|
(50)
|
(60)
|
(70)
|
(67)
|
(52)
|
(66)
|
(75)
|
(87)
|
(79)
|
|
Depreciation & Amortization |
(9)
|
(9)
|
(9)
|
(9)
|
0
|
(10)
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(9)
|
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 |
(25)
|
(26)
|
(12)
|
(1)
|
(95)
|
(59)
|
(63)
|
(67)
|
6
|
8
|
2
|
(1)
|
(10)
|
(5)
|
(6)
|
(3)
|
16
|
4
|
(0)
|
(0)
|
(7)
|
(65)
|
(59)
|
(56)
|
(12)
|
3
|
2
|
0
|
7
|
42
|
45
|
43
|
(20)
|
(21)
|
(21)
|
(4)
|
37
|
37
|
43
|
19
|
7
|
|
Operating Income |
(89)
N/A
|
(103)
-16%
|
(128)
-24%
|
(132)
-3%
|
(186)
-41%
|
(148)
+20%
|
(113)
+24%
|
(82)
+27%
|
39
N/A
|
75
+94%
|
93
+25%
|
94
+1%
|
63
-33%
|
42
-33%
|
29
-31%
|
21
-28%
|
49
+133%
|
46
-6%
|
56
+22%
|
39
-30%
|
(81)
N/A
|
(182)
-123%
|
(196)
-8%
|
(186)
+5%
|
(27)
+86%
|
1
N/A
|
5
+796%
|
6
+23%
|
(19)
N/A
|
36
N/A
|
42
+19%
|
40
-7%
|
(31)
N/A
|
(33)
-8%
|
(44)
-31%
|
(23)
+47%
|
43
N/A
|
107
+148%
|
224
+110%
|
287
+28%
|
278
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(1)
|
(1)
|
(1)
|
5
|
(2)
|
(2)
|
(4)
|
1
|
(4)
|
(6)
|
(3)
|
(3)
|
(6)
|
(3)
|
(3)
|
(3)
|
2
|
1
|
1
|
(9)
|
(1)
|
(1)
|
(1)
|
16
|
(0)
|
(0)
|
(0)
|
(9)
|
0
|
(0)
|
(1)
|
(2)
|
(4)
|
(4)
|
(5)
|
(4)
|
0
|
(8)
|
2
|
(6)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(74)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
54
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
|
Total Other Income |
1
|
1
|
0
|
0
|
(2)
|
(1)
|
(1)
|
(3)
|
(1)
|
(0)
|
(2)
|
1
|
(1)
|
0
|
2
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
0
|
(1)
|
0
|
(3)
|
3
|
5
|
5
|
1
|
|
Pre-Tax Income |
(89)
N/A
|
(103)
-17%
|
(129)
-25%
|
(132)
-3%
|
(168)
-27%
|
(151)
+10%
|
(117)
+23%
|
(88)
+24%
|
38
N/A
|
70
+83%
|
87
+25%
|
91
+4%
|
59
-35%
|
37
-37%
|
26
-29%
|
18
-32%
|
44
+145%
|
45
+3%
|
55
+21%
|
38
-31%
|
(166)
N/A
|
(185)
-11%
|
(198)
-7%
|
(189)
+5%
|
(11)
+94%
|
0
N/A
|
5
+982%
|
6
+33%
|
27
+327%
|
36
+33%
|
42
+17%
|
38
-9%
|
(34)
N/A
|
(36)
-7%
|
(48)
-34%
|
(29)
+40%
|
35
N/A
|
109
+214%
|
221
+102%
|
294
+33%
|
271
-8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
22
|
26
|
34
|
34
|
(11)
|
(20)
|
(35)
|
(44)
|
(15)
|
(20)
|
(28)
|
(24)
|
(30)
|
(20)
|
(7)
|
0
|
(13)
|
(18)
|
(22)
|
(24)
|
(9)
|
(7)
|
(5)
|
(8)
|
2
|
1
|
3
|
5
|
1
|
0
|
(3)
|
(4)
|
11
|
10
|
6
|
6
|
21
|
20
|
22
|
4
|
(45)
|
|
Income from Continuing Operations |
(67)
|
(78)
|
(96)
|
(99)
|
(179)
|
(171)
|
(151)
|
(132)
|
23
|
50
|
59
|
67
|
29
|
17
|
19
|
18
|
30
|
27
|
33
|
14
|
(175)
|
(192)
|
(204)
|
(197)
|
(9)
|
2
|
8
|
11
|
28
|
36
|
39
|
34
|
(23)
|
(26)
|
(42)
|
(23)
|
56
|
129
|
243
|
299
|
226
|
|
Income to Minority Interest |
0
|
0
|
(1)
|
(2)
|
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
|
|
Net Income (Common) |
(67)
N/A
|
(78)
-17%
|
(97)
-24%
|
(101)
-5%
|
(179)
-77%
|
(170)
+5%
|
(156)
+9%
|
(139)
+11%
|
14
N/A
|
41
+187%
|
55
+35%
|
65
+18%
|
30
-54%
|
17
-43%
|
19
+12%
|
18
-7%
|
30
+70%
|
27
-10%
|
33
+21%
|
14
-58%
|
(175)
N/A
|
(192)
-9%
|
(204)
-6%
|
(197)
+3%
|
(9)
+96%
|
2
N/A
|
8
+406%
|
11
+34%
|
28
+152%
|
36
+29%
|
39
+6%
|
34
-12%
|
(23)
N/A
|
(26)
-13%
|
(42)
-61%
|
(23)
+47%
|
56
N/A
|
129
+131%
|
243
+88%
|
299
+23%
|
226
-24%
|
|
EPS (Diluted) |
-1.92
N/A
|
-2.24
-17%
|
-2.78
-24%
|
-2.91
-5%
|
-5.16
-77%
|
-4.9
+5%
|
-4.43
+10%
|
-3.99
+10%
|
0.41
N/A
|
1.18
+188%
|
1.59
+35%
|
1.87
+18%
|
0.85
-55%
|
0.47
-45%
|
0.55
+17%
|
0.52
-5%
|
0.88
+69%
|
0.78
-11%
|
0.94
+21%
|
0.39
-59%
|
-5.06
N/A
|
-5.53
-9%
|
-5.87
-6%
|
-5.68
+3%
|
-0.25
+96%
|
0.05
N/A
|
0.24
+380%
|
0.32
+33%
|
0.81
+153%
|
1.05
+30%
|
1.11
+6%
|
0.98
-12%
|
-0.67
N/A
|
-0.75
-12%
|
-1.21
-61%
|
-0.65
+46%
|
1.61
N/A
|
3.72
+131%
|
7.01
+88%
|
8.6
+23%
|
6.5
-24%
|