ITC Historical Income Statement

ITC Stock

416.00 4.10 0.98%

Historical analysis of ITC income statement accounts such as Operating Income of 390.3 B or Research Development of 1.2 B can show how well ITC Limited performed in making a profits. Evaluating ITC income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ITC's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining ITC Limited latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ITC Limited is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITC Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About ITC Income Statement Analysis

ITC Limited Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ITC shareholders. The income statement also shows ITC investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

ITC Income Statement Chart

At present, ITC's Total Revenue is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 390.3 B, whereas Income Before Tax is forecasted to decline to about 135 B.

Total Revenue Operating Income Research Development Income Before Tax

Total Revenue

Total revenue comprises all receipts ITC Limited generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Operating Income

Operating Income is the amount of profit realized from ITC Limited operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ITC Limited is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on ITC income statement and is an important metric when analyzing ITC Limited profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from ITC's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ITC Limited current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ITC Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2022	2023	2024	2025 (projected)
Operating Income	238.6B	344.5B	371.7B	390.3B
Total Revenue	702.5B	703.2B	753.2B	790.9B

Operating Income Total Revenue

ITC income statement Correlations

	Interest Expense	Total Revenue	Operating Income	Research Development	Income Before Tax	Income Tax Expense	Minority Interest	Net Income	Depreciation And Amortization	Selling And Marketing Expenses	Gross Profit	Other Operating Expenses	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Total Other Income Expense Net	Selling General Administrative	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.1	-0.03	0.42	0.26	0.4	0.35	-0.04	0.24	-0.36	0.24	0.33	0.25	0.25	0.07	0.56	0.31	-0.19	0.0	0.01	-0.04	0.21	-0.1	-0.2
Total Revenue	0.1		0.95	0.71	0.82	0.68	-0.58	0.91	0.83	-0.08	0.85	0.81	0.83	0.83	0.99	0.46	-0.74	0.61	0.88	0.66	0.05	-0.7	0.89	0.58
Operating Income	-0.03	0.95		0.52	0.71	0.56	-0.63	0.96	0.69	0.08	0.74	0.61	0.71	0.71	0.94	0.18	-0.76	0.75	0.84	0.75	0.29	-0.66	0.84	0.72
Research Development	0.42	0.71	0.52		0.89	0.88	-0.03	0.47	0.91	-0.43	0.88	0.91	0.89	0.89	0.67	0.76	-0.24	0.08	0.68	0.38	-0.14	-0.28	0.59	0.06
Income Before Tax	0.26	0.82	0.71	0.89		0.91	-0.32	0.6	0.97	-0.3	1.0	0.94	0.99	0.99	0.79	0.58	-0.45	0.19	0.86	0.55	-0.09	-0.48	0.73	0.16
Income Tax Expense	0.4	0.68	0.56	0.88	0.91		-0.1	0.45	0.83	-0.5	0.9	0.86	0.88	0.88	0.63	0.63	-0.19	0.09	0.61	0.52	-0.04	-0.28	0.44	0.08
Minority Interest	0.35	-0.58	-0.63	-0.03	-0.32	-0.1		-0.6	-0.29	-0.43	-0.37	-0.31	-0.34	-0.34	-0.64	0.17	0.87	-0.54	-0.62	-0.55	0.1	0.76	-0.66	-0.5
Net Income	-0.04	0.91	0.96	0.47	0.6	0.45	-0.6		0.63	0.09	0.64	0.55	0.59	0.6	0.91	0.15	-0.77	0.87	0.76	0.7	0.32	-0.63	0.84	0.85
Depreciation And Amortization	0.24	0.83	0.69	0.91	0.97	0.83	-0.29	0.63		-0.28	0.97	0.95	0.96	0.97	0.81	0.62	-0.5	0.22	0.86	0.42	-0.16	-0.52	0.8	0.19
Selling And Marketing Expenses	-0.36	-0.08	0.08	-0.43	-0.3	-0.5	-0.43	0.09	-0.28		-0.28	-0.4	-0.25	-0.25	-0.06	-0.64	-0.42	0.3	0.13	0.19	0.12	-0.23	0.19	0.25
Gross Profit	0.24	0.85	0.74	0.88	1.0	0.9	-0.37	0.64	0.97	-0.28		0.94	0.99	0.99	0.82	0.57	-0.49	0.24	0.87	0.57	-0.09	-0.51	0.76	0.21
Other Operating Expenses	0.33	0.81	0.61	0.91	0.94	0.86	-0.31	0.55	0.95	-0.4	0.94		0.93	0.94	0.8	0.77	-0.45	0.12	0.77	0.38	-0.32	-0.53	0.71	0.09
Ebit	0.25	0.83	0.71	0.89	0.99	0.88	-0.34	0.59	0.96	-0.25	0.99	0.93		1.0	0.8	0.59	-0.48	0.16	0.89	0.55	-0.12	-0.5	0.76	0.13
Ebitda	0.25	0.83	0.71	0.89	0.99	0.88	-0.34	0.6	0.97	-0.25	0.99	0.94	1.0		0.8	0.6	-0.48	0.17	0.89	0.54	-0.13	-0.5	0.76	0.13
Cost Of Revenue	0.07	0.99	0.94	0.67	0.79	0.63	-0.64	0.91	0.81	-0.06	0.82	0.8	0.8	0.8		0.43	-0.79	0.63	0.86	0.62	-0.01	-0.76	0.9	0.59
Total Operating Expenses	0.56	0.46	0.18	0.76	0.58	0.63	0.17	0.15	0.62	-0.64	0.57	0.77	0.59	0.6	0.43		0.04	-0.24	0.31	-0.01	-0.41	-0.11	0.27	-0.25
Total Other Income Expense Net	0.31	-0.74	-0.76	-0.24	-0.45	-0.19	0.87	-0.77	-0.5	-0.42	-0.49	-0.45	-0.48	-0.48	-0.79	0.04		-0.67	-0.76	-0.49	0.16	0.92	-0.86	-0.62
Selling General Administrative	-0.19	0.61	0.75	0.08	0.19	0.09	-0.54	0.87	0.22	0.3	0.24	0.12	0.16	0.17	0.63	-0.24	-0.67		0.43	0.6	0.49	-0.48	0.58	1.0
Net Income From Continuing Ops	0.0	0.88	0.84	0.68	0.86	0.61	-0.62	0.76	0.86	0.13	0.87	0.77	0.89	0.89	0.86	0.31	-0.76	0.43		0.66	-0.02	-0.66	0.94	0.39
Tax Provision	0.01	0.66	0.75	0.38	0.55	0.52	-0.55	0.7	0.42	0.19	0.57	0.38	0.55	0.54	0.62	-0.01	-0.49	0.6	0.66		0.46	-0.29	0.53	0.59
Interest Income	-0.04	0.05	0.29	-0.14	-0.09	-0.04	0.1	0.32	-0.16	0.12	-0.09	-0.32	-0.12	-0.13	-0.01	-0.41	0.16	0.49	-0.02	0.46		0.41	-0.05	0.53
Net Interest Income	0.21	-0.7	-0.66	-0.28	-0.48	-0.28	0.76	-0.63	-0.52	-0.23	-0.51	-0.53	-0.5	-0.5	-0.76	-0.11	0.92	-0.48	-0.66	-0.29	0.41		-0.75	-0.43
Reconciled Depreciation	-0.1	0.89	0.84	0.59	0.73	0.44	-0.66	0.84	0.8	0.19	0.76	0.71	0.76	0.76	0.9	0.27	-0.86	0.58	0.94	0.53	-0.05	-0.75		0.53
Extraordinary Items	-0.2	0.58	0.72	0.06	0.16	0.08	-0.5	0.85	0.19	0.25	0.21	0.09	0.13	0.13	0.59	-0.25	-0.62	1.0	0.39	0.59	0.53	-0.43	0.53

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ITC Account Relationship Matchups

ITC income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Interest Expense	579.7M	599.9M	777.7M	391.1M	450.6M	453.9M
Total Revenue	489.5B	600.8B	702.5B	703.2B	753.2B	790.9B
Operating Income	154.1B	188.7B	238.6B	344.5B	371.7B	390.3B
Research Development	1.7B	2.0B	2.0B	1.7B	2.0B	1.2B
Income Before Tax	179.4B	207.4B	258.7B	271.4B	269.3B	135.0B
Income Tax Expense	45.6B	52.4B	64.4B	63.9B	68.9B	35.1B
Minority Interest	3.5B	(2.6B)	(2.9B)	(2.9B)	(3.1B)	(2.9B)
Net Income Applicable To Common Shares	131.6B	152.4B	191.9B	204.6B	347.5B	364.8B
Net Income	131.6B	152.4B	191.9B	204.6B	347.5B	364.8B
Depreciation And Amortization	16.3B	17.2B	18.0B	18.2B	19.5B	11.4B
Selling And Marketing Expenses	11.4B	10.7B	12.7B	15.5B	13.9B	15.7B
Gross Profit	285.5B	333.3B	412.4B	421.3B	433.4B	238.5B
Other Operating Expenses	335.2B	411.9B	463.9B	364.3B	381.5B	250.2B
Ebit	180.0B	207.8B	259.4B	271.8B	243.3B	145.4B
Ebitda	196.4B	225.0B	277.4B	290.0B	262.8B	156.8B
Cost Of Revenue	204.1B	267.5B	290.1B	281.9B	319.8B	335.8B
Total Operating Expenses	131.2B	144.4B	173.8B	82.5B	61.7B	94.8B
Total Other Income Expense Net	(45.9B)	(64.7B)	(77.1B)	(73.1B)	(102.5B)	(97.4B)
Selling General Administrative	5.7B	7.0B	8.7B	9.4B	140.4B	147.5B
Net Income From Continuing Ops	133.8B	155.0B	194.8B	207.5B	200.4B	153.8B
Tax Provision	45.6B	52.4B	64.4B	63.9B	68.9B	63.9B
Interest Income	515M	218.8M	58.4M	17.1B	24.6B	25.9B
Net Interest Income	(445.8M)	(393.6M)	(432M)	(459.6M)	(450.6M)	(428.1M)
Reconciled Depreciation	16.5B	17.3B	18.1B	18.2B	19.5B	18.2B

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ITC Historical Income Statement

About ITC Income Statement Analysis

ITC Income Statement Chart

Total Revenue

Operating Income

Income Before Tax

ITC income statement Correlations

ITC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ITC income statement Accounts

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COMMON DESTINATIONS

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COMPANY

Gross Profit	+ 1.0	Income Before Tax
Ebitda	+ 1.0	Ebit
Extraordinary Items	+ 1.0	Selling General Administrative
Cost Of Revenue	+ 0.99	Total Revenue
Ebit	+ 0.99	Income Before Tax
Ebitda	+ 0.99	Income Before Tax

Reconciled Depreciation	- 0.86	Total Other Income Expense Net
Total Other Income Expense Net	- 0.79	Cost Of Revenue
Total Other Income Expense Net	- 0.77	Net Income
Net Income From Continuing Ops	- 0.76	Total Other Income Expense Net
Net Interest Income	- 0.76	Cost Of Revenue
Total Other Income Expense Net	- 0.76	Operating Income