Garrett Historical Income Statement

GTX Stock  USD 9.06  0.06  0.67%   
Historical analysis of Garrett Motion income statement accounts such as Depreciation And Amortization of 83.7 M or Interest Expense of 171.2 M can show how well Garrett Motion performed in making a profits. Evaluating Garrett Motion income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Garrett Motion's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Garrett Motion 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 Garrett Motion is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garrett Motion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Garrett Stock please use our How to Invest in Garrett Motion guide.

About Garrett Income Statement Analysis

Garrett Motion 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 Garrett Motion shareholders. The income statement also shows Garrett 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).

Garrett Motion Income Statement Chart

At this time, Garrett Motion's Interest Expense is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 252.9 M in 2024, whereas Tax Provision is likely to drop slightly above 75.4 M in 2024.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Garrett Motion minus its cost of goods sold. It is profit before Garrett Motion operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most accounts from Garrett Motion's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Garrett Motion 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 Garrett Motion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Garrett Stock please use our How to Invest in Garrett Motion guide.At this time, Garrett Motion's Interest Expense is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 252.9 M in 2024, whereas Tax Provision is likely to drop slightly above 75.4 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Income11M76M7M6.7M
Tax Provision43M106M93M75.4M

Garrett Motion income statement Correlations

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-0.210.290.250.290.39-0.010.370.090.120.380.390.410.050.310.620.12-0.05-0.210.30.490.29
-0.280.290.870.590.84-0.340.88-0.530.240.40.50.880.640.180.790.22-0.19-0.870.990.890.82
-0.270.250.870.570.87-0.440.9-0.670.130.420.510.890.760.110.770.11-0.1-0.780.890.820.8
-0.620.290.590.570.5-0.440.58-0.69-0.09-0.13-0.040.550.58-0.290.37-0.090.02-0.680.610.750.19
-0.190.390.840.870.5-0.10.98-0.390.270.670.740.990.720.430.90.25-0.17-0.660.840.840.9
0.43-0.01-0.34-0.44-0.44-0.1-0.190.580.150.470.4-0.2-0.060.46-0.150.14-0.030.43-0.45-0.32-0.12
-0.270.370.880.90.580.98-0.19-0.530.220.550.630.990.80.260.860.19-0.15-0.710.880.860.87
0.530.09-0.53-0.67-0.69-0.390.58-0.530.120.290.2-0.46-0.760.61-0.140.140.00.68-0.54-0.53-0.21
0.550.120.240.13-0.090.270.150.220.120.260.270.250.020.240.181.0-0.97-0.170.240.410.18
0.250.380.40.42-0.130.670.470.550.290.260.990.580.260.880.720.25-0.05-0.170.360.350.72
0.20.390.50.51-0.040.740.40.630.20.270.990.660.330.850.780.26-0.08-0.270.470.440.79
-0.270.410.880.890.550.99-0.20.99-0.460.250.580.660.720.330.90.23-0.16-0.710.890.870.9
-0.220.050.640.760.580.72-0.060.8-0.760.020.260.330.72-0.170.45-0.02-0.03-0.550.580.620.51
0.260.310.180.11-0.290.430.460.260.610.240.880.850.33-0.170.560.24-0.020.010.180.130.55
-0.140.620.790.770.370.9-0.150.86-0.140.180.720.780.90.450.560.17-0.05-0.530.80.760.9
0.550.120.220.11-0.090.250.140.190.141.00.250.260.23-0.020.240.17-0.98-0.160.230.40.17
-0.5-0.05-0.19-0.10.02-0.17-0.03-0.150.0-0.97-0.05-0.08-0.16-0.03-0.02-0.05-0.980.17-0.2-0.39-0.05
0.54-0.21-0.87-0.78-0.68-0.660.43-0.710.68-0.17-0.17-0.27-0.71-0.550.01-0.53-0.160.17-0.88-0.84-0.58
-0.330.30.990.890.610.84-0.450.88-0.540.240.360.470.890.580.180.80.23-0.2-0.880.90.83
-0.280.490.890.820.750.84-0.320.86-0.530.410.350.440.870.620.130.760.4-0.39-0.840.90.65
-0.10.290.820.80.190.9-0.120.87-0.210.180.720.790.90.510.550.90.17-0.05-0.580.830.65
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Garrett Motion Account Relationship Matchups

Garrett Motion income statement Accounts

201920202021202220232024 (projected)
Tax Provision33M39M43M106M93M75.4M
Interest Income68M3M11M76M7M6.7M
Depreciation And Amortization73M87M92M84M90M83.7M
Interest Expense68M80M93M82M163M171.2M
Total Revenue3.2B3.0B3.6B3.6B3.9B3.6B
Gross Profit711M556M707M683M756M558.7M
Other Operating Expenses2.8B2.8B3.1B3.1B3.6B3.2B
Operating Income414M281M506M586M307M362.3M
Net Income From Continuing Ops313M80M495M390M321M274.9M
Ebit405M414M192M504M507M433.9M
Ebitda487M279M596M588M597M517.6M
Cost Of Revenue2.5B2.5B2.9B2.9B3.1B2.9B
Total Operating Expenses254M249M278M216M449M280.9M
Income Before Tax346M119M538M496M347M394.3M
Total Other Income Expense Net(68M)(160M)47M181M40M42M
Net Income Applicable To Common Shares313M80M398M233M268.0M230.2M
Net Income313M80M495M390M261M267.5M
Income Tax Expense33M39M43M106M86M92.2M
Net Interest Income(61M)(77M)(93M)(8M)(55M)(57.8M)
Reconciled Depreciation72M73M86M92M84M87.5M
Research Development129M111M136M153M175M129.1M

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Additional Tools for Garrett Stock Analysis

When running Garrett Motion's price analysis, check to measure Garrett Motion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Garrett Motion is operating at the current time. Most of Garrett Motion's value examination focuses on studying past and present price action to predict the probability of Garrett Motion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garrett Motion's price. Additionally, you may evaluate how the addition of Garrett Motion to your portfolios can decrease your overall portfolio volatility.