Shoals Historical Income Statement

SHLS Stock

USD 4.66 0.02 0.43%

Historical analysis of Shoals Technologies income statement accounts such as Gross Profit of 95.6 M, Other Operating Expenses of 219.3 M, Operating Income of 66.2 M or Net Income From Continuing Ops of 151.6 M can show how well Shoals Technologies Group performed in making a profits. Evaluating Shoals Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Shoals Technologies'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 Shoals Technologies 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 Shoals Technologies is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shoals Technologies Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

About Shoals Income Statement Analysis

Shoals Technologies 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 Shoals Technologies shareholders. The income statement also shows Shoals 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).

Shoals Technologies Income Statement Chart

At this time, Shoals Technologies' Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 25.3 M in 2024, whereas Total Revenue is likely to drop slightly above 266.4 M in 2024.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Net Income

Total Revenue

Total revenue comprises all receipts Shoals Technologies 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Shoals Technologies Group minus its cost of goods sold. It is profit before Shoals Technologies 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Shoals Technologies. It is also known as Shoals Technologies overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Shoals Technologies financial statement analysis. It represents the amount of money remaining after all of Shoals Technologies Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from Shoals Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Shoals Technologies 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Shoals Technologies Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

	2021	2022	2023	2024 (projected)
Interest Expense	14.5M	18.5M	24.1M	25.3M
Depreciation And Amortization	10.1M	10.5M	10.5M	10.8M

Interest Expense Depreciation And Amortization

Shoals Technologies income statement Correlations

	Net Interest Income	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Reconciled Depreciation	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Non Operating Income Net Other	Selling And Marketing Expenses
Net Interest Income		-0.98	-1.0	-0.99	-0.91	-0.93	-0.91	-0.76	-0.9	-0.76	-0.77	-0.9	-0.94	-0.96	-0.64	-0.03	-0.61	-0.87	-0.77	0.75
Depreciation And Amortization	-0.98		0.98	0.97	0.89	0.92	0.88	0.81	0.91	0.82	0.82	0.86	0.91	1.0	0.71	0.1	0.68	0.86	0.68	-0.71
Interest Expense	-1.0	0.98		0.99	0.9	0.91	0.89	0.74	0.91	0.75	0.75	0.88	0.92	0.97	0.63	0.01	0.59	0.88	0.77	-0.78
Selling General Administrative	-0.99	0.97	0.99		0.91	0.91	0.9	0.73	0.93	0.73	0.74	0.89	0.91	0.95	0.63	-0.01	0.6	0.93	0.82	-0.82
Total Revenue	-0.91	0.89	0.9	0.91		0.99	1.0	0.77	0.88	0.77	0.78	1.0	0.99	0.85	0.68	0.09	0.63	0.85	0.83	-0.58
Gross Profit	-0.93	0.92	0.91	0.91	0.99		0.98	0.83	0.88	0.83	0.84	0.97	0.99	0.89	0.74	0.16	0.7	0.83	0.75	-0.55
Other Operating Expenses	-0.91	0.88	0.89	0.9	1.0	0.98		0.74	0.87	0.75	0.75	1.0	0.99	0.83	0.65	0.06	0.6	0.84	0.85	-0.59
Operating Income	-0.76	0.81	0.74	0.73	0.77	0.83	0.74		0.84	1.0	1.0	0.72	0.79	0.83	0.98	0.65	0.97	0.72	0.36	-0.32
Net Income From Continuing Ops	-0.9	0.91	0.91	0.93	0.88	0.88	0.87	0.84		0.84	0.84	0.86	0.86	0.89	0.81	0.27	0.78	0.98	0.75	-0.75
Ebit	-0.76	0.82	0.75	0.73	0.77	0.83	0.75	1.0	0.84		1.0	0.72	0.8	0.83	0.98	0.64	0.97	0.72	0.36	-0.32
Ebitda	-0.77	0.82	0.75	0.74	0.78	0.84	0.75	1.0	0.84	1.0		0.73	0.8	0.84	0.98	0.64	0.96	0.72	0.36	-0.32
Cost Of Revenue	-0.9	0.86	0.88	0.89	1.0	0.97	1.0	0.72	0.86	0.72	0.73		0.98	0.81	0.63	0.04	0.58	0.85	0.87	-0.59
Total Operating Expenses	-0.94	0.91	0.92	0.91	0.99	0.99	0.99	0.79	0.86	0.8	0.8	0.98		0.88	0.69	0.11	0.64	0.82	0.78	-0.55
Reconciled Depreciation	-0.96	1.0	0.97	0.95	0.85	0.89	0.83	0.83	0.89	0.83	0.84	0.81	0.88		0.72	0.14	0.7	0.83	0.62	-0.69
Income Before Tax	-0.64	0.71	0.63	0.63	0.68	0.74	0.65	0.98	0.81	0.98	0.98	0.63	0.69	0.72		0.76	1.0	0.69	0.27	-0.26
Total Other Income Expense Net	-0.03	0.1	0.01	-0.01	0.09	0.16	0.06	0.65	0.27	0.64	0.64	0.04	0.11	0.14	0.76		0.78	0.13	-0.33	0.32
Net Income	-0.61	0.68	0.59	0.6	0.63	0.7	0.6	0.97	0.78	0.97	0.96	0.58	0.64	0.7	1.0	0.78		0.66	0.22	-0.23
Income Tax Expense	-0.87	0.86	0.88	0.93	0.85	0.83	0.84	0.72	0.98	0.72	0.72	0.85	0.82	0.83	0.69	0.13	0.66		0.83	-0.84
Non Operating Income Net Other	-0.77	0.68	0.77	0.82	0.83	0.75	0.85	0.36	0.75	0.36	0.36	0.87	0.78	0.62	0.27	-0.33	0.22	0.83		-0.8
Selling And Marketing Expenses	0.75	-0.71	-0.78	-0.82	-0.58	-0.55	-0.59	-0.32	-0.75	-0.32	-0.32	-0.59	-0.55	-0.69	-0.26	0.32	-0.23	-0.84	-0.8

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Shoals Technologies Account Relationship Matchups

Shoals Technologies income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Net Interest Income	(1.8M)	(3.5M)	(14.5M)	(18.5M)	(24.2M)	(23.0M)
Depreciation And Amortization	9.2M	9.4M	10.1M	10.5M	10.5M	10.8M
Interest Expense	1.8M	3.5M	14.5M	18.5M	24.1M	25.3M
Selling General Administrative	9.1M	21.0M	37.9M	55.9M	80.7M	84.8M
Total Revenue	144.5M	175.5M	213.2M	326.9M	488.9M	266.4M
Gross Profit	44.2M	66.5M	82.6M	131.3M	168.3M	95.6M
Other Operating Expenses	117.6M	138.2M	177.0M	260.6M	409.9M	219.3M
Operating Income	26.9M	37.3M	36.2M	170.5M	79.0M	66.2M
Net Income From Continuing Ops	25.1M	33.8M	5.6M	143.0M	144.4M	151.6M
Ebit	26.9M	37.3M	38.6M	170.5M	79.0M	66.6M
Ebitda	36.1M	46.7M	48.6M	181.0M	89.6M	77.4M
Cost Of Revenue	100.3M	109.0M	130.6M	195.6M	320.6M	170.8M
Total Operating Expenses	17.3M	29.3M	46.4M	65.0M	89.3M	48.5M
Reconciled Depreciation	9.2M	9.4M	10.1M	10.5M	10.3M	10.7M
Income Before Tax	25.1M	33.8M	4.0M	152M	54.9M	51.1M
Total Other Income Expense Net	(1.8M)	(3.5M)	(32.2M)	85.7M	(24.1M)	(22.9M)
Net Income Applicable To Common Shares	25.1M	33.8M	2.3M	127.6M	146.8M	154.1M
Net Income	25.1M	33.8M	3.9M	127.6M	40.0M	43.8M

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Shoals Historical Income Statement

About Shoals Income Statement Analysis

Shoals Technologies Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Net Income

Shoals Technologies income statement Correlations

Shoals Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shoals Technologies income statement Accounts

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Reconciled Depreciation	+ 1.0	Depreciation And Amortization
Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income

Interest Expense	- 1.0	Net Interest Income
Selling General Administrative	- 0.99	Net Interest Income
Depreciation And Amortization	- 0.98	Net Interest Income
Reconciled Depreciation	- 0.96	Net Interest Income
Total Operating Expenses	- 0.94	Net Interest Income
Gross Profit	- 0.93	Net Interest Income