Exelis Annual Income Statement (NYSE:XLS)

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$24.66 $0.16 (0.64%) XLS stock closing price May 28, 2015 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Exelis stock price alone is not sufficient. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. Like any other income statement, the XLS income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue decline of $1.54B when compared to the same period in the past. Along with Exelis assets and Exelis free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have decreased from $281M YoY and 2014 revenue is $3.28B. Exelis revenue for 2014 is $3.28B. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2014 2013 2012 2011 2010 2009
Exelis Net Sales or Revenues
Cost Of Goods Sold (COGS)2.44B3.75B4.36B4.62B4.52B4.63B
Exelis Gross Profit
Research & Development Expense60M54M67M99M119M142M
Selling General & Admin Expense384M538M535M589M560M587M
Income Before Depreciation Depletion Amortization397M476M561M535M689M702M
Depreciation Depletion Amortization------
Non Operating Income5M-2M-3M12M7M-2M
Interest Expense37M37M37M10M--
Exelis Pretax Income
Provision for Income Taxes135M156M191M211M248M241M
Minority Interest------
Investment Gains Losses------
Other Income------
Income Before Extraordinaries & Disc Operations230M281M330M326M448M459M
Extraordinary Items & Discontinued Operations19M---139M10M
Exelis Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS193.2M192M188.6M186.7M--
Average Shares used to compute Basic EPS188.3M188.5M187.4M186.2M--
Income Before Nonrecurring Items237M288M349M371M--
Income from Nonrecurring Items-7M-7M-19M-45M--
Exelis Earnings Per Share Basic Net
Exelis Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items1.231.501.851.99--
Preferred Dividends Acc Pd------
Dividends Common------
Dividend Per Share Common1.620.410.410.10--
All figures in USD. M: Millions of USD, B: Billions of USD.

It is very helpful to read a report on Exelis stock analysis. An investor must check the following items in an income statement:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that XLS stock has a topline or revenue of $3.28B for 2014 as per this Exelis revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $3.28B - other expenses = $249M for XLS stock. An improving bottomline implies that the company is growing profits.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Exelis historical stock prices to check how the price has moved with time. .