Exelis Income Statement - Quarterly (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. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. Like any other income statement, the XLS income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a QoQ revenue decline of $148M when compared to the same period in the past. One also needs to look at Exelis assets, operating expenses and Exelis free cash flow. The profit and loss statement shows revenue of $785M for 2015-Q1. Revenue has decreased by $148M QoQ for XLS stock. View details of revenue and profits for Exelis for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4
Exelis Net Sales or Revenues
Cost Of Goods Sold (COGS)572M-108M833M883M828M949M
Exelis Gross Profit
Research & Development Expense13M17M18M15M10M15M
Selling General & Admin Expense96M29M121M116M118M133M
Income Before Depreciation Depletion Amortization104M109M96M103M89M142M
Depreciation Depletion Amortization------
Non Operating Income--1M2M2M-
Interest Expense9M10M9M9M9M9M
Exelis Pretax Income
Provision for Income Taxes36M34M36M35M30M54M
Minority Interest------
Investment Gains Losses------
Other Income------
Income Before Extraordinaries & Disc Operations59M87M52M61M52M79M
Extraordinary Items & Discontinued Operations--3M----
Exelis Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS191.5M191.3M193.2M193.6M194.9M194.2M
Average Shares used to compute Basic EPS186.4M186.3M188.4M189M189.6M194.2M
Income Before Nonrecurring Items59M90M61M66M57M86M
Income from Nonrecurring Items--3M-9M-5M-5M-7M
Exelis Earnings Per Share Basic Net
Exelis Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.310.470.320.340.290.44
Preferred Dividends Acc Pd------
Dividends Common------
Dividend Per Share Common0.100.101.310.100.100.10
All figures in USD. M: Millions of USD, B: Billions of USD.

Before investing one should read a report on Exelis stock analysis. It helps to look at the following income statement items:
  • Topline: A growing topline, as seen from the Exelis revenue chart, as is not the case with Exelis indicates a sagging business. One needs to compare the QoQ or YoY topline growth of XLS stock with its peers like SPR stock and BEAV stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $785M - other expenses = $59M for XLS stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with Exelis historical stock prices provides a lot of details about the firm. .