CIT Group Revenue, Profits - CIT Annual Income Statement

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$44.74 $0.03 (0.07%) CIT stock closing price Aug 18, 2017 (Closing)

Fundamental analysis of CIT stock involves analyzing its financial statements, apart from checking the CIT Group stock price The income statement gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the CIT stock is bound to reflect the impact of the YoY decline of $791.2M. One also needs to look at CIT Group assets, operating expenses and CIT Group free cash flow. The profit and loss statement shows revenue of $3.09B for 2016. Revenue has decreased by $791.2M YoY for CIT stock. CIT Group revenue for 2016 is $3.09B. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec.201620152014201320122011201020092008
CIT Group Net Sales or Revenues
3.09B3.88B3.62B3.54B4.01B4.86B6.36B3.98B6.1B
Cost Of Goods Sold (COGS)394.8M330.1M231M179.8M152.5M111.2M87.4M150.5M101.7M
CIT Group Gross Profit
2.7B3.55B3.39B3.36B3.85B4.74B6.28B3.83B6B
Research & Development Expense---------
Selling General & Admin Expense1.7B1.56B1.24B1.05B1.03B1.3B1.84B9.74B2.89B
Income Before Depreciation Depletion Amortization994.6M1.99B2.15B2.31B2.82B3.45B4.44B-5.9B3.11B
Depreciation Depletion Amortization615.3M640.5M615.7M573.5M533.2M574.8M679.1M1.83B1.15B
Non Operating Income-------10.3B-
Interest Expense358.4M773.4M855.2M958.2M2.74B2.68B2.99B2.51B3.04B
CIT Group Pretax Income
20.9M578.5M680.8M774.1M-454.8M190.2M768.1M51.2M-1.08B
Provision for Income Taxes203.5M-488.4M-397.9M92.5M133.8M158.5M246.9M-132.1M-444.4M
Minority Interest--0.1M1.2M5.9M3.7M5M4.4M-1M1.2M
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations-182.6M1.07B1.08B681.6M-588.6M31.7M521.2M183.3M-633.1M
Extraordinary Items & Discontinued Operations-665.4M-10.4M52.5M------2.17B
CIT Group Net Income (Profit/Loss)
-848M1.06B1.13B675.7M-592.3M26.7M516.8M184.3M-2.8B
Average Shares used to compute Diluted EPS201.85M186.39M189.46M201.7M200.89M200.82M200.58M390.74M259.07M
Average Shares used to compute Basic EPS201.85M185.5M188.49M200.5M200.89M200.68M200.2M390.74M259.07M
Income Before Nonrecurring Items368M502M658.5M675.7M-592.3M27.8M516.8M3.15B-697.8M
Income from Nonrecurring Items-563.5M565M419M------
CIT Group Earnings Per Share Basic Net
-4.275.705.993.37-2.950.142.588.07-11.06
CIT Group Earnings Per Share Diluted Net
-4.275.675.963.35-2.950.142.588.07-11.06
EPS Diluted Before Nonrecurring Items1.822.693.483.35-2.950.142.588.07-2.69
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.600.600.500.10-----
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing CIT Group stock analysis are:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: CIT Group revenue chart) implies that the company is growing, which has not been the case with CIT Group. One must stay away from stocks whose revenues are declining.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. CIT stock had a poor bottom line growth.
The income statement is also called statement of revenue and expense. The financials along with CIT Group historical stock prices provides a lot of details about the firm. .

CIT Group Income Statement - Key Financial Ratios

PS ratio (
price sales ratio
)
2.4402
Net profit margin
19.3
Dividend yield
1.34%