CIT Group Revenue, Profits - CIT Annual Income Statement

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$54.14 $0.77 (1.44%) CIT stock closing price Feb 23, 2018 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking CIT Group stock price alone is not sufficient. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from 3.88B to 3.09B and how operating and non operating activities have impacted the CIT stock. Revenue for year 2016 is $3.09B and has decreased from $3.88B year on year as is evident when you compare the latest figures in the latest CIT Group profit and loss statement with those of the prior corresponding period. Also see CIT Group assets and CIT Group free cash flow for a complete valuation of CIT stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec201620152014201320122011201020092008
CIT Group Revenues or Net Sales
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
MinorityInterest--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 Profit/ Loss (Net Income)
-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
-4.27M5.67M5.96M3.35M-2.95M-2.58M8.07M-11.06M
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 Common0.600.600.500.100.000.000.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on CIT Group stock analysis. It helps to look at the following income statement items:

  • Revenue: This is the inflow that is generated from the sale of goods or services and is $3.09B for this year of 2016. Our CIT Group revenue chart gives a clear visual representation of how the topline or sales growth has been. Investors often invest only in those companies where the revenue is growing at a steady rate.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $-848M for CIT stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called statement of revenue and expense. The CIT financials along with CIT Group historical stock prices provide a lot of details about the firm.

CIT Group Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
20.82
PS Ratio (price sales ratio)
2.22
Operating Margin
0
Dividend Yield
1.13%