CIT Group Revenue, Profits - CIT Quarterly Income Statement

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$46.03 $0.59 (1.27%) CIT stock closing price Aug 16, 2017 (Closing)

Looking at financial statements, along with the CIT Group stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. In the income statement, an investor can check for important parameters like the topline, the bottomline, the EPS basic, dividends etc. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $786.1M to $814M and how operating and non operating activities have impacted the CIT stock. The CIT Group profit and loss statement for 2017-Q2 shows a profit of $156.7M. Profits have reduced from $179.9M QoQ. Apart from this an investor should also check CIT Group assets and CIT Group free cash flow. View details of revenue and profits for CIT Group for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec.2017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q1
CIT Group Net Sales or Revenues
814M786.1M615.6M1.13B1.17B1.17B1.09B1.02B879M898M
Cost Of Goods Sold (COGS)94.6M94M96.5M99.4M99.4M99.5M95.8M93.1M72.2M69M
CIT Group Gross Profit
719.4M692.1M-471M1.03B1.07B1.07B995.9M923.1M806.8M829M
Research & Development Expense----------
Selling General & Admin Expense518.1M415.1M320.4M443.7M434.6M505.6M497.2M440M302.9M322.3M
Income Before Depreciation Depletion Amortization201.3M277M-791.38M584.49M634.89M566.6M498.7M483.1M503.9M506.7M
Depreciation Depletion Amortization77.4M73.5M84.5M179.1M176.4M175.3M166.8M159.1M157.8M156.8M
Non Operating Income----------
Interest Expense114.6M69.1M-191.6M180M183.1M186.9M190.9M187.2M193M202.3M
CIT Group Pretax Income
9.3M134.4M-684.3M225.4M275.4M204.4M141M136.8M153.1M147.6M
Provision for Income Taxes-31.9M56.2M-20.5M77M94.3M52.7M-10.2M-560M37.8M44M
Minority Interest----------0.1M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations41.2M78.2M-424.2M148.4M181.1M151.7M151.2M696.8M115.3M103.7M
Extraordinary Items & Discontinued Operations115.5M101.7M-730.5M-15.6M-167M-4.8M-6.7M-3.7M--
CIT Group Net Income (Profit/Loss)
156.7M179.9M-1.15B132.8M14.1M146.9M144.5M693.1M115.3M103.7M
Average Shares used to compute Diluted EPS183.8M203.35M202.08M202.76M202.28M202.14M201.38M191.8M174.88M177.07M
Average Shares used to compute Basic EPS182.35M202.45M202.08M202.04M201.89M201.39M200.99M190.56M173.79M176.26M
Income Before Nonrecurring Items166.18M109.2M120M148.4M181.1M151.7M227.2M49.8M115.3M109.7M
Income from Nonrecurring Items-124.98M-31M-544.2M----76M647M--6M
CIT Group Earnings Per Share Basic Net
0.860.89-5.710.660.070.730.723.640.660.59
CIT Group Earnings Per Share Diluted Net
0.850.88-5.710.650.070.730.723.610.660.59
EPS Diluted Before Nonrecurring Items0.900.540.590.730.900.751.130.260.660.62
Preferred Dividends Acc Pd-0.12M---------
Dividends Common30.4130.41--------
Dividend Per Share Common0.150.150.150.150.150.150.150.150.150.15
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on CIT Group 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 CIT stock has a topline or revenue of $814M for 2017-Q2 as per this CIT Group 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 $814M - other expenses = $156.7M for CIT 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 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
)
2.5106
Net profit margin
19.3
Dividend yield
1.3%