ITC Holdings Revenue, Profits - ITC Annual Income Statement

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$45.5 $0.48 (1.04%) ITC stock closing price Oct 13, 2016 (Closing)

Fundamental analysis of ITC stock involves analyzing its financial statements, apart from checking the ITC Holdings stock price. The income statement is a summary of the revenue or sales, expenses and profitability - shown as Net Income, or lack of it. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 1.13B to 1.21B and how operating and non operating activities have impacted the ITC stock. One also needs to look at ITC Holdings assets, operating expenses and ITC Holdings free cash flow. The ITC Holdings profit and loss statement shows revenue of $1.21B for 2017. Revenue has grown by 7.64% YOY for ITC 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 - Dec2017201620152014201320122011201020092008
ITC Holdings Revenues or Net Sales
1.21B1.13B1.04B1.02B941.27M830.53M757.39M696.84M621.01M617.87M
Cost Of Goods Sold (COGS)110M114M113.12M111.62M112.82M121.94M129.28M126.52M95.73M113.81M
ITC Holdings Gross Profit
1.1B1.01B931.64M911.42M828.45M708.59M628.1M570.31M525.28M504.05M
Research & Development Expense----------
Selling General & Admin Expense224M331M226.25M190.56M213.79M171.02M135.37M126.01M112.46M121.66M
Income Before Depreciation Depletion Amortization877M680M705.38M720.86M614.65M537.57M492.73M444.29M412.81M382.39M
Depreciation Depletion Amortization169M158M144.67M128.03M118.59M106.51M94.98M86.97M85.94M94.76M
Non Operating Income31M32M26.93M-11.78M24.62M21.18M15.61M13.16M11.81M11.08M
Interest Expense224M211M203.77M186.63M168.31M155.73M146.93M142.55M130.2M122.23M
ITC Holdings Pretax Income
515M343M383.87M394.4M352.36M296.5M266.43M227.93M208.47M176.47M
Provision for Income Taxes196M97M141.47M150.32M118.86M108.63M94.74M82.25M77.57M67.26M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations319M246M242.4M244.08M233.5M187.87M171.68M145.67M130.9M109.2M
Extraordinary Items & Discontinued Operations----------
ITC Holdings Profit/ Loss (Net Income)
319M246M242.4M244.08M233.5M187.87M171.68M145.67M130.9M109.2M
Average Shares used to compute Diluted EPS--155.39M156.46M157.07M154.42M153.29M153.89M152.21M149.31M
Average Shares used to compute Basic EPS--154.4M156.46M157.07M154.42M153.29M151.22M149.89M145.82M
Income Before Nonrecurring Items--323.81M292.04M258.6M216.3M174.05M145.68M131.7M109.21M
Income from Nonrecurring Items---81.4M-47.96M-25.1M-28.42M-2.36M--0.8M-
ITC Holdings Earnings Per Share Basic Net
2.081.611.571.561.491.221.120.960.870.75
ITC Holdings Earnings Per Share Diluted Net
--1.561.541.471.201.100.950.860.73
EPS Diluted Before Nonrecurring Items--2.081.851.631.381.120.950.870.73
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.000.590.700.610.540.490.460.440.420.40
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 ITC Holdings stock analysis are:

  • Revenue: This is the inflow that is generated from the sale of goods or services and is $1.21B for this year of 2017. Our ITC Holdings 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 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. ITC stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the ITC income statement, one can check the ITC Holdings historical stock prices to check how the price has moved with time.