South State Annual Income Statement (NASDAQ:SSB)

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$83.2 $1 (1.19%) SSB stock closing price Jul 21, 2017 (Closing)

Financial analysis of South State involves more than just checking the South State stock price, by looking at the financial statements of the company in detail. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. Like any other income statement, the SSB income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue growth of $9.84M when compared to the same period in the past. The South State profit and loss statement for 2016 shows a profit of $101.28M. Profits have grown from $99.47M YoY. Apart from this an investor should also check South State assets and South State free cash flow. South State revenue for 2016 is $463.49M. 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. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
South State Net Sales or Revenues
463.49M453.65M436.71M340.1M228.77M226.83M293.08M168.04M175.12M178.95M
Cost Of Goods Sold (COGS)5.8M7.34M9.3M8.46M8.42M17.55M28.52M30.73M47.64M53.15M
South State Gross Profit
457.69M446.31M427.41M331.63M220.34M209.28M264.56M137.31M127.48M125.8M
Research & Development Expense----------
Selling General & Admin Expense288.55M284.62M277.36M223.91M160.13M168.02M172.37M109.83M89.55M78.18M
Income Before Depreciation Depletion Amortization169.13M161.68M150.04M107.72M60.21M41.25M92.19M27.48M37.92M47.61M
Depreciation Depletion Amortization7.57M8.32M8.32M6.08M2.17M1.99M1.65M0.52M0.57M-
Non Operating Income5M-23.94M22.53M10.21M3.19M5.5M-0.4M-
Interest Expense2.51M2.98M6.36M4.53M2.67M2.7M4.21M6.47M12.65M15.36M
South State Pretax Income
154.04M150.37M111.42M74.57M45.16M33.35M80.82M20.47M24.29M32.25M
Provision for Income Taxes52.76M50.9M35.99M25.35M15.12M10.76M28.94M6.88M8.5M10.68M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations101.28M99.47M75.43M49.21M30.03M22.59M51.88M13.59M15.78M21.56M
Extraordinary Items & Discontinued Operations----------
South State Net Income (Profit/Loss)
101.28M99.47M75.43M49.21M30.03M22.59M51.88M13.59M15.78M21.56M
Average Shares used to compute Diluted EPS24.22M24.22M24.15M20.08M14.8M13.75M12.72M12.11M10.39M9.31M
Average Shares used to compute Basic EPS24M23.97M23.9M19.87M14.7M13.68M12.62M12.06M10.3M9.28M
Income Before Nonrecurring Items110.1M104.39M91.65M63.54M36.92M14.59M0.54M13.6M22.88M22.09M
Income from Nonrecurring Items-8.82M-4.92M-16.21M-15.68M-6.89M8.01M51.35M--7.1M-0.53M
South State Earnings Per Share Basic Net
4.224.153.112.412.061.654.110.741.532.33
South State Earnings Per Share Diluted Net
4.184.113.082.382.031.634.080.741.522.32
EPS Diluted Before Nonrecurring Items4.554.313.753.162.491.040.040.742.202.37
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.210.980.820.740.690.680.680.680.680.67
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 South State stock analysis are:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: South State revenue chart) implies that the company is growing, which has been the case with South State. One must stay away from stocks whose revenues are declining.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $101.28M for South State for 2016. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.
The income statement is also called statement of revenue and expense. The financials along with South State historical stock prices provides a lot of details about the firm. .

South State Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
21.8950
PS ratio (
price sales ratio
)
4.9350
Operating margin
34.6
Net profit margin
13.3
Dividend yield
1.51%