Westamerica Revenue, Profits - WABC Annual Income Statement

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$57.18 $0.5 (0.87%) WABC stock closing price Apr 20, 2018 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Westamerica stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 180.62M to 190.46M and how operating and non operating activities have impacted the WABC stock. The Westamerica profit and loss statement for 2017 shows a net profit of $50.02M. Profits for last year was $58.85M. Apart from this an investor should also check Westamerica assets and Westamerica free cash flow.

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
Westamerica Revenues or Net Sales
190.46M180.62M184.39M191.99M211.4M240.38M268.07M282.6M353.96M206.41M
Cost Of Goods Sold (COGS)1.85M2.07M2.37M2.88M3.34M4.28M6.8M8.71M14.54M21.18M
Westamerica Gross Profit
188.6M178.54M182.02M189.1M208.05M236.1M261.27M273.89M339.41M185.23M
Research & Development Expense----------
Selling General & Admin Expense98.31M95.04M101.44M105.32M115.91M122.71M132.9M132.01M144.57M100.24M
Income Before Depreciation Depletion Amortization90.29M83.5M80.58M83.78M92.14M113.38M128.36M141.87M194.83M84.99M
Depreciation Depletion Amortization3.07M3.5M3.85M4.27M4.7M5.36M5.97M6.33M6.69M3.22M
Non Operating Income----------
Interest Expense----1.32M1.46M1.57M4.12M4.83M12.06M
Westamerica Pretax Income
87.17M79.95M76.67M78.95M86.12M106.55M120.81M131.42M183.3M69.7M
Provision for Income Taxes37.14M21.1M17.91M18.3M18.94M25.43M32.92M36.84M57.87M9.87M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations50.02M58.85M58.75M60.64M67.17M81.12M87.88M94.57M125.42M59.83M
Extraordinary Items & Discontinued Operations----------
Westamerica Profit/ Loss (Net Income)
50.02M58.85M58.75M60.64M67.17M81.12M87.88M94.57M125.42M59.83M
Average Shares used to compute Diluted EPS26.42M25.68M25.58M26.16M26.88M27.7M28.74M29.47M29.35M29.27M
Average Shares used to compute Basic EPS26.29M25.61M25.56M26.1M26.83M27.65M28.63M29.17M29.11M28.89M
Income Before Nonrecurring Items61.18M58.85M58.75M60.65M67.18M81.13M87.89M94.58M99.63M90.17M
Income from Nonrecurring Items-11.15M-------25.8M-30.33M
Westamerica Earnings Per Share Basic Net
1.902.302.302.322.502.933.073.244.172.07
Westamerica Earnings Per Share Diluted Net
1.89M2.29M2.3M2.32M2.5M2.93M3.06M3.21M4.14M2.04M
EPS Diluted Before Nonrecurring Items2.312.292.302.322.502.933.063.213.263.08
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.571.561.531.521.491.481.451.441.411.39
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 Westamerica stock analysis are:

  • 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 WABC stock has a topline or revenue of $190.46M for 2017 as per this Westamerica revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: Most businesses like Westamerica try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

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

Westamerica Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
30.36
PS Ratio (price sales ratio)
7.99
Operating Margin
43.9
Net Profit Margin
7.6
Dividend Yield
2.72%