Algonquin Historical Income Statement

AQN Stock

USD 4.75 0.02 0.42%

Historical analysis of Algonquin Power income statement accounts such as Interest Expense of 390.1 M, Selling General Administrative of 94.9 M or Total Revenue of 2.8 B can show how well Algonquin Power Utilities performed in making a profits. Evaluating Algonquin Power income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Algonquin Power's future profits or losses.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Algonquin Power Utilities latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Algonquin Power Utilities is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

About Algonquin Income Statement Analysis

Algonquin Power Utilities Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Algonquin Power shareholders. The income statement also shows Algonquin investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Algonquin Power Income Statement Chart

At this time, Algonquin Power's Operating Income is very stable compared to the past year. As of the 24th of November 2024, EBIT is likely to grow to about 264.5 M, while Net Income is likely to drop about 19.3 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Algonquin Power Utilities generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Algonquin Power Utilities minus its cost of goods sold. It is profit before Algonquin Power operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Algonquin Power Utilities. It is also known as Algonquin Power overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Algonquin Power's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Algonquin Power Utilities current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

	2021	2022	2023	2024 (projected)
Gross Profit	1.6B	1.9B	2.0B	2.1B
Total Revenue	2.3B	2.8B	2.7B	2.8B

Gross Profit Total Revenue

Algonquin Power income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Cost Of Revenue	Income Before Tax	Total Other Income Expense Net	Net Income From Continuing Ops	Extraordinary Items	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.96	0.98	0.98	0.99	0.98	0.96	0.49	0.87	0.98	0.16	-0.34	0.93	0.01	-0.56	0.11	0.76	0.1	-0.59	0.69	-0.9	0.82	-0.55
Interest Expense	0.96		0.93	0.97	0.97	0.97	0.91	0.35	0.76	0.98	-0.02	-0.52	0.92	-0.17	-0.68	-0.08	0.71	-0.07	-0.73	0.56	-0.92	0.87	-0.72
Selling General Administrative	0.98	0.93		0.96	0.97	0.96	0.95	0.5	0.86	0.97	0.25	-0.3	0.92	0.1	-0.48	0.2	0.78	0.14	-0.55	0.6	-0.87	0.8	-0.49
Total Revenue	0.98	0.97	0.96		1.0	1.0	0.97	0.4	0.8	1.0	0.01	-0.43	0.98	-0.13	-0.67	-0.04	0.72	0.01	-0.68	0.65	-0.86	0.87	-0.57
Gross Profit	0.99	0.97	0.97	1.0		0.99	0.97	0.43	0.83	1.0	0.05	-0.4	0.96	-0.09	-0.64	0.0	0.71	0.04	-0.65	0.64	-0.88	0.85	-0.58
Other Operating Expenses	0.98	0.97	0.96	1.0	0.99		0.96	0.37	0.79	1.0	-0.01	-0.47	0.98	-0.16	-0.69	-0.06	0.73	-0.03	-0.71	0.64	-0.86	0.88	-0.58
Operating Income	0.96	0.91	0.95	0.97	0.97	0.96		0.43	0.81	0.96	0.08	-0.26	0.94	-0.04	-0.59	0.02	0.66	0.16	-0.52	0.68	-0.77	0.79	-0.41
Ebit	0.49	0.35	0.5	0.4	0.43	0.37	0.43		0.86	0.4	0.73	0.44	0.29	0.66	0.3	0.67	0.28	0.67	0.22	0.53	-0.46	0.01	-0.14
Ebitda	0.87	0.76	0.86	0.8	0.83	0.79	0.81	0.86		0.81	0.51	0.05	0.71	0.39	-0.16	0.45	0.61	0.44	-0.22	0.71	-0.79	0.49	-0.4
Total Operating Expenses	0.98	0.98	0.97	1.0	1.0	1.0	0.96	0.4	0.81		0.03	-0.45	0.96	-0.11	-0.66	-0.02	0.73	-0.01	-0.69	0.62	-0.89	0.87	-0.61
Net Income	0.16	-0.02	0.25	0.01	0.05	-0.01	0.08	0.73	0.51	0.03		0.63	-0.11	0.98	0.72	0.99	0.21	0.68	0.52	0.06	-0.19	-0.25	0.16
Income Tax Expense	-0.34	-0.52	-0.3	-0.43	-0.4	-0.47	-0.26	0.44	0.05	-0.45	0.63		-0.5	0.73	0.8	0.63	-0.42	0.84	0.93	-0.07	0.45	-0.74	0.62
Cost Of Revenue	0.93	0.92	0.92	0.98	0.96	0.98	0.94	0.29	0.71	0.96	-0.11	-0.5		-0.24	-0.74	-0.15	0.7	-0.07	-0.72	0.65	-0.78	0.88	-0.51
Income Before Tax	0.01	-0.17	0.1	-0.13	-0.09	-0.16	-0.04	0.66	0.39	-0.11	0.98	0.73	-0.24		0.82	0.99	0.06	0.71	0.65	-0.02	-0.04	-0.38	0.3
Total Other Income Expense Net	-0.56	-0.68	-0.48	-0.67	-0.64	-0.69	-0.59	0.3	-0.16	-0.66	0.72	0.8	-0.74	0.82		0.75	-0.4	0.54	0.87	-0.39	0.46	-0.81	0.52
Net Income From Continuing Ops	0.11	-0.08	0.2	-0.04	0.0	-0.06	0.02	0.67	0.45	-0.02	0.99	0.63	-0.15	0.99	0.75		0.17	0.64	0.53	0.0	-0.15	-0.27	0.21
Extraordinary Items	0.76	0.71	0.78	0.72	0.71	0.73	0.66	0.28	0.61	0.73	0.21	-0.42	0.7	0.06	-0.4	0.17		0.0	-0.49	0.52	-0.65	0.71	-0.45
Minority Interest	0.1	-0.07	0.14	0.01	0.04	-0.03	0.16	0.67	0.44	-0.01	0.68	0.84	-0.07	0.71	0.54	0.64	0.0		0.67	0.24	0.1	-0.39	0.33
Tax Provision	-0.59	-0.73	-0.55	-0.68	-0.65	-0.71	-0.52	0.22	-0.22	-0.69	0.52	0.93	-0.72	0.65	0.87	0.53	-0.49	0.67		-0.23	0.66	-0.88	0.69
Interest Income	0.69	0.56	0.6	0.65	0.64	0.64	0.68	0.53	0.71	0.62	0.06	-0.07	0.65	-0.02	-0.39	0.0	0.52	0.24	-0.23		-0.51	0.43	-0.19
Net Interest Income	-0.9	-0.92	-0.87	-0.86	-0.88	-0.86	-0.77	-0.46	-0.79	-0.89	-0.19	0.45	-0.78	-0.04	0.46	-0.15	-0.65	0.1	0.66	-0.51		-0.76	0.74
Reconciled Depreciation	0.82	0.87	0.8	0.87	0.85	0.88	0.79	0.01	0.49	0.87	-0.25	-0.74	0.88	-0.38	-0.81	-0.27	0.71	-0.39	-0.88	0.43	-0.76		-0.51
Selling And Marketing Expenses	-0.55	-0.72	-0.49	-0.57	-0.58	-0.58	-0.41	-0.14	-0.4	-0.61	0.16	0.62	-0.51	0.3	0.52	0.21	-0.45	0.33	0.69	-0.19	0.74	-0.51

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Algonquin Power Account Relationship Matchups

Algonquin Power income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	376.0M	330.7M	399.4M	437.5M	467.0M	490.3M
Interest Expense	181.5M	181.9M	209.6M	293.7M	371.5M	390.1M
Selling General Administrative	74.1M	86.2M	83.0M	91.2M	90.4M	94.9M
Total Revenue	1.6B	1.7B	2.3B	2.8B	2.7B	2.8B
Gross Profit	1.2B	1.3B	1.6B	1.9B	2.0B	2.1B
Other Operating Expenses	1.3B	1.3B	1.9B	2.3B	2.2B	2.3B
Operating Income	365.4M	384.1M	419.3M	621.5M	465.9M	489.2M
Ebit	365.4M	409.1M	348.7M	(87.5M)	251.9M	264.5M
Ebitda	741.4M	739.8M	748.1M	350.0M	718.9M	754.9M
Total Operating Expenses	830.4M	932.5M	1.2B	1.4B	1.5B	1.6B
Net Income	530.9M	782.5M	185.7M	(308.2M)	20.3M	19.3M
Income Tax Expense	70.1M	64.6M	(43.4M)	(61.5M)	(87.9M)	(83.5M)
Cost Of Revenue	443.3M	401.0M	719.1M	866.5M	735.9M	772.7M
Income Before Tax	555.1M	792.4M	142.2M	(369.7M)	(119.6M)	(113.6M)
Total Other Income Expense Net	189.7M	408.4M	(270.9M)	(870.1M)	(585.5M)	(556.2M)
Net Income From Continuing Ops	485.0M	727.8M	185.7M	(308.2M)	(33.3M)	(31.6M)
Net Income Applicable To Common Shares	522.4M	774.1M	255.9M	(220.7M)	(253.8M)	(241.1M)
Minority Interest	863.3M	785.8M	79.2M	96.2M	62.0M	58.9M
Tax Provision	70.1M	64.6M	(43.4M)	(61.5M)	(86.3M)	(82.0M)
Interest Income	233.7M	13.3M	237.8M	147.8M	134.8M	155.4M
Net Interest Income	(181.5M)	(168.6M)	(188.8M)	(147.3M)	(242.7M)	(254.8M)
Reconciled Depreciation	284.3M	314.1M	403.0M	455.5M	467.0M	387.7M

Pair Trading with Algonquin Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algonquin Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algonquin Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Algonquin Stock

0.83

RNWWW

ReNew Energy Global

Pair Corr

Moving against Algonquin Stock

0.79	NRGV	Energy Vault Holdings	Pair Corr
0.78	GEV	GE Vernova LLC	Pair Corr
0.77	WAVE	Eco Wave Power Trending	Pair Corr
0.75	ELLO	Ellomay Capital	Pair Corr
0.71	ORA	Ormat Technologies	Pair Corr

The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algonquin Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algonquin Power Utilities to buy it.

The correlation of Algonquin Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Algonquin Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Algonquin Power Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Algonquin Power's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Algonquin Power Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Algonquin Power Utilities Stock:

How To Invest In Algonquin

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Is Algonquin Stock a good investment?

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What is Algonquin Power's Net Worth?

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Largest Electric Utilities Companies

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You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.998

Dividend Share

0.391

Earnings Share

0.54

Revenue Per Share

3.671

Quarterly Revenue Growth

0.015

The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Algonquin Historical Income Statement

About Algonquin Income Statement Analysis

Algonquin Power Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Algonquin Power income statement Correlations

Algonquin Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algonquin Power income statement Accounts

Pair Trading with Algonquin Power

Moving together with Algonquin Stock

Moving against Algonquin Stock

COMMON DESTINATIONS

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COMPANY

Gross Profit	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Total Revenue
Total Operating Expenses	+ 1.0	Total Revenue
Total Operating Expenses	+ 1.0	Gross Profit
Total Operating Expenses	+ 1.0	Other Operating Expenses
Gross Profit	+ 0.99	Depreciation And Amortization

Net Interest Income	- 0.92	Interest Expense
Net Interest Income	- 0.9	Depreciation And Amortization
Net Interest Income	- 0.89	Total Operating Expenses
Reconciled Depreciation	- 0.88	Tax Provision
Net Interest Income	- 0.88	Gross Profit
Net Interest Income	- 0.87	Selling General Administrative