Fortescue Historical Income Statement

FMG Stock

18.31 0.20 1.10%

Historical analysis of Fortescue income statement accounts such as Total Revenue of 19.1 B or Gross Profit of 10 B can show how well Fortescue performed in making a profits. Evaluating Fortescue income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Fortescue's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Fortescue 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 Fortescue is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortescue. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Fortescue Income Statement Analysis

Fortescue 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 Fortescue shareholders. The income statement also shows Fortescue 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).

Fortescue Income Statement Chart

At this time, Fortescue's Income Before Tax is comparatively stable compared to the past year. Net Income is likely to gain to about 6 B in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 88.8 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income Minority Interest Tax Provision

Total Revenue

Total revenue comprises all receipts Fortescue 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 Fortescue minus its cost of goods sold. It is profit before Fortescue 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 Fortescue. It is also known as Fortescue 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.

Operating Income

Operating Income is the amount of profit realized from Fortescue operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Fortescue is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Fortescue whose combined shares represent less than 50% of the total outstanding shares issued by Fortescue have a minority interest in Fortescue.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Fortescue's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Fortescue 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortescue. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Interest Expense	165.0M	271.5M	73M	69.4M
Depreciation And Amortization	1.5B	1.7B	2.1B	2.3B

Interest Expense Depreciation And Amortization

Fortescue income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Cost Of Revenue	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.28	0.79	0.63	0.92	0.61	0.63	0.71	0.34	0.62	-0.21	0.6	0.63	0.7	0.95	0.51	0.42	0.4	0.04	0.63	-0.68	-0.47	0.51
Interest Expense	-0.28		-0.37	-0.42	-0.21	-0.44	-0.44	-0.44	0.0	-0.47	-0.24	-0.47	-0.49	-0.34	-0.23	-0.32	-0.26	-0.54	0.16	-0.55	0.56	0.34	-0.3
Total Revenue	0.79	-0.37		0.97	0.88	0.96	0.95	0.98	0.36	0.95	-0.22	0.95	0.95	0.64	0.9	0.58	0.52	0.8	-0.27	0.89	-0.81	-0.39	0.21
Gross Profit	0.63	-0.42	0.97		0.75	0.99	0.99	0.99	0.28	0.99	-0.19	0.99	0.99	0.53	0.77	0.5	0.48	0.89	-0.33	0.92	-0.79	-0.35	0.08
Other Operating Expenses	0.92	-0.21	0.88	0.75		0.71	0.71	0.77	0.58	0.7	-0.22	0.69	0.71	0.78	0.99	0.69	0.51	0.45	-0.13	0.64	-0.64	-0.35	0.41
Operating Income	0.61	-0.44	0.96	0.99	0.71		1.0	0.99	0.17	1.0	-0.18	1.0	1.0	0.49	0.74	0.44	0.48	0.93	-0.33	0.95	-0.83	-0.38	0.06
Ebit	0.63	-0.44	0.95	0.99	0.71	1.0		0.99	0.16	1.0	-0.18	1.0	1.0	0.49	0.75	0.41	0.48	0.93	-0.33	0.96	-0.84	-0.38	0.05
Ebitda	0.71	-0.44	0.98	0.99	0.77	0.99	0.99		0.19	0.99	-0.19	0.99	0.99	0.54	0.81	0.44	0.5	0.9	-0.3	0.96	-0.86	-0.41	0.12
Total Operating Expenses	0.34	0.0	0.36	0.28	0.58	0.17	0.16	0.19		0.15	0.01	0.17	0.17	0.5	0.45	0.72	0.22	-0.08	-0.1	0.02	0.05	0.1	0.25
Income Before Tax	0.62	-0.47	0.95	0.99	0.7	1.0	1.0	0.99	0.15		-0.14	1.0	1.0	0.47	0.74	0.43	0.44	0.94	-0.3	0.96	-0.83	-0.38	0.07
Total Other Income Expense Net	-0.21	-0.24	-0.22	-0.19	-0.22	-0.18	-0.18	-0.19	0.01	-0.14		-0.12	-0.14	-0.35	-0.24	-0.05	-0.41	-0.07	0.19	-0.09	0.15	0.2	-0.06
Net Income	0.6	-0.47	0.95	0.99	0.69	1.0	1.0	0.99	0.17	1.0	-0.12		1.0	0.47	0.73	0.43	0.46	0.94	-0.33	0.96	-0.83	-0.36	0.06
Income Tax Expense	0.63	-0.49	0.95	0.99	0.71	1.0	1.0	0.99	0.17	1.0	-0.14	1.0		0.48	0.75	0.46	0.44	0.93	-0.28	0.96	-0.83	-0.38	0.1
Research Development	0.7	-0.34	0.64	0.53	0.78	0.49	0.49	0.54	0.5	0.47	-0.35	0.47	0.48		0.76	0.59	0.86	0.3	-0.47	0.47	-0.59	-0.25	0.35
Cost Of Revenue	0.95	-0.23	0.9	0.77	0.99	0.74	0.75	0.81	0.45	0.74	-0.24	0.73	0.75	0.76		0.62	0.51	0.52	-0.12	0.7	-0.71	-0.41	0.41
Selling General Administrative	0.51	-0.32	0.58	0.5	0.69	0.44	0.41	0.44	0.72	0.43	-0.05	0.43	0.46	0.59	0.62		0.18	0.24	0.02	0.28	-0.21	-0.14	0.51
Selling And Marketing Expenses	0.42	-0.26	0.52	0.48	0.51	0.48	0.48	0.5	0.22	0.44	-0.41	0.46	0.44	0.86	0.51	0.18		0.38	-0.76	0.5	-0.62	-0.19	-0.04
Net Income From Continuing Ops	0.4	-0.54	0.8	0.89	0.45	0.93	0.93	0.9	-0.08	0.94	-0.07	0.94	0.93	0.3	0.52	0.24	0.38		-0.29	0.93	-0.81	-0.26	0.06
Minority Interest	0.04	0.16	-0.27	-0.33	-0.13	-0.33	-0.33	-0.3	-0.1	-0.3	0.19	-0.33	-0.28	-0.47	-0.12	0.02	-0.76	-0.29		-0.26	0.38	0.06	0.47
Tax Provision	0.63	-0.55	0.89	0.92	0.64	0.95	0.96	0.96	0.02	0.96	-0.09	0.96	0.96	0.47	0.7	0.28	0.5	0.93	-0.26		-0.89	-0.42	0.08
Interest Income	-0.68	0.56	-0.81	-0.79	-0.64	-0.83	-0.84	-0.86	0.05	-0.83	0.15	-0.83	-0.83	-0.59	-0.71	-0.21	-0.62	-0.81	0.38	-0.89		0.54	-0.19
Net Interest Income	-0.47	0.34	-0.39	-0.35	-0.35	-0.38	-0.38	-0.41	0.1	-0.38	0.2	-0.36	-0.38	-0.25	-0.41	-0.14	-0.19	-0.26	0.06	-0.42	0.54		-0.12
Reconciled Depreciation	0.51	-0.3	0.21	0.08	0.41	0.06	0.05	0.12	0.25	0.07	-0.06	0.06	0.1	0.35	0.41	0.51	-0.04	0.06	0.47	0.08	-0.19	-0.12

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Fortescue Account Relationship Matchups

Fortescue income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.4B	1.4B	1.5B	1.7B	2.1B	2.3B
Interest Expense	266.7M	164.1M	165.0M	271.5M	73M	69.4M
Total Revenue	13.3B	22.4B	16.5B	16.7B	18.2B	19.1B
Gross Profit	7.2B	15.5B	9.2B	8.7B	9.5B	10.0B
Other Operating Expenses	6.1B	7.2B	7.9B	8.8B	9.7B	10.2B
Operating Income	7.1B	15.2B	8.6B	7.9B	8.5B	8.9B
Ebit	7.2B	15.3B	8.9B	7.9B	8.4B	8.8B
Ebitda	8.6B	16.6B	10.4B	9.6B	10.5B	11.0B
Total Operating Expenses	117.8M	260.7M	529.0M	830.3M	1.1B	1.1B
Income Before Tax	6.9B	14.8B	8.4B	6.8B	8.3B	8.7B
Total Other Income Expense Net	(202.6M)	(372M)	216.2M	(1.0B)	(189M)	(179.6M)
Net Income	4.7B	10.3B	6.2B	4.8B	5.7B	6.0B
Income Tax Expense	2.0B	4.5B	2.5B	2.1B	2.6B	2.8B
Cost Of Revenue	6.0B	6.9B	7.3B	7.9B	8.7B	9.1B
Selling General Administrative	79.0M	116.4M	140.3M	191.3M	416M	436.8M
Selling And Marketing Expenses	38.8M	144.3M	388.8M	639.1M	96M	88.8M
Net Income Applicable To Common Shares	4.7B	10.3B	6.2B	4.8B	5.5B	5.8B
Net Income From Continuing Ops	6.9B	10.3B	6.2B	4.8B	5.7B	4.7B
Tax Provision	2.0B	4.4B	2.6B	2.1B	2.6B	1.9B
Interest Income	159M	16M	14M	87M	218M	206.2M
Net Interest Income	(91.8M)	(224M)	(160M)	(126M)	(168M)	(176.4M)
Reconciled Depreciation	2.0B	1.4B	1.5B	1.7B	2.1B	1.9B

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