International Net Income vs Depreciation Analysis

IGT Stock

USD 19.23 0.10 0.52%

International Game financial indicator trend analysis is infinitely more than just investigating International Game recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether International Game is a good investment. Please check the relationship between International Game Net Income and its Depreciation accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Game Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of International Game Net Income account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between International Game's Net Income and Depreciation is -0.32. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of International Game Technology, assuming nothing else is changed. The correlation between historical values of International Game's Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of International Game Technology are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., International Game's Net Income and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in International Game financial statement analysis. It represents the amount of money remaining after all of International Game Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Depreciation

Depreciation indicates how much of International Game value has been used up. For tax purposes International Game can deduct the cost of the tangible assets it purchases as business expenses. However, International Game Technology must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

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

At this time, International Game's Discontinued Operations is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 11.05 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.15 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	341M	304M	311M	283.0M
Depreciation And Amortization	526M	685M	523M	560.3M

Interest Expense Depreciation And Amortization

International Game fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Short Term Investments	Other Stockholder Equity
Total Assets		0.95	0.8	0.7	0.31	0.9	0.5	0.94	-0.29	0.67	0.58	0.99	0.73	0.57	0.76	0.88	0.94	0.78	0.22	0.97	0.85	-0.06	0.81	-0.46	0.21	0.43
Short Long Term Debt Total	0.95		0.77	0.57	0.0	0.81	0.32	1.0	-0.53	0.45	0.61	0.93	0.87	0.6	0.63	0.87	0.99	0.65	0.43	0.99	0.85	-0.14	0.66	-0.68	0.44	0.37
Other Current Liab	0.8	0.77		0.81	0.1	0.65	0.16	0.75	-0.36	0.45	0.63	0.78	0.76	0.62	0.53	0.65	0.74	0.68	0.09	0.83	0.7	0.24	0.57	-0.48	0.32	0.41
Total Current Liabilities	0.7	0.57	0.81		0.34	0.75	0.48	0.53	-0.13	0.8	0.65	0.66	0.48	0.65	0.72	0.65	0.49	0.54	0.05	0.64	0.75	0.61	0.45	-0.02	0.09	0.59
Total Stockholder Equity	0.31	0.0	0.1	0.34		0.38	0.6	0.02	0.73	0.66	-0.12	0.36	-0.33	-0.1	0.38	0.12	0.01	0.42	-0.53	0.08	0.05	0.07	0.67	0.5	-0.72	0.1
Property Plant And Equipment Net	0.9	0.81	0.65	0.75	0.38		0.63	0.8	-0.21	0.8	0.54	0.88	0.58	0.54	0.82	0.88	0.77	0.68	0.16	0.84	0.82	0.13	0.67	-0.16	0.12	0.62
Current Deferred Revenue	0.5	0.32	0.16	0.48	0.6	0.63		0.3	0.14	0.8	0.36	0.47	-0.05	0.37	0.73	0.54	0.29	0.46	0.01	0.36	0.55	0.04	0.5	0.31	-0.32	0.38
Net Debt	0.94	1.0	0.75	0.53	0.02	0.8	0.3		-0.52	0.43	0.54	0.93	0.87	0.53	0.61	0.86	0.99	0.65	0.43	0.99	0.81	-0.17	0.67	-0.69	0.42	0.36
Retained Earnings	-0.29	-0.53	-0.36	-0.13	0.73	-0.21	0.14	-0.52		0.17	-0.44	-0.24	-0.7	-0.43	-0.18	-0.53	-0.52	-0.13	-0.59	-0.49	-0.46	0.13	0.22	0.72	-0.89	-0.3
Accounts Payable	0.67	0.45	0.45	0.8	0.66	0.8	0.8	0.43	0.17		0.44	0.63	0.2	0.46	0.85	0.61	0.39	0.52	-0.05	0.52	0.69	0.34	0.56	0.28	-0.21	0.61
Cash	0.58	0.61	0.63	0.65	-0.12	0.54	0.36	0.54	-0.44	0.44		0.49	0.52	1.0	0.6	0.58	0.56	0.34	0.33	0.63	0.85	0.25	0.25	-0.3	0.43	0.29
Non Current Assets Total	0.99	0.93	0.78	0.66	0.36	0.88	0.47	0.93	-0.24	0.63	0.49		0.71	0.48	0.71	0.85	0.93	0.8	0.16	0.95	0.77	-0.11	0.85	-0.47	0.17	0.39
Non Currrent Assets Other	0.73	0.87	0.76	0.48	-0.33	0.58	-0.05	0.87	-0.7	0.2	0.52	0.71		0.51	0.37	0.68	0.86	0.43	0.53	0.86	0.7	-0.05	0.32	-0.79	0.66	0.45
Cash And Short Term Investments	0.57	0.6	0.62	0.65	-0.1	0.54	0.37	0.53	-0.43	0.46	1.0	0.48	0.51		0.61	0.58	0.55	0.34	0.31	0.62	0.85	0.26	0.25	-0.28	0.42	0.29
Net Receivables	0.76	0.63	0.53	0.72	0.38	0.82	0.73	0.61	-0.18	0.85	0.6	0.71	0.37	0.61		0.77	0.6	0.63	-0.05	0.68	0.81	0.11	0.54	0.02	0.11	0.51
Common Stock Shares Outstanding	0.88	0.87	0.65	0.65	0.12	0.88	0.54	0.86	-0.53	0.61	0.58	0.85	0.68	0.58	0.77		0.85	0.75	0.33	0.88	0.84	-0.04	0.53	-0.44	0.43	0.59
Non Current Liabilities Total	0.94	0.99	0.74	0.49	0.01	0.77	0.29	0.99	-0.52	0.39	0.56	0.93	0.86	0.55	0.6	0.85		0.68	0.39	0.98	0.8	-0.24	0.68	-0.71	0.44	0.32
Inventory	0.78	0.65	0.68	0.54	0.42	0.68	0.46	0.65	-0.13	0.52	0.34	0.8	0.43	0.34	0.63	0.75	0.68		-0.16	0.72	0.54	-0.2	0.71	-0.3	0.1	0.41
Other Current Assets	0.22	0.43	0.09	0.05	-0.53	0.16	0.01	0.43	-0.59	-0.05	0.33	0.16	0.53	0.31	-0.05	0.33	0.39	-0.16		0.36	0.46	-0.01	-0.14	-0.53	0.45	0.22
Total Liab	0.97	0.99	0.83	0.64	0.08	0.84	0.36	0.99	-0.49	0.52	0.63	0.95	0.86	0.62	0.68	0.88	0.98	0.72	0.36		0.86	-0.08	0.69	-0.63	0.4	0.41
Total Current Assets	0.85	0.85	0.7	0.75	0.05	0.82	0.55	0.81	-0.46	0.69	0.85	0.77	0.7	0.85	0.81	0.84	0.8	0.54	0.46	0.86		0.15	0.48	-0.36	0.37	0.52
Short Term Debt	-0.06	-0.14	0.24	0.61	0.07	0.13	0.04	-0.17	0.13	0.34	0.25	-0.11	-0.05	0.26	0.11	-0.04	-0.24	-0.2	-0.01	-0.08	0.15		-0.22	0.41	-0.14	0.22
Intangible Assets	0.81	0.66	0.57	0.45	0.67	0.67	0.5	0.67	0.22	0.56	0.25	0.85	0.32	0.25	0.54	0.53	0.68	0.71	-0.14	0.69	0.48	-0.22		-0.21	-0.26	0.05
Common Stock	-0.46	-0.68	-0.48	-0.02	0.5	-0.16	0.31	-0.69	0.72	0.28	-0.3	-0.47	-0.79	-0.28	0.02	-0.44	-0.71	-0.3	-0.53	-0.63	-0.36	0.41	-0.21		-0.72	0.01
Short Term Investments	0.21	0.44	0.32	0.09	-0.72	0.12	-0.32	0.42	-0.89	-0.21	0.43	0.17	0.66	0.42	0.11	0.43	0.44	0.1	0.45	0.4	0.37	-0.14	-0.26	-0.72		0.28
Other Stockholder Equity	0.43	0.37	0.41	0.59	0.1	0.62	0.38	0.36	-0.3	0.61	0.29	0.39	0.45	0.29	0.51	0.59	0.32	0.41	0.22	0.41	0.52	0.22	0.05	0.01	0.28

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International Game Account Relationship Matchups

International Game fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.6B	13.0B	11.3B	10.4B	10.5B	10.2B
Short Long Term Debt Total	8.4B	8.5B	6.8B	6.1B	5.9B	5.2B
Other Current Liab	814.3M	929.6M	508M	767M	635M	661.7M
Total Current Liabilities	2.5B	2.6B	1.9B	1.9B	1.7B	2.1B
Total Stockholder Equity	1.9B	776.7M	1.3B	1.4B	1.4B	2.2B
Property Plant And Equipment Net	1.8B	1.5B	1.3B	1.2B	1.2B	1.0B
Current Deferred Revenue	67.8M	107.5M	104M	91M	69M	80.9M
Net Debt	7.7B	7.6B	6.2B	5.5B	5.4B	4.7B
Retained Earnings	(1.0B)	(1.9B)	(1.4B)	(2.1B)	(1.0B)	(957.6M)
Accounts Payable	1.1B	1.1B	1.0B	731M	797M	1.0B
Cash	662.9M	907.0M	591M	590M	572M	519.1M
Non Current Assets Total	11.0B	9.6B	8.8B	8.4B	8.4B	8.1B
Non Currrent Assets Other	1.9B	1.8B	1.4B	986M	848M	906.9M
Cash And Short Term Investments	662.9M	907.0M	591M	590M	572M	532.3M
Net Receivables	1.0B	1.2B	1.1B	1.0B	965M	1.0B
Common Stock Shares Outstanding	204.4M	204.7M	206.8M	203.4M	203M	182.3M
Liabilities And Stockholders Equity	13.9B	13.0B	11.3B	10.4B	10.5B	10.2B
Non Current Liabilities Total	8.7B	8.8B	7.4B	6.7B	6.8B	5.6B
Inventory	161.8M	169.2M	183M	254M	317M	198.6M
Other Current Assets	571.9M	933.3M	591M	254M	242M	255.9M
Total Liab	11.2B	11.4B	9.4B	8.6B	8.5B	7.7B
Total Current Assets	2.6B	3.4B	2.5B	2.0B	2.1B	2.1B
Accumulated Other Comprehensive Income	262.5M	329.8M	412M	502M	521M	448.1M
Short Term Debt	465.3M	437M	91M	108M	56M	53.2M
Intangible Assets	1.8B	1.6B	1.4B	1.4B	1.6B	1.7B
Common Stock	20.4M	20.4M	20.5M	21M	18.9M	18.0M
Other Stockholder Equity	2.6B	2.3B	2.3B	2.0B	1.9B	2.2B
Good Will	5.5B	4.7B	4.7B	4.6B	4.5B	5.1B
Other Assets	1.1B	294.5M	(3M)	3M	(1M)	(950K)
Long Term Debt	7.6B	7.9B	6.5B	5.7B	5.7B	5.7B
Long Term Debt Total	7.6B	7.9B	6.5B	5.7B	5.1B	5.9B
Capital Surpluse	2.4B	2.3B	2.3B	2.2B	2.0B	2.0B
Cash And Equivalents	662.9M	907.0M	591M	590M	678.5M	684.1M
Property Plant Equipment	1.7B	1.5B	1.4B	1.3B	1.2B	1.2B
Other Liab	782.5M	662.1M	664M	655M	589.5M	598.2M
Net Tangible Assets	(6.6B)	(7.0B)	(5.9B)	(5.3B)	(6.1B)	(6.4B)
Capital Lease Obligations	397.5M	341.3M	269M	298M	254M	263.7M
Net Invested Capital	9.7B	9.0B	7.8B	7.2B	7.1B	7.0B
Short Long Term Debt	465.3M	393.2M	52M	61M	16M	15.2M

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