Medtronic Historical Income Statement
| MDT Stock | USD 86.21 1.47 1.73% |
Historical analysis of Medtronic PLC income statement accounts such as Gross Profit of 9.8 B can show how well Medtronic PLC performed in making a profits. Evaluating Medtronic PLC income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Medtronic PLC's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Medtronic PLC 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 Medtronic PLC is a good buy for the upcoming year.
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About Medtronic Income Statement Analysis
Medtronic PLC 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 Medtronic PLC shareholders. The income statement also shows Medtronic 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).
Medtronic PLC Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Medtronic PLC 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 Medtronic PLC minus its cost of goods sold. It is profit before Medtronic PLC 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 Medtronic PLC. It is also known as Medtronic PLC 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 Medtronic PLC 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 Medtronic PLC 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Medtronic PLC income statement and is an important metric when analyzing Medtronic PLC profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Medtronic PLC financial statement analysis. It represents the amount of money remaining after all of Medtronic PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Medtronic PLC's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Medtronic PLC 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medtronic PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Medtronic Stock please use our How to Invest in Medtronic PLC guide.At this time, Medtronic PLC's Non Operating Income Net Other is comparatively stable compared to the past year. Extraordinary Items is likely to gain to about 128 M in 2024, whereas EBIT is likely to drop slightly above 3.6 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 21.5B | 20.5B | 19.5B | 9.8B | Total Revenue | 31.7B | 31.2B | 32.4B | 34.0B |
Medtronic PLC income statement Correlations
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Medtronic PLC income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 3.5B | 2.7B | 2.7B | 2.7B | 2.6B | 2.8B | |
| Interest Expense | 1.1B | 925M | 553M | 636M | 719M | 755.0M | |
| Total Revenue | 28.9B | 30.1B | 31.7B | 31.2B | 32.4B | 34.0B | |
| Gross Profit | 19.5B | 19.6B | 21.5B | 20.5B | 19.5B | 9.8B | |
| Other Operating Expenses | 23.7B | 25.2B | 25.8B | 25.4B | 27.2B | 28.6B | |
| Operating Income | 4.8B | 4.5B | 5.8B | 5.5B | 5.1B | 3.0B | |
| Ebit | 4.8B | 5.5B | 6.8B | 5.8B | 6.4B | 3.6B | |
| Ebitda | 8.2B | 8.2B | 9.6B | 8.5B | 9.1B | 4.7B | |
| Cost Of Revenue | 9.4B | 10.5B | 10.1B | 10.7B | 12.9B | 13.6B | |
| Total Operating Expenses | 14.3B | 14.7B | 15.6B | 14.7B | 16.1B | 16.9B | |
| Income Before Tax | 4.1B | 3.9B | 5.5B | 5.4B | 4.8B | 2.7B | |
| Total Other Income Expense Net | (736M) | (589M) | (235M) | (121M) | (307M) | (322.4M) | |
| Net Income | 4.8B | 3.6B | 5.0B | 3.8B | 3.7B | 2.2B | |
| Income Tax Expense | (751M) | 265M | 456M | 1.6B | 1.1B | 1.2B | |
| Research Development | 2.3B | 2.5B | 2.7B | 2.7B | 2.7B | 1.5B | |
| Selling General Administrative | 9.9B | 10.1B | 10.3B | 10.4B | 10.7B | 7.7B | |
| Net Income Applicable To Common Shares | 4.8B | 3.6B | 5.0B | 3.8B | 4.3B | 3.2B | |
| Net Income From Continuing Ops | 4.8B | 3.6B | 5.1B | 3.8B | 3.7B | 4.2B | |
| Non Recurring | 313M | 118M | 95M | (30M) | (27M) | (25.7M) | |
| Minority Interest | 17M | 174M | (22M) | (26M) | (28M) | (26.6M) | |
| Tax Provision | (751M) | 265M | 456M | 1.6B | 1.1B | 639.8M | |
| Non Operating Income Net Other | 356M | 336M | 318M | 515M | 592.3M | 621.9M | |
| Interest Income | 379M | 617M | 541M | 164M | 147.6M | 140.2M | |
| Extraordinary Items | (2.3B) | (12M) | 63M | 106M | 121.9M | 128.0M | |
| Net Interest Income | (1.1B) | (925M) | (553M) | (636M) | (719M) | (755.0M) | |
| Reconciled Depreciation | 2.7B | 2.7B | 2.7B | 2.7B | 2.6B | 2.2B |
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When running Medtronic PLC's price analysis, check to measure Medtronic PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.