Onity Historical Income Statement

ONIT Stock

30.87 0.04 0.13%

Historical analysis of Onity income statement accounts such as Other Operating Expenses of 499 M can show how well Onity Group performed in making a profits. Evaluating Onity income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Onity'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 Onity Group 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 Onity Group is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onity Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

About Onity Income Statement Analysis

Onity Group 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 Onity shareholders. The income statement also shows Onity 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).

Onity Income Statement Chart

At this time, Onity's Gross Profit is comparatively stable compared to the past year. Operating Income is likely to gain to about 412 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 499 M in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

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

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

	2021	2022	2023	2024 (projected)
Total Revenue	1.1B	877.2M	1.1B	880.8M
Depreciation And Amortization	710.6M	459.5M	12.1M	11.5M

Total Revenue Depreciation And Amortization

Onity income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Interest Income	Interest Income	Interest Expense	Selling General Administrative	Tax Provision	Net Income From Continuing Ops	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.87	0.95	-0.8	-0.61	-0.99	0.68	-0.68	-0.13	-0.87	0.37	0.84	-0.85	0.09	0.66	-0.74	-0.76	0.69	-0.85	-0.08	0.8	-0.74
Total Revenue	0.87		0.77	-0.81	-0.27	-0.88	0.84	-0.7	0.25	-0.77	0.09	0.65	-0.9	-0.15	0.62	-0.5	-0.49	0.33	-0.66	-0.33	0.61	-0.41
Gross Profit	0.95	0.77		-0.73	-0.72	-0.93	0.63	-0.63	-0.28	-0.9	0.54	0.91	-0.76	0.3	0.57	-0.77	-0.81	0.76	-0.86	0.05	0.76	-0.82
Other Operating Expenses	-0.8	-0.81	-0.73		0.22	0.86	-0.88	0.89	-0.23	0.84	-0.02	-0.61	0.83	0.23	-0.68	0.7	0.66	-0.33	0.69	0.44	-0.72	0.37
Operating Income	-0.61	-0.27	-0.72	0.22		0.56	-0.09	0.15	0.85	0.63	-0.85	-0.77	0.21	-0.72	-0.29	0.5	0.6	-0.83	0.68	-0.54	-0.62	0.98
Ebit	-0.99	-0.88	-0.93	0.86	0.56		-0.72	0.78	0.08	0.9	-0.3	-0.84	0.9	-0.02	-0.74	0.79	0.8	-0.67	0.88	0.2	-0.85	0.7
Research Development	0.68	0.84	0.63	-0.88	-0.09	-0.72		-0.68	0.35	-0.78	0.11	0.44	-0.73	-0.07	0.4	-0.38	-0.35	0.04	-0.44	-0.29	0.47	-0.22
Ebitda	-0.68	-0.7	-0.63	0.89	0.15	0.78	-0.68		-0.21	0.77	0.09	-0.59	0.86	0.32	-0.9	0.83	0.78	-0.44	0.79	0.69	-0.82	0.3
Cost Of Revenue	-0.13	0.25	-0.28	-0.23	0.85	0.08	0.35	-0.21		0.23	-0.82	-0.43	-0.28	-0.81	0.01	0.2	0.3	-0.63	0.34	-0.69	-0.31	0.76
Total Operating Expenses	-0.87	-0.77	-0.9	0.84	0.63	0.9	-0.78	0.77	0.23		-0.53	-0.83	0.75	-0.29	-0.65	0.74	0.76	-0.6	0.85	0.09	-0.84	0.74
Income Before Tax	0.37	0.09	0.54	-0.02	-0.85	-0.3	0.11	0.09	-0.82	-0.53		0.52	0.02	0.96	-0.05	-0.21	-0.31	0.52	-0.36	0.73	0.35	-0.81
Total Other Income Expense Net	0.84	0.65	0.91	-0.61	-0.77	-0.84	0.44	-0.59	-0.43	-0.83	0.52		-0.63	0.29	0.62	-0.75	-0.79	0.84	-0.91	0.03	0.74	-0.85
Net Income	-0.85	-0.9	-0.76	0.83	0.21	0.9	-0.73	0.86	-0.28	0.75	0.02	-0.63		0.28	-0.81	0.75	0.71	-0.47	0.76	0.54	-0.75	0.36
Income Tax Expense	0.09	-0.15	0.3	0.23	-0.72	-0.02	-0.07	0.32	-0.81	-0.29	0.96	0.29	0.28		-0.29	0.03	-0.07	0.33	-0.11	0.82	0.1	-0.63
Net Interest Income	0.66	0.62	0.57	-0.68	-0.29	-0.74	0.4	-0.9	0.01	-0.65	-0.05	0.62	-0.81	-0.29		-0.84	-0.8	0.62	-0.87	-0.64	0.88	-0.41
Interest Income	-0.74	-0.5	-0.77	0.7	0.5	0.79	-0.38	0.83	0.2	0.74	-0.21	-0.75	0.75	0.03	-0.84		0.99	-0.82	0.91	0.36	-0.89	0.61
Interest Expense	-0.76	-0.49	-0.81	0.66	0.6	0.8	-0.35	0.78	0.3	0.76	-0.31	-0.79	0.71	-0.07	-0.8	0.99		-0.87	0.92	0.25	-0.89	0.69
Selling General Administrative	0.69	0.33	0.76	-0.33	-0.83	-0.67	0.04	-0.44	-0.63	-0.6	0.52	0.84	-0.47	0.33	0.62	-0.82	-0.87		-0.87	0.1	0.76	-0.86
Tax Provision	-0.85	-0.66	-0.86	0.69	0.68	0.88	-0.44	0.79	0.34	0.85	-0.36	-0.91	0.76	-0.11	-0.87	0.91	0.92	-0.87		0.23	-0.93	0.78
Net Income From Continuing Ops	-0.08	-0.33	0.05	0.44	-0.54	0.2	-0.29	0.69	-0.69	0.09	0.73	0.03	0.54	0.82	-0.64	0.36	0.25	0.1	0.23		-0.27	-0.43
Reconciled Depreciation	0.8	0.61	0.76	-0.72	-0.62	-0.85	0.47	-0.82	-0.31	-0.84	0.35	0.74	-0.75	0.1	0.88	-0.89	-0.89	0.76	-0.93	-0.27		-0.72
Selling And Marketing Expenses	-0.74	-0.41	-0.82	0.37	0.98	0.7	-0.22	0.3	0.76	0.74	-0.81	-0.85	0.36	-0.63	-0.41	0.61	0.69	-0.86	0.78	-0.43	-0.72

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Onity Account Relationship Matchups

Onity income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	744.9M	791.1M	710.6M	459.5M	12.1M	11.5M
Total Revenue	1.1B	951.1M	1.1B	877.2M	1.1B	880.8M
Gross Profit	981.2M	854.7M	927.0M	797.5M	584.5M	709.7M
Other Operating Expenses	362.8M	820.4M	851.7M	728.8M	649.6M	499.0M
Operating Income	31.9M	19.1M	10.3M	14.8M	392.4M	412.0M
Ebit	(727.8M)	(615.6M)	(258.7M)	(50.8M)	226.7M	238.0M
Research Development	0.11	(0.11)	0.0	0.03	0.06	0.043
Ebitda	17.1M	175.5M	451.9M	408.7M	238.8M	184.4M
Cost Of Revenue	140.9M	96.4M	123.9M	79.7M	560.1M	588.1M
Total Operating Expenses	(503.7M)	368.4M	296.2M	188.5M	584.5M	613.7M
Income Before Tax	409.1M	179.0M	350.5M	432.5M	(58.1M)	(55.2M)
Total Other Income Expense Net	9.0M	(105.7M)	(4.4M)	(369M)	(450.5M)	(428.0M)
Net Income	(126.5M)	(105.7M)	(4.4M)	25.7M	(63.7M)	(66.9M)
Income Tax Expense	377.2M	159.9M	340.3M	417.7M	5.6M	5.3M

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Onity Historical Income Statement

About Onity Income Statement Analysis

Onity Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Onity income statement Correlations

Onity Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Onity income statement Accounts

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Interest Expense	+ 0.99	Interest Income
Selling And Marketing Expenses	+ 0.98	Operating Income
Income Tax Expense	+ 0.96	Income Before Tax
Gross Profit	+ 0.95	Depreciation And Amortization
Tax Provision	+ 0.92	Interest Expense
Total Other Income Expense Net	+ 0.91	Gross Profit

Ebit	- 0.99	Depreciation And Amortization
Reconciled Depreciation	- 0.93	Tax Provision
Ebit	- 0.93	Gross Profit
Tax Provision	- 0.91	Total Other Income Expense Net
Net Interest Income	- 0.9	Ebitda
Total Operating Expenses	- 0.9	Gross Profit