Precision Historical Income Statement
| PDS Stock | USD 66.13 0.99 1.52% |
Historical analysis of Precision Drilling income statement accounts such as Other Operating Expenses of 1.3 B, Operating Income of 641.7 M, EBIT of 329.2 M or Ebitda of 446.3 M can show how well Precision Drilling performed in making a profits. Evaluating Precision Drilling income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Precision Drilling's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Precision Drilling 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 Precision Drilling is a good buy for the upcoming year.
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About Precision Income Statement Analysis
Precision Drilling 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 Precision Drilling shareholders. The income statement also shows Precision 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).
Precision Drilling Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Precision Drilling 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 Precision Drilling minus its cost of goods sold. It is profit before Precision Drilling 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 Precision Drilling. It is also known as Precision Drilling 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.Cost Of Revenue
Cost of Revenue is found on Precision Drilling income statement and represents the costs associated with goods and services Precision Drilling provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Precision Drilling's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Precision Drilling 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 Precision Drilling. 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 Precision Stock please use our How to Invest in Precision Drilling guide.At this time, Precision Drilling's Interest Expense is comparatively stable compared to the past year. Operating Income is likely to gain to about 641.7 M in 2024, whereas Total Revenue is likely to drop slightly above 1.5 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 91.4M | 87.8M | 84.8M | 118.0M | Depreciation And Amortization | 282.3M | 279.0M | 285.8M | 233.5M |
Precision Drilling income statement Correlations
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Precision Drilling Account Relationship Matchups
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Precision Drilling income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 333.6M | 316.3M | 282.3M | 279.0M | 285.8M | 233.5M | |
| Interest Expense | 118.5M | 107.5M | 91.4M | 87.8M | 84.8M | 118.0M | |
| Total Revenue | 1.5B | 935.8M | 986.8M | 1.6B | 1.9B | 1.5B | |
| Gross Profit | 168.7M | 36.0M | 6.4M | 213.6M | 426.2M | 301.9M | |
| Other Operating Expenses | 1.5B | 970.6M | 1.1B | 1.6B | 1.3B | 1.3B | |
| Operating Income | 44.5M | (34.9M) | (89.6M) | 32.6M | 611.1M | 641.7M | |
| Ebit | 44.5M | (7.2M) | (101.0M) | 32.6M | 313.6M | 329.2M | |
| Ebitda | 378.1M | 309.1M | 181.3M | 311.6M | 599.4M | 446.3M | |
| Cost Of Revenue | 1.4B | 899.7M | 980.5M | 1.4B | 1.5B | 1.1B | |
| Total Operating Expenses | 124.3M | 70.9M | 95.9M | 181.0M | 122.2M | 151.8M | |
| Income Before Tax | (8.3M) | (109.2M) | (182.8M) | (14.1M) | 265.8M | 279.1M | |
| Total Other Income Expense Net | (52.8M) | (109.2M) | (182.8M) | (46.7M) | (345.3M) | (328.1M) | |
| Net Income | 6.6M | (120.1M) | (177.4M) | (34.3M) | 289.2M | 303.7M | |
| Income Tax Expense | (15.0M) | 11.0M | (5.4M) | 20.2M | (23.5M) | (22.3M) | |
| Selling General Administrative | 104.0M | 70.9M | 95.9M | 181.0M | 122.2M | 116.5M | |
| Net Income From Continuing Ops | 6.6M | (120.1M) | (177.4M) | (34.3M) | 146.0M | 153.3M | |
| Net Income Applicable To Common Shares | 6.6M | (120.1M) | (177.4M) | (34.3M) | (30.9M) | (29.3M) | |
| Tax Provision | (15.0M) | 11.0M | (5.4M) | 20.2M | 54.4M | 57.1M | |
| Interest Income | 109.7M | 112.0M | 92.2M | 76.6M | 1.4M | 1.3M | |
| Net Interest Income | (118.5M) | (107.5M) | (91.4M) | (87.8M) | (87.5M) | (91.8M) | |
| Reconciled Depreciation | 333.6M | 316.3M | 282.3M | 279.0M | 290.2M | 256.6M |
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When running Precision Drilling's price analysis, check to measure Precision Drilling'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 Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.