Workhorse Historical Income Statement

WKHS Stock

USD 1.08 0.00 0.00%

Historical analysis of Workhorse income statement accounts such as Interest Expense of 23.4 M, Selling General Administrative of 44.6 M, Other Operating Expenses of 58.7 M or Total Operating Expenses of 54.2 M can show how well Workhorse Group performed in making a profits. Evaluating Workhorse income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Workhorse'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 Workhorse 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 Workhorse Group is a good buy for the upcoming year.

Net Income Gross Profit

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse 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 rate.

About Workhorse Income Statement Analysis

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

Workhorse Income Statement Chart

At this time, Workhorse's Reconciled Depreciation is comparatively stable compared to the past year.

Interest Expense Selling General Administrative Other Operating Expenses Selling And Marketing Expenses Cost Of Revenue

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Workhorse Group. It is also known as Workhorse 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 Workhorse Group income statement and represents the costs associated with goods and services Workhorse 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 Workhorse's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Workhorse 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse 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 rate.

At this time, Workhorse's Reconciled Depreciation is comparatively stable compared to the past year.

Workhorse income statement Correlations

	Interest Expense	Selling General Administrative	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Total Other Income Expense Net	Depreciation And Amortization	Selling And Marketing Expenses	Gross Profit	Cost Of Revenue	Income Before Tax	Total Revenue	Research Development	Net Income From Continuing Ops	Non Recurring	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.33	0.22	-0.15	-0.12	-0.1	-0.08	-0.2	0.0	-0.08	0.62	-0.35	-0.12	0.1	-0.14	0.16	0.17	-0.16	-0.43	0.78	-0.95	0.63
Selling General Administrative	0.33		0.58	-0.73	-0.58	-0.56	0.35	-0.56	-0.34	-0.24	0.72	-0.37	-0.52	0.56	-0.56	0.51	0.8	-0.58	-0.44	0.81	-0.2	0.61
Other Operating Expenses	0.22	0.58		-0.16	-0.57	-0.57	-0.48	-0.33	-0.1	0.02	0.25	-0.29	-0.55	0.56	-0.31	0.17	0.53	-0.34	-0.36	0.65	-0.17	0.18
Operating Income	-0.15	-0.73	-0.16		0.76	0.75	-0.73	0.87	0.59	0.77	-0.5	0.29	0.73	-0.74	0.88	-0.17	-0.46	0.88	0.2	-0.5	0.05	-0.44
Ebit	-0.12	-0.58	-0.57	0.76		1.0	-0.25	0.95	0.37	0.8	-0.3	0.24	0.99	-0.99	0.95	-0.05	-0.43	0.96	0.28	-0.52	0.08	-0.25
Ebitda	-0.1	-0.56	-0.57	0.75	1.0		-0.24	0.95	0.36	0.8	-0.27	0.23	0.99	-0.99	0.95	-0.03	-0.42	0.95	0.27	-0.51	0.06	-0.23
Total Operating Expenses	-0.08	0.35	-0.48	-0.73	-0.25	-0.24		-0.49	-0.22	-0.58	0.32	0.06	-0.22	0.26	-0.52	0.31	0.28	-0.5	-0.06	0.0	0.16	0.29
Net Income	-0.2	-0.56	-0.33	0.87	0.95	0.95	-0.49		0.36	0.92	-0.35	0.21	0.94	-0.95	1.0	-0.09	-0.41	1.0	0.28	-0.5	0.14	-0.31
Income Tax Expense	0.0	-0.34	-0.1	0.59	0.37	0.36	-0.22	0.36		0.34	-0.25	0.46	0.33	-0.28	0.38	0.43	0.16	0.38	-0.15	-0.27	-0.04	-0.24
Total Other Income Expense Net	-0.08	-0.24	0.02	0.77	0.8	0.8	-0.58	0.92	0.34		-0.17	0.1	0.81	-0.8	0.92	0.1	-0.1	0.91	0.1	-0.2	0.07	-0.17
Depreciation And Amortization	0.62	0.72	0.25	-0.5	-0.3	-0.27	0.32	-0.35	-0.25	-0.17		-0.28	-0.25	0.27	-0.35	0.53	0.41	-0.37	-0.46	0.73	-0.51	0.99
Selling And Marketing Expenses	-0.35	-0.37	-0.29	0.29	0.24	0.23	0.06	0.21	0.46	0.1	-0.28		0.2	-0.14	0.19	0.12	0.0	0.21	-0.33	-0.52	0.31	-0.28
Gross Profit	-0.12	-0.52	-0.55	0.73	0.99	0.99	-0.22	0.94	0.33	0.81	-0.25	0.2		-0.99	0.94	0.01	-0.38	0.95	0.27	-0.49	0.1	-0.21
Cost Of Revenue	0.1	0.56	0.56	-0.74	-0.99	-0.99	0.26	-0.95	-0.28	-0.8	0.27	-0.14	-0.99		-0.95	0.09	0.47	-0.95	-0.33	0.49	-0.06	0.22
Income Before Tax	-0.14	-0.56	-0.31	0.88	0.95	0.95	-0.52	1.0	0.38	0.92	-0.35	0.19	0.94	-0.95		-0.09	-0.41	1.0	0.26	-0.45	0.08	-0.31
Total Revenue	0.16	0.51	0.17	-0.17	-0.05	-0.03	0.31	-0.09	0.43	0.1	0.53	0.12	0.01	0.09	-0.09		0.74	-0.1	-0.38	0.3	0.03	0.45
Research Development	0.17	0.8	0.53	-0.46	-0.43	-0.42	0.28	-0.41	0.16	-0.1	0.41	0.0	-0.38	0.47	-0.41	0.74		-0.42	-0.52	0.58	-0.01	0.27
Net Income From Continuing Ops	-0.16	-0.58	-0.34	0.88	0.96	0.95	-0.5	1.0	0.38	0.91	-0.37	0.21	0.95	-0.95	1.0	-0.1	-0.42		0.28	-0.49	0.11	-0.34
Non Recurring	-0.43	-0.44	-0.36	0.2	0.28	0.27	-0.06	0.28	-0.15	0.1	-0.46	-0.33	0.27	-0.33	0.26	-0.38	-0.52	0.28		-0.49	0.38	-0.39
Interest Income	0.78	0.81	0.65	-0.5	-0.52	-0.51	0.0	-0.5	-0.27	-0.2	0.73	-0.52	-0.49	0.49	-0.45	0.3	0.58	-0.49	-0.49		-0.68	0.67
Net Interest Income	-0.95	-0.2	-0.17	0.05	0.08	0.06	0.16	0.14	-0.04	0.07	-0.51	0.31	0.1	-0.06	0.08	0.03	-0.01	0.11	0.38	-0.68		-0.55
Reconciled Depreciation	0.63	0.61	0.18	-0.44	-0.25	-0.23	0.29	-0.31	-0.24	-0.17	0.99	-0.28	-0.21	0.22	-0.31	0.45	0.27	-0.34	-0.39	0.67	-0.55

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Workhorse Account Relationship Matchups

Workhorse income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Interest Expense	12.5M	6.7M	332.7K	8.7M	22.2M	23.4M
Selling General Administrative	20.2M	40.2M	72.2M	53.5M	42.5M	44.6M
Other Operating Expenses	280.7M	184.3M	134.1M	118.4M	80.5M	58.7M
Operating Income	116.3M	(185.1M)	(129.1M)	(105.3M)	(73.9M)	(70.2M)
Ebit	(41.0M)	(416.5M)	(116.9M)	(115.3M)	(79.7M)	(83.6M)
Ebitda	(40.2M)	(414.6M)	(113.9M)	(111.2M)	(71.8M)	(75.3M)
Total Operating Expenses	(293.8M)	51.8M	96.4M	80.0M	51.7M	54.2M
Net Income	69.8M	(401.3M)	(105.5M)	(123.9M)	(101.8M)	(96.7M)
Income Tax Expense	21.8M	(21.8M)	(11.8M)	(110.5K)	(117.1K)	(111.2K)
Total Other Income Expense Net	132.6M	(238.1M)	11.8M	(18.7M)	(28.0M)	(26.6M)
Depreciation And Amortization	809.6K	1.9M	3.0M	4.1M	7.9M	8.3M
Gross Profit	(11.7M)	(133.3M)	(32.6M)	(25.3M)	(22.2M)	(23.3M)
Cost Of Revenue	13.1M	132.5M	37.7M	38.4M	28.8M	22.4M
Income Before Tax	91.6M	(423.2M)	(117.3M)	(124.0M)	(101.9M)	(96.8M)
Total Revenue	1.4M	(851.9K)	5.0M	13.1M	6.6M	6.9M
Research Development	9.1M	11.6M	23.2M	24.5M	9.1M	9.9M
Net Income From Continuing Ops	69.8M	(401.3M)	(117.3M)	(117.3M)	(101.8M)	(106.9M)
Net Income Applicable To Common Shares	(37.2M)	69.8M	(401.3M)	(117.3M)	(105.5M)	(100.3M)
Net Interest Income	(12.9M)	(6.7M)	(332.7K)	3.4M	(22.2M)	(21.1M)
Reconciled Depreciation	809.6K	1.9M	1.9M	3.0M	7.9M	8.3M
Tax Provision	21.8M	(21.8M)	(13.2K)	(110.5K)	(117.1K)	(111.2K)

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Workhorse Historical Income Statement

About Workhorse Income Statement Analysis

Workhorse Income Statement Chart

Interest Expense

Other Operating Expenses

Cost Of Revenue

Workhorse income statement Correlations

Workhorse Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Workhorse income statement Accounts

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Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Net Income
Net Income From Continuing Ops	+ 1.0	Net Income
Net Income From Continuing Ops	+ 1.0	Income Before Tax
Gross Profit	+ 0.99	Ebit
Gross Profit	+ 0.99	Ebitda

Cost Of Revenue	- 0.99	Gross Profit
Cost Of Revenue	- 0.99	Ebitda
Cost Of Revenue	- 0.99	Ebit
Net Income From Continuing Ops	- 0.95	Cost Of Revenue
Income Before Tax	- 0.95	Cost Of Revenue
Cost Of Revenue	- 0.95	Net Income