Griffin Historical Income Statement

GFM Stock   142.00  3.00  2.07%   
Historical analysis of Griffin Mining income statement accounts such as Selling General Administrative of 15.4 M or Total Revenue of 77.9 M can show how well Griffin Mining performed in making a profits. Evaluating Griffin Mining income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Griffin Mining's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Griffin Mining 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 Griffin Mining is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Griffin Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

About Griffin Income Statement Analysis

Griffin Mining 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 Griffin Mining shareholders. The income statement also shows Griffin 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).

Griffin Mining Income Statement Chart

At present, Griffin Mining's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Cost Of Revenue is expected to grow to about 98.9 M, whereas Selling General Administrative is forecasted to decline to about 15.4 M.

Total Revenue

Total revenue comprises all receipts Griffin Mining 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 Griffin Mining minus its cost of goods sold. It is profit before Griffin Mining 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 Griffin Mining. It is also known as Griffin Mining 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.
Most accounts from Griffin Mining's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Griffin Mining 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Griffin Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, Griffin Mining's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Cost Of Revenue is expected to grow to about 98.9 M, whereas Selling General Administrative is forecasted to decline to about 15.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense404K135K177K168.2K
Depreciation And Amortization16.5M19.6M28.0M29.4M

Griffin Mining income statement Correlations

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-0.58-0.52-0.33-0.18-0.49-0.01-0.04-0.22-0.47-0.47-0.07-0.41-0.22-0.10.55-0.38-0.39-0.83-0.4-0.57
0.76-0.520.870.590.790.310.330.630.760.990.330.260.390.46-0.370.380.550.80.430.77
0.63-0.330.870.870.730.690.70.90.710.890.70.320.710.79-0.110.640.720.640.350.62
0.36-0.180.590.870.470.950.960.990.440.620.950.310.950.960.090.860.850.420.140.25
0.97-0.490.790.730.470.250.260.51.00.790.280.390.310.33-0.30.290.40.840.80.81
0.14-0.010.310.690.950.251.00.930.240.350.990.260.970.950.240.870.790.20.00.0
0.15-0.040.330.70.960.261.00.940.250.360.990.250.980.950.20.880.810.210.010.02
0.41-0.220.630.90.990.50.930.940.490.650.930.330.930.960.060.850.850.460.20.34
0.97-0.470.760.710.441.00.240.250.490.770.260.370.30.31-0.290.270.370.810.820.81
0.76-0.470.990.890.620.790.350.360.650.770.380.320.410.51-0.270.370.540.790.440.77
0.18-0.070.330.70.950.280.990.990.930.260.380.40.970.970.30.870.780.260.050.07
0.45-0.410.260.320.310.390.260.250.330.370.320.40.30.430.450.280.20.550.420.48
0.22-0.220.390.710.950.310.970.980.930.30.410.970.30.930.060.960.890.340.070.09
0.24-0.10.460.790.960.330.950.950.960.310.510.970.430.930.290.820.790.320.040.18
-0.320.55-0.37-0.110.09-0.30.240.20.06-0.29-0.270.30.450.060.29-0.14-0.26-0.39-0.18-0.25
0.22-0.380.380.640.860.290.870.880.850.270.370.870.280.960.82-0.140.940.390.090.12
0.33-0.390.550.720.850.40.790.810.850.370.540.780.20.890.79-0.260.940.460.140.26
0.86-0.830.80.640.420.840.20.210.460.810.790.260.550.340.32-0.390.390.460.610.75
0.86-0.40.430.350.140.80.00.010.20.820.440.050.420.070.04-0.180.090.140.610.77
0.87-0.570.770.620.250.810.00.020.340.810.770.070.480.090.18-0.250.120.260.750.77
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Griffin Mining Account Relationship Matchups

Griffin Mining income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization12.3M12.8M16.5M19.6M28.0M29.4M
Interest Expense377K359K404K135K177K168.2K
Selling General Administrative19.4M17.5M21.5M22.6M28.0M15.4M
Total Revenue82.3M79.1M128.9M100.0M146.0M77.9M
Gross Profit33.7M32.7M58.4M38.3M51.8M38.0M
Other Operating Expenses68.0M63.9M91.9M84.4M122.2M128.3M
Operating Income14.2M15.1M36.9M15.6M23.8M22.6M
Ebit14.4M14.9M36.9M15.6M24.7M22.5M
Ebitda26.7M27.7M53.5M35.2M52.7M31.8M
Cost Of Revenue48.6M46.4M70.4M61.8M94.2M98.9M
Total Operating Expenses19.4M17.5M21.5M22.6M28.0M15.7M
Income Before Tax11.7M14.5M36.5M15.3M24.5M21.6M
Total Other Income Expense Net(2.5M)(633K)(399K)(353K)649K681.5K
Net Income Applicable To Common Shares25.5M6.1M8.9M25.4M29.2M30.6M
Net Income6.1M8.9M25.4M7.7M15.2M14.1M
Income Tax Expense5.6M5.6M11.2M7.6M9.3M5.5M
Net Income From Continuing Ops6.1M8.9M25.4M7.7M15.2M14.4M
Tax Provision5.6M5.6M11.2M7.6M9.3M7.1M
Net Interest Income(206K)(251K)(168K)234K1.2M1.3M
Interest Income171K108K236K369K1.4M1.5M
Reconciled Depreciation12.3M12.8M16.5M19.6M28.0M17.2M

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Other Information on Investing in Griffin Stock

Griffin Mining 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 Griffin Mining shareholders. The income statement also shows Griffin 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).