Headwater Historical Income Statement

HWX Stock

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Historical analysis of Headwater Exploration income statement accounts such as Other Operating Expenses of 259.5 M or Operating Income of 187.3 M can show how well Headwater Exploration performed in making a profits. Evaluating Headwater Exploration income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Headwater Exploration's future profits or losses.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

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Covid

Financial Statement Analysis is much more than just reviewing and examining Headwater Exploration 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 Headwater Exploration is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Headwater Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Headwater Income Statement Analysis

Headwater Exploration 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 Headwater Exploration shareholders. The income statement also shows Headwater 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).

Headwater Exploration Income Statement Chart

At this time, Headwater Exploration's Income Tax Expense is very stable compared to the past year. As of the 27th of November 2024, Depreciation And Amortization is likely to grow to about 127.4 M, while Selling General Administrative is likely to drop about 7.9 M.

Selling General Administrative Other Operating Expenses Total Operating Expenses Total Revenue

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Headwater Exploration. It is also known as Headwater Exploration 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Total Revenue

Total revenue comprises all receipts Headwater Exploration 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.

Most accounts from Headwater Exploration's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Headwater Exploration 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 Headwater Exploration. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Gross Profit	108.1M	266.0M	193.3M	203.0M
Total Revenue	190.9M	458.4M	425.5M	446.8M

Gross Profit Total Revenue

Headwater Exploration income statement Correlations

	Interest Expense	Selling General Administrative	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Income Before Tax	Total Other Income Expense Net	Total Revenue	Gross Profit	Cost Of Revenue	Tax Provision	Interest Income	Net Interest Income	Net Income From Continuing Ops	Reconciled Depreciation
Interest Expense		0.49	0.8	0.82	0.82	0.8	0.5	0.7	0.75	0.76	0.72	0.17	0.81	0.81	0.79	0.87	0.71	0.69	0.76	0.73
Selling General Administrative	0.49		0.63	0.66	0.66	0.59	0.96	0.55	0.5	0.46	0.55	0.04	0.64	0.74	0.53	0.5	0.21	0.33	0.58	0.46
Other Operating Expenses	0.8	0.63		0.99	0.99	1.0	0.62	0.92	0.87	0.97	0.92	0.34	1.0	0.98	0.99	0.91	0.87	0.91	0.97	0.97
Operating Income	0.82	0.66	0.99		1.0	0.99	0.62	0.95	0.91	0.95	0.95	0.4	1.0	0.99	0.98	0.92	0.86	0.9	0.97	0.96
Ebit	0.82	0.66	0.99	1.0		0.99	0.62	0.95	0.91	0.95	0.95	0.4	1.0	0.99	0.98	0.92	0.86	0.9	0.97	0.96
Ebitda	0.8	0.59	1.0	0.99	0.99		0.57	0.94	0.9	0.98	0.94	0.39	1.0	0.98	1.0	0.92	0.9	0.93	0.97	0.98
Total Operating Expenses	0.5	0.96	0.62	0.62	0.62	0.57		0.47	0.4	0.45	0.46	-0.14	0.62	0.71	0.51	0.48	0.19	0.31	0.55	0.44
Net Income	0.7	0.55	0.92	0.95	0.95	0.94	0.47		0.93	0.89	1.0	0.66	0.93	0.92	0.93	0.81	0.85	0.91	0.96	0.92
Income Tax Expense	0.75	0.5	0.87	0.91	0.91	0.9	0.4	0.93		0.84	0.96	0.64	0.89	0.87	0.89	0.86	0.82	0.85	0.88	0.87
Depreciation And Amortization	0.76	0.46	0.97	0.95	0.95	0.98	0.45	0.89	0.84		0.89	0.35	0.97	0.92	0.99	0.9	0.94	0.95	0.94	1.0
Income Before Tax	0.72	0.55	0.92	0.95	0.95	0.94	0.46	1.0	0.96	0.89		0.67	0.94	0.92	0.93	0.83	0.85	0.9	0.95	0.92
Total Other Income Expense Net	0.17	0.04	0.34	0.4	0.4	0.39	-0.14	0.66	0.64	0.35	0.67		0.37	0.33	0.4	0.25	0.46	0.49	0.47	0.42
Total Revenue	0.81	0.64	1.0	1.0	1.0	1.0	0.62	0.93	0.89	0.97	0.94	0.37		0.99	0.99	0.92	0.87	0.91	0.97	0.97
Gross Profit	0.81	0.74	0.98	0.99	0.99	0.98	0.71	0.92	0.87	0.92	0.92	0.33	0.99		0.96	0.9	0.8	0.86	0.96	0.93
Cost Of Revenue	0.79	0.53	0.99	0.98	0.98	1.0	0.51	0.93	0.89	0.99	0.93	0.4	0.99	0.96		0.92	0.92	0.95	0.97	0.99
Tax Provision	0.87	0.5	0.91	0.92	0.92	0.92	0.48	0.81	0.86	0.9	0.83	0.25	0.92	0.9	0.92		0.84	0.82	0.84	0.89
Interest Income	0.71	0.21	0.87	0.86	0.86	0.9	0.19	0.85	0.82	0.94	0.85	0.46	0.87	0.8	0.92	0.84		0.98	0.88	0.94
Net Interest Income	0.69	0.33	0.91	0.9	0.9	0.93	0.31	0.91	0.85	0.95	0.9	0.49	0.91	0.86	0.95	0.82	0.98		0.94	0.96
Net Income From Continuing Ops	0.76	0.58	0.97	0.97	0.97	0.97	0.55	0.96	0.88	0.94	0.95	0.47	0.97	0.96	0.97	0.84	0.88	0.94		0.96
Reconciled Depreciation	0.73	0.46	0.97	0.96	0.96	0.98	0.44	0.92	0.87	1.0	0.92	0.42	0.97	0.93	0.99	0.89	0.94	0.96	0.96

Click cells to compare fundamentals

Headwater Exploration Account Relationship Matchups

High Positive Relationship

Ebitda	+ 1.0	Other Operating Expenses
Total Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Total Revenue	+ 1.0	Operating Income
Total Revenue	+ 1.0	Ebit
Total Revenue	+ 1.0	Ebitda

High Negative Relationship

Total Other Income Expense Net

- 0.14

Total Operating Expenses

Headwater Exploration income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	15K	11K	35K	889K	539K	779.1K
Selling General Administrative	3.3M	5.4M	38.5M	59.0M	14.9M	7.9M
Other Operating Expenses	11.2M	18.8M	121.7M	251.3M	247.1M	259.5M
Operating Income	(681K)	(8.2M)	69.9M	210.9M	178.4M	187.3M
Ebit	(900K)	(8.4M)	69.6M	210.2M	178.4M	187.3M
Ebitda	4.1M	(2.3M)	114.3M	290.3M	299.8M	314.8M
Total Operating Expenses	3.6M	9.4M	38.8M	59.0M	14.9M	11.0M
Net Income	2.8M	6.7M	45.8M	162.1M	156.1M	163.9M
Income Tax Expense	753K	(7.3M)	5.1M	49.6M	46.9M	49.2M
Depreciation And Amortization	5.0M	6.0M	44.7M	80.1M	121.4M	127.4M
Income Before Tax	3.6M	(570K)	50.9M	211.7M	203.0M	213.1M
Total Other Income Expense Net	4.2M	7.6M	(19.0M)	794K	24.6M	25.8M
Total Revenue	9.3M	9.5M	190.9M	458.4M	425.5M	446.8M
Gross Profit	1.7M	49K	108.1M	266.0M	193.3M	203.0M
Cost Of Revenue	7.6M	9.5M	82.8M	192.4M	232.2M	243.8M
Tax Provision	753K	(7.3M)	5.1M	49.6M	46.9M	49.2M
Interest Income	1.0M	1.3M	196K	3.2M	6.5M	6.8M
Net Income Applicable To Common Shares	2.8M	6.7M	45.8M	162.1M	186.4M	195.7M
Net Interest Income	1.1M	1.1M	628K	3.0M	4.8M	5.0M
Net Income From Continuing Ops	2.8M	6.7M	45.8M	162.1M	156.1M	163.9M
Reconciled Depreciation	4.8M	5.9M	44.4M	79.4M	120.2M	126.2M

Pair Trading with Headwater Exploration

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Headwater Exploration position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Headwater Exploration will appreciate offsetting losses from the drop in the long position's value.

Moving against Headwater Stock

0.69	ARA	Aclara Resources	Pair Corr
0.58	RCI-A	Rogers Communications	Pair Corr
0.33	SAGE	Sage Potash Corp	Pair Corr

The ability to find closely correlated positions to Headwater Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Headwater Exploration when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Headwater Exploration - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Headwater Exploration to buy it.

The correlation of Headwater Exploration is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Headwater Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Headwater Exploration moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Headwater Exploration can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Headwater Stock

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Headwater Historical Income Statement

About Headwater Income Statement Analysis

Headwater Exploration Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Total Revenue

Headwater Exploration income statement Correlations

Headwater Exploration Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Headwater Exploration income statement Accounts

Pair Trading with Headwater Exploration

Moving against Headwater Stock

Other Information on Investing in Headwater Stock

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