Elanco Historical Income Statement
| ELAN Stock | USD 13.13 0.26 1.94% |
Historical analysis of Elanco Animal income statement accounts such as Selling General Administrative of 1 B or Total Revenue of 3.9 B can show how well Elanco Animal Health performed in making a profits. Evaluating Elanco Animal income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Elanco Animal's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Elanco Animal Health 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 Elanco Animal Health is a good buy for the upcoming year.
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About Elanco Income Statement Analysis
Elanco Animal Health 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 Elanco Animal shareholders. The income statement also shows Elanco 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).
Elanco Animal Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Elanco Animal Health 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 Elanco Animal Health minus its cost of goods sold. It is profit before Elanco Animal 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 Elanco Animal Health. It is also known as Elanco Animal 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.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Elanco Animal's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Elanco Animal Health 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elanco Animal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Elanco Animal's Interest Expense is very stable compared to the past year. As of the 28th of November 2024, Gross Profit is likely to grow to about 2 B, while Tax Provision is likely to drop (13.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6B | 2.5B | 1.9B | 2.0B | Total Revenue | 4.8B | 4.4B | 4.4B | 3.9B |
Elanco Animal income statement Correlations
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Elanco Animal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elanco Animal income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 10.3M | (111.9M) | (95M) | 8M | (13M) | (13.7M) | |
| Depreciation And Amortization | 200.4M | 516.9M | 716M | 682M | 694M | 466.4M | |
| Interest Expense | 78.9M | 149.8M | 236M | 241M | 277M | 290.9M | |
| Selling General Administrative | 760.2M | 996.6M | 1.2B | 1.1B | 1.1B | 1.0B | |
| Total Revenue | 3.1B | 3.3B | 4.8B | 4.4B | 4.4B | 3.9B | |
| Gross Profit | 1.6B | 1.6B | 2.6B | 2.5B | 1.9B | 2.0B | |
| Other Operating Expenses | 2.7B | 3.4B | 4.5B | 4.0B | 4.1B | 3.6B | |
| Operating Income | 342.6M | 101.5M | 297M | 358M | 326M | 265.2M | |
| Net Income From Continuing Ops | 67.9M | (560.1M) | (472M) | (74M) | (1.1B) | (1.1B) | |
| Ebit | 342.6M | (593.7M) | (307M) | 184M | (918M) | (872.1M) | |
| Research Development | 246.6M | 270.1M | 327M | 369M | 321M | 326.2M | |
| Ebitda | 543M | (76.8M) | 409M | 866M | (224M) | (212.8M) | |
| Cost Of Revenue | 1.5B | 1.7B | 2.1B | 1.9B | 2.5B | 1.9B | |
| Total Operating Expenses | 1.2B | 1.7B | 2.3B | 2.1B | 1.6B | 1.7B | |
| Income Before Tax | 78.2M | (672M) | (567M) | (66M) | (1.2B) | (1.1B) | |
| Total Other Income Expense Net | (264.4M) | (590M) | (875M) | (456M) | (1.5B) | (1.4B) | |
| Net Income Applicable To Common Shares | 67.9M | (560.1M) | (472M) | (78M) | (70.2M) | (73.7M) | |
| Net Income | 67.9M | (560.1M) | (472M) | (74M) | (1.2B) | (1.2B) | |
| Income Tax Expense | 10.3M | (111.9M) | (95M) | 8M | 36M | 37.8M | |
| Net Interest Income | (78.9M) | (149.8M) | (236M) | (241M) | (272M) | (258.4M) | |
| Reconciled Depreciation | 314.5M | 516.9M | 556M | 528M | 691M | 506.1M | |
| Non Recurring | 185.5M | 623.7M | 628M | 183M | 210.5M | 384.8M | |
| Non Operating Income Net Other | (27.4M) | 178.3M | (5M) | (32M) | (36.8M) | (35.0M) |
Pair Trading with Elanco Animal
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 Elanco Animal 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 Elanco Animal will appreciate offsetting losses from the drop in the long position's value.Moving together with Elanco Stock
Moving against Elanco Stock
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The ability to find closely correlated positions to Elanco Animal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elanco Animal 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 Elanco Animal - 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 Elanco Animal Health to buy it.
The correlation of Elanco Animal 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 Elanco Animal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elanco Animal Health 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 Elanco Animal 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elanco Animal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elanco Animal. If investors know Elanco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elanco Animal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share 0.41 | Revenue Per Share 9.023 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0118 |
The market value of Elanco Animal Health is measured differently than its book value, which is the value of Elanco that is recorded on the company's balance sheet. Investors also form their own opinion of Elanco Animal's value that differs from its market value or its book value, called intrinsic value, which is Elanco Animal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elanco Animal's market value can be influenced by many factors that don't directly affect Elanco Animal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elanco Animal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elanco Animal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elanco Animal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.