OceanaGold Historical Income Statement

OGC Stock

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Historical analysis of OceanaGold income statement accounts such as Other Operating Expenses of 438 M can show how well OceanaGold performed in making a profits. Evaluating OceanaGold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of OceanaGold'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 OceanaGold 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 OceanaGold is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OceanaGold. 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 OceanaGold Income Statement Analysis

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

OceanaGold Income Statement Chart

At this time, OceanaGold's Tax Provision is very stable compared to the past year.

Gross Profit Other Operating Expenses Operating Income Ebit

Gross Profit

Gross profit is a required income statement account that reflects total revenue of OceanaGold minus its cost of goods sold. It is profit before OceanaGold 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 OceanaGold. It is also known as OceanaGold 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.

Operating Income

Operating Income is the amount of profit realized from OceanaGold operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of OceanaGold is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from OceanaGold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into OceanaGold 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 OceanaGold. 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.

At this time, OceanaGold's Tax Provision is very stable compared to the past year.

	2021	2022	2023	2024 (projected)
Gross Profit	232.7M	259.8M	298.7M	153.1M
Total Revenue	744.7M	984.7M	1.0B	525.8M

Gross Profit Total Revenue

OceanaGold income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Depreciation And Amortization	Selling General Administrative	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.29	0.19	0.26	0.26	-0.04	0.21	-0.17	-0.08	-0.21	-0.05	-0.13	0.25	0.25	-0.11	-0.06	0.05	0.07	-0.22	0.25
Total Revenue	0.29		0.79	0.97	0.67	0.45	0.84	0.27	0.4	0.01	0.4	0.2	0.97	0.91	0.62	0.59	0.42	-0.22	-0.43	0.37
Gross Profit	0.19	0.79		0.63	0.87	0.59	0.73	0.32	0.63	0.0	0.65	0.19	0.63	0.6	0.27	0.72	0.3	-0.16	-0.42	0.51
Other Operating Expenses	0.26	0.97	0.63		0.49	0.32	0.77	0.36	0.25	0.0	0.21	0.23	0.99	0.95	0.73	0.43	0.43	-0.27	-0.42	0.29
Operating Income	0.26	0.67	0.87	0.49		0.67	0.66	-0.01	0.71	-0.01	0.75	0.18	0.52	0.49	0.1	0.79	0.39	-0.14	-0.54	0.58
Ebit	-0.04	0.45	0.59	0.32	0.67		0.8	-0.01	0.97	0.71	0.92	0.63	0.34	0.3	-0.05	0.87	0.57	0.07	-0.43	0.42
Ebitda	0.21	0.84	0.73	0.77	0.66	0.8		0.12	0.72	0.48	0.7	0.42	0.77	0.76	0.4	0.8	0.48	-0.06	-0.42	0.3
Total Operating Expenses	-0.17	0.27	0.32	0.36	-0.01	-0.01	0.12		-0.05	-0.07	-0.16	0.38	0.25	0.35	0.47	-0.17	0.2	-0.43	-0.38	0.22
Income Before Tax	-0.08	0.4	0.63	0.25	0.71	0.97	0.72	-0.05		0.67	0.97	0.56	0.28	0.19	-0.17	0.89	0.5	0.11	-0.36	0.44
Total Other Income Expense Net	-0.21	0.01	0.0	0.0	-0.01	0.71	0.48	-0.07	0.67		0.58	0.62	0.0	-0.09	-0.21	0.46	0.34	0.26	0.02	-0.01
Net Income	-0.05	0.4	0.65	0.21	0.75	0.92	0.7	-0.16	0.97	0.58		0.35	0.25	0.17	-0.19	0.94	0.33	0.21	-0.29	0.37
Income Tax Expense	-0.13	0.2	0.19	0.23	0.18	0.63	0.42	0.38	0.56	0.62	0.35		0.21	0.16	0.01	0.23	0.83	-0.26	-0.42	0.47
Cost Of Revenue	0.25	0.97	0.63	0.99	0.52	0.34	0.77	0.25	0.28	0.0	0.25	0.21		0.94	0.7	0.48	0.45	-0.23	-0.41	0.29
Depreciation And Amortization	0.25	0.91	0.6	0.95	0.49	0.3	0.76	0.35	0.19	-0.09	0.17	0.16	0.94		0.81	0.4	0.37	-0.35	-0.54	0.23
Selling General Administrative	-0.11	0.62	0.27	0.73	0.1	-0.05	0.4	0.47	-0.17	-0.21	-0.19	0.01	0.7	0.81		0.07	0.13	-0.57	-0.35	-0.08
Net Income From Continuing Ops	-0.06	0.59	0.72	0.43	0.79	0.87	0.8	-0.17	0.89	0.46	0.94	0.23	0.48	0.4	0.07		0.34	0.12	-0.31	0.31
Tax Provision	0.05	0.42	0.3	0.43	0.39	0.57	0.48	0.2	0.5	0.34	0.33	0.83	0.45	0.37	0.13	0.34		-0.31	-0.51	0.57
Interest Income	0.07	-0.22	-0.16	-0.27	-0.14	0.07	-0.06	-0.43	0.11	0.26	0.21	-0.26	-0.23	-0.35	-0.57	0.12	-0.31		0.43	-0.36
Net Interest Income	-0.22	-0.43	-0.42	-0.42	-0.54	-0.43	-0.42	-0.38	-0.36	0.02	-0.29	-0.42	-0.41	-0.54	-0.35	-0.31	-0.51	0.43		-0.59
Reconciled Depreciation	0.25	0.37	0.51	0.29	0.58	0.42	0.3	0.22	0.44	-0.01	0.37	0.47	0.29	0.23	-0.08	0.31	0.57	-0.36	-0.59

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OceanaGold Account Relationship Matchups

OceanaGold income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	14.1M	11.4M	11.7M	11.1M	22.6M	14.8M
Total Revenue	651.2M	500.1M	744.7M	984.7M	1.0B	525.8M
Gross Profit	122M	45.1M	232.7M	259.8M	298.7M	153.1M
Other Operating Expenses	606.2M	542.6M	597.9M	791.8M	838.5M	438.0M
Operating Income	45M	(37.3M)	146.8M	192.9M	187.8M	197.2M
Ebit	46.6M	(37.3M)	(21.4M)	177.7M	141M	148.1M
Ebitda	215.2M	144.1M	166.4M	378.9M	369.8M	186.2M
Total Operating Expenses	77M	87.6M	85.9M	66.9M	110.9M	65.3M
Income Before Tax	11.3M	(134.8M)	(33.1M)	166.6M	118.4M	124.3M
Total Other Income Expense Net	(33.7M)	(92.3M)	(179.9M)	(26.3M)	(69.4M)	(72.9M)
Net Income	14.5M	(150.4M)	(3.7M)	132.6M	83.1M	87.3M
Income Tax Expense	(3.2M)	15.6M	(29.4M)	34M	35.3M	37.1M
Cost Of Revenue	529.2M	455M	512M	724.9M	727.6M	392.3M
Depreciation And Amortization	168.6M	181.4M	187.8M	201.2M	228.8M	145.5M
Selling General Administrative	65.1M	84.2M	79.9M	51.7M	64.3M	43.4M
Net Income From Continuing Ops	14.5M	(150.4M)	(3.7M)	132.6M	83.1M	45.3M
Net Income Applicable To Common Shares	14.5M	(150.4M)	(3.7M)	132.6M	119.3M	125.3M
Tax Provision	(3.2M)	15.6M	(29.4M)	34M	35.3M	37.1M
Interest Income	25.3M	300K	100K	24.1M	1.6M	1.5M
Net Interest Income	(13.2M)	(11.1M)	(11.6M)	(9.9M)	(21M)	(22.1M)
Reconciled Depreciation	168.6M	181.4M	187.8M	201.2M	228.8M	212.1M

Pair Trading with OceanaGold

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 OceanaGold 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 OceanaGold will appreciate offsetting losses from the drop in the long position's value.

Moving against OceanaGold Stock

0.74	INFM	Infinico Metals Corp	Pair Corr
0.46	ORE	Orezone Gold Corp	Pair Corr

The ability to find closely correlated positions to OceanaGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OceanaGold 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 OceanaGold - 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 OceanaGold to buy it.

The correlation of OceanaGold 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 OceanaGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OceanaGold 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 OceanaGold 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 OceanaGold Stock

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OceanaGold Historical Income Statement

About OceanaGold Income Statement Analysis

OceanaGold Income Statement Chart

Gross Profit

Other Operating Expenses

Operating Income

OceanaGold income statement Correlations

OceanaGold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

OceanaGold income statement Accounts

Pair Trading with OceanaGold

Moving against OceanaGold Stock

Other Information on Investing in OceanaGold Stock

COMMON DESTINATIONS

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Cost Of Revenue	+ 0.99	Other Operating Expenses
Other Operating Expenses	+ 0.97	Total Revenue
Cost Of Revenue	+ 0.97	Total Revenue
Income Before Tax	+ 0.97	Ebit
Net Income	+ 0.97	Income Before Tax
Depreciation And Amortization	+ 0.95	Other Operating Expenses

Reconciled Depreciation	- 0.59	Net Interest Income
Interest Income	- 0.57	Selling General Administrative
Net Interest Income	- 0.54	Depreciation And Amortization
Net Interest Income	- 0.54	Operating Income
Net Interest Income	- 0.51	Tax Provision
Interest Income	- 0.43	Total Operating Expenses