United Historical Income Statement

X Stock  USD 40.77  0.32  0.79%   
Historical analysis of United States income statement accounts such as Depreciation And Amortization of 532.8 M or Interest Expense of 136.9 M can show how well United States Steel performed in making a profits. Evaluating United States income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of United States's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining United States Steel 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 United States Steel is a good buy for the upcoming year.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in United States Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

About United Income Statement Analysis

United States Steel 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 United States shareholders. The income statement also shows United 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).

United States Income Statement Chart

At this time, United States' Interest Expense is fairly stable compared to the past year. Operating Income is likely to rise to about 2 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 532.8 M in 2024.

Total Revenue

Total revenue comprises all receipts United States Steel 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 United States Steel minus its cost of goods sold. It is profit before United States 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 United States Steel. It is also known as United States 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 United States Steel income statement and represents the costs associated with goods and services United States 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.

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 United States' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into United States Steel 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 United States Steel. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
At this time, United States' Interest Expense is fairly stable compared to the past year. Operating Income is likely to rise to about 2 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 532.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit5.7B4.3B2.3B1.5B
Total Revenue20.3B21.1B18.1B13.1B

United States income statement Correlations

0.30.810.580.760.390.490.570.780.590.34-0.510.320.340.49-0.180.730.50.260.380.360.130.67
0.30.370.270.39-0.080.30.310.35-0.05-0.03-0.250.0-0.220.46-0.070.60.20.42-0.130.37-0.59-0.19
0.810.370.720.960.450.660.710.960.50.45-0.40.430.370.65-0.50.570.590.250.480.360.020.36
0.580.270.720.490.860.940.950.490.240.89-0.340.890.470.08-0.360.210.920.020.450.62-0.180.58
0.760.390.960.490.20.450.51.00.50.2-0.360.170.260.79-0.470.630.360.310.410.220.070.18
0.39-0.080.450.860.20.70.70.210.310.99-0.060.980.52-0.19-0.28-0.010.95-0.370.350.450.060.72
0.490.30.660.940.450.71.00.450.170.74-0.560.730.420.06-0.430.140.770.30.510.59-0.20.46
0.570.310.710.950.50.71.00.50.220.74-0.580.730.430.1-0.420.20.780.310.520.6-0.170.5
0.780.350.960.491.00.210.450.50.520.21-0.360.180.270.78-0.480.630.360.30.420.20.10.21
0.59-0.050.50.240.50.310.170.220.520.19-0.420.180.120.51-0.30.290.310.150.160.140.470.63
0.34-0.030.450.890.20.990.740.740.210.19-0.020.990.53-0.21-0.28-0.030.95-0.370.370.48-0.030.63
-0.51-0.25-0.4-0.34-0.36-0.06-0.56-0.58-0.36-0.42-0.020.01-0.17-0.220.2-0.21-0.11-0.84-0.41-0.35-0.07-0.4
0.320.00.430.890.170.980.730.730.180.180.990.010.42-0.19-0.26-0.030.96-0.370.260.49-0.080.61
0.34-0.220.370.470.260.520.420.430.270.120.53-0.170.42-0.23-0.25-0.030.38-0.20.920.160.340.46
0.490.460.650.080.79-0.190.060.10.780.51-0.21-0.22-0.19-0.23-0.380.54-0.010.36-0.040.19-0.17-0.13
-0.18-0.07-0.5-0.36-0.47-0.28-0.43-0.42-0.48-0.3-0.280.2-0.26-0.25-0.38-0.23-0.33-0.09-0.310.13-0.090.0
0.730.60.570.210.63-0.010.140.20.630.29-0.03-0.21-0.03-0.030.54-0.230.230.21-0.05-0.05-0.010.18
0.50.20.590.920.360.950.770.780.360.310.95-0.110.960.38-0.01-0.330.23-0.240.240.47-0.060.64
0.260.420.250.020.31-0.370.30.310.30.15-0.37-0.84-0.37-0.20.36-0.090.21-0.240.130.17-0.13-0.08
0.38-0.130.480.450.410.350.510.520.420.160.37-0.410.260.92-0.04-0.31-0.050.240.130.20.30.34
0.360.370.360.620.220.450.590.60.20.140.48-0.350.490.160.190.13-0.050.470.170.2-0.590.35
0.13-0.590.02-0.180.070.06-0.2-0.170.10.47-0.03-0.07-0.080.34-0.17-0.09-0.01-0.06-0.130.3-0.590.38
0.67-0.190.360.580.180.720.460.50.210.630.63-0.40.610.46-0.130.00.180.64-0.080.340.350.38
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United States Account Relationship Matchups

United States income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization521M616M643M791M916M532.8M
Interest Expense142M232M313M159M72M137.0M
Total Revenue12.9B9.7B20.3B21.1B18.1B13.1B
Gross Profit855M183M5.7B4.3B2.3B1.5B
Other Operating Expenses13.0B10.5B15.7B18.0B16.2B12.5B
Operating Income239M(823M)4.4B3.3B1.9B2.0B
Ebit239M(1.0B)4.7B3.4B1.1B747.6M
Ebitda855M(384M)5.4B4.2B2.0B1.3B
Cost Of Revenue12.1B9.6B14.5B16.8B15.8B11.6B
Total Operating Expenses890M917M1.2B1.2B2.3B2.4B
Income Before Tax(452M)(1.3B)4.3B3.3B1.0B1.1B
Total Other Income Expense Net(691M)(240M)(1.0B)(853M)(856M)(813.2M)
Net Income(642M)(1.2B)4.2B2.5B895M939.8M
Income Tax Expense190M(142M)170M735M152M79.2M
Selling General Administrative289M274M426M179M501M388.3M
Net Income Applicable To Common Shares(630M)(1.2B)4.2B2.5B2.9B3.0B
Net Income From Continuing Ops(630M)(1.2B)4.2B2.5B895M939.8M
Non Recurring274M252M394M199M179.1M229.8M
Tax Provision178M(142M)170M735M152M111.3M
Net Interest Income(148M)(232M)(602M)99M46M48.3M
Reconciled Depreciation521M616M643M791M916M751.0M

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Additional Tools for United Stock Analysis

When running United States' price analysis, check to measure United States' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United States is operating at the current time. Most of United States' value examination focuses on studying past and present price action to predict the probability of United States' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United States' price. Additionally, you may evaluate how the addition of United States to your portfolios can decrease your overall portfolio volatility.