Ballard Historical Income Statement

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Historical analysis of Ballard Power income statement accounts such as Interest Expense of 1.3 M, Selling General Administrative of 17.8 M or Total Revenue of 69 M can show how well Ballard Power Systems performed in making a profits. Evaluating Ballard Power income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ballard Power'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 Ballard Power Systems 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 Ballard Power Systems is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. 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 Ballard Income Statement Analysis

Ballard Power Systems 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 Ballard Power shareholders. The income statement also shows Ballard 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).

Ballard Power Income Statement Chart

At this time, Ballard Power's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Interest Income is likely to grow to about 17.8 M, while Depreciation And Amortization is likely to drop about 9.9 M.

Selling General Administrative Total Revenue Other Operating Expenses Ebit Research Development

Total Revenue

Total revenue comprises all receipts Ballard Power Systems 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ballard Power Systems. It is also known as Ballard Power 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 Ballard Power's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ballard Power Systems 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. 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)
Interest Expense	1.3M	1.3M	1.2M	1.3M
Depreciation And Amortization	9.8M	13.8M	13.5M	9.9M

Interest Expense Depreciation And Amortization

Ballard Power income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Discontinued Operations	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.57	0.93	0.48	-0.59	0.8	-0.91	-0.93	0.91	-0.92	0.84	0.96	-0.94	-0.03	-0.93	-0.4	0.87	0.37	-0.91	-0.59	0.81	-0.69	0.93	0.86
Interest Expense	0.57		0.44	0.19	-0.24	0.36	-0.36	-0.41	0.35	-0.4	0.35	0.37	-0.43	-0.23	-0.4	0.0	0.29	0.41	-0.32	-0.26	0.36	-0.47	0.34	0.32
Selling General Administrative	0.93	0.44		0.59	-0.38	0.73	-0.81	-0.87	0.84	-0.86	0.78	0.96	-0.88	-0.23	-0.84	-0.41	0.85	0.21	-0.85	-0.6	0.81	-0.67	0.86	0.84
Total Revenue	0.48	0.19	0.59		0.35	0.55	-0.21	-0.27	0.35	-0.26	0.67	0.49	-0.26	-0.23	-0.26	0.25	0.4	-0.41	-0.25	0.06	0.4	-0.46	0.35	0.3
Gross Profit	-0.59	-0.24	-0.38	0.35		-0.5	0.82	0.75	-0.71	0.76	-0.41	-0.56	0.74	-0.43	0.78	0.53	-0.6	-0.68	0.75	0.51	-0.53	0.29	-0.7	-0.67
Other Operating Expenses	0.8	0.36	0.73	0.55	-0.5		-0.83	-0.81	0.89	-0.8	0.96	0.75	-0.78	0.27	-0.84	0.02	0.75	0.2	-0.77	-0.11	0.82	-0.6	0.76	0.82
Operating Income	-0.91	-0.36	-0.81	-0.21	0.82	-0.83		0.98	-0.98	0.98	-0.8	-0.9	0.97	-0.21	0.99	0.49	-0.86	-0.49	0.97	0.58	-0.82	0.57	-0.93	-0.93
Ebit	-0.93	-0.41	-0.87	-0.27	0.75	-0.81	0.98		-0.97	1.0	-0.8	-0.92	1.0	-0.02	0.99	0.53	-0.89	-0.52	0.99	0.62	-0.89	0.67	-0.95	-0.96
Research Development	0.91	0.35	0.84	0.35	-0.71	0.89	-0.98	-0.97		-0.97	0.88	0.9	-0.96	0.18	-0.98	-0.4	0.85	0.38	-0.96	-0.5	0.85	-0.61	0.92	0.93
Ebitda	-0.92	-0.4	-0.86	-0.26	0.76	-0.8	0.98	1.0	-0.97		-0.79	-0.92	1.0	-0.02	0.99	0.53	-0.89	-0.53	0.99	0.62	-0.89	0.67	-0.95	-0.96
Cost Of Revenue	0.84	0.35	0.78	0.67	-0.41	0.96	-0.8	-0.8	0.88	-0.79		0.79	-0.78	0.18	-0.82	-0.06	0.73	0.08	-0.77	-0.22	0.79	-0.64	0.78	0.79
Total Operating Expenses	0.96	0.37	0.96	0.49	-0.56	0.75	-0.9	-0.92	0.9	-0.92	0.79		-0.93	-0.06	-0.91	-0.48	0.94	0.32	-0.91	-0.62	0.81	-0.63	0.95	0.88
Income Before Tax	-0.94	-0.43	-0.88	-0.26	0.74	-0.78	0.97	1.0	-0.96	1.0	-0.78	-0.93		0.02	0.99	0.56	-0.87	-0.51	0.99	0.67	-0.87	0.67	-0.95	-0.94
Total Other Income Expense Net	-0.03	-0.23	-0.23	-0.23	-0.43	0.27	-0.21	-0.02	0.18	-0.02	0.18	-0.06	0.02		-0.11	0.25	0.0	-0.05	-0.02	0.31	-0.11	0.32	0.03	0.01
Net Income	-0.93	-0.4	-0.84	-0.26	0.78	-0.84	0.99	0.99	-0.98	0.99	-0.82	-0.91	0.99	-0.11		0.47	-0.87	-0.5	0.98	0.57	-0.87	0.63	-0.94	-0.94
Income Tax Expense	-0.4	0.0	-0.41	0.25	0.53	0.02	0.49	0.53	-0.4	0.53	-0.06	-0.48	0.56	0.25	0.47		-0.4	-0.37	0.59	0.93	-0.35	0.36	-0.56	-0.46
Selling And Marketing Expenses	0.87	0.29	0.85	0.4	-0.6	0.75	-0.86	-0.89	0.85	-0.89	0.73	0.94	-0.87	0.0	-0.87	-0.4		0.44	-0.88	-0.48	0.83	-0.61	0.91	0.88
Discontinued Operations	0.37	0.41	0.21	-0.41	-0.68	0.2	-0.49	-0.52	0.38	-0.53	0.08	0.32	-0.51	-0.05	-0.5	-0.37	0.44		-0.49	-0.36	0.35	-0.18	0.39	0.47
Net Income From Continuing Ops	-0.91	-0.32	-0.85	-0.25	0.75	-0.77	0.97	0.99	-0.96	0.99	-0.77	-0.91	0.99	-0.02	0.98	0.59	-0.88	-0.49		0.66	-0.89	0.68	-0.96	-0.96
Tax Provision	-0.59	-0.26	-0.6	0.06	0.51	-0.11	0.58	0.62	-0.5	0.62	-0.22	-0.62	0.67	0.31	0.57	0.93	-0.48	-0.36	0.66		-0.41	0.41	-0.63	-0.51
Interest Income	0.81	0.36	0.81	0.4	-0.53	0.82	-0.82	-0.89	0.85	-0.89	0.79	0.81	-0.87	-0.11	-0.87	-0.35	0.83	0.35	-0.89	-0.41		-0.87	0.87	0.94
Net Interest Income	-0.69	-0.47	-0.67	-0.46	0.29	-0.6	0.57	0.67	-0.61	0.67	-0.64	-0.63	0.67	0.32	0.63	0.36	-0.61	-0.18	0.68	0.41	-0.87		-0.73	-0.74
Reconciled Depreciation	0.93	0.34	0.86	0.35	-0.7	0.76	-0.93	-0.95	0.92	-0.95	0.78	0.95	-0.95	0.03	-0.94	-0.56	0.91	0.39	-0.96	-0.63	0.87	-0.73		0.92
Extraordinary Items	0.86	0.32	0.84	0.3	-0.67	0.82	-0.93	-0.96	0.93	-0.96	0.79	0.88	-0.94	0.01	-0.94	-0.46	0.88	0.47	-0.96	-0.51	0.94	-0.74	0.92

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Ballard Power Account Relationship Matchups

Ballard Power income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	7.5M	7.6M	9.8M	13.8M	13.5M	9.9M
Interest Expense	1.4M	1.3M	1.3M	1.3M	1.2M	1.3M
Selling General Administrative	13.5M	16.5M	25.0M	28.9M	23.9M	17.8M
Total Revenue	106.3M	103.9M	104.5M	83.8M	102.4M	69.0M
Gross Profit	22.6M	21.0M	14.0M	(13.1M)	(21.8M)	(20.7M)
Other Operating Expenses	132.1M	145.0M	192.5M	145.8M	265.3M	278.5M
Operating Income	(25.8M)	(41.2M)	(88.0M)	(158.9M)	(162.9M)	(154.8M)
Ebit	(33.8M)	(47.8M)	(113.1M)	(158.9M)	(142.8M)	(135.7M)
Research Development	26.9M	35.5M	62.2M	96.0M	98.3M	103.2M
Ebitda	(26.3M)	(40.2M)	(103.3M)	(145.1M)	(129.3M)	(122.8M)
Cost Of Revenue	83.7M	82.9M	90.5M	96.9M	124.2M	130.4M
Total Operating Expenses	48.4M	62.1M	102.0M	145.8M	141.1M	77.5M
Income Before Tax	(39.0M)	(49.3M)	(114.6M)	(177.0M)	(144.1M)	(136.8M)
Total Other Income Expense Net	(9.8M)	(9.6M)	(26.5M)	(15.0M)	18.9M	19.8M
Net Income	(39.1M)	(49.5M)	(114.4M)	(173.5M)	(177.7M)	(168.8M)
Income Tax Expense	20K	130K	(216K)	(3.5M)	158K	130.7K
Selling And Marketing Expenses	7.9M	8.6M	12.9M	12.9M	15.1M	10.0M
Net Income From Continuing Ops	(39.1M)	(49.5M)	(114.4M)	(173.5M)	(144.2M)	(137.0M)
Net Income Applicable To Common Shares	(39.1M)	(51.4M)	(114.2M)	(173.5M)	(156.1M)	(148.3M)
Tax Provision	20K	130K	(216K)	(3.5M)	158K	165.9K
Interest Income	9.2M	7.7M	24.0M	14.7M	16.9M	17.8M
Net Interest Income	(1.4M)	(1.3M)	(1.6M)	(1.3M)	(1.1M)	(1.2M)
Reconciled Depreciation	7.5M	7.6M	9.8M	13.4M	13.5M	9.7M

Pair Trading with Ballard Power

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

Moving against Ballard Stock

0.78	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.77	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.77	BNS	Bank of Nova Scotia Earnings Call This Week	Pair Corr
0.74	TD-PFI	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.71	TD-PFD	Toronto Dominion Bank Earnings Call This Week	Pair Corr

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

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

When determining whether Ballard Power Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ballard Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ballard Power Systems Stock. Highlighted below are key reports to facilitate an investment decision about Ballard Power Systems Stock:

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Please note, there is a significant difference between Ballard Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballard Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballard Power'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.

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Ballard Historical Income Statement

About Ballard Income Statement Analysis

Ballard Power Income Statement Chart

Total Revenue

Other Operating Expenses

Ballard Power income statement Correlations

Ballard Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ballard Power income statement Accounts

Pair Trading with Ballard Power

Moving against Ballard Stock

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Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebitda
Net Income	+ 0.99	Operating Income
Net Income	+ 0.99	Ebit
Net Income From Continuing Ops	+ 0.99	Ebit

Net Income	- 0.98	Research Development
Research Development	- 0.98	Operating Income
Ebitda	- 0.97	Research Development
Research Development	- 0.97	Ebit
Extraordinary Items	- 0.96	Net Income From Continuing Ops
Reconciled Depreciation	- 0.96	Net Income From Continuing Ops