adidas AG (BST: ADS1)

adidas AG Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	22,529	21,427	22,511	21,234	18,435	23,640
Revenue Growth (YoY)	3.24%	-4.82%	6.01%	15.18%	-22.02%	7.87%
Cost of Revenue	11,327	11,244	11,867	10,469	9,213	11,347
Gross Profit	11,202	10,183	10,644	10,765	9,222	12,293
Selling, General & Admin	10,348	9,914	10,015	8,810	8,353	9,691
Other Operating Expenses	-79	-30	-116	-46	17	-82
Operating Expenses	10,288	9,903	9,962	8,770	8,481	9,627
Operating Income	914	280	682	1,995	741	2,666
Interest Expense	-135	-160	-137	-111	-156	-160
Interest & Investment Income	49	39	23	12	25	50
Currency Exchange Gain (Loss)	-121	-121	-166	-37	-37	-5
Other Non Operating Income (Expenses)	40	41	-1	1	2	14
EBT Excluding Unusual Items	747	79	401	1,860	575	2,565
Gain (Loss) on Sale of Assets	-13	-13	-13	-8	-25	-6
Other Unusual Items	-	-	-	-	29	-
Pretax Income	734	66	388	1,852	579	2,559
Income Tax Expense	285	124	134	360	117	640
Earnings From Continuing Operations	449	-58	254	1,492	462	1,919
Earnings From Discontinued Operations	43	44	384	666	-19	59
Net Income to Company	492	-14	638	2,158	443	1,978
Minority Interest in Earnings	-68	-61	-26	-42	-11	-2
Net Income	424	-75	612	2,116	432	1,976
Net Income to Common	424	-75	612	2,116	432	1,976
Net Income Growth	-	-	-71.08%	389.81%	-78.14%	16.10%
Shares Outstanding (Basic)	178	179	183	194	195	198
Shares Outstanding (Diluted)	178	179	183	194	195	198
Shares Change (YoY)	-0.26%	-2.57%	-5.62%	-0.50%	-1.24%	-2.19%
EPS (Basic)	2.38	-0.42	3.34	10.90	2.21	10.00
EPS (Diluted)	2.37	-0.42	3.34	10.90	2.21	10.00
EPS Growth	-	-	-69.36%	392.51%	-77.87%	18.67%
Free Cash Flow	2,401	2,267	-983	2,698	1,118	2,221
Free Cash Flow Per Share	13.47	12.70	-5.36	13.89	5.73	11.24
Dividend Per Share	0.700	0.700	0.700	3.300	3.000	-
Dividend Growth	0%	0%	-78.79%	10.00%	-	-
Gross Margin	49.72%	47.52%	47.28%	50.70%	50.02%	52.00%
Operating Margin	4.06%	1.31%	3.03%	9.40%	4.02%	11.28%
Profit Margin	1.88%	-0.35%	2.72%	9.97%	2.34%	8.36%
Free Cash Flow Margin	10.66%	10.58%	-4.37%	12.71%	6.06%	9.40%
EBITDA	1,387	785	1,213	2,512	1,192	3,205
EBITDA Margin	6.16%	3.66%	5.39%	11.83%	6.47%	13.56%
D&A For EBITDA	473	505	531	517	451	539
EBIT	914	280	682	1,995	741	2,666
EBIT Margin	4.06%	1.31%	3.03%	9.40%	4.02%	11.28%
Effective Tax Rate	38.83%	187.88%	34.54%	19.44%	20.21%	25.01%

Source: S&P Capital IQ. Standard template. Financial Sources.