Itaúsa S.A. (BVMF: ITSA3)

Itaúsa Income Statement

Financials in millions BRL. 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	8,119	7,383	8,486	8,170	5,880	5,008
Revenue Growth (YoY)	9.49%	-13.00%	3.87%	38.95%	17.41%	-6.83%
Cost of Revenue	5,672	5,006	5,611	5,296	4,028	3,718
Gross Profit	2,447	2,377	2,875	2,874	1,852	1,290
Selling, General & Admin	1,751	1,624	1,668	1,513	1,196	1,103
Other Operating Expenses	-431	-391	-55	-555	86	-63
Operating Expenses	1,320	1,233	1,613	958	1,282	1,040
Operating Income	1,127	1,144	1,262	1,916	570	250
Interest Expense	-1,324	-1,569	-1,433	-453	-199	-299
Interest & Investment Income	966	970	827	341	252	289
Earnings From Equity Investments	14,425	12,330	11,479	10,397	6,980	10,272
Currency Exchange Gain (Loss)	-92	-140	-71	-42	-53	-3
Other Non Operating Income (Expenses)	-512	-501	-477	-229	-333	-342
EBT Excluding Unusual Items	14,590	12,234	11,587	11,930	7,217	10,167
Impairment of Goodwill	-	-	-	-	-13	-
Gain (Loss) on Sale of Investments	-18	1,526	3,040	1,427	310	231
Gain (Loss) on Sale of Assets	34	34	-11	-18	6	316
Asset Writedown	-79	-63	-4	5	-	-9
Legal Settlements	-344	44	-56	-104	15	25
Pretax Income	14,020	13,775	14,556	13,240	7,535	10,730
Income Tax Expense	-239	-203	402	-51	191	161
Earnings From Continuing Operations	14,259	13,978	14,154	13,291	7,344	10,569
Net Income to Company	14,259	13,978	14,154	13,291	7,344	10,569
Minority Interest in Earnings	-219	-512	-480	-1,091	-288	-257
Net Income	14,040	13,466	13,674	12,200	7,056	10,312
Net Income to Common	14,040	13,466	13,674	12,200	7,056	10,312
Net Income Growth	1.69%	-1.52%	12.08%	72.90%	-31.57%	9.28%
Shares Outstanding (Basic)	10,316	10,216	10,194	10,196	10,200	10,200
Shares Outstanding (Diluted)	10,316	10,216	10,194	10,196	10,200	10,200
Shares Change (YoY)	1.15%	0.22%	-0.02%	-0.04%	0.00%	0.75%
EPS (Basic)	1.36	1.32	1.34	1.20	0.69	1.01
EPS (Diluted)	1.36	1.32	1.34	1.20	0.69	1.01
EPS Growth	0.53%	-1.73%	12.11%	72.97%	-31.58%	8.47%
Free Cash Flow	-538	-965	-1,349	510	850	326
Free Cash Flow Per Share	-0.05	-0.09	-0.13	0.05	0.08	0.03
Dividend Per Share	0.845	0.885	0.435	0.407	0.183	0.717
Dividend Growth	56.04%	103.31%	7.03%	121.81%	-74.43%	-17.25%
Gross Margin	30.14%	32.20%	33.88%	35.18%	31.50%	25.76%
Operating Margin	13.88%	15.50%	14.87%	23.45%	9.69%	4.99%
Profit Margin	172.93%	182.39%	161.14%	149.33%	120.00%	205.91%
Free Cash Flow Margin	-6.63%	-13.07%	-15.90%	6.24%	14.46%	6.51%
EBITDA	2,348	2,232	2,076	2,603	1,169	956
EBITDA Margin	28.92%	30.23%	24.46%	31.86%	19.88%	19.09%
D&A For EBITDA	1,221	1,088	814	687	599	706
EBIT	1,127	1,144	1,262	1,916	570	250
EBIT Margin	13.88%	15.50%	14.87%	23.45%	9.69%	4.99%
Effective Tax Rate	-	-	2.76%	-	2.53%	1.50%
Advertising Expenses	-	160	137	144	91	97

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