Heartland Financial USA Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2020
Operating Revenue	239,810	242,831	232,026	195,978	159,435	142,787	Upgrade
Other Revenue	-0	-0	-	-	-0	-	Upgrade
Revenue	239,810	242,831	232,026	195,978	159,435	142,787	Upgrade
Revenue Growth (YoY)	2.35%	4.66%	18.39%	22.92%	11.66%	143.65%	Upgrade
Cost of Revenue	118,319	118,716	104,585	84,760	65,081	56,942	Upgrade
Gross Profit	121,491	124,115	127,441	111,219	94,354	85,846	Upgrade
Selling, General & Admin	108,660	109,700	99,830	90,767	69,645	58,810	Upgrade
Research & Development	225.5	225.5	534.93	5.55	-	86.06	Upgrade
Other Operating Expenses	917.27	924.31	810.02	594.56	456	248.81	Upgrade
Operating Expenses	115,543	116,138	105,517	93,743	71,513	60,176	Upgrade
Operating Income	5,948	7,977	21,924	17,476	22,841	25,670	Upgrade
Interest Expense	-1,741	-1,689	-274.57	-87.18	-33.52	-1,476	Upgrade
Interest & Investment Income	1,383	1,240	1,199	1,295	426.4	108.66	Upgrade
Earnings From Equity Investments	-	-	-125.44	-49.6	-	-	Upgrade
Currency Exchange Gain (Loss)	1,208	880.6	357.5	45.09	588.01	-481.68	Upgrade
Other Non Operating Income (Expenses)	2,773	2,860	-4.74	39.68	161.11	-1,189	Upgrade
EBT Excluding Unusual Items	9,571	11,269	23,076	18,719	23,983	22,633	Upgrade
Gain (Loss) on Sale of Investments	-216.37	88.07	100.93	-1,467	-113.77	5.98	Upgrade
Gain (Loss) on Sale of Assets	-272.25	-147.84	-27.26	790.69	15.17	-493.08	Upgrade
Asset Writedown	-1,915	-1,911	-11.74	-	-	-	Upgrade
Pretax Income	7,167	9,298	23,138	18,043	23,884	22,145	Upgrade
Income Tax Expense	2,773	2,866	4,062	3,582	4,782	5,065	Upgrade
Earnings From Continuing Operations	4,394	6,431	19,076	14,461	19,102	17,081	Upgrade
Minority Interest in Earnings	406.31	-40.15	-3,918	-2,983	-2,638	-300.2	Upgrade
Net Income	4,800	6,391	15,159	11,478	16,465	16,781	Upgrade
Net Income to Common	4,800	6,391	15,159	11,478	16,465	16,781	Upgrade
Net Income Growth	-62.20%	-57.84%	32.07%	-30.29%	-1.88%	99.50%	Upgrade
Shares Outstanding (Basic)	41	41	41	42	40	34	Upgrade
Shares Outstanding (Diluted)	41	41	41	42	41	36	Upgrade
Shares Change (YoY)	0.24%	0.47%	-1.70%	2.10%	12.75%	-	Upgrade
EPS (Basic)	116.39	154.88	368.91	274.58	407.74	499.29	Upgrade
EPS (Diluted)	116.39	154.81	368.91	274.58	402.35	463.71	Upgrade
EPS Growth	-62.27%	-58.04%	34.36%	-31.76%	-13.23%	88.55%	Upgrade
Free Cash Flow	-7,871	-17,469	13,359	-12,088	10,392	17,863	Upgrade
Free Cash Flow Per Share	-190.75	-423.16	325.12	-289.17	253.83	491.97	Upgrade
Dividend Per Share	35.000	35.000	48.544	37.341	140.030	-	Upgrade
Dividend Growth	-27.90%	-27.90%	30.00%	-73.33%	-	-	Upgrade
Gross Margin	50.66%	51.11%	54.93%	56.75%	59.18%	60.12%	Upgrade
Operating Margin	2.48%	3.28%	9.45%	8.92%	14.33%	17.98%	Upgrade
Profit Margin	2.00%	2.63%	6.53%	5.86%	10.33%	11.75%	Upgrade
Free Cash Flow Margin	-3.28%	-7.19%	5.76%	-6.17%	6.52%	12.51%	Upgrade
EBITDA	12,145	14,157	26,491	20,514	24,640	26,880	Upgrade
EBITDA Margin	5.07%	5.83%	11.42%	10.47%	15.46%	18.82%	Upgrade
D&A For EBITDA	6,197	6,180	4,567	3,038	1,799	1,209	Upgrade
EBIT	5,948	7,977	21,924	17,476	22,841	25,670	Upgrade
EBIT Margin	2.48%	3.28%	9.45%	8.92%	14.33%	17.98%	Upgrade
Effective Tax Rate	38.69%	30.83%	17.55%	19.85%	20.02%	22.87%	Upgrade
Advertising Expenses	-	23,273	20,324	22,366	15,308	12,764	Upgrade

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.