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	-	-	-	300	57	187.68	Upgrade
Other Revenue	-	-	-	-	-0	-	Upgrade
Revenue	-	-	-	300	57	187.68	Upgrade
Revenue Growth (YoY)	-	-	-	426.32%	-69.63%	-55.43%	Upgrade
Cost of Revenue	17.94	25.93	11.02	192.49	52.09	213.76	Upgrade
Gross Profit	-17.94	-25.93	-11.02	107.52	4.91	-26.08	Upgrade
Selling, General & Admin	3,051	3,276	3,226	2,988	2,459	1,481	Upgrade
Research & Development	8,292	8,458	6,138	7,085	5,544	4,340	Upgrade
Other Operating Expenses	40.4	38.31	56.29	75.93	57.34	44.09	Upgrade
Operating Expenses	12,197	12,575	10,106	10,727	8,411	6,021	Upgrade
Operating Income	-12,215	-12,601	-10,117	-10,619	-8,406	-6,047	Upgrade
Interest Expense	-4.79	-6.01	-11.24	-3,222	-6,513	-4,278	Upgrade
Interest & Investment Income	569.96	809.98	690.24	320.48	116.43	105.06	Upgrade
Currency Exchange Gain (Loss)	516.36	717.62	28.37	346.05	205.32	-180.24	Upgrade
Other Non Operating Income (Expenses)	545.57	556.6	592.65	-3,911	-16,877	-2,971	Upgrade
EBT Excluding Unusual Items	-10,587	-10,523	-8,817	-17,086	-31,474	-13,371	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-	-27.15	Upgrade
Gain (Loss) on Sale of Assets	-	-37.27	-41.7	24.43	3.2	-	Upgrade
Pretax Income	-10,587	-10,560	-8,858	-17,062	-31,471	-13,398	Upgrade
Net Income	-10,587	-10,560	-8,858	-17,062	-31,471	-13,398	Upgrade
Net Income to Common	-10,587	-10,560	-8,858	-17,062	-31,471	-13,398	Upgrade
Shares Outstanding (Basic)	13	13	12	9	6	6	Upgrade
Shares Outstanding (Diluted)	13	13	12	9	6	6	Upgrade
Shares Change (YoY)	3.75%	6.79%	36.26%	53.03%	2.65%	1.86%	Upgrade
EPS (Basic)	-818.86	-817.18	-732.03	-1921.10	-5422.59	-2369.66	Upgrade
EPS (Diluted)	-818.86	-817.18	-732.03	-1921.10	-5422.59	-2369.66	Upgrade
Free Cash Flow	-9,443	-10,004	-8,253	-8,512	-8,489	-5,551	Upgrade
Free Cash Flow Per Share	-730.38	-774.15	-681.98	-958.46	-1462.70	-981.82	Upgrade
Gross Margin	-	-	-	35.84%	8.61%	-13.90%	Upgrade
Operating Margin	-	-	-	-3539.83%	-14747.27%	-3221.86%	Upgrade
Profit Margin	-	-	-	-5687.23%	-55211.96%	-7138.82%	Upgrade
Free Cash Flow Margin	-	-	-	-2837.42%	-14892.94%	-2957.82%	Upgrade
EBITDA	-11,401	-11,798	-9,432	-10,041	-8,056	-5,891	Upgrade
D&A For EBITDA	813.24	802.91	684.91	578.1	350.09	155.37	Upgrade
EBIT	-12,215	-12,601	-10,117	-10,619	-8,406	-6,047	Upgrade
Advertising Expenses	-	47.12	-	-	0.2	0.08	Upgrade

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.