Heartland Financial USA Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	Mar '20 Mar 31, 2020
Revenue	308.97	239.61	237.25	261.49	274.17
Revenue Growth (YoY)	28.95%	0.99%	-9.27%	-4.63%	-
Cost of Revenue	216.24	187.32	173.57	158.63	221.21
Gross Profit	92.73	52.29	63.69	102.86	52.96
Selling, General & Admin	34.62	35.13	36.39	30.05	42.01
Other Operating Expenses	-0.03	-	-0.04	-	-
Operating Expenses	37	40.74	45.29	45.24	67.27
Operating Income	55.73	11.55	18.4	57.62	-14.32
Interest Expense	-1.02	-2.84	-6.63	-7.69	-12.03
Interest & Investment Income	0.81	0.39	1.23	0.51	0.28
Other Non Operating Income (Expenses)	-8.97	-4.76	-5.81	6.47	-2.13
EBT Excluding Unusual Items	46.55	4.34	7.19	56.91	-28.19
Gain (Loss) on Sale of Assets	-	-	-	-0.47	1.05
Asset Writedown	-0.13	-1.18	-	-	-
Other Unusual Items	8.8	24.45	5.71	-	-
Pretax Income	55.22	27.61	12.89	56.44	-27.15
Income Tax Expense	13.55	7.42	3.61	-	-
Net Income	41.67	20.18	9.29	56.44	-27.15
Net Income to Common	41.67	20.18	9.29	56.44	-27.15
Net Income Growth	106.44%	117.38%	-83.55%	-	-
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
EPS (Basic)	5.51	2.67	1.23	7.46	-3.59
EPS (Diluted)	5.51	2.67	1.23	7.46	-3.59
EPS Growth	106.44%	117.38%	-83.55%	-	-
Free Cash Flow	28.16	19.02	36.47	-	-
Free Cash Flow Per Share	3.72	2.52	4.82	-	-
Gross Margin	30.01%	21.82%	26.84%	39.34%	19.32%
Operating Margin	18.04%	4.82%	7.75%	22.03%	-5.22%
Profit Margin	13.49%	8.42%	3.91%	21.58%	-9.90%
Free Cash Flow Margin	9.12%	7.94%	15.37%	-	-
EBITDA	56.78	12.53	19.54	72.81	10.94
EBITDA Margin	18.38%	5.23%	8.23%	27.84%	3.99%
D&A For EBITDA	1.04	0.98	1.14	15.19	25.26
EBIT	55.73	11.55	18.4	57.62	-14.32
EBIT Margin	18.04%	4.82%	7.75%	22.03%	-5.22%
Effective Tax Rate	24.54%	26.88%	27.97%	-	-
Revenue as Reported	314.52	266.3	248.28	279.51	285.78
Advertising Expenses	0.11	0.06	-	0.01	2.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.