Mercedes-Benz Group AG (MBGAF)

Mercedes-Benz Group 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
Operating Revenue	120,952	126,500	123,063	105,952	94,079	144,099
Other Revenue	26,996	26,718	26,954	27,941	27,699	28,646
Revenue	147,948	153,218	150,017	133,893	121,778	172,745
Revenue Growth (YoY)	-3.56%	2.13%	12.04%	9.95%	-29.50%	3.22%
Cost of Revenue	94,363	95,209	93,010	80,069	76,688	118,626
Gross Profit	27,418	32,583	32,477	29,368	18,656	25,834
Selling, General & Admin	10,580	10,948	10,663	10,252	9,659	15,370
Research & Development	5,981	6,230	5,602	5,385	4,697	6,586
Other Operating Expenses	-2,193	-2,076	-1,121	-1,158	-1,786	1,360
Operating Expenses	14,368	15,102	15,144	14,479	12,570	23,316
Operating Income	13,050	17,481	17,333	14,889	6,086	2,518
Interest Expense	-129	-202	-363	-367	-261	-674
Interest & Investment Income	696	646	261	208	221	393
Earnings From Equity Investments	1,778	2,284	1,941	1,492	1,261	1,245
Other Non Operating Income (Expenses)	-72	113	328	323	-292	-265
EBT Excluding Unusual Items	15,323	20,322	19,500	16,545	7,015	3,217
Merger & Restructuring Charges	-	-	-	-549	-911	-
Gain (Loss) on Sale of Investments	-	-	385	604	-	-
Gain (Loss) on Sale of Assets	-33	-238	419	-693	-147	-105
Other Unusual Items	-	-	-	-96	-	718
Pretax Income	15,290	20,084	20,304	15,811	5,957	3,830
Income Tax Expense	4,324	5,553	5,495	4,761	1,926	1,121
Earnings From Continuing Operations	10,966	14,531	14,809	11,050	4,031	2,709
Earnings From Discontinued Operations	-	-	-	12,346	-22	-
Net Income to Company	10,966	14,531	14,809	23,396	4,009	2,709
Minority Interest in Earnings	-126	-270	-308	-390	-382	-332
Net Income	10,840	14,261	14,501	23,006	3,627	2,377
Net Income to Common	10,840	14,261	14,501	23,006	3,627	2,377
Net Income Growth	-28.33%	-1.66%	-36.97%	534.30%	52.59%	-67.21%
Shares Outstanding (Basic)	1,022	1,060	1,070	1,070	1,070	1,070
Shares Outstanding (Diluted)	1,022	1,060	1,070	1,070	1,070	1,070
Shares Change (YoY)	-4.11%	-0.95%	-	-	-	-
EPS (Basic)	10.61	13.46	13.55	21.50	3.39	2.22
EPS (Diluted)	10.61	13.46	13.55	21.50	3.39	2.22
EPS Growth	-25.24%	-0.67%	-36.99%	534.36%	52.70%	-67.24%
Free Cash Flow	11,924	10,725	13,413	19,970	16,591	689
Free Cash Flow Per Share	11.67	10.12	12.54	18.67	15.51	0.64
Dividend Per Share	5.300	5.300	5.200	5.000	1.350	0.900
Dividend Growth	1.92%	1.92%	4.00%	270.37%	50.00%	-72.31%
Gross Margin	18.53%	21.27%	21.65%	21.93%	15.32%	14.95%
Operating Margin	8.82%	11.41%	11.55%	11.12%	5.00%	1.46%
Profit Margin	7.33%	9.31%	9.67%	17.18%	2.98%	1.38%
Free Cash Flow Margin	8.06%	7.00%	8.94%	14.91%	13.62%	0.40%
EBITDA	16,929	21,339	21,165	19,091	11,915	7,798
EBITDA Margin	11.44%	13.93%	14.11%	14.26%	9.78%	4.51%
D&A For EBITDA	3,879	3,858	3,832	4,202	5,829	5,280
EBIT	13,050	17,481	17,333	14,889	6,086	2,518
EBIT Margin	8.82%	11.41%	11.55%	11.12%	5.00%	1.46%
Effective Tax Rate	28.28%	27.65%	27.06%	30.11%	32.33%	29.27%

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