Heartland Financial USA Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2021
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2017 - 2021
Revenue	464,883	460,319	430,186	425,229	366,185	344,364	Upgrade
Revenue Growth (YoY)	6.01%	7.00%	1.17%	16.12%	6.34%	1.15%	Upgrade
Cost of Revenue	306,168	304,257	292,343	286,834	249,628	229,032	Upgrade
Gross Profit	158,715	156,062	137,843	138,395	116,557	115,332	Upgrade
Selling, General & Admin	99,340	97,671	89,434	87,292	72,398	68,484	Upgrade
Other Operating Expenses	7,877	7,877	4,738	4,699	3,771	3,494	Upgrade
Operating Expenses	112,054	110,391	98,813	96,975	80,692	74,641	Upgrade
Operating Income	46,661	45,671	39,030	41,420	35,865	40,691	Upgrade
Interest Expense	-119	-97	-79	-73	-64	-50	Upgrade
Interest & Investment Income	3,752	3,565	2,980	2,135	1,519	1,328	Upgrade
Currency Exchange Gain (Loss)	-1,426	-100	2,340	514	1,144	-115	Upgrade
Other Non Operating Income (Expenses)	1,396	1,502	2,015	792	776	739	Upgrade
EBT Excluding Unusual Items	50,264	50,541	46,286	44,788	39,240	42,593	Upgrade
Gain (Loss) on Sale of Investments	843	843	-	-	-	1,445	Upgrade
Gain (Loss) on Sale of Assets	-	-218	-215	-225	-181	-193	Upgrade
Asset Writedown	-261	-111	-354	-	-	-	Upgrade
Other Unusual Items	-1,169	-1,169	203	-	-	-	Upgrade
Pretax Income	49,677	49,886	45,920	44,563	39,059	43,845	Upgrade
Income Tax Expense	12,707	12,698	11,391	11,569	10,053	11,602	Upgrade
Earnings From Continuing Operations	36,970	37,188	34,529	32,994	29,006	32,243	Upgrade
Minority Interest in Earnings	-7,474	-7,497	-7,862	-6,898	-5,258	-4,662	Upgrade
Net Income	29,496	29,691	26,667	26,096	23,748	27,581	Upgrade
Net Income to Common	29,496	29,691	26,667	26,096	23,748	27,581	Upgrade
Net Income Growth	-2.32%	11.34%	2.19%	9.89%	-13.90%	27.92%	Upgrade
Shares Outstanding (Basic)	141	142	144	148	151	154	Upgrade
Shares Outstanding (Diluted)	141	142	144	148	151	154	Upgrade
Shares Change (YoY)	-1.74%	-1.89%	-2.15%	-2.61%	-1.77%	-0.00%	Upgrade
EPS (Basic)	209.19	209.66	184.75	176.91	156.79	178.87	Upgrade
EPS (Diluted)	209.19	209.66	184.75	176.91	156.79	178.87	Upgrade
EPS Growth	-0.59%	13.48%	4.43%	12.83%	-12.34%	27.92%	Upgrade
Free Cash Flow	-	40,659	6,600	-6,563	8,469	36,882	Upgrade
Free Cash Flow Per Share	-	287.11	45.73	-44.49	55.91	239.19	Upgrade
Dividend Per Share	80.000	80.000	60.000	53.333	46.667	38.333	Upgrade
Dividend Growth	33.33%	33.33%	12.50%	14.29%	21.74%	17.35%	Upgrade
Gross Margin	34.14%	33.90%	32.04%	32.55%	31.83%	33.49%	Upgrade
Operating Margin	10.04%	9.92%	9.07%	9.74%	9.79%	11.82%	Upgrade
Profit Margin	6.35%	6.45%	6.20%	6.14%	6.49%	8.01%	Upgrade
Free Cash Flow Margin	-	8.83%	1.53%	-1.54%	2.31%	10.71%	Upgrade
EBITDA	65,504	60,812	53,820	54,698	47,659	52,104	Upgrade
EBITDA Margin	14.09%	13.21%	12.51%	12.86%	13.01%	15.13%	Upgrade
D&A For EBITDA	18,843	15,141	14,790	13,278	11,794	11,413	Upgrade
EBIT	46,661	45,671	39,030	41,420	35,865	40,691	Upgrade
EBIT Margin	10.04%	9.92%	9.07%	9.74%	9.79%	11.82%	Upgrade
Effective Tax Rate	25.58%	25.45%	24.81%	25.96%	25.74%	26.46%	Upgrade
Advertising Expenses	-	17,317	15,352	12,175	9,996	11,561	Upgrade

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