Volkswagen AG (VWAPY)

Volkswagen 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	270,626	272,286	235,383	206,237	182,106	212,472
Other Revenue	53,835	49,998	43,667	43,963	40,778	40,160
Revenue	324,461	322,284	279,050	250,200	222,884	252,632
Revenue Growth (YoY)	4.24%	15.49%	11.53%	12.26%	-11.78%	7.12%
Cost of Revenue	205,640	205,693	185,406	166,840	149,327	169,946
Gross Profit	56,074	58,663	49,515	44,519	36,795	46,232
Selling, General & Admin	31,228	30,315	27,867	25,998	24,414	27,234
Other Operating Expenses	1,356	3,726	-1,420	-796	578	-132
Operating Expenses	32,584	34,041	26,447	25,202	24,992	27,102
Operating Income	23,490	24,622	23,068	19,317	11,803	19,130
Interest Expense	-4,163	-3,592	-408	-1,818	-2,291	-2,524
Interest & Investment Income	2,658	2,658	1,325	810	793	910
Earnings From Equity Investments	1,145	2,236	2,287	2,232	2,696	3,278
Currency Exchange Gain (Loss)	-507	-507	120	526	-907	-81
Other Non Operating Income (Expenses)	-833	-836	-488	-556	1,829	-67
EBT Excluding Unusual Items	21,790	24,581	25,904	20,511	13,923	20,646
Merger & Restructuring Charges	-2,200	-	-	-34	-	-
Impairment of Goodwill	-6	-6	-30	-39	-37	-15
Gain (Loss) on Sale of Investments	229	229	-3,115	269	-572	-169
Gain (Loss) on Sale of Assets	-890	-706	-220	-218	-142	-61
Asset Writedown	-843	-843	-190	-30	-914	309
Legal Settlements	-	-	-	-	-1,000	-2,600
Other Unusual Items	-62	-62	-280	-333	409	246
Pretax Income	18,018	23,193	22,069	20,126	11,667	18,356
Income Tax Expense	4,040	5,265	6,217	4,698	2,843	4,327
Earnings From Continuing Operations	13,978	17,928	15,852	15,428	8,824	14,029
Minority Interest in Earnings	-1,083	-1,329	-395	-46	43	-143
Net Income	12,895	16,599	15,457	15,382	8,867	13,886
Preferred Dividends & Other Adjustments	640	586	576	539	533	540
Net Income to Common	12,255	16,013	14,881	14,843	8,334	13,346
Net Income Growth	-11.22%	7.39%	0.49%	73.47%	-36.14%	14.42%
Shares Outstanding (Basic)	501	501	501	501	501	501
Shares Outstanding (Diluted)	501	501	501	501	501	501
EPS (Basic)	24.45	31.94	29.69	29.61	16.62	26.62
EPS (Diluted)	24.45	31.94	29.69	29.61	16.62	26.62
EPS Growth	-12.20%	7.61%	0.26%	78.10%	-37.55%	12.84%
Free Cash Flow	3,013	4,703	15,548	27,978	13,628	3,753
Free Cash Flow Per Share	6.01	9.38	31.02	55.81	27.19	7.49
Dividend Per Share	9.060	9.060	8.760	7.560	4.860	4.860
Dividend Growth	3.42%	3.42%	15.87%	55.56%	0%	0%
Gross Margin	17.28%	18.20%	17.74%	17.79%	16.51%	18.30%
Operating Margin	7.24%	7.64%	8.27%	7.72%	5.30%	7.57%
Profit Margin	3.78%	4.97%	5.33%	5.93%	3.74%	5.28%
Free Cash Flow Margin	0.93%	1.46%	5.57%	11.18%	6.11%	1.49%
EBITDA	25,931	34,786	34,790	30,901	23,296	30,442
EBITDA Margin	7.99%	10.79%	12.47%	12.35%	10.45%	12.05%
D&A For EBITDA	2,441	10,164	11,722	11,584	11,493	11,312
EBIT	23,490	24,622	23,068	19,317	11,803	19,130
EBIT Margin	7.24%	7.64%	8.27%	7.72%	5.30%	7.57%
Effective Tax Rate	22.42%	22.70%	28.17%	23.34%	24.37%	23.57%

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