Array Technologies, Inc. (ARRY)

Array Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	1,577	1,638	853.32	872.66	647.9
Revenue Growth (YoY)	-3.72%	91.90%	-2.22%	34.69%	122.81%
Cost of Revenue	1,161	1,425	785.02	669.86	497.14
Gross Profit	415.55	212.72	68.3	202.8	150.76
Selling, General & Admin	159.54	150.78	80.97	55.63	41.21
Other Operating Expenses	38.93	84.58	9.37	51.96	26.14
Operating Expenses	198.46	235.36	90.35	107.59	67.35
Operating Income	217.09	-22.64	-22.05	95.21	83.41
Interest Expense / Income	44.23	36.69	35.68	15.13	18.8
Other Expense / Income	-4.3	-54.38	3.39	2.31	0.03
Pretax Income	177.16	-4.95	-61.12	77.78	64.58
Income Tax	39.92	-9.38	-10.72	18.71	24.83
Net Income	137.24	4.43	-50.4	59.07	39.75
Preferred Dividends	51.69	48.05	15.72	0	0
Net Income Common	85.55	-43.62	-66.12	59.07	39.75
Net Income Growth	-	-	-	48.63%	-
Shares Outstanding (Basic)	151	150	130	121	120
Shares Outstanding (Diluted)	152	150	130	122	120
Shares Change	1.47%	15.26%	6.97%	1.27%	-
EPS (Basic)	0.57	-0.29	-0.51	0.49	0.33
EPS (Diluted)	0.56	-0.29	-0.51	0.49	0.33
EPS Growth	-	-	-	48.48%	-
Free Cash Flow	215.13	130.87	-266.54	-123.54	384.38
Free Cash Flow Per Share	1.43	0.87	-2.05	-1.02	3.20
Gross Margin	26.36%	12.99%	8.00%	23.24%	23.27%
Operating Margin	13.77%	-1.38%	-2.58%	10.91%	12.87%
Profit Margin	5.43%	-2.66%	-7.75%	6.77%	6.13%
Free Cash Flow Margin	13.65%	7.99%	-31.24%	-14.16%	59.33%
Effective Tax Rate	22.53%	-	-	24.05%	38.46%
EBITDA	261.65	118.24	-14.05	120.38	110.69
EBITDA Margin	16.60%	7.22%	-1.65%	13.79%	17.08%
Depreciation & Amortization	40.27	86.5	11.39	27.47	27.32
EBIT	221.39	31.74	-25.44	92.91	83.38
EBIT Margin	14.04%	1.94%	-2.98%	10.65%	12.87%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).