BAM Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	4,062	3,627	3,087	2,154	2,173
Revenue Growth (YoY)	11.99%	17.49%	43.31%	-0.87%	-
Cost of Revenue	1,134	900	914	639	691
Gross Profit	2,928	2,727	2,173	1,515	1,482
Selling, General & Admin	398	317	317	271	266
Operating Expenses	398	317	317	271	266
Operating Income	2,530	2,410	1,856	1,244	1,216
Interest Expense / Income	14	154	171	257	154
Other Expense / Income	-2	-321	-688	363	-476
Pretax Income	2,518	2,577	2,373	624	1,538
Income Tax	417	627	504	226	-375
Net Income	2,101	1,950	1,869	398	1,913
Preferred Dividends	262	35	0	0	0
Net Income Common	1,839	1,915	1,869	398	1,913
Net Income Growth	-3.97%	2.46%	369.60%	-79.19%	-
Shares Outstanding (Basic)	392	386	386	-	-
Shares Change	1.56%	-	-	-	-
Free Cash Flow	1,422	-387	1,408	1,766	828
Free Cash Flow Per Share	3.63	-1.00	3.65	-	-
Dividend Per Share	0.780	-	-	-	-
Gross Margin	72.08%	75.19%	70.39%	70.33%	68.20%
Operating Margin	62.28%	66.45%	60.12%	57.75%	55.96%
Profit Margin	45.27%	52.80%	60.54%	18.48%	88.03%
Free Cash Flow Margin	35.01%	-10.67%	45.61%	81.99%	38.10%
Effective Tax Rate	16.56%	24.33%	21.24%	36.22%	-24.38%
EBITDA	2,546	2,744	2,555	888	1,698
EBITDA Margin	62.68%	75.65%	82.77%	41.23%	78.14%
Depreciation & Amortization	14	13	11	7	6
EBIT	2,532	2,731	2,544	881	1,692
EBIT Margin	62.33%	75.30%	82.41%	40.90%	77.86%

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).