The Vita Coco Company Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	494.86	493.61	427.79	379.51	310.64	283.95
Revenue Growth (YoY)	3.21%	15.39%	12.72%	22.17%	9.40%	-
Cost of Revenue	297.59	312.88	324.43	266.37	205.79	190.96
Gross Profit	197.28	180.73	103.36	113.15	104.86	92.99
Selling, General & Admin	121.54	123.46	91.21	86.86	72.87	77.04
Research & Development	0.42	0.42	0.54	0.48	0.31	0.64
Operating Expenses	121.96	123.87	92.97	88.56	74.4	78.92
Operating Income	75.32	56.86	10.39	24.59	30.46	14.07
Interest Expense	-	-0.03	-0.26	-0.36	-0.79	-1.16
Interest & Investment Income	6.5	2.58	0.05	0.13	0.4	0.23
Currency Exchange Gain (Loss)	0.65	-0.25	1.39	-2.09	1.85	0.2
Other Non Operating Income (Expenses)	-5.01	-0.87	6.61	2.09	-4.72	-1.23
EBT Excluding Unusual Items	77.46	58.28	18.17	24.36	27.2	12.1
Asset Writedown	-0.36	-0.36	-7.33	-	-	-
Other Unusual Items	-	-	-	-0.13	16.4	-0.7
Pretax Income	77.1	57.92	10.84	24.23	43.6	11.4
Income Tax Expense	17.75	11.29	3.03	5.24	10.91	1.98
Earnings From Continuing Operations	59.36	46.63	7.81	18.99	32.69	9.42
Minority Interest in Earnings	-	-	-	0.02	-0.03	-0.01
Net Income	59.36	46.63	7.81	19.02	32.66	9.42
Net Income to Common	59.36	46.63	7.81	19.02	32.66	9.42
Net Income Growth	60.22%	496.74%	-58.91%	-41.78%	246.82%	-
Shares Outstanding (Basic)	57	56	56	54	59	57
Shares Outstanding (Diluted)	59	59	56	54	59	57
Shares Change (YoY)	2.12%	4.67%	3.58%	-7.55%	2.55%	-
EPS (Basic)	1.05	0.83	0.14	0.35	0.56	0.17
EPS (Diluted)	1.00	0.79	0.14	0.35	0.56	0.16
EPS Growth	56.82%	464.28%	-60.00%	-37.31%	248.92%	-
Free Cash Flow	72.21	106.56	-11.92	-16.72	32.93	20.76
Free Cash Flow Per Share	1.22	1.81	-0.21	-0.31	0.56	0.36
Gross Margin	39.87%	36.61%	24.16%	29.81%	33.76%	32.75%
Operating Margin	15.22%	11.52%	2.43%	6.48%	9.80%	4.96%
Profit Margin	11.99%	9.45%	1.83%	5.01%	10.51%	3.32%
Free Cash Flow Margin	14.59%	21.59%	-2.79%	-4.41%	10.60%	7.31%
EBITDA	76.02	57.52	12.29	26.66	32.58	16.15
EBITDA Margin	15.36%	11.65%	2.87%	7.02%	10.49%	5.69%
D&A For EBITDA	0.7	0.66	1.9	2.07	2.13	2.08
EBIT	75.32	56.86	10.39	24.59	30.46	14.07
EBIT Margin	15.22%	11.52%	2.43%	6.48%	9.80%	4.96%
Effective Tax Rate	23.02%	19.49%	27.92%	21.61%	25.03%	17.36%
Advertising Expenses	-	14.86	14.4	13.76	12.86	16.57

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