Element Solutions Inc (ESI)

Element Solutions Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	2,333	2,549	2,400	1,854	1,836
Revenue Growth (YoY)	-8.48%	6.23%	29.46%	0.97%	-6.38%
Cost of Revenue	1,415	1,597	1,439	1,068	1,048
Gross Profit	918.5	952.7	960.8	786	788.3
Selling, General & Admin	596.8	578.6	611.2	504.7	497
Research & Development	68.1	48.8	49.7	48.6	42.2
Other Operating Expenses	80	0	0	0	0
Operating Expenses	744.9	627.4	660.9	553.3	539.2
Operating Income	173.6	325.3	299.9	232.7	249.1
Interest Expense / Income	49.3	51.2	54.2	63.4	90.7
Other Expense / Income	-6.8	1.1	-5.9	89.3	4.9
Pretax Income	131.1	273	251.6	80	153.5
Income Tax	13	85.8	48.3	4.3	61.3
Net Income	118.1	187.2	203.3	75.7	92.2
Net Income Growth	-36.91%	-7.92%	168.56%	-17.90%	-
Shares Outstanding (Basic)	241	245	247	249	258
Shares Outstanding (Diluted)	242	246	248	250	260
Shares Change	-1.63%	-0.85%	-0.80%	-3.92%	-9.75%
EPS (Basic)	0.49	0.76	0.82	0.30	0.36
EPS (Diluted)	0.49	0.76	0.82	0.30	0.35
EPS Growth	-35.53%	-7.32%	173.33%	-14.29%	-
Free Cash Flow	282.3	252.9	279.7	248.9	145.8
Free Cash Flow Per Share	1.17	1.03	1.13	1.00	0.57
Dividend Per Share	0.320	0.320	0.250	0.050	-
Dividend Growth	0%	28.00%	400.00%	-	-
Gross Margin	39.37%	37.37%	40.04%	42.40%	42.94%
Operating Margin	7.44%	12.76%	12.50%	12.55%	13.57%
Profit Margin	5.06%	7.34%	8.47%	4.08%	5.02%
Free Cash Flow Margin	12.10%	9.92%	11.66%	13.43%	7.94%
Effective Tax Rate	9.92%	31.43%	19.20%	5.38%	39.93%
EBITDA	347.1	485.5	469.7	304.8	398.9
EBITDA Margin	14.88%	19.04%	19.57%	16.44%	21.73%
Depreciation & Amortization	166.7	161.3	163.9	161.4	154.7
EBIT	180.4	324.2	305.8	143.4	244.2
EBIT Margin	7.73%	12.72%	12.74%	7.74%	13.30%

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).