Gates Industrial Corporation plc (GTES)

GTES Income Statement

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

Year Ending	TTM	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021	Dec 28, 2019
Revenue	3,535	3,570	3,554	3,474	2,793	3,087
Revenue Growth (YoY)	-0.66%	0.45%	2.30%	24.40%	-9.53%	-7.78%
Cost of Revenue	2,171	2,211	2,304	2,135	1,758	1,945
Gross Profit	1,364	1,359	1,251	1,339	1,035	1,143
Selling, General & Admin	861.8	882.2	853.7	852.7	776.9	777.3
Other Operating Expenses	13.7	14.1	12.9	2.4	46.7	18.4
Operating Expenses	875.5	896.3	866.6	855.1	823.6	795.7
Operating Income	488.3	462.6	384	484.1	211.1	346.8
Interest Expense / Income	159.9	163.2	139.4	133.5	154.3	157.8
Other Expense / Income	34.4	38.2	8.9	35.1	-3.3	-5.2
Pretax Income	294	261.2	235.7	315.5	60.1	194.2
Income Tax	47.5	28.3	14.9	18.4	-19.3	-495.9
Net Income	246.5	232.9	220.8	297.1	79.4	690.1
Net Income Growth	13.96%	5.48%	-25.68%	274.18%	-88.49%	181.33%
Shares Outstanding (Basic)	264	264	282	292	291	290
Shares Change	-6.49%	-6.49%	-3.25%	0.39%	0.23%	0.11%
EPS (Basic)	0.93	0.86	0.78	1.02	0.27	2.38
EPS (Diluted)	0.90	0.84	0.77	1.00	0.27	2.37
EPS Growth	18.42%	9.09%	-23.00%	270.37%	-88.61%	182.14%
Free Cash Flow	343.1	421	188.2	304.7	250.8	276.8
Free Cash Flow Per Share	1.30	1.59	0.67	1.04	0.86	0.95
Gross Margin	38.58%	38.06%	35.19%	38.54%	37.05%	37.01%
Operating Margin	13.81%	12.96%	10.80%	13.93%	7.56%	11.23%
Profit Margin	6.97%	6.52%	6.21%	8.55%	2.84%	22.35%
Free Cash Flow Margin	9.71%	11.79%	5.30%	8.77%	8.98%	8.97%
Effective Tax Rate	16.16%	10.83%	6.32%	5.83%	-32.11%	-255.36%
EBITDA	671.5	641.9	592.3	671.6	433	574.2
EBITDA Margin	19.00%	17.98%	16.66%	19.33%	15.50%	18.60%
Depreciation & Amortization	217.6	217.5	217.2	222.6	218.6	222.2
EBIT	453.9	424.4	375.1	449	214.4	352
EBIT Margin	12.84%	11.89%	10.55%	12.92%	7.68%	11.40%

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).