Loews Corporation (L)

Loews Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	16,349	15,901	14,044	14,657	12,583	14,931
Revenue Growth (YoY)	13.34%	13.22%	-4.18%	16.48%	-15.73%	6.15%
Cost of Revenue	10,485	10,256	9,614	9,142	8,739	8,271
Gross Profit	5,864	5,645	4,430	5,515	3,844	6,660
Selling, General & Admin	3,492	3,393	3,077	2,957	4,720	4,950
Operating Expenses	3,492	3,393	3,077	2,957	4,720	4,950
Operating Income	2,372	2,252	1,353	2,558	-876	1,710
Interest Expense / Income	384	376	378	424	515	591
Other Expense / Income	-8	-9	-70	97	-287	-61
Pretax Income	1,996	1,885	1,045	2,037	-1,104	1,180
Income Tax	480	451	223	475	-173	248
Net Income	1,516	1,434	822	1,562	-931	932
Net Income Growth	73.26%	74.45%	-47.38%	-	-	46.54%
Shares Outstanding (Basic)	222	227	243	260	280	303
Shares Outstanding (Diluted)	223	228	243	260	280	303
Shares Change	-4.64%	-6.36%	-6.50%	-7.18%	-7.59%	-5.18%
EPS (Basic)	6.73	6.30	3.39	6.02	-3.32	3.08
EPS (Diluted)	6.73	6.29	3.38	6.00	-3.32	3.07
EPS Growth	82.88%	86.09%	-43.67%	-	-	54.27%
Free Cash Flow	2,700	3,221	2,654	2,141	1,035	700
Free Cash Flow Per Share	12.14	14.16	10.93	8.24	3.69	2.31
Dividend Per Share	0.250	0.250	0.250	0.250	0.250	0.250
Dividend Growth	0%	0%	0%	0%	0%	-0.40%
Gross Margin	35.87%	35.50%	31.54%	37.63%	30.55%	44.61%
Operating Margin	14.51%	14.16%	9.63%	17.45%	-6.96%	11.45%
Profit Margin	9.27%	9.02%	5.85%	10.66%	-7.40%	6.24%
Free Cash Flow Margin	16.51%	20.26%	18.90%	14.61%	8.23%	4.69%
Effective Tax Rate	24.05%	23.93%	21.34%	23.32%	-	21.02%
EBITDA	2,918	2,799	1,932	2,976	145	2,714
EBITDA Margin	17.85%	17.60%	13.76%	20.30%	1.15%	18.18%
Depreciation & Amortization	538	538	509	515	734	943
EBIT	2,380	2,261	1,423	2,461	-589	1,771
EBIT Margin	14.56%	14.22%	10.13%	16.79%	-4.68%	11.86%

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).