The Middleby Corporation (MIDD)

The Middleby Corporation Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	4,037	4,033	3,251	2,513	2,959
Revenue Growth (YoY)	0.09%	24.06%	29.35%	-15.08%	8.69%
Cost of Revenue	2,503	2,586	2,056	1,631	1,856
Gross Profit	1,534	1,447	1,195	882.05	1,103
Selling, General & Admin	806.95	797.23	667.98	531.9	593.81
Other Operating Expenses	92.25	9.72	-103.11	40.4	-3.49
Operating Expenses	899.19	806.95	564.87	572.3	590.32
Operating Income	634.87	639.6	629.99	309.75	513.18
Interest Expense / Income	120.35	88.98	57.16	78.62	82.61
Other Expense / Income	-4.86	-13.79	-46.67	-36.93	-32.05
Pretax Income	519.38	564.42	619.5	268.06	462.62
Income Tax	118.5	127.85	131.01	60.76	110.38
Net Income	400.88	436.57	488.49	207.29	352.24
Net Income Growth	-8.17%	-10.63%	135.65%	-41.15%	11.06%
Shares Outstanding (Basic)	54	54	55	55	56
Shares Outstanding (Diluted)	54	55	57	55	56
Shares Change	-1.57%	-3.03%	2.77%	-0.93%	0.09%
EPS (Basic)	7.48	8.07	8.85	3.76	6.33
EPS (Diluted)	7.41	7.95	8.62	3.76	6.33
EPS Growth	-6.79%	-7.77%	129.26%	-40.60%	11.05%
Free Cash Flow	543.61	265.26	383.14	504.08	330.82
Free Cash Flow Per Share	10.15	4.90	6.94	9.15	5.95
Gross Margin	38.00%	35.87%	36.76%	35.10%	37.29%
Operating Margin	15.73%	15.86%	19.38%	12.32%	17.34%
Profit Margin	9.93%	10.83%	15.03%	8.25%	11.90%
Free Cash Flow Margin	13.47%	6.58%	11.79%	20.06%	11.18%
Effective Tax Rate	22.81%	22.65%	21.15%	22.67%	23.86%
EBITDA	772.33	791.45	801.9	457.21	648.66
EBITDA Margin	19.13%	19.63%	24.67%	18.19%	21.92%
Depreciation & Amortization	132.6	138.06	125.24	110.53	103.43
EBIT	639.73	653.39	676.66	346.67	545.23
EBIT Margin	15.85%	16.20%	20.82%	13.79%	18.42%

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).