Nokia Oyj (NOK)

Nokia Oyj Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	22,258	24,911	22,202	21,852	23,315
Revenue Growth (YoY)	-10.65%	12.20%	1.60%	-6.27%	3.33%
Cost of Revenue	13,571	14,689	13,368	13,659	15,051
Gross Profit	8,687	10,222	8,834	8,193	8,264
Selling, General & Admin	2,929	3,013	2,792	2,898	3,219
Research & Development	4,327	4,550	4,214	4,087	4,532
Other Operating Expenses	-257	341	-330	323	28
Operating Expenses	6,999	7,904	6,676	7,308	7,779
Operating Income	1,688	2,318	2,158	885	485
Interest Expense / Income	575	286	310	329	510
Other Expense / Income	-377	-192	-47	-177	-170
Pretax Income	1,490	2,224	1,895	733	145
Income Tax	825	-2,026	272	3,256	138
Net Income	665	4,250	1,623	-2,523	7
Net Income Growth	-84.35%	161.86%	-	-	-
Shares Outstanding (Basic)	5,632	5,675	5,654	5,641	5,636
Shares Change	-0.76%	0.38%	0.24%	0.08%	-3.48%
EPS (Basic)	0.12	0.75	0.29	-0.45	-
EPS (Diluted)	0.12	0.74	0.29	-0.45	-
EPS Growth	-83.78%	155.17%	-	-	-
Free Cash Flow	1,493	1,402	2,633	1,575	199
Free Cash Flow Per Share	0.27	0.25	0.47	0.28	0.04
Dividend Per Share	0.120	0.061	-	-	0.112
Dividend Growth	96.72%	-	-	-	-52.54%
Gross Margin	39.03%	41.03%	39.79%	37.49%	35.44%
Operating Margin	7.58%	9.31%	9.72%	4.05%	2.08%
Profit Margin	2.99%	17.06%	7.31%	-11.55%	0.03%
Free Cash Flow Margin	6.71%	5.63%	11.86%	7.21%	0.85%
Effective Tax Rate	55.37%	-91.10%	14.35%	444.20%	95.17%
EBITDA	2,065	2,510	2,205	1,062	655
EBITDA Margin	9.28%	10.08%	9.93%	4.86%	2.81%
EBIT	2,065	2,510	2,205	1,062	655
EBIT Margin	9.28%	10.08%	9.93%	4.86%	2.81%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).