Owens Corning (OC)

Owens Corning Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	9,872	9,677	9,761	8,498	7,055	7,160
Revenue Growth (YoY)	1.69%	-0.86%	14.86%	20.45%	-1.47%	1.46%
Cost of Revenue	6,888	6,892	7,103	6,266	5,419	5,536
Gross Profit	2,984	2,785	2,658	2,232	1,636	1,624
Selling, General & Admin	1,022	973	787	745	650	732
Research & Development	132	123	106	91	82	87
Other Operating Expenses	85	41	-1	-16	32	37
Operating Expenses	1,239	1,137	892	820	764	856
Operating Income	1,745	1,648	1,766	1,412	872	768
Interest Expense	-112	-76	-108	-121	-124	-118
Earnings From Equity Investments	4	3	-	1	-	1
Currency Exchange Gain (Loss)	6	-2	-5	-4	-2	-1
Other Non Operating Income (Expenses)	-1	-1	-	2	-	1
EBT Excluding Unusual Items	1,642	1,572	1,653	1,290	746	651
Merger & Restructuring Charges	-245	-169	-55	-20	-41	-28
Impairment of Goodwill	-	-	-	-	-944	-
Gain (Loss) on Sale of Investments	-	-	130	-	-	-
Gain (Loss) on Sale of Assets	2	191	-18	53	26	-
Asset Writedown	-	-	-96	-	-43	-
Other Unusual Items	-	-	-	-9	-	-32
Pretax Income	1,399	1,594	1,614	1,314	-256	591
Income Tax Expense	348	401	373	319	129	186
Earnings From Continuing Operations	1,051	1,193	1,241	995	-385	405
Minority Interest in Earnings	1	3	-	-	2	-
Net Income	1,052	1,196	1,241	995	-383	405
Net Income to Common	1,052	1,196	1,241	995	-383	405
Net Income Growth	-20.42%	-3.63%	24.72%	-	-	-25.69%
Shares Outstanding (Basic)	88	90	97	104	109	109
Shares Outstanding (Diluted)	89	91	98	104	109	110
Shares Change (YoY)	-5.01%	-6.86%	-6.33%	-3.96%	-1.36%	-1.17%
EPS (Basic)	11.91	13.27	12.85	9.61	-3.53	3.71
EPS (Diluted)	11.79	13.14	12.70	9.54	-3.53	3.68
EPS Growth	-16.22%	3.46%	33.12%	-	-	-24.74%
Free Cash Flow	1,351	1,193	1,314	1,087	828	590
Free Cash Flow Per Share	15.15	13.11	13.45	10.42	7.62	5.36
Dividend Per Share	2.320	2.160	1.570	1.130	0.980	0.900
Dividend Growth	21.47%	37.58%	38.94%	15.31%	8.89%	5.88%
Gross Margin	30.23%	28.78%	27.23%	26.27%	23.19%	22.68%
Operating Margin	17.68%	17.03%	18.09%	16.62%	12.36%	10.73%
Profit Margin	10.66%	12.36%	12.71%	11.71%	-5.43%	5.66%
Free Cash Flow Margin	13.69%	12.33%	13.46%	12.79%	11.74%	8.24%
EBITDA	2,288	2,156	2,271	1,901	1,345	1,216
EBITDA Margin	23.18%	22.28%	23.27%	22.37%	19.06%	16.98%
D&A For EBITDA	543	508	505	489	473	448
EBIT	1,745	1,648	1,766	1,412	872	768
EBIT Margin	17.68%	17.03%	18.09%	16.62%	12.36%	10.73%
Effective Tax Rate	24.87%	25.16%	23.11%	24.28%	-	31.47%

Source: S&P Capital IQ. Standard template. Financial Sources.