PHINIA Inc. (PHIN)

PHINIA Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,452	3,500	3,348	3,227	1,034
Revenue Growth (YoY)	-0.49%	4.54%	3.75%	212.09%	-
Cost of Revenue	2,699	2,776	2,627	2,551	859
Gross Profit	753	724	721	676	175
Selling, General & Admin	435	415	375	421	144
Other Operating Expenses	-4	-22	-51	-34	-8
Operating Expenses	431	393	324	387	136
Operating Income	322	331	397	289	39
Interest Expense	-103	-56	-20	-35	-17
Interest & Investment Income	16	13	6	1	1
Earnings From Equity Investments	10	10	11	7	1
EBT Excluding Unusual Items	245	298	394	262	24
Merger & Restructuring Charges	-13	-12	-11	-62	-47
Impairment of Goodwill	-	-	-	-	-82
Asset Writedown	-	-	-5	-14	-
Other Unusual Items	-24	-80	-31	-	-
Pretax Income	208	206	347	186	-105
Income Tax Expense	101	104	85	33	19
Earnings From Continuing Operations	107	102	262	153	-124
Minority Interest in Earnings	-	-	-	-1	-
Net Income	107	102	262	152	-124
Net Income to Common	107	102	262	152	-124
Net Income Growth	-25.69%	-61.07%	72.37%	-	-
Shares Outstanding (Basic)	45	47	47	47	-
Shares Outstanding (Diluted)	46	47	47	47	-
Shares Change (YoY)	-2.55%	-	-	-	-
EPS (Basic)	2.37	2.17	5.57	3.23	-
EPS (Diluted)	2.34	2.17	5.57	3.23	-
EPS Growth	-23.14%	-61.04%	72.45%	-	-
Free Cash Flow	179	100	196	1	-151
Free Cash Flow Per Share	3.91	2.13	4.17	0.02	-
Dividend Per Share	1.000	0.500	-	-	-
Gross Margin	21.81%	20.69%	21.54%	20.95%	16.92%
Operating Margin	9.33%	9.46%	11.86%	8.96%	3.77%
Profit Margin	3.10%	2.91%	7.83%	4.71%	-11.99%
Free Cash Flow Margin	5.19%	2.86%	5.85%	0.03%	-14.60%
EBITDA	488	502	567	493	101
EBITDA Margin	14.14%	14.34%	16.94%	15.28%	9.77%
D&A For EBITDA	166	171	170	204	62
EBIT	322	331	397	289	39
EBIT Margin	9.33%	9.46%	11.86%	8.96%	3.77%
Effective Tax Rate	48.56%	50.49%	24.50%	17.74%	-

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