Ferrari N.V. (RACE)

Ferrari Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	6,126	5,970	5,095	4,271	3,460	3,767
Revenue Growth (YoY)	14.75%	17.17%	19.30%	23.44%	-8.15%	10.12%
Cost of Revenue	3,066	2,996	2,649	2,081	1,686	1,805
Gross Profit	3,059	2,974	2,446	2,190	1,773	1,961
Selling, General & Admin	472.49	462.58	427.97	348.02	336.13	343.18
Research & Development	898.61	881.56	775.57	768.1	707.39	699.21
Operating Expenses	1,371	1,344	1,204	1,116	1,044	1,042
Operating Income	1,688	1,630	1,243	1,074	729.96	918.92
Interest Expense / Income	12.55	15.02	49.62	33.26	49.09	42.08
Other Expense / Income	18.55	18.17	22.05	1.03	14.89	4.36
Pretax Income	1,657	1,597	1,171	1,040	665.97	872.47
Income Tax	349.21	344.9	238.47	209.1	58.16	176.66
Net Income	1,308	1,252	932.61	830.77	607.82	695.82
Net Income Growth	32.09%	34.25%	12.26%	36.68%	-12.65%	-11.32%
Shares Outstanding (Basic)	244	245	247	248	249	244
Shares Change	-0.63%	-0.76%	-0.37%	-0.22%	1.73%	-0.42%
EPS (Basic)	7.24	6.91	5.11	4.50	3.29	3.73
EPS (Diluted)	7.22	6.90	5.09	4.50	3.28	3.71
EPS Growth	33.21%	35.56%	13.11%	37.20%	-11.59%	-10.39%
Free Cash Flow	1,407	1,337	1,056	934.82	482.16	958.48
Free Cash Flow Per Share	5.77	5.45	4.27	3.77	1.94	3.92
Dividend Per Share	2.008	2.008	1.470	1.039	1.130	1.030
Dividend Growth	36.60%	36.60%	41.48%	-8.05%	9.71%	17.85%
Gross Margin	49.94%	49.82%	48.01%	51.28%	51.26%	52.07%
Operating Margin	27.56%	27.30%	24.39%	25.15%	21.10%	24.40%
Profit Margin	21.35%	20.97%	18.30%	19.45%	17.57%	18.47%
Free Cash Flow Margin	22.97%	22.40%	20.73%	21.89%	13.94%	25.45%
Effective Tax Rate	21.07%	21.60%	20.36%	20.11%	8.73%	20.25%
EBITDA	2,343	2,274	1,767	1,529	1,142	1,267
EBITDA Margin	38.25%	38.09%	34.68%	35.80%	33.00%	33.62%
Depreciation & Amortization	673.27	662.31	546.23	455.99	426.64	351.95
EBIT	1,670	1,612	1,221	1,073	715.06	914.56
EBIT Margin	27.26%	27.00%	23.96%	25.13%	20.67%	24.28%

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