TPI Composites, Inc. (TPIC)

TPI Composites Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	1,455	1,523	1,472	1,143	1,437
Revenue Growth (YoY)	-4.44%	3.42%	28.81%	-20.43%	39.52%
Cost of Revenue	1,543	1,508	1,510	1,159	1,359
Gross Profit	-87.55	14.65	-37.6	-16.23	77.85
Selling, General & Admin	49.13	32.35	29.25	33.5	39.92
Other Operating Expenses	26.91	10.11	24.98	5.95	22.04
Operating Expenses	76.05	42.45	54.23	39.45	61.96
Operating Income	-163.59	-27.81	-91.83	-55.67	15.89
Interest Expense / Income	12.11	5.03	13.64	10.38	8.02
Other Expense / Income	-15.66	61.76	30.29	-54.44	0.46
Pretax Income	-160.05	-94.6	-135.76	-11.61	7.41
Income Tax	17.56	29.61	29.83	7.41	23.12
Net Income	-177.61	-124.21	-165.59	-19.03	-15.71
Shares Outstanding (Basic)	43	42	37	36	35
Shares Outstanding (Diluted)	43	42	37	36	35
Shares Change	1.70%	12.14%	5.30%	1.34%	-2.61%
EPS (Basic)	-4.16	-2.96	-4.43	-0.54	-0.45
EPS (Diluted)	-4.16	-2.96	-4.43	-0.54	-0.45
Free Cash Flow	-117.11	-81.1	-62.64	-28.1	-17.32
Free Cash Flow Per Share	-2.74	-1.93	-1.67	-0.79	-0.49
Gross Margin	-6.02%	0.96%	-2.55%	-1.42%	5.42%
Operating Margin	-11.24%	-1.83%	-6.24%	-4.87%	1.11%
Profit Margin	-12.21%	-8.16%	-11.25%	-1.66%	-1.09%
Free Cash Flow Margin	-8.05%	-5.33%	-4.25%	-2.46%	-1.21%
Effective Tax Rate	-	-	-	-	312.07%
EBITDA	-109.07	-44.09	-69.53	48.43	54.01
EBITDA Margin	-7.50%	-2.90%	-4.72%	4.24%	3.76%
Depreciation & Amortization	38.87	45.48	52.59	49.67	38.58
EBIT	-147.94	-89.57	-122.12	-1.24	15.43
EBIT Margin	-10.17%	-5.88%	-8.29%	-0.11%	1.07%

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).