Volvo AB (VLVLY)

Volvo AB Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	551,948	552,764	473,479	372,216	338,446	431,980
Revenue Growth (YoY)	5.85%	16.75%	27.21%	9.98%	-21.65%	10.53%
Cost of Revenue	400,083	403,443	361,741	282,463	259,319	326,895
Gross Profit	151,865	149,321	111,738	89,753	79,127	105,085
Selling, General & Admin	42,696	42,497	34,924	28,829	31,131	38,938
Research & Development	28,882	26,645	22,526	18,027	16,798	18,539
Other Operating Expenses	0	0	4,641	779	2,066	978
Operating Expenses	72,758	69,142	62,091	47,635	49,995	58,455
Operating Income	78,421	80,179	45,712	43,074	27,484	49,531
Interest Income	2,977	2,690	1,008	358	299	320
Interest Expense	1,906	1,167	1,205	1,167	1,349	1,674
Other Expense / Income	5,084	15,083	685	-469	1,273	1,979
Pretax Income	76,397	69,294	45,077	43,190	25,917	46,832
Income Tax	18,632	16,794	12,108	9,947	5,843	10,337
Net Income	55,776	49,825	32,722	32,787	19,318	35,861
Net Income Growth	43.28%	52.27%	-0.20%	69.72%	-46.13%	44.04%
Shares Outstanding (Basic)	2,033	2,033	2,033	2,033	2,033	2,033
Shares Outstanding (Diluted)	2,033	2,033	2,033	2,033	2,033	2,033
Shares Change	-	-0.02%	-	-	0.00%	0.02%
EPS (Basic)	27.43	24.51	16.09	16.12	9.50	17.64
EPS (Diluted)	27.43	24.51	16.09	16.12	9.50	17.64
EPS Growth	43.24%	52.33%	-0.19%	69.68%	-46.15%	44.00%
Free Cash Flow	13,523	-1,990	7,398	11,808	13,290	17,038
Free Cash Flow Per Share	6.65	-0.98	3.64	5.81	6.54	8.38
Gross Margin	27.51%	27.01%	23.60%	24.11%	23.38%	24.33%
Operating Margin	14.21%	14.51%	9.65%	11.57%	8.12%	11.47%
Profit Margin	10.11%	9.01%	6.91%	8.81%	5.71%	8.30%
Free Cash Flow Margin	2.45%	-0.36%	1.56%	3.17%	3.93%	3.94%
Effective Tax Rate	24.39%	24.24%	26.86%	23.03%	22.55%	22.07%
EBITDA	100,713	98,532	69,725	61,096	51,659	69,227
EBITDA Margin	18.25%	17.83%	14.73%	16.41%	15.26%	16.03%
Depreciation & Amortization	21,704	18,353	20,729	18,720	20,599	20,586
EBIT	79,009	80,179	48,996	42,376	31,060	48,641
EBIT Margin	14.31%	14.51%	10.35%	11.38%	9.18%	11.26%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.