105 Income Statement - TTM - Associated International Hotels Limited

Income Statement (TTM)

Associated International Hotels Limited Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31
Revenue	531	483	434	393	352	326	301	298	295	297	299	296	293	292	294	297	298	299
Change (%)		-9.12	-10.03	-9.52	-10.52	-7.14	-7.69	-1.06	-1.07	0.74	0.73	-1.04	-1.05	-0.31	0.79	0.79	0.38	0.37
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	101	97	92	87	82	86	89	88	88	87	85	88	90	94	95	95	95	94
Change (%)		-4.13	-4.31	-5.59	-5.93	4.35	4.17	-0.85	-0.85	-1.31	-1.33	2.53	2.47	5.15	0.48	0.47	-0.38	-0.38
% of Revenue	18.96	20.00	21.27	22.20	23.34	26.22	29.59	29.66	29.72	29.12	28.52	29.55	30.60	32.28	32.18	32.08	31.84	31.60

Gross Operating Profit	430	386	342	306	269	241	212	210	207	211	214	209	203	198	200	202	203	205
Change (%)		-10.29	-11.47	-10.58	-11.83	-10.64	-11.90	-1.15	-1.16	1.61	1.58	-2.47	-2.53	-2.71	0.94	0.94	0.73	0.73
% of Revenue	81.04	80.00	78.73	77.80	76.66	73.78	70.41	70.34	70.28	70.88	71.48	70.45	69.40	67.72	67.82	67.92	68.16	68.40

SG&A	36	35	35	36	37	38	39	39	39	39	39	39	39	39	39	39	39	40
Change (%)		-1.47	-1.50	3.75	3.62	1.98	1.94	0.43	0.43	0.11	0.11	-0.04	-0.04	-0.07	0.22	0.22	0.83	0.82
% of Revenue	6.70	7.26	7.95	9.12	10.56	11.60	12.81	13.00	13.20	13.11	13.03	13.16	13.30	13.33	13.25	13.18	13.24	13.30

R&D
Change (%)
% of Revenue

OpEx	132	129	126	122	119	122	126	126	125	124	123	125	127	131	132	132	132	133
Change (%)		-2.34	-2.39	-2.77	-2.85	3.26	3.15	-0.48	-0.48	-0.84	-0.85	1.72	1.69	3.33	0.30	0.30	0.12	0.12
% of Revenue	24.80	26.65	28.91	31.07	33.73	37.51	41.92	42.16	42.42	41.75	41.10	42.24	43.42	45.00	44.78	44.56	44.45	44.33

Operating Income	399	354	309	271	233	204	175	172	170	173	176	171	166	161	163	165	165	166
Change (%)		-11.36	-12.81	-12.27	-13.98	-12.43	-14.20	-1.48	-1.51	1.90	1.87	-2.97	-3.06	-3.10	1.20	1.19	0.58	0.58
% of Revenue	75.20	73.35	71.09	68.93	66.27	62.49	58.08	57.84	57.58	58.25	58.90	57.76	56.58	55.00	55.22	55.44	55.55	55.67

Interest Expense	-5	-4	-3	-2	-2	-2	-2	-2	-3	-4	-6	-8	-9	-11	-11	-11	-11	-11
Change (%)		-19.83	-24.73	-13.94	-16.20	-0.15	-0.15	18.62	15.70	55.20	35.57	30.79	23.54	20.24	0.59	0.59	-3.97	-4.13
% of Revenue	-0.87	-0.77	-0.64	-0.61	-0.57	-0.62	-0.67	-0.80	-0.94	-1.44	-1.94	-2.56	-3.20	-3.86	-3.85	-3.85	-3.68	-3.51

Net Income	-1,179	-1,352	-1,526	-1,453	-1,381	-1,251	-1,121	-1,437	-1,753	-1,669	-1,585	-794	-4	377	-97	-571	-566	-561
Change (%)		14.67	12.80	-4.75	-4.98	-9.41	-10.39	28.20	22.00	-4.80	-5.04	-49.87	-99.49	-9,318.47	-125.80	487.52	-0.93	-0.93
% of Revenue	-222.09	-280.23	-351.35	-369.89	-392.79	-383.17	-371.96	-481.97	-594.36	-561.69	-529.50	-268.23	-1.39	128.96	-33.02	-192.47	-189.97	-187.50

Source: Capital IQ

Associated International Hotels Limited - Income Statement (TTM)

Income Statement (TTM)