Income Statement (TTM)
Ballard Power Systems Inc. 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 |
2023 12-31 |
2024 03-31 |
2024 06-30 |
2024 09-30 |
2024 12-31 |
2025 03-31 |
2025 06-30 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 117 | 104 | 98 | 97 | 96 | 105 | 108 | 104 | 100 | 82 | 74 | 68 | 74 | 102 | 104 | 104 | 92 | 70 | 71 | 73 |
| Change (%) | -11.25 | -6.03 | -0.84 | -0.42 | 8.42 | 3.28 | -3.73 | -3.73 | -18.16 | -9.53 | -7.59 | 8.35 | 38.05 | 1.18 | 0.67 | -11.80 | -24.17 | 1.34 | 2.60 | |
| % 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 | 100.00 | 100.00 |
| Cost Of Sales | 93 | 83 | 79 | 80 | 82 | 90 | 97 | 99 | 102 | 95 | 93 | 88 | 92 | 124 | 125 | 128 | 121 | 92 | 91 | 89 |
| Change (%) | -11.00 | -4.65 | 1.14 | 1.95 | 11.02 | 6.92 | 2.03 | 3.77 | -7.09 | -2.51 | -5.00 | 4.33 | 35.07 | 0.81 | 2.10 | -5.44 | -24.13 | -0.95 | -1.97 | |
| % of Revenue | 79.57 | 79.80 | 80.97 | 82.59 | 84.56 | 86.59 | 89.64 | 95.00 | 102.40 | 116.26 | 125.28 | 128.78 | 124.00 | 121.33 | 120.88 | 122.60 | 131.45 | 131.52 | 128.55 | 122.82 |
| Gross Operating Profit | 24 | 21 | 19 | 17 | 15 | 14 | 11 | 5 | -2 | -13 | -19 | -20 | -18 | -22 | -22 | -24 | -29 | -22 | -20 | -17 |
| Change (%) | -12.23 | -11.49 | -9.29 | -11.67 | -5.83 | -20.20 | -53.56 | -146.31 | 453.35 | 40.67 | 5.23 | -9.66 | 22.67 | -0.94 | 8.98 | 22.72 | -24.00 | -8.22 | -17.99 | |
| % of Revenue | 20.43 | 20.20 | 19.03 | 17.41 | 15.44 | 13.41 | 10.36 | 5.00 | -2.40 | -16.26 | -25.28 | -28.78 | -24.00 | -21.33 | -20.88 | -22.60 | -31.45 | -31.52 | -28.55 | -22.82 |
| SG&A | 24 | 25 | 25 | 29 | 35 | 38 | 40 | 42 | 44 | 39 | 40 | 38 | 37 | 39 | 39 | 40 | 36 | 37 | 34 | 31 |
| Change (%) | 4.82 | 0.13 | 16.99 | 18.14 | 8.94 | 5.87 | 4.45 | 4.23 | -10.48 | 1.36 | -3.41 | -4.42 | 6.60 | 0.91 | 1.14 | -8.36 | 1.52 | -7.90 | -9.76 | |
| % of Revenue | 20.48 | 24.19 | 25.77 | 30.41 | 36.07 | 36.25 | 37.16 | 40.32 | 43.65 | 47.74 | 53.49 | 55.91 | 49.32 | 38.08 | 37.98 | 38.16 | 39.65 | 53.09 | 48.25 | 42.43 |
| R&D | 33 | 36 | 38 | 45 | 54 | 62 | 72 | 84 | 93 | 90 | 93 | 92 | 91 | 98 | 99 | 99 | 99 | 94 | 87 | 80 |
| Change (%) | 8.67 | 8.11 | 17.32 | 19.98 | 15.01 | 16.32 | 16.42 | 10.33 | -3.41 | 3.97 | -1.42 | -1.52 | 8.56 | 0.64 | 0.23 | -0.13 | -4.59 | -7.62 | -8.43 | |
| % of Revenue | 27.92 | 34.19 | 39.34 | 46.54 | 56.08 | 59.48 | 66.99 | 81.02 | 92.85 | 109.60 | 125.96 | 134.36 | 122.11 | 96.03 | 95.52 | 95.11 | 107.70 | 135.51 | 123.52 | 110.24 |
| OpEx | 150 | 144 | 143 | 154 | 170 | 191 | 209 | 225 | 239 | 224 | 226 | 218 | 219 | 263 | 267 | 270 | 267 | 236 | 223 | 211 |
| Change (%) | -4.29 | -0.79 | 8.25 | 10.29 | 11.86 | 9.78 | 7.46 | 6.31 | -6.27 | 0.76 | -3.23 | 0.35 | 19.97 | 1.39 | 1.24 | -0.96 | -11.74 | -5.37 | -5.38 | |
| % of Revenue | 128.41 | 138.48 | 146.20 | 159.61 | 176.77 | 182.37 | 193.84 | 216.39 | 238.96 | 273.68 | 304.82 | 319.18 | 295.61 | 256.90 | 257.44 | 258.92 | 290.75 | 338.42 | 316.01 | 291.43 |
| Operating Income | -33 | -40 | -45 | -58 | -74 | -86 | -101 | -121 | -139 | -142 | -152 | -150 | -145 | -161 | -163 | -166 | -175 | -166 | -153 | -139 |
| Change (%) | 20.22 | 12.82 | 27.95 | 28.26 | 16.33 | 17.66 | 19.40 | 14.94 | 2.29 | 6.69 | -1.11 | -3.30 | 10.73 | 1.53 | 1.61 | 5.87 | -5.22 | -8.18 | -9.07 | |
| % of Revenue | -28.41 | -38.48 | -46.20 | -59.61 | -76.77 | -82.37 | -93.84 | -116.39 | -138.96 | -173.68 | -204.82 | -219.18 | -195.61 | -156.90 | -157.44 | -158.92 | -190.75 | -238.42 | -216.01 | -191.43 |
| Interest Expense | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -2 | -2 | -2 | -2 | -2 |
| Change (%) | -2.10 | -2.15 | 1.10 | 1.24 | -0.84 | 2.40 | -1.66 | -0.84 | -2.09 | -5.06 | -3.83 | -2.94 | -1.43 | 13.39 | 26.18 | 18.72 | 14.33 | 3.49 | -4.28 | |
| % of Revenue | -1.14 | -1.25 | -1.31 | -1.33 | -1.35 | -1.24 | -1.23 | -1.25 | -1.29 | -1.55 | -1.62 | -1.69 | -1.51 | -1.08 | -1.21 | -1.52 | -2.04 | -3.08 | -3.14 | -2.93 |
| Net Income | -47 | -51 | -56 | -66 | -85 | -114 | -137 | -171 | -183 | -173 | -167 | -141 | -161 | -178 | -185 | -186 | -329 | -324 | -304 | -297 |
| Change (%) | 9.40 | 8.05 | 18.88 | 28.93 | 34.25 | 19.92 | 24.73 | 7.04 | -5.14 | -3.73 | -15.38 | 13.85 | 10.45 | 4.15 | 0.74 | 76.46 | -1.45 | -6.25 | -2.36 | |
| % of Revenue | -40.12 | -49.46 | -56.87 | -68.18 | -88.28 | -109.31 | -126.92 | -164.45 | -182.85 | -211.94 | -225.53 | -206.50 | -216.97 | -173.61 | -178.70 | -178.83 | -357.78 | -464.99 | -430.16 | -409.35 |
Source: Capital IQ
