
Cochlear Ltd
ASX:COH

Income Statement
Earnings Waterfall
Cochlear Ltd
Revenue
|
2.3B
AUD
|
Cost of Revenue
|
-560m
AUD
|
Gross Profit
|
1.7B
AUD
|
Operating Expenses
|
-1.2B
AUD
|
Operating Income
|
536.3m
AUD
|
Other Expenses
|
-165.8m
AUD
|
Net Income
|
370.5m
AUD
|
Income Statement
Cochlear Ltd
Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
312
N/A
|
349
+12%
|
405
+16%
|
452
+12%
|
507
+12%
|
559
+10%
|
581
+4%
|
602
+4%
|
659
+10%
|
695
+5%
|
687
-1%
|
735
+7%
|
764
+4%
|
810
+6%
|
820
+1%
|
779
-5%
|
783
+1%
|
753
-4%
|
732
-3%
|
805
+10%
|
872
+8%
|
926
+6%
|
1 045
+13%
|
1 131
+8%
|
1 182
+5%
|
1 254
+6%
|
1 294
+3%
|
1 364
+5%
|
1 418
+4%
|
1 427
+1%
|
1 479
+4%
|
1 321
-11%
|
1 308
-1%
|
1 498
+14%
|
1 575
+5%
|
1 648
+5%
|
1 713
+4%
|
1 936
+13%
|
2 149
+11%
|
2 236
+4%
|
2 309
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(95)
|
(100)
|
(111)
|
(131)
|
(154)
|
(161)
|
(165)
|
(169)
|
(192)
|
(196)
|
(187)
|
(202)
|
(206)
|
(229)
|
(228)
|
(203)
|
(208)
|
(208)
|
(226)
|
(247)
|
(249)
|
(265)
|
(306)
|
(317)
|
(324)
|
(352)
|
(354)
|
(358)
|
(361)
|
(345)
|
(357)
|
(336)
|
(347)
|
(399)
|
(400)
|
(398)
|
(420)
|
(483)
|
(528)
|
(540)
|
(560)
|
|
Gross Profit |
215
N/A
|
249
+16%
|
294
+18%
|
321
+9%
|
353
+10%
|
398
+13%
|
416
+5%
|
433
+4%
|
468
+8%
|
499
+7%
|
500
+0%
|
533
+7%
|
558
+5%
|
581
+4%
|
593
+2%
|
576
-3%
|
575
0%
|
545
-5%
|
506
-7%
|
558
+10%
|
623
+12%
|
660
+6%
|
739
+12%
|
813
+10%
|
857
+5%
|
902
+5%
|
940
+4%
|
1 005
+7%
|
1 057
+5%
|
1 082
+2%
|
1 121
+4%
|
984
-12%
|
961
-2%
|
1 099
+14%
|
1 175
+7%
|
1 250
+6%
|
1 292
+3%
|
1 453
+12%
|
1 622
+12%
|
1 696
+5%
|
1 749
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(161)
|
(167)
|
(195)
|
(213)
|
(231)
|
(245)
|
(259)
|
(270)
|
(295)
|
(324)
|
(312)
|
(313)
|
(324)
|
(341)
|
(362)
|
(360)
|
(360)
|
(363)
|
(383)
|
(404)
|
(418)
|
(445)
|
(496)
|
(543)
|
(561)
|
(578)
|
(614)
|
(657)
|
(694)
|
(723)
|
(756)
|
(743)
|
(766)
|
(743)
|
(789)
|
(856)
|
(926)
|
(1 042)
|
(1 131)
|
(1 164)
|
(1 213)
|
|
Selling, General & Administrative |
(118)
|
(126)
|
(146)
|
(155)
|
(164)
|
(180)
|
(191)
|
(193)
|
(212)
|
(230)
|
(227)
|
(228)
|
(229)
|
(240)
|
(248)
|
(243)
|
(241)
|
(241)
|
(256)
|
(279)
|
(296)
|
(320)
|
(363)
|
(405)
|
(421)
|
(430)
|
(456)
|
(494)
|
(525)
|
(546)
|
(574)
|
(564)
|
(536)
|
(556)
|
(594)
|
(658)
|
(725)
|
(810)
|
(874)
|
(898)
|
(936)
|
|
Research & Development |
(43)
|
(42)
|
(50)
|
(59)
|
(68)
|
(66)
|
(70)
|
(80)
|
(86)
|
(97)
|
(95)
|
(95)
|
(102)
|
(109)
|
(115)
|
(119)
|
(121)
|
(125)
|
(130)
|
(128)
|
(124)
|
(128)
|
(137)
|
(143)
|
(145)
|
(152)
|
(160)
|
(168)
|
(175)
|
(184)
|
(191)
|
(185)
|
(179)
|
(195)
|
(205)
|
(211)
|
(215)
|
(245)
|
(270)
|
(277)
|
(294)
|
|
Other Operating Expenses |
0
|
1
|
1
|
1
|
1
|
1
|
2
|
3
|
3
|
3
|
10
|
9
|
8
|
8
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
4
|
5
|
6
|
4
|
3
|
5
|
6
|
7
|
8
|
6
|
(50)
|
8
|
11
|
12
|
14
|
14
|
12
|
11
|
17
|
|
Operating Income |
56
N/A
|
82
+47%
|
100
+21%
|
108
+9%
|
122
+13%
|
154
+26%
|
158
+3%
|
163
+3%
|
172
+6%
|
175
+2%
|
188
+8%
|
219
+16%
|
235
+7%
|
240
+2%
|
231
-4%
|
216
-7%
|
215
0%
|
181
-16%
|
123
-32%
|
154
+25%
|
206
+33%
|
215
+5%
|
244
+13%
|
270
+11%
|
297
+10%
|
324
+9%
|
326
+1%
|
348
+7%
|
363
+4%
|
360
-1%
|
365
+2%
|
241
-34%
|
196
-19%
|
356
+82%
|
386
+8%
|
394
+2%
|
367
-7%
|
412
+12%
|
491
+19%
|
532
+8%
|
536
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
0
|
(1)
|
0
|
(5)
|
(10)
|
(5)
|
(6)
|
1
|
2
|
(6)
|
(10)
|
(11)
|
(5)
|
(6)
|
(5)
|
(5)
|
(9)
|
(10)
|
(13)
|
(13)
|
(9)
|
(3)
|
0
|
(2)
|
(6)
|
(10)
|
(10)
|
(12)
|
2
|
35
|
(7)
|
28
|
26
|
3
|
11
|
(8)
|
(10)
|
(3)
|
3
|
7
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(139)
|
(139)
|
0
|
0
|
(23)
|
(24)
|
(3)
|
(10)
|
(13)
|
(16)
|
(14)
|
(9)
|
(4)
|
3
|
7
|
4
|
6
|
(505)
|
(470)
|
(16)
|
(31)
|
(11)
|
(8)
|
(5)
|
(19)
|
(50)
|
(42)
|
|
Total Other Income |
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
57
N/A
|
82
+45%
|
99
+20%
|
109
+10%
|
118
+8%
|
143
+22%
|
152
+6%
|
157
+3%
|
173
+10%
|
176
+2%
|
182
+3%
|
209
+15%
|
224
+7%
|
235
+5%
|
86
-63%
|
72
-16%
|
210
+191%
|
173
-18%
|
90
-48%
|
117
+31%
|
190
+62%
|
196
+3%
|
228
+16%
|
254
+12%
|
281
+11%
|
309
+10%
|
312
+1%
|
341
+9%
|
358
+5%
|
366
+2%
|
406
+11%
|
(271)
N/A
|
(247)
+9%
|
366
N/A
|
358
-2%
|
394
+10%
|
351
-11%
|
397
+13%
|
469
+18%
|
485
+3%
|
501
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(15)
|
(24)
|
(30)
|
(31)
|
(35)
|
(46)
|
(45)
|
(42)
|
(45)
|
(46)
|
(47)
|
(54)
|
(57)
|
(55)
|
(13)
|
(15)
|
(55)
|
(40)
|
(14)
|
(23)
|
(46)
|
(50)
|
(59)
|
(65)
|
(75)
|
(85)
|
(84)
|
(88)
|
(94)
|
(89)
|
(100)
|
33
|
87
|
(39)
|
(98)
|
(105)
|
(89)
|
(96)
|
(119)
|
(128)
|
(131)
|
|
Income from Continuing Operations |
42
|
59
|
69
|
78
|
83
|
98
|
108
|
115
|
128
|
131
|
136
|
155
|
167
|
180
|
73
|
57
|
155
|
133
|
76
|
94
|
144
|
146
|
169
|
189
|
206
|
224
|
229
|
252
|
264
|
277
|
306
|
(238)
|
(160)
|
327
|
260
|
289
|
261
|
301
|
350
|
357
|
371
|
|
Income to Minority Interest |
1
|
1
|
2
|
2
|
3
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
43
N/A
|
60
+39%
|
71
+18%
|
80
+14%
|
85
+6%
|
100
+18%
|
108
+8%
|
115
+6%
|
128
+11%
|
131
+2%
|
136
+4%
|
155
+14%
|
167
+8%
|
180
+8%
|
73
-60%
|
57
-22%
|
155
+173%
|
133
-14%
|
76
-43%
|
94
+23%
|
144
+54%
|
146
+1%
|
169
+16%
|
189
+12%
|
206
+9%
|
224
+8%
|
223
0%
|
246
+10%
|
264
+7%
|
277
+5%
|
306
+11%
|
(238)
N/A
|
(160)
+33%
|
327
N/A
|
260
-20%
|
289
+11%
|
261
-10%
|
301
+15%
|
350
+17%
|
357
+2%
|
371
+4%
|
|
EPS (Diluted) |
0.79
N/A
|
1.1
+39%
|
1.29
+17%
|
1.46
+13%
|
1.54
+5%
|
1.8
+17%
|
1.95
+8%
|
2.07
+6%
|
2.29
+11%
|
2.33
+2%
|
2.41
+3%
|
2.74
+14%
|
2.94
+7%
|
3.16
+7%
|
1.27
-60%
|
0.99
-22%
|
2.71
+174%
|
2.32
-14%
|
1.33
-43%
|
1.64
+23%
|
2.52
+54%
|
2.55
+1%
|
2.94
+15%
|
3.3
+12%
|
3.6
+9%
|
3.89
+8%
|
3.87
-1%
|
4.26
+10%
|
4.59
+8%
|
4.79
+4%
|
5.29
+10%
|
-4
N/A
|
-2.43
+39%
|
4.97
N/A
|
3.95
-21%
|
4.4
+11%
|
3.97
-10%
|
4.56
+15%
|
5.32
+17%
|
5.43
+2%
|
5.64
+4%
|