InvoCare Ltd
ASX:IVC

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InvoCare Ltd
ASX:IVC
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Price: 12.67 AUD
Market Cap: 1.8B AUD
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Income Statement

Earnings Waterfall
InvoCare Ltd

Revenue
586.9m AUD
Cost of Revenue
-161.9m AUD
Gross Profit
424.9m AUD
Operating Expenses
-377.6m AUD
Operating Income
47.4m AUD
Other Expenses
-27.9m AUD
Net Income
19.4m AUD

Income Statement
InvoCare Ltd

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Income Statement
Currency: AUD
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
Revenue
Revenue
152
N/A
151
-1%
153
+1%
159
+5%
196
+23%
225
+15%
228
+1%
236
+3%
249
+6%
260
+5%
263
+1%
267
+1%
273
+2%
286
+5%
328
+15%
363
+11%
376
+4%
384
+2%
392
+2%
405
+3%
420
+4%
433
+3%
446
+3%
453
+2%
461
+2%
464
+1%
466
+0%
470
+1%
481
+2%
498
+4%
500
+0%
484
-3%
475
-2%
508
+7%
532
+5%
553
+4%
592
+7%
587
-1%
Gross Profit
Cost of Revenue
(23)
(22)
(22)
(23)
(56)
(75)
(65)
(67)
(73)
(77)
(76)
(75)
(76)
(81)
(95)
(105)
(107)
(111)
(113)
(117)
(122)
(125)
(125)
(125)
(127)
(127)
(124)
(123)
(124)
(130)
(125)
(118)
(123)
(128)
(129)
(150)
(149)
(162)
Gross Profit
129
N/A
131
+1%
131
+0%
137
+5%
141
+3%
150
+7%
164
+9%
169
+3%
176
+4%
183
+4%
187
+2%
192
+2%
196
+2%
205
+4%
232
+13%
258
+11%
268
+4%
274
+2%
279
+2%
288
+3%
299
+4%
308
+3%
320
+4%
328
+2%
334
+2%
337
+1%
342
+1%
347
+2%
356
+3%
368
+3%
375
+2%
367
-2%
353
-4%
379
+8%
403
+6%
403
+0%
443
+10%
425
-4%
Operating Income
Operating Expenses
(91)
(90)
(91)
(95)
(95)
(100)
(113)
(118)
(123)
(129)
(132)
(148)
(147)
(141)
(178)
(197)
(192)
(197)
(200)
(206)
(206)
(221)
(228)
(225)
(220)
(202)
(180)
(212)
(276)
(257)
(230)
(305)
(328)
(274)
(288)
(318)
(430)
(378)
Selling, General & Administrative
(75)
(74)
(74)
(77)
(80)
(84)
(94)
(99)
(103)
(108)
(108)
(110)
(112)
(118)
(135)
(151)
(157)
(165)
(167)
(172)
(180)
(188)
(196)
(202)
(204)
(205)
(206)
(208)
(218)
(219)
(223)
(235)
(246)
(257)
(264)
(269)
(305)
(310)
Depreciation & Amortization
(6)
(6)
(6)
(7)
(11)
(12)
(7)
(7)
(8)
(9)
(11)
(11)
(11)
(12)
(14)
(16)
(16)
(17)
(18)
(19)
(19)
(22)
(20)
(21)
(21)
(22)
(21)
(22)
(26)
(33)
(37)
(39)
(43)
(46)
(48)
(47)
(50)
(53)
Other Operating Expenses
(10)
(9)
(11)
(11)
(4)
(4)
(12)
(12)
(12)
(13)
(14)
(27)
(24)
(12)
(28)
(31)
(18)
(16)
(15)
(15)
(6)
(10)
(12)
(3)
5
24
48
19
(32)
(5)
31
(32)
(39)
29
24
(2)
(75)
(15)
Operating Income
38
N/A
39
+2%
40
+2%
42
+5%
46
+10%
50
+9%
51
+1%
51
0%
53
+4%
54
+3%
55
+1%
44
-20%
49
+11%
63
+30%
55
-14%
61
+11%
77
+27%
77
0%
79
+3%
82
+4%
93
+13%
87
-6%
93
+6%
103
+11%
114
+10%
135
+19%
162
+20%
135
-17%
81
-40%
112
+38%
146
+30%
61
-58%
25
-59%
105
+324%
115
+9%
85
-26%
13
-85%
47
+270%
Pre-Tax Income
Interest Income Expense
(12)
(12)
(13)
(12)
(11)
(12)
(12)
(12)
(14)
(13)
(9)
(9)
(10)
(12)
(14)
(16)
(15)
(16)
(14)
(16)
(13)
(15)
(12)
(14)
(11)
(12)
(9)
(8)
(17)
(18)
(23)
(32)
(21)
(15)
(14)
(13)
(14)
(15)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
(1)
(1)
(1)
(1)
(0)
(1)
2
3
(0)
(1)
2
3
2
(0)
(0)
(13)
(14)
(4)
(3)
(26)
(25)
(13)
(13)
5
(43)
(2)
5
Gain/Loss on Disposition of Assets
2
0
2
0
0
0
1
1
(0)
(1)
(0)
1
1
(0)
0
2
2
2
3
2
0
0
0
1
(1)
(1)
3
3
0
(0)
2
4
7
12
7
1
1
0
Total Other Income
0
2
0
0
(0)
(0)
0
0
0
0
0
0
0
0
0
(0)
0
(2)
(2)
0
(2)
0
(2)
(0)
(2)
0
(2)
(8)
(2)
(4)
(2)
6
(3)
(4)
(2)
74
(2)
(10)
Pre-Tax Income
28
N/A
29
+4%
29
-1%
31
+8%
35
+11%
38
+10%
39
+3%
40
+1%
39
-3%
41
+6%
46
+12%
35
-24%
38
+9%
50
+33%
39
-22%
46
+18%
63
+35%
64
+3%
68
+6%
68
-1%
77
+14%
75
-3%
82
+9%
93
+14%
100
+8%
122
+21%
141
+16%
109
-23%
58
-47%
86
+49%
97
+13%
14
-85%
(4)
N/A
85
N/A
111
+30%
104
-6%
(4)
N/A
27
N/A
Net Income
Tax Provision
(9)
(9)
(9)
(10)
(10)
(12)
(12)
(12)
(11)
(11)
(13)
(9)
(10)
(15)
(12)
(13)
(18)
(19)
(19)
(19)
(23)
(23)
(27)
(29)
(29)
(37)
(43)
(32)
(16)
(25)
(33)
(10)
(7)
(36)
(31)
(26)
2
(8)
Income from Continuing Operations
19
20
20
22
24
27
28
28
28
30
33
26
27
35
27
33
45
46
49
48
55
52
55
64
71
85
98
77
41
62
64
5
(11)
50
80
78
(2)
19
Income to Minority Interest
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)
(0)
(0)
(0)
Net Income (Common)
19
N/A
20
+6%
20
-1%
21
+6%
24
+12%
26
+10%
28
+5%
28
+3%
28
-1%
30
+7%
33
+11%
26
-23%
27
+7%
35
+29%
27
-24%
33
+21%
45
+36%
46
+3%
49
+7%
48
-1%
55
+13%
52
-4%
55
+5%
64
+17%
71
+11%
85
+20%
97
+15%
77
-21%
41
-46%
61
+49%
64
+4%
5
-93%
(12)
N/A
50
N/A
80
+62%
77
-3%
(2)
N/A
19
N/A
EPS (Diluted)
0.2
N/A
0.21
+5%
0.21
N/A
0.22
+5%
0.24
+9%
0.27
+13%
0.28
+4%
0.28
N/A
0.28
N/A
0.3
+7%
0.33
+10%
0.25
-24%
0.26
+4%
0.34
+31%
0.25
-26%
0.3
+20%
0.41
+37%
0.42
+2%
0.45
+7%
0.44
-2%
0.5
+14%
0.48
-4%
0.5
+4%
0.58
+16%
0.65
+12%
0.77
+18%
0.88
+14%
0.69
-22%
0.37
-46%
0.54
+46%
0.55
+2%
0.05
-91%
-0.09
N/A
0.35
N/A
0.56
+60%
0.54
-4%
-0.01
N/A
0.14
N/A

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