
Ferrari NV
MIL:RACE

Income Statement
Earnings Waterfall
Ferrari NV
Revenue
|
6.7B
EUR
|
Cost of Revenue
|
-3.3B
EUR
|
Gross Profit
|
3.3B
EUR
|
Operating Expenses
|
-1.5B
EUR
|
Operating Income
|
1.9B
EUR
|
Other Expenses
|
-357.6m
EUR
|
Net Income
|
1.5B
EUR
|
Income Statement
Ferrari NV
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 762
N/A
|
2 763
+0%
|
2 801
+1%
|
2 861
+2%
|
2 854
0%
|
2 909
+2%
|
2 954
+2%
|
3 014
+2%
|
3 105
+3%
|
3 250
+5%
|
3 360
+3%
|
3 412
+2%
|
3 417
+0%
|
3 427
+0%
|
3 413
0%
|
3 415
+0%
|
3 420
+0%
|
3 529
+3%
|
3 607
+2%
|
3 684
+2%
|
3 767
+2%
|
3 759
0%
|
3 346
-11%
|
3 319
-1%
|
3 460
+4%
|
3 539
+2%
|
4 002
+13%
|
4 168
+4%
|
4 271
+2%
|
4 446
+4%
|
4 703
+6%
|
4 899
+4%
|
5 095
+4%
|
5 338
+5%
|
5 520
+3%
|
5 815
+5%
|
5 970
+3%
|
6 126
+3%
|
6 364
+4%
|
6 465
+2%
|
6 677
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 506)
|
(1 483)
|
(1 490)
|
(1 478)
|
(1 354)
|
(1 526)
|
(1 531)
|
(1 555)
|
(1 473)
|
(1 644)
|
(1 682)
|
(1 681)
|
(1 671)
|
(1 644)
|
(1 617)
|
(1 622)
|
(1 621)
|
(1 694)
|
(1 743)
|
(1 767)
|
(1 805)
|
(1 795)
|
(1 613)
|
(1 613)
|
(1 686)
|
(1 719)
|
(1 918)
|
(2 016)
|
(2 081)
|
(2 185)
|
(2 366)
|
(2 497)
|
(2 649)
|
(2 772)
|
(2 819)
|
(2 943)
|
(2 996)
|
(3 066)
|
(3 197)
|
(3 245)
|
(3 329)
|
|
Gross Profit |
1 256
N/A
|
1 281
+2%
|
1 311
+2%
|
1 383
+6%
|
1 501
+8%
|
1 383
-8%
|
1 423
+3%
|
1 459
+3%
|
1 632
+12%
|
1 606
-2%
|
1 678
+5%
|
1 731
+3%
|
1 746
+1%
|
1 783
+2%
|
1 795
+1%
|
1 792
0%
|
1 799
+0%
|
1 836
+2%
|
1 865
+2%
|
1 917
+3%
|
1 961
+2%
|
1 964
+0%
|
1 733
-12%
|
1 705
-2%
|
1 773
+4%
|
1 820
+3%
|
2 085
+15%
|
2 151
+3%
|
2 190
+2%
|
2 260
+3%
|
2 337
+3%
|
2 402
+3%
|
2 446
+2%
|
2 566
+5%
|
2 701
+5%
|
2 872
+6%
|
2 974
+4%
|
3 059
+3%
|
3 167
+4%
|
3 219
+2%
|
3 347
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(867)
|
(876)
|
(888)
|
(909)
|
(911)
|
(914)
|
(929)
|
(935)
|
(933)
|
(959)
|
(976)
|
(1 000)
|
(993)
|
(977)
|
(973)
|
(969)
|
(974)
|
(990)
|
(998)
|
(1 027)
|
(1 047)
|
(1 063)
|
(1 047)
|
(1 025)
|
(1 062)
|
(1 063)
|
(1 077)
|
(1 096)
|
(1 122)
|
(1 151)
|
(1 179)
|
(1 216)
|
(1 225)
|
(1 267)
|
(1 287)
|
(1 334)
|
(1 363)
|
(1 391)
|
(1 425)
|
(1 435)
|
(1 468)
|
|
Selling, General & Administrative |
(300)
|
(299)
|
(309)
|
(308)
|
(339)
|
(334)
|
(341)
|
(338)
|
(295)
|
(307)
|
(305)
|
(319)
|
(329)
|
(323)
|
(318)
|
(315)
|
(327)
|
(330)
|
(333)
|
(343)
|
(343)
|
(354)
|
(341)
|
(322)
|
(336)
|
(329)
|
(332)
|
(337)
|
(348)
|
(366)
|
(389)
|
(413)
|
(428)
|
(452)
|
(462)
|
(474)
|
(463)
|
(472)
|
(502)
|
(518)
|
(561)
|
|
Research & Development |
(415)
|
(430)
|
(436)
|
(451)
|
(447)
|
(453)
|
(466)
|
(479)
|
(510)
|
(521)
|
(535)
|
(548)
|
(557)
|
(560)
|
(561)
|
(550)
|
(528)
|
(533)
|
(537)
|
(554)
|
(560)
|
(545)
|
(528)
|
(509)
|
(527)
|
(528)
|
(537)
|
(556)
|
(574)
|
(577)
|
(571)
|
(558)
|
(518)
|
(510)
|
(500)
|
(512)
|
(539)
|
(549)
|
(559)
|
(559)
|
(563)
|
|
Depreciation & Amortization |
(125)
|
(121)
|
(120)
|
(119)
|
(115)
|
(113)
|
(109)
|
(105)
|
(104)
|
(107)
|
(109)
|
(106)
|
(101)
|
(98)
|
(100)
|
(107)
|
(115)
|
(122)
|
(122)
|
(124)
|
(140)
|
(151)
|
(164)
|
(178)
|
(181)
|
(187)
|
(191)
|
(186)
|
(194)
|
(200)
|
(209)
|
(234)
|
(258)
|
(283)
|
(302)
|
(329)
|
(343)
|
(349)
|
(350)
|
(342)
|
(331)
|
|
Other Operating Expenses |
(26)
|
(26)
|
(24)
|
(31)
|
(11)
|
(14)
|
(12)
|
(14)
|
(25)
|
(23)
|
(28)
|
(27)
|
(7)
|
4
|
6
|
2
|
(3)
|
(6)
|
(6)
|
(7)
|
(5)
|
(14)
|
(15)
|
(16)
|
(18)
|
(19)
|
(17)
|
(17)
|
(6)
|
(8)
|
(9)
|
(11)
|
(22)
|
(23)
|
(23)
|
(18)
|
(19)
|
(20)
|
(14)
|
(16)
|
(12)
|
|
Operating Income |
389
N/A
|
405
+4%
|
422
+4%
|
475
+12%
|
589
+24%
|
470
-20%
|
494
+5%
|
525
+6%
|
698
+33%
|
647
-7%
|
702
+8%
|
732
+4%
|
753
+3%
|
806
+7%
|
822
+2%
|
823
+0%
|
825
+0%
|
845
+2%
|
867
+3%
|
890
+3%
|
914
+3%
|
901
-1%
|
685
-24%
|
680
-1%
|
711
+5%
|
757
+6%
|
1 007
+33%
|
1 055
+5%
|
1 069
+1%
|
1 109
+4%
|
1 158
+4%
|
1 186
+2%
|
1 221
+3%
|
1 299
+6%
|
1 414
+9%
|
1 538
+9%
|
1 611
+5%
|
1 668
+4%
|
1 742
+4%
|
1 785
+2%
|
1 880
+5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
9
|
10
|
1
|
(3)
|
(155)
|
(21)
|
(18)
|
(30)
|
(94)
|
(19)
|
(26)
|
(23)
|
(7)
|
(28)
|
(19)
|
(17)
|
(21)
|
(22)
|
(29)
|
(37)
|
(39)
|
(45)
|
(45)
|
(43)
|
(44)
|
(40)
|
(38)
|
(35)
|
(26)
|
(25)
|
(24)
|
(28)
|
(43)
|
(40)
|
(39)
|
(23)
|
(9)
|
(6)
|
2
|
(0)
|
9
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
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 |
398
N/A
|
416
+4%
|
424
+2%
|
471
+11%
|
434
-8%
|
449
+3%
|
476
+6%
|
495
+4%
|
567
+15%
|
629
+11%
|
676
+8%
|
709
+5%
|
746
+5%
|
778
+4%
|
803
+3%
|
806
+0%
|
803
0%
|
823
+3%
|
838
+2%
|
852
+2%
|
875
+3%
|
857
-2%
|
640
-25%
|
637
0%
|
667
+5%
|
717
+8%
|
969
+35%
|
1 021
+5%
|
1 042
+2%
|
1 084
+4%
|
1 134
+5%
|
1 158
+2%
|
1 178
+2%
|
1 259
+7%
|
1 375
+9%
|
1 515
+10%
|
1 602
+6%
|
1 662
+4%
|
1 744
+5%
|
1 784
+2%
|
1 889
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(133)
|
(140)
|
(146)
|
(157)
|
(144)
|
(146)
|
(151)
|
(152)
|
(168)
|
(182)
|
(192)
|
(197)
|
(213)
|
(221)
|
(222)
|
(77)
|
(16)
|
(4)
|
3
|
(130)
|
(177)
|
(173)
|
(130)
|
(125)
|
(58)
|
(68)
|
(124)
|
(139)
|
(209)
|
(218)
|
(222)
|
(226)
|
(238)
|
(262)
|
(294)
|
(331)
|
(345)
|
(349)
|
(352)
|
(350)
|
(363)
|
|
Income from Continuing Operations |
265
|
276
|
278
|
314
|
290
|
303
|
325
|
343
|
400
|
446
|
484
|
511
|
533
|
557
|
581
|
729
|
787
|
819
|
842
|
723
|
699
|
684
|
510
|
512
|
609
|
649
|
846
|
881
|
833
|
867
|
911
|
932
|
939
|
997
|
1 081
|
1 185
|
1 257
|
1 313
|
1 392
|
1 435
|
1 526
|
|
Income to Minority Interest |
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(4)
|
(4)
|
(5)
|
(3)
|
(0)
|
0
|
1
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(7)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
|
Net Income (Common) |
261
N/A
|
272
+4%
|
275
+1%
|
313
+14%
|
290
-7%
|
301
+4%
|
323
+7%
|
342
+6%
|
399
+17%
|
445
+12%
|
483
+9%
|
511
+6%
|
535
+5%
|
559
+4%
|
584
+4%
|
730
+25%
|
785
+7%
|
815
+4%
|
837
+3%
|
718
-14%
|
696
-3%
|
684
-2%
|
510
-25%
|
513
+1%
|
608
+18%
|
647
+6%
|
844
+30%
|
879
+4%
|
831
-5%
|
864
+4%
|
907
+5%
|
927
+2%
|
933
+1%
|
990
+6%
|
1 074
+9%
|
1 178
+10%
|
1 252
+6%
|
1 308
+4%
|
1 387
+6%
|
1 431
+3%
|
1 522
+6%
|
|
EPS (Diluted) |
1.38
N/A
|
1.44
+4%
|
1.46
+1%
|
1.66
+14%
|
1.52
-8%
|
1.6
+5%
|
1.72
+7%
|
1.82
+6%
|
2.11
+16%
|
2.36
+12%
|
2.56
+8%
|
2.7
+5%
|
2.82
+4%
|
2.94
+4%
|
3.08
+5%
|
3.87
+26%
|
4.14
+7%
|
4.31
+4%
|
4.43
+3%
|
3.83
-14%
|
3.71
-3%
|
3.68
-1%
|
2.76
-25%
|
2.76
N/A
|
3.28
+19%
|
3.5
+7%
|
4.56
+30%
|
4.75
+4%
|
4.5
-5%
|
4.7
+4%
|
4.94
+5%
|
5.07
+3%
|
5.09
+0%
|
5.42
+6%
|
5.9
+9%
|
6.48
+10%
|
6.9
+6%
|
7.25
+5%
|
7.68
+6%
|
7.94
+3%
|
8.46
+7%
|