
Synlait Milk Ltd
NZX:SML

Income Statement
Earnings Waterfall
Synlait Milk Ltd
Revenue
|
1.6B
NZD
|
Cost of Revenue
|
-1.6B
NZD
|
Gross Profit
|
56m
NZD
|
Operating Expenses
|
-124.2m
NZD
|
Operating Income
|
-68.2m
NZD
|
Other Expenses
|
-113.9m
NZD
|
Net Income
|
-182.1m
NZD
|
Income Statement
Synlait Milk Ltd
Jul-2013 | Jan-2014 | Jul-2014 | Jan-2015 | Jul-2015 | Jan-2016 | Jul-2016 | Jan-2017 | Jul-2017 | Jan-2018 | Jul-2018 | Jan-2019 | Jul-2019 | Jan-2020 | Jul-2020 | Jan-2021 | Jul-2021 | Jan-2022 | Jul-2022 | Jan-2023 | Jul-2023 | Jan-2024 | Jul-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||
Revenue |
420
N/A
|
528
+26%
|
601
+14%
|
513
-15%
|
448
-13%
|
464
+4%
|
547
+18%
|
622
+14%
|
759
+22%
|
910
+20%
|
879
-3%
|
911
+4%
|
1 024
+12%
|
1 113
+9%
|
1 302
+17%
|
1 407
+8%
|
1 367
-3%
|
1 494
+9%
|
1 397
-6%
|
1 239
-11%
|
1 604
+29%
|
1 624
+1%
|
1 637
+1%
|
|
Gross Profit | ||||||||||||||||||||||||
Cost of Revenue |
(355)
|
(456)
|
(523)
|
(449)
|
(377)
|
(378)
|
(446)
|
(520)
|
(647)
|
(755)
|
(713)
|
(743)
|
(838)
|
(929)
|
(1 098)
|
(1 226)
|
(1 300)
|
(1 417)
|
(1 273)
|
(1 115)
|
(1 460)
|
(1 521)
|
(1 581)
|
|
Gross Profit |
65
N/A
|
72
+11%
|
77
+7%
|
64
-17%
|
71
+12%
|
86
+21%
|
100
+17%
|
102
+2%
|
112
+9%
|
154
+38%
|
166
+8%
|
167
+0%
|
186
+11%
|
183
-2%
|
204
+11%
|
181
-11%
|
67
-63%
|
77
+14%
|
124
+62%
|
124
0%
|
144
+16%
|
103
-29%
|
56
-45%
|
|
Operating Income | ||||||||||||||||||||||||
Operating Expenses |
(37)
|
(40)
|
(45)
|
(45)
|
(44)
|
(40)
|
(38)
|
(43)
|
(44)
|
(47)
|
(54)
|
(58)
|
(61)
|
(67)
|
(80)
|
(85)
|
(84)
|
(73)
|
(56)
|
(75)
|
(106)
|
(107)
|
(124)
|
|
Selling, General & Administrative |
(38)
|
(40)
|
(44)
|
(44)
|
(41)
|
(37)
|
(36)
|
(41)
|
(42)
|
(44)
|
(51)
|
(56)
|
(59)
|
(63)
|
(72)
|
(76)
|
(79)
|
(82)
|
(71)
|
(77)
|
(106)
|
(106)
|
(117)
|
|
Research & Development |
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
(1)
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(6)
|
(9)
|
(10)
|
(9)
|
(8)
|
(7)
|
(9)
|
(16)
|
(18)
|
(17)
|
|
Other Operating Expenses |
2
|
2
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
1
|
0
|
1
|
4
|
18
|
22
|
11
|
16
|
17
|
10
|
|
Operating Income |
28
N/A
|
32
+15%
|
32
0%
|
18
-44%
|
27
+46%
|
47
+74%
|
62
+34%
|
60
-4%
|
68
+14%
|
108
+58%
|
113
+5%
|
109
-4%
|
125
+15%
|
116
-7%
|
124
+7%
|
96
-22%
|
(17)
N/A
|
4
N/A
|
68
+1 547%
|
49
-28%
|
38
-23%
|
(4)
N/A
|
(68)
-1 503%
|
|
Pre-Tax Income | ||||||||||||||||||||||||
Interest Income Expense |
(12)
|
(9)
|
(5)
|
(17)
|
(12)
|
(8)
|
(14)
|
(11)
|
(13)
|
(10)
|
(9)
|
(9)
|
(10)
|
(15)
|
(21)
|
(23)
|
(22)
|
(21)
|
(18)
|
(22)
|
(38)
|
(48)
|
(55)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(1)
|
(1)
|
0
|
(3)
|
(9)
|
(7)
|
(51)
|
(115)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
16
N/A
|
23
+46%
|
27
+15%
|
1
-95%
|
15
+922%
|
39
+154%
|
48
+26%
|
49
+1%
|
55
+13%
|
98
+77%
|
104
+6%
|
100
-4%
|
115
+16%
|
100
-13%
|
101
+1%
|
72
-28%
|
(39)
N/A
|
(17)
+58%
|
47
N/A
|
18
-63%
|
(7)
N/A
|
(104)
-1 327%
|
(238)
-130%
|
|
Net Income | ||||||||||||||||||||||||
Tax Provision |
(5)
|
(7)
|
(7)
|
(0)
|
(5)
|
(11)
|
(14)
|
(14)
|
(16)
|
(28)
|
(29)
|
(28)
|
(33)
|
(28)
|
(26)
|
(18)
|
11
|
10
|
(7)
|
(4)
|
3
|
28
|
61
|
|
Income from Continuing Operations |
12
|
17
|
20
|
1
|
11
|
27
|
34
|
35
|
40
|
70
|
75
|
71
|
82
|
71
|
74
|
54
|
(28)
|
(7)
|
40
|
14
|
(4)
|
(76)
|
(176)
|
|
Net Income (Common) |
12
N/A
|
17
+46%
|
20
+16%
|
1
-95%
|
11
+886%
|
27
+158%
|
34
+26%
|
35
+1%
|
40
+14%
|
70
+78%
|
75
+6%
|
71
-4%
|
82
+15%
|
71
-14%
|
74
+4%
|
54
-27%
|
(28)
N/A
|
(7)
+76%
|
39
N/A
|
15
-60%
|
(4)
N/A
|
(105)
-2 354%
|
(182)
-73%
|
|
EPS (Diluted) |
0.15
N/A
|
0.11
-27%
|
0.13
+18%
|
0.01
-92%
|
0.07
+600%
|
0.18
+157%
|
0.23
+28%
|
0.22
-4%
|
0.23
+5%
|
0.39
+70%
|
0.42
+8%
|
0.4
-5%
|
0.46
+15%
|
0.4
-13%
|
0.41
+2%
|
0.27
-34%
|
-0.13
N/A
|
-0.02
+85%
|
0.18
N/A
|
0.06
-67%
|
-0.02
N/A
|
-0.48
-2 300%
|
-0.83
-73%
|