
Virbac SA
PAR:VIRP

Income Statement
Earnings Waterfall
Virbac SA
Revenue
|
1.4B
EUR
|
Cost of Revenue
|
-459.8m
EUR
|
Gross Profit
|
937.6m
EUR
|
Operating Expenses
|
-719m
EUR
|
Operating Income
|
218.6m
EUR
|
Other Expenses
|
-73.3m
EUR
|
Net Income
|
145.3m
EUR
|
Income Statement
Virbac SA
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 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
355
N/A
|
372
+5%
|
389
+4%
|
402
+3%
|
425
+6%
|
439
+3%
|
435
-1%
|
443
+2%
|
457
+3%
|
467
+2%
|
526
+13%
|
573
+9%
|
603
+5%
|
623
+3%
|
658
+6%
|
695
+6%
|
718
+3%
|
736
+3%
|
730
-1%
|
773
+6%
|
839
+9%
|
853
+2%
|
850
0%
|
872
+3%
|
879
+1%
|
862
-2%
|
854
-1%
|
869
+2%
|
903
+4%
|
938
+4%
|
953
+2%
|
934
-2%
|
985
+5%
|
1 064
+8%
|
1 151
+8%
|
1 216
+6%
|
1 210
0%
|
1 247
+3%
|
1 339
+7%
|
1 679
+25%
|
1 397
-17%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(198)
|
(207)
|
(219)
|
(227)
|
(242)
|
(253)
|
(248)
|
(251)
|
(258)
|
(261)
|
(290)
|
(321)
|
(334)
|
(341)
|
(355)
|
(374)
|
(386)
|
(390)
|
(386)
|
(409)
|
(471)
|
(510)
|
(495)
|
(486)
|
(488)
|
(486)
|
(479)
|
(451)
|
(478)
|
(476)
|
(488)
|
(480)
|
(513)
|
(559)
|
(616)
|
(662)
|
(649)
|
(437)
|
(450)
|
0
|
(460)
|
|
Gross Profit |
157
N/A
|
166
+5%
|
170
+3%
|
175
+3%
|
183
+5%
|
186
+1%
|
187
+0%
|
192
+3%
|
199
+4%
|
206
+4%
|
236
+15%
|
252
+7%
|
269
+7%
|
282
+5%
|
303
+7%
|
321
+6%
|
332
+3%
|
346
+4%
|
345
0%
|
364
+6%
|
368
+1%
|
342
-7%
|
356
+4%
|
386
+8%
|
391
+2%
|
375
-4%
|
376
+0%
|
418
+11%
|
425
+2%
|
462
+9%
|
465
+1%
|
455
-2%
|
472
+4%
|
505
+7%
|
535
+6%
|
554
+4%
|
562
+1%
|
810
+44%
|
889
+10%
|
0
N/A
|
938
N/A
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(126)
|
(129)
|
(133)
|
(134)
|
(137)
|
(134)
|
(133)
|
(138)
|
(146)
|
(148)
|
(162)
|
(163)
|
(184)
|
(196)
|
(209)
|
(223)
|
(236)
|
(242)
|
(245)
|
(255)
|
(299)
|
(307)
|
(299)
|
(317)
|
(322)
|
(317)
|
(312)
|
(343)
|
(330)
|
(357)
|
(338)
|
(333)
|
(327)
|
(336)
|
(354)
|
(371)
|
(385)
|
(624)
|
(665)
|
0
|
(719)
|
|
Selling, General & Administrative |
(105)
|
(110)
|
(113)
|
(116)
|
(119)
|
(120)
|
(122)
|
(126)
|
(131)
|
(134)
|
(145)
|
(157)
|
(167)
|
(178)
|
(190)
|
(200)
|
(208)
|
(211)
|
(215)
|
(226)
|
(248)
|
(265)
|
(272)
|
(281)
|
(282)
|
(276)
|
(274)
|
(294)
|
(287)
|
(296)
|
(296)
|
(294)
|
(297)
|
(306)
|
(321)
|
(337)
|
(351)
|
(359)
|
(377)
|
0
|
(402)
|
|
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
|
0
|
0
|
0
|
0
|
(13)
|
0
|
(15)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
(13)
|
(14)
|
(13)
|
(13)
|
(12)
|
(12)
|
(11)
|
(13)
|
(14)
|
(15)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(24)
|
(27)
|
(28)
|
(29)
|
(31)
|
(41)
|
(46)
|
(42)
|
(43)
|
(46)
|
(42)
|
(40)
|
(43)
|
(51)
|
(55)
|
(51)
|
(48)
|
(43)
|
(43)
|
(43)
|
(46)
|
(47)
|
(45)
|
(48)
|
0
|
(57)
|
|
Other Operating Expenses |
(6)
|
(6)
|
(7)
|
(5)
|
(6)
|
(1)
|
0
|
2
|
(0)
|
1
|
3
|
13
|
2
|
2
|
2
|
1
|
(2)
|
(3)
|
(1)
|
2
|
(10)
|
3
|
15
|
8
|
6
|
1
|
2
|
7
|
8
|
9
|
9
|
9
|
14
|
13
|
10
|
13
|
14
|
(220)
|
(239)
|
0
|
(260)
|
|
Operating Income |
31
N/A
|
37
+18%
|
37
+2%
|
41
+10%
|
46
+13%
|
52
+13%
|
54
+3%
|
54
+1%
|
53
-2%
|
58
+9%
|
75
+28%
|
89
+19%
|
85
-5%
|
87
+2%
|
93
+8%
|
98
+5%
|
96
-3%
|
104
+9%
|
100
-4%
|
109
+10%
|
69
-37%
|
35
-49%
|
56
+60%
|
69
+23%
|
70
+1%
|
59
-16%
|
64
+8%
|
75
+18%
|
95
+26%
|
105
+11%
|
127
+21%
|
122
-4%
|
145
+19%
|
169
+16%
|
181
+7%
|
184
+1%
|
177
-4%
|
185
+5%
|
224
+21%
|
561
+151%
|
219
-61%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
0
|
(1)
|
(3)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(9)
|
(9)
|
(8)
|
(15)
|
(20)
|
(17)
|
(16)
|
(21)
|
(18)
|
(19)
|
(24)
|
(21)
|
(20)
|
(20)
|
(10)
|
(3)
|
(8)
|
(15)
|
(3)
|
6
|
(10)
|
(16)
|
0
|
(10)
|
|
Non-Reccuring Items |
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
(1)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
0
|
0
|
(1)
|
(2)
|
(10)
|
(16)
|
(7)
|
(5)
|
62
|
67
|
(2)
|
(1)
|
(4)
|
(4)
|
(1)
|
(2)
|
0
|
(2)
|
|
Total Other Income |
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
0
|
0
|
1
|
1
|
0
|
0
|
1
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
(16)
|
0
|
|
Pre-Tax Income |
29
N/A
|
30
+4%
|
36
+18%
|
39
+8%
|
43
+10%
|
49
+14%
|
50
+3%
|
50
+0%
|
50
-2%
|
56
+14%
|
84
+50%
|
86
+2%
|
84
-3%
|
84
0%
|
90
+8%
|
95
+6%
|
91
-4%
|
96
+4%
|
91
-5%
|
101
+11%
|
54
-46%
|
15
-72%
|
40
+159%
|
53
+32%
|
49
-7%
|
40
-18%
|
44
+9%
|
41
-7%
|
58
+41%
|
78
+35%
|
101
+31%
|
173
+71%
|
209
+20%
|
159
-24%
|
165
+4%
|
176
+7%
|
178
+1%
|
174
-2%
|
207
+19%
|
546
+164%
|
208
-62%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(8)
|
(9)
|
(11)
|
(11)
|
(13)
|
(17)
|
(16)
|
(14)
|
(14)
|
(17)
|
(22)
|
(22)
|
(25)
|
(25)
|
(27)
|
(28)
|
(26)
|
(26)
|
(25)
|
(29)
|
(15)
|
(2)
|
(12)
|
(15)
|
(11)
|
(39)
|
(46)
|
(20)
|
(21)
|
(23)
|
(26)
|
(33)
|
(45)
|
(44)
|
(47)
|
(56)
|
(60)
|
(54)
|
(66)
|
0
|
(62)
|
|
Income from Continuing Operations |
21
|
22
|
25
|
28
|
29
|
32
|
34
|
36
|
36
|
40
|
62
|
64
|
59
|
59
|
64
|
67
|
66
|
70
|
66
|
72
|
40
|
13
|
28
|
38
|
38
|
1
|
(2)
|
21
|
36
|
54
|
75
|
140
|
164
|
115
|
118
|
121
|
118
|
121
|
141
|
480
|
145
|
|
Income to Minority Interest |
(2)
|
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(1)
|
(4)
|
(8)
|
(9)
|
(7)
|
(6)
|
(3)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(1)
|
1
|
1
|
0
|
(0)
|
0
|
(0)
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
19
N/A
|
20
+3%
|
23
+14%
|
25
+10%
|
28
+12%
|
31
+12%
|
34
+8%
|
35
+6%
|
35
-2%
|
39
+12%
|
61
+58%
|
63
+3%
|
58
-9%
|
59
+1%
|
64
+9%
|
67
+4%
|
61
-8%
|
61
-1%
|
56
-8%
|
64
+14%
|
32
-50%
|
9
-71%
|
26
+180%
|
35
+32%
|
35
+2%
|
(3)
N/A
|
(4)
-64%
|
20
N/A
|
34
+70%
|
52
+50%
|
72
+40%
|
136
+88%
|
161
+18%
|
113
-30%
|
118
+4%
|
122
+3%
|
119
-2%
|
121
+2%
|
141
+16%
|
480
+241%
|
145
-70%
|
|
EPS (Diluted) |
2.3
N/A
|
2.28
-1%
|
2.63
+15%
|
2.92
+11%
|
3.24
+11%
|
3.6
+11%
|
3.89
+8%
|
4.11
+6%
|
4.02
-2%
|
4.48
+11%
|
7.07
+58%
|
7.31
+3%
|
6.69
-8%
|
7.19
+7%
|
7.59
+6%
|
7.91
+4%
|
7.28
-8%
|
7.18
-1%
|
6.61
-8%
|
7.54
+14%
|
3.79
-50%
|
1.12
-70%
|
3.12
+179%
|
4.11
+32%
|
4.2
+2%
|
-0.31
N/A
|
-0.5
-61%
|
2.39
N/A
|
4.07
+70%
|
6.11
+50%
|
8.57
+40%
|
16.12
+88%
|
19.02
+18%
|
13.4
-30%
|
13.96
+4%
|
14.43
+3%
|
14.12
-2%
|
14.38
+2%
|
16.81
+17%
|
0
N/A
|
17.34
N/A
|