
First National Financial Corp
TSX:FN

Income Statement
Earnings Waterfall
First National Financial Corp
Revenue
|
2.1B
CAD
|
Cost of Revenue
|
-1.6B
CAD
|
Gross Profit
|
550m
CAD
|
Operating Expenses
|
-299.1m
CAD
|
Operating Income
|
251m
CAD
|
Other Expenses
|
-70.3m
CAD
|
Net Income
|
180.7m
CAD
|
Income Statement
First National Financial Corp
Sep-2014 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
806
N/A
|
803
0%
|
798
-1%
|
848
+6%
|
864
+2%
|
915
+6%
|
979
+7%
|
982
+0%
|
1 009
+3%
|
1 050
+4%
|
1 051
+0%
|
1 089
+4%
|
1 100
+1%
|
1 079
-2%
|
1 103
+2%
|
1 102
0%
|
1 139
+3%
|
1 182
+4%
|
1 211
+2%
|
1 255
+4%
|
1 296
+3%
|
1 327
+2%
|
1 315
-1%
|
1 324
+1%
|
1 335
+1%
|
1 380
+3%
|
1 442
+4%
|
1 463
+1%
|
1 443
-1%
|
1 395
-3%
|
1 408
+1%
|
1 460
+4%
|
1 499
+3%
|
1 574
+5%
|
1 656
+5%
|
1 765
+7%
|
1 936
+10%
|
2 024
+5%
|
2 110
+4%
|
2 123
+1%
|
2 120
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(521)
|
(548)
|
(572)
|
(598)
|
(617)
|
(632)
|
(639)
|
(640)
|
(638)
|
(638)
|
(639)
|
(639)
|
(634)
|
(642)
|
(662)
|
(685)
|
(731)
|
(791)
|
(837)
|
(885)
|
(913)
|
(919)
|
(936)
|
(929)
|
(914)
|
(920)
|
(899)
|
(907)
|
(907)
|
(881)
|
(885)
|
(914)
|
(963)
|
(1 049)
|
(1 152)
|
(1 227)
|
(1 335)
|
(1 412)
|
(1 468)
|
(1 517)
|
(1 570)
|
|
Gross Profit |
285
N/A
|
255
-10%
|
226
-12%
|
250
+11%
|
247
-1%
|
284
+15%
|
340
+20%
|
342
+1%
|
371
+9%
|
412
+11%
|
412
0%
|
450
+9%
|
466
+3%
|
437
-6%
|
441
+1%
|
417
-5%
|
409
-2%
|
390
-5%
|
374
-4%
|
370
-1%
|
383
+3%
|
407
+6%
|
379
-7%
|
395
+4%
|
421
+7%
|
460
+9%
|
543
+18%
|
556
+2%
|
535
-4%
|
514
-4%
|
523
+2%
|
546
+4%
|
536
-2%
|
526
-2%
|
504
-4%
|
538
+7%
|
600
+11%
|
612
+2%
|
642
+5%
|
606
-6%
|
550
-9%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(110)
|
(115)
|
(121)
|
(126)
|
(131)
|
(135)
|
(136)
|
(139)
|
(139)
|
(138)
|
(139)
|
(140)
|
(146)
|
(152)
|
(156)
|
(162)
|
(162)
|
(163)
|
(164)
|
(163)
|
(164)
|
(165)
|
(173)
|
(180)
|
(190)
|
(201)
|
(210)
|
(221)
|
(234)
|
(250)
|
(258)
|
(268)
|
(268)
|
(257)
|
(260)
|
(255)
|
(258)
|
(268)
|
(279)
|
(291)
|
(299)
|
|
Selling, General & Administrative |
(65)
|
(68)
|
(72)
|
(76)
|
(81)
|
(85)
|
(86)
|
(88)
|
(88)
|
(88)
|
(89)
|
(92)
|
(94)
|
(98)
|
(99)
|
(99)
|
(99)
|
(100)
|
(103)
|
(108)
|
(112)
|
(118)
|
(123)
|
(127)
|
(134)
|
(144)
|
(152)
|
(161)
|
(169)
|
(177)
|
(184)
|
(196)
|
(198)
|
(193)
|
(195)
|
(191)
|
(194)
|
(200)
|
(209)
|
(218)
|
(221)
|
|
Depreciation & Amortization |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(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
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
(40)
|
(42)
|
(45)
|
(45)
|
(45)
|
(45)
|
(45)
|
(46)
|
(47)
|
(48)
|
(49)
|
(49)
|
(51)
|
(54)
|
(57)
|
(63)
|
(64)
|
(63)
|
(61)
|
(56)
|
(52)
|
(48)
|
(49)
|
(53)
|
(56)
|
(58)
|
(59)
|
(61)
|
(66)
|
(73)
|
(74)
|
(72)
|
(70)
|
(64)
|
(65)
|
(65)
|
(64)
|
(68)
|
(70)
|
(73)
|
(78)
|
|
Operating Income |
174
N/A
|
140
-20%
|
104
-26%
|
123
+19%
|
116
-6%
|
149
+29%
|
204
+37%
|
203
-1%
|
233
+15%
|
274
+18%
|
273
-1%
|
310
+14%
|
320
+3%
|
285
-11%
|
286
+0%
|
256
-11%
|
247
-3%
|
227
-8%
|
210
-8%
|
208
-1%
|
219
+6%
|
242
+10%
|
206
-15%
|
215
+4%
|
231
+7%
|
259
+12%
|
334
+29%
|
335
+0%
|
301
-10%
|
264
-12%
|
265
+1%
|
278
+5%
|
268
-4%
|
269
+0%
|
245
-9%
|
283
+16%
|
342
+21%
|
344
+0%
|
363
+6%
|
315
-13%
|
251
-20%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
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
|
0
|
0
|
0
|
|
Pre-Tax Income |
174
N/A
|
140
-20%
|
104
-26%
|
123
+19%
|
116
-6%
|
149
+29%
|
204
+37%
|
203
-1%
|
233
+15%
|
274
+18%
|
273
-1%
|
310
+14%
|
320
+3%
|
285
-11%
|
286
+0%
|
256
-11%
|
247
-3%
|
227
-8%
|
210
-8%
|
208
-1%
|
219
+6%
|
242
+10%
|
206
-15%
|
215
+4%
|
231
+7%
|
259
+12%
|
334
+29%
|
335
+0%
|
301
-10%
|
264
-12%
|
265
+1%
|
278
+5%
|
268
-4%
|
269
+0%
|
245
-9%
|
283
+16%
|
342
+21%
|
344
+0%
|
363
+6%
|
315
-13%
|
251
-20%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(46)
|
(36)
|
(26)
|
(31)
|
(29)
|
(39)
|
(54)
|
(54)
|
(62)
|
(72)
|
(72)
|
(82)
|
(84)
|
(76)
|
(76)
|
(69)
|
(66)
|
(61)
|
(56)
|
(56)
|
(59)
|
(65)
|
(55)
|
(57)
|
(61)
|
(69)
|
(89)
|
(88)
|
(79)
|
(69)
|
(70)
|
(74)
|
(71)
|
(71)
|
(65)
|
(75)
|
(91)
|
(91)
|
(96)
|
(83)
|
(66)
|
|
Income from Continuing Operations |
128
|
105
|
78
|
92
|
86
|
109
|
150
|
149
|
171
|
202
|
201
|
228
|
236
|
210
|
209
|
187
|
180
|
166
|
154
|
152
|
161
|
177
|
152
|
158
|
170
|
190
|
245
|
247
|
222
|
195
|
196
|
205
|
197
|
198
|
180
|
208
|
251
|
253
|
267
|
232
|
185
|
|
Income to Minority Interest |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(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
|
0
|
|
Net Income (Common) |
121
N/A
|
97
-20%
|
70
-27%
|
85
+21%
|
79
-7%
|
103
+30%
|
144
+40%
|
143
-1%
|
165
+16%
|
197
+19%
|
196
0%
|
223
+14%
|
231
+3%
|
205
-11%
|
206
+0%
|
184
-11%
|
177
-4%
|
164
-8%
|
151
-8%
|
149
-1%
|
157
+6%
|
174
+11%
|
148
-15%
|
155
+5%
|
167
+8%
|
187
+12%
|
242
+29%
|
244
+1%
|
219
-10%
|
192
-12%
|
193
+1%
|
202
+5%
|
194
-4%
|
195
+0%
|
177
-9%
|
204
+16%
|
247
+21%
|
249
+1%
|
263
+6%
|
228
-13%
|
181
-21%
|
|
EPS (Diluted) |
2.02
N/A
|
1.62
-20%
|
1.18
-27%
|
1.42
+20%
|
1.32
-7%
|
1.71
+30%
|
2.39
+40%
|
2.38
0%
|
2.76
+16%
|
3.28
+19%
|
3.27
0%
|
3.73
+14%
|
3.85
+3%
|
3.42
-11%
|
3.43
+0%
|
3.06
-11%
|
2.95
-4%
|
2.73
-7%
|
2.51
-8%
|
2.47
-2%
|
2.62
+6%
|
2.9
+11%
|
2.47
-15%
|
2.59
+5%
|
2.79
+8%
|
3.12
+12%
|
4.05
+30%
|
4.07
+0%
|
3.66
-10%
|
3.2
-13%
|
3.22
+1%
|
3.36
+4%
|
3.24
-4%
|
3.25
+0%
|
2.94
-10%
|
3.41
+16%
|
4.13
+21%
|
4.15
+0%
|
4.39
+6%
|
3.8
-13%
|
3.01
-21%
|