Benefit Systems SA
WSE:BFT
Income Statement
Earnings Waterfall
Benefit Systems SA
Revenue
|
3.2B
PLN
|
Cost of Revenue
|
-2.1B
PLN
|
Gross Profit
|
1.2B
PLN
|
Operating Expenses
|
-538.9m
PLN
|
Operating Income
|
624.1m
PLN
|
Other Expenses
|
-146.6m
PLN
|
Net Income
|
477.5m
PLN
|
Income Statement
Benefit Systems SA
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 |
436
N/A
|
452
+4%
|
472
+4%
|
505
+7%
|
537
+6%
|
581
+8%
|
625
+8%
|
662
+6%
|
704
+6%
|
744
+6%
|
794
+7%
|
845
+6%
|
902
+7%
|
965
+7%
|
1 024
+6%
|
1 092
+7%
|
1 150
+5%
|
1 209
+5%
|
1 284
+6%
|
1 354
+5%
|
1 437
+6%
|
1 527
+6%
|
1 551
+2%
|
1 339
-14%
|
1 273
-5%
|
1 034
-19%
|
746
-28%
|
765
+3%
|
749
-2%
|
955
+27%
|
1 258
+32%
|
1 537
+22%
|
1 725
+12%
|
1 909
+11%
|
2 133
+12%
|
2 370
+11%
|
2 579
+9%
|
2 774
+8%
|
2 950
+6%
|
3 097
+5%
|
3 239
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(335)
|
(345)
|
(360)
|
(379)
|
(403)
|
(431)
|
(462)
|
(492)
|
(517)
|
(538)
|
(572)
|
(604)
|
(646)
|
(699)
|
(736)
|
(787)
|
(834)
|
(871)
|
(933)
|
(988)
|
(1 045)
|
(1 119)
|
(1 133)
|
(999)
|
(965)
|
(815)
|
(640)
|
(646)
|
(651)
|
(774)
|
(983)
|
(1 176)
|
(1 277)
|
(1 392)
|
(1 547)
|
(1 667)
|
(1 762)
|
(1 843)
|
(1 927)
|
(1 992)
|
(2 076)
|
|
Gross Profit |
101
N/A
|
107
+6%
|
112
+5%
|
126
+13%
|
134
+6%
|
150
+12%
|
163
+9%
|
171
+5%
|
187
+10%
|
206
+10%
|
222
+8%
|
242
+9%
|
256
+6%
|
266
+4%
|
289
+9%
|
305
+6%
|
316
+4%
|
338
+7%
|
352
+4%
|
366
+4%
|
392
+7%
|
408
+4%
|
419
+3%
|
340
-19%
|
307
-10%
|
219
-29%
|
106
-52%
|
119
+13%
|
98
-18%
|
181
+85%
|
276
+52%
|
361
+31%
|
448
+24%
|
517
+15%
|
586
+13%
|
704
+20%
|
817
+16%
|
931
+14%
|
1 023
+10%
|
1 106
+8%
|
1 163
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(58)
|
(57)
|
(60)
|
(73)
|
(80)
|
(95)
|
(103)
|
(101)
|
(106)
|
(113)
|
(120)
|
(134)
|
(140)
|
(144)
|
(157)
|
(166)
|
(182)
|
(183)
|
(195)
|
(208)
|
(215)
|
(254)
|
(252)
|
(245)
|
(235)
|
(207)
|
(201)
|
(180)
|
(185)
|
(181)
|
(211)
|
(248)
|
(272)
|
(296)
|
(327)
|
(352)
|
(363)
|
(385)
|
(426)
|
(494)
|
(539)
|
|
Selling, General & Administrative |
(57)
|
(57)
|
(61)
|
(68)
|
(74)
|
(80)
|
(94)
|
(98)
|
(103)
|
(106)
|
(118)
|
(130)
|
(138)
|
(138)
|
(158)
|
(169)
|
(182)
|
(199)
|
(218)
|
(224)
|
(234)
|
(243)
|
(247)
|
(236)
|
(227)
|
(194)
|
(178)
|
(176)
|
(183)
|
(191)
|
(222)
|
(247)
|
(268)
|
(278)
|
(311)
|
(337)
|
(348)
|
(365)
|
(416)
|
(481)
|
(525)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(2)
|
(0)
|
(0)
|
(6)
|
(6)
|
(8)
|
(9)
|
(3)
|
(4)
|
0
|
(3)
|
(3)
|
(3)
|
2
|
1
|
2
|
1
|
24
|
23
|
17
|
19
|
(5)
|
(6)
|
(10)
|
(8)
|
(6)
|
(23)
|
(4)
|
(3)
|
21
|
11
|
(0)
|
(4)
|
(7)
|
(16)
|
(15)
|
(15)
|
(2)
|
(10)
|
(13)
|
(13)
|
|
Operating Income |
43
N/A
|
49
+16%
|
52
+4%
|
53
+3%
|
54
+2%
|
55
+2%
|
60
+9%
|
70
+16%
|
81
+16%
|
94
+16%
|
102
+9%
|
108
+6%
|
116
+7%
|
122
+5%
|
132
+8%
|
139
+5%
|
135
-3%
|
155
+15%
|
157
+1%
|
159
+1%
|
176
+11%
|
154
-13%
|
167
+8%
|
95
-43%
|
72
-24%
|
11
-84%
|
(96)
N/A
|
(61)
+37%
|
(88)
-45%
|
(0)
+100%
|
65
N/A
|
114
+76%
|
177
+55%
|
221
+25%
|
259
+17%
|
352
+36%
|
454
+29%
|
545
+20%
|
597
+10%
|
611
+2%
|
624
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
(0)
|
5
|
5
|
6
|
8
|
3
|
3
|
2
|
7
|
5
|
4
|
4
|
(2)
|
(6)
|
(11)
|
(15)
|
(5)
|
(15)
|
(10)
|
(11)
|
(7)
|
(9)
|
(11)
|
(17)
|
(16)
|
(25)
|
(9)
|
(11)
|
(7)
|
(5)
|
(24)
|
(35)
|
(32)
|
(30)
|
(35)
|
(37)
|
12
|
(22)
|
(15)
|
5
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
(0)
|
(1)
|
(0)
|
1
|
(0)
|
(0)
|
(1)
|
(50)
|
(35)
|
(34)
|
(34)
|
(11)
|
(8)
|
(8)
|
(8)
|
(10)
|
2
|
2
|
2
|
(1)
|
1
|
1
|
1
|
|
Gain/Loss on Disposition of Assets |
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
|
|
Total Other Income |
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(2)
|
(0)
|
(0)
|
(0)
|
(3)
|
1
|
5
|
6
|
9
|
7
|
17
|
3
|
(5)
|
(33)
|
(42)
|
(26)
|
(36)
|
6
|
0
|
(3)
|
1
|
(2)
|
(6)
|
(5)
|
(3)
|
0
|
30
|
30
|
(3)
|
29
|
(1)
|
(2)
|
|
Pre-Tax Income |
43
N/A
|
50
+15%
|
56
+14%
|
58
+3%
|
60
+3%
|
63
+5%
|
63
+0%
|
73
+15%
|
83
+14%
|
99
+19%
|
106
+8%
|
111
+5%
|
119
+7%
|
116
-3%
|
126
+9%
|
133
+5%
|
126
-5%
|
157
+25%
|
150
-4%
|
166
+10%
|
169
+2%
|
143
-15%
|
124
-13%
|
42
-66%
|
28
-33%
|
(91)
N/A
|
(149)
-64%
|
(103)
+31%
|
(136)
-31%
|
(17)
+87%
|
50
N/A
|
76
+54%
|
129
+68%
|
177
+37%
|
231
+31%
|
350
+51%
|
450
+29%
|
553
+23%
|
606
+10%
|
596
-2%
|
629
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(10)
|
(11)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(17)
|
(20)
|
(23)
|
(25)
|
(24)
|
(26)
|
(30)
|
(32)
|
(36)
|
(33)
|
(41)
|
(40)
|
(39)
|
(43)
|
(36)
|
(31)
|
(29)
|
(24)
|
(8)
|
(1)
|
3
|
8
|
(7)
|
(16)
|
(21)
|
(30)
|
(37)
|
(47)
|
(67)
|
(85)
|
(109)
|
(122)
|
(131)
|
(146)
|
|
Income from Continuing Operations |
33
|
39
|
44
|
45
|
46
|
49
|
49
|
55
|
63
|
76
|
82
|
87
|
94
|
87
|
94
|
97
|
93
|
116
|
111
|
126
|
126
|
107
|
92
|
13
|
4
|
(99)
|
(150)
|
(100)
|
(128)
|
(24)
|
34
|
55
|
99
|
139
|
184
|
282
|
365
|
445
|
484
|
465
|
483
|
|
Income to Minority Interest |
1
|
0
|
(0)
|
(0)
|
0
|
0
|
1
|
2
|
3
|
5
|
5
|
5
|
4
|
1
|
1
|
0
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(4)
|
(5)
|
(5)
|
(6)
|
(5)
|
|
Net Income (Common) |
34
N/A
|
39
+13%
|
44
+13%
|
45
+3%
|
46
+2%
|
49
+7%
|
50
+1%
|
57
+15%
|
66
+15%
|
81
+23%
|
87
+7%
|
92
+6%
|
97
+6%
|
88
-10%
|
96
+9%
|
97
+1%
|
92
-5%
|
115
+25%
|
109
-5%
|
125
+14%
|
124
-1%
|
105
-15%
|
91
-13%
|
10
-89%
|
2
-84%
|
(100)
N/A
|
(151)
-51%
|
(100)
+34%
|
(128)
-28%
|
(25)
+80%
|
32
N/A
|
53
+67%
|
98
+83%
|
138
+42%
|
182
+32%
|
280
+54%
|
361
+29%
|
440
+22%
|
479
+9%
|
459
-4%
|
478
+4%
|
|
EPS (Diluted) |
13.63
N/A
|
15.3
+12%
|
16.8
+10%
|
17.3
+3%
|
17.65
+2%
|
18.67
+6%
|
18.33
-2%
|
21.07
+15%
|
26.2
+24%
|
32.02
+22%
|
34.6
+8%
|
36.68
+6%
|
37.46
+2%
|
34.49
-8%
|
34.17
-1%
|
33.41
-2%
|
32.73
-2%
|
40.89
+25%
|
38.94
-5%
|
45.53
+17%
|
45.36
0%
|
38.43
-15%
|
33.24
-14%
|
3.79
-89%
|
0.62
-84%
|
-36.43
N/A
|
-54.38
-49%
|
-35.99
+34%
|
-45.54
-27%
|
-8.86
+81%
|
10.86
N/A
|
18.13
+67%
|
33.26
+83%
|
47.08
+42%
|
62.18
+32%
|
95.34
+53%
|
123.13
+29%
|
149.34
+21%
|
161.95
+8%
|
153.69
-5%
|
159.94
+4%
|