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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Core Scientific's Net Income for the three months ended in Mar. 2024 was $210.7 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-35.4 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Core Scientific's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.55.
The historical data trend for Core Scientific's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Core Scientific Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Net Income | -11.92 | -12.21 | 47.31 | -2,146.32 | -246.49 |
Core Scientific Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Income | Get a 7-Day Free Trial | -0.39 | -9.26 | -41.15 | -195.69 | 210.69 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Core Scientific's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -245.804 | + | -0.683 | + | 0 | + | 0 |
= | -246.5 |
Core Scientific's Net Income for the quarter that ended in Mar. 2024 is calculated as
Net Income | (Q: Mar. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 210.897 | + | -0.206 | + | 0 | + | 0 |
= | 210.7 |
Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-35.4 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Core Scientific (OTCPK:CORZQ) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Core Scientific's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as
Earnings per Share (Diluted) (Q: Mar. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (210.691 | - | 0) | / | 386.022 | |
= | 0.55 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Core Scientific's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Adam Taylor Sullivan | officer: President | C/O CORE SCIENTIFIC, INC., 2407 S. CONGRESS AVENUE, AUSTIN TX 78704 |
Darin Feinstein | director, 10 percent owner, officer: Chief Vision Officer | 2800 NORTHUP WAY, SUITE 220, BELLEVUE WA 98004 |
Sterling Denise Marie Brucia | officer: Chief Financial Officer | C/O CORE SCIENTIFIC, INC., 201 BARTON SPRINGS ROAD, AUSTIN TX 78704 |
Matt Minnis | director | 2800 NORTHUP WAY, SUITE 220, BELLEVUE WA 98004 |
Brian Neville | officer: Chief Accounting Officer | C/O CORE SCIENTIFIC, INC., 2800 NORTHROP WAY, BELLEVUE WA 98004 |
Todd M Duchene | officer: EVP, GC and Secretary | 847 GIBRALTAR DR., MILPITAS CA 95035 |
Michael Trzupek | officer: Chief Financial Officer | 2800 NORTHUP WAY, SUITE 220, BELLEVUE WA 98004 |
Stacie Olivares | director | 2525 E. CAMELBACK RD., STE 850, PHOENIX AZ 85016 |
Jarvis V. Hollingsworth | director | 100 WEST HOUSTON STREET, SAN ANTONIO TX 78205 |
Michael J Levitt | director, officer: Chief Executive Officer | KAYNE ANDERSON CAPITAL ADVISORS, L.P., 1800 AVENUE OF THE STARS, 3RD FLOOR, LOS ANGELES CA 90067 |
Dr Kneeland Youngblood | director | C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105 |
John P Mcgarrity | officer: General Counsel and Secretary | 321 N. CLARK STREET, CHICAGO IL 60054 |
Sullivan Colleen | director | 420 EXECUTIVE SQUARE SUITE 300, LA JOLLA CA 92037 |
Theodore J Brombach | 10 percent owner | 321 N. CLARK STREET, CHICAGO IL 60054 |
Patrick C Eilers | director, 10 percent owner, officer: Chief Executive Officer | THREE FIRST NATIONAL PLAZA STE 3800, CHICAGO IL 60602 |
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