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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. Weatherford International's Net Income for the three months ended in Sep. 2024 was $157 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was $534 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Weatherford International's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $2.09.
The historical data trend for Weatherford International'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.
Weatherford International Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Income | Get a 7-Day Free Trial | 3,661.00 | -1,921.00 | -450.00 | 26.00 | 417.00 |
Weatherford International Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Net Income | Get a 7-Day Free Trial | 123.00 | 140.00 | 112.00 | 125.00 | 157.00 |
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
Weatherford International'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 |
= | 506 | + | -57 | + | 0 | + | -32 |
= | 417 |
Weatherford International's Net Income for the quarter that ended in Sep. 2024 is calculated as
Net Income | (Q: Sep. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 178 | + | -12 | + | 0 | + | -9 |
= | 157 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $534 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.
Weatherford International (NAS:WFRD) 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:
Weatherford International's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2024 is calculated as
Earnings per Share (Diluted) (Q: Sep. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (157 | - | 0) | / | 75.200 | |
= | 2.09 |
* 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 Weatherford International's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Charles M Sledge | director | 1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345 |
Girish Saligram | director, officer: President and CEO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Jacqueline C Mutschler | director | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Benjamin Duster | director | 200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028 |
Neal P Goldman | director | 10700 PARKRIDGE BLVD., RESTON VA 20191 |
Desmond J Mills | officer: VP & Chief Accounting Officer | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Scott C Weatherholt | officer: EVP, GC & CCO | 321 SOUTH BOSTON AVE., SUITE 1000, TULSA OK 74103 |
Joseph H Mongrain | officer: EVP and CHRO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Arunava Mitra | officer: EVP and CFO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Charles Davison | officer: EVP - Operational Excellence | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
H. Keith Jennings | officer: EVP and CFO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Mark D Swift | officer: President - Western Hemisphere | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Christian A Garcia | officer: Chief Financial Officer | 3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032 |
John F Glick | director | TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380 |
Bates Thomas R Jr | director | TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380 |
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