Brookfield Historical Income Statement
| BIP-UN Stock | CAD 48.78 0.78 1.63% |
Historical analysis of Brookfield Infrastructure income statement accounts such as Operating Income of 4.3 B, EBITDA of 7.4 B or Total Operating Expenses of 595.5 M can show how well Brookfield Infrastructure Partners performed in making a profits. Evaluating Brookfield Infrastructure income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Brookfield Infrastructure's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Brookfield Infrastructure latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Brookfield Infrastructure is a good buy for the upcoming year.
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About Brookfield Income Statement Analysis
Brookfield Infrastructure Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Brookfield Infrastructure shareholders. The income statement also shows Brookfield investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Brookfield Infrastructure Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Brookfield Infrastructure. It is also known as Brookfield Infrastructure overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Revenue
Total revenue comprises all receipts Brookfield Infrastructure generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Brookfield Infrastructure Partners minus its cost of goods sold. It is profit before Brookfield Infrastructure operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Cost Of Revenue
Cost of Revenue is found on Brookfield Infrastructure income statement and represents the costs associated with goods and services Brookfield Infrastructure provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Brookfield Infrastructure Partners whose combined shares represent less than 50% of the total outstanding shares issued by Brookfield Infrastructure have a minority interest in Brookfield Infrastructure.Most accounts from Brookfield Infrastructure's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Brookfield Infrastructure current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Infrastructure Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Brookfield Infrastructure's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 4.3 B, whereas Total Other Income Expense Net is projected to grow to (1.9 B).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.5B | 1.9B | 2.5B | 2.6B | Depreciation And Amortization | 2.0B | 2.2B | 2.7B | 2.9B |
Brookfield Infrastructure income statement Correlations
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Brookfield Infrastructure Account Relationship Matchups
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Brookfield Infrastructure income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Operating Expenses | 4.9B | 6.9B | 8.7B | 10.9B | 13.9B | 14.6B | |
| Operating Income | 1.8B | 2.4B | 4.7B | 3.6B | 4.0B | 4.3B | |
| Ebitda | 3.0B | 4.1B | 6.8B | 5.7B | 7.0B | 7.4B | |
| Total Operating Expenses | 1.5B | 2.0B | 406M | 433M | 413M | 595.5M | |
| Income Before Tax | 928M | 1.2B | 3.3B | 1.9B | 2.0B | 2.1B | |
| Total Other Income Expense Net | (781M) | (690M) | 680M | (1.3B) | (2.0B) | (1.9B) | |
| Net Income | 650M | 904M | 2.7B | 1.4B | 125M | 118.8M | |
| Income Tax Expense | 278M | 291M | 614M | 560M | 581M | 610.1M | |
| Depreciation And Amortization | 1.2B | 1.7B | 2.0B | 2.2B | 2.7B | 2.9B | |
| Interest Expense | 904M | 1.2B | 1.5B | 1.9B | 2.5B | 2.6B | |
| Total Revenue | 6.6B | 8.9B | 11.5B | 14.4B | 17.9B | 18.8B | |
| Gross Profit | 3.2B | 4.0B | 3.3B | 3.9B | 4.5B | 4.7B | |
| Ebit | 1.8B | 2.4B | 4.7B | 3.6B | 4.3B | 4.5B | |
| Cost Of Revenue | 3.4B | 4.8B | 8.2B | 10.5B | 13.5B | 14.1B | |
| Selling General Administrative | 279M | 312M | 406M | 433M | 413M | 268.1M | |
| Net Income From Continuing Ops | 650M | 904M | 2.7B | 1.4B | 1.4B | 964.4M | |
| Net Income Applicable To Common Shares | 19M | 121M | 613M | 87M | 100.1M | 161.9M | |
| Minority Interest | 16.2B | 16.3B | (2.0B) | (1.0B) | (1.1B) | (1.0B) | |
| Tax Provision | 278M | 291M | 614M | 560M | 581M | 395.5M | |
| Net Interest Income | (904M) | (1.2B) | (1.5B) | (1.9B) | (2.5B) | (2.4B) | |
| Reconciled Depreciation | 1.2B | 1.7B | 2.0B | 2.2B | 2.7B | 1.8B |
Pair Trading with Brookfield Infrastructure
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Brookfield Infrastructure position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Brookfield Infrastructure will appreciate offsetting losses from the drop in the long position's value.Moving together with Brookfield Stock
| 0.72 | JPM | JPMorgan Chase | PairCorr |
| 0.71 | BOFA | Bank of America | PairCorr |
| 0.64 | RY-PO | Royal Bank | PairCorr |
| 0.72 | RY-PM | Royal Bank | PairCorr |
Moving against Brookfield Stock
The ability to find closely correlated positions to Brookfield Infrastructure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Infrastructure when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brookfield Infrastructure - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brookfield Infrastructure Partners to buy it.
The correlation of Brookfield Infrastructure is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brookfield Infrastructure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Infrastructure moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Brookfield Infrastructure can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Infrastructure Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.