Elevance Historical Income Statement

ELV Stock

USD 406.96 4.21 1.05%

Historical analysis of Elevance Health income statement accounts such as Gross Profit of 161.7 B or Other Operating Expenses of 64.5 B can show how well Elevance Health performed in making a profits. Evaluating Elevance Health income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Elevance Health's future profits or losses.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Elevance Health 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 Elevance Health is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elevance Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.

About Elevance Income Statement Analysis

Elevance Health 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 Elevance Health shareholders. The income statement also shows Elevance 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).

Elevance Health Income Statement Chart

At this time, Elevance Health's Interest Expense is fairly stable compared to the past year. Total Revenue is likely to climb to about 179.9 B in 2024, whereas EBITDA is likely to drop slightly above 6.8 B in 2024.

Total Revenue Gross Profit Other Operating Expenses Operating Income Net Income Research Development

Total Revenue

Total revenue comprises all receipts Elevance Health 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 Elevance Health minus its cost of goods sold. It is profit before Elevance Health 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Elevance Health. It is also known as Elevance Health 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.

Operating Income

Operating Income is the amount of profit realized from Elevance Health operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Elevance Health is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Elevance Health financial statement analysis. It represents the amount of money remaining after all of Elevance Health operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from Elevance Health's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Elevance Health 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elevance Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.At this time, Elevance Health's Interest Expense is fairly stable compared to the past year. Total Revenue is likely to climb to about 179.9 B in 2024, whereas EBITDA is likely to drop slightly above 6.8 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	36.0B	40.0B	154.0B	161.7B
Total Revenue	138.6B	156.6B	171.3B	179.9B

Gross Profit Total Revenue

Elevance Health income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Cost Of Revenue	Income Before Tax	Minority Interest	Depreciation And Amortization	Selling General Administrative	Total Other Income Expense Net	Selling And Marketing Expenses	Net Income From Continuing Ops	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.93	0.68	0.49	0.58	-0.22	0.0	0.2	0.74	0.53	0.2	0.79	-0.54	0.94	0.35	-0.59	0.73	0.58	0.74	-0.31	0.76	-0.7	0.69
Total Revenue	0.93		0.55	0.48	0.67	0.05	0.29	0.32	0.8	0.45	0.19	0.83	-0.58	0.98	0.12	-0.65	0.85	0.67	0.66	-0.2	0.89	-0.85	0.87
Gross Profit	0.68	0.55		-0.23	0.77	-0.25	-0.08	-0.02	0.21	0.17	-0.47	0.24	-0.84	0.6	0.3	-0.82	0.38	0.29	0.39	-0.25	0.49	-0.66	0.38
Other Operating Expenses	0.49	0.48	-0.23		-0.32	-0.17	-0.07	0.0	0.69	0.44	0.77	0.7	0.42	0.47	0.21	0.22	0.45	0.49	0.55	-0.27	0.28	0.01	0.31
Operating Income	0.58	0.67	0.77	-0.32		0.2	0.37	0.35	0.23	0.08	-0.46	0.25	-0.98	0.66	-0.08	-0.89	0.54	0.3	0.25	0.01	0.7	-0.94	0.67
Ebit	-0.22	0.05	-0.25	-0.17	0.2		0.97	0.01	0.07	-0.28	-0.19	-0.01	-0.14	0.01	-0.19	-0.19	0.26	0.26	-0.01	0.1	0.39	-0.25	0.45
Ebitda	0.0	0.29	-0.08	-0.07	0.37	0.97		0.07	0.23	-0.17	-0.17	0.16	-0.29	0.25	-0.15	-0.36	0.45	0.4	0.14	0.06	0.57	-0.46	0.64
Total Operating Expenses	0.2	0.32	-0.02	0.0	0.35	0.01	0.07		0.08	0.23	0.3	0.15	-0.28	0.25	-0.33	0.0	-0.09	-0.36	-0.02	0.3	0.23	-0.39	0.24
Net Income	0.74	0.8	0.21	0.69	0.23	0.07	0.23	0.08		0.42	0.41	0.96	-0.14	0.77	0.1	-0.34	0.76	0.79	0.6	-0.34	0.78	-0.45	0.76
Income Tax Expense	0.53	0.45	0.17	0.44	0.08	-0.28	-0.17	0.23	0.42		0.39	0.66	-0.06	0.48	0.22	-0.06	0.28	0.07	0.45	0.46	0.24	-0.16	0.29
Cost Of Revenue	0.2	0.19	-0.47	0.77	-0.46	-0.19	-0.17	0.3	0.41	0.39		0.44	0.54	0.18	0.04	0.62	0.06	0.05	0.28	-0.06	0.06	0.21	0.08
Income Before Tax	0.79	0.83	0.24	0.7	0.25	-0.01	0.16	0.15	0.96	0.66	0.44		-0.17	0.82	0.14	-0.33	0.74	0.69	0.64	-0.12	0.74	-0.46	0.74
Minority Interest	-0.54	-0.58	-0.84	0.42	-0.98	-0.14	-0.29	-0.28	-0.14	-0.06	0.54	-0.17		-0.58	-0.06	0.88	-0.44	-0.21	-0.2	0.01	-0.62	0.87	-0.56
Depreciation And Amortization	0.94	0.98	0.6	0.47	0.66	0.01	0.25	0.25	0.77	0.48	0.18	0.82	-0.58		0.17	-0.65	0.83	0.67	0.64	-0.17	0.85	-0.83	0.87
Selling General Administrative	0.35	0.12	0.3	0.21	-0.08	-0.19	-0.15	-0.33	0.1	0.22	0.04	0.14	-0.06	0.17		-0.08	0.16	0.11	0.43	-0.36	0.05	0.08	-0.09
Total Other Income Expense Net	-0.59	-0.65	-0.82	0.22	-0.89	-0.19	-0.36	0.0	-0.34	-0.06	0.62	-0.33	0.88	-0.65	-0.08		-0.62	-0.5	-0.32	0.14	-0.67	0.83	-0.64
Selling And Marketing Expenses	0.73	0.85	0.38	0.45	0.54	0.26	0.45	-0.09	0.76	0.28	0.06	0.74	-0.44	0.83	0.16	-0.62		0.88	0.57	-0.21	0.83	-0.72	0.84
Net Income From Continuing Ops	0.58	0.67	0.29	0.49	0.3	0.26	0.4	-0.36	0.79	0.07	0.05	0.69	-0.21	0.67	0.11	-0.5	0.88		0.49	-0.44	0.72	-0.47	0.73
Discontinued Operations	0.74	0.66	0.39	0.55	0.25	-0.01	0.14	-0.02	0.6	0.45	0.28	0.64	-0.2	0.64	0.43	-0.32	0.57	0.49		-0.41	0.58	-0.38	0.46
Tax Provision	-0.31	-0.2	-0.25	-0.27	0.01	0.1	0.06	0.3	-0.34	0.46	-0.06	-0.12	0.01	-0.17	-0.36	0.14	-0.21	-0.44	-0.41		-0.26	0.06	-0.07
Interest Income	0.76	0.89	0.49	0.28	0.7	0.39	0.57	0.23	0.78	0.24	0.06	0.74	-0.62	0.85	0.05	-0.67	0.83	0.72	0.58	-0.26		-0.83	0.94
Net Interest Income	-0.7	-0.85	-0.66	0.01	-0.94	-0.25	-0.46	-0.39	-0.45	-0.16	0.21	-0.46	0.87	-0.83	0.08	0.83	-0.72	-0.47	-0.38	0.06	-0.83		-0.84
Reconciled Depreciation	0.69	0.87	0.38	0.31	0.67	0.45	0.64	0.24	0.76	0.29	0.08	0.74	-0.56	0.87	-0.09	-0.64	0.84	0.73	0.46	-0.07	0.94	-0.84

Click cells to compare fundamentals

Elevance Health Account Relationship Matchups

Elevance Health income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	746M	784M	798M	851M	1.0B	1.1B
Total Revenue	104.2B	121.9B	138.6B	156.6B	171.3B	179.9B
Gross Profit	102.2B	33.8B	36.0B	40.0B	154.0B	161.7B
Other Operating Expenses	98.2B	114.2B	129.7B	148.1B	37.4B	64.5B
Operating Income	6.0B	7.7B	8.9B	8.5B	134.0B	140.7B
Ebit	6.0B	7.0B	4.7B	8.5B	8.7B	4.4B
Ebitda	7.1B	8.2B	6.0B	10.1B	10.5B	6.8B
Total Operating Expenses	(98.2B)	26.1B	27.0B	31.5B	36.2B	38.0B
Net Income	4.8B	4.6B	6.1B	5.9B	6.0B	3.1B
Income Tax Expense	1.2B	1.7B	1.8B	1.7B	1.7B	1.3B
Cost Of Revenue	2.0B	88.0B	102.6B	116.6B	17.3B	16.4B
Income Before Tax	6.0B	6.2B	7.9B	7.6B	7.7B	4.7B
Net Income Applicable To Common Shares	4.8B	4.6B	6.1B	6.0B	6.9B	7.3B
Depreciation And Amortization	1.1B	1.2B	1.3B	1.7B	1.7B	1.8B
Selling General Administrative	13.4B	17.5B	6.9M	7.5B	8.6B	8.6B
Total Other Income Expense Net	(82.9B)	(1.5B)	(1.0B)	(851M)	(126.2B)	(119.9B)
Net Income From Continuing Ops	7.2B	4.6B	6.1B	6.0B	6.2B	4.9B
Tax Provision	1.2B	1.7B	1.8B	1.8B	1.8B	1.7B
Interest Income	746M	784M	798M	851M	978.7M	831.5M
Net Interest Income	(746M)	(784M)	(798M)	(851M)	(1B)	(1.1B)
Reconciled Depreciation	1.1B	1.2B	1.3B	1.7B	1.8B	1.4B

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Elevance Stock Analysis

When running Elevance Health's price analysis, check to measure Elevance Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Elevance Historical Income Statement

About Elevance Income Statement Analysis

Elevance Health Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Net Income

Elevance Health income statement Correlations

Elevance Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elevance Health income statement Accounts

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Elevance Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Depreciation And Amortization	+ 0.98	Total Revenue
Ebitda	+ 0.97	Ebit
Income Before Tax	+ 0.96	Net Income
Depreciation And Amortization	+ 0.94	Interest Expense
Reconciled Depreciation	+ 0.94	Interest Income
Total Revenue	+ 0.93	Interest Expense

Minority Interest	- 0.98	Operating Income
Net Interest Income	- 0.94	Operating Income
Total Other Income Expense Net	- 0.89	Operating Income
Net Interest Income	- 0.85	Total Revenue
Reconciled Depreciation	- 0.84	Net Interest Income
Minority Interest	- 0.84	Gross Profit