National Historical Income Statement
| NGG Stock | USD 63.33 0.50 0.80% |
Historical analysis of National Grid income statement accounts such as Gross Profit of 15.3 B can show how well National Grid PLC performed in making a profits. Evaluating National Grid income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of National Grid's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining National Grid PLC 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 National Grid PLC is a good buy for the upcoming year.
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About National Income Statement Analysis
National Grid PLC 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 National Grid shareholders. The income statement also shows National 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).
National Grid Income Statement Chart
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Total Revenue
Total revenue comprises all receipts National Grid PLC 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 National Grid PLC minus its cost of goods sold. It is profit before National Grid 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 National Grid PLC. It is also known as National Grid 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 National Grid PLC 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 National Grid PLC 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.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from National Grid's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into National Grid PLC 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Grid PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, National Grid's Research Development is most likely to increase significantly in the upcoming years. The National Grid's current Cost Of Revenue is estimated to increase to about 6.3 B, while Total Revenue is projected to decrease to roughly 11.1 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.2B | 1.7B | 1.7B | 1.0B | Depreciation And Amortization | 1.9B | 2.1B | 2.1B | 2.2B |
National Grid income statement Correlations
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National Grid income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 206.3K | 1.6B | 1.9B | 2.1B | 2.1B | 2.2B | |
| Interest Expense | 1.1B | 845M | 1.2B | 1.7B | 1.7B | 1.0B | |
| Total Revenue | 14.5B | 13.7B | 18.4B | 21.7B | 19.9B | 11.1B | |
| Gross Profit | 8.6B | 8.1B | 11.4B | 13.4B | 14.6B | 15.3B | |
| Other Operating Expenses | 11.3B | 11.3B | 14.6B | 16.6B | 15.4B | 8.5B | |
| Operating Income | 3.2B | 2.4B | 3.8B | 4.0B | 4.5B | 2.6B | |
| Ebit | 4.9B | 2.4B | 4.1B | 3.5B | 4.8B | 3.0B | |
| Ebitda | 4.9B | 3.9B | 6.0B | 5.6B | 6.8B | 3.8B | |
| Total Operating Expenses | 5.3B | 5.7B | 7.6B | 16.6B | 10.1B | 6.7B | |
| Income Before Tax | 1.4B | 1.6B | 3.3B | 3.6B | 3.0B | 1.8B | |
| Total Other Income Expense Net | (1.6B) | (737M) | (930M) | (1.3B) | (1.4B) | (1.4B) | |
| Net Income | 1.3B | 1.6B | 2.4B | 7.8B | 2.3B | 1.8B | |
| Income Tax Expense | 370M | 360M | 1.3B | 876M | 831M | 453.1M | |
| Cost Of Revenue | 6.0B | 5.6B | 7.0B | 8.2B | 5.3B | 6.3B | |
| Net Income Applicable To Common Shares | 1.3B | 1.6B | 2.4B | 7.8B | 9.0B | 9.4B | |
| Minority Interest | 20M | 22M | 21M | (1M) | (900K) | (855K) | |
| Selling General Administrative | 1.8B | 206M | 1.9B | 2.1B | 2.5B | 1.8B | |
| Discontinued Operations | 2M | 12M | (9M) | 171M | 153.9M | 146.2M | |
| Net Income From Continuing Ops | 1.3B | 1.6B | 2.2B | 2.7B | 2.2B | 2.1B | |
| Tax Provision | 480M | 442M | 1.3B | 876M | 831M | 672.7M | |
| Extraordinary Items | (9M) | 337M | 171M | 5.1B | 4.6B | 4.8B | |
| Interest Income | 936M | 40M | 43M | 165M | 239M | 406.3M | |
| Net Interest Income | (1.0B) | (944M) | (1.1B) | (1.5B) | (1.5B) | (1.6B) | |
| Reconciled Depreciation | 1.6B | 1.7B | 1.8B | 2.0B | 2.1B | 1.9B |
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When determining whether National Grid PLC is a strong investment it is important to analyze National Grid's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact National Grid's future performance. For an informed investment choice regarding National Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Grid PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of National Grid. If investors know National will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about National Grid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.82) | Dividend Share 0.55 | Earnings Share 2.56 | Revenue Per Share 3.9126 | Quarterly Revenue Growth (0.06) |
The market value of National Grid PLC is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Grid's value that differs from its market value or its book value, called intrinsic value, which is National Grid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because National Grid's market value can be influenced by many factors that don't directly affect National Grid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between National Grid's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Grid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Grid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.