Goodyear Historical Income Statement
GT Stock | USD 9.07 0.47 4.93% |
Historical analysis of Goodyear Tire income statement accounts such as Total Revenue of 16.8 B can show how well Goodyear Tire Rubber performed in making a profits. Evaluating Goodyear Tire income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Goodyear Tire's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Goodyear Tire Rubber 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 Goodyear Tire Rubber is a good buy for the upcoming year.
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About Goodyear Income Statement Analysis
Goodyear Tire Rubber 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 Goodyear Tire shareholders. The income statement also shows Goodyear 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).
Goodyear Tire Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Goodyear Tire Rubber 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 Goodyear Tire Rubber minus its cost of goods sold. It is profit before Goodyear Tire 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 Goodyear Tire Rubber. It is also known as Goodyear Tire 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.Most accounts from Goodyear Tire's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Goodyear Tire Rubber 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Goodyear Tire's Tax Provision is comparatively stable compared to the past year. Interest Income is likely to gain to about 67.4 M in 2025, whereas Other Operating Expenses is likely to drop slightly above 2.6 B in 2025.
2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 3.9B | 3.5B | 18.9B | 19.8B | Total Revenue | 20.8B | 20.1B | 18.9B | 16.8B |
Goodyear Tire income statement Correlations
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Goodyear Tire Account Relationship Matchups
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Goodyear Tire income statement Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Depreciation And Amortization | 859M | 883M | 964M | 1.0B | 1.0B | 602.4M | |
Interest Expense | 324M | 387M | 451M | 532M | 522M | 548.1M | |
Total Revenue | 12.3B | 17.5B | 20.8B | 20.1B | 18.9B | 16.8B | |
Gross Profit | 2.0B | 3.8B | 3.9B | 3.5B | 18.9B | 19.8B | |
Other Operating Expenses | 12.5B | 16.4B | 19.8B | 20.0B | 2.8B | 2.6B | |
Operating Income | (327M) | 993M | 883M | 73M | 16.1B | 16.9B | |
Ebit | (790M) | 939M | 890M | (145M) | 677M | 970.7M | |
Ebitda | 69M | 1.8B | 1.9B | 856M | 1.7B | 1.6B | |
Cost Of Revenue | 10.3B | 13.7B | 17.0B | 16.6B | 15.2B | 13.1B | |
Total Operating Expenses | 2.2B | 2.7B | 2.8B | 3.5B | 2.8B | 2.8B | |
Income Before Tax | (1.1B) | 513M | 399M | (677M) | 155M | 283.8M | |
Total Other Income Expense Net | (813M) | (119M) | (484M) | (750M) | 155M | 162.8M | |
Net Income | (1.3B) | 764M | 202M | (689M) | 60M | 57M | |
Income Tax Expense | 110M | (267M) | 190M | 10M | 95M | 116.7M | |
Selling General Administrative | 2.2B | 2.7B | 2.8B | 2.7B | 2.8B | 2.7B | |
Net Income Applicable To Common Shares | (311M) | (1.3B) | 764M | 202M | 232.3M | 380.3M | |
Minority Interest | 4M | 16M | (7M) | (6M) | 10M | 9.5M | |
Net Income From Continuing Ops | (1.3B) | 780M | 209M | (496M) | 60M | 57M | |
Non Recurring | 205M | 159M | 93M | 129M | 148.4M | 109.5M | |
Non Operating Income Net Other | (98M) | (119M) | 94M | (75M) | (86.3M) | (90.6M) | |
Tax Provision | 110M | (267M) | 190M | 34M | 95M | 128.6M | |
Interest Income | 26M | 14M | 72M | 34M | 67M | 67.4M | |
Net Interest Income | (324M) | (387M) | (457M) | (512M) | (530M) | (556.5M) | |
Reconciled Depreciation | 859M | 883M | 964M | 997M | 1.0B | 977.1M |
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When running Goodyear Tire's price analysis, check to measure Goodyear Tire'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 Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.