Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Gravity .
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $725.52B | $463.62B | $413.94B | $405.95B | $360.97B | $286.77B | $141.62B | $34.96B | $35.66B | $35.36B |
| Cost of Revenue | $484.96B | $267.37B | $224.17B | $239.04B | $265.79B | $210.04B | $94.23B | $14.05B | $30.28B | $30.62B |
| Gross Profit | $240.56B | $196.25B | $189.77B | $166.91B | $95.18B | $76.73B | $47.39B | $20.91B | $5.38B | $4.75B |
| Gross Profit Ratio | 33.20% | 42.33% | 45.80% | 41.12% | 26.37% | 26.76% | 33.46% | 59.80% | 15.08% | 13.42% |
| Research and Development Expenses | $13.49B | $13.80B | $16.57B | $15.03B | $9.50B | $7.08B | $5.24B | $1.97B | $5.28B | $4.85B |
| General and Administrative Expenses | $47.70B | $43.59B | $36.59B | $30.29B | $20.42B | $17.68B | $15.27B | $12.81B | $9.60B | $14.26B |
| Selling and Marketing Expenses | $13.66B | $29.90B | $35.95B | $30.08B | $14.95B | $17.26B | $12.53B | $2.41B | $1.88B | $1.61B |
| Selling General and Administrative Expenses | $61.36B | $91.41B | $92.20B | $60.38B | $35.37B | $34.94B | $33.25B | $15.22B | $11.48B | $15.87B |
| Other Expenses | $5.35B | $-13.80B | $-16.57B | $1.97B | $1.47B | $92.04M | $-64.87M | $290.58M | $624.00M | $57.81M |
| Operating Expenses | $80.19B | $91.41B | $92.20B | $77.38B | $46.34B | $42.84B | $33.25B | $15.22B | $16.76B | $15.87B |
| Cost and Expenses | $565.15B | $358.78B | $316.37B | $316.43B | $312.13B | $252.88B | $127.49B | $29.27B | $47.04B | $46.49B |
| Interest Income | $11.49B | $13.21B | $1.27B | $902.00M | $1.35B | $807.22M | $541.00M | $522.00M | $671.00M | $1.13B |
| Interest Expense | $162.00M | $127.00M | $115.00M | $186.00M | $277.45M | $12.17M | $209.97M | $- | $4.00M | $11.00M |
| Depreciation and Amortization | $7.66B | $7.06B | $6.32B | $4.92B | $3.65B | $1.41B | $520.00M | $236.54M | $4.76B | $5.45B |
| EBITDA | $176.52B | $117.07B | $101.99B | $93.12B | $49.51B | $34.71B | $14.66B | $4.38B | $-10.91B | $-5.60B |
| EBITDA Ratio | 24.33% | 25.00% | 24.64% | 23.64% | 15.08% | 12.43% | 10.36% | 18.46% | -14.91% | -15.84% |
| Operating Income | $160.37B | $104.84B | $97.56B | $89.47B | $48.80B | $33.89B | $14.14B | $5.69B | $-17.23B | $-11.12B |
| Operating Income Ratio | 22.10% | 22.61% | 23.57% | 22.04% | 13.52% | 11.82% | 9.98% | 16.27% | -48.31% | -31.45% |
| Total Other Income Expenses Net | $8.33B | $5.04B | $2.58B | $-357.00M | $2.45B | $550.00M | $423.00M | $-7.00M | $1.55B | $977.00M |
| Income Before Tax | $168.70B | $109.88B | $99.30B | $88.01B | $51.26B | $34.44B | $14.46B | $2.48B | $-15.68B | $-11.03B |
| Income Before Tax Ratio | 23.25% | 23.70% | 23.99% | 21.68% | 14.20% | 12.01% | 10.21% | 7.10% | -43.97% | -31.18% |
| Income Tax Expense | $36.72B | $26.82B | $33.42B | $25.46B | $11.53B | $3.05B | $1.14B | $3.22B | $1.35B | $9.16B |
| Net Income | $132.02B | $83.16B | $65.95B | $62.70B | $39.88B | $31.44B | $13.32B | $-736.60M | $-16.96B | $-20.03B |
| Net Income Ratio | 18.20% | 17.94% | 15.93% | 15.45% | 11.05% | 10.96% | 9.40% | -2.11% | -47.57% | -56.64% |
| EPS | $18998.00 | $11968.00 | $9490.00 | $9023.00 | $5738.46 | $4524.86 | $1917.00 | $-106.00 | $-2441.39 | $-2882.45 |
| EPS Diluted | $18998.00 | $11968.00 | $9490.00 | $9023.00 | $5738.46 | $4524.86 | $1917.00 | $-106.00 | $-2441.39 | $-2882.45 |
| Weighted Average Shares Outstanding | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M |
| Weighted Average Shares Outstanding Diluted | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M | 6.95M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $184.08B | $169.88B | $99.10B | $110.63B | $79.43B | $86.05B | $39.10B | $14.00B | $24.91B | $27.85B |
| Short Term Investments | $281.65B | $170.37B | $148.60B | $71.82B | $39.50B | $9.50B | $22.50B | $21.50B | $11.50B | $14.50B |
| Cash and Short Term Investments | $465.74B | $340.25B | $247.70B | $182.45B | $118.93B | $95.55B | $61.60B | $35.50B | $36.41B | $42.35B |
| Net Receivables | $74.85B | $77.40B | $53.70B | $59.76B | $32.31B | $60.80B | $42.87B | $12.53B | $5.45B | $5.16B |
| Inventory | $468.00K | $3.33B | $3.16B | $2.24B | $1.96B | $2.52B | $3.03B | $1.21B | $982.00M | $975.41M |
| Other Current Assets | $6.31B | $4.26B | $5.82B | $4.37B | $4.45B | $3.82B | $5.11B | $2.34B | $1.76B | $2.65B |
| Total Current Assets | $546.90B | $421.77B | $306.13B | $246.59B | $155.86B | $160.17B | $108.87B | $48.50B | $43.68B | $50.22B |
| Property Plant Equipment Net | $10.15B | $8.14B | $11.34B | $7.70B | $6.66B | $1.50B | $945.94M | $320.56M | $882.00M | $708.12M |
| Goodwill | $- | $478.00K | $28.00K | $- | $- | $- | $49.00K | $- | $- | $1.21B |
| Intangible Assets | $6.37B | $3.87B | $3.34B | $3.36B | $1.72B | $1.16B | $1.04B | $132.87M | $132.00M | $9.16B |
| Goodwill and Intangible Assets | $6.37B | $3.87B | $3.34B | $3.36B | $1.72B | $1.16B | $1.04B | $132.87M | $132.00M | $9.16B |
| Long Term Investments | $1.82B | $2.18B | $3.02B | $1.32B | $1.77B | $1.49B | $1.39B | $1.70B | $- | $1.65B |
| Tax Assets | $5.95B | $5.66B | $1.72B | $3.59B | $7.67B | $7.41B | $3.04B | $924.33M | $- | $846.85M |
| Other Non-Current Assets | $6.98B | $2.48B | $1.97B | $2.81B | $1.74B | $1.44B | $599.77M | $601.08M | $1.04B | $1.14B |
| Total Non-Current Assets | $31.28B | $22.33B | $21.39B | $18.79B | $19.56B | $13.01B | $7.01B | $3.68B | $2.05B | $13.51B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $578.18B | $444.09B | $327.53B | $265.37B | $175.43B | $173.17B | $115.88B | $52.18B | $45.73B | $63.73B |
| Account Payables | $61.78B | $73.55B | $41.20B | $52.69B | $37.50B | $71.93B | $44.41B | $9.72B | $2.97B | $2.71B |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $20.00B | $8.67B | $14.23B | $12.32B | $4.38B | $3.96B | $3.07B | $300.07M | $- | $305.88M |
| Deferred Revenue | $18.09B | $18.54B | $13.48B | $13.69B | $10.75B | $16.48B | $16.10B | $7.30B | $5.00B | $5.86B |
| Other Current Liabilities | $6.56B | $23.49B | $18.57B | $17.71B | $13.91B | $17.63B | $17.27B | $-3.33B | $5.83B | $6.30B |
| Total Current Liabilities | $106.43B | $105.71B | $74.00B | $82.72B | $55.79B | $93.52B | $64.74B | $16.38B | $8.80B | $9.32B |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $1.78B | $30.24M | $98.23M | $101.02M | $98.23M | $3.60B | $6.58B | $3.47B | $6.60B | $5.27B |
| Deferred Tax Liabilities Non-Current | $2.38B | $2.83B | $-5.12B | $-3.25B | $4.71M | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $3.85B | $8.20B | $6.69B | $5.30B | $3.87B | $4.10B | $7.14B | $330.82M | $6.93B | $5.48B |
| Total Non-Current Liabilities | $8.02B | $8.20B | $6.69B | $5.30B | $3.87B | $4.10B | $7.14B | $3.80B | $6.93B | $5.48B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $114.45B | $113.91B | $80.69B | $88.02B | $59.66B | $97.62B | $71.88B | $20.18B | $15.74B | $14.80B |
| Preferred Stock | $- | $- | $- | $1.04B | $- | $- | $- | $- | $- | $- |
| Common Stock | $3.47B | $3.47B | $3.47B | $3.47B | $3.47B | $3.47B | $3.47B | $3.47B | $3.47B | $3.47B |
| Retained Earnings | $428.50B | $296.48B | $213.32B | $147.37B | $84.67B | $45.40B | $13.96B | $-736.60M | $-48.76B | $-20.03B |
| Accumulated Other Comprehensive Income Loss | $- | $2.48B | $2.18B | $-1.04B | $274.54M | $138.43M | $-39.68M | $1.06B | $694.00M | $1.33B |
| Other Total Stockholders Equity | $31.11B | $27.10B | $27.10B | $25.02B | $27.13B | $27.14B | $27.16B | $28.70B | $75.08B | $75.08B |
| Total Stockholders Equity | $463.09B | $329.53B | $246.07B | $176.91B | $115.54B | $76.16B | $44.56B | $32.00B | $30.48B | $48.74B |
| Total Equity | $463.73B | $330.18B | $246.84B | $177.35B | $115.77B | $75.55B | $44.00B | $31.44B | $29.99B | $48.93B |
| Total Liabilities and Stockholders Equity | $578.18B | $444.09B | $327.53B | $265.37B | $175.43B | $173.17B | $115.88B | $52.18B | $45.73B | $63.73B |
| Minority Interest | $641.00M | $651.90M | $769.95M | $437.14M | $221.35M | $-605.96M | $-561.73M | $-562.00M | $-491.00M | $194.79M |
| Total Liabilities and Total Equity | $578.18B | $444.09B | $327.53B | $265.37B | $175.43B | $173.17B | $115.88B | $52.18B | $45.73B | $63.73B |
| Total Investments | $283.48B | $172.55B | $151.62B | $73.14B | $41.27B | $10.99B | $23.89B | $23.70B | $11.50B | $16.15B |
| Total Debt | $2.34B | $3.06B | $5.12B | $3.25B | $3.01B | $- | $- | $- | $- | $- |
| Net Debt | $-184.08B | $-166.82B | $-93.98B | $-107.39B | $-76.42B | $-86.05B | $-39.10B | $-14.00B | $-24.91B | $-27.85B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $132.02B | $83.06B | $65.88B | $62.56B | $39.73B | $31.39B | $13.31B | $-736.60M | $-17.03B | $-20.19B |
| Depreciation and Amortization | $7.66B | $7.06B | $6.32B | $4.92B | $3.65B | $1.41B | $520.00M | $236.54M | $4.76B | $5.45B |
| Deferred Income Tax | $36.72B | $26.82B | $33.42B | $25.46B | $11.53B | $3.05B | $1.14B | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-5.03B | $10.25B | $-2.88B | $-12.95B | $-17.21B | $6.70B | $12.88B | $-424.91M | $1.18B | $8.58B |
| Accounts Receivables | $2.36B | $-38.20B | $5.53B | $-29.12B | $30.14B | $-18.57B | $-27.79B | $-6.32B | $24.00M | $-56.95M |
| Inventory | $- | $- | $-1.77B | $-2.81B | $1.31B | $1.12B | $-7.26B | $-1.84B | $569.00M | $-41.29M |
| Accounts Payables | $-13.84B | $43.90B | $-8.51B | $15.51B | $-37.15B | $27.32B | $35.05B | $1.58B | $102.00M | $-1.26B |
| Other Working Capital | $6.44B | $4.55B | $1.87B | $3.46B | $-11.52B | $-3.16B | $12.88B | $6.15B | $482.00M | $9.93B |
| Other Non Cash Items | $-38.93B | $-28.92B | $40.58B | $-902.12M | $-1.35B | $-819.40M | $2.00B | $3.99B | $5.11B | $1.19B |
| Net Cash Provided by Operating Activities | $132.43B | $98.28B | $74.18B | $69.86B | $26.37B | $35.97B | $26.14B | $3.07B | $-5.98B | $-4.97B |
| Investments in Property Plant and Equipment | $-2.46B | $-2.80B | $-4.21B | $-3.70B | $-2.34B | $-2.25B | $-2.06B | $-98.50M | $-418.00M | $-593.17M |
| Acquisitions Net | $- | $- | $2.46B | $2.62B | $1.36B | $- | $-1.16B | $9.36M | $15.00M | $1.00K |
| Purchases of Investments | $-110.81B | $-19.56B | $-78.88B | $-32.38B | $-30.32B | $- | $-930.12M | $-53.00B | $-49.00B | $-41.50B |
| Sales Maturities of Investments | $3.00M | $5.10M | $594.77M | $22.48M | $42.77M | $13.00B | $7.01M | $43.00B | $52.00B | $45.00B |
| Other Investing Activities | $-3.32B | $14.41M | $-2.44B | $-2.62B | $-1.27B | $72.65M | $1.17B | $-1.16B | $-2.00M | $188.75M |
| Net Cash Used for Investing Activities | $-116.58B | $-22.34B | $-82.47B | $-36.05B | $-32.53B | $10.82B | $-2.98B | $-11.25B | $2.60B | $3.10B |
| Debt Repayment | $-4.08B | $-3.92B | $-3.65B | $-2.89B | $-2.03B | $-197.16M | $- | $- | $-117.00M | $-144.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $23.00K | $342.00M | $346.00M | $348.00M | $- | $- | $-5.00M | $- | $- |
| Net Cash Used Provided by Financing Activities | $-4.08B | $-3.92B | $-3.31B | $-2.55B | $-1.69B | $-197.16M | $-544.00K | $-5.00M | $-117.00M | $-144.00M |
| Effect of Forex Changes on Cash | $2.44B | $-1.25B | $67.28M | $-55.69M | $1.22B | $357.88M | $-778.70M | $24.72M | $27.00M | $-32.00M |
| Net Change in Cash | $14.21B | $70.77B | $-11.53B | $31.20B | $-6.62B | $46.96B | $22.38B | $-8.16B | $-3.47B | $-1.88B |
| Cash at End of Period | $184.08B | $169.88B | $99.10B | $110.63B | $79.43B | $86.05B | $39.10B | $14.00B | $24.91B | $27.85B |
| Cash at Beginning of Period | $169.88B | $99.10B | $110.63B | $79.43B | $86.05B | $39.10B | $16.72B | $22.15B | $28.38B | $29.72B |
| Operating Cash Flow | $132.43B | $98.28B | $74.18B | $69.86B | $26.37B | $35.97B | $26.14B | $3.07B | $-5.98B | $-4.97B |
| Capital Expenditure | $-5.80B | $-2.80B | $-4.21B | $-3.70B | $-2.34B | $-2.25B | $-2.06B | $-98.50M | $-418.00M | $-593.17M |
| Free Cash Flow | $126.63B | $95.48B | $69.97B | $66.16B | $24.03B | $33.72B | $24.07B | $2.97B | $-6.40B | $-5.57B |