Kitron ASA (KIT.OL) Financial Statements
Price: $46.08
Market Cap: $9.22B
Avg Volume: 994.13K
Market Cap: $9.22B
Avg Volume: 994.13K
Country: NO
Industry: Hardware, Equipment & Parts
Sector: Technology
Industry: Hardware, Equipment & Parts
Sector: Technology
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 Kitron ASA.
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 | $8.86B | $6.49B | $3.71B | $3.96B | $3.30B | $2.62B | $2.44B | $2.09B | $1.95B | $1.75B |
| Cost of Revenue | $8.07B | $4.45B | $2.45B | $2.65B | $2.22B | $1.76B | $1.62B | $1.35B | $1.24B | $1.11B |
| Gross Profit | $793.10M | $2.04B | $1.26B | $1.32B | $1.08B | $863.01M | $816.72M | $744.91M | $707.70M | $636.69M |
| Gross Profit Ratio | 8.95% | 31.47% | 34.00% | 33.25% | 32.71% | 32.95% | 33.52% | 35.59% | 36.26% | 36.36% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $-601.30M | $- | $- | $- | $- | $- | $134.17M | $127.71M | $- | $- |
| Other Expenses | $778.40M | $1.58B | $1.02B | $998.48M | $873.41M | $-3.69M | $667.17M | $624.35M | $608.65M | $605.13M |
| Operating Expenses | $177.10M | $1.58B | $1.02B | $998.48M | $873.41M | $703.23M | $667.17M | $624.35M | $608.65M | $605.13M |
| Cost and Expenses | $8.07B | $6.03B | $3.47B | $3.64B | $3.09B | $2.46B | $2.29B | $1.97B | $1.85B | $1.72B |
| Interest Income | $4.90M | $12.48M | $3.79M | $4.79M | $3.58M | $2.50M | $1.21M | $1.13M | $18.64M | $1.60M |
| Interest Expense | $13.30M | $70.00M | $25.57M | $28.64M | $24.74M | $11.32M | $8.93M | $11.86M | $13.55M | $12.50M |
| Depreciation and Amortization | $17.50M | $161.41M | $101.05M | $101.83M | $84.06M | $52.82M | $52.46M | $46.12M | $41.30M | $34.67M |
| EBITDA | $95.50M | $638.40M | $333.24M | $411.71M | $286.19M | $210.26M | $198.49M | $160.22M | $162.58M | $58.93M |
| EBITDA Ratio | 1.08% | 9.61% | 8.91% | 10.21% | 8.44% | 7.84% | 7.96% | 7.49% | 8.05% | 4.38% |
| Operating Income | $70.70M | $459.59M | $240.81M | $312.57M | $201.50M | $156.10M | $148.68M | $117.83M | $102.74M | $30.04M |
| Operating Income Ratio | 0.80% | 7.09% | 6.49% | 7.89% | 6.11% | 5.96% | 6.10% | 5.63% | 5.26% | 1.72% |
| Total Other Income Expenses Net | $669.83M | $347.03M | $-36.65M | $244.32M | $-31.92M | $-14.88M | $-16.18M | $85.85M | $91.63M | $-434.00K |
| Income Before Tax | $740.53M | $392.23M | $204.16M | $274.09M | $169.58M | $141.22M | $132.50M | $98.81M | $102.32M | $29.61M |
| Income Before Tax Ratio | 8.36% | 6.05% | 5.50% | 6.91% | 5.14% | 5.39% | 5.44% | 4.72% | 5.24% | 1.69% |
| Income Tax Expense | $156.56M | $105.09M | $51.32M | $61.03M | $37.08M | $30.95M | $33.50M | $24.26M | $30.09M | $5.32M |
| Net Income | $573.14M | $287.15M | $152.84M | $213.06M | $132.50M | $110.27M | $99.00M | $74.55M | $72.22M | $24.29M |
| Net Income Ratio | 6.47% | 4.43% | 4.12% | 5.37% | 4.02% | 4.21% | 4.06% | 3.56% | 3.70% | 1.39% |
| EPS | $2.89 | $1.46 | $0.85 | $1.19 | $0.74 | $0.63 | $0.06 | $0.05 | $0.04 | $0.02 |
| EPS Diluted | $2.87 | $1.43 | $0.84 | $1.18 | $0.74 | $0.61 | $0.06 | $0.05 | $0.04 | $0.02 |
| Weighted Average Shares Outstanding | 197.99M | 197.24M | 179.20M | 179.10M | 177.89M | 176.19M | 176.19M | 173.55M | 172.96M | 172.96M |
| Weighted Average Shares Outstanding Diluted | 200.00M | 200.14M | 181.39M | 180.49M | 177.89M | 180.70M | 177.48M | 180.06M | 178.45M | 172.96M |
| 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 | $39.00M | $272.70M | $428.04M | $152.57M | $203.98M | $45.65M | $166.70M | $110.56M | $106.20M | $2.04M |
| Short Term Investments | $398.43M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $437.43M | $272.70M | $428.04M | $152.57M | $203.98M | $45.65M | $166.70M | $110.56M | $106.20M | $2.04M |
| Net Receivables | $2.35B | $- | $1.28B | $1.23B | $1.01B | $935.56M | $551.40M | $444.30M | $399.36M | $379.73M |
| Inventory | $1.87B | $1.82B | $880.30M | $544.98M | $445.60M | $448.20M | $398.90M | $384.87M | $361.35M | $402.26M |
| Other Current Assets | $237.85M | $33.04M | $106.72M | $68.84M | $72.03M | $58.10M | $48.23M | $42.22M | $45.04M | $30.91M |
| Total Current Assets | $4.79B | $4.37B | $2.69B | $1.99B | $1.74B | $1.49B | $1.18B | $1.01B | $924.71M | $825.24M |
| Property Plant Equipment Net | $837.84M | $614.52M | $452.44M | $494.85M | $507.09M | $293.19M | $277.87M | $232.30M | $211.83M | $162.15M |
| Goodwill | $44.80M | $472.86M | $36.93M | $36.93M | $36.93M | $26.79M | $26.79M | $26.79M | $26.79M | $26.79M |
| Intangible Assets | $27.20M | $318.49M | $44.92M | $52.76M | $27.96M | $12.60M | $10.77M | $17.73M | $25.84M | $32.41M |
| Goodwill and Intangible Assets | $72.00M | $791.35M | $81.85M | $89.69M | $64.89M | $39.39M | $37.56M | $44.52M | $52.63M | $59.20M |
| Long Term Investments | $10.10M | $10.41M | $10.32M | $4.60M | $2.21M | $- | $- | $- | $- | $-1.00K |
| Tax Assets | $69.55M | $91.66M | $73.99M | $72.38M | $86.77M | $45.99M | $58.02M | $70.38M | $84.81M | $105.41M |
| Other Non-Current Assets | $737.03M | $- | $1.00K | $- | $2.00K | $- | $-2.00K | $2.00K | $-1.00K | $1.00K |
| Total Non-Current Assets | $1.73B | $1.51B | $618.60M | $661.53M | $660.96M | $378.57M | $373.45M | $347.20M | $349.27M | $326.75M |
| Other Assets | $-370.71K | $- | $1.00K | $- | $- | $1.00K | $- | $- | $- | $- |
| Total Assets | $6.51B | $5.87B | $3.31B | $2.65B | $2.40B | $1.87B | $1.55B | $1.35B | $1.27B | $1.15B |
| Account Payables | $139.40M | $139.80M | $917.78M | $702.37M | $514.43M | $594.81M | $428.80M | $315.13M | $254.05M | $214.68M |
| Short Term Debt | $55.10M | $61.20M | $793.25M | $642.72M | $616.23M | $400.97M | $275.48M | $288.80M | $281.69M | $320.94M |
| Tax Payables | $6.30M | $65.40M | $19.05M | $14.61M | $5.78M | $7.96M | $8.52M | $4.75M | $65.00K | $68.00K |
| Deferred Revenue | $- | $- | $- | $- | $- | $7.96M | $94.80M | $4.75M | $101.79M | $68.00K |
| Other Current Liabilities | $76.30M | $2.76B | $131.06M | $128.09M | $167.51M | $122.90M | $86.28M | $90.78M | $-1.86M | $93.03M |
| Total Current Liabilities | $277.10M | $3.03B | $1.86B | $1.49B | $1.30B | $1.13B | $799.08M | $699.46M | $635.73M | $628.71M |
| Long Term Debt | $286.87M | $1.26B | $206.23M | $267.89M | $331.03M | $40.83M | $76.43M | $61.46M | $64.17M | $15.28M |
| Deferred Revenue Non-Current | $999.41M | $- | $5.56M | $5.67M | $- | $5.97M | $6.21M | $- | $6.50M | $- |
| Deferred Tax Liabilities Non-Current | $60.58M | $66.37M | $4.22M | $4.73M | $16.13M | $1.20M | $3.42M | $944.00K | $1.07M | $1.08M |
| Other Non-Current Liabilities | $1.00B | $17.44M | $9.79M | $13.48M | $5.90M | $7.16M | $9.62M | $6.34M | $6.50M | $12.24M |
| Total Non-Current Liabilities | $1.35B | $1.34B | $220.24M | $281.38M | $353.06M | $47.99M | $86.06M | $68.75M | $71.74M | $28.60M |
| Other Liabilities | $2.83B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $4.46B | $4.37B | $2.08B | $1.77B | $1.66B | $1.17B | $885.13M | $768.21M | $707.47M | $657.31M |
| Preferred Stock | $- | $- | $16.31M | $- | $15.81M | $- | $- | $- | $- | $- |
| Common Stock | $1.90M | $19.77M | $19.70M | $17.91M | $17.91M | $473.68M | $473.68M | $473.68M | $473.35M | $473.35M |
| Retained Earnings | $106.00M | $669.92M | $432.03M | $404.56M | $281.06M | $219.03M | $205.67M | $150.72M | $112.49M | $48.91M |
| Accumulated Other Comprehensive Income Loss | $- | $24.18M | $-16.31M | $7.13M | $-15.81M | $-914.53M | $-866.66M | $-822.27M | $-784.44M | $-751.18M |
| Other Total Stockholders Equity | $1.95B | $792.62M | $792.62M | $456.06M | $456.06M | $- | $-1 | $- | $- | $-1 |
| Total Stockholders Equity | $2.06B | $1.51B | $1.23B | $885.65M | $739.21M | $691.46M | $663.57M | $584.80M | $566.51M | $494.68M |
| Total Equity | $2.06B | $1.51B | $1.23B | $885.65M | $739.21M | $691.46M | $663.57M | $584.80M | $566.51M | $494.68M |
| Total Liabilities and Stockholders Equity | $6.52B | $5.87B | $3.31B | $2.65B | $2.40B | $1.87B | $1.55B | $1.35B | $1.27B | $1.15B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $6.52B | $5.87B | $3.31B | $2.65B | $2.40B | $1.87B | $1.55B | $1.35B | $1.27B | $1.15B |
| Total Investments | $10.10M | $10.41M | $10.32M | $4.60M | $2.21M | $- | $- | $- | $- | $-1.00K |
| Total Debt | $168.30M | $1.90B | $999.48M | $910.62M | $988.29M | $441.80M | $351.92M | $350.26M | $345.86M | $336.21M |
| Net Debt | $129.30M | $1.63B | $571.44M | $758.04M | $784.32M | $396.15M | $185.22M | $239.70M | $239.65M | $334.17M |
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 | $573.14M | $392.23M | $204.16M | $274.09M | $169.58M | $141.22M | $132.50M | $98.81M | $102.32M | $29.61M |
| Depreciation and Amortization | $201.13M | $161.41M | $101.05M | $101.83M | $84.06M | $52.82M | $52.46M | $46.12M | $41.30M | $34.67M |
| Deferred Income Tax | $-441.82M | $- | $-78.94M | $-63.65M | $-40.33M | $-17.52M | $-14.40M | $-28.02M | $1.20M | $- |
| Stock Based Compensation | $700.00K | $800.00K | $524.95K | $274.77K | $-16.07M | $7.65M | $3.25M | $4.53M | $1.80M | $- |
| Change in Working Capital | $-33.14M | $-336.81M | $-121.42M | $-101.99M | $-22.61M | $-237.45M | $-20.73M | $-23.69M | $46.31M | $-61.31M |
| Accounts Receivables | $-53.71M | $-571.40M | $-44.03M | $-212.46M | $-31.24M | $-252.69M | $-73.79M | $-43.96M | $-20.68M | $- |
| Inventory | $72.00M | $-476.71M | $-335.32M | $-99.38M | $68.64M | $-168.16M | $-14.03M | $-23.52M | $40.91M | $-34.81M |
| Accounts Payables | $-57.14M | $670.71M | $215.41M | $164.02M | $-105.48M | $166.01M | $113.67M | $62.88M | $37.64M | $- |
| Other Working Capital | $5.71M | $40.60M | $42.52M | $45.82M | $45.46M | $-69.29M | $-6.70M | $-168.00K | $5.40M | $-26.51M |
| Other Non Cash Items | $373.09M | $-54.77M | $16.23M | $23.85M | $20.61M | $8.82M | $7.72M | $10.72M | $11.14M | $-7.73M |
| Net Cash Provided by Operating Activities | $673.10M | $160.31M | $126.31M | $237.00M | $195.24M | $-44.46M | $160.80M | $108.48M | $204.07M | $-4.76M |
| Investments in Property Plant and Equipment | $-177.21M | $-96.55M | $-45.97M | $-58.96M | $-112.45M | $-55.83M | $-35.15M | $-43.82M | $-76.29M | $-66.58M |
| Acquisitions Net | $- | $-863.92M | $- | $- | $-135.65M | $-26.00K | $- | $- | $364.00K | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-7.92M | $- | $- | $- | $- | $- | $- | $- | $364.00K | $3.62M |
| Net Cash Used for Investing Activities | $-185.13M | $-960.47M | $-45.97M | $-58.96M | $-248.10M | $-55.86M | $-35.15M | $-43.82M | $-75.93M | $-62.96M |
| Debt Repayment | $-115.53M | $70.70M | $11.98M | $-107.00K | $15.28M | $-2.96M | $-26.25M | $-2.38M | $64.68M | $-16.52M |
| Common Stock Issued | $- | $68.00K | $33.92M | $- | $29.45K | $- | $- | $35.53K | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-95.99M | $-49.25M | $-125.37M | $-89.55M | $-70.48M | $-96.91M | $-44.05M | $-36.32M | $-8.65M | $- |
| Other Financing Activities | $-124.46M | $610.03M | $276.86M | $-52.34M | $146.65M | $-26.52M | $- | $-19.01M | $- | $35.87M |
| Net Cash Used Provided by Financing Activities | $-335.98M | $642.72M | $225.38M | $-142.00M | $40.04M | $-126.39M | $-70.29M | $-57.68M | $56.03M | $-16.52M |
| Effect of Forex Changes on Cash | $-200.00K | $2.10M | $-2.27M | $2.38M | $909.00K | $391.00K | $-142.00K | $2.90M | $-17.87M | $-10.83M |
| Net Change in Cash | $164.82M | $-155.34M | $303.45M | $38.42M | $-11.91M | $-226.31M | $55.22M | $9.88M | $166.31M | $-95.08M |
| Cash at End of Period | $437.52M | $272.70M | $222.41M | $-81.04M | $-119.46M | $-107.55M | $108.74M | $53.52M | $43.65M | $-122.66M |
| Cash at Beginning of Period | $271.68M | $428.04M | $-81.04M | $-119.46M | $-107.55M | $118.77M | $53.52M | $43.65M | $-122.66M | $-27.59M |
| Operating Cash Flow | $673.10M | $160.31M | $126.31M | $237.00M | $195.24M | $-44.46M | $160.80M | $108.48M | $204.07M | $-4.76M |
| Capital Expenditure | $-187.42M | $-96.55M | $-45.97M | $-58.96M | $-112.45M | $-55.83M | $-35.15M | $-43.82M | $-76.29M | $-66.58M |
| Free Cash Flow | $485.69M | $63.76M | $80.34M | $178.04M | $82.78M | $-100.29M | $125.65M | $64.66M | $127.78M | $-71.35M |