Qorvo, Inc. Income Statement

Income Statement Mar2013 Mar2014 Mar2015 Apr2016 Apr2017 Mar2018 Mar2019 Mar2020 Apr2021 Apr2022 Apr2023 Mar2024 Mar2025
Revenue & cost
Revenue 964.15M1,148.23M1,710.97M2,610.73M3,032.57M2,973.54M3,090.32M3,239.14M4,015.31M4,645.71M3,569.40M3,769.51M3,718.97M
Cost of Revenue 658.33M743.30M1,021.66M1,561.17M1,897.06M1,826.57M1,895.14M1,917.38M2,131.74M2,359.55M2,272.46M2,281.01M2,183.38M
Gross Profit 305.81M404.93M689.31M1,049.55M1,135.51M1,146.97M1,195.18M1,321.76M1,883.57M2,286.17M1,296.94M1,488.49M1,535.59M
Operating items
Research & Development 178.79M197.27M257.49M448.76M470.84M445.10M450.48M484.41M570.39M623.64M649.84M682.25M747.71M
Selling, General & Administrative 64.24M76.73M249.89M534.10M545.59M527.75M476.07M343.57M367.24M349.72M148.10M171.87M171.71M
Other Operating Expenses -9.79M-28.91M-59.46M-54.72M-31.03M-103.83M-52.16M70.56M39.31M86.75M315.83M542.68M520.64M
Operating Expenses 321.50M377.59M566.84M1,037.59M1,047.45M1,076.68M978.72M898.55M976.94M1,060.10M1,113.77M1,396.79M1,440.06M
Operating Income -15.68M27.34M122.47M11.97M88.06M70.28M216.47M423.22M906.63M1,226.07M183.17M91.70M95.53M
EBIT -15.68M27.34M122.47M11.97M88.06M70.28M216.47M423.22M906.63M1,226.07M183.17M91.70M95.53M
Non-operating items
Interest & Investment Income 0.25M0.18M0.45M2.07M1.21M7.02M10.97M12.07M
Other Non Operating Income -2.76M2.34M-0.25M6.42M-3.09M-0.61M-80.71M32.27M-24.05M18.34M9.92M51.10M48.70M
Non Operating Income -1.18M2.34M-0.25M6.42M-3.09M-0.61M-80.71M32.27M-24.05M18.34M9.92M51.10M48.70M
Net income details
EBT -25.90M23.87M121.24M-2.86M27.30M17.14M91.79M395.09M807.38M1,181.08M124.63M73.56M65.90M
Tax Provisions 27.10M11.23M-75.06M25.98M43.86M57.43M-41.33M60.76M73.77M147.73M21.48M143.88M10.28M
Profit After Tax -53.00M12.64M196.30M-28.84M-16.56M-40.29M133.12M334.32M733.61M1,033.35M103.15M-70.32M55.62M
Equity Income -0.04M2.15M0.20M
Income from Continuing Operations -53.00M12.64M196.30M-28.84M-16.56M-40.29M133.12M334.32M733.61M1,033.35M103.15M-70.32M55.62M
Consolidated Net Income -53.00M12.64M196.30M-28.84M-16.56M-40.29M133.12M334.32M733.61M1,033.35M103.15M-70.32M55.62M
Income towards Parent Company -53.00M12.64M196.30M-28.84M-16.56M-40.29M133.12M334.32M733.61M1,033.35M103.15M-70.32M55.62M
Net Income towards Common Stockholders -53.00M12.64M196.30M-28.84M-16.56M-40.29M133.12M334.32M733.61M1,033.35M103.15M-70.32M55.62M
Additional items
EPS (Basic) -0.760.182.17-0.20-0.13-0.321.072.866.439.381.01-0.720.59
EPS (Weighted Average and Diluted) -0.760.182.11-0.20-0.13-0.321.052.806.329.261.00-0.720.58
Shares Outstanding (Weighted Average) 148.47M137.10M126.45M126.49M122.79M115.68M113.26M108.43M99.89M96.55M93.40M
Shares Outstanding (Diluted Average) 69.65M72.02M93.21M141.94M127.12M126.95M127.36M119.29M116.02M111.55M103.02M97.56M95.45M
EBITDA -15.68M27.34M122.47M11.97M88.06M70.28M216.47M423.22M906.63M1,226.07M183.17M91.70M95.53M
Interest Expenses 6.53M5.98M1.42M23.32M58.88M59.55M43.96M60.39M75.20M63.33M68.46M69.25M78.33M
Tax Rate 47.04%15.38%9.14%12.51%17.23%15.61%