Independence Historical Income Statement

ICD Stock  USD 1.86  0.06  3.12%   
Historical analysis of Independence Contract income statement accounts such as Selling General Administrative of 17 M or Total Revenue of 118.4 M can show how well Independence Contract Drilling performed in making a profits. Evaluating Independence Contract income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Independence Contract's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Independence Contract 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 Independence Contract is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Contract Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

About Independence Income Statement Analysis

Independence Contract 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 Independence Contract shareholders. The income statement also shows Independence 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).

Independence Contract Income Statement Chart

Independence Contract Drilling Income Statement is one of the three primary financial statements used for reporting Independence's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Independence Contract revenue and expense. Independence Contract Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Independence Contract's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 11.8 M, whereas Selling General Administrative is forecasted to decline to about 17 M.

Total Revenue

Total revenue comprises all receipts Independence Contract 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Independence Contract. It is also known as Independence Contract 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.

Cost Of Revenue

Cost of Revenue is found on Independence Contract income statement and represents the costs associated with goods and services Independence Contract provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Independence Contract's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Independence Contract 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 Independence Contract Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
At present, Independence Contract's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 11.8 M, whereas Selling General Administrative is forecasted to decline to about 17 M.
 2021 2022 2023 2024 (projected)
Interest Expense15.2M29.6M36.0M37.8M
Depreciation And Amortization39.5M40.4M43.5M31.8M

Independence Contract income statement Correlations

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0.880.840.660.750.230.830.190.00.630.840.67-0.84-0.85-0.840.25-0.51-0.13-0.58-0.120.89-0.84
Click cells to compare fundamentals

Independence Contract Account Relationship Matchups

Independence Contract income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization45.4M43.9M39.5M40.4M43.5M31.8M
Interest Expense14.4M14.6M15.2M29.6M36.0M37.8M
Selling General Administrative16.1M13.5M15.7M24.8M26.5M17.0M
Total Revenue203.6M83.4M88.0M186.7M210.1M118.4M
Gross Profit13.3M(25.9M)(26.7M)22.9M36.3M38.1M
Other Operating Expenses206.7M122.8M130.5M188.7M198.9M129.7M
Operating Income(3.1M)(39.4M)(43.1M)(1.9M)11.2M11.8M
Ebit(3.1M)(39.4M)(43.1M)(1.9M)11.2M11.8M
Ebitda42.3M4.6M(3.6M)38.5M54.8M57.5M
Cost Of Revenue190.3M109.3M114.7M163.8M173.8M112.8M
Total Operating Expenses16.4M13.5M15.8M24.8M25.1M16.9M
Income Before Tax(60.9M)(96.8M)(48.2M)(71.5M)(39.7M)(41.7M)
Total Other Income Expense Net(57.8M)(57.4M)(5.1M)(69.6M)(50.9M)(48.4M)
Net Income(60.8M)(96.6M)(66.7M)(65.3M)(37.7M)(39.6M)
Income Tax Expense(122K)(147K)18.5M(6.2M)(2.0M)(1.9M)
Net Income From Continuing Ops(60.8M)(96.6M)(66.7M)(65.3M)(8.3M)(8.7M)
Non Recurring13.7M38.4M42.1M350K402.5K382.4K
Net Income Applicable To Common Shares(60.8M)(96.6M)(66.7M)(65.3M)(58.8M)(61.7M)
Tax Provision(122K)(147K)18.5M(6.2M)(8.0M)(7.6M)
Interest Income14.4M14.6M15.2M23.1M26.5M27.9M
Net Interest Income(14.4M)(14.6M)(15.2M)(29.6M)(34.8M)(33.0M)
Reconciled Depreciation45.4M43.9M38.9M40.4M43.2M42.2M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Independence Contract in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Independence Contract's short interest history, or implied volatility extrapolated from Independence Contract options trading.

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When determining whether Independence Contract is a strong investment it is important to analyze Independence Contract'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 Independence Contract's future performance. For an informed investment choice regarding Independence Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Contract Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Independence Contract information on this page should be used as a complementary analysis to other Independence Contract's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Independence Stock analysis

When running Independence Contract's price analysis, check to measure Independence Contract'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 Independence Contract is operating at the current time. Most of Independence Contract's value examination focuses on studying past and present price action to predict the probability of Independence Contract's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Contract's price. Additionally, you may evaluate how the addition of Independence Contract to your portfolios can decrease your overall portfolio volatility.
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Is Independence Contract's industry 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 Independence Contract. If investors know Independence 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 Independence Contract listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.69)
Revenue Per Share
14.995
Quarterly Revenue Growth
(0.24)
Return On Assets
0.017
Return On Equity
(0.19)
The market value of Independence Contract is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Contract's value that differs from its market value or its book value, called intrinsic value, which is Independence Contract'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 Independence Contract's market value can be influenced by many factors that don't directly affect Independence Contract'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 Independence Contract's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Contract is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Contract'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.