Edison Historical Income Statement
| EIX Stock | USD 72.34 0.68 0.93% |
Historical analysis of Edison International income statement accounts such as Gross Profit of 4.9 B or Operating Income of 2.3 B can show how well Edison International performed in making a profits. Evaluating Edison International income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Edison International's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Edison International 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 Edison International is a good buy for the upcoming year.
Edison |
About Edison Income Statement Analysis
Edison International 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 Edison International shareholders. The income statement also shows Edison 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).
Edison International Income Statement Chart
Edison International Income Statement is one of the three primary financial statements used for reporting Edison's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Edison International revenue and expense. Edison International Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Edison International's Tax Provision is fairly stable compared to the past year. Add Fundamental
Total Revenue
Total revenue comprises all receipts Edison International 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 Edison International minus its cost of goods sold. It is profit before Edison International 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 Edison International. It is also known as Edison International 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.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from Edison International's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Edison International 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edison International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Edison Stock please use our How to Invest in Edison International guide.At this time, Edison International's Tax Provision is fairly stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.7B | 6.1B | 6.7B | 4.9B | Total Revenue | 14.9B | 17.2B | 16.3B | 11.9B |
Edison International income statement Correlations
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Edison International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Edison International income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 841M | 902M | 925M | 1.2B | 1.6B | 1.7B | |
| Total Revenue | 12.3B | 13.6B | 14.9B | 17.2B | 16.3B | 11.9B | |
| Gross Profit | 4.5B | 5.0B | 5.7B | 6.1B | 6.7B | 4.9B | |
| Operating Income | 1.8B | 1.2B | 1.5B | 1.5B | 2.6B | 2.3B | |
| Ebit | 1.8B | 1.2B | 1.5B | 1.5B | 3.0B | 2.4B | |
| Ebitda | 4.0B | 3.2B | 4.1B | 4.5B | 5.7B | 3.4B | |
| Net Income | 1.4B | 871M | 925M | 824M | 1.4B | 858.5M | |
| Income Tax Expense | (278M) | (305M) | (136M) | (162M) | 108M | 113.4M | |
| Depreciation And Amortization | 2.2B | 2.0B | 2.6B | 3.0B | 2.7B | 1.9B | |
| Other Operating Expenses | 10.4B | 12.6B | 13.4B | 15.7B | 13.7B | 11.2B | |
| Cost Of Revenue | 7.9B | 8.5B | 9.2B | 11.1B | 9.6B | 6.6B | |
| Total Operating Expenses | 2.5B | 4.1B | 4.2B | 4.6B | 4.1B | 3.3B | |
| Income Before Tax | 1.1B | 566M | 789M | 662M | 1.5B | 861.7M | |
| Total Other Income Expense Net | (648M) | (651M) | (688M) | (821M) | 232M | 243.6M | |
| Net Income Applicable To Common Shares | 1.3B | 607M | 759M | 612M | 550.8M | 759.3M | |
| Selling General Administrative | 407M | 1.7B | 1.5B | 1.5B | 880M | 1.7B | |
| Minority Interest | (21M) | (14M) | 2.2B | 1.9B | 2.2B | 2.3B | |
| Net Income From Continuing Ops | 1.4B | 871M | 925M | 824M | 1.4B | 1.0B | |
| Research Development | 190M | 218M | 311M | 344M | 358M | 375.9M | |
| Non Operating Income Net Other | 193M | 251M | 237M | 348M | 400.2M | 420.2M | |
| Tax Provision | (278M) | (305M) | (136M) | (162M) | 108M | 113.4M | |
| Interest Income | 37M | 20M | 925M | 89M | 267M | 235.5M | |
| Net Interest Income | (804M) | (882M) | (922M) | (1.1B) | (1.3B) | (1.4B) | |
| Reconciled Depreciation | 1.8B | 2.0B | 2.3B | 2.6B | 2.7B | 2.4B |
Pair Trading with Edison International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Edison International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Edison International will appreciate offsetting losses from the drop in the long position's value.Moving together with Edison Stock
| 0.9 | D | Dominion Energy | PairCorr |
| 0.72 | ED | Consolidated Edison | PairCorr |
| 0.83 | ES | Eversource Energy | PairCorr |
| 0.69 | FE | FirstEnergy | PairCorr |
Moving against Edison Stock
| 0.77 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
| 0.43 | CMS-PC | CMS Energy | PairCorr |
The ability to find closely correlated positions to Edison International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edison International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Edison International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Edison International to buy it.
The correlation of Edison International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Edison International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edison International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Edison International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edison International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Edison Stock please use our How to Invest in Edison International guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Edison Stock analysis
When running Edison International's price analysis, check to measure Edison International'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 Edison International is operating at the current time. Most of Edison International's value examination focuses on studying past and present price action to predict the probability of Edison International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edison International's price. Additionally, you may evaluate how the addition of Edison International to your portfolios can decrease your overall portfolio volatility.
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Is Edison International'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 Edison International. If investors know Edison 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 Edison International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Dividend Share 3.035 | Earnings Share 2.29 | Revenue Per Share 42.894 | Quarterly Revenue Growth 0.028 |
The market value of Edison International is measured differently than its book value, which is the value of Edison that is recorded on the company's balance sheet. Investors also form their own opinion of Edison International's value that differs from its market value or its book value, called intrinsic value, which is Edison International'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 Edison International's market value can be influenced by many factors that don't directly affect Edison International'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 Edison International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edison International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edison International'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.