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TelegramCIT Group Inc. Income Statement 2020-2011 | CIT
Brief overview of income trends at CIT Group Inc.
This overview is based on financial performance over the past five years. The revenue attributed to CIT Group Inc. moved from $2.7 billion to $2.4 billion between the two endpoints. The total change was −12.4%, with a CAGR of approximately −2.6%. The negative rate indicates weakening core operations.
The net financial result changed from $1.1 billion to −$615 million. The business lost profitability by the end of the period.
Market capitalization changed from $5.4 billion to $3.6 billion (−33.2%). The decline in value indicates softer investor confidence.
Conclusion
The results contain several connected negative signals. The overall view is constrained by lower net income, limited revenue growth and lower investor confidence. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement CIT Group Inc.
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
3.64 B | 4.53 B | 5.47 B | 8.33 B | 8.45 B | 5.44 B | 8.26 B | 9.44 B | 8.58 B | 7.63 B |
Shares |
98.6 M | 96.5 M | 118 M | 162 M | 202 M | 186 M | 188 M | 201 M | 201 M | 201 M |
Net Income |
-615 M | 530 M | 447 M | 468 M | -848 M | 1.06 B | 1.13 B | 676 M | -592 M | 26.7 M |
Revenue |
2.4 B | 2.34 B | 2.46 B | 2.48 B | 2.33 B | 2.74 B | 2.54 B | 2.39 B | 1.11 B | 2.06 B |
EBITDA |
1.17 B | - | - | - | - | - | - | - | - | - |
Operating Expenses |
1.31 B | 2.67 B | 2.64 B | 3.02 B | 3.07 B | 2.43 B | 2.12 B | 2.8 B | 4.32 B | 4.67 B |
General and Administrative Expenses |
888 M | 754 M | 758 M | 779 M | 816 M | 704 M | 619 M | 619 M | 620 M | 570 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company CIT Group Inc. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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