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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 4.39B | 1.5% |
Gross Profit | 2.53B | 2% |
Cost of Revenue | 1.87B | 6.8% |
Operating expense | 1.02B | 0.3% |
Net Income | 829M | 16.3% |
EBITDA | 1.57B | 1.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 180B | 0.1% |
Total Liabilities | 175B | 0.1% |
Total Equity | 4.99B | 2.3% |
Shares Outstanding | 102M | 1.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 1.72B | 19.1% |
Cash from investing | 166M | 129.2% |
Cash from financing | -1.1B | 22.9% |
EPS
Financial Highlights for Ameriprise Financial in Q2 '24
Ameriprise Financial reported a revenue of 4.39B, which is a 1.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.53B, marking a -2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.87B, a 6.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.02B, showing a -0.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 829M, showing a -16.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.57B, showing a 1.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Ameriprise Financial faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.