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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 5.15B | 25.2% |
Gross Profit | 32M | 103.3% |
Cost of Revenue | 5.12B | 0.9% |
Operating expense | 767M | 52.1% |
Net Income | 895M | 26.8% |
EBITDA | 728M | 52.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 385B | 0.3% |
Total Liabilities | 377B | 0.2% |
Total Equity | 7.95B | 5.3% |
Shares Outstanding | 170M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -859M | 36% |
Cash from investing | 601M | 63.3% |
Cash from financing | 1.61B | 249.5% |
EPS
Financial Highlights for Lincoln Financial in Q2 '24
Lincoln Financial reported a revenue of 5.15B, which is a 25.2% 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 32M, marking a 103.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.12B, a 0.9% 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 767M, showing a -52.1% 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 895M, showing a -26.8% 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 728M, showing a -52.4% 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.
Lincoln Financial faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.