Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Amphenol Corp., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net sales	12,554,700)	12,623,000)	10,876,300)	8,598,900)	8,225,400)
Cost of sales	(8,470,600)	(8,594,800)	(7,474,500)	(5,934,800)	(5,609,400)
Gross profit	4,084,100)	4,028,200)	3,401,800)	2,664,100)	2,616,000)
Acquisition-related expenses	(34,600)	(21,500)	(70,400)	(11,500)	(25,400)
Selling, general and administrative expenses	(1,489,900)	(1,420,900)	(1,226,300)	(1,014,200)	(971,400)
Operating income	2,559,600)	2,585,800)	2,105,100)	1,638,400)	1,619,200)
Interest expense	(139,500)	(128,400)	(115,500)	(115,400)	(117,600)
Gain on bargain purchase acquisition	5,400)	—)	—)	—)	—)
Loss on early extinguishment of debt	—)	—)	—)	—)	(14,300)
Other income (expense), net	29,300)	10,000)	(400)	3,600)	8,600)
Income from continuing operations before income taxes	2,454,800)	2,467,400)	1,989,200)	1,526,600)	1,495,900)
Provision for income taxes	(509,300)	(550,600)	(409,100)	(313,300)	(331,900)
Net income from continuing operations	1,945,500)	1,916,800)	1,580,100)	1,213,300)	1,164,000)
Income from discontinued operations, net of income taxes	—)	—)	21,400)	—)	—)
Net income	1,945,500)	1,916,800)	1,601,500)	1,213,300)	1,164,000)
Net income attributable to noncontrolling interests	(17,500)	(14,500)	(10,700)	(9,900)	(9,000)
Net income attributable to Amphenol Corporation	1,928,000)	1,902,300)	1,590,800)	1,203,400)	1,155,000)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Amphenol Corp. net sales increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Amphenol Corp. operating income increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Income from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Amphenol Corp. income from continuing operations before income taxes increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net income attributable to Amphenol Corporation	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Amphenol Corp. net income attributable to Amphenol Corporation increased from 2021 to 2022 and from 2022 to 2023.

Amphenol Corp. (NYSE:APH)

Income Statement