Revenue Analysis:
Observing BKR’s financial performance over the last three years, Total Revenue saw an upward trend from $5.716 billion in 2023-03-31 to $6.664 billion in 2023-09-30, before a slight decrease to $6.418 billion by 2024-03-31. Operating Revenue remained consistent with Total Revenue throughout the periods. Gross Profit followed a similar trend starting from $1.149 billion in 2023-03-31 to $1.343 billion in 2023-09-30, and then slightly decreasing to $1.278 billion by 2024-03-31, which suggests a fluctuating yet steady gross margin over the period.
Cost Management:
Cost of Revenue and Operating Expense displayed a growing trend, which is consistent with the increasing revenue. Specifically, Cost of Revenue escalated from $4.567 billion to $5.14 billion over the two-year period, while Operating Expenses increased marginally from $655 million to $618 million. Total Expenses mirrored this growth, rising from approximately $5.222 billion to $5.758 billion over the same time frame.
Profitability Analysis:
EBITDA started at $1.093 billion in 2023-03-31, peaked at $1.078 billion in 2023-09-30, and settled at $965 million by 2024-03-31. Operating Income showed a variable pattern but generally increased from $494 million to $660 million across these periods. Pretax Income and Net Income have demonstrated growth and slight declines but remained relatively strong, suggesting solid profit management.
Cash Flow Indicators:
Reconciled Depreciation values were fairly stable, indicating consistent capital expenditure and depreciation practices, ranging from $269 million to $283 million. Interest Expense was also stable, showcasing effective management of debt-related costs.
Taxation:
The Tax Rate for Calcs varied notably, ranging from 0.235526 to 0.325733 across the periods. Tax Provision closely followed profit before tax, ranging from $179 million to $235 million. Tax Effect of Unusual Items exhibited significant variability, likely due to extraordinary or non-recurring financial transactions.
Shareholder Metrics:
Diluted and Basic EPS, which are crucial for assessing shareholder value, showed minor fluctuations but generally indicated stable returns per share, with Diluted EPS varying from 0.40 to 0.57 across the periods. Total shares reflected slight increases, affirming a stable shareholder base with modest dilution.
Conclusion:
The key findings from BKR’s three-year financial performance show a robust upward trend in revenues with corresponding increases in costs. The company has managed its profitability efficiently, sustaining strong income levels despite a volatile tax rate and varying unusual items impacts. Continuous monitoring of cost management along with strategic initiatives to boost operational efficiency and revenue diversification may be beneficial.