Income Statement Palantir Technologies Inc.

Equities

PLTR

US69608A1088

Software

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74708fab28006d2f45b1.c_0AEwD30pMg6xJ1JtR6uovSkC3CcHUG72nIu13k9g4.QpdIJF-2tslhjFYxSaUW8-W12V-EODZEqCCJwRKQnm9ArC1Zb7-e2Xm9Xw

Published financial data: PALANTIR TECHNOLOGIES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	743M	1.09B	1.54B	1.91B	2.23B
Total Revenues	743M	1.09B	1.54B	1.91B	2.23B
Cost of Goods Sold, Total	242M	353M	339M	409M	431M
Gross Profit	500M	740M	1.2B	1.5B	1.79B
Selling General & Admin Expenses, Total	748M	1.35B	1.23B	1.3B	1.27B
R&D Expenses	306M	561M	387M	360M	405M
Other Operating Expenses, Total	1.05B	1.91B	1.61B	1.66B	1.67B
Operating Income	-553M	-1.17B	-411M	-161M	120M
Interest Expense, Total	-3.06M	-14.14M	-3.64M	-4.06M	-3.47M
Interest And Investment Income	15.09M	4.68M	1.61M	20.31M	133M
Net Interest Expenses	12.03M	-9.46M	-2.03M	16.25M	129M
Income (Loss) On Equity Invest.	-224K	-1.7M	-	-	-
Currency Exchange Gains (Loss)	-3.2M	5M	-	-	-
Other Non Operating Income (Expenses)	568K	811K	-2.62M	11.72M	-11.98M
EBT, Excl. Unusual Items	-544M	-1.18B	-416M	-133M	237M
Gain (Loss) On Sale Of Investments	-	-	-72.8M	-228M	-
Asset Writedown	-23.41M	-674K	-	-	-
EBT, Incl. Unusual Items	-567M	-1.18B	-488M	-361M	237M
Income Tax Expense	12.38M	-12.64M	31.88M	10.07M	19.72M
Earnings From Continuing Operations	-580M	-1.17B	-520M	-371M	217M
Net Income to Company	-580M	-1.17B	-520M	-371M	217M
Minority Interest	-	-	-	-2.61M	-7.55M
Net Income - (IS)	-580M	-1.17B	-520M	-374M	210M
Preferred Dividend and Other Adjustments	8.48M	-	-	-	-
Net Income to Common Incl Extra Items	-588M	-1.17B	-520M	-374M	210M
Net Income to Common Excl. Extra Items	-588M	-1.17B	-520M	-374M	210M
Per Share Items
Net EPS - Basic	-1.02	-1.19	-0.27	-0.18	0.1
Basic EPS - Continuing Operations	-1.02	-1.19	-0.27	-0.18	0.1
Basic Weighted Average Shares Outstanding	577M	978M	1.92B	2.06B	2.15B
Net EPS - Diluted	-1.02	-1.2	-0.27	-0.18	0.09
Diluted EPS - Continuing Operations	-1.02	-1.2	-0.27	-0.18	0.09
Diluted Weighted Average Shares Outstanding	577M	979M	1.92B	2.06B	2.3B
Normalized Basic EPS	-0.59	-0.75	-0.14	-0.04	0.07
Normalized Diluted EPS	-0.59	-0.75	-0.14	-0.04	0.06
American Depositary Receipts Ratio (ADR)	0.33	0.33	0.33	0.33	0.33
Supplemental Items
EBITDA	-541M	-1.16B	-396M	-139M	153M
EBITA	-553M	-1.17B	-411M	-161M	120M
EBIT	-553M	-1.17B	-411M	-161M	120M
EBITDAR	-502M	-1.11B	-353M	-85.94M	206M
Effective Tax Rate - (Ratio)	-2.18	1.07	-6.53	-2.79	8.32
Current Domestic Taxes	139K	500K	-88K	765K	2.33M
Current Foreign Taxes	19.44M	7.25M	-11.34M	9.48M	22.19M
Total Current Taxes	19.57M	7.75M	-11.43M	10.24M	24.52M
Deferred Domestic Taxes	-	-	-111K	-	-
Deferred Foreign Taxes	-7.2M	-20.38M	43.43M	-174K	-4.81M
Total Deferred Taxes	-7.2M	-20.38M	43.32M	-174K	-4.81M
Normalized Net Income	-340M	-736M	-260M	-85.88M	141M
Interest on Long-Term Debt	3.06M	14.14M	3.64M	4.06M	3.47M
Supplemental Operating Expense Items
Selling and Marketing Expenses	450M	684M	615M	703M	745M
General and Administrative Expenses	298M	669M	612M	596M	524M
Research And Development Expense From Footnotes	306M	561M	387M	360M	405M
Net Rental Expense, Total	38.5M	52.18M	43.06M	52.74M	52.79M
Imputed Operating Lease Interest Expense	-	13.84M	3.5M	6.72M	6.12M
Imputed Operating Lease Depreciation	-	38.34M	39.56M	46.02M	46.67M
Stock-Based Comp., COGS (Total)	27.9M	140M	68.55M	44.06M	36M
Stock-Based Comp., R&D Exp. (Total)	67.93M	357M	150M	93.87M	98.06M
Stock-Based Comp., S&M Exp. (Total)	79.22M	398M	243M	196M	161M
Stock-Based Comp., G&A Exp. (Total)	66.92M	376M	316M	231M	181M
Total Stock-Based Compensation	242M	1.27B	778M	565M	476M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.08B	2.01B	2.29B	2.6B	831M
Short Term Investments	-	-	234M	35.14M	2.84B
Total Cash And Short Term Investments	1.08B	2.01B	2.52B	2.63B	3.67B
Accounts Receivable, Total	50.32M	157M	191M	258M	365M
Total Receivables	50.32M	157M	191M	258M	365M
Prepaid Expenses	32.58M	51.89M	111M	133M	99.66M
Restricted Cash	52.1M	37.28M	36.63M	16.24M	-
Total Current Assets	1.21B	2.26B	2.86B	3.04B	4.14B
Gross Property Plant And Equipment	140M	335M	318M	352M	333M
Accumulated Depreciation	-109M	-88.4M	-69.93M	-82.41M	-102M
Net Property Plant And Equipment	31.59M	247M	248M	269M	231M
Long-term Investments	26.14M	-	-	-	-
Other Long-Term Assets, Total	322M	186M	136M	150M	153M
Total Assets	1.59B	2.69B	3.25B	3.46B	4.52B
Liabilities
Accounts Payable, Total	51.74M	16.36M	74.91M	44.79M	12.12M
Accrued Expenses, Total	127M	159M	156M	131M	176M
Current Portion of Leases	-	29.08M	39.93M	45.1M	54.18M
Current Income Taxes Payable	-	-	-	41.33M	47.26M
Unearned Revenue Current, Total	186M	190M	228M	183M	247M
Other Current Liabilities	364M	210M	162M	142M	210M
Total Current Liabilities	729M	604M	660M	588M	746M
Long-Term Debt	396M	198M	-	-	-
Long-Term Leases	-	230M	220M	204M	175M
Unearned Revenue Non Current	77.03M	50.52M	40.22M	9.96M	28.05M
Other Non Current Liabilities	246M	85.83M	36M	16.59M	12.18M
Total Liabilities	1.45B	1.17B	956M	819M	961M
Preferred Stock Convertible	2.13B	-	-	-	-
Total Preferred Equity	2.13B	-	-	-	-
Common Stock, Total	588K	1.79M	2.03M	2.1M	2.2M
Additional Paid In Capital	1.86B	6.49B	7.78B	8.43B	9.12B
Retained Earnings	-3.8B	-4.97B	-5.49B	-5.86B	-5.65B
Treasury Stock	-38.9M	-	-	-	-
Comprehensive Income and Other	-703K	-2.74M	-2.35M	-5.33M	801K
Total Common Equity	-1.98B	1.52B	2.29B	2.57B	3.48B
Minority Interest	-	-	-	77.11M	85.4M
Total Equity	147M	1.52B	2.29B	2.64B	3.56B
Total Liabilities And Equity	1.59B	2.69B	3.25B	3.46B	4.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	581M	1.82B	2.03B	2.1B	2.21B
ECS Total Common Shares Outstanding	581M	1.79B	2.03B	2.1B	2.2B
Book Value / Share	-3.41	0.85	1.13	1.22	1.58
Tangible Book Value	-1.98B	1.52B	2.29B	2.57B	3.48B
Tangible Book Value Per Share	-3.41	0.85	1.13	1.22	1.58
Total Debt	396M	457M	260M	249M	229M
Net Debt	-683M	-1.55B	-2.26B	-2.38B	-3.44B
Debt Equivalent Oper. Leases	308M	417M	344M	422M	422M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	77.11M	85.4M
Equity Method Investments, Total	26.14M	-	-	-	-
Account Code - Inventory Valuation	3	3	3	-	-
Machinery, Total	43.51M	32.25M	25.27M	65.7M	64.68M
Full Time Employees	2.39K	2.44K	2.92K	3.84K	3.74K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-580M	-1.17B	-520M	-374M	210M
Depreciation & Amortization - CF	12.26M	13.87M	14.9M	22.52M	33.35M
Depreciation & Amortization, Total	12.26M	13.87M	14.9M	22.52M	33.35M
Amortization of Deferred Charges, Total - (CF)	2.54M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	73.31M	272M	13.16M
Asset Writedown & Restructuring Costs	23.41M	674K	-	-	-
(Income) Loss On Equity Investments - (CF)	224K	-	-	-	-
Stock-Based Compensation (CF)	242M	1.27B	778M	565M	476M
Other Operating Activities, Total	3K	38.66M	79.86M	5.12M	-26.3M
Change In Accounts Receivable	-23.9M	-108M	-35.24M	-77.52M	-106M
Change In Accounts Payable	23.42M	-34.68M	57.77M	-29.86M	-31.83M
Change in Unearned Revenues	-134M	-30.9M	24.73M	-61.15M	79.51M
Change in Other Net Operating Assets	269M	-280M	-139M	-98.57M	64.72M
Cash from Operations	-165M	-297M	334M	224M	712M
Capital Expenditure	-13.1M	-12.24M	-12.63M	-40.03M	-15.11M
Sale of Property, Plant, and Equipment	-	250K	-	-	-
Cash Acquisitions	-	-	-	66.71M	-
Investment in Marketable and Equity Securities, Total	-8.87M	-2.93M	-382M	-72.18M	-2.7B
Other Investing Activities, Total	-	-	-3.02M	73K	-
Cash from Investing	-21.96M	-14.92M	-398M	-45.43M	-2.71B
Long-Term Debt Issued, Total	544M	199M	-	-	-
Total Debt Issued	544M	199M	-	-	-
Long-Term Debt Repaid, Total	-150M	-400M	-200M	-	-
Total Debt Repaid	-150M	-400M	-200M	-	-
Issuance of Common Stock	117M	1.24B	507M	86.09M	218M
Repurchase of Common Stock	-11.2M	-3.78M	-	-	-
Issuance of Preferred Stock	7.5M	-	-	-	-
Repurchase of Preferred Stock	-182M	-	-	-	-
Other Financing Activities, Total	-1.2M	-497K	-708K	-93K	601K
Cash from Financing	325M	1.04B	307M	86M	219M
Foreign Exchange Rate Adjustments	-2.23M	1.26M	-3.92M	-3.88M	2.93M
Net Change in Cash	135M	726M	239M	260M	-1.78B
Supplemental Items
Cash Interest Paid	2.71M	11.43M	2.77M	5K	-
Cash Income Tax Paid (Refund)	8.58M	14.28M	4.13M	2.9M	13.52M
Levered Free Cash Flow	61.54M	265M	474M	297M	659M
Unlevered Free Cash Flow	60.91M	274M	477M	300M	662M
Change In Net Working Capital	-165M	265M	46.93M	147M	-92.46M
Net Debt Issued / Repaid	394M	-201M	-200M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-22.85	-34.22	-8.65	-3	1.88
Return on Total Capital	-65.78	-58.14	-11.34	-3.7	2.24
Return On Equity %	-177.02	-139.76	-27.29	-15.04	7.01
Return on Common Equity	31.52	509.24	-27.29	-15.39	6.95
Margin Analysis
Gross Profit Margin %	67.36	67.74	77.99	78.56	80.62
SG&A Margin	100.69	123.78	79.52	68.15	57.05
EBITDA Margin %	-72.83	-106.08	-25.69	-7.28	6.89
EBITA Margin %	-74.48	-107.35	-26.66	-8.46	5.39
EBIT Margin %	-74.48	-107.35	-26.66	-8.46	5.39
Income From Continuing Operations Margin %	-78.06	-106.75	-33.75	-19.47	9.77
Net Income Margin %	-78.06	-106.75	-33.75	-19.61	9.43
Net Avail. For Common Margin %	-79.2	-106.75	-33.75	-19.61	9.43
Normalized Net Income Margin	-45.78	-67.4	-16.85	-4.51	6.32
Levered Free Cash Flow Margin	8.29	24.29	30.77	15.6	29.64
Unlevered Free Cash Flow Margin	8.2	25.1	30.91	15.73	29.73
Asset Turnover
Asset Turnover	0.49	0.51	0.52	0.57	0.56
Fixed Assets Turnover	24.1	7.86	6.23	7.36	8.9
Receivables Turnover (Average Receivables)	21.37	10.54	8.87	8.48	7.14
Short Term Liquidity
Current Ratio	1.67	3.74	4.34	5.17	5.55
Quick Ratio	1.55	3.59	4.11	4.92	5.41
Operating Cash Flow to Current Liabilities	-0.23	-0.49	0.51	0.38	0.95
Days Sales Outstanding (Average Receivables)	17.08	34.71	41.17	43.02	51.11
Average Days Payable Outstanding	59.59	35.35	49.07	53.47	24.09
Long Term Solvency
Total Debt/Equity	270.19	30.01	11.35	9.44	6.44
Total Debt / Total Capital	72.99	23.08	10.19	8.62	6.05
LT Debt/Equity	270.19	28.1	9.61	7.73	4.92
Long-Term Debt / Total Capital	72.99	21.61	8.63	7.06	4.62
Total Liabilities / Total Assets	90.8	43.41	29.45	23.66	21.26
EBIT / Interest Expense	-180.67	-82.96	-112.92	-39.72	34.57
EBITDA / Interest Expense	-176.67	-78.29	-97	-21.18	59.4
(EBITDA - Capex) / Interest Expense	-180.95	-79.16	-100.47	-31.04	55.04
Total Debt / EBITDA	-0.73	-0.41	-0.74	-2.9	1.11
Net Debt / EBITDA	1.26	1.4	6.41	27.74	-16.71
Total Debt / (EBITDA - Capex)	-0.72	-0.41	-0.71	-1.98	1.2
Net Debt / (EBITDA - Capex)	1.23	1.39	6.19	18.93	-18.04
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	24.71	47.15	41.11	23.61	16.75
Gross Profit, 1 Yr. Growth %	16.32	47.97	62.47	24.52	19.81
EBITDA, 1 Yr. Growth %	-7.69	114.34	-65.84	-64.99	-210.56
EBITA, 1 Yr. Growth %	-7.79	112.1	-64.98	-60.78	-174.42
EBIT, 1 Yr. Growth %	-7.79	112.1	-64.98	-60.78	-174.42
Earnings From Cont. Operations, 1 Yr. Growth %	-0.07	101.22	-55.39	-28.69	-158.58
Net Income, 1 Yr. Growth %	-0.07	101.22	-55.39	-28.19	-156.15
Normalized Net Income, 1 Yr. Growth %	-0.61	116.66	-64.74	-66.94	-263.75
Diluted EPS Before Extra, 1 Yr. Growth %	-12.9	17.31	-77.39	-33.06	-149.7
Accounts Receivable, 1 Yr. Growth %	162.23	211.9	21.66	35.31	41.2
Net Property, Plant and Equip., 1 Yr. Growth %	5.18	680.7	0.64	8.54	-14.4
Total Assets, 1 Yr. Growth %	11.4	68.79	20.7	6.58	30.66
Tangible Book Value, 1 Yr. Growth %	13.09	-176.87	50.47	11.97	35.48
Common Equity, 1 Yr. Growth %	13.09	-176.87	50.47	11.97	35.48
Cash From Operations, 1 Yr. Growth %	323.5	79.53	-212.56	-32.98	218.31
Capital Expenditures, 1 Yr. Growth %	-14.98	-6.57	3.2	217	-62.24
Levered Free Cash Flow, 1 Yr. Growth %	-	349.86	79.02	-37.34	121.85
Unlevered Free Cash Flow, 1 Yr. Growth %	-	350.24	74.07	-37.11	120.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	35.47	44.1	32.07	20.13
Gross Profit, 2 Yr. CAGR %	-	31.19	55.05	42.23	22.14
EBITDA, 2 Yr. CAGR %	-	40.66	-16.21	-65.42	-37.79
EBITA, 2 Yr. CAGR %	-	39.85	-15.56	-62.94	-45.98
EBIT, 2 Yr. CAGR %	-	39.85	-15.56	-62.94	-45.98
Earnings From Cont. Operations, 2 Yr. CAGR %	-	41.81	-5.25	-43.59	-35.37
Net Income, 2 Yr. CAGR %	-	41.81	-5.25	-43.4	-36.5
Normalized Net Income, 2 Yr. CAGR %	-	46.74	-14.4	-65.86	-26.43
Diluted EPS Before Extra, 2 Yr. CAGR %	-	1.08	-48.5	-61.1	-42.32
Accounts Receivable, 2 Yr. CAGR %	-	185.99	94.8	28.31	38.23
Net Property, Plant and Equip., 2 Yr. CAGR %	-	186.55	180.31	4.52	-3.61
Total Assets, 2 Yr. CAGR %	-	37.12	42.73	13.42	18.01
Tangible Book Value, 2 Yr. CAGR %	-	-6.76	7.55	29.8	23.17
Common Equity, 2 Yr. CAGR %	-	-6.76	7.55	29.8	23.17
Cash From Operations, 2 Yr. CAGR %	-	175.74	42.15	-13.15	46.06
Capital Expenditures, 2 Yr. CAGR %	-	-10.87	-1.81	80.87	9.41
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	226.98	5.91	17.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	220.92	4.63	17.81
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	37.32	36.92	26.75
Gross Profit, 3 Yr. CAGR %	-	-	40.89	44.12	34.33
EBITDA, 3 Yr. CAGR %	-	-	-12.23	-37.36	-49.06
EBITA, 3 Yr. CAGR %	-	-	-11.83	-34.61	-53.24
EBIT, 3 Yr. CAGR %	-	-	-11.83	-34.61	-53.24
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-3.55	-13.81	-42.88
Net Income, 3 Yr. CAGR %	-	-	-3.55	-13.61	-43.55
Normalized Net Income, 3 Yr. CAGR %