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SRCE Financial Statements and Analysis

NASDAQ : SRCE

1st Source Corporation

$60.63
0.65+108.37%
Open: 2:33 PM
64.96
BESG ScoreESG Rating

SRCE FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

SRCE Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

DateDec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420242023
periodQ4Q3Q2Q1Q4
revenue123.15M145.076M143.303M138.098M134.647M
cost of revenue021.846M22.134M21.63M0
gross profit123.15M123.23M121.169M116.468M134.647M
gross profit ratio1.000.8490.8460.8431.00
research and development expenses00000
general and administrative expenses2.112M32.697M30.865M31.229M31.537M
selling and marketing expenses1.435M1.671M2.026M1.744M-4.822M
selling general and administrative expenses3.547M34.368M32.891M32.973M26.715M
other expenses063.566M-15.096M-14.608M-16.896M
operating expenses3.547M97.934M15.096M14.608M16.896M
cost and expenses3.547M97.934M96.733M101.054M98.124M
interest income0123.23M121.169M116.468M114.571M
interest expense43.784M47.744M47.119M44.553M4.588M
depreciation and amortization03.053M2.832M3.079M1.523M
ebitda048.042M49.402M40.123M1.535M
ebitda ratio00.331-0.0140.2740.011
operating income119.603M45.383M49.351M37.89M12.00K
operating income ratio0.9710.3130.3440.2740.00
total other income expenses net-79.543M0-1.627M-1.657M36.523M
income before tax40.06M45.383M47.724M37.89M36.523M
income before tax ratio0.3250.3130.3330.2740.271
income tax expense8.623M10.469M10.919M8.428M8.106M
net income31.437M34.622M36.793M29.455M28.429M
net income ratio0.2550.2390.2570.2130.211
eps1.281.411.491.201.16
eps diluted1.281.411.491.201.16
weighted average shs out24.515M24.514M24.495M24.459M24.43M
weighted average shs out dil24.515M24.514M24.495M24.459M24.43M
Graph

SRCE Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

DateSep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents99.90M89.592M41.533M77.474M75.729M
short term investments1.563B1.524B1.583B1.623B1.605B
cash and short term investments1.663B269.243M1.625B106.389M1.681B
net receivables30.721M00028.12M
inventory0-301.158M-1.655B0-167.725M
other current assets0301.51M111.907M130.373M139.605M
total current assets1.663B301.51M111.907M130.373M1.681B
property plant equipment net83.036M83.143M83.848M66.525M90.416M
goodwill83.902M83.907M83.912M83.895M83.921M
intangible assets3.49M3.567M3.574M83.916M3.776M
goodwill and intangible assets87.392M87.474M87.486M83.916M87.697M
long term investments1.737B378.751M244.781M78.711M1.78B
tax assets063.693M7.959B7.941B0
other non current assets07.963B181.204M427.074M-1.831B
total non current assets1.907B8.576B8.556B8.598B127.872M
other assets5.193B001.006.716B
total assets8.764B8.878B8.668B8.728B8.525B
account payables00000
short term debt102.124M217.45M166.989M312.359M223.757M
tax payables00000
deferred revenue00000
other current liabilities0004.087B0
total current liabilities102.124M4.411B4.233B4.399B223.757M
long term debt97.984M97.90M98.17M106.675M105.297M
deferred revenue non current00000
deferred tax liabilities non current00000
other non current liabilities7.389B7.514B7.336B3.154B7.213B
total non current liabilities7.487B3.352B3.353B3.261B7.318B
other liabilities01.001.001.000
capital lease obligations00015.042M0
total liabilities7.589B7.763B7.586B7.66B7.542B
preferred stock00000
common stock436.538M436.538M436.538M436.538M436.538M
retained earnings868.075M841.79M812.413M789.842M769.603M
accumulated other comprehensive income loss-71.226M-105.565M-109.275M-106.323M-151.312M
other total stockholders equity-129.134M-129.248M-129.79M-130.489M-130.579M
total stockholders equity1.104B1.044B1.01B989.568M924.25M
total equity1.175B1.115B1.082B1.068B982.997M
total liabilities and stockholders equity8.764B8.878B8.668B8.728B8.525B
minority interest70.952M71.34M71.663M78.695M58.747M
total investments3.30B378.751M244.781M78.711M1.605B
total debt200.108M386.117M347.75M419.034M329.054M
net debt100.208M296.525M306.217M341.56M253.325M
Graph

SRCE Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

DateSep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax159.00K-2.178M2.379M-3.849M-1.513M
stock based compensation1.421M1.215M1.31M1.483M1.168M
change in working capital25.522M10.203M-281.00K7.358M16.991M
accounts receivables1.194M-1.23M-453.00K-2.112M-2.976M
inventory00000
accounts payables7.04M3.762M2.695M490.00K8.815M
other working capital17.288M11.515M571.00K8.98M11.152M
other non cash items3.293M8.361M14.837M9.206M-1.194M
net cash provided by operating activities68.362M49.986M43.035M44.15M52.159M
investments in property plant and equipment-1.672M-3.58M-575.00K-3.372M-983.00K
acquisitions net-2.752M1.471M1.281M-207.355M-167.714M
purchases of investments-106.861M-15.102M-31.184M-44.494M27.00K
sales maturities of investments112.145M73.839M56.628M82.297M40.04M
other investing activites31.187M16.261M17.81M24.646M18.662M
net cash used for investing activites34.799M-32.186M-25.884M-148.278M-109.968M
debt repayment-123.592M-38.361M-74.043M-67.00K-328.00K
common stock issued-153.00K153.00K0111.357M75.381M
common stock repurchased0001.00K-10.293M
dividends paid-9.106M-8.598M-8.592M-8.59M-8.171M
other financing activites-70.345M-335.00K-1.119M19.96M-320.00K
net cash used provided by financing activities-203.043M170.529M-65.905M122.661M56.269M
effect of forex changes on cash00003.212M
net change in cash-99.882M188.329M-48.754M18.533M-1.54M
cash at end of period169.361M269.243M80.914M129.668M111.135M
cash at beginning of period269.243M80.914M129.668M111.135M112.675M
operating cashflow68.362M49.986M43.035M44.15M52.159M
capital expenditure-1.672M-3.58M-575.00K-3.372M-983.00K
free cash flow66.69M46.406M42.46M40.778M51.176M
Graph

Frequently Asked Questions

How did 1st Source Corporation do last quarter? What was its Total Revenue and Cost of Revenue?
A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, SRCE generated $123.15M in revenue last quarter, while its costs came in at $0.00.
Last quarter, how much Gross Profit did 1st Source Corporation report?
A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. 1st Source Corporation reported a $123.15M Gross Profit for the quarter ended Sep 30, 2024.
Have SRCE's Total Operating Expenses and Operating Income been favorable recently?
Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. SRCE incurred $3.55M worth of Operating Expenses, while it generated $119.60M worth of Operating Income.
How much Net Income has SRCE posted recently?
The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from 1st Source Corporation, the company generated $31.44M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.
At the end of the last quarter, how much Cash and Equivalents did 1st Source Corporation have?
The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to 1st Source Corporation as of the end of the last quarter was $99.90M.
What are SRCE's Total Net Receivables for the last quarter?
Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, SRCE had Total Net Receivables of $30.72M.
In terms of Total Assets and Current Assets, where did 1st Source Corporation stand at?
An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of SRCE were $1.66B, while the Total Assets stand at $8.76B.
As of the last quarter, how much Total Debt did 1st Source Corporation have?
The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of SRCE's debt was $200.11M at the end of the last quarter.
What were SRCE's Total Liabilities during the last reported quarter?
A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, SRCE reported total liabilities of $7.59B.
How much did SRCE's Working Capital change over the last quarter?
Working Capital Change for SRCE was $25.52M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.
SRCE generated how much cash from operating activities?
An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. SRCE generated $68.36M of Cash from Operating Activities during its recently reported quarter.
What was SRCE's latest reported Net Change in Cash?
An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. SRCE reported a -$99.88M Net Change in Cash in the most recent quarter.
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