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by sokoloff
1543 days ago
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> Their gross profit, meaning money they have left after accounting for all expenses, was $18 billion for 2021. That’s not at all what gross profit is, nor is their GP for 2021 that high. In rough terms: Gross profit is revenue minus cost of revenue. Operating income is gross profit minus operating expenses. Pretax profit is OI minus financing and other costs and is much closer to “after all expenses (except taxes)”. Further, their financial statements show their gross profit for 2021 to be $12.1B with a taxable income of $3.8B. (Both the yahoo link above and WSJ agree: https://www.wsj.com/market-data/quotes/DUK/financials/annual... (For WSJ, take gross revenue and subtract COGS ex-D&A to get to GP)) |
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