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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. SanDisk's Net Income for the three months ended in Mar. 2016 was $78 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2016 was $428 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. SanDisk's Earnings per Share (Diluted) for the three months ended in Mar. 2016 was $0.37.
The historical data trend for SanDisk's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SanDisk Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Net Income | Get a 7-Day Free Trial | 986.99 | 417.40 | 1,042.66 | 1,007.45 | 388.48 |
SanDisk Quarterly Data | ||||||||||||||||||||
Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | |
Net Income | Get a 7-Day Free Trial | 39.03 | 80.97 | 133.01 | 135.47 | 78.35 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
SanDisk's Net Income for the fiscal year that ended in Dec. 2015 is calculated as
Net Income | (A: Dec. 2015 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 529.624 | + | -141.146 | + | 0 | + | -5.6843418860808E-14 |
= | 388 |
SanDisk's Net Income for the quarter that ended in Mar. 2016 is calculated as
Net Income | (Q: Mar. 2016 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 121.761 | + | -43.408 | + | 0 | + | 0 |
= | 78 |
Net Income for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $428 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SanDisk (NAS:SNDK) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
SanDisk's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2016 is calculated as
Earnings per Share (Diluted) (Q: Mar. 2016 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (78.353 | - | 0) | / | 209.923 | |
= | 0.37 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of SanDisk's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Judy Bruner | officer: Exec. VP, Administration, CFO | C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035 |
Mark David Brazeal | officer: SVP, Chief Legal Officer & IP | 1320 RIDDER PARK DRIVE, SAN JOSE CA 95131 |
Eddy W Hartenstein | director | |
Chenming Hu | director | 2060 PEBBLE DRIVE, ALAMO CA 94507 |
Catherine P Lego | director | C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403 |
Michael E Marks | director | |
Steven J Gomo | director | 495 E. JAVA DRIVE, SUNNYVALE CA 94089 |
Sanjay Mehrotra | director, officer: President/CEO | C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612 |
Robertson Donald F Jr | officer: VP & Chief Accounting Officer | C/O NVIDIA CORPORATION, 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051 |
Srinivasan Sivaram | officer: EVP, Memory Technology | C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119 |
Irwin Federman | director | 2735 SAND HILL ROAD, MENLO PARK CA 94025 |
Sumit Sadana | officer: EVP, CSO & GM Enterprise | 47544 AVALON HEIGHTS TERRACE, FREMONT CA 94539 |
Eric S Whitaker | officer: SVP & Senior Legal Officer | |
Kevin A Denuccio | director | 300 HOLGER WAY, SAN JOSE CA 95134 |
Randhir Thakur | officer: EVP,Technology & Worldwide Ops | C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039 |
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