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Faraday Future Intelligent Electric (Faraday Future Intelligent Electric) Net Income : $-431.74 Mil (TTM As of Dec. 2023)


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What is Faraday Future Intelligent Electric Net Income?

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. Faraday Future Intelligent Electric's Net Income for the three months ended in Dec. 2023 was $-83.80 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-431.74 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Faraday Future Intelligent Electric's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-1.96.


Faraday Future Intelligent Electric Net Income Historical Data

The historical data trend for Faraday Future Intelligent Electric'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.

* Premium members only.

Faraday Future Intelligent Electric Net Income Chart

Faraday Future Intelligent Electric Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Net Income
-147.09 -516.51 -602.24 -431.74

Faraday Future Intelligent Electric Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -187.58 -144.97 -124.93 -78.05 -83.80

Faraday Future Intelligent Electric Net Income Calculation

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

Faraday Future Intelligent Electric's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-431.635+-0.109+0+-5.6843418860808E-14
=-431.74

Faraday Future Intelligent Electric's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-83.716+-0.081+0+0
=-83.80

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-431.74 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.


Faraday Future Intelligent Electric  (NAS:FFIE) 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:

Faraday Future Intelligent Electric's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* 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 business
Consistent accounting methods
And few restructurings

The 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.


Faraday Future Intelligent Electric Net Income Related Terms

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Faraday Future Intelligent Electric (Faraday Future Intelligent Electric) Business Description

Traded in Other Exchanges
Address
18455 S. Figueroa Street, Gardena, CA, USA, 90248
Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. FF 91 is its first production vehicle and flagship model.
Executives
Lev Peker director US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Jonathan Maroko officer: Interim CFO 18455 S. FIGUEROA STREET, GARDENA CA 90248
Li Han director 18455 S. FIGUEROA STREET, GARDENA CA 90248
Ke Sun director 18455 S. FIGUEROA STREET, GARDENA CA 90248
Jie Sheng director 18455 S. FIGUEROA STREET, GARDENA CA 90248
Xuefeng Chen officer: Global Chief Exec. Officer C/O FARADAY FUTURE INTELLIGENT ELECTRIC, INC., 18455 S. FIGUEROA STREET, GARDENA CA 90248
Chad Chen director C/O FARADAY FUTURE INTELLIGENT ELECTRIC, 18455 S. FIGUEROA STREET, GARDENA CA 90248
Yun Han officer: CAO & Interim CFO 1449 HAMPTON ROAD, SAN MARINO CA 91108
Xin He director 32000 AURORA ROAD, SUITE B, SOLON OH 44139
Rebecca A Roof officer: Interim Chief Financial Office C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Walter Mcbride officer: Chief Financial Officer FIRST CONSULTING GROUP, PO BOX 22676, LONG BEACH CA 90801-5676
Kruse Robert A Jr. officer: Senior VP, Product Execution 18455 S. FIGUEROA STREET, GARDENA CA 90248
Hong Rao officer: Vice President, I.A.I. 18455 S. FIGUEROA STREET, GARDENA CA 90248
Benedikt Hartmann officer: Senior VP of Supply Chain 18455 S. FIGUEROA STREET, GARDENA CA 90248
Chui Tin Mok officer: Exec. VP, Head of User Ecosys. 18455 S. FIGUEROA STREET, GARDENA CA 90248

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