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Australia and New Zealand Banking Group Ltd  (OTCPK:ANZBY) Net Income: $4,335 Mil (TTM As of Mar. 2017)

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. Australia and New Zealand Banking Group Ltd's net income for the six months ended in Mar. 2017 was $2,219 Mil. Its net income for the trailing twelve months (TTM) ended in Mar. 2017 was $4,335 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Australia and New Zealand Banking Group Ltd's Earnings per Share (Diluted) for the six months ended in Mar. 2017 was $0.74.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Australia and New Zealand Banking Group Ltd Annual Data

Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,890.74 5,834.42 6,574.14 5,287.93 4,334.85

Australia and New Zealand Banking Group Ltd Semi-Annual Data

Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,707.34 2,813.69 2,054.01 2,255.88 2,218.75

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-Recurring Items (NRI) - Tax Expense + Others
= - Depreciation, Depletion and Amortization - Interest Expense - Non-Recurring Items (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non-Recurring Items (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Australia and New Zealand Banking Group Ltd's Net Income for the fiscal year that ended in Sep. 2016 is calculated as

Net Income(A: Sep. 2016 )
= Pre-Tax Income + Tax Provision + Other Income (Expense) + Net Income (Discontinued Operations)
=6209.56719818+-1866.36294609+0+0
=4,343

Australia and New Zealand Banking Group Ltd's Net Income for the quarter that ended in Mar. 2017 is calculated as

Net Income(Q: Mar. 2017 )
= Pre-Tax Income + Tax Provision + Other Income (Expense) + Net Income (Discontinued Operations)
=3464.93902439+-1240.09146341+0+0
=2,225

For stock reported semi-annually, GuruFocus uses latest annual data as the TTM data. Net Income for the trailing twelve months (TTM) ended in Mar. 2017 was $4,335 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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:

Australia and New Zealand Banking Group Ltd's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2017 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


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