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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. Primerica's Net Income for the three months ended in Dec. 2023 was $152 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $574 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Primerica's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $4.32.
The historical data trend for Primerica'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.
Primerica Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Net Income | Get a 7-Day Free Trial | 366.39 | 386.16 | 477.36 | 472.07 | 576.60 |
Primerica Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Net Income | Get a 7-Day Free Trial | 146.72 | 125.11 | 144.50 | 152.06 | 151.94 |
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
Primerica'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 |
= | 751.68 | + | -175.079 | + | 0 | + | 1.1368683772162E-13 |
= | 577 |
Primerica'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 |
= | 197.041 | + | -45.106 | + | 0 | + | 0 |
= | 152 |
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 $574 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.
Primerica (NYSE:PRI) 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:
Primerica's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as
Earnings per Share (Diluted) (Q: Dec. 2023 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (151.935 | - | 0) | / | 35.141 | |
= | 4.32 |
* 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 Primerica's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Alison S. Rand | officer: Executive VP and CFO | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Glenn J. Williams | officer: President | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Tracy Xiangyan Tan | officer: Executive VP, Finance | 5168 LONG ISLAND DR NW, ATLANTA GA 30327 |
Peter W. Schneider | officer: Exec. VP and General Counsel | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Addison John A. Jr. | director, officer: Co-Chief Executive Officer | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Gregory C. Pitts | officer: Executive VP and COO | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
P George Benson | director | NUTRITION 21, INC., 4 MANHATTANVILLE ROAD, PURCHASE NY 10577 |
Amber Lynne Cottle | director | 3921 MILITARY ROAD NW, WASHINGTON DC 20015 |
Joel M. Babbit | director | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Sanjeev Dheer | director | 22 MURRAY HILL ROAD, SCARSDALE NY 10583 |
Barbara A. Yastine | director | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
William A. Kelly | officer: President of Subsidiary | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
Robert F Mccullough | director | 1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 300309 |
C Saxby Chambliss | director | ONE ATLANTIC CENTER, 1201 WEST PEACHTREE STREET, SUITE 2800, ATLANTA GA 30309 |
Jeffrey S. Fendler | officer: President of Subsidiary | 3120 BRECKINRIDGE BLVD., DULUTH GA 30099 |
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