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GuruFocus has detected 8 Warning Signs with Cowen Inc $COWN.
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Cowen Inc (NAS:COWN)
Pre-Tax Income
$-6.2 Mil (TTM As of Mar. 2017)

Pretax income is the income that a company earns before paying income taxes. Cowen Inc's pretax income for the three months ended in Mar. 2017 was $14.0 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2017 was $-6.2 Mil. Cowen Inc's pretax margin was 12.18%.

During the past 13 years, Cowen Inc's highest Pretax Margin was 13.52%. The lowest was -201.08%. And the median was -8.28%.


Definition

This is the income that a company earns before paying income taxes.

Cowen Inc's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=-75.553+24.542+-35.742+19.524+35.742
=-31.5

Cowen Inc's Pretax Income for the quarter that ended in Mar. 2017 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=-25.402+32.319+-13.913+7.083+13.913
=14.0

Cowen Inc Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2017 was -39.153 (Jun. 2016 ) + 24.018 (Sep. 2016 ) + -5.037 (Dec. 2016 ) + 14 (Mar. 2017 ) = $-6.2 Mil.

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


Explanation

Cowen Inc's Pretax Margin for the quarter that ended in Mar. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=14/114.971
=12.18%

During the past 13 years, Cowen Inc's highest Pretax Margin was 13.52%. The lowest was -201.08%. And the median was -8.28%.

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


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

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

Cowen Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income -17.8-256.9-47.2-53.1-98.6-23.518.357.811.5-31.5

Cowen Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Pretax Income 19.426.414.0-11.1-17.8-11.3-39.224.0-5.014.0
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