WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WAB) FY2024 Annual P&L / Income Statement

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WAB) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue and costs use their disclosed categories.

Total net sales

10,387,000,000 US dollars

Total cost of sales

7,021,000,000 US dollars

Gross profit

3,366,000,000 US dollars

Total operating expenses

1,757,000,000 US dollars

Income from operations

1,609,000,000 US dollars

Other income (expense), net (calculated)

negative 199,000,000 US dollars

Income before income taxes

1,410,000,000 US dollars

Income tax expense

343,000,000 US dollars

Net income

1,067,000,000 US dollars

Product revenue

8,434,000,000 US dollars

Services revenue

1,953,000,000 US dollars

Product cost of revenue

5,918,000,000 US dollars

Services cost of revenue

1,103,000,000 US dollars

Selling, general and administrative expenses

1,248,000,000 US dollars

Engineering expenses

206,000,000 US dollars

Amortization expense

303,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION: $1.06 B; to noncontrolling interests: $11.00 M.