# WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WAB) FY2024 Annual P&L / Income Statement - Company: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (WAB) - Period: 2024-01-01 to 2024-12-31 - Filing: FY2024 10-K, filed 2025-02-12, accession number 0001628280-25-005100 - Page: https://plicit.ai/financials/wab/fy2024-annual-income-statement - Chart image: https://plicit.ai/charts/wab-fy2024-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service 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. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/wab/fy2024-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/wab-fy2024-annual-revenue-by-business-segment-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated 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 - **Freight Segment**: 7,468,000,000 US dollars - **Transit Segment**: 2,919,000,000 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 - **Freight Segment costs (calculated)**: 6,046,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Transit Segment costs (calculated)**: 2,581,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: 151,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### 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. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/wab/fy2024-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/wab-fy2024-annual-revenue-by-geography-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated 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 - **GERMANY**: 371,000,000 US dollars - **FRANCE**: 369,000,000 US dollars - **UNITED KINGDOM**: 296,000,000 US dollars - **ITALY**: 166,000,000 US dollars - **Other Europe**: 612,000,000 US dollars - **UNITED STATES**: 4,924,000,000 US dollars - **CANADA**: 616,000,000 US dollars - **MEXICO**: 275,000,000 US dollars - **South America**: 445,000,000 US dollars - **INDIA**: 579,000,000 US dollars - **Kazakhstan / CIS**: 559,000,000 US dollars - **Australia / New Zealand**: 481,000,000 US dollars - **CHINA**: 242,000,000 US dollars - **Other Asia / Middle East**: 258,000,000 US dollars - **EGYPT**: 28,000,000 US dollars - **Other Africa**: 166,000,000 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. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/wab/fy2024-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/wab-fy2024-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2024-01-01 through 2024-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated 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 - **Freight Segment - Equipment**: 2,108,000,000 US dollars - **Freight Segment - Services**: 3,381,000,000 US dollars - **Freight Segment - Components**: 1,193,000,000 US dollars - **Freight Segment - Digital Intelligence**: 786,000,000 US dollars - **Transit Segment - Aftermarket**: 1,611,000,000 US dollars - **Transit Segment - Original Equipment Manufacturer**: 1,308,000,000 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.