AROW | Arrow Financial Corporation Stock Financials Income Statements Annual

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	130.57M	149.24M	142.72M	131.86M	116.60M	112.97M	105.30M	99.39M	94.05M	89.41M	84.28M	84.52M	84.04M	80.37M	80.33M	73.50M	62.58M	61.65M	62.96M	62.43M	61.47M	61.35M	55.70M	48.45M	47.30M	43.50M	39.20M	56.70M	50.40M	42.90M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	130.57M	149.24M	142.72M	131.86M	116.60M	112.97M	105.30M	99.39M	94.05M	89.41M	84.28M	84.52M	84.04M	80.37M	80.33M	73.50M	62.58M	61.65M	62.96M	62.43M	61.47M	61.35M	55.70M	48.45M	47.30M	43.50M	39.20M	56.70M	50.40M	42.90M
Operating Expenses	73.00M	-82.57M	-78.32M	-80.00M	-69.53M	-55.18M	-104.37M	-98.28M	-92.69M	-88.17M	-83.25M	-83.35M	-83.29M	-80.05M	27.42M	-72.96M	-61.87M	-60.57M	-62.11M	-61.34M	-60.30M	-60.19M	-54.74M	-47.39M	-46.00M	2.10M	900.00K	-3.70M	-6.10M	-12.30M
Selling, General & Admin	50.89M	48.18M	45.84M	43.12M	38.56M	39.67M	38.06M	35.41M	34.25M	32.06M	32.26M	32.73M	31.50M	27.55M	27.04M	24.55M	21.42M	22.10M	20.69M	19.82M	18.97M	18.86M	17.23M	15.59M	15.20M	13.80M	12.70M	15.00M	16.70M	16.20M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	N/A	-130.75M	-124.16M	-123.12M	-108.09M	-104.22M	-142.43M	-133.68M	-126.94M	-120.23M	-115.52M	-116.08M	-114.79M	-107.60M	375.00K	-97.51M	-83.29M	-82.67M	-82.80M	-81.16M	-79.27M	-79.05M	-71.97M	-62.98M	-61.20M	-11.70M	-11.80M	-18.70M	-22.80M	-28.50M
Operating Income	2.44M	66.67M	64.40M	51.86M	47.08M	57.79M	927.00K	1.11M	1.35M	1.24M	1.02M	1.17M	746.00K	316.00K	1.17M	541.00K	717.00K	1.08M	854.00K	1.09M	1.17M	1.16M	963.00K	1.06M	1.30M	45.60M	40.10M	53.00M	44.30M	30.60M
Other Expenses / Income	35.08M	-11.02M	-11.48M	-8.89M	-9.35M	-8.87M	-8.61M	-14.49M	-14.13M	-13.21M	-12.86M	-732.00K	N/A	N/A	2.59M	-440.00K	23.42M	22.94M	N/A	N/A	26.35M	26.51M	21.91M	18.34M	17.23M	-28.10M	-23.90M	-21.90M	-24.90M	-18.20M
Before Tax Income	37.52M	62.91M	64.40M	51.86M	47.08M	45.30M	39.85M	37.75M	35.27M	33.53M	30.87M	31.84M	31.65M	31.65M	31.58M	29.44M	24.14M	24.02M	26.74M	28.44M	27.52M	27.67M	22.87M	19.39M	18.60M	17.50M	16.20M	31.10M	19.40M	12.40M
Income Tax Expenses	7.45M	14.11M	14.55M	11.04M	9.60M	9.03M	10.53M	11.21M	10.61M	10.17M	9.08M	9.66M	9.71M	9.75M	9.79M	9.00M	6.81M	7.12M	8.10M	8.96M	8.61M	8.77M	7.05M	5.71M	5.70M	5.70M	5.20M	10.80M	7.00M	1.10M
Net Income	30.07M	48.80M	49.86M	40.83M	37.48M	36.28M	29.33M	26.53M	24.66M	23.36M	21.80M	22.18M	21.93M	21.89M	21.79M	20.44M	17.33M	16.89M	18.64M	19.48M	18.92M	18.89M	15.82M	13.68M	12.90M	11.80M	11.00M	20.30M	12.40M	11.30M
Interest Expenses	57.73M	11.31M	5.20M	12.69M	21.71M	12.48M	7.01M	5.36M	4.81M	5.77M	7.92M	11.96M	18.68M	23.70M	26.49M	32.28M	40.28M	34.74M	24.11M	19.21M	21.61M	25.11M	33.17M	37.37M	29.30M	28.10M	23.90M	21.90M	24.90M	18.20M
Basic Shares Outstanding	17.04M	17.01M	16.99M	16.90M	16.82M	16.22M	16.11M	15.99M	15.86M	15.81M	15.73M	15.67M	15.62M	15.45M	15.40M	15.37M	15.59M	16.36M	16.56M	17.59M	16.13M	16.32M	17.22M	17.24M	17.24M	22.22M	18.14M	19.38M	20.45M	20.52M
Diluted Shares Outstanding	17.04M	17.06M	17.05M	16.91M	16.86M	16.31M	16.21M	16.09M	15.92M	15.85M	15.77M	15.68M	15.64M	15.49M	15.47M	15.45M	15.69M	16.58M	16.84M	18.00M	16.50M	16.69M	17.52M	17.39M	17.47M	22.56M	18.38M	19.45M	20.47M	20.52M
EBITDA	N/A	70.46M	72.23M	58.73M	52.58M	50.06M	45.25M	43.69M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EBITDA Margin	0.00%	47.21%	50.61%	44.54%	45.09%	44.31%	42.98%	43.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT	95.25M	74.22M	69.60M	64.56M	68.78M	57.79M	46.86M	43.10M	40.09M	39.30M	38.80M	43.80M	50.33M	55.34M	58.07M	61.71M	64.42M	58.76M	50.86M	47.64M	49.13M	52.77M	56.04M	56.76M	47.90M	45.60M	40.10M	53.00M	44.30M	30.60M
EBIT Margin	72.95%	49.73%	48.76%	48.96%	58.99%	51.16%	44.50%	43.37%	42.62%	43.96%	46.03%	51.82%	59.88%	68.86%	72.29%	83.96%	102.94%	95.31%	80.77%	76.32%	79.93%	86.02%	100.61%	117.16%	101.27%	104.83%	102.30%	93.47%	87.90%	71.33%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31