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A comment on Scientists find microplastics in blood for first time. Parent comment

Re:Scientists find microplastics in blood for first time by sokoloff on Saturday March 26, 2022 @11:19AM (#30812583)
> Duke Energy had a 12% net profit margin with a gross profit of $4.4 Billion in December 2021.

Having previously invested in Duke Energy (but not currently directly invested in them), that gross profit figure seemed dramatically wrong. Because it is.

For the quarter ending (not the month of) Dec 2021, Duke Energy had a gross revenue of $6.2B, with a cost of revenue of $3.6B, for a gross profit (for the quarter) of $2.7B (figures are correct but seem incorrect due to rounding).

https://finance.yahoo.com/quote/DUK/financials/

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Re:Scientists find microplastics in blood for first time by DwnVoteHoneyPot on Saturday March 26, 2022 @12:50PM (#30813385)
Gross profit isn't even a useful metric here. SpodGaju is just cherry picking a number that's high to make it sound outrageous. SpodGaju is ignoring all the infratructure (and related costs) needed for reliable electricity.
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Re:Scientists find microplastics in blood for first time by SpodGaju on Saturday March 26, 2022 @01:40PM (#30813734)
Gross profit is gross profit. It is not a number I am making up. They made 5% more profit then they did last year. Their gross profit, meaning money they have left after accounting for all expenses, was $18 billion for 2021.

https://www.macrotrends.net/stocks/charts/DUK/duke-energy/gr...

Duke Energy annual gross profit for 2021 was $18.137B, a 4.49% increase from 2020.

https://wraltechwire.com/2022/02/10/duke-energy-ceo-q4-cappe...

"For the year, the company reported profit of $3.91 billion, or $4.94 per share. Revenue was reported as $25.1 billion."

Profit, that is money left over. Can you explain how stating a companies profit is cherry picking?

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Re:Scientists find microplastics in blood for first time by sokoloff on Sunday March 27, 2022 @11:11AM (#30820818)
> Their gross profit, meaning money they have left after accounting for all expenses, was $18 billion for 2021.

That’s not at all what gross profit is, nor is their GP for 2021 that high.

In rough terms: Gross profit is revenue minus cost of revenue. Operating income is gross profit minus operating expenses. Pretax profit is OI minus financing and other costs and is much closer to “after all expenses (except taxes)”.

Further, their financial statements show their gross profit for 2021 to be $12.1B with a taxable income of $3.8B. (Both the yahoo link above and WSJ agree: https://www.wsj.com/market-data/quotes/DUK/financials/annual... (For WSJ, take gross revenue and subtract COGS ex-D&A to get to GP))

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