Cementos Argos S.A. (BVC: CEMARGOS)

Cementos Argos Income Statement

Financials in millions COP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	12,611,732	12,717,345	11,684,055	9,817,689	9,000,548	9,375,076
Revenue Growth (YoY)	39.87%	8.84%	19.01%	9.08%	-3.99%	11.37%
Cost of Revenue	9,732,618	9,856,440	9,660,106	7,942,982	7,398,513	7,779,684
Gross Profit	2,879,114	2,860,905	2,023,949	1,874,707	1,602,035	1,595,392
Selling, General & Admin	1,219,038	1,208,677	999,554	865,015	817,694	917,499
Other Operating Expenses	63,997	93,622	-60,199	-136,723	42,859	59,421
Operating Expenses	1,283,035	1,302,299	939,355	728,292	860,553	976,920
Operating Income	1,596,079	1,558,606	1,084,594	1,146,415	741,482	618,472
Interest Expense	-908,385	-888,799	-630,899	-434,224	-498,563	-532,708
Interest & Investment Income	167,126	124,591	52,303	32,738	42,318	41,120
Earnings From Equity Investments	58,968	-1,482	7,461	-8,157	-5,630	-13,133
Currency Exchange Gain (Loss)	2,480	-50,112	3,421	10,387	-11,351	8,812
Other Non Operating Income (Expenses)	-31,567	-43,951	-27,500	-	-	-
EBT Excluding Unusual Items	884,701	698,853	489,380	747,159	268,256	122,563
Gain (Loss) on Sale of Investments	-	-	-	82	-14,363	26,147
Gain (Loss) on Sale of Assets	42,834	40,958	11,080	-18,454	-33,483	59,379
Asset Writedown	6,062	4,848	13,077	23,786	187	34,187
Legal Settlements	-12,652	-12,652	-7,061	-1,939	-77,018	-11,982
Other Unusual Items	-	-	-	-	20,119	-
Pretax Income	969,626	780,688	580,408	817,634	221,815	342,823
Income Tax Expense	415,141	387,627	365,594	293,698	81,001	146,315
Earnings From Continuing Operations	554,485	393,061	214,814	523,936	140,814	196,508
Earnings From Discontinued Operations	5,049,579	-	-	-	-	-
Net Income to Company	5,604,064	393,061	214,814	523,936	140,814	196,508
Minority Interest in Earnings	-63,536	-73,116	-72,527	-92,804	-62,626	-74,626
Net Income	5,540,528	319,945	142,287	431,132	78,188	121,882
Net Income to Common	5,540,528	319,945	142,287	431,132	78,188	121,882
Net Income Growth	1783.53%	124.86%	-67.00%	451.40%	-35.85%	-31.74%
Shares Outstanding (Basic)	1,190	1,170	1,170	1,170	1,152	1,152
Shares Outstanding (Diluted)	1,190	1,170	1,170	1,170	1,152	1,152
Shares Change (YoY)	1.71%	-0.06%	-	1.63%	-	-
EPS (Basic)	4654.12	273.50	121.56	368.34	67.89	105.83
EPS (Diluted)	4654.12	273.50	121.56	368.34	67.89	105.83
EPS Growth	1751.93%	124.98%	-67.00%	442.54%	-35.85%	-31.74%
Free Cash Flow	735,894	1,306,768	707,666	905,923	1,118,577	745,316
Free Cash Flow Per Share	618.16	1117.06	604.60	773.98	971.26	647.16
Dividend Per Share	117.540	117.540	92.770	281.200	127.600	251.200
Dividend Growth	26.70%	26.70%	-67.01%	120.38%	-49.20%	3.80%
Gross Margin	22.83%	22.50%	17.32%	19.10%	17.80%	17.02%
Operating Margin	12.66%	12.26%	9.28%	11.68%	8.24%	6.60%
Profit Margin	43.93%	2.52%	1.22%	4.39%	0.87%	1.30%
Free Cash Flow Margin	5.83%	10.28%	6.06%	9.23%	12.43%	7.95%
EBITDA	2,131,092	2,379,826	1,894,355	1,929,383	1,503,484	1,364,605
EBITDA Margin	16.90%	18.71%	16.21%	19.65%	16.70%	14.56%
D&A For EBITDA	535,013	821,220	809,761	782,968	762,002	746,133
EBIT	1,596,079	1,558,606	1,084,594	1,146,415	741,482	618,472
EBIT Margin	12.66%	12.26%	9.28%	11.68%	8.24%	6.60%
Effective Tax Rate	42.81%	49.65%	62.99%	35.92%	36.52%	42.68%

Source: S&P Capital IQ. Standard template. Financial Sources.