Empresa de Telecomunicaciones de Bogotá S.A. E.S.P. (BVC: ETB)

BVC: ETB 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,550,240	1,570,230	1,389,052	1,364,417	1,399,448	1,503,626
Other Revenue	1,178	-	-	12,774	13,858	7,704
Revenue	1,551,418	1,570,230	1,389,052	1,377,191	1,413,306	1,511,330
Revenue Growth (YoY)	2.88%	13.04%	0.86%	-2.56%	-6.49%	6.39%
Cost of Revenue	1,136,032	1,123,861	922,165	814,647	845,728	898,023
Gross Profit	415,386	446,369	466,887	562,544	567,578	613,307
Selling, General & Admin	110,163	118,958	112,614	139,811	124,609	138,232
Other Operating Expenses	-9,224	8,295	-108,813	6,577	22,717	22,279
Operating Expenses	429,185	460,138	349,214	520,456	560,267	609,463
Operating Income	-13,799	-13,769	117,673	42,087	7,311	3,843
Interest Expense	-163,074	-172,094	-104,655	-59,155	-55,292	-72,892
Interest & Investment Income	5,140	56,011	19,227	7,124	16,571	85,050
Earnings From Equity Investments	533.23	-6,174	2,337	-	-	-
Currency Exchange Gain (Loss)	-878.02	13,557	-1,776	5,773	-2,759	822.64
Other Non Operating Income (Expenses)	-84,697	7,385	-780.97	74,503	1,409	66,751
EBT Excluding Unusual Items	-256,775	-115,084	32,025	70,332	-32,759	83,575
Impairment of Goodwill	-	-	-	-	-92.7	2,515
Gain (Loss) on Sale of Assets	113,657	21,450	14,368	354.73	2,114	2,277
Asset Writedown	-47,455	-10,142	-1,992	7,375	-7,561	-5,469
Other Unusual Items	-	-	-	-	-	4,403
Pretax Income	-190,573	-103,775	44,400	78,061	-38,300	87,301
Income Tax Expense	-74,852	-65,915	-3,351	-57,244	2,027	7,935
Earnings From Continuing Operations	-115,721	-37,860	47,752	135,305	-40,326	79,366
Minority Interest in Earnings	1,142	654.61	1,342	3,399	1,989	-381.72
Net Income	-114,579	-37,206	49,093	138,704	-38,338	78,984
Net Income to Common	-114,579	-37,206	49,093	138,704	-38,338	78,984
Net Income Growth	-	-	-64.61%	-	-	10618.21%
Shares Outstanding (Basic)	3,551	3,551	3,551	3,551	3,551	3,551
Shares Outstanding (Diluted)	3,551	3,551	3,551	3,551	3,551	3,551
EPS (Basic)	-32.27	-10.48	13.83	39.07	-10.80	22.25
EPS (Diluted)	-32.27	-10.48	13.83	39.07	-10.80	22.25
EPS Growth	-	-	-64.61%	-	-	10618.26%
Free Cash Flow	40,151	-41,979	-128,985	27,958	61,425	364,003
Free Cash Flow Per Share	11.31	-11.82	-36.33	7.87	17.30	102.52
Gross Margin	26.77%	28.43%	33.61%	40.85%	40.16%	40.58%
Operating Margin	-0.89%	-0.88%	8.47%	3.06%	0.52%	0.25%
Profit Margin	-7.39%	-2.37%	3.53%	10.07%	-2.71%	5.23%
Free Cash Flow Margin	2.59%	-2.67%	-9.29%	2.03%	4.35%	24.08%
EBITDA	280,632	304,711	411,272	383,636	403,366	404,810
EBITDA Margin	18.09%	19.41%	29.61%	27.86%	28.54%	26.78%
D&A For EBITDA	294,431	318,480	293,599	341,549	396,055	400,966
EBIT	-13,799	-13,769	117,673	42,087	7,311	3,843
EBIT Margin	-0.89%	-0.88%	8.47%	3.06%	0.52%	0.25%
Effective Tax Rate	-	-	-	-	-	9.09%
Revenue as Reported	1,713,230	1,623,306	1,552,926	1,415,144	1,440,362	1,591,698
Advertising Expenses	-	28,558	24,496	26,766	19,473	16,023

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