Mayagüez S.A. (BVC: MAYAGUEZ)

Mayagüez 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	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,530,816	1,591,868	1,677,884	1,106,301	1,034,614	928,775
Revenue Growth (YoY)	-13.00%	-5.13%	51.67%	6.93%	11.40%	20.81%
Cost of Revenue	1,059,305	1,095,470	1,041,343	763,051	730,039	667,684
Gross Profit	471,511	496,398	636,541	343,250	304,575	261,091
Selling, General & Admin	146,234	147,538	155,479	119,450	116,131	101,087
Other Operating Expenses	19,845	20,302	18,415	9,878	15,015	14,026
Operating Expenses	166,079	167,840	173,894	129,327	131,146	115,114
Operating Income	305,433	328,558	462,647	213,922	173,428	145,977
Interest Expense	-142,616	-143,061	-114,558	-76,761	-78,932	-83,539
Interest & Investment Income	10,605	7,182	18,524	4,889	3,530	2,704
Earnings From Equity Investments	-1,026	-957.99	-681.07	-425.33	-222.05	-166.65
Currency Exchange Gain (Loss)	6,959	8,258	-19,160	-21,374	-8,467	2,277
Other Non Operating Income (Expenses)	-10,605	-10,511	-13,064	-13,408	-7,358	-7,068
EBT Excluding Unusual Items	168,750	189,467	333,706	106,844	81,978	60,185
Gain (Loss) on Sale of Investments	878.59	878.59	1,314	4,474	3,027	1,764
Gain (Loss) on Sale of Assets	-899.15	-1,461	-212.66	-1,818	2,627	16,250
Legal Settlements	40.87	-556.95	-	-	-	-
Other Unusual Items	-9,579	-9,579	-422.75	-1,382	-3,560	-645.35
Pretax Income	182,618	202,736	334,875	113,044	93,510	79,233
Income Tax Expense	68,287	75,444	108,966	33,543	42,893	32,332
Earnings From Continuing Operations	114,330	127,292	225,909	79,501	50,617	46,901
Minority Interest in Earnings	-2,496	-3,393	-6,161	-3,699	1,407	1,374
Net Income	111,834	123,899	219,749	75,801	52,024	48,275
Net Income to Common	111,834	123,899	219,749	75,801	52,024	48,275
Net Income Growth	-47.73%	-43.62%	189.90%	45.70%	7.77%	177.27%
Shares Outstanding (Basic)	49	49	49	49	49	49
Shares Outstanding (Diluted)	49	49	49	49	49	49
EPS (Basic)	2268.93	2513.71	4458.34	1537.88	1055.48	979.42
EPS (Diluted)	2268.93	2513.71	4458.34	1537.88	1055.48	979.42
EPS Growth	-47.73%	-43.62%	189.90%	45.70%	7.77%	177.27%
Free Cash Flow	146,652	206,413	281,655	183,370	141,002	128,597
Free Cash Flow Per Share	2975.33	4187.78	5714.32	3720.29	2860.69	2609.03
Dividend Per Share	-	-	-	405.750	405.000	405.000
Dividend Growth	-	-	-	0.19%	0%	-0.19%
Gross Margin	30.80%	31.18%	37.94%	31.03%	29.44%	28.11%
Operating Margin	19.95%	20.64%	27.57%	19.34%	16.76%	15.72%
Profit Margin	7.31%	7.78%	13.10%	6.85%	5.03%	5.20%
Free Cash Flow Margin	9.58%	12.97%	16.79%	16.58%	13.63%	13.85%
EBITDA	490,233	512,983	631,838	355,589	304,523	271,730
EBITDA Margin	32.02%	32.23%	37.66%	32.14%	29.43%	29.26%
D&A For EBITDA	184,800	184,425	169,192	141,667	131,095	125,753
EBIT	305,433	328,558	462,647	213,922	173,428	145,977
EBIT Margin	19.95%	20.64%	27.57%	19.34%	16.76%	15.72%
Effective Tax Rate	37.39%	37.21%	32.54%	29.67%	45.87%	40.81%
Advertising Expenses	-	4,926	3,999	-	-	574.93

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