City Cars S.A. (BVMT: CITY)

City Cars Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	375.04	375.04	343.1	343.75	236.56	212.66
Revenue Growth (YoY)	76.36%	9.31%	-0.19%	45.31%	11.24%	39.43%
Cost of Revenue	312.86	312.86	286.14	284.99	195.73	181.24
Gross Profit	62.17	62.17	56.96	58.76	40.83	31.42
Selling, General & Admin	7.64	7.64	7.24	6.48	4.89	4.49
Other Operating Expenses	5.54	5.54	4.1	3.49	2.67	2.65
Operating Expenses	16.42	16.42	12.72	11.79	9.41	9
Operating Income	45.76	45.76	44.24	46.97	31.41	22.42
Interest Expense	-2.88	-2.88	-2.05	-1.4	-1.72	-1.65
Interest & Investment Income	5.47	5.47	4.81	4.67	2.46	1.99
Currency Exchange Gain (Loss)	0	0	0.02	-0	0.01	-0.05
Other Non Operating Income (Expenses)	-0.28	-0.28	-0.3	-0.33	-0.16	-0.09
EBT Excluding Unusual Items	48.07	48.07	46.71	49.92	32	22.63
Gain (Loss) on Sale of Assets	-	-	0.02	-0.01	-	0.01
Other Unusual Items	0.68	0.68	-	-	-	-
Pretax Income	48.75	48.75	46.73	49.9	32	22.63
Income Tax Expense	17.01	17.01	16.39	16.32	11	7.48
Earnings From Continuing Operations	31.74	31.74	30.34	33.58	21	15.15
Net Income to Company	31.74	31.74	30.34	33.58	21	15.15
Minority Interest in Earnings	-0.02	-0.02	-0.02	-0.23	-0	-0
Net Income	31.72	31.72	30.33	33.35	21	15.15
Net Income to Common	31.72	31.72	30.33	33.35	21	15.15
Net Income Growth	109.38%	4.59%	-9.08%	58.85%	38.61%	5.96%
Shares Outstanding (Basic)	18	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18	18
Shares Change (YoY)	-0.45%	-	-0.45%	-	-	-0.15%
EPS (Basic)	1.77	1.77	1.69	1.86	1.17	0.84
EPS (Diluted)	1.77	1.77	1.69	1.86	1.17	0.84
EPS Growth	110.34%	4.59%	-8.67%	58.85%	38.61%	6.12%
Free Cash Flow	8.01	8.01	20.35	62.59	36.66	24.29
Free Cash Flow Per Share	0.45	0.45	1.14	3.48	2.04	1.35
Dividend Per Share	1.250	1.250	1.250	1.250	0.830	-
Dividend Growth	-	0%	0%	50.60%	-	-
Gross Margin	16.58%	16.58%	16.60%	17.09%	17.26%	14.77%
Operating Margin	12.20%	12.20%	12.89%	13.66%	13.28%	10.54%
Profit Margin	8.46%	8.46%	8.84%	9.70%	8.88%	7.12%
Free Cash Flow Margin	2.14%	2.14%	5.93%	18.21%	15.50%	11.42%
EBITDA	47.16	47.16	45.69	48.62	32.85	23.75
EBITDA Margin	12.58%	12.58%	13.32%	14.14%	13.89%	11.17%
D&A For EBITDA	1.41	1.41	1.45	1.65	1.43	1.33
EBIT	45.76	45.76	44.24	46.97	31.41	22.42
EBIT Margin	12.20%	12.20%	12.89%	13.66%	13.28%	10.54%
Effective Tax Rate	34.90%	34.90%	35.07%	32.70%	34.38%	33.07%
Revenue as Reported	375.18	375.18	343.35	343.99	236.74	212.78
Advertising Expenses	2.28	2.28	2.46	1.52	1.27	1.18

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