PCCW Limited (HKG: 0008)

PCCW Limited Income Statement

Financials in millions HKD. 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	37,195	36,347	36,065	35,455	35,984	37,521
Revenue Growth (YoY)	2.81%	0.78%	1.72%	-1.47%	-4.10%	-3.42%
Cost of Revenue	18,763	18,116	17,914	17,725	19,189	18,907
Gross Profit	18,432	18,231	18,151	17,730	16,795	18,614
Selling, General & Admin	13,292	13,265	13,498	13,179	12,553	13,461
Operating Expenses	13,292	13,265	13,498	13,179	12,553	13,461
Operating Income	5,140	4,966	4,653	4,551	4,242	5,153
Interest Expense	-2,667	-2,473	-1,678	-1,387	-1,568	-1,933
Interest & Investment Income	146	165	101	69	67	135
Earnings From Equity Investments	-333	-252	-278	572	-25	33
Currency Exchange Gain (Loss)	-97	-97	-57	16	19	71
Other Non Operating Income (Expenses)	-115	-82	-90	10	-86	-82
EBT Excluding Unusual Items	2,074	2,227	2,651	3,831	2,649	3,377
Merger & Restructuring Charges	-	-	-	-	-	-1
Gain (Loss) on Sale of Investments	228	272	-52	-80	-116	47
Gain (Loss) on Sale of Assets	-	-	-	-	-35	-
Asset Writedown	-	-	-	-5	-409	369
Other Unusual Items	-	-	-	-	-6	19
Pretax Income	2,302	2,499	2,599	3,746	2,083	3,811
Income Tax Expense	373	409	672	998	705	941
Earnings From Continuing Operations	1,929	2,090	1,927	2,748	1,378	2,870
Earnings From Discontinued Operations	-	-	834	199	-729	-
Net Income to Company	1,929	2,090	2,761	2,947	649	2,870
Minority Interest in Earnings	-2,142	-2,326	-2,368	-1,682	-1,669	-2,189
Net Income	-213	-236	393	1,265	-1,020	681
Preferred Dividends & Other Adjustments	234	235	235	226	-	-
Net Income to Common	-447	-471	158	1,039	-1,020	681
Net Income Growth	-	-	-68.93%	-	-	-24.08%
Shares Outstanding (Basic)	7,729	7,727	7,724	7,721	7,717	7,714
Shares Outstanding (Diluted)	7,729	7,727	7,724	7,728	7,717	7,721
Shares Change (YoY)	0.04%	0.04%	-0.05%	0.15%	-0.06%	0.01%
EPS (Basic)	-0.06	-0.06	0.02	0.13	-0.13	0.09
EPS (Diluted)	-0.06	-0.06	0.02	0.13	-0.13	0.09
EPS Growth	-	-	-84.78%	-	-	-24.10%
Free Cash Flow	10,524	11,159	8,007	6,113	9,662	6,177
Free Cash Flow Per Share	1.36	1.44	1.04	0.79	1.25	0.80
Dividend Per Share	0.383	0.383	0.380	0.370	0.322	0.322
Dividend Growth	0%	0.55%	2.67%	15.13%	0%	3.01%
Gross Margin	49.55%	50.16%	50.33%	50.01%	46.67%	49.61%
Operating Margin	13.82%	13.66%	12.90%	12.84%	11.79%	13.73%
Profit Margin	-1.20%	-1.30%	0.44%	2.93%	-2.83%	1.81%
Free Cash Flow Margin	28.29%	30.70%	22.20%	17.24%	26.85%	16.46%
EBITDA	9,836	9,807	9,496	7,128	6,667	7,392
EBITDA Margin	26.44%	26.98%	26.33%	20.10%	18.53%	19.70%
D&A For EBITDA	4,696	4,841	4,843	2,577	2,425	2,239
EBIT	5,140	4,966	4,653	4,551	4,242	5,153
EBIT Margin	13.82%	13.66%	12.90%	12.84%	11.79%	13.73%
Effective Tax Rate	16.20%	16.37%	25.86%	26.64%	33.85%	24.69%

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