Tencent Holdings Limited (HKG: 0700)

Tencent Holdings Income Statement

Financials in millions CNY. 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	635,599	603,620	547,358	552,433	474,569	369,723
Other Revenue	7,408	5,395	7,194	7,685	7,495	7,566
Revenue	643,007	609,015	554,552	560,118	482,064	377,289
Revenue Growth (YoY)	7.39%	9.82%	-0.99%	16.19%	27.77%	20.66%
Cost of Revenue	306,847	315,903	315,665	314,187	260,440	209,705
Gross Profit	336,160	293,112	238,887	245,931	221,624	167,584
Selling, General & Admin	145,621	137,736	135,925	130,441	101,383	74,842
Other Operating Expenses	-10,342	-7,571	-7,918	-8,360	-5,141	-4,678
Operating Expenses	135,279	130,165	128,007	122,081	96,242	70,164
Operating Income	200,881	162,947	110,880	123,850	125,382	97,420
Interest Expense	-12,122	-11,885	-9,985	-7,918	-7,449	-7,690
Interest & Investment Income	16,159	13,808	8,592	7,310	8,722	7,328
Earnings From Equity Investments	18,386	5,800	-16,129	-16,444	3,672	-1,681
Currency Exchange Gain (Loss)	-383	-383	633	804	-438	77
EBT Excluding Unusual Items	222,887	170,287	93,991	107,602	129,889	95,454
Impairment of Goodwill	-167	-	-	-8,702	-4,205	-20
Gain (Loss) on Sale of Investments	-4,116	-6,090	116,287	149,160	55,005	14,180
Gain (Loss) on Sale of Assets	126	126	108	-	-	-
Asset Writedown	-3	-3	-141	2	-667	-214
Other Unusual Items	-2,982	-2,996	-20	-	-	-
Pretax Income	215,745	161,324	210,225	248,062	180,022	109,400
Income Tax Expense	42,895	43,276	21,516	20,252	19,897	13,512
Earnings From Continuing Operations	172,850	118,048	188,709	227,810	160,125	95,888
Minority Interest in Earnings	-3,076	-2,832	-466	-2,988	-278	-2,578
Net Income	169,774	115,216	188,243	224,822	159,847	93,310
Net Income to Common	169,774	115,216	188,243	224,822	159,847	93,310
Net Income Growth	-12.69%	-38.79%	-16.27%	40.65%	71.31%	18.54%
Shares Outstanding (Basic)	9,328	9,455	9,528	9,528	9,490	9,468
Shares Outstanding (Diluted)	9,465	9,610	9,695	9,696	9,650	9,603
Shares Change (YoY)	-1.79%	-0.88%	-0.01%	0.48%	0.49%	0.37%
EPS (Basic)	18.20	12.19	19.76	23.60	16.84	9.86
EPS (Diluted)	17.80	11.89	19.34	23.16	16.52	9.64
EPS Growth	-11.29%	-38.54%	-16.51%	40.20%	71.34%	17.20%
Free Cash Flow	213,608	200,954	123,412	145,884	160,049	125,824
Free Cash Flow Per Share	22.57	20.91	12.73	15.05	16.59	13.10
Dividend Per Share	3.086	3.086	2.123	1.303	1.347	1.073
Dividend Growth	45.37%	45.37%	62.87%	-3.25%	25.59%	22.15%
Gross Margin	52.28%	48.13%	43.08%	43.91%	45.97%	44.42%
Operating Margin	31.24%	26.76%	19.99%	22.11%	26.01%	25.82%
Profit Margin	26.40%	18.92%	33.95%	40.14%	33.16%	24.73%
Free Cash Flow Margin	33.22%	33.00%	22.25%	26.05%	33.20%	33.35%
EBITDA	222,524	183,937	134,297	146,995	144,667	110,605
EBITDA Margin	34.61%	30.20%	24.22%	26.24%	30.01%	29.32%
D&A For EBITDA	21,643	20,990	23,417	23,145	19,285	13,185
EBIT	200,881	162,947	110,880	123,850	125,382	97,420
EBIT Margin	31.24%	26.76%	19.99%	22.11%	26.01%	25.82%
Effective Tax Rate	19.88%	26.83%	10.23%	8.16%	11.05%	12.35%
Revenue as Reported	643,007	609,015	554,552	560,118	482,064	377,289
Advertising Expenses	-	22,836	18,764	31,335	26,596	-

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