Lenovo Group Limited (HKG: 0992)

Lenovo Group Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	59,411	56,864	61,947	71,618	60,742	50,716
Revenue Growth (YoY)	2.63%	-8.21%	-13.50%	17.90%	19.77%	-0.63%
Cost of Revenue	49,300	47,061	51,446	59,569	50,974	42,359
Gross Profit	10,111	9,803	10,501	12,049	9,768	8,357
Selling, General & Admin	5,889	5,799	5,586	6,691	6,029	5,497
Research & Development	2,052	2,028	2,195	2,073	1,454	1,336
Other Operating Expenses	72.69	-15.9	275.39	313.68	-157.11	124.1
Operating Expenses	8,014	7,810	8,057	9,078	7,326	6,957
Operating Income	2,097	1,993	2,444	2,971	2,442	1,400
Interest Expense	-275.12	-275.2	-316.11	-258.55	-267.02	-261.7
Interest & Investment Income	130.31	144.07	124.73	56.46	34.75	47.85
Earnings From Equity Investments	-28.47	-25.66	-16.8	-6.91	-32.32	-14.55
Currency Exchange Gain (Loss)	18.44	18.44	241.54	111.52	-371.36	49.68
Other Non Operating Income (Expenses)	-490.63	-487.6	-341.59	-103.83	-141.63	-192.49
EBT Excluding Unusual Items	1,452	1,367	2,136	2,770	1,664	1,029
Merger & Restructuring Charges	-2.05	-2.05	-10.78	-	-	-
Gain (Loss) on Sale of Assets	-3.48	-3.48	-6.2	-2.27	110	-11.47
Other Unusual Items	4.06	4.06	16.94	-	-	-
Pretax Income	1,450	1,365	2,136	2,768	1,774	1,018
Income Tax Expense	277.93	263.14	455.16	622.4	461.2	213.2
Earnings From Continuing Operations	1,172	1,102	1,681	2,145	1,313	804.5
Minority Interest in Earnings	-95.05	-91.81	-73.11	-115.51	-102.16	-85.65
Net Income	1,077	1,011	1,608	2,030	1,211	718.85
Preferred Dividends & Other Adjustments	-	-	-	-	75.14	53.76
Net Income to Common	1,077	1,011	1,608	2,030	1,136	665.09
Net Income Growth	-15.07%	-37.15%	-20.79%	67.64%	68.44%	10.57%
Shares Outstanding (Basic)	12,100	12,022	11,909	11,629	11,910	11,923
Shares Outstanding (Diluted)	13,010	12,994	12,970	13,082	13,123	12,859
Shares Change (YoY)	0.41%	0.19%	-0.86%	-0.31%	2.05%	6.90%
EPS (Basic)	0.09	0.08	0.14	0.17	0.10	0.06
EPS (Diluted)	0.09	0.08	0.13	0.16	0.09	0.05
EPS Growth	-15.89%	-36.79%	-19.24%	77.08%	64.09%	9.45%
Free Cash Flow	1,443	1,281	1,684	3,079	2,956	1,546
Free Cash Flow Per Share	0.11	0.10	0.13	0.24	0.23	0.12
Dividend Per Share	-	0.049	0.048	0.049	0.039	0.036
Dividend Growth	-	0.31%	-0.23%	23.28%	9.74%	1.27%
Gross Margin	17.02%	17.24%	16.95%	16.82%	16.08%	16.48%
Operating Margin	3.53%	3.50%	3.95%	4.15%	4.02%	2.76%
Profit Margin	1.81%	1.78%	2.60%	2.83%	1.87%	1.31%
Free Cash Flow Margin	2.43%	2.25%	2.72%	4.30%	4.87%	3.05%
EBITDA	3,136	3,027	3,409	3,881	3,211	2,115
EBITDA Margin	5.28%	5.32%	5.50%	5.42%	5.29%	4.17%
D&A For EBITDA	1,039	1,034	964.37	909.33	769.44	714.2
EBIT	2,097	1,993	2,444	2,971	2,442	1,400
EBIT Margin	3.53%	3.50%	3.95%	4.15%	4.02%	2.76%
Effective Tax Rate	19.16%	19.27%	21.31%	22.49%	25.99%	20.95%
Advertising Expenses	-	877.96	845.83	1,131	815.88	796.09

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