PT Equity Development Investment Tbk (IDX: GSMF)

GSMF Income Statement

Financials in millions IDR. 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
Premiums & Annuity Revenue	887,004	872,989	935,361	976,654	783,088	902,765
Total Interest & Dividend Income	121,771	117,367	441,972	74,890	82,764	123,092
Gain (Loss) on Sale of Investments	19,850	26,209	-7,537	6,456	5,107	13,703
Non-Insurance Activities Revenue	91,860	96,190	145,518	158,787	159,824	207,593
Other Revenue	126,706	104,680	114,969	103,557	97,778	83,761
Total Revenue	1,247,651	1,217,761	1,630,602	1,321,475	1,128,677	1,331,376
Revenue Growth (YoY)	-13.94%	-25.32%	23.39%	17.08%	-15.22%	13.21%
Policy Benefits	615,305	673,084	702,084	770,700	539,158	632,566
Policy Acquisition & Underwriting Costs	51,820	54,752	36,356	39,143	36,329	42,693
Selling, General & Administrative	459,531	430,816	542,063	388,551	417,076	455,200
Provision for Bad Debts	24,328	9,802	105,112	9,145	-19,737	26,599
Other Operating Expenses	61,377	70,638	57,222	62,254	59,191	49,590
Total Operating Expenses	1,212,361	1,239,092	1,442,837	1,269,793	1,032,017	1,206,648
Operating Income	35,290	-21,331	187,765	51,682	96,660	124,728
Interest Expense	-37,487	-29,736	-134,106	-49,865	-58,284	-52,447
Currency Exchange Gain (Loss)	-4,421	-5,433	23,311	2,728	3,366	-13,610
EBT Excluding Unusual Items	-6,618	-56,500	76,970	4,545	41,742	58,671
Gain (Loss) on Sale of Assets	5,942	13,229	32	15,295	2,578	4,934
Asset Writedown	5,207	5,207	2,365	11,444	13,490	3,154
Pretax Income	4,531	-38,064	79,367	31,284	57,810	66,759
Income Tax Expense	20,006	18,106	33,947	19,400	30,923	18,418
Earnings From Continuing Ops.	-15,475	-56,170	45,420	11,884	26,887	48,341
Minority Interest in Earnings	-6,383	-2,969	-27,245	-5,716	-8,425	-8,901
Net Income	-21,858	-59,139	18,175	6,168	18,462	39,440
Net Income to Common	-21,858	-59,139	18,175	6,168	18,462	39,440
Net Income Growth	-	-	194.67%	-66.59%	-53.19%	-32.84%
Shares Outstanding (Basic)	14,230	14,230	14,230	8,019	7,455	7,455
Shares Outstanding (Diluted)	14,230	14,230	14,230	8,019	7,455	7,455
Shares Change (YoY)	-	-	77.45%	7.57%	-	-
EPS (Basic)	-1.54	-4.16	1.28	0.77	2.48	5.29
EPS (Diluted)	-1.54	-4.16	1.28	0.77	2.48	5.29
EPS Growth	-	-	66.06%	-68.94%	-53.19%	-32.84%
Free Cash Flow	5,147	-28,684	180,472	103,499	19,316	5,984
Free Cash Flow Per Share	0.36	-2.02	12.68	12.91	2.59	0.80
Operating Margin	2.83%	-1.75%	11.52%	3.91%	8.56%	9.37%
Profit Margin	-1.75%	-4.86%	1.11%	0.47%	1.64%	2.96%
Free Cash Flow Margin	0.41%	-2.36%	11.07%	7.83%	1.71%	0.45%
EBITDA	48,128	-8,863	211,607	66,334	112,709	139,980
EBITDA Margin	3.86%	-0.73%	12.98%	5.02%	9.99%	10.51%
D&A For EBITDA	12,838	12,468	23,842	14,652	16,049	15,252
EBIT	35,290	-21,331	187,765	51,682	96,660	124,728
EBIT Margin	2.83%	-1.75%	11.52%	3.91%	8.56%	9.37%
Effective Tax Rate	441.54%	-	42.77%	62.01%	53.49%	27.59%
Revenue as Reported	1,251,614	1,230,832	1,658,208	1,351,033	1,151,930	1,333,173

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