PT Sinar Mas Agro Resources and Technology Tbk (IDX: SMAR)

IDX: SMAR 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
Revenue	73,915,506	66,530,549	75,045,559	57,004,234	40,434,346	36,198,102
Revenue Growth (YoY)	10.46%	-11.35%	31.65%	40.98%	11.70%	-3.19%
Cost of Revenue	67,006,262	59,898,024	61,858,625	46,122,058	34,581,758	32,369,115
Gross Profit	6,909,244	6,632,525	13,186,934	10,882,176	5,852,588	3,828,987
Selling, General & Admin	3,574,089	3,240,976	3,145,474	2,770,680	2,726,312	2,751,239
Other Operating Expenses	1,744,042	1,932,180	3,467,713	4,204,864	731,765	3,192
Operating Expenses	5,318,131	5,173,156	6,613,187	6,975,544	3,458,077	2,754,431
Operating Income	1,591,113	1,459,369	6,573,747	3,906,632	2,394,511	1,074,556
Interest Expense	-1,215,466	-1,249,192	-1,315,514	-1,083,256	-719,437	-548,345
Interest & Investment Income	49,528	56,119	119,439	243,826	221,078	93,110
Earnings From Equity Investments	171,443	189,064	827,679	57,883	16,710	-2,229
Currency Exchange Gain (Loss)	389,182	-164,985	-171,059	-46,312	-243,225	407,149
Other Non Operating Income (Expenses)	777,215	800,122	766,351	498,498	387,752	142,686
EBT Excluding Unusual Items	1,763,015	1,090,497	6,800,643	3,577,271	2,057,389	1,166,927
Gain (Loss) on Sale of Assets	31,885	25,775	12,946	21,912	38,932	5,398
Asset Writedown	-9,497	-7,386	-7,618	-5,443	-8,541	-6,272
Pretax Income	1,785,403	1,108,886	6,805,971	3,593,740	2,087,780	1,166,053
Income Tax Expense	353,732	191,016	1,301,015	764,322	547,982	267,355
Earnings From Continuing Operations	1,431,671	917,870	5,504,956	2,829,418	1,539,798	898,698
Minority Interest in Earnings	174	-63	-4,437	-2,610	-1,056	-66
Net Income	1,431,845	917,807	5,500,519	2,826,808	1,538,742	898,632
Net Income to Common	1,431,845	917,807	5,500,519	2,826,808	1,538,742	898,632
Net Income Growth	-41.23%	-83.31%	94.58%	83.71%	71.23%	50.44%
Shares Outstanding (Basic)	2,872	2,872	2,872	2,872	2,872	2,872
Shares Outstanding (Diluted)	2,872	2,872	2,872	2,872	2,872	2,872
EPS (Basic)	498.52	319.55	1915.09	984.20	535.74	312.87
EPS (Diluted)	498.52	319.55	1915.09	984.20	535.74	312.87
EPS Growth	-41.23%	-83.31%	94.58%	83.71%	71.23%	50.44%
Free Cash Flow	-2,198,605	1,943,509	2,847,942	-191,871	-482,950	2,802,409
Free Cash Flow Per Share	-765.48	676.66	991.56	-66.80	-168.15	975.70
Dividend Per Share	95.000	95.000	570.000	295.000	160.000	-
Dividend Growth	-74.32%	-83.33%	93.22%	84.38%	-	-
Gross Margin	9.35%	9.97%	17.57%	19.09%	14.47%	10.58%
Operating Margin	2.15%	2.19%	8.76%	6.85%	5.92%	2.97%
Profit Margin	1.94%	1.38%	7.33%	4.96%	3.81%	2.48%
Free Cash Flow Margin	-2.97%	2.92%	3.79%	-0.34%	-1.19%	7.74%
EBITDA	2,836,499	2,583,580	7,624,799	5,213,698	3,341,572	1,969,550
EBITDA Margin	3.84%	3.88%	10.16%	9.15%	8.26%	5.44%
D&A For EBITDA	1,245,386	1,124,211	1,051,052	1,307,066	947,061	894,994
EBIT	1,591,113	1,459,369	6,573,747	3,906,632	2,394,511	1,074,556
EBIT Margin	2.15%	2.19%	8.76%	6.85%	5.92%	2.97%
Effective Tax Rate	19.81%	17.23%	19.12%	21.27%	26.25%	22.93%
Advertising Expenses	-	159,237	199,919	134,934	218,136	165,924

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