PT Sarana Menara Nusantara Tbk. (IDX: TOWR)

TOWR 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	12,470,007	11,740,345	11,035,650	8,635,346	7,445,426	6,454,302
Revenue Growth (YoY)	7.06%	6.39%	27.80%	15.98%	15.36%	9.99%
Cost of Revenue	797,569	684,486	607,770	480,354	415,240	458,328
Gross Profit	11,672,438	11,055,859	10,427,880	8,154,992	7,030,186	5,995,974
Selling, General & Admin	1,163,987	1,076,296	911,324	720,668	625,266	1,119,015
Other Operating Expenses	140,625	7,795	93,762	153,881	-9,794	156,853
Operating Expenses	4,461,154	3,927,359	3,311,766	2,734,368	2,259,486	2,117,134
Operating Income	7,211,284	7,128,500	7,116,114	5,420,624	4,770,700	3,878,840
Interest Expense	-2,892,266	-2,798,684	-2,394,167	-1,362,909	-1,174,437	-936,700
Interest & Investment Income	65,362	25,649	29,265	30,866	41,984	48,813
Currency Exchange Gain (Loss)	-120,601	-14,536	-92,842	8,880	-182,776	55,986
Other Non Operating Income (Expenses)	-38,849	-59,343	2,366	-7,365	-26,856	-21,184
EBT Excluding Unusual Items	4,224,930	4,281,586	4,660,736	4,090,096	3,428,615	3,025,755
Impairment of Goodwill	-30	-30	-	-	-	-
Gain (Loss) on Sale of Investments	39,567	976	-50,933	51,549	22,068	15,907
Gain (Loss) on Sale of Assets	-156,883	-173,608	-144,699	-	-	-
Asset Writedown	6,473	-	-	-84,504	-43,365	-23,040
Pretax Income	4,114,057	4,108,924	4,465,104	4,057,141	3,407,318	3,018,622
Income Tax Expense	806,849	805,282	968,569	609,266	553,701	665,533
Earnings From Continuing Operations	3,307,208	3,303,642	3,496,535	3,447,875	2,853,617	2,353,089
Net Income to Company	3,307,208	3,303,642	3,496,535	3,447,875	2,853,617	2,353,089
Minority Interest in Earnings	-32,448	-50,545	-54,510	-20,500	-17,617	-11,134
Net Income	3,274,760	3,253,097	3,442,025	3,427,375	2,836,000	2,341,955
Net Income to Common	3,274,760	3,253,097	3,442,025	3,427,375	2,836,000	2,341,955
Net Income Growth	-1.03%	-5.49%	0.43%	20.85%	21.10%	6.45%
Shares Outstanding (Basic)	49,799	49,799	49,799	49,824	50,148	50,391
Shares Outstanding (Diluted)	49,826	49,799	49,799	49,824	50,148	50,391
Shares Change (YoY)	0.05%	-0.00%	-0.05%	-0.65%	-0.48%	-1.14%
EPS (Basic)	65.76	65.32	69.12	68.79	56.55	46.48
EPS (Diluted)	65.76	65.00	69.00	68.79	56.55	46.48
EPS Growth	-1.03%	-5.80%	0.31%	21.64%	21.68%	7.68%
Free Cash Flow	5,157,741	4,351,529	3,391,931	4,003,706	2,022,062	-486,565
Free Cash Flow Per Share	103.52	87.38	68.11	80.36	40.32	-9.66
Dividend Per Share	18.100	24.100	24.100	24.100	28.090	23.860
Dividend Growth	-24.90%	0%	0%	-14.20%	17.73%	1.45%
Gross Margin	93.60%	94.17%	94.49%	94.44%	94.42%	92.90%
Operating Margin	57.83%	60.72%	64.48%	62.77%	64.08%	60.10%
Profit Margin	26.26%	27.71%	31.19%	39.69%	38.09%	36.29%
Free Cash Flow Margin	41.36%	37.06%	30.74%	46.36%	27.16%	-7.54%
EBITDA	8,987,013	8,699,625	8,249,123	6,293,419	5,512,775	4,570,052
EBITDA Margin	72.07%	74.10%	74.75%	72.88%	74.04%	70.81%
D&A For EBITDA	1,775,729	1,571,125	1,133,009	872,795	742,075	691,212
EBIT	7,211,284	7,128,500	7,116,114	5,420,624	4,770,700	3,878,840
EBIT Margin	57.83%	60.72%	64.48%	62.77%	64.08%	60.10%
Effective Tax Rate	19.61%	19.60%	21.69%	15.02%	16.25%	22.05%

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