PT Ultrajaya Milk Industry & Trading Company Tbk (IDX: ULTJ)

ULTJ 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	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	8,366,400	8,302,741	7,656,252	6,616,642	5,967,362	6,223,057
Revenue Growth (YoY)	3.88%	8.44%	15.71%	10.88%	-4.11%	13.71%
Cost of Revenue	5,646,719	5,608,242	5,209,372	4,273,002	3,752,723	3,901,189
Gross Profit	2,719,681	2,694,499	2,446,880	2,343,640	2,214,639	2,321,868
Selling, General & Admin	1,291,304	1,234,366	1,185,036	958,219	1,004,343	1,092,707
Other Operating Expenses	-40,561	-41,745	31,757	-238,951	-112,169	-80,191
Operating Expenses	1,250,743	1,192,621	1,216,793	719,268	892,174	1,012,516
Operating Income	1,468,938	1,501,878	1,230,087	1,624,372	1,322,465	1,309,352
Interest Expense	-33,470	-46,848	-119,389	-232,065	-27,783	-1,435
Interest & Investment Income	73,527	69,861	127,283	155,884	80,239	105,655
Earnings From Equity Investments	15,002	11,057	-20,161	-6,635	10,647	6,971
Currency Exchange Gain (Loss)	64,264	-6,878	98,951	17,777	60,744	-38,358
Other Non Operating Income (Expenses)	-1,879	-1,562	-1,589	-3,210	-5,847	-226
EBT Excluding Unusual Items	1,586,382	1,527,508	1,315,182	1,556,123	1,440,465	1,381,959
Gain (Loss) on Sale of Assets	-19,785	-20,223	-26,184	-14,191	-18,948	-6,600
Pretax Income	1,566,597	1,507,285	1,288,998	1,541,932	1,421,517	1,375,359
Income Tax Expense	331,063	321,124	323,512	265,139	311,851	339,494
Earnings From Continuing Operations	1,235,534	1,186,161	965,486	1,276,793	1,109,666	1,035,865
Minority Interest in Earnings	-16,540	-16,949	-4,700	-5,155	-9,970	-3,588
Net Income	1,218,994	1,169,212	960,786	1,271,638	1,099,696	1,032,277
Net Income to Common	1,218,994	1,169,212	960,786	1,271,638	1,099,696	1,032,277
Net Income Growth	19.02%	21.69%	-24.45%	15.64%	6.53%	47.94%
Shares Outstanding (Basic)	10,398	10,398	10,398	10,398	11,049	11,554
Shares Outstanding (Diluted)	10,398	10,398	10,398	10,398	11,049	11,554
Shares Change (YoY)	-	-	-	-5.89%	-4.37%	-0.00%
EPS (Basic)	117.23	112.44	92.40	122.29	99.53	89.35
EPS (Diluted)	117.23	112.44	92.40	122.29	99.53	89.35
EPS Growth	19.02%	21.69%	-24.45%	22.87%	11.40%	47.94%
Free Cash Flow	1,163,420	1,014,128	-114,520	1,162,362	815,228	793,242
Free Cash Flow Per Share	111.89	97.53	-11.01	111.79	73.78	68.66
Dividend Per Share	40.000	40.000	30.000	25.000	85.000	12.000
Dividend Growth	33.33%	33.33%	20.00%	-70.59%	608.33%	0%
Gross Margin	32.51%	32.45%	31.96%	35.42%	37.11%	37.31%
Operating Margin	17.56%	18.09%	16.07%	24.55%	22.16%	21.04%
Profit Margin	14.57%	14.08%	12.55%	19.22%	18.43%	16.59%
Free Cash Flow Margin	13.91%	12.21%	-1.50%	17.57%	13.66%	12.75%
EBITDA	1,610,569	1,648,957	1,385,252	1,785,629	1,474,629	1,453,698
EBITDA Margin	19.25%	19.86%	18.09%	26.99%	24.71%	23.36%
D&A For EBITDA	141,631	147,079	155,165	161,257	152,164	144,346
EBIT	1,468,938	1,501,878	1,230,087	1,624,372	1,322,465	1,309,352
EBIT Margin	17.56%	18.09%	16.07%	24.55%	22.16%	21.04%
Effective Tax Rate	21.13%	21.30%	25.10%	17.20%	21.94%	24.68%
Advertising Expenses	-	468,734	464,091	305,908	335,229	455,752

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