Koç Holding A.S. (IST: KCHOL)

Koç Holding A.S. Income Statement

Financials in millions TRY. 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	1,670,946	1,604,647	1,715,942	346,689	183,777	153,516
Revenue Growth (YoY)	-37.26%	-6.49%	394.95%	88.65%	19.71%	7.17%
Cost of Revenue	1,452,997	1,228,000	1,310,999	266,624	139,446	131,931
Gross Profit	217,949	376,647	404,943	80,065	44,331	21,585
Selling, General & Admin	174,792	154,797	134,459	32,529	22,547	13,309
Research & Development	4,923	3,245	2,830	631	454.42	344.7
Other Operating Expenses	1,054	9,656	3,861	7,207	7,381	-115.9
Operating Expenses	180,769	167,698	141,150	40,367	30,382	13,538
Operating Income	37,180	208,949	263,793	39,698	13,948	8,047
Interest Expense	-29,922	-26,166	-24,724	-6,621	-4,851	-5,644
Interest & Investment Income	33,902	20,113	8,949	2,266	4,726	2,267
Earnings From Equity Investments	18,346	30,720	16,157	5,880	2,967	2,903
Currency Exchange Gain (Loss)	-2,934	-38,213	-54,176	-10,136	-791.44	-1,644
Other Non Operating Income (Expenses)	-46,615	-42,578	-26,171	-1,567	-1,588	-387.38
EBT Excluding Unusual Items	9,957	152,825	183,828	29,520	14,410	5,542
Gain (Loss) on Sale of Investments	-538	-130	-262	-54	-189.57	128.3
Legal Settlements	-	-	-	-337	-380.79	-122.63
Pretax Income	9,419	152,695	183,566	29,129	13,840	5,547
Income Tax Expense	-22,638	34,962	53,990	2,944	1,207	-374.06
Earnings From Continuing Operations	32,057	117,733	129,576	26,185	12,633	5,921
Minority Interest in Earnings	-14,599	-45,503	-56,914	-10,992	-3,361	-1,530
Net Income	17,458	72,230	72,662	15,193	9,273	4,391
Net Income to Common	17,458	72,230	72,662	15,193	9,273	4,391
Net Income Growth	-79.09%	-0.59%	378.26%	63.85%	111.16%	-20.69%
Shares Outstanding (Basic)	2,535	2,535	2,535	2,536	2,536	2,536
Shares Outstanding (Diluted)	2,535	2,535	2,535	2,536	2,536	2,536
Shares Change (YoY)	0.00%	-	-0.02%	-0.01%	-	-
EPS (Basic)	6.89	28.49	28.66	5.99	3.66	1.73
EPS (Diluted)	6.89	28.49	28.66	5.99	3.66	1.73
EPS Growth	-79.09%	-0.59%	378.38%	63.87%	111.16%	-20.69%
Free Cash Flow	-64,876	270,741	103,267	38,136	12,183	13,253
Free Cash Flow Per Share	-25.59	106.80	40.74	15.04	4.80	5.23
Dividend Per Share	8.000	8.000	1.733	0.902	0.585	0.209
Dividend Growth	361.63%	361.63%	92.13%	54.19%	179.24%	-47.36%
Gross Margin	13.04%	23.47%	23.60%	23.09%	24.12%	14.06%
Operating Margin	2.23%	13.02%	15.37%	11.45%	7.59%	5.24%
Profit Margin	1.04%	4.50%	4.23%	4.38%	5.05%	2.86%
Free Cash Flow Margin	-3.88%	16.87%	6.02%	11.00%	6.63%	8.63%
EBITDA	71,839	234,049	284,081	43,727	17,283	10,430
EBITDA Margin	4.30%	14.59%	16.56%	12.61%	9.40%	6.79%
D&A For EBITDA	34,659	25,100	20,288	4,029	3,335	2,383
EBIT	37,180	208,949	263,793	39,698	13,948	8,047
EBIT Margin	2.23%	13.02%	15.37%	11.45%	7.59%	5.24%
Effective Tax Rate	-	22.90%	29.41%	10.11%	8.72%	-
Revenue as Reported	1,670,946	1,604,647	1,715,942	346,689	183,777	153,516
Advertising Expenses	-	10,486	9,628	2,319	1,398	1,287

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