SM Entertainment Co., Ltd. (KOSDAQ: 041510)

SM Entertainment Income Statement

Financials in millions KRW. 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
Other Revenue	-0	-	-	-	-	-
Revenue	967,230	961,070	850,769	701,563	579,876	657,826
Revenue Growth (YoY)	-0.16%	12.96%	21.27%	20.99%	-11.85%	7.45%
Cost of Revenue	665,535	620,041	555,739	437,189	381,093	442,207
Gross Profit	301,695	341,029	295,030	264,374	198,783	215,618
Selling, General & Admin	208,754	198,926	174,130	162,431	153,524	142,369
Other Operating Expenses	2,111	3,169	3,757	4,209	7,046	2,351
Operating Expenses	239,501	227,619	204,088	197,602	194,303	177,689
Operating Income	62,194	113,410	90,941	66,772	4,480	37,930
Interest Expense	-6,139	-5,689	-4,355	-4,090	-4,327	-3,882
Interest & Investment Income	12,788	14,223	8,893	3,043	2,787	3,943
Earnings From Equity Investments	-3,398	45,699	11,375	26,336	-12,826	-11,220
Currency Exchange Gain (Loss)	-96	1,040	-190.96	5,862	-5,306	2,899
Other Non Operating Income (Expenses)	-1,171	5,584	361.65	-2,143	-3,397	3,118
EBT Excluding Unusual Items	64,177	174,268	107,026	95,781	-18,590	32,788
Gain (Loss) on Sale of Investments	1,941	4,311	2,016	2,345	-90.92	-4,362
Gain (Loss) on Sale of Assets	3,676	1,452	12,259	87,904	-79.09	-433.08
Asset Writedown	-64,578	-61,119	-4,389	-12,893	-21,810	-17,032
Pretax Income	5,216	118,913	116,912	173,136	-40,570	10,961
Income Tax Expense	33,480	36,229	34,884	39,911	39,772	27,144
Earnings From Continuing Operations	-28,264	82,683	82,029	133,225	-80,341	-16,183
Net Income to Company	-28,264	82,683	82,029	133,225	-80,341	-16,183
Minority Interest in Earnings	11,140	4,614	-2,039	314.35	10,185	7,081
Net Income	-17,124	87,297	79,989	133,540	-70,156	-9,101
Net Income to Common	-17,124	87,297	79,989	133,540	-70,156	-9,101
Net Income Growth	-	9.14%	-40.10%	-	-	-
Shares Outstanding (Basic)	23	23	24	23	23	23
Shares Outstanding (Diluted)	23	23	24	23	23	23
Shares Change (YoY)	-1.51%	-0.58%	1.43%	-0.39%	0.35%	2.95%
EPS (Basic)	-738.84	3718.82	3390.31	5749.70	-3001.95	-390.79
EPS (Diluted)	-739.78	3718.00	3388.00	5736.00	-3002.00	-391.00
EPS Growth	-	9.74%	-40.93%	-	-	-
Free Cash Flow	56,222	93,846	90,883	100,400	37,284	78,497
Free Cash Flow Per Share	2425.81	3997.41	3848.87	4312.85	1595.35	3370.42
Dividend Per Share	1200.000	1200.000	-	-	-	-
Gross Margin	31.19%	35.48%	34.68%	37.68%	34.28%	32.78%
Operating Margin	6.43%	11.80%	10.69%	9.52%	0.77%	5.77%
Profit Margin	-1.77%	9.08%	9.40%	19.03%	-12.10%	-1.38%
Free Cash Flow Margin	5.81%	9.76%	10.68%	14.31%	6.43%	11.93%
EBITDA	125,752	171,424	151,783	130,763	76,211	101,673
EBITDA Margin	13.00%	17.84%	17.84%	18.64%	13.14%	15.46%
D&A For EBITDA	63,558	58,013	60,842	63,991	71,731	63,743
EBIT	62,194	113,410	90,941	66,772	4,480	37,930
EBIT Margin	6.43%	11.80%	10.69%	9.52%	0.77%	5.77%
Effective Tax Rate	641.83%	30.47%	29.84%	23.05%	-	247.64%
Advertising Expenses	-	28,563	16,742	18,281	11,937	13,611

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