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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Other Revenue	0	-	-	-	-	-
Revenue	991,315	961,070	850,769	701,563	579,876	657,826
Revenue Growth (YoY)	5.39%	12.96%	21.27%	20.99%	-11.85%	7.45%
Cost of Revenue	656,775	620,041	555,739	437,189	381,093	442,207
Gross Profit	334,540	341,029	295,030	264,374	198,783	215,618
Selling, General & Admin	204,783	198,926	174,130	162,431	153,524	142,369
Other Operating Expenses	2,516	3,169	3,757	4,209	7,046	2,351
Operating Expenses	235,215	227,619	204,088	197,602	194,303	177,689
Operating Income	99,326	113,410	90,941	66,772	4,480	37,930
Interest Expense	-5,919	-5,689	-4,355	-4,090	-4,327	-3,882
Interest & Investment Income	13,127	14,223	8,893	3,043	2,787	3,943
Earnings From Equity Investments	44,485	45,699	11,375	26,336	-12,826	-11,220
Currency Exchange Gain (Loss)	4,071	1,040	-190.96	5,862	-5,306	2,899
Other Non Operating Income (Expenses)	-1,618	5,584	361.65	-2,143	-3,397	3,118
EBT Excluding Unusual Items	153,472	174,268	107,026	95,781	-18,590	32,788
Gain (Loss) on Sale of Investments	142.83	4,311	2,016	2,345	-90.92	-4,362
Gain (Loss) on Sale of Assets	1,072	1,452	12,259	87,904	-79.09	-433.08
Asset Writedown	-64,875	-61,119	-4,389	-12,893	-21,810	-17,032
Pretax Income	89,812	118,913	116,912	173,136	-40,570	10,961
Income Tax Expense	37,579	36,229	34,884	39,911	39,772	27,144
Earnings From Continuing Operations	52,234	82,683	82,029	133,225	-80,341	-16,183
Net Income to Company	52,234	82,683	82,029	133,225	-80,341	-16,183
Minority Interest in Earnings	7,627	4,614	-2,039	314.35	10,185	7,081
Net Income	59,861	87,297	79,989	133,540	-70,156	-9,101
Net Income to Common	59,861	87,297	79,989	133,540	-70,156	-9,101
Net Income Growth	-19.69%	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)	-1.13%	-0.58%	1.43%	-0.39%	0.35%	2.95%
EPS (Basic)	2567.25	3718.82	3390.31	5749.70	-3001.95	-390.79
EPS (Diluted)	2566.23	3718.00	3388.00	5736.00	-3002.00	-391.00
EPS Growth	-18.82%	9.74%	-40.93%	-	-	-
Free Cash Flow	91,965	93,846	90,883	100,400	37,284	78,497
Free Cash Flow Per Share	3944.11	3997.41	3848.87	4312.85	1595.35	3370.42
Dividend Per Share	1200.000	1200.000	-	-	-	-
Gross Margin	33.75%	35.48%	34.68%	37.68%	34.28%	32.78%
Operating Margin	10.02%	11.80%	10.69%	9.52%	0.77%	5.77%
Profit Margin	6.04%	9.08%	9.40%	19.03%	-12.10%	-1.38%
Free Cash Flow Margin	9.28%	9.76%	10.68%	14.31%	6.43%	11.93%
EBITDA	160,660	171,424	151,783	130,763	76,211	101,673
EBITDA Margin	16.21%	17.84%	17.84%	18.64%	13.14%	15.46%
D&A For EBITDA	61,334	58,013	60,842	63,991	71,731	63,743
EBIT	99,326	113,410	90,941	66,772	4,480	37,930
EBIT Margin	10.02%	11.80%	10.69%	9.52%	0.77%	5.77%
Effective Tax Rate	41.84%	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.