SK Networks Company Limited (KRX: 001740)

SK Networks Company 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
Revenue	9,266,409	9,133,867	9,426,160	11,018,140	10,625,906	13,054,240
Revenue Growth (YoY)	10.12%	-3.10%	-14.45%	3.69%	-18.60%	3.23%
Cost of Revenue	8,031,921	7,910,669	8,288,857	9,889,543	9,552,915	11,948,676
Gross Profit	1,234,488	1,223,198	1,137,303	1,128,597	1,072,991	1,105,564
Selling, General & Admin	816,283	806,649	784,042	843,674	798,022	772,929
Other Operating Expenses	19,046	20,050	18,345	25,012	24,732	20,598
Operating Expenses	989,919	985,915	959,751	1,006,619	949,042	996,192
Operating Income	244,569	237,283	177,552	121,978	123,949	109,372
Interest Expense	-187,706	-178,961	-122,855	-105,835	-114,424	-104,391
Interest & Investment Income	12,472	8,149	29,947	15,579	10,033	9,313
Earnings From Equity Investments	-11,071	-8,821	-4,305	58	110,902	795
Currency Exchange Gain (Loss)	-10,091	-7,395	-44,200	-57,404	18,938	-15,179
Other Non Operating Income (Expenses)	13,023	10,086	42,946	62,777	-22,163	21,898
EBT Excluding Unusual Items	61,196	60,341	79,085	37,153	127,235	21,808
Gain (Loss) on Sale of Investments	16,322	11,463	4,668	2,207	-411	4,772
Gain (Loss) on Sale of Assets	22,631	4,862	31,947	76,395	-3,034	-22,231
Asset Writedown	-6,235	-5,922	-10,590	-8,622	-16,461	-2,809
Pretax Income	93,914	70,744	105,110	107,133	107,329	1,540
Income Tax Expense	15,191	9,353	8,515	45,695	85,475	30,465
Earnings From Continuing Operations	78,723	61,391	96,595	61,438	21,854	-28,925
Earnings From Discontinued Operations	-59,947	-55,932	-5,830	42,102	20,199	-93,688
Net Income to Company	18,776	5,459	90,765	103,540	42,053	-122,613
Minority Interest in Earnings	-1,431	-6,170	-4,325	-4,868	-7,558	-8,925
Net Income	17,345	-711	86,440	98,672	34,495	-131,538
Preferred Dividends & Other Adjustments	30	20	-	-	-	-
Net Income to Common	17,315	-731	86,440	98,672	34,495	-131,538
Net Income Growth	-62.96%	-	-12.40%	186.05%	-	-
Shares Outstanding (Basic)	201	207	219	219	225	240
Shares Outstanding (Diluted)	201	207	219	219	225	240
Shares Change (YoY)	-7.24%	-5.28%	0.02%	-2.96%	-6.24%	-0.52%
EPS (Basic)	86.08	-3.53	395.00	451.00	153.00	-547.00
EPS (Diluted)	86.03	-3.53	395.00	451.00	153.00	-547.00
EPS Growth	-60.14%	-	-12.42%	194.77%	-	-
Free Cash Flow	437,238	25,209	-455,382	232,690	-360,904	247,956
Free Cash Flow Per Share	2172.45	121.62	-2080.93	1063.56	-1600.76	1031.12
Dividend Per Share	300.000	200.000	120.000	120.000	120.000	120.000
Dividend Growth	150.00%	66.67%	0%	0%	0%	0%
Gross Margin	13.32%	13.39%	12.07%	10.24%	10.10%	8.47%
Operating Margin	2.64%	2.60%	1.88%	1.11%	1.17%	0.84%
Profit Margin	0.19%	-0.01%	0.92%	0.90%	0.32%	-1.01%
Free Cash Flow Margin	4.72%	0.28%	-4.83%	2.11%	-3.40%	1.90%
EBITDA	1,019,076	1,054,970	1,030,320	973,148	945,470	947,083
EBITDA Margin	11.00%	11.55%	10.93%	8.83%	8.90%	7.25%
D&A For EBITDA	774,507	817,687	852,768	851,170	821,521	837,711
EBIT	244,569	237,283	177,552	121,978	123,949	109,372
EBIT Margin	2.64%	2.60%	1.88%	1.11%	1.17%	0.84%
Effective Tax Rate	16.18%	13.22%	8.10%	42.65%	79.64%	1978.25%
Advertising Expenses	-	54,485	66,718	81,758	69,254	50,606

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