TS Corporation (KRX: 001790)

TS Corporation 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
Operating Revenue	1,362,141	1,332,350	1,378,076	1,261,349	1,214,452	1,204,395
Revenue	1,362,141	1,332,350	1,378,076	1,261,349	1,214,452	1,204,395
Revenue Growth (YoY)	1.48%	-3.32%	9.25%	3.86%	0.84%	-0.33%
Cost of Revenue	1,218,543	1,193,106	1,246,439	1,125,462	1,065,845	1,073,615
Gross Profit	143,598	139,244	131,637	135,887	148,607	130,780
Selling, General & Admin	88,534	83,860	87,279	88,273	96,622	98,201
Other Operating Expenses	3,567	3,026	3,360	3,301	3,083	2,323
Operating Expenses	97,498	92,027	93,585	93,835	102,591	101,299
Operating Income	46,100	47,217	38,051	42,052	46,016	29,481
Interest Expense	-17,626	-17,078	-12,936	-8,867	-11,638	-13,695
Interest & Investment Income	8,310	8,635	5,931	4,202	2,941	3,426
Earnings From Equity Investments	-	19.25	-999	-1,196	-731.22	-4,647
Currency Exchange Gain (Loss)	-987.16	-5,375	-15,335	-11,774	9,152	-6,035
Other Non Operating Income (Expenses)	-5,546	-5,027	7,563	-2,062	-1,853	989.48
EBT Excluding Unusual Items	30,250	28,391	22,275	22,355	43,887	9,519
Gain (Loss) on Sale of Investments	13,965	14,795	3,430	6,862	-7,330	5,370
Gain (Loss) on Sale of Assets	-5,335	-1,025	8,678	208.41	-1,276	3,949
Asset Writedown	-	-	-	-2,192	-	-1,095
Pretax Income	38,881	42,161	34,383	27,234	35,281	17,743
Income Tax Expense	14,510	9,657	8,871	7,043	12,606	6,205
Earnings From Continuing Operations	24,371	32,505	25,513	20,191	22,675	11,538
Earnings From Discontinued Operations	-	-	-	-	-	2,892
Net Income to Company	24,371	32,505	25,513	20,191	22,675	14,431
Minority Interest in Earnings	-50.27	68.86	30.91	-18.38	-63.25	309.01
Net Income	24,321	32,573	25,543	20,173	22,611	14,740
Preferred Dividends & Other Adjustments	753.69	777.93	810.35	745.52	599.66	544.55
Net Income to Common	23,567	31,796	24,733	19,427	22,012	14,195
Net Income Growth	-27.41%	27.52%	26.62%	-10.79%	53.41%	51.49%
Shares Outstanding (Basic)	90	90	90	88	84	83
Shares Outstanding (Diluted)	90	90	90	88	85	84
Shares Change (YoY)	-0.10%	-	1.67%	4.14%	0.90%	0.10%
EPS (Basic)	263.01	354.48	275.74	220.21	260.74	171.73
EPS (Diluted)	262.96	354.00	275.74	220.00	260.00	170.15
EPS Growth	-27.75%	28.38%	25.34%	-15.38%	52.80%	52.52%
Free Cash Flow	20,504	30,318	3,323	-22,412	51,831	-167.68
Free Cash Flow Per Share	228.82	338.01	37.05	-254.05	611.85	-2.00
Dividend Per Share	115.000	115.000	120.000	110.000	90.000	67.500
Dividend Growth	-4.17%	-4.17%	9.09%	22.22%	33.33%	22.73%
Gross Margin	10.54%	10.45%	9.55%	10.77%	12.24%	10.86%
Operating Margin	3.38%	3.54%	2.76%	3.33%	3.79%	2.45%
Profit Margin	1.73%	2.39%	1.79%	1.54%	1.81%	1.18%
Free Cash Flow Margin	1.51%	2.28%	0.24%	-1.78%	4.27%	-0.01%
EBITDA	59,547	60,095	51,416	56,419	61,662	46,341
EBITDA Margin	4.37%	4.51%	3.73%	4.47%	5.08%	3.85%
D&A For EBITDA	13,447	12,878	13,365	14,368	15,645	16,860
EBIT	46,100	47,217	38,051	42,052	46,016	29,481
EBIT Margin	3.38%	3.54%	2.76%	3.33%	3.79%	2.45%
Effective Tax Rate	37.32%	22.90%	25.80%	25.86%	35.73%	34.97%
Advertising Expenses	-	2,065	1,520	1,499	2,723	3,222

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