SAMICK MUSICAL INSTRUMENT Co., Ltd (KRX: 002450)

SAMICK MUSICAL INSTRUMENT 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	231,234	247,929	325,700	295,428	247,858	265,392
Other Revenue	0	-	-0	-0	-0	-0
Revenue	231,234	247,929	325,700	295,428	247,858	265,392
Revenue Growth (YoY)	-14.78%	-23.88%	10.25%	19.19%	-6.61%	10.56%
Cost of Revenue	174,444	191,490	260,374	214,547	181,300	186,641
Gross Profit	56,789	56,439	65,325	80,881	66,558	78,751
Selling, General & Admin	46,394	46,578	49,023	42,943	41,129	47,107
Operating Expenses	50,259	49,824	54,178	47,786	46,392	51,166
Operating Income	6,530	6,615	11,147	33,095	20,166	27,585
Interest Expense	-6,553	-6,858	-6,429	-7,307	-11,076	-11,809
Interest & Investment Income	2,664	2,069	1,258	646.06	416.95	344.91
Earnings From Equity Investments	799.21	799.21	-111.49	-	56.26	554.89
Currency Exchange Gain (Loss)	-729.81	693.67	-10.33	1,214	-634.24	955.59
Other Non Operating Income (Expenses)	1,587	1,142	2,668	-9,871	856.3	-2,391
EBT Excluding Unusual Items	4,297	4,461	8,523	17,777	9,785	15,240
Gain (Loss) on Sale of Investments	1,431	2,962	-	48,053	3,140	2,221
Gain (Loss) on Sale of Assets	811.79	7.25	19,097	142.74	1,955	2,899
Asset Writedown	-573.51	-237.05	-4,093	-25,297	-687.02	-7,092
Pretax Income	5,966	7,193	23,526	40,676	14,194	13,268
Income Tax Expense	3,155	3,804	8,459	16,912	4,232	178.95
Earnings From Continuing Operations	2,811	3,389	15,068	23,764	9,961	13,089
Net Income to Company	2,811	3,389	15,068	23,764	9,961	13,089
Minority Interest in Earnings	42.99	32.93	34.28	820.12	74.52	560.06
Net Income	2,854	3,422	15,102	24,584	10,036	13,649
Net Income to Common	2,854	3,422	15,102	24,584	10,036	13,649
Net Income Growth	-	-77.34%	-38.57%	144.96%	-26.47%	-1.25%
Shares Outstanding (Basic)	79	81	81	84	84	84
Shares Outstanding (Diluted)	79	81	81	84	84	84
Shares Change (YoY)	-3.06%	-0.16%	-2.82%	-0.01%	-	-2.12%
EPS (Basic)	36.33	42.23	186.08	294.35	120.15	163.40
EPS (Diluted)	35.41	42.00	186.00	294.00	120.00	163.00
EPS Growth	-	-77.42%	-36.73%	145.00%	-26.38%	0.74%
Free Cash Flow	40,098	16,904	12,052	11,131	30,326	-6,933
Free Cash Flow Per Share	510.49	208.61	148.49	133.27	363.05	-83.00
Dividend Per Share	50.000	50.000	-	-	-	-
Gross Margin	24.56%	22.76%	20.06%	27.38%	26.85%	29.67%
Operating Margin	2.82%	2.67%	3.42%	11.20%	8.14%	10.39%
Profit Margin	1.23%	1.38%	4.64%	8.32%	4.05%	5.14%
Free Cash Flow Margin	17.34%	6.82%	3.70%	3.77%	12.24%	-2.61%
EBITDA	22,599	19,784	24,624	46,245	33,549	39,890
EBITDA Margin	9.77%	7.98%	7.56%	15.65%	13.54%	15.03%
D&A For EBITDA	16,069	13,168	13,476	13,150	13,383	12,305
EBIT	6,530	6,615	11,147	33,095	20,166	27,585
EBIT Margin	2.82%	2.67%	3.42%	11.20%	8.14%	10.39%
Effective Tax Rate	52.89%	52.89%	35.95%	41.58%	29.82%	1.35%
Advertising Expenses	-	2,566	1,524	1,731	1,231	1,320

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