Daewoong Co., Ltd. (KRX: 003090)

Daewoong 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	1,881,333	1,815,104	1,697,346	1,510,642	1,354,670	1,365,764
Other Revenue	-1,262	-1,262	-7.59	731.95	667.52	-84.6
Revenue	1,880,071	1,813,841	1,697,338	1,511,374	1,355,337	1,365,679
Revenue Growth (YoY)	3.77%	6.86%	12.30%	11.51%	-0.76%	10.91%
Cost of Revenue	883,935	883,909	798,842	749,398	730,041	733,406
Gross Profit	996,135	929,933	898,496	761,976	625,296	632,273
Selling, General & Admin	563,479	538,321	507,000	430,001	392,036	387,292
Research & Development	176,459	176,599	169,887	134,260	118,851	123,955
Other Operating Expenses	6,254	5,692	5,542	4,735	4,555	4,232
Operating Expenses	764,477	735,790	691,162	579,521	527,241	525,927
Operating Income	231,659	194,143	207,334	182,454	98,055	106,347
Interest Expense	-8,415	-13,994	-8,351	-10,292	-10,506	-10,099
Interest & Investment Income	8,544	9,505	11,629	4,732	4,933	5,041
Earnings From Equity Investments	24,983	24,983	-	10.86	-1,213	-3,799
Currency Exchange Gain (Loss)	-1,308	-1,468	66.26	5,586	-9,095	2,135
Other Non Operating Income (Expenses)	-81,857	-15,222	-44,793	-74,446	5,504	-10,387
EBT Excluding Unusual Items	173,606	197,947	165,886	108,045	87,679	89,238
Gain (Loss) on Sale of Investments	2,028	9,050	-4,641	8,560	4,364	-
Gain (Loss) on Sale of Assets	-2,103	-2,103	-1,094	-1,284	60,677	174.69
Asset Writedown	-2,372	-2,372	-5,219	-2,109	-8,103	-9,322
Pretax Income	171,159	202,522	154,932	113,212	144,617	80,090
Income Tax Expense	23,281	11,083	34,664	13,427	26,238	9,694
Earnings From Continuing Operations	147,877	191,439	120,268	99,784	118,380	70,396
Minority Interest in Earnings	-24,518	-38,774	-17,702	-21,054	-20,001	-8,903
Net Income	123,360	152,665	102,566	78,730	98,379	61,493
Net Income to Common	123,360	152,665	102,566	78,730	98,379	61,493
Net Income Growth	0.25%	48.85%	30.27%	-19.97%	59.98%	105.92%
Shares Outstanding (Basic)	41	41	42	42	42	43
Shares Outstanding (Diluted)	41	41	42	42	42	43
Shares Change (YoY)	-2.05%	-0.54%	0.06%	-1.03%	-2.78%	-
EPS (Basic)	3024.94	3691.68	2466.88	1894.69	2343.12	1423.96
EPS (Diluted)	3024.94	3691.68	2466.88	1894.69	2343.12	1423.96
EPS Growth	2.35%	49.65%	30.20%	-19.14%	64.55%	105.92%
Free Cash Flow	-136,553	24,211	81,068	64,627	113,413	84,647
Free Cash Flow Per Share	-3348.45	585.47	1949.82	1555.28	2701.19	1960.13
Dividend Per Share	100.000	100.000	-	-	-	-
Gross Margin	52.98%	51.27%	52.94%	50.42%	46.14%	46.30%
Operating Margin	12.32%	10.70%	12.22%	12.07%	7.23%	7.79%
Profit Margin	6.56%	8.42%	6.04%	5.21%	7.26%	4.50%
Free Cash Flow Margin	-7.26%	1.33%	4.78%	4.28%	8.37%	6.20%
EBITDA	289,048	248,364	255,614	233,012	148,904	156,228
EBITDA Margin	15.37%	13.69%	15.06%	15.42%	10.99%	11.44%
D&A For EBITDA	57,389	54,221	48,279	50,558	50,849	49,881
EBIT	231,659	194,143	207,334	182,454	98,055	106,347
EBIT Margin	12.32%	10.70%	12.22%	12.07%	7.23%	7.79%
Effective Tax Rate	13.60%	5.47%	22.37%	11.86%	18.14%	12.10%
Advertising Expenses	-	89,517	88,537	65,363	57,059	78,030

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