Korean Airlines Co.,Ltd. (KRX: 003490)

Korean Airlines Co.,Ltd. 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	17,762,357	16,111,796	14,096,095	9,016,825	7,610,531	12,384,264
Other Revenue	-0	-0	-	-0	-	-
Revenue	17,762,357	16,111,796	14,096,095	9,016,825	7,610,531	12,384,264
Revenue Growth (YoY)	13.88%	14.30%	56.33%	18.48%	-38.55%	-4.82%
Cost of Revenue	14,209,898	12,850,302	10,245,440	6,912,047	6,850,104	10,935,889
Gross Profit	3,552,459	3,261,494	3,850,654	2,104,778	760,427	1,448,375
Selling, General & Admin	1,501,635	1,335,826	881,451	575,392	534,016	1,146,368
Other Operating Expenses	38,161	36,055	48,321	36,288	33,697	42,586
Operating Expenses	1,642,971	1,472,348	1,021,516	694,740	653,484	1,272,265
Operating Income	1,909,488	1,789,147	2,829,139	1,410,037	106,942	176,110
Interest Expense	-533,587	-531,415	-400,950	-390,934	-513,863	-617,268
Interest & Investment Income	299,867	307,083	162,349	75,730	46,914	60,446
Earnings From Equity Investments	-	-	-757.91	-28.89	-856.91	214.59
Currency Exchange Gain (Loss)	-6,830	-38,196	-261,851	-384,643	284,824	-375,001
Other Non Operating Income (Expenses)	-82,167	87,950	184,580	238,371	-199,380	91,482
EBT Excluding Unusual Items	1,586,772	1,614,569	2,512,509	948,533	-275,419	-664,017
Gain (Loss) on Sale of Investments	2,469	3,141	33,062	137,000	241.73	0.75
Gain (Loss) on Sale of Assets	35,589	-31,629	158,522	33,035	-20,981	-148,086
Asset Writedown	-10,390	-10,390	-141,958	-275,453	-639,538	-2,704
Pretax Income	1,614,439	1,575,690	2,562,135	843,114	-935,697	-814,806
Income Tax Expense	433,596	446,585	832,632	264,332	-112,240	-125,707
Earnings From Continuing Operations	1,180,843	1,129,106	1,729,503	578,782	-823,457	-689,099
Earnings From Discontinued Operations	-	-	-	-	593,438	66,338
Net Income to Company	1,180,843	1,129,106	1,729,503	578,782	-230,019	-622,762
Minority Interest in Earnings	-95,138	-67,940	-1,140	-1,098	18,473	-6,323
Net Income	1,085,706	1,061,165	1,728,363	577,684	-211,545	-629,085
Preferred Dividends & Other Adjustments	7,016	5,861	3,953	16,736	57,644	54,164
Net Income to Common	1,078,690	1,055,304	1,724,410	560,947	-269,189	-683,248
Net Income Growth	-19.51%	-38.60%	199.19%	-	-	-
Shares Outstanding (Basic)	369	369	360	322	161	103
Shares Outstanding (Diluted)	369	369	360	342	161	103
Shares Change (YoY)	-0.01%	2.53%	5.48%	112.46%	56.57%	6.99%
EPS (Basic)	2920.66	2857.34	4787.09	1743.37	-1674.67	-6655.22
EPS (Diluted)	2920.66	2857.34	4787.09	1662.06	-1674.67	-6655.22
EPS Growth	-19.91%	-40.31%	188.02%	-	-	-
Free Cash Flow	1,207,307	2,183,944	4,810,659	3,171,231	765,674	1,105,039
Free Cash Flow Per Share	3268.90	5913.24	13354.73	9285.81	4763.37	10763.70
Dividend Per Share	750.000	750.000	-	-	-	-
Gross Margin	20.00%	20.24%	27.32%	23.34%	9.99%	11.70%
Operating Margin	10.75%	11.10%	20.07%	15.64%	1.41%	1.42%
Profit Margin	6.07%	6.55%	12.23%	6.22%	-3.54%	-5.52%
Free Cash Flow Margin	6.80%	13.55%	34.13%	35.17%	10.06%	8.92%
EBITDA	3,645,160	3,512,043	4,478,875	3,105,402	2,076,062	2,258,741
EBITDA Margin	20.52%	21.80%	31.77%	34.44%	27.28%	18.24%
D&A For EBITDA	1,735,672	1,722,896	1,649,736	1,695,365	1,969,119	2,082,631
EBIT	1,909,488	1,789,147	2,829,139	1,410,037	106,942	176,110
EBIT Margin	10.75%	11.10%	20.07%	15.64%	1.41%	1.42%
Effective Tax Rate	26.86%	28.34%	32.50%	31.35%	-	-
Advertising Expenses	-	30,947	36,413	17,288	15,443	81,917

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