Nongshim Co., Ltd. (KRX: 004370)

Nongshim 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	3,440,363	3,410,559	3,129,065	2,662,983	2,639,796	2,343,943
Other Revenue	-	-	-	-0	-	-
Revenue	3,440,363	3,410,559	3,129,065	2,662,983	2,639,796	2,343,943
Revenue Growth (YoY)	1.86%	9.00%	17.50%	0.88%	12.62%	4.81%
Cost of Revenue	2,471,032	2,383,803	2,237,526	1,851,326	1,808,792	1,633,411
Gross Profit	969,331	1,026,757	891,539	811,657	831,003	710,532
Selling, General & Admin	716,873	741,749	700,008	635,188	603,449	567,573
Research & Development	6,468	6,558	6,531	5,202	4,995	5,522
Other Operating Expenses	34,303	27,212	31,719	25,566	23,505	25,413
Operating Expenses	787,730	814,692	779,366	705,517	670,706	631,716
Operating Income	181,601	212,065	112,173	106,140	160,297	78,816
Interest Expense	-4,419	-3,866	-3,068	-1,962	-3,912	-5,703
Interest & Investment Income	27,227	21,493	12,389	7,643	11,171	13,873
Earnings From Equity Investments	-464.91	-532.62	-453.01	-723.84	-1,678	-1,311
Currency Exchange Gain (Loss)	-345.42	-758.82	-2,298	3,384	5,341	1,049
Other Non Operating Income (Expenses)	12,517	3,555	45,529	18,952	15,041	18,604
EBT Excluding Unusual Items	216,115	231,955	164,272	133,433	186,260	105,329
Gain (Loss) on Sale of Investments	3,064	2,584	1,538	60.47	1,286	773.36
Gain (Loss) on Sale of Assets	237.53	366.04	-6,970	3,324	3,006	-2,611
Asset Writedown	-3,777	-3,777	-	-	-	-
Pretax Income	215,641	231,128	158,841	136,817	190,552	103,492
Income Tax Expense	60,466	59,659	42,807	37,180	41,504	32,423
Earnings From Continuing Operations	155,175	171,469	116,034	99,637	149,048	71,069
Minority Interest in Earnings	-105.95	435.34	88.53	190.64	-537.32	-73.47
Net Income	155,069	171,905	116,122	99,828	148,511	70,995
Net Income to Common	155,069	171,905	116,122	99,828	148,511	70,995
Net Income Growth	-12.10%	48.04%	16.32%	-32.78%	109.18%	-15.77%
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	0.40%	-0.00%	-	-	-	-0.00%
EPS (Basic)	26816.32	29727.78	20081.21	17263.44	25682.28	12277.38
EPS (Diluted)	26710.69	29727.78	20081.00	17263.00	25682.00	12277.00
EPS Growth	-12.44%	48.04%	16.32%	-32.78%	109.19%	-15.78%
Free Cash Flow	141,152	218,875	66,567	-33,459	50,603	7,714
Free Cash Flow Per Share	24312.92	37850.45	11511.58	-5786.10	8750.84	1333.92
Dividend Per Share	5000.000	5000.000	5000.000	4000.000	4000.000	4000.000
Dividend Growth	0%	0%	25.00%	0%	0%	0%
Gross Margin	28.18%	30.11%	28.49%	30.48%	31.48%	30.31%
Operating Margin	5.28%	6.22%	3.58%	3.99%	6.07%	3.36%
Profit Margin	4.51%	5.04%	3.71%	3.75%	5.63%	3.03%
Free Cash Flow Margin	4.10%	6.42%	2.13%	-1.26%	1.92%	0.33%
EBITDA	301,980	330,120	228,565	211,218	261,902	174,813
EBITDA Margin	8.78%	9.68%	7.30%	7.93%	9.92%	7.46%
D&A For EBITDA	120,379	118,056	116,392	105,079	101,605	95,997
EBIT	181,601	212,065	112,173	106,140	160,297	78,816
EBIT Margin	5.28%	6.22%	3.58%	3.99%	6.07%	3.36%
Effective Tax Rate	28.04%	25.81%	26.95%	27.17%	21.78%	31.33%
Advertising Expenses	-	163,064	147,373	127,343	127,564	123,271

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