Hanwha Aerospace Co., Ltd. (KRX: 012450)

Hanwha Aerospace 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	10,981,116	9,359,006	7,060,393	5,541,389	5,321,444	5,264,114
Other Revenue	-0	-	-	-0	-	-0
Revenue	10,981,116	9,359,006	7,060,393	5,541,389	5,321,444	5,264,114
Revenue Growth (YoY)	48.63%	32.56%	27.41%	4.13%	1.09%	18.21%
Cost of Revenue	8,209,869	7,223,937	5,550,564	4,524,192	4,252,846	4,245,471
Gross Profit	2,771,247	2,135,069	1,509,829	1,017,197	1,068,598	1,018,643
Selling, General & Admin	1,161,467	1,029,333	814,052	540,350	561,445	572,237
Research & Development	300,517	309,457	203,762	120,996	159,590	173,476
Other Operating Expenses	18,845	15,567	11,835	8,916	8,181	10,373
Operating Expenses	1,705,804	1,444,258	1,109,032	741,349	825,260	853,424
Operating Income	1,065,443	690,811	400,797	275,848	243,337	165,220
Interest Expense	-224,643	-169,776	-85,069	-62,368	-66,285	-59,405
Interest & Investment Income	74,833	84,784	48,021	12,945	14,275	14,429
Earnings From Equity Investments	-88,266	-28,273	-21,028	-28,599	-2,455	8,183
Currency Exchange Gain (Loss)	-40,156	8,050	-48,819	-8,700	-5,647	1,739
Other Non Operating Income (Expenses)	-4,673	600,278	-2,687	65,556	119.8	30,550
EBT Excluding Unusual Items	782,537	1,185,873	291,216	254,682	183,346	160,717
Gain (Loss) on Sale of Investments	67,623	43,234	-68,734	37,174	-3,776	473.13
Gain (Loss) on Sale of Assets	-4,057	954.27	667.54	-17.4	5,408	699.48
Asset Writedown	-13,711	-15,943	-27,747	-2,474	-13,162	-5,601
Other Unusual Items	650.66	650.66	-7.18	-	-	-
Pretax Income	833,043	1,214,769	195,395	289,364	171,817	156,289
Income Tax Expense	91,357	237,851	74,732	79,569	7,077	-6,138
Earnings From Continuing Operations	741,687	976,918	120,664	209,795	164,740	162,427
Earnings From Discontinued Operations	-63,027	-	25,890	91,967	-	-
Net Income to Company	678,660	976,918	146,554	301,762	164,740	162,427
Minority Interest in Earnings	-65,448	-159,409	48,800	-49,181	-43,313	-30,222
Net Income	613,212	817,510	195,354	252,581	121,426	132,205
Net Income to Common	613,212	817,510	195,354	252,581	121,426	132,205
Net Income Growth	-12.07%	318.48%	-22.66%	108.01%	-8.15%	308.95%
Shares Outstanding (Basic)	46	46	46	46	46	47
Shares Outstanding (Diluted)	46	46	46	46	46	47
Shares Change (YoY)	0.05%	0.21%	0.08%	-0.35%	-1.71%	-0.96%
EPS (Basic)	13407.69	17886.51	4282.99	5541.92	2654.86	2841.11
EPS (Diluted)	13407.69	17886.51	4282.99	5541.92	2654.86	2841.11
EPS Growth	-12.11%	317.62%	-22.72%	108.75%	-6.56%	312.91%
Free Cash Flow	-836,922	936,855	1,327,588	823,903	245,358	561,306
Free Cash Flow Per Share	-18299.04	20497.70	29106.40	18077.37	5364.50	12062.56
Dividend Per Share	1999.379	1999.379	-	-	-	-
Gross Margin	25.24%	22.81%	21.38%	18.36%	20.08%	19.35%
Operating Margin	9.70%	7.38%	5.68%	4.98%	4.57%	3.14%
Profit Margin	5.58%	8.74%	2.77%	4.56%	2.28%	2.51%
Free Cash Flow Margin	-7.62%	10.01%	18.80%	14.87%	4.61%	10.66%
EBITDA	1,410,623	1,029,909	663,533	513,277	488,976	383,991
EBITDA Margin	12.85%	11.00%	9.40%	9.26%	9.19%	7.29%
D&A For EBITDA	345,180	339,098	262,736	237,429	245,639	218,772
EBIT	1,065,443	690,811	400,797	275,848	243,337	165,220
EBIT Margin	9.70%	7.38%	5.68%	4.98%	4.57%	3.14%
Effective Tax Rate	10.97%	19.58%	38.25%	27.50%	4.12%	-
Advertising Expenses	-	87,727	64,946	35,112	43,138	37,149

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