COWAY Co., Ltd. (KRX: 021240)

COWAY 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,096,151	3,966,520	3,856,133	3,664,260	3,237,411	3,018,913
Other Revenue	-0	-0	-0	-	-	-
Revenue	4,096,151	3,966,520	3,856,133	3,664,260	3,237,411	3,018,913
Revenue Growth (YoY)	4.91%	2.86%	5.24%	13.18%	7.24%	11.51%
Cost of Revenue	1,438,445	1,403,642	1,375,783	1,279,731	1,048,218	1,014,456
Gross Profit	2,657,707	2,562,878	2,480,350	2,384,528	2,189,194	2,004,457
Selling, General & Admin	1,556,789	1,507,694	1,511,944	1,440,519	1,223,673	1,259,077
Research & Development	9,198	9,107	9,603	12,209	6,303	7,229
Other Operating Expenses	5,259	5,669	5,158	5,508	4,187	3,411
Operating Expenses	1,891,272	1,831,623	1,802,971	1,744,309	1,582,755	1,546,181
Operating Income	766,435	731,255	677,379	640,219	606,439	458,275
Interest Expense	-58,014	-54,273	-33,055	-17,876	-21,204	-21,980
Interest & Investment Income	7,086	5,783	3,490	1,015	1,192	1,337
Currency Exchange Gain (Loss)	10,346	-5,027	7,331	28,366	-20,971	13,112
Other Non Operating Income (Expenses)	6,483	11,539	36,007	13,894	-5,827	-6,910
EBT Excluding Unusual Items	732,336	689,277	691,152	665,618	559,629	443,835
Gain (Loss) on Sale of Investments	2,337	-5,786	-5,594	-4,700	16.18	14.5
Gain (Loss) on Sale of Assets	-	-	-	-	-	15,718
Asset Writedown	-15,354	-22,927	-2,250	-2,366	-19,266	-8,149
Pretax Income	719,319	660,563	683,308	658,552	540,379	451,419
Income Tax Expense	198,835	189,552	225,512	193,066	135,668	119,211
Earnings From Continuing Operations	520,485	471,011	457,796	465,486	404,711	332,208
Minority Interest in Earnings	180.43	290.03	379.37	171.79	180.77	734.49
Net Income	520,665	471,301	458,175	465,658	404,892	332,942
Net Income to Common	520,665	471,301	458,175	465,658	404,892	332,942
Net Income Growth	23.07%	2.86%	-1.61%	15.01%	21.61%	-4.94%
Shares Outstanding (Basic)	72	73	73	73	73	72
Shares Outstanding (Diluted)	72	73	73	73	73	72
Shares Change (YoY)	-0.14%	0.00%	0.01%	0.05%	0.27%	-0.03%
EPS (Basic)	7185.13	6494.99	6314.26	6417.94	5584.39	4611.09
EPS (Diluted)	7185.13	6494.99	6314.00	6417.94	5583.00	4603.00
EPS Growth	23.24%	2.87%	-1.62%	14.96%	21.29%	-4.92%
Free Cash Flow	186,062	193,101	-105,220	55,717	237,634	148,636
Free Cash Flow Per Share	2567.63	2661.12	-1450.07	767.89	3276.71	2055.06
Dividend Per Share	1350.000	1350.000	1300.000	1250.000	1200.000	3600.000
Dividend Growth	3.85%	3.85%	4.00%	4.17%	-66.67%	0%
Gross Margin	64.88%	64.61%	64.32%	65.08%	67.62%	66.40%
Operating Margin	18.71%	18.44%	17.57%	17.47%	18.73%	15.18%
Profit Margin	12.71%	11.88%	11.88%	12.71%	12.51%	11.03%
Free Cash Flow Margin	4.54%	4.87%	-2.73%	1.52%	7.34%	4.92%
EBITDA	1,191,754	1,169,491	1,160,256	1,162,757	1,149,732	973,380
EBITDA Margin	29.09%	29.48%	30.09%	31.73%	35.51%	32.24%
D&A For EBITDA	425,319	438,236	482,878	522,538	543,293	515,104
EBIT	766,435	731,255	677,379	640,219	606,439	458,275
EBIT Margin	18.71%	18.44%	17.57%	17.47%	18.73%	15.18%
Effective Tax Rate	27.64%	28.70%	33.00%	29.32%	25.11%	26.41%
Advertising Expenses	-	174,782	185,503	186,530	124,421	125,959

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