NAVER Corporation (KRX: 035420)

NAVER 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
Revenue	10,118,838	9,670,644	8,220,079	6,817,600	5,304,146	4,356,240
Revenue Growth (YoY)	12.21%	17.65%	20.57%	28.53%	21.76%	-22.03%
Gross Profit	10,118,838	9,670,644	8,220,079	6,817,600	5,304,146	4,356,240
Selling, General & Admin	7,805,878	7,566,513	6,329,446	5,043,686	3,748,298	2,932,301
Other Operating Expenses	32,971	32,971	25,060	14,991	16,065	14,163
Operating Expenses	8,421,188	8,181,823	6,915,414	5,492,122	4,088,803	3,202,507
Operating Income	1,697,650	1,488,820	1,304,664	1,325,478	1,215,342	1,153,733
Interest Expense	-127,078	-127,078	-71,692	-45,166	-21,666	-16,538
Interest & Investment Income	162,227	136,803	107,048	88,741	39,768	28,609
Earnings From Equity Investments	152,588	244,308	10,102	531,623	136,628	43,857
Currency Exchange Gain (Loss)	-42,724	-42,724	-79,093	-26,113	-12,154	-6,946
Other Non Operating Income (Expenses)	470,049	22,748	-254,497	-239,308	-104,477	-53,311
EBT Excluding Unusual Items	2,312,712	1,722,877	1,016,532	1,635,255	1,253,441	1,149,403
Gain (Loss) on Sale of Investments	-210,367	-210,367	-122,287	488,466	377,534	240,417
Gain (Loss) on Sale of Assets	3,108	3,108	203,243	2,678	2,584	1,436
Asset Writedown	-34,222	-34,222	-13,771	-	-	-
Pretax Income	2,071,231	1,481,396	1,083,717	2,126,400	1,633,559	1,391,256
Income Tax Expense	528,724	496,379	410,537	648,669	492,535	470,550
Earnings From Continuing Operations	1,542,507	985,018	673,180	1,477,731	1,141,024	920,706
Earnings From Discontinued Operations	-	-	-	14,999,895	-296,027	-523,885
Net Income to Company	1,542,507	985,018	673,180	16,477,626	844,997	396,821
Minority Interest in Earnings	-3,950	27,304	87,081	12,224	157,090	186,231
Net Income	1,538,557	1,012,322	760,261	16,489,850	1,002,087	583,052
Preferred Dividends & Other Adjustments	20,706	20,706	10,361	10.35	-	-
Net Income to Common	1,517,851	991,616	749,900	16,489,839	1,002,087	583,052
Net Income Growth	111.20%	33.15%	-95.39%	1545.55%	71.87%	-10.14%
Shares Outstanding (Basic)	150	150	150	149	146	146
Shares Outstanding (Diluted)	150	151	150	150	147	146
Shares Change (YoY)	-1.77%	0.29%	0.28%	2.37%	0.69%	-0.48%
EPS (Basic)	10121.10	6591.97	5007.21	110923.66	6876.56	4006.32
EPS (Diluted)	10121.10	6576.30	4985.00	109883.57	5792.76	4006.00
EPS Growth	115.19%	31.92%	-95.46%	1796.91%	44.60%	-9.71%
Free Cash Flow	1,917,103	1,361,610	752,657	625,963	687,809	920,935
Free Cash Flow Per Share	12783.33	9026.04	5003.76	4172.97	4693.96	6328.02
Dividend Per Share	790.000	790.000	914.000	511.000	402.000	376.000
Dividend Growth	-13.57%	-13.57%	78.86%	27.11%	6.91%	19.75%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	16.78%	15.40%	15.87%	19.44%	22.91%	26.48%
Profit Margin	15.00%	10.25%	9.12%	241.87%	18.89%	13.38%
Free Cash Flow Margin	18.95%	14.08%	9.16%	9.18%	12.97%	21.14%
EBITDA	2,290,705	2,071,160	1,865,573	1,758,923	1,710,621	1,651,744
EBITDA Margin	22.64%	21.42%	22.70%	25.80%	32.25%	37.92%
D&A For EBITDA	593,055	582,339	560,909	433,445	495,278	498,012
EBIT	1,697,650	1,488,820	1,304,664	1,325,478	1,215,342	1,153,733
EBIT Margin	16.78%	15.40%	15.87%	19.44%	22.91%	26.48%
Effective Tax Rate	25.53%	33.51%	37.88%	30.51%	30.15%	33.82%
Advertising Expenses	-	1,479,802	1,300,591	1,071,730	762,604	487,506

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