Kakao Corp. (KRX: 035720)

Kakao 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
Revenue	7,913,153	7,557,002	6,798,742	5,910,513	4,071,392	3,070,111
Revenue Growth (YoY)	12.65%	11.15%	15.03%	45.17%	32.61%	27.02%
Cost of Revenue	525,922	493,281	483,433	328,216	286,046	253,129
Gross Profit	7,387,231	7,063,721	6,315,308	5,582,297	3,785,347	2,816,982
Selling, General & Admin	5,983,467	5,821,157	5,143,827	4,612,444	3,060,891	2,387,509
Other Operating Expenses	33,177	30,783	21,732	15,169	8,647	6,667
Operating Expenses	6,862,525	6,623,807	5,746,790	4,996,501	3,337,224	2,616,802
Operating Income	524,706	439,914	568,518	585,795	448,123	200,180
Interest Expense	-162,778	-162,778	-109,871	-39,390	-18,945	-12,808
Interest & Investment Income	232,318	219,743	178,943	75,467	37,830	32,987
Earnings From Equity Investments	-72,897	-135,317	1,603,340	2,171,879	293,270	1,228
Currency Exchange Gain (Loss)	-4,071	-4,071	-26,304	392.24	6,558	13,239
Other Non Operating Income (Expenses)	-65,191	-57,600	-274,838	-257,834	-36,622	-35,910
EBT Excluding Unusual Items	452,086	299,891	1,939,788	2,536,310	730,215	198,916
Gain (Loss) on Sale of Investments	-42,016	-42,016	41,610	35,085	123,327	-3,262
Gain (Loss) on Sale of Assets	-20,869	-20,869	24,980	12,609	11,393	6,911
Asset Writedown	-1,885,246	-1,885,246	-736,580	-295,342	-456,000	-441,417
Other Unusual Items	-	-	-864.34	-2,000	-	-
Pretax Income	-1,496,045	-1,648,240	1,268,935	2,286,661	408,935	-238,852
Income Tax Expense	187,249	168,429	201,906	646,177	239,957	107,007
Earnings From Continuing Operations	-1,683,294	-1,816,669	1,067,029	1,640,484	168,979	-345,859
Minority Interest in Earnings	852,545	804,118	290,990	-253,170	-17,378	41,044
Net Income	-830,749	-1,012,551	1,358,019	1,387,314	151,601	-304,815
Net Income to Common	-830,749	-1,012,551	1,358,019	1,387,314	151,601	-304,815
Net Income Growth	-	-	-2.11%	815.11%	-	-
Shares Outstanding (Basic)	438	437	436	432	423	399
Shares Outstanding (Diluted)	438	437	443	443	433	399
Shares Change (YoY)	0.32%	-1.18%	-0.09%	2.38%	8.57%	-1.44%
EPS (Basic)	-1894.54	-2314.82	3117.84	3210.29	358.12	-764.75
EPS (Diluted)	-1895.19	-2315.00	3066.23	3145.60	358.12	-764.75
EPS Growth	-	-	-2.52%	778.37%	-	-
Free Cash Flow	976,151	765,948	225,461	1,090,353	787,950	646,304
Free Cash Flow Per Share	2226.13	1751.06	509.36	2461.02	1820.78	1621.52
Dividend Per Share	61.000	61.000	60.000	53.000	30.000	25.400
Dividend Growth	1.67%	1.67%	13.21%	76.67%	18.11%	0%
Gross Margin	93.35%	93.47%	92.89%	94.45%	92.97%	91.75%
Operating Margin	6.63%	5.82%	8.36%	9.91%	11.01%	6.52%
Profit Margin	-10.50%	-13.40%	19.97%	23.47%	3.72%	-9.93%
Free Cash Flow Margin	12.34%	10.14%	3.32%	18.45%	19.35%	21.05%
EBITDA	1,359,375	1,200,569	1,149,949	958,926	714,582	418,984
EBITDA Margin	17.18%	15.89%	16.91%	16.22%	17.55%	13.65%
D&A For EBITDA	834,670	760,655	581,431	373,131	266,459	218,804
EBIT	524,706	439,914	568,518	585,795	448,123	200,180
EBIT Margin	6.63%	5.82%	8.36%	9.91%	11.01%	6.52%
Effective Tax Rate	-	-	15.91%	28.26%	58.68%	-
Advertising Expenses	-	399,885	410,098	382,276	211,406	146,176

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