NCSOFT Corporation (KRX: 036570)

NCSOFT 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	1,627,596	1,779,833	2,571,792	2,308,817	2,416,184	1,701,185
Other Revenue	-	-	-	0	-	-
Revenue	1,627,596	1,779,833	2,571,792	2,308,817	2,416,184	1,701,185
Revenue Growth (YoY)	-21.42%	-30.79%	11.39%	-4.44%	42.03%	-0.81%
Cost of Revenue	10,655	11,650	20,621	13,808	13,231	8,489
Gross Profit	1,616,941	1,768,183	2,551,171	2,295,009	2,402,953	1,692,696
Selling, General & Admin	1,427,557	1,500,178	1,878,835	1,399,344	1,132,097	849,475
Research & Development	-	-	-	428,815	381,521	309,667
Other Operating Expenses	20,986	18,314	9,653	7,176	5,955	7,041
Operating Expenses	1,562,128	1,631,000	1,992,165	1,923,377	1,580,679	1,217,004
Operating Income	54,813	137,184	559,006	371,632	822,274	475,692
Interest Expense	-15,250	-14,642	-9,474	-13,172	-8,979	-8,419
Interest & Investment Income	88,553	87,240	51,796	48,536	34,849	37,250
Earnings From Equity Investments	10,488	3,013	-8,135	-	-	-
Currency Exchange Gain (Loss)	26,103	-9,149	92,247	11,345	-14,219	21,835
Other Non Operating Income (Expenses)	9,434	15,028	-1,892	-1,691	-15,062	-13,925
EBT Excluding Unusual Items	174,140	218,674	683,548	416,650	818,863	512,434
Gain (Loss) on Sale of Investments	12,040	8,476	-74,130	84,695	-14,104	-9,937
Gain (Loss) on Sale of Assets	24,196	349.86	-367.59	-4,878	-1,502	-109.82
Asset Writedown	-21,272	-21,272	-	-5,140	-	-6,234
Pretax Income	189,105	206,228	609,051	491,328	803,257	496,154
Income Tax Expense	-8,318	-7,686	173,061	95,593	216,644	136,999
Earnings From Continuing Operations	197,423	213,914	435,990	395,735	586,613	359,155
Minority Interest in Earnings	-688.18	-1,775	-275.74	1,158	790.16	-980.67
Net Income	196,735	212,139	435,715	396,893	587,403	358,174
Net Income to Common	196,735	212,139	435,715	396,893	587,403	358,174
Net Income Growth	-32.57%	-51.31%	9.78%	-32.43%	64.00%	-14.35%
Shares Outstanding (Basic)	20	20	20	21	21	21
Shares Outstanding (Diluted)	20	20	20	21	21	21
Shares Change (YoY)	-0.11%	-	-1.16%	-0.30%	-	-2.40%
EPS (Basic)	9698.09	10446.37	21455.91	19317.65	28504.40	17386.86
EPS (Diluted)	9698.09	10446.37	21455.91	19317.65	28504.00	17381.00
EPS Growth	-32.50%	-51.31%	11.07%	-32.23%	64.00%	-12.24%
Free Cash Flow	83,172	22,365	485,791	104,526	643,210	341,221
Free Cash Flow Per Share	4100.01	1101.32	23921.85	5087.51	31212.50	16558.14
Dividend Per Share	3130.000	3130.000	6680.000	5860.000	8550.000	5220.000
Dividend Growth	-53.14%	-53.14%	13.99%	-31.46%	63.79%	-13.72%
Gross Margin	99.35%	99.35%	99.20%	99.40%	99.45%	99.50%
Operating Margin	3.37%	7.71%	21.74%	16.10%	34.03%	27.96%
Profit Margin	12.09%	11.92%	16.94%	17.19%	24.31%	21.05%
Free Cash Flow Margin	5.11%	1.26%	18.89%	4.53%	26.62%	20.06%
EBITDA	166,478	249,067	664,936	465,346	888,078	528,168
EBITDA Margin	10.23%	13.99%	25.85%	20.16%	36.76%	31.05%
D&A For EBITDA	111,665	111,883	105,929	93,714	65,804	52,475
EBIT	54,813	137,184	559,006	371,632	822,274	475,692
EBIT Margin	3.37%	7.71%	21.74%	16.10%	34.03%	27.96%
Effective Tax Rate	-	-	28.41%	19.46%	26.97%	27.61%
Advertising Expenses	-	85,433	190,887	271,453	126,351	106,731

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