Kiwoom Securities Co., Ltd. (KRX: 039490)

Kiwoom Securities 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
Interest and Dividend Income	1,872,001	1,873,031	1,307,053	882,850	749,977	590,252
Total Interest Expense	1,093,651	1,030,087	525,103	226,931	222,450	218,878
Net Interest Income	778,349	842,944	781,950	655,919	527,527	371,374
Brokerage Commission	865,494	854,133	865,767	1,105,676	809,686	387,755
Asset Management Fee	20,069	20,689	18,165	19,547	16,812	13,236
Underwriting & Investment Banking Fee	31,607	21,223	21,906	41,757	37,305	33,752
Gain on Sale of Investments (Rev)	1,405,606	1,551,302	604,107	1,010,928	1,153,387	560,272
Other Revenue	4,488,866	4,139,043	4,821,863	2,226,728	1,426,176	836,332
Revenue Before Loan Losses	7,589,991	7,429,333	7,113,757	5,060,555	3,970,894	2,202,721
Provision for Loan Losses	483,224	526,948	5,973	273.75	7,387	3,805
Revenue	7,106,767	6,902,386	7,107,784	5,060,281	3,963,507	2,198,916
Revenue Growth (YoY)	1.52%	-2.89%	40.46%	27.67%	80.25%	22.92%
Salaries & Employee Benefits	218,055	195,938	222,871	226,128	181,900	150,575
Cost of Services Provided	589,118	578,575	555,787	612,390	449,626	302,076
Other Operating Expenses	3,989,033	3,615,037	4,016,330	2,144,226	1,234,188	667,942
Total Operating Expenses	4,842,482	4,428,092	4,830,365	3,013,010	1,889,508	1,143,282
Operating Income	2,264,285	2,474,293	2,277,419	2,047,271	2,073,999	1,055,634
Currency Exchange Gains	13,786	686.26	146,010	112,406	-17,148	8,368
Other Non-Operating Income (Expenses)	-451,065	-756,938	-157,066	-267,539	-294,722	-284,272
EBT Excluding Unusual Items	1,848,518	1,735,182	2,283,500	1,920,243	1,768,481	800,550
Gain (Loss) on Sale of Investments	-1,180,468	-1,151,388	-1,603,552	-685,803	-784,582	-308,219
Pretax Income	669,313	585,057	680,169	1,234,318	983,934	492,232
Income Tax Expense	169,891	144,320	171,998	324,146	277,777	130,197
Earnings From Continuing Ops.	499,422	440,737	508,170	910,173	706,157	362,035
Minority Interest in Earnings	-1,886	-4,456	-844.21	-6,458	-2,785	745.04
Net Income	497,536	436,281	507,326	903,715	703,371	362,780
Preferred Dividends & Other Adjustments	127,788	50,692	-	-	-	-
Net Income to Common	369,749	385,590	507,326	903,715	703,371	362,780
Net Income Growth	-34.72%	-14.00%	-43.86%	28.48%	93.88%	87.75%
Shares Outstanding (Basic)	26	27	28	27	25	25
Shares Outstanding (Diluted)	28	29	31	30	28	27
Shares Change (YoY)	-12.58%	-6.56%	2.18%	10.01%	3.98%	6.53%
EPS (Basic)	14016.38	14341.23	18164.29	33429.68	28243.44	14421.86
EPS (Diluted)	14016.38	14341.23	16478.00	28546.00	27314.00	12192.64
EPS Growth	-38.21%	-12.97%	-42.28%	4.51%	124.02%	90.18%
Free Cash Flow	-5,599,655	-2,157,158	-2,021,312	-3,544,000	-1,436,719	-3,020,151
Free Cash Flow Per Share	-196564.26	-74390.00	-65132.87	-116686.86	-52040.21	-113746.53
Dividend Per Share	3000.000	3000.000	3000.000	-	3000.000	2000.000
Dividend Growth	0%	0%	-	-	50.00%	33.33%
Operating Margin	31.86%	35.85%	32.04%	40.46%	52.33%	48.01%
Profit Margin	5.20%	5.59%	7.14%	17.86%	17.75%	16.50%
Free Cash Flow Margin	-78.79%	-31.25%	-28.44%	-70.04%	-36.25%	-137.35%
Effective Tax Rate	25.38%	24.67%	25.29%	26.26%	28.23%	26.45%

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