Netmarble Corporation (KRX: 251270)

Netmarble 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
Operating Revenue	2,680,340	2,502,056	2,673,408	2,506,906	2,484,765	2,178,678
Revenue	2,680,340	2,502,056	2,673,408	2,506,906	2,484,765	2,178,678
Revenue Growth (YoY)	6.22%	-6.41%	6.64%	0.89%	14.05%	7.79%
Cost of Revenue	906.06	969.7	566.48	925.48	237.49	325.44
Gross Profit	2,679,434	2,501,086	2,672,842	2,505,981	2,484,527	2,178,352
Selling, General & Admin	2,313,662	2,374,697	2,542,287	2,197,251	2,093,428	1,849,104
Research & Development	-849.04	30.33	67.09	82.35	163.36	156.62
Other Operating Expenses	7,920	9,100	5,980	6,840	7,342	8,032
Operating Expenses	2,491,837	2,599,145	2,795,753	2,374,712	2,212,546	1,975,730
Operating Income	187,597	-98,059	-122,911	131,269	271,981	202,622
Interest Expense	-116,973	-146,706	-112,780	-36,223	-23,128	-8,774
Interest & Investment Income	23,129	29,442	24,209	24,460	26,205	56,029
Earnings From Equity Investments	545,571	423,130	79,022	209,122	195,752	12,889
Currency Exchange Gain (Loss)	-12,168	-34,139	-122,579	31,792	12,548	13,257
Other Non Operating Income (Expenses)	-53,728	-45,177	66,468	4,604	-9,597	-31,917
EBT Excluding Unusual Items	573,428	128,492	-188,572	365,024	473,762	244,106
Gain (Loss) on Sale of Investments	-6,401	-1,617	-5,956	6,142	6,148	1,117
Gain (Loss) on Sale of Assets	29,786	30,899	-38,347	-2,259	-279.3	-512.67
Asset Writedown	-343,700	-316,377	-708,599	-19,425	-4,991	-26,311
Other Unusual Items	-	-	-	1,695	-	-
Pretax Income	253,113	-158,604	-941,474	351,178	474,640	218,401
Income Tax Expense	265,664	145,282	-55,116	101,999	136,593	48,631
Earnings From Continuing Operations	-12,552	-303,885	-886,358	249,178	338,047	169,769
Minority Interest in Earnings	32,191	48,214	67,175	-8,934	-25,096	-13,786
Net Income	19,639	-255,671	-819,182	240,244	312,951	155,983
Net Income to Common	19,639	-255,671	-819,182	240,244	312,951	155,983
Net Income Growth	-	-	-	-23.23%	100.63%	-17.74%
Shares Outstanding (Basic)	82	82	82	82	82	83
Shares Outstanding (Diluted)	166	82	82	82	82	83
Shares Change (YoY)	102.97%	-	-0.00%	0.07%	-1.52%	-2.59%
EPS (Basic)	239.69	-3120.43	-9998.01	2932.66	3826.59	1882.63
EPS (Diluted)	239.69	-3120.43	-9998.01	2932.00	3822.00	1876.03
EPS Growth	-	-	-	-23.29%	103.73%	-15.40%
Free Cash Flow	74,573	-136,305	-448,957	7,793	158,510	290,651
Free Cash Flow Per Share	448.42	-1663.58	-5479.46	95.11	1936.01	3496.16
Gross Margin	99.97%	99.96%	99.98%	99.96%	99.99%	99.98%
Operating Margin	7.00%	-3.92%	-4.60%	5.24%	10.95%	9.30%
Profit Margin	0.73%	-10.22%	-30.64%	9.58%	12.59%	7.16%
Free Cash Flow Margin	2.78%	-5.45%	-16.79%	0.31%	6.38%	13.34%
EBITDA	346,500	87,362	109,472	281,822	383,703	320,785
EBITDA Margin	12.93%	3.49%	4.09%	11.24%	15.44%	14.72%
D&A For EBITDA	158,904	185,422	232,384	150,553	111,721	118,163
EBIT	187,597	-98,059	-122,911	131,269	271,981	202,622
EBIT Margin	7.00%	-3.92%	-4.60%	5.24%	10.95%	9.30%
Effective Tax Rate	104.96%	-	-	29.04%	28.78%	22.27%
Advertising Expenses	-	486,876	524,342	400,035	392,458	292,482

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