Tencent Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 29, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 30, 2022	Dec '21 Dec 30, 2021	Dec '20 Dec 30, 2020	Dec '19 Dec 30, 2019	2018 - 2014
Operating Revenue	635,599	603,620	547,358	552,433	474,569	369,723	Upgrade
Other Revenue	7,408	5,395	7,194	7,685	7,495	7,566	Upgrade
Revenue	643,007	609,015	554,552	560,118	482,064	377,289	Upgrade
Revenue Growth (YoY)	7.39%	9.82%	-0.99%	16.19%	27.77%	20.66%	Upgrade
Cost of Revenue	306,847	315,903	315,665	314,187	260,440	209,705	Upgrade
Gross Profit	336,160	293,112	238,887	245,931	221,624	167,584	Upgrade
Selling, General & Admin	145,621	137,736	135,925	130,441	101,383	74,842	Upgrade
Other Operating Expenses	-10,342	-7,571	-7,918	-8,360	-5,141	-4,678	Upgrade
Operating Expenses	135,279	130,165	128,007	122,081	96,242	70,164	Upgrade
Operating Income	200,881	162,947	110,880	123,850	125,382	97,420	Upgrade
Interest Expense	-12,122	-11,885	-9,985	-7,918	-7,449	-7,690	Upgrade
Interest & Investment Income	16,159	13,808	8,592	7,310	8,722	7,328	Upgrade
Earnings From Equity Investments	18,386	5,800	-16,129	-16,444	3,672	-1,681	Upgrade
Currency Exchange Gain (Loss)	-383	-383	633	804	-438	77	Upgrade
EBT Excluding Unusual Items	222,887	170,287	93,991	107,602	129,889	95,454	Upgrade
Impairment of Goodwill	-167	-	-	-8,702	-4,205	-20	Upgrade
Gain (Loss) on Sale of Investments	-4,116	-6,090	116,287	149,160	55,005	14,180	Upgrade
Gain (Loss) on Sale of Assets	126	126	108	-	-	-	Upgrade
Asset Writedown	-3	-3	-141	2	-667	-214	Upgrade
Other Unusual Items	-2,982	-2,996	-20	-	-	-	Upgrade
Pretax Income	215,745	161,324	210,225	248,062	180,022	109,400	Upgrade
Income Tax Expense	42,895	43,276	21,516	20,252	19,897	13,512	Upgrade
Earnings From Continuing Operations	172,850	118,048	188,709	227,810	160,125	95,888	Upgrade
Minority Interest in Earnings	-3,076	-2,832	-466	-2,988	-278	-2,578	Upgrade
Net Income	169,774	115,216	188,243	224,822	159,847	93,310	Upgrade
Net Income to Common	169,774	115,216	188,243	224,822	159,847	93,310	Upgrade
Net Income Growth	-12.69%	-38.79%	-16.27%	40.65%	71.31%	18.54%	Upgrade
Shares Outstanding (Basic)	9,328	9,455	9,528	9,528	9,490	9,468	Upgrade
Shares Outstanding (Diluted)	9,465	9,610	9,695	9,696	9,650	9,603	Upgrade
Shares Change (YoY)	-1.79%	-0.88%	-0.01%	0.48%	0.49%	0.37%	Upgrade
EPS (Basic)	18.20	12.19	19.76	23.60	16.84	9.86	Upgrade
EPS (Diluted)	17.80	11.89	19.34	23.16	16.52	9.64	Upgrade
EPS Growth	-11.29%	-38.54%	-16.51%	40.20%	71.34%	17.20%	Upgrade
Free Cash Flow	213,608	200,954	123,412	145,884	160,049	125,824	Upgrade
Free Cash Flow Per Share	22.57	20.91	12.73	15.05	16.59	13.10	Upgrade
Dividend Per Share	3.086	3.086	2.123	1.303	1.347	1.073	Upgrade
Dividend Growth	45.37%	45.37%	62.87%	-3.25%	25.59%	22.15%	Upgrade
Gross Margin	52.28%	48.13%	43.08%	43.91%	45.97%	44.42%	Upgrade
Operating Margin	31.24%	26.76%	19.99%	22.11%	26.01%	25.82%	Upgrade
Profit Margin	26.40%	18.92%	33.95%	40.14%	33.16%	24.73%	Upgrade
Free Cash Flow Margin	33.22%	33.00%	22.25%	26.05%	33.20%	33.35%	Upgrade
EBITDA	222,524	183,937	134,297	146,995	144,667	110,605	Upgrade
EBITDA Margin	34.61%	30.20%	24.22%	26.24%	30.01%	29.32%	Upgrade
D&A For EBITDA	21,643	20,990	23,417	23,145	19,285	13,185	Upgrade
EBIT	200,881	162,947	110,880	123,850	125,382	97,420	Upgrade
EBIT Margin	31.24%	26.76%	19.99%	22.11%	26.01%	25.82%	Upgrade
Effective Tax Rate	19.88%	26.83%	10.23%	8.16%	11.05%	12.35%	Upgrade
Revenue as Reported	643,007	609,015	554,552	560,118	482,064	377,289	Upgrade
Advertising Expenses	-	22,836	18,764	31,335	26,596	-	Upgrade

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