Moscow City Telephone Network (MOEX: MGTS)

MGTS Income Statement

Financials in millions RUB. 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
Revenue	43,907	43,602	42,642	41,125	41,161	39,730
Revenue Growth (YoY)	0.96%	2.25%	3.69%	-0.09%	3.60%	0.31%
Cost of Revenue	12,085	12,485	12,577	12,043	10,078	9,604
Gross Profit	31,822	31,117	30,065	29,082	31,083	30,126
Selling, General & Admin	9,654	9,795	9,530	9,692	9,455	8,550
Other Operating Expenses	-750	-1,665	-1,947	-441	3,104	1,185
Operating Expenses	17,469	16,343	16,821	18,215	21,825	19,185
Operating Income	14,353	14,774	13,244	10,867	9,258	10,941
Interest Expense	-1,275	-1,210	-1,200	-1,245	-1,210	-1,368
Interest & Investment Income	12,407	8,326	6,247	3,244	2,401	3,197
Other Non Operating Income (Expenses)	638	-20	118	299	208	56
EBT Excluding Unusual Items	26,123	21,870	18,409	13,165	10,657	12,826
Impairment of Goodwill	-	-	-	-228	-	-
Gain (Loss) on Sale of Investments	-	-	-	193	-	-132
Gain (Loss) on Sale of Assets	891	891	1,856	4,186	5,639	6,712
Legal Settlements	-	-	-	597	-583	-
Pretax Income	27,014	22,761	20,265	17,913	15,713	19,406
Income Tax Expense	5,210	4,199	3,800	2,758	2,759	3,889
Earnings From Continuing Operations	21,804	18,562	16,465	15,155	12,954	15,517
Minority Interest in Earnings	-13	-16	-29	-31	-33	-2
Net Income	21,791	18,546	16,436	15,124	12,921	15,515
Preferred Dividends & Other Adjustments	3,022	3,022	2,678	2,464	2,105	2,528
Net Income to Common	18,769	15,524	13,758	12,660	10,816	12,987
Net Income Growth	22.58%	12.84%	8.67%	17.05%	-16.72%	30.51%
Shares Outstanding (Basic)	80	80	80	80	80	80
Shares Outstanding (Diluted)	80	80	80	80	80	80
EPS (Basic)	235.47	194.76	172.60	158.83	135.69	162.93
EPS (Diluted)	235.47	194.76	172.60	158.83	135.69	162.93
EPS Growth	24.31%	12.84%	8.67%	17.05%	-16.72%	30.51%
Free Cash Flow	10,091	10,879	14,448	7,958	12,957	10,043
Free Cash Flow Per Share	126.60	136.48	181.26	99.84	162.55	126.00
Gross Margin	72.48%	71.37%	70.51%	70.72%	75.52%	75.83%
Operating Margin	32.69%	33.88%	31.06%	26.42%	22.49%	27.54%
Profit Margin	42.75%	35.60%	32.26%	30.78%	26.28%	32.69%
Free Cash Flow Margin	22.98%	24.95%	33.88%	19.35%	31.48%	25.28%
EBITDA	20,279	20,324	20,007	17,202	15,945	18,208
EBITDA Margin	46.19%	46.61%	46.92%	41.83%	38.74%	45.83%
D&A For EBITDA	5,926	5,550	6,763	6,335	6,687	7,267
EBIT	14,353	14,774	13,244	10,867	9,258	10,941
EBIT Margin	32.69%	33.88%	31.06%	26.42%	22.49%	27.54%
Effective Tax Rate	19.29%	18.45%	18.75%	15.40%	17.56%	20.04%

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