Moscow City Telephone Network (MOEX: MGTS)

MGTS Income Statement

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

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Jun 30, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Revenue	43,488	42,642	41,125	41,161	39,730	39,607
Revenue Growth (YoY)	5.44%	3.69%	-0.09%	3.60%	0.31%	-0.33%
Cost of Revenue	12,139	12,577	12,043	10,078	9,604	10,050
Gross Profit	31,349	30,065	29,082	31,083	30,126	29,557
Selling, General & Admin	9,538	9,530	9,692	9,455	8,550	8,183
Other Operating Expenses	-2,037	-1,947	-441	3,104	1,185	-452
Operating Expenses	15,657	16,593	18,215	21,825	19,185	18,513
Operating Income	15,692	13,472	10,867	9,258	10,941	11,044
Interest Expense	-1,159	-1,200	-1,245	-1,210	-1,368	-1,089
Interest & Investment Income	5,840	6,247	3,244	2,401	3,197	2,920
Other Non Operating Income (Expenses)	-227	118	299	208	56	15
EBT Excluding Unusual Items	20,146	18,637	13,165	10,657	12,826	12,890
Impairment of Goodwill	-	-	-228	-	-	-
Gain (Loss) on Sale of Investments	-228	-228	193	-	-132	-
Gain (Loss) on Sale of Assets	1,724	1,856	4,186	5,639	6,712	2,114
Legal Settlements	-	-	597	-583	-	-
Pretax Income	21,642	20,265	17,913	15,713	19,406	15,004
Income Tax Expense	3,842	3,800	2,758	2,759	3,889	3,124
Earnings From Continuing Operations	17,800	16,465	15,155	12,954	15,517	11,880
Minority Interest in Earnings	-23	-29	-31	-33	-2	8
Net Income	17,777	16,436	15,124	12,921	15,515	11,888
Preferred Dividends & Other Adjustments	2,678	2,678	2,464	2,105	2,528	1,937
Net Income to Common	15,099	13,758	12,660	10,816	12,987	9,951
Net Income Growth	20.79%	8.67%	17.05%	-16.72%	30.51%	9.41%
Shares Outstanding (Basic)	80	80	80	80	80	80
Shares Outstanding (Diluted)	80	80	80	80	80	80
EPS (Basic)	189.43	172.60	158.83	135.69	162.93	124.84
EPS (Diluted)	189.43	172.60	158.83	135.69	162.93	124.84
EPS Growth	23.23%	8.67%	17.05%	-16.72%	30.51%	9.40%
Free Cash Flow	13,993	14,448	7,958	12,957	10,043	13,955
Free Cash Flow Per Share	175.55	181.26	99.84	162.55	126.00	175.07
Dividend Per Share	-	-	-	-	-	232.000
Dividend Growth	-	-	-	-	-	0.43%
Gross Margin	72.09%	70.51%	70.72%	75.52%	75.83%	74.63%
Operating Margin	36.08%	31.59%	26.42%	22.49%	27.54%	27.88%
Profit Margin	34.72%	32.26%	30.78%	26.28%	32.69%	25.12%
Free Cash Flow Margin	32.18%	33.88%	19.35%	31.48%	25.28%	35.23%
EBITDA	21,502	20,235	17,202	15,945	18,208	19,795
EBITDA Margin	49.44%	47.45%	41.83%	38.74%	45.83%	49.98%
D&A For EBITDA	5,810	6,763	6,335	6,687	7,267	8,751
EBIT	15,692	13,472	10,867	9,258	10,941	11,044
EBIT Margin	36.08%	31.59%	26.42%	22.49%	27.54%	27.88%
Effective Tax Rate	17.75%	18.75%	15.40%	17.56%	20.04%	20.82%

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