Mobile TeleSystems Public Joint Stock Company (MOEX: MTSS)

MTSS 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	656,578	605,991	541,749	527,921	489,831	470,605
Revenue Growth (YoY)	16.50%	11.86%	2.62%	7.78%	4.09%	5.46%
Cost of Revenue	244,154	215,621	192,933	199,887	180,889	172,929
Gross Profit	412,424	390,370	348,816	328,034	308,942	297,676
Selling, General & Admin	143,792	131,523	106,909	94,973	85,958	87,447
Other Operating Expenses	34,976	30,882	-1,255	-929	2,861	6,967
Operating Expenses	288,492	273,796	246,413	218,007	200,874	190,609
Operating Income	123,932	116,574	102,403	110,027	108,068	107,067
Interest Expense	-76,149	-60,106	-58,056	-40,986	-40,255	-43,573
Interest & Investment Income	3,394	2,484	1,690	1,520	2,299	3,409
Earnings From Equity Investments	7,785	6,272	4,805	5,746	5,321	8,079
Currency Exchange Gain (Loss)	-	-	3,404	-560	-10,347	5,266
Other Non Operating Income (Expenses)	5,449	172	-6,289	893	15,517	-12,459
EBT Excluding Unusual Items	64,411	65,396	47,957	76,640	80,603	67,789
Impairment of Goodwill	-	-	-	-	-1,281	-
Gain (Loss) on Sale of Investments	-	-	-	-	-1,392	-616
Gain (Loss) on Sale of Assets	-	-	-	-	-	1,745
Asset Writedown	-	-	-489	10	-742	148
Other Unusual Items	16	-	2,533	2,187	144	-828
Pretax Income	64,427	65,396	50,001	78,837	77,332	68,238
Income Tax Expense	13,044	12,767	13,648	15,360	16,055	15,667
Earnings From Continuing Operations	51,383	52,629	36,353	63,477	61,277	52,571
Earnings From Discontinued Operations	21,730	2,900	-2,918	792	796	2,528
Net Income to Company	73,113	55,529	33,435	64,269	62,073	55,099
Minority Interest in Earnings	-1,411	-977	-861	-796	-661	-858
Net Income	71,702	54,552	32,574	63,473	61,412	54,241
Net Income to Common	71,702	54,552	32,574	63,473	61,412	54,241
Net Income Growth	51.69%	67.47%	-48.68%	3.36%	13.22%	692.07%
Shares Outstanding (Basic)	1,688	1,689	1,680	1,693	1,760	1,781
Shares Outstanding (Diluted)	1,708	1,708	1,705	1,702	1,762	1,784
Shares Change (YoY)	0.55%	0.18%	0.21%	-3.41%	-1.22%	-4.91%
EPS (Basic)	42.48	32.31	19.39	37.49	34.88	30.46
EPS (Diluted)	41.99	31.93	19.10	37.30	34.86	30.41
EPS Growth	50.86%	67.17%	-48.79%	6.98%	14.65%	732.26%
Free Cash Flow	67,777	87,568	119,968	69,765	89,251	38,187
Free Cash Flow Per Share	39.69	51.25	70.35	41.00	50.66	21.41
Dividend Per Share	35.000	35.000	34.290	44.400	56.010	29.250
Dividend Growth	2.07%	2.07%	-22.77%	-20.73%	91.49%	29.54%
Gross Margin	62.81%	64.42%	64.39%	62.14%	63.07%	63.25%
Operating Margin	18.88%	19.24%	18.90%	20.84%	22.06%	22.75%
Profit Margin	10.92%	9.00%	6.01%	12.02%	12.54%	11.53%
Free Cash Flow Margin	10.32%	14.45%	22.14%	13.22%	18.22%	8.11%
EBITDA	233,895	230,933	162,256	168,129	154,359	162,769
EBITDA Margin	35.62%	38.11%	29.95%	31.85%	31.51%	34.59%
D&A For EBITDA	109,963	114,359	59,853	58,102	46,291	55,702
EBIT	123,932	116,574	102,403	110,027	108,068	107,067
EBIT Margin	18.88%	19.24%	18.90%	20.84%	22.06%	22.75%
Effective Tax Rate	20.25%	19.52%	27.30%	19.48%	20.76%	22.96%
Revenue as Reported	656,578	605,991	541,749	527,921	489,831	470,605

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