Rostelecom (MOEX: RTKM)

Rostelecom 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	736,332	707,801	627,055	580,092	546,889	475,752
Revenue Growth (YoY)	10.20%	12.88%	8.10%	6.07%	14.95%	48.56%
Cost of Revenue	337,288	319,984	289,265	260,254	253,769	223,683
Gross Profit	399,044	387,817	337,790	319,838	293,120	252,069
Selling, General & Admin	19,972	19,972	14,920	13,748	11,880	11,966
Other Operating Expenses	100,202	100,645	85,766	101,733	98,847	76,438
Operating Expenses	280,625	272,569	241,785	254,425	227,455	190,017
Operating Income	118,419	115,248	96,005	65,413	65,665	62,052
Interest Expense	-64,159	-49,831	-51,042	-37,304	-34,815	-33,569
Interest & Investment Income	6,361	3,935	5,170	5,435	2,032	1,451
Earnings From Equity Investments	-8,086	-9,606	-1,824	261	969	-1,013
Currency Exchange Gain (Loss)	603	297	-458	336	-1,183	936
Other Non Operating Income (Expenses)	-1,677	-1,677	-2,710	-1,585	-1,807	-1,628
EBT Excluding Unusual Items	51,461	58,366	45,141	32,556	30,861	28,229
Impairment of Goodwill	-3,481	-3,481	-5,215	-	-750	-1,424
Gain (Loss) on Sale of Investments	-395	-399	-	-	-91	-6,588
Gain (Loss) on Sale of Assets	10,430	9,570	8,128	9,375	6,226	8,199
Asset Writedown	-2,045	-2,045	-2,745	-1,115	-2,224	-1,025
Pretax Income	55,970	62,011	45,309	40,816	34,022	27,391
Income Tax Expense	14,453	19,684	10,098	8,984	8,659	5,513
Earnings From Continuing Operations	41,517	42,327	35,211	31,832	25,363	21,878
Net Income to Company	41,517	42,327	35,211	31,832	25,363	21,878
Minority Interest in Earnings	-9,662	-7,909	-4,182	-3,283	-2,037	-1,697
Net Income	31,855	34,418	31,029	28,549	23,326	20,181
Net Income to Common	31,855	34,418	31,029	28,549	23,326	20,181
Net Income Growth	-4.68%	10.92%	8.69%	22.39%	15.58%	42.58%
Shares Outstanding (Basic)	3,362	3,353	3,345	3,359	3,140	2,316
Shares Outstanding (Diluted)	3,386	3,378	3,345	3,398	3,186	2,372
Shares Change (YoY)	1.13%	1.01%	-1.57%	6.67%	34.31%	2.02%
EPS (Basic)	9.47	10.26	9.28	8.50	7.43	8.72
EPS (Diluted)	9.41	10.19	9.28	8.40	7.32	8.51
EPS Growth	-5.72%	9.84%	10.44%	14.75%	-13.98%	39.74%
Free Cash Flow	-19,573	24,212	24,180	4,630	803	6,554
Free Cash Flow Per Share	-5.78	7.17	7.23	1.36	0.25	2.76
Dividend Per Share	-	-	5.447	-	5.000	5.000
Gross Margin	54.19%	54.79%	53.87%	55.14%	53.60%	52.98%
Operating Margin	16.08%	16.28%	15.31%	11.28%	12.01%	13.04%
Profit Margin	4.33%	4.86%	4.95%	4.92%	4.27%	4.24%
Free Cash Flow Margin	-2.66%	3.42%	3.86%	0.80%	0.15%	1.38%
EBITDA	232,717	221,047	196,926	161,359	150,214	138,206
EBITDA Margin	31.60%	31.23%	31.40%	27.82%	27.47%	29.05%
D&A For EBITDA	114,298	105,799	100,921	95,946	84,549	76,154
EBIT	118,419	115,248	96,005	65,413	65,665	62,052
EBIT Margin	16.08%	16.28%	15.31%	11.28%	12.01%	13.04%
Effective Tax Rate	25.82%	31.74%	22.29%	22.01%	25.45%	20.13%
Advertising Expenses	-	19,972	14,920	13,748	11,880	11,966

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