Orange S.A. (ORANY)

Orange Income Statement

Financials in millions EUR. 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	44,609	44,122	43,471	42,522	42,270	42,238
Revenue Growth (YoY)	7.42%	1.50%	2.23%	0.60%	0.08%	2.07%
Cost of Revenue	27,349	27,445	26,714	26,960	25,294	25,290
Gross Profit	17,260	16,677	16,757	15,562	16,976	16,948
Selling, General & Admin	906	895	938	930	887	1,064
Other Operating Expenses	1,201	1,265	1,435	1,591	1,872	1,578
Operating Expenses	10,978	10,994	10,915	11,076	11,277	11,026
Operating Income	6,282	5,683	5,842	4,486	5,699	5,922
Interest Expense	-1,450	-1,424	-1,171	-1,139	-1,273	-1,385
Earnings From Equity Investments	-243	-29	-2	3	-2	8
Currency Exchange Gain (Loss)	-32	-50	-120	45	-84	72
Other Non Operating Income (Expenses)	332	251	349	295	62	166
EBT Excluding Unusual Items	4,889	4,431	4,898	3,690	4,402	4,783
Merger & Restructuring Charges	-547	-484	-165	-345	-43	-149
Impairment of Goodwill	-	-	-817	-3,702	-	-54
Gain (Loss) on Sale of Investments	-147	-129	-107	-84	-55	-133
Gain (Loss) on Sale of Assets	-100	90	233	2,507	228	289
Asset Writedown	-131	-116	-110	-108	-87	40
Legal Settlements	-193	-41	-50	-218	-238	-107
Other Unusual Items	11	11	-	-	-	-
Pretax Income	3,782	3,762	3,882	1,740	4,207	4,669
Income Tax Expense	1,063	871	1,265	962	-848	1,447
Earnings From Continuing Operations	2,719	2,891	2,617	778	5,055	3,222
Earnings From Discontinued Operations	176	-	-	-	-	-
Net Income to Company	2,895	2,891	2,617	778	5,055	3,222
Minority Interest in Earnings	-508	-451	-471	-545	-233	-218
Net Income	2,387	2,440	2,146	233	4,822	3,004
Preferred Dividends & Other Adjustments	175	175	200	225	255	268
Net Income to Common	2,212	2,265	1,946	8	4,567	2,736
Net Income Growth	32.24%	13.70%	821.03%	-95.17%	60.52%	53.74%
Shares Outstanding (Basic)	2,669	2,659	2,658	2,657	2,656	2,653
Shares Outstanding (Diluted)	2,670	2,661	2,687	2,658	2,684	2,688
Shares Change (YoY)	-1.05%	-0.98%	1.09%	-0.97%	-0.16%	1.12%
EPS (Basic)	0.83	0.85	0.73	0.00	1.72	1.03
EPS (Diluted)	0.83	0.85	0.73	0.00	1.71	1.02
EPS Growth	38.11%	16.70%	24098.24%	-99.82%	66.88%	63.54%
Free Cash Flow	3,684	4,225	2,458	2,487	4,151	1,768
Free Cash Flow Per Share	1.38	1.59	0.91	0.94	1.55	0.66
Dividend Per Share	0.720	0.720	0.700	0.700	0.700	0.500
Dividend Growth	2.86%	2.86%	0%	0%	40.00%	-28.57%
Gross Margin	38.69%	37.80%	38.55%	36.60%	40.16%	40.13%
Operating Margin	14.08%	12.88%	13.44%	10.55%	13.48%	14.02%
Profit Margin	4.96%	5.13%	4.48%	0.02%	10.80%	6.48%
Free Cash Flow Margin	8.26%	9.58%	5.65%	5.85%	9.82%	4.19%
EBITDA	13,410	13,124	12,984	11,644	12,888	13,046
EBITDA Margin	30.06%	29.74%	29.87%	27.38%	30.49%	30.89%
D&A For EBITDA	7,128	7,441	7,142	7,158	7,189	7,124
EBIT	6,282	5,683	5,842	4,486	5,699	5,922
EBIT Margin	14.08%	12.88%	13.44%	10.55%	13.48%	14.02%
Effective Tax Rate	28.11%	23.15%	32.59%	55.29%	-	30.99%

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