Tencent Holdings Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Operating Revenue	623,339	603,620	547,358	552,433	474,569	369,723	Upgrade
Other Revenue	7,100	5,395	7,194	7,685	7,495	7,566	Upgrade
Revenue	630,439	609,015	554,552	560,118	482,064	377,289	Upgrade
Revenue Growth (YoY)	7.91%	9.82%	-0.99%	16.19%	27.77%	20.66%	Upgrade
Cost of Revenue	306,584	315,903	315,665	314,187	260,440	209,705	Upgrade
Gross Profit	323,855	293,112	238,887	245,931	221,624	167,584	Upgrade
Selling, General & Admin	141,353	137,736	135,925	130,441	101,383	74,842	Upgrade
Other Operating Expenses	-9,394	-7,571	-7,918	-8,360	-5,141	-4,678	Upgrade
Operating Expenses	131,959	130,165	128,007	122,081	96,242	70,164	Upgrade
Operating Income	191,896	162,947	110,880	123,850	125,382	97,420	Upgrade
Interest Expense	-12,038	-11,885	-9,985	-7,918	-7,449	-7,690	Upgrade
Interest & Investment Income	15,621	13,808	8,592	7,310	8,722	7,328	Upgrade
Earnings From Equity Investments	14,465	5,800	-16,129	-16,444	3,672	-1,681	Upgrade
Currency Exchange Gain (Loss)	-227	-383	633	804	-438	77	Upgrade
EBT Excluding Unusual Items	207,758	170,287	93,991	107,602	129,889	95,454	Upgrade
Impairment of Goodwill	-	-	-	-8,702	-4,205	-20	Upgrade
Gain (Loss) on Sale of Investments	-4,178	-6,090	116,287	149,160	55,005	14,180	Upgrade
Gain (Loss) on Sale of Assets	126	126	108	-	-	-	Upgrade
Asset Writedown	-73	-3	-141	2	-667	-214	Upgrade
Other Unusual Items	-2,982	-2,996	-20	-	-	-	Upgrade
Pretax Income	200,651	161,324	210,225	248,062	180,022	109,400	Upgrade
Income Tax Expense	45,003	43,276	21,516	20,252	19,897	13,512	Upgrade
Earnings From Continuing Operations	155,648	118,048	188,709	227,810	160,125	95,888	Upgrade
Minority Interest in Earnings	-2,922	-2,832	-466	-2,988	-278	-2,578	Upgrade
Net Income	152,726	115,216	188,243	224,822	159,847	93,310	Upgrade
Net Income to Common	152,726	115,216	188,243	224,822	159,847	93,310	Upgrade
Net Income Growth	-22.95%	-38.79%	-16.27%	40.65%	71.31%	18.54%	Upgrade
Shares Outstanding (Basic)	9,382	9,455	9,528	9,528	9,490	9,468	Upgrade
Shares Outstanding (Diluted)	9,526	9,610	9,695	9,696	9,650	9,603	Upgrade
Shares Change (YoY)	-1.48%	-0.88%	-0.01%	0.48%	0.49%	0.37%	Upgrade
EPS (Basic)	16.28	12.19	19.76	23.60	16.84	9.86	Upgrade
EPS (Diluted)	15.92	11.89	19.34	23.16	16.52	9.64	Upgrade
EPS Growth	-21.90%	-38.54%	-16.51%	40.20%	71.34%	17.20%	Upgrade
Free Cash Flow	218,232	200,954	123,412	145,884	160,049	125,824	Upgrade
Free Cash Flow Per Share	22.91	20.91	12.73	15.05	16.59	13.10	Upgrade
Dividend Per Share	3.086	3.086	2.123	1.303	1.347	1.073	Upgrade
Dividend Growth	45.37%	45.37%	62.87%	-3.25%	25.59%	22.15%	Upgrade
Gross Margin	51.37%	48.13%	43.08%	43.91%	45.97%	44.42%	Upgrade
Operating Margin	30.44%	26.76%	19.99%	22.11%	26.01%	25.82%	Upgrade
Profit Margin	24.23%	18.92%	33.95%	40.14%	33.16%	24.73%	Upgrade
Free Cash Flow Margin	34.62%	33.00%	22.25%	26.05%	33.20%	33.35%	Upgrade
EBITDA	213,072	183,937	134,297	146,995	144,667	110,605	Upgrade
EBITDA Margin	33.80%	30.20%	24.22%	26.24%	30.01%	29.32%	Upgrade
D&A For EBITDA	21,176	20,990	23,417	23,145	19,285	13,185	Upgrade
EBIT	191,896	162,947	110,880	123,850	125,382	97,420	Upgrade
EBIT Margin	30.44%	26.76%	19.99%	22.11%	26.01%	25.82%	Upgrade
Effective Tax Rate	22.43%	26.83%	10.23%	8.16%	11.05%	12.35%	Upgrade
Revenue as Reported	630,439	609,015	554,552	560,118	482,064	377,289	Upgrade
Advertising Expenses	-	22,836	18,764	31,335	26,596	-	Upgrade

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