Palestine Development & Investment Co. (PEX: PADICO)

PADICO Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	81.69	89.68	94.85	88.93	84.04	95.89
Other Revenue	14.46	19.64	44.19	43.57	24.53	35.69
Revenue	96.15	109.31	139.04	132.5	108.57	131.59
Revenue Growth (YoY)	-25.93%	-21.38%	4.93%	22.05%	-17.49%	8.35%
Cost of Revenue	65.6	71.8	75.3	75.5	69.43	77.04
Gross Profit	30.56	37.51	63.74	57	39.14	54.54
Selling, General & Admin	13.26	12.37	11.93	13.15	13.1	14.41
Other Operating Expenses	-17.58	-6.87	-0.07	1.13	2.49	10.82
Operating Expenses	-3.33	6.61	13.09	15.38	16.85	26.21
Operating Income	33.88	30.9	50.65	41.62	22.29	28.33
Interest Expense	-16.42	-15.53	-12.76	-12.77	-13.66	-15.38
Interest & Investment Income	0.27	0.27	0.16	0.38	0.34	0.36
Currency Exchange Gain (Loss)	-0.52	-0.52	-0.27	0.08	-0.62	0.54
EBT Excluding Unusual Items	17.21	15.13	37.78	29.31	8.36	13.85
Impairment of Goodwill	-2.23	-2.23	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-0.32	-	-0.19
Gain (Loss) on Sale of Assets	0.05	0.05	0.07	1.19	0.24	30.18
Asset Writedown	-32.98	-32.98	-1.26	-4.22	-2.22	-16.3
Legal Settlements	-	-	-	-	-0.02	-0.28
Other Unusual Items	-	-	-	-0.67	-	-
Pretax Income	-17.94	-20.02	36.58	25.29	6.36	27.27
Income Tax Expense	1.12	1.07	2.1	1.23	1.18	3.29
Earnings From Continuing Operations	-19.06	-21.1	34.49	24.07	5.18	23.98
Earnings From Discontinued Operations	3.51	1.48	-8.17	-0.03	-0.42	-3.99
Net Income to Company	-15.56	-19.62	26.32	24.04	4.77	19.99
Minority Interest in Earnings	2.8	7.98	-1.43	-2.9	-0.64	-1.29
Net Income	-12.75	-11.64	24.89	21.14	4.12	18.7
Net Income to Common	-12.75	-11.64	24.89	21.14	4.12	18.7
Net Income Growth	-	-	17.75%	412.54%	-77.95%	24.56%
Shares Outstanding (Basic)	190	195	221	248	250	250
Shares Outstanding (Diluted)	190	195	221	248	250	250
Shares Change (YoY)	-3.93%	-11.78%	-11.13%	-0.64%	-	-
EPS (Basic)	-0.07	-0.06	0.11	0.09	0.02	0.07
EPS (Diluted)	-0.07	-0.06	0.11	0.09	0.02	0.07
EPS Growth	-	-	32.49%	415.86%	-77.95%	24.56%
Free Cash Flow	-1.94	-5.39	5.95	-3.71	4.16	-2.45
Free Cash Flow Per Share	-0.01	-0.03	0.03	-0.01	0.02	-0.01
Gross Margin	31.78%	34.32%	45.84%	43.02%	36.05%	41.45%
Operating Margin	35.24%	28.27%	36.43%	31.41%	20.53%	21.53%
Profit Margin	-13.26%	-10.65%	17.90%	15.95%	3.80%	14.21%
Free Cash Flow Margin	-2.02%	-4.93%	4.28%	-2.80%	3.84%	-1.86%
EBITDA	41.07	39.43	60.88	52.61	32.94	38.45
EBITDA Margin	42.71%	36.07%	43.79%	39.71%	30.34%	29.22%
D&A For EBITDA	7.19	8.53	10.23	10.99	10.65	10.12
EBIT	33.88	30.9	50.65	41.62	22.29	28.33
EBIT Margin	35.24%	28.27%	36.43%	31.41%	20.53%	21.53%
Effective Tax Rate	-	-	5.73%	4.86%	18.54%	12.06%
Revenue as Reported	96.15	109.31	139.04	133.6	108.6	162.23

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