Ayala Land, Inc. (PSE: ALI)

Ayala Land Income Statement

Financials in millions PHP. 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
Operating Revenue	160,297	140,142	116,356	96,145	85,965	157,849
Other Revenue	6,827	8,716	10,199	9,998	10,307	10,945
Revenue	167,124	148,857	126,556	106,143	96,273	168,794
Revenue Growth (YoY)	20.04%	17.62%	19.23%	10.25%	-42.96%	1.57%
Cost of Revenue	101,050	87,661	76,035	65,024	57,006	95,076
Gross Profit	66,074	61,196	50,520	41,118	39,267	73,717
Selling, General & Admin	8,797	8,388	6,858	6,156	7,679	9,043
Other Operating Expenses	2,528	2,849	3,996	3,456	3,789	1,645
Operating Expenses	11,325	11,237	10,854	9,612	11,468	10,688
Operating Income	54,749	49,959	39,667	31,506	27,799	63,029
Interest Expense	-14,026	-13,079	-11,021	-10,579	-12,301	-11,426
Other Non Operating Income (Expenses)	-419.59	-419.59	-425.76	-459.1	-444.49	-773.57
EBT Excluding Unusual Items	40,303	36,460	28,220	20,468	15,053	50,830
Asset Writedown	-	-	-	-180.56	-	-
Pretax Income	40,303	36,460	28,220	20,288	15,053	50,830
Income Tax Expense	8,649	7,457	5,696	4,628	4,059	13,315
Earnings From Continuing Operations	31,654	29,004	22,524	15,659	10,994	37,515
Minority Interest in Earnings	-5,409	-4,496	-3,907	-3,431	-2,267	-4,327
Net Income	26,245	24,508	18,617	12,228	8,727	33,188
Preferred Dividends & Other Adjustments	78.74	78.74	62.04	62.04	62.04	62.04
Net Income to Common	26,166	24,429	18,555	12,166	8,665	33,126
Net Income Growth	19.68%	31.64%	52.25%	40.12%	-73.70%	13.50%
Shares Outstanding (Basic)	14,843	14,978	14,778	14,725	14,721	14,743
Shares Outstanding (Diluted)	14,851	14,986	14,783	14,727	14,724	14,746
Shares Change (YoY)	-0.31%	1.37%	0.38%	0.02%	-0.16%	0.10%
EPS (Basic)	1.76	1.63	1.26	0.83	0.59	2.25
EPS (Diluted)	1.76	1.63	1.26	0.83	0.59	2.25
EPS Growth	19.97%	29.82%	51.97%	40.37%	-73.80%	13.48%
Free Cash Flow	23,411	19,540	21,924	4,711	-15,606	25,493
Free Cash Flow Per Share	1.58	1.30	1.48	0.32	-1.06	1.73
Dividend Per Share	0.578	0.373	0.271	0.280	0.260	0.520
Dividend Growth	326.27%	37.64%	-3.32%	7.69%	-50.00%	3.17%
Gross Margin	39.54%	41.11%	39.92%	38.74%	40.79%	43.67%
Operating Margin	32.76%	33.56%	31.34%	29.68%	28.88%	37.34%
Profit Margin	15.66%	16.41%	14.66%	11.46%	9.00%	19.63%
Free Cash Flow Margin	14.01%	13.13%	17.32%	4.44%	-16.21%	15.10%
EBITDA	63,950	58,763	48,645	39,703	37,372	72,088
EBITDA Margin	38.26%	39.48%	38.44%	37.41%	38.82%	42.71%
D&A For EBITDA	9,201	8,804	8,978	8,197	9,573	9,059
EBIT	54,749	49,959	39,667	31,506	27,799	63,029
EBIT Margin	32.76%	33.56%	31.34%	29.68%	28.88%	37.34%
Effective Tax Rate	21.46%	20.45%	20.18%	22.81%	26.96%	26.19%
Revenue as Reported	167,124	148,857	126,556	106,143	96,273	168,794
Advertising Expenses	-	104.46	70.26	53.27	42.97	69.16

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