Aboitiz Power Corporation (PSE: AP)

Aboitiz Power 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
Revenue	200,359	206,384	193,994	134,359	110,377	125,635
Revenue Growth (YoY)	-7.90%	6.39%	44.38%	21.73%	-12.15%	-4.51%
Fuel & Purchased Power	71,737	71,461	69,379	41,496	31,409	35,835
Operations & Maintenance	15,195	13,934	12,486	10,704	9,242	7,661
Selling, General & Admin	13,442	12,837	9,842	9,247	8,410	7,861
Depreciation & Amortization	13,065	13,110	11,864	11,202	10,973	9,896
Other Operating Expenses	53,814	63,973	60,619	33,500	23,462	35,527
Total Operating Expenses	167,253	175,315	164,191	106,149	83,497	96,779
Operating Income	33,106	31,069	29,803	28,210	26,880	28,856
Interest Expense	-14,049	-14,153	-13,375	-13,143	-14,254	-14,048
Interest Income	2,211	2,383	678.7	343.23	653.08	1,292
Net Interest Expense	-11,838	-11,770	-12,697	-12,800	-13,600	-12,756
Income (Loss) on Equity Investments	17,213	19,818	15,135	9,480	2,675	3,814
Currency Exchange Gain (Loss)	258.47	132.87	-1,140	-1,063	709.11	428.74
Other Non-Operating Income (Expenses)	2,187	1,715	2,579	1,745	2,468	2,316
EBT Excluding Unusual Items	40,926	40,965	33,680	25,572	19,131	22,659
Gain (Loss) on Sale of Assets	-160.69	12.63	-34.84	-214.03	-88.23	-304.63
Asset Writedown	-324.95	-372.15	-888.68	-638.63	-5.09	340.9
Insurance Settlements	1,400	1,400	-	384	1,800	-
Other Unusual Items	1,737	1,737	-44.96	-447.5	45	702
Pretax Income	43,578	43,742	32,712	24,656	20,883	23,397
Income Tax Expense	8,090	7,277	4,701	3,862	6,062	3,215
Earnings From Continuing Ops.	35,487	36,465	28,011	20,794	14,821	20,182
Minority Interest in Earnings	-3,074	-3,364	-2,012	-1,708	-2,244	-2,859
Net Income	32,414	33,102	25,999	19,086	12,578	17,323
Net Income to Common	32,414	33,102	25,999	19,086	12,578	17,323
Net Income Growth	-4.17%	27.32%	36.22%	51.74%	-27.39%	-20.20%
Shares Outstanding (Basic)	7,242	7,318	7,359	7,359	7,359	7,359
Shares Outstanding (Diluted)	7,242	7,318	7,359	7,359	7,359	7,359
Shares Change (YoY)	-1.59%	-0.55%	-	-	-	-
EPS (Basic)	4.48	4.52	3.53	2.59	1.71	2.35
EPS (Diluted)	4.48	4.52	3.53	2.59	1.71	2.35
EPS Growth	-2.55%	28.02%	36.22%	51.74%	-27.39%	-20.20%
Free Cash Flow	34,531	32,271	21,232	28,073	26,353	29,681
Free Cash Flow Per Share	4.77	4.41	2.89	3.81	3.58	4.03
Dividend Per Share	2.300	2.300	1.870	1.450	0.850	1.180
Dividend Growth	22.99%	22.99%	28.97%	70.59%	-27.97%	-19.73%
Profit Margin	16.18%	16.04%	13.40%	14.20%	11.40%	13.79%
Free Cash Flow Margin	17.23%	15.64%	10.94%	20.89%	23.88%	23.62%
EBITDA	44,677	42,690	40,321	39,412	36,534	37,528
EBITDA Margin	22.30%	20.68%	20.78%	29.33%	33.10%	29.87%
D&A For EBITDA	11,572	11,621	10,518	11,202	9,654	8,673
EBIT	33,106	31,069	29,803	28,210	26,880	28,856
EBIT Margin	16.52%	15.05%	15.36%	21.00%	24.35%	22.97%
Effective Tax Rate	18.57%	16.64%	14.37%	15.67%	29.03%	13.74%
Revenue as Reported	207,100	207,100	193,994	134,359	110,377	125,635

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