Cityland Development Corporation (PSE: CDC)

Cityland Development 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	1,873	2,398	2,745	1,475	1,134	1,791
Other Revenue	400.35	416.24	375.87	418.4	467.5	449.28
Revenue	2,273	2,814	3,121	1,894	1,601	2,240
Revenue Growth (YoY)	-27.76%	-9.83%	64.78%	18.28%	-28.53%	17.58%
Cost of Revenue	861.98	1,204	1,200	661.17	574.45	910.32
Gross Profit	1,411	1,610	1,920	1,233	1,027	1,330
Selling, General & Admin	673.67	585.22	565.75	478.56	417.76	536.52
Operating Expenses	673.67	585.22	565.75	478.56	417.76	536.52
Operating Income	737.76	1,025	1,355	754.15	608.96	793.59
Interest Expense	-2.72	-2.39	-1.86	-1.87	-1.91	-15.54
Interest & Investment Income	245.01	223.27	109.44	84.26	105.31	167.13
Other Non Operating Income (Expenses)	-1.7	-1.21	-1.35	-0.54	-0.8	-2.14
EBT Excluding Unusual Items	978.35	1,245	1,461	836	711.57	943.05
Gain (Loss) on Sale of Assets	-	-	155.56	-	-	-
Pretax Income	978.35	1,245	1,616	836	711.57	943.05
Income Tax Expense	172.43	280.5	378.19	162.85	168.74	208.91
Earnings From Continuing Operations	805.92	964.24	1,238	673.15	542.82	734.14
Minority Interest in Earnings	-62.83	-81.68	-207.82	-88.1	-53.24	-89.41
Net Income	743.09	882.56	1,030	585.05	489.58	644.73
Net Income to Common	743.09	882.56	1,030	585.05	489.58	644.73
Net Income Growth	-29.99%	-14.35%	76.12%	19.50%	-24.06%	16.90%
Shares Outstanding (Basic)	4,976	4,976	4,976	4,976	4,976	4,976
Shares Outstanding (Diluted)	4,976	4,976	4,976	4,976	4,976	4,976
Shares Change (YoY)	0.01%	-	-	-0.00%	-	-0.00%
EPS (Basic)	0.15	0.18	0.21	0.12	0.10	0.13
EPS (Diluted)	0.15	0.18	0.20	0.12	0.10	0.13
EPS Growth	-30.00%	-13.45%	74.29%	19.50%	-24.06%	16.90%
Free Cash Flow	912.99	481.61	670.66	468.47	365.11	354.7
Free Cash Flow Per Share	0.18	0.10	0.13	0.09	0.07	0.07
Dividend Per Share	0.048	0.048	0.029	0.022	0.020	0.027
Dividend Growth	65.63%	65.63%	32.72%	10.15%	-25.94%	-29.82%
Gross Margin	62.08%	57.23%	61.53%	65.09%	64.12%	59.37%
Operating Margin	32.45%	36.43%	43.41%	39.82%	38.03%	35.42%
Profit Margin	32.69%	31.36%	33.02%	30.89%	30.58%	28.78%
Free Cash Flow Margin	40.16%	17.12%	21.49%	24.74%	22.80%	15.83%
EBITDA	792.28	1,079	1,408	810.08	665.07	849.94
EBITDA Margin	34.85%	38.34%	45.13%	42.77%	41.54%	37.94%
D&A For EBITDA	54.52	53.79	53.64	55.93	56.11	56.35
EBIT	737.76	1,025	1,355	754.15	608.96	793.59
EBIT Margin	32.45%	36.43%	43.41%	39.82%	38.03%	35.42%
Effective Tax Rate	17.62%	22.53%	23.40%	19.48%	23.71%	22.15%
Revenue as Reported	2,518	3,037	3,386	1,978	1,706	2,408
Advertising Expenses	-	1.57	1.28	2.15	2.72	3.76

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