San Miguel Food and Beverage, Inc. (PSE: FB)

FB 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	293,781	289,002	276,039	309,778	216,442	310,785
Revenue Growth (YoY)	-3.25%	4.70%	-10.89%	43.12%	-30.36%	8.52%
Cost of Revenue	188,146	188,978	179,183	219,886	137,894	212,697
Gross Profit	105,635	100,024	96,856	89,892	78,548	98,088
Selling, General & Admin	53,570	51,613	48,145	46,197	45,136	50,307
Other Operating Expenses	-175	-3,049	28	-235	-1,588	-1,574
Operating Expenses	53,395	48,564	48,173	45,962	43,548	48,733
Operating Income	52,240	51,460	48,683	43,930	35,000	49,355
Interest Expense	-4,120	-4,337	-3,289	-3,205	-3,571	-2,837
Interest & Investment Income	3,480	3,067	821	468	734	1,133
Earnings From Equity Investments	-	-	-	-	-	-238
Currency Exchange Gain (Loss)	15	105	-226	23	31	-5
Other Non Operating Income (Expenses)	-415	-415	-249	-155	-370	-283
EBT Excluding Unusual Items	51,200	49,880	45,740	41,061	31,824	47,125
Merger & Restructuring Charges	-	-	-	-386	-	-
Gain (Loss) on Sale of Investments	-3	-2	-2	196	-36	-3
Asset Writedown	-	-	-	-31	-	-1,015
Other Unusual Items	-	-	31	-38	-	-
Pretax Income	51,197	49,878	45,769	40,802	31,788	46,107
Income Tax Expense	11,924	11,773	11,104	9,385	9,387	13,828
Earnings From Continuing Operations	39,273	38,105	34,665	31,417	22,401	32,279
Minority Interest in Earnings	-14,570	-14,987	-12,402	-11,626	-9,925	-14,001
Net Income	24,703	23,118	22,263	19,791	12,476	18,278
Preferred Dividends & Other Adjustments	-	-	2	-	212	849
Net Income to Common	24,703	23,118	22,261	19,791	12,264	17,429
Net Income Growth	20.15%	3.84%	12.49%	58.63%	-31.74%	0.18%
Shares Outstanding (Basic)	5,909	5,909	5,909	5,909	5,909	5,909
Shares Outstanding (Diluted)	5,909	5,909	5,909	5,909	5,909	5,909
Shares Change (YoY)	0.11%	-	-	-	-	-
EPS (Basic)	4.18	3.91	3.77	3.35	2.08	2.95
EPS (Diluted)	4.18	3.91	3.77	3.35	2.08	2.95
EPS Growth	20.03%	3.85%	12.48%	61.37%	-29.63%	0.19%
Free Cash Flow	31,918	40,487	-828	22,789	17,339	32,268
Free Cash Flow Per Share	5.40	6.85	-0.14	3.86	2.93	5.46
Dividend Per Share	1.750	1.650	1.600	1.600	1.600	1.600
Dividend Growth	9.38%	3.12%	0%	0%	0%	14.29%
Gross Margin	35.96%	34.61%	35.09%	29.02%	36.29%	31.56%
Operating Margin	17.78%	17.81%	17.64%	14.18%	16.17%	15.88%
Profit Margin	8.41%	8.00%	8.06%	6.39%	5.67%	5.61%
Free Cash Flow Margin	10.86%	14.01%	-0.30%	7.36%	8.01%	10.38%
EBITDA	62,750	61,855	57,710	55,341	46,099	59,401
EBITDA Margin	21.36%	21.40%	20.91%	17.86%	21.30%	19.11%
D&A For EBITDA	10,510	10,395	9,027	11,411	11,099	10,046
EBIT	52,240	51,460	48,683	43,930	35,000	49,355
EBIT Margin	17.78%	17.81%	17.64%	14.18%	16.17%	15.88%
Effective Tax Rate	23.29%	23.60%	24.26%	23.00%	29.53%	29.99%
Advertising Expenses	-	6,678	6,022	5,619	5,159	8,526

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