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

PSE: 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	297,671	289,002	276,039	309,778	216,442	310,785
Revenue Growth (YoY)	4.53%	4.70%	-10.89%	43.12%	-30.36%	8.52%
Cost of Revenue	189,691	188,978	179,183	219,886	137,894	212,697
Gross Profit	107,980	100,024	96,856	89,892	78,548	98,088
Selling, General & Admin	54,340	51,613	48,145	46,197	45,136	50,307
Other Operating Expenses	-489	-3,049	28	-235	-1,588	-1,574
Operating Expenses	53,851	48,564	48,173	45,962	43,548	48,733
Operating Income	54,129	51,460	48,683	43,930	35,000	49,355
Interest Expense	-3,968	-4,337	-3,289	-3,205	-3,571	-2,837
Interest & Investment Income	3,675	3,067	821	468	734	1,133
Earnings From Equity Investments	-	-	-	-	-	-238
Currency Exchange Gain (Loss)	59	105	-226	23	31	-5
Other Non Operating Income (Expenses)	-415	-415	-249	-155	-370	-283
EBT Excluding Unusual Items	53,480	49,880	45,740	41,061	31,824	47,125
Merger & Restructuring Charges	-	-	-	-386	-	-
Gain (Loss) on Sale of Investments	7	-2	-2	196	-36	-3
Asset Writedown	-	-	-	-31	-	-1,015
Other Unusual Items	-	-	31	-38	-	-
Pretax Income	53,487	49,878	45,769	40,802	31,788	46,107
Income Tax Expense	12,455	11,773	11,104	9,385	9,387	13,828
Earnings From Continuing Operations	41,032	38,105	34,665	31,417	22,401	32,279
Minority Interest in Earnings	-14,660	-14,987	-12,402	-11,626	-9,925	-14,001
Net Income	26,372	23,118	22,263	19,791	12,476	18,278
Preferred Dividends & Other Adjustments	-	-	2	-	212	849
Net Income to Common	26,372	23,118	22,261	19,791	12,264	17,429
Net Income Growth	23.63%	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
EPS (Basic)	4.46	3.91	3.77	3.35	2.08	2.95
EPS (Diluted)	4.46	3.91	3.77	3.35	2.08	2.95
EPS Growth	23.62%	3.85%	12.48%	61.37%	-29.63%	0.19%
Free Cash Flow	31,893	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	1.800	1.650	1.600	1.600	1.600	1.600
Dividend Growth	12.50%	3.12%	0%	0%	0%	14.29%
Gross Margin	36.27%	34.61%	35.09%	29.02%	36.29%	31.56%
Operating Margin	18.18%	17.81%	17.64%	14.18%	16.17%	15.88%
Profit Margin	8.86%	8.00%	8.06%	6.39%	5.67%	5.61%
Free Cash Flow Margin	10.71%	14.01%	-0.30%	7.36%	8.01%	10.38%
EBITDA	64,387	61,855	57,710	55,341	46,099	59,401
EBITDA Margin	21.63%	21.40%	20.91%	17.86%	21.30%	19.11%
D&A For EBITDA	10,258	10,395	9,027	11,411	11,099	10,046
EBIT	54,129	51,460	48,683	43,930	35,000	49,355
EBIT Margin	18.18%	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.