First Philippine Holdings Corporation (PSE: FPH)

First Philippine Holdings 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
Operating Revenue	165,295	164,952	170,338	125,159	107,281	133,594
Revenue	165,295	164,952	170,338	125,159	107,281	133,594
Revenue Growth (YoY)	-2.52%	-3.16%	36.10%	16.66%	-19.70%	6.54%
Selling, General & Admin	19,573	18,840	18,206	15,495	15,043	17,202
Other Operating Expenses	114,605	112,334	120,827	84,575	65,806	85,819
Total Operating Expenses	134,178	131,174	139,033	100,070	80,849	103,021
Operating Income	31,117	33,778	31,305	25,089	26,432	30,573
Interest Expense	-8,892	-7,841	-6,328	-5,757	-6,951	-8,082
Interest Income	3,900	5,137	2,767	2,322	2,911	3,509
Net Interest Expense	-4,992	-2,704	-3,561	-3,435	-4,040	-4,573
Income (Loss) on Equity Investments	398	374	433	342	346	-55
Currency Exchange Gain (Loss)	158	-17	93	89	355	44
Other Non-Operating Income (Expenses)	1,017	1,114	1,122	745	691	926
EBT Excluding Unusual Items	27,698	32,545	29,392	22,830	23,784	26,915
Gain (Loss) on Sale of Investments	-	-	-	-	12	207
Gain (Loss) on Sale of Assets	52	52	58	14	62	40
Insurance Settlements	2,155	2,155	773	1,336	1,831	2,264
Legal Settlements	-8	-8	-8	-8	-8	-8
Other Unusual Items	-	-	-	-	5	76
Pretax Income	29,897	34,744	30,215	24,172	25,686	29,494
Income Tax Expense	5,431	5,688	6,341	4,271	4,882	4,875
Earnings From Continuing Ops.	24,466	29,056	23,874	19,901	20,804	24,619
Net Income to Company	24,466	29,056	23,874	19,901	20,804	24,619
Minority Interest in Earnings	-10,721	-13,990	-11,198	-9,880	-10,944	-12,036
Net Income	13,745	15,066	12,676	10,021	9,860	12,583
Preferred Dividends & Other Adjustments	-	-	-	50	99	99
Net Income to Common	13,745	15,066	12,676	9,971	9,761	12,484
Net Income Growth	-12.41%	18.85%	26.49%	1.63%	-21.64%	22.39%
Shares Outstanding (Basic)	465	468	484	501	507	519
Shares Outstanding (Diluted)	465	468	484	501	507	519
Shares Change (YoY)	-1.42%	-3.34%	-3.33%	-1.36%	-2.28%	-5.31%
EPS (Basic)	29.59	32.21	26.20	19.92	19.24	24.04
EPS (Diluted)	29.59	32.21	26.20	19.92	19.24	24.04
EPS Growth	-11.13%	22.97%	31.51%	3.56%	-19.99%	29.48%
Free Cash Flow	-178	29,200	19,361	22,096	29,278	37,074
Free Cash Flow Per Share	-0.38	62.44	40.01	44.15	57.70	71.39
Dividend Per Share	2.200	2.200	2.200	2.200	2.000	2.000
Dividend Growth	0%	0%	0%	10.00%	0%	0%
Profit Margin	8.32%	9.13%	7.44%	7.97%	9.10%	9.34%
Free Cash Flow Margin	-0.11%	17.70%	11.37%	17.65%	27.29%	27.75%
EBITDA	47,951	47,837	44,740	37,698	39,959	44,164
EBITDA Margin	29.01%	29.00%	26.27%	30.12%	37.25%	33.06%
D&A For EBITDA	16,834	14,059	13,435	12,609	13,527	13,591
EBIT	31,117	33,778	31,305	25,089	26,432	30,573
EBIT Margin	18.83%	20.48%	18.38%	20.05%	24.64%	22.89%
Effective Tax Rate	18.17%	16.37%	20.99%	17.67%	19.01%	16.53%
Revenue as Reported	165,295	164,952	170,338	125,159	107,281	133,594

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