Global-Estate Resorts, Inc. (PSE: GERI)

Global-Estate Resorts 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	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	8,158	7,819	6,915	4,404	4,559	7,639
Other Revenue	73.71	72.57	68.72	148.53	314.16	180.87
Revenue	8,232	7,891	6,983	4,552	4,873	7,820
Revenue Growth (YoY)	1.39%	13.00%	53.41%	-6.59%	-37.68%	7.89%
Cost of Revenue	3,656	3,462	2,656	2,049	1,969	3,568
Gross Profit	4,577	4,429	4,328	2,504	2,904	4,252
Selling, General & Admin	192.27	53.76	39.45	39.91	5.35	4.41
Other Operating Expenses	1,529	1,529	1,460	1,009	1,122	1,737
Operating Expenses	1,722	1,583	1,499	1,049	1,128	1,742
Operating Income	2,855	2,846	2,828	1,454	1,776	2,510
Interest Expense	-386.82	-80.47	-84.23	-109.05	-125.85	-231.65
Interest & Investment Income	558.82	256.24	244.53	177.93	164.19	159.73
Earnings From Equity Investments	-	-	-	-	-0.12	-0.1
Currency Exchange Gain (Loss)	7.87	7.87	29.53	15.26	-10.12	-5.31
Other Non Operating Income (Expenses)	-97.52	-97.52	-228.75	133.42	143.19	88.11
EBT Excluding Unusual Items	2,937	2,932	2,789	1,672	1,947	2,521
Gain (Loss) on Sale of Investments	-	-	-	-	-	188.51
Pretax Income	2,937	2,932	2,789	1,672	1,947	2,710
Income Tax Expense	792.02	821.41	702.8	177.04	647.16	792.81
Earnings From Continuing Operations	2,145	2,110	2,087	1,495	1,300	1,917
Minority Interest in Earnings	-322.52	-269.79	-294.41	-183.41	-213.44	-427.68
Net Income	1,823	1,840	1,792	1,311	1,087	1,489
Net Income to Common	1,823	1,840	1,792	1,311	1,087	1,489
Net Income Growth	2.96%	2.69%	36.67%	20.65%	-27.01%	-0.42%
Shares Outstanding (Basic)	10,985	10,986	10,986	10,986	10,986	10,986
Shares Outstanding (Diluted)	11,007	11,009	11,036	11,086	11,186	11,377
Shares Change (YoY)	-0.27%	-0.25%	-0.45%	-0.89%	-1.68%	0.17%
EPS (Basic)	0.17	0.17	0.16	0.12	0.10	0.14
EPS (Diluted)	0.17	0.17	0.16	0.12	0.10	0.13
EPS Growth	3.37%	3.09%	37.29%	21.65%	-25.95%	-0.76%
Free Cash Flow	104.75	-1,591	-1,440	23.89	-198.04	589.44
Free Cash Flow Per Share	0.01	-0.14	-0.13	0.00	-0.02	0.05
Dividend Per Share	-	-	0.011	-	-	-
Gross Margin	55.59%	56.12%	61.97%	55.00%	59.59%	54.37%
Operating Margin	34.68%	36.06%	40.50%	31.94%	36.45%	32.10%
Profit Margin	22.14%	23.32%	25.66%	28.81%	22.30%	19.04%
Free Cash Flow Margin	1.27%	-20.16%	-20.62%	0.52%	-4.06%	7.54%
EBITDA	3,170	3,124	3,110	1,811	2,137	2,864
EBITDA Margin	38.51%	39.59%	44.54%	39.77%	43.85%	36.62%
D&A For EBITDA	315.55	278.74	282.01	356.42	360.64	353.53
EBIT	2,855	2,846	2,828	1,454	1,776	2,510
EBIT Margin	34.68%	36.06%	40.50%	31.94%	36.45%	32.10%
Effective Tax Rate	26.96%	28.02%	25.20%	10.59%	33.23%	29.26%
Revenue as Reported	2,358	8,339	7,330	4,986	5,196	8,296
Advertising Expenses	-	30.7	24.8	21.35	16.96	55.53

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