Globe Telecom Income Statement

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Operating Revenue	181,116	180,164	175,041	168,496	160,520	166,660	Upgrade
Other Revenue	991.73	185.66	261.71	165.43	51.79	51.79	Upgrade
Revenue	182,108	180,350	175,302	168,662	160,571	166,712	Upgrade
Revenue Growth (YoY)	-2.76%	2.88%	3.94%	5.04%	-3.68%	10.24%	Upgrade
Cost of Revenue	31,681	33,329	30,956	29,187	27,285	31,745	Upgrade
Gross Profit	150,427	147,021	144,346	139,475	133,286	134,967	Upgrade
Selling, General & Admin	61,159	61,369	62,769	61,347	55,468	56,044	Upgrade
Other Operating Expenses	-160.38	-160.38	-107.24	-49.07	-45.5	-23.6	Upgrade
Operating Expenses	111,162	108,565	108,315	102,430	90,835	90,164	Upgrade
Operating Income	39,265	38,456	36,031	37,045	42,451	44,803	Upgrade
Interest Expense	-12,089	-12,089	-9,882	-8,555	-6,947	-6,736	Upgrade
Interest & Investment Income	677.57	677.57	340.11	149.51	194.94	500.44	Upgrade
Earnings From Equity Investments	2,215	2,215	1,083	881.54	-2,367	-2,555	Upgrade
Currency Exchange Gain (Loss)	1,042	1,042	-5,343	-3,656	1,691	848.39	Upgrade
Other Non Operating Income (Expenses)	-6,270	-5,345	2,675	848.45	-6,153	-3,786	Upgrade
EBT Excluding Unusual Items	24,841	24,956	24,905	26,713	28,870	33,074	Upgrade
Impairment of Goodwill	-154.61	-154.61	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	101.66	4,344	2,042	-230.65	Upgrade
Gain (Loss) on Sale of Assets	7,707	7,707	19,094	152.57	33.24	43.01	Upgrade
Asset Writedown	-92.44	-92.44	-	-1,156	-4,149	-59.16	Upgrade
Other Unusual Items	-	-	-	-1,014	343.12	-	Upgrade
Pretax Income	32,300	32,416	44,100	29,040	27,140	32,827	Upgrade
Income Tax Expense	6,530	7,838	9,496	5,316	8,517	10,544	Upgrade
Earnings From Continuing Operations	25,770	24,578	34,604	23,724	18,623	22,284	Upgrade
Minority Interest in Earnings	25.13	-65.25	-41.04	-71.05	-44.72	-14.42	Upgrade
Net Income	25,795	24,513	34,563	23,653	18,578	22,269	Upgrade
Preferred Dividends & Other Adjustments	1,416	1,381	1,300	524.15	570.09	570.09	Upgrade
Net Income to Common	24,380	23,132	33,263	23,129	18,008	21,699	Upgrade
Net Income Growth	-5.85%	-29.08%	46.13%	27.31%	-16.57%	19.47%	Upgrade
Shares Outstanding (Basic)	144	144	136	134	133	133	Upgrade
Shares Outstanding (Diluted)	145	145	136	135	134	134	Upgrade
Shares Change (YoY)	0.95%	6.40%	1.36%	0.15%	0.20%	0.19%	Upgrade
EPS (Basic)	168.96	160.45	245.44	173.18	135.04	162.96	Upgrade
EPS (Diluted)	167.99	159.74	244.25	172.26	134.40	162.20	Upgrade
EPS Growth	-7.03%	-34.60%	41.79%	28.16%	-17.14%	19.80%	Upgrade
Free Cash Flow	34,137	9,912	-32,828	-27,610	4,891	23,067	Upgrade
Free Cash Flow Per Share	234.74	68.30	-240.70	-205.19	36.40	172.03	Upgrade
Dividend Per Share	100.000	100.000	106.000	108.000	107.990	91.000	Upgrade
Dividend Growth	0%	-5.66%	-1.85%	0.01%	18.67%	0%	Upgrade
Gross Margin	82.60%	81.52%	82.34%	82.70%	83.01%	80.96%	Upgrade
Operating Margin	21.56%	21.32%	20.55%	21.96%	26.44%	26.87%	Upgrade
Profit Margin	13.39%	12.83%	18.97%	13.71%	11.22%	13.02%	Upgrade
Free Cash Flow Margin	18.75%	5.50%	-18.73%	-16.37%	3.05%	13.84%	Upgrade
EBITDA	74,134	72,253	70,474	75,402	76,653	78,946	Upgrade
EBITDA Margin	40.71%	40.06%	40.20%	44.71%	47.74%	47.35%	Upgrade
D&A For EBITDA	34,869	33,797	34,442	38,357	34,202	34,144	Upgrade
EBIT	39,265	38,456	36,031	37,045	42,451	44,803	Upgrade
EBIT Margin	21.56%	21.32%	20.55%	21.96%	26.44%	26.87%	Upgrade
Effective Tax Rate	20.22%	24.18%	21.53%	18.31%	31.38%	32.12%	Upgrade
Revenue as Reported	12,288	11,482	22,992	5,840	1,678	-	Upgrade

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