Globe Telecom, Inc. (PSE: GLO)

Globe Telecom 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
Operating Revenue	180,265	180,164	175,041	168,496	160,520	166,660
Other Revenue	126.09	185.66	261.71	165.43	51.79	51.79
Revenue	180,392	180,350	175,302	168,662	160,571	166,712
Revenue Growth (YoY)	1.62%	2.88%	3.94%	5.04%	-3.68%	10.24%
Cost of Revenue	31,232	33,329	30,956	29,187	27,285	31,745
Gross Profit	149,159	147,021	144,346	139,475	133,286	134,967
Selling, General & Admin	61,537	61,369	62,769	61,347	55,468	56,044
Other Operating Expenses	-234.16	-160.38	-107.24	-49.07	-45.5	-23.6
Operating Expenses	110,530	108,565	108,315	102,430	90,835	90,164
Operating Income	38,629	38,456	36,031	37,045	42,451	44,803
Interest Expense	-13,050	-12,089	-9,882	-8,555	-6,947	-6,736
Interest & Investment Income	762.49	677.57	340.11	149.51	194.94	500.44
Earnings From Equity Investments	3,780	2,215	1,083	881.54	-2,367	-2,555
Currency Exchange Gain (Loss)	-3,495	1,042	-5,343	-3,656	1,691	848.39
Other Non Operating Income (Expenses)	-156.39	-5,345	2,675	848.45	-6,153	-3,786
EBT Excluding Unusual Items	26,470	24,956	24,905	26,713	28,870	33,074
Impairment of Goodwill	-154.61	-154.61	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	101.66	4,344	2,042	-230.65
Gain (Loss) on Sale of Assets	5,564	7,707	19,094	152.57	33.24	43.01
Asset Writedown	-92.44	-92.44	-	-1,156	-4,149	-59.16
Other Unusual Items	-	-	-	-1,014	343.12	-
Pretax Income	31,787	32,416	44,100	29,040	27,140	32,827
Income Tax Expense	7,047	7,838	9,496	5,316	8,517	10,544
Earnings From Continuing Operations	24,740	24,578	34,604	23,724	18,623	22,284
Minority Interest in Earnings	-0.4	-65.25	-41.04	-71.05	-44.72	-14.42
Net Income	24,739	24,513	34,563	23,653	18,578	22,269
Preferred Dividends & Other Adjustments	1,404	1,381	1,300	524.15	570.09	570.09
Net Income to Common	23,336	23,132	33,263	23,129	18,008	21,699
Net Income Growth	-15.39%	-29.08%	46.13%	27.31%	-16.57%	19.47%
Shares Outstanding (Basic)	144	144	136	134	133	133
Shares Outstanding (Diluted)	145	145	136	135	134	134
Shares Change (YoY)	2.53%	6.40%	1.36%	0.15%	0.20%	0.19%
EPS (Basic)	161.77	160.45	245.44	173.18	135.04	162.96
EPS (Diluted)	161.06	159.74	244.25	172.26	134.40	162.20
EPS Growth	-18.77%	-34.60%	41.79%	28.16%	-17.14%	19.80%
Free Cash Flow	28,064	9,912	-32,828	-27,610	4,891	23,067
Free Cash Flow Per Share	193.28	68.30	-240.70	-205.19	36.40	172.03
Dividend Per Share	100.000	100.000	106.000	108.000	107.990	91.000
Dividend Growth	-1.96%	-5.66%	-1.85%	0.01%	18.67%	0%
Gross Margin	82.69%	81.52%	82.34%	82.70%	83.01%	80.96%
Operating Margin	21.41%	21.32%	20.55%	21.96%	26.44%	26.87%
Profit Margin	12.94%	12.83%	18.97%	13.71%	11.22%	13.02%
Free Cash Flow Margin	15.56%	5.50%	-18.73%	-16.37%	3.05%	13.84%
EBITDA	73,118	72,253	70,474	75,402	76,653	78,946
EBITDA Margin	40.53%	40.06%	40.20%	44.71%	47.74%	47.35%
D&A For EBITDA	34,489	33,797	34,442	38,357	34,202	34,144
EBIT	38,629	38,456	36,031	37,045	42,451	44,803
EBIT Margin	21.41%	21.32%	20.55%	21.96%	26.44%	26.87%
Effective Tax Rate	22.17%	24.18%	21.53%	18.31%	31.38%	32.12%
Revenue as Reported	11,413	11,482	22,992	5,840	1,678	-

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