GMA Network, Inc. (PSE: GMA7)

GMA Network 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
Revenue	17,954	18,637	21,564	22,450	19,336	16,493
Revenue Growth (YoY)	-0.70%	-13.57%	-3.95%	16.11%	17.23%	8.25%
Cost of Revenue	8,756	8,665	7,999	6,632	5,172	6,609
Gross Profit	9,199	9,973	13,565	15,818	14,163	9,885
Selling, General & Admin	5,269	5,276	5,665	5,177	4,728	5,457
Research & Development	116.01	113.9	99.52	87.96	91.77	66.1
Other Operating Expenses	282.28	235.74	395.26	235.51	182.1	174.36
Operating Expenses	5,976	5,927	6,426	5,924	5,607	6,152
Operating Income	3,223	4,046	7,139	9,895	8,557	3,733
Interest Expense	-151.34	-131.13	-25.13	-48.69	-20.55	-55.6
Interest & Investment Income	23.44	34.24	20.55	16.24	13.72	22.91
Earnings From Equity Investments	-10.34	-10.34	-9.03	-1.05	3.91	13.42
Currency Exchange Gain (Loss)	24.48	-1.2	39.93	-51.86	-47.02	-34.89
Other Non Operating Income (Expenses)	306.47	199	123.24	87.34	67.92	66.4
EBT Excluding Unusual Items	3,416	4,136	7,288	9,897	8,575	3,745
Gain (Loss) on Sale of Assets	32.53	40.46	31.76	50.52	17.25	21.37
Pretax Income	3,448	4,177	7,320	9,947	8,592	3,766
Income Tax Expense	866.78	1,015	1,863	2,378	2,584	1,127
Earnings From Continuing Operations	2,581	3,162	5,457	7,569	6,007	2,639
Minority Interest in Earnings	8.38	8.33	-14.17	-39.03	-22.75	-20.82
Net Income	2,590	3,170	5,442	7,530	5,985	2,618
Preferred Dividends & Other Adjustments	798.52	977.51	1,678	2,323	1,847	808.08
Net Income to Common	1,791	2,193	3,764	5,207	4,138	1,810
Net Income Growth	-1.61%	-41.75%	-27.73%	25.83%	128.55%	13.61%
Shares Outstanding (Basic)	3,365	3,365	3,365	3,365	3,360	3,360
Shares Outstanding (Diluted)	4,865	4,865	4,865	4,862	4,860	4,860
Shares Change (YoY)	-0.00%	-	0.05%	0.05%	-	-
EPS (Basic)	0.53	0.65	1.12	1.55	1.23	0.54
EPS (Diluted)	0.53	0.65	1.12	1.55	1.23	0.54
EPS Growth	-1.61%	-41.75%	-27.71%	25.68%	128.55%	13.61%
Free Cash Flow	1,600	2,594	6,012	8,363	2,086	2,211
Free Cash Flow Per Share	0.33	0.53	1.24	1.72	0.43	0.45
Dividend Per Share	0.600	0.600	1.100	1.450	1.350	0.300
Dividend Growth	-45.45%	-45.45%	-24.14%	7.41%	350.00%	-33.33%
Gross Margin	51.23%	53.51%	62.90%	70.46%	73.25%	59.93%
Operating Margin	17.95%	21.71%	33.10%	44.07%	44.25%	22.63%
Profit Margin	9.98%	11.77%	17.46%	23.19%	21.40%	10.98%
Free Cash Flow Margin	8.91%	13.92%	27.88%	37.25%	10.79%	13.40%
EBITDA	4,057	4,837	7,806	10,475	9,102	4,311
EBITDA Margin	22.59%	25.95%	36.20%	46.66%	47.07%	26.13%
D&A For EBITDA	833.66	791.36	667.42	580.66	545.58	577.7
EBIT	3,223	4,046	7,139	9,895	8,557	3,733
EBIT Margin	17.95%	21.71%	33.10%	44.07%	44.25%	22.63%
Effective Tax Rate	25.14%	24.30%	25.46%	23.91%	30.08%	29.93%
Advertising Expenses	-	187.55	170.05	117.27	84.87	257.88

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