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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	17,335	18,637	21,564	22,450	19,336	16,493
Revenue Growth (YoY)	-6.70%	-13.57%	-3.95%	16.11%	17.23%	8.25%
Cost of Revenue	8,557	8,665	7,999	6,632	5,172	6,609
Gross Profit	8,778	9,973	13,565	15,818	14,163	9,885
Selling, General & Admin	5,382	5,276	5,665	5,177	4,728	5,457
Research & Development	117.24	113.9	99.52	87.96	91.77	66.1
Other Operating Expenses	300.97	235.74	395.26	235.51	182.1	174.36
Operating Expenses	6,113	5,927	6,426	5,924	5,607	6,152
Operating Income	2,664	4,046	7,139	9,895	8,557	3,733
Interest Expense	-158.33	-131.13	-25.13	-48.69	-20.55	-55.6
Interest & Investment Income	19.03	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)	-1.09	-1.2	39.93	-51.86	-47.02	-34.89
Other Non Operating Income (Expenses)	247.37	199	123.24	87.34	67.92	66.4
EBT Excluding Unusual Items	2,761	4,136	7,288	9,897	8,575	3,745
Gain (Loss) on Sale of Assets	30	40.46	31.76	50.52	17.25	21.37
Pretax Income	2,791	4,177	7,320	9,947	8,592	3,766
Income Tax Expense	690.5	1,015	1,863	2,378	2,584	1,127
Earnings From Continuing Operations	2,100	3,162	5,457	7,569	6,007	2,639
Minority Interest in Earnings	8.3	8.33	-14.17	-39.03	-22.75	-20.82
Net Income	2,109	3,170	5,442	7,530	5,985	2,618
Preferred Dividends & Other Adjustments	650.21	977.51	1,678	2,323	1,847	808.08
Net Income to Common	1,459	2,193	3,764	5,207	4,138	1,810
Net Income Growth	-25.27%	-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)	-0.03%	-	0.05%	0.05%	-	-
EPS (Basic)	0.43	0.65	1.12	1.55	1.23	0.54
EPS (Diluted)	0.43	0.65	1.12	1.55	1.23	0.54
EPS Growth	-25.23%	-41.75%	-27.71%	25.68%	128.55%	13.61%
Free Cash Flow	608.04	2,594	6,012	8,363	2,086	2,211
Free Cash Flow Per Share	0.12	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	50.64%	53.51%	62.90%	70.46%	73.25%	59.93%
Operating Margin	15.37%	21.71%	33.10%	44.07%	44.25%	22.63%
Profit Margin	8.41%	11.77%	17.46%	23.19%	21.40%	10.98%
Free Cash Flow Margin	3.51%	13.92%	27.88%	37.25%	10.79%	13.40%
EBITDA	3,507	4,837	7,806	10,475	9,102	4,311
EBITDA Margin	20.23%	25.95%	36.20%	46.66%	47.07%	26.13%
D&A For EBITDA	843.19	791.36	667.42	580.66	545.58	577.7
EBIT	2,664	4,046	7,139	9,895	8,557	3,733
EBIT Margin	15.37%	21.71%	33.10%	44.07%	44.25%	22.63%
Effective Tax Rate	24.74%	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.