Petron Corporation (PSE: PCOR)

Petron 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	878,480	801,027	857,638	438,057	286,033	514,362
Revenue Growth (YoY)	6.33%	-6.60%	95.78%	53.15%	-44.39%	-7.72%
Cost of Revenue	831,867	756,389	825,412	408,987	278,497	483,855
Gross Profit	46,613	44,638	32,226	29,070	7,536	30,507
Selling, General & Admin	16,624	15,903	14,776	13,329	13,453	16,150
Other Operating Expenses	-1,505	-1,457	-1,322	-1,021	-970	-1,409
Operating Expenses	15,119	14,446	13,454	12,308	12,483	14,741
Operating Income	31,494	30,192	18,772	16,762	-4,947	15,766
Interest Expense	-18,366	-16,927	-11,108	-8,134	-10,255	-12,134
Interest & Investment Income	1,148	1,284	898	564	780	1,340
Earnings From Equity Investments	81	89	66	11	4.16	1.81
Currency Exchange Gain (Loss)	-509	-509	-3,678	-1,242	2,363	2,609
Other Non Operating Income (Expenses)	-1,254	-1,061	3,097	-687	-4,265	-3,876
EBT Excluding Unusual Items	12,594	13,068	8,047	7,274	-16,320	3,707
Gain (Loss) on Sale of Investments	37	37	54	23	-9	30
Gain (Loss) on Sale of Assets	33	33	-	-	95	-
Other Unusual Items	-	-	-	-	23	-
Pretax Income	12,664	13,138	8,101	7,297	-16,211	3,737
Income Tax Expense	2,649	3,004	1,404	1,161	-4,798	1,434
Earnings From Continuing Operations	10,015	10,134	6,697	6,136	-11,413	2,303
Minority Interest in Earnings	-665	-893	-970	-767	33	-602
Net Income	9,350	9,241	5,727	5,369	-11,380	1,701
Preferred Dividends & Other Adjustments	6,108	6,684	5,589	4,936	3,394	3,275
Net Income to Common	3,242	2,557	138	433	-14,774	-1,574
Net Income Growth	102.64%	61.36%	6.67%	-	-	-72.64%
Shares Outstanding (Basic)	9,375	9,375	9,375	9,375	9,375	9,375
Shares Outstanding (Diluted)	9,375	9,375	9,375	9,375	9,375	9,375
EPS (Basic)	0.35	0.27	0.01	0.05	-1.58	-0.17
EPS (Diluted)	0.35	0.27	0.01	0.05	-1.58	-0.17
EPS Growth	-	1752.89%	-68.13%	-	-	-
Free Cash Flow	-15,950	12,969	-28,058	-19,863	-5,634	7,815
Free Cash Flow Per Share	-1.70	1.38	-2.99	-2.12	-0.60	0.83
Dividend Per Share	0.100	0.100	0.100	-	-	0.100
Gross Margin	5.31%	5.57%	3.76%	6.64%	2.63%	5.93%
Operating Margin	3.59%	3.77%	2.19%	3.83%	-1.73%	3.07%
Profit Margin	0.37%	0.32%	0.02%	0.10%	-5.17%	-0.31%
Free Cash Flow Margin	-1.82%	1.62%	-3.27%	-4.53%	-1.97%	1.52%
EBITDA	42,839	41,226	28,716	26,067	3,691	28,165
EBITDA Margin	4.88%	5.15%	3.35%	5.95%	1.29%	5.48%
D&A For EBITDA	11,345	11,034	9,944	9,305	8,638	12,399
EBIT	31,494	30,192	18,772	16,762	-4,947	15,766
EBIT Margin	3.58%	3.77%	2.19%	3.83%	-1.73%	3.07%
Effective Tax Rate	20.92%	22.86%	17.33%	15.91%	-	38.37%
Advertising Expenses	-	530	464	318	421	696

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