SBS Philippines Corporation (PSE: SBS)

SBS Philippines 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	1,087	1,035	1,188	818.89	953.95	1,261
Revenue Growth (YoY)	-0.53%	-12.90%	45.08%	-14.16%	-24.35%	7.52%
Cost of Revenue	694.62	668.68	723.98	533.03	663.62	48.93
Gross Profit	392.25	366.08	464.09	285.86	290.33	1,212
Selling, General & Admin	79.03	89.52	95.26	86.71	22.28	106.89
Other Operating Expenses	52.39	41.28	41.83	13.58	80.47	878.73
Operating Expenses	180.35	179.73	171.58	131.4	102.75	1,032
Operating Income	211.89	186.35	292.52	154.46	187.58	179.77
Interest Expense	-167.23	-148.43	-75.42	-89.24	-123.55	-134.59
Interest & Investment Income	45.19	58.28	5.83	0.24	0.52	15.85
Earnings From Equity Investments	-20.6	-18.07	-38.19	-91.86	674.81	-19.79
Currency Exchange Gain (Loss)	-1.34	0.86	-17.37	8.6	6.23	5.05
Other Non Operating Income (Expenses)	-	-	-	-43.56	-	-1.05
EBT Excluding Unusual Items	67.91	78.99	167.36	-61.38	745.59	45.24
Gain (Loss) on Sale of Assets	-	-	-	311.97	-	2.49
Pretax Income	67.91	78.99	167.36	250.59	745.59	47.73
Income Tax Expense	17.9	18.95	63.69	59.96	30.06	6.78
Earnings From Continuing Operations	50.01	60.04	103.67	190.63	715.53	40.95
Earnings From Discontinued Operations	-	-	-	-10.19	-15.36	-15.98
Net Income to Company	50.01	60.04	103.67	180.43	700.17	24.97
Minority Interest in Earnings	-12.83	-13.76	18.5	6.3	8.5	-6.21
Net Income	37.18	46.28	122.17	186.74	708.68	18.76
Net Income to Common	37.18	46.28	122.17	186.74	708.68	18.76
Net Income Growth	-48.49%	-62.12%	-34.58%	-73.65%	3678.05%	-89.41%
Shares Outstanding (Basic)	1,550	1,550	1,550	1,550	1,550	1,550
Shares Outstanding (Diluted)	1,550	1,550	1,550	1,550	1,550	1,550
EPS (Basic)	0.02	0.03	0.08	0.12	0.46	0.01
EPS (Diluted)	0.02	0.03	0.08	0.12	0.46	0.01
EPS Growth	-47.85%	-62.12%	-34.58%	-73.65%	3678.28%	-89.41%
Free Cash Flow	773	178.34	374.8	558.87	496.31	184.08
Free Cash Flow Per Share	0.50	0.12	0.24	0.36	0.32	0.12
Dividend Per Share	0.005	0.005	-	0.025	0.022	-
Dividend Growth	-	-	-	13.64%	-	-
Gross Margin	36.09%	35.38%	39.06%	34.91%	30.43%	96.12%
Operating Margin	19.50%	18.01%	24.62%	18.86%	19.66%	14.26%
Profit Margin	3.42%	4.47%	10.28%	22.80%	74.29%	1.49%
Free Cash Flow Margin	71.12%	17.23%	31.55%	68.25%	52.03%	14.60%
EBITDA	199.87	192.63	298.94	159.27	192.86	184.84
EBITDA Margin	18.39%	18.62%	25.16%	19.45%	20.22%	14.66%
D&A For EBITDA	-12.02	6.28	6.42	4.81	5.28	5.07
EBIT	211.89	186.35	292.52	154.46	187.58	179.77
EBIT Margin	19.50%	18.01%	24.62%	18.86%	19.66%	14.26%
Effective Tax Rate	26.35%	23.99%	38.06%	23.93%	4.03%	14.21%
Revenue as Reported	1,035	1,035	1,188	818.89	953.95	1,261
Advertising Expenses	-	1.57	1.25	0.94	3.36	1.64

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