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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,091	1,035	1,188	818.89	953.95	1,261
Revenue Growth (YoY)	4.01%	-12.90%	45.08%	-14.16%	-24.35%	7.52%
Cost of Revenue	691.04	668.68	723.98	533.03	663.62	48.93
Gross Profit	399.51	366.08	464.09	285.86	290.33	1,212
Selling, General & Admin	74.54	89.52	95.26	86.71	22.28	106.89
Other Operating Expenses	59.74	41.28	41.83	13.58	80.47	878.73
Operating Expenses	183.22	179.73	171.58	131.4	102.75	1,032
Operating Income	216.29	186.35	292.52	154.46	187.58	179.77
Interest Expense	-184.23	-148.43	-75.42	-89.24	-123.55	-134.59
Interest & Investment Income	61.05	58.28	5.83	0.24	0.52	15.85
Earnings From Equity Investments	-38.58	-18.07	-38.19	-91.86	674.81	-19.79
Currency Exchange Gain (Loss)	0.86	0.86	-17.37	8.6	6.23	5.05
Other Non Operating Income (Expenses)	-	-	-	-43.56	-	-1.05
EBT Excluding Unusual Items	55.38	78.99	167.36	-61.38	745.59	45.24
Gain (Loss) on Sale of Assets	-	-	-	311.97	-	2.49
Pretax Income	55.38	78.99	167.36	250.59	745.59	47.73
Income Tax Expense	19.01	18.95	63.69	59.96	30.06	6.78
Earnings From Continuing Operations	36.37	60.04	103.67	190.63	715.53	40.95
Earnings From Discontinued Operations	-	-	-	-10.19	-15.36	-15.98
Net Income to Company	36.37	60.04	103.67	180.43	700.17	24.97
Minority Interest in Earnings	4.04	-13.76	18.5	6.3	8.5	-6.21
Net Income	40.41	46.28	122.17	186.74	708.68	18.76
Net Income to Common	40.41	46.28	122.17	186.74	708.68	18.76
Net Income Growth	-23.54%	-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)	0.03	0.03	0.08	0.12	0.46	0.01
EPS (Diluted)	0.03	0.03	0.08	0.12	0.46	0.01
EPS Growth	-23.53%	-62.12%	-34.58%	-73.65%	3678.28%	-89.41%
Free Cash Flow	812.63	178.34	374.8	558.87	496.31	184.08
Free Cash Flow Per Share	0.52	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	36.63%	35.38%	39.06%	34.91%	30.43%	96.12%
Operating Margin	19.83%	18.01%	24.62%	18.86%	19.66%	14.26%
Profit Margin	3.71%	4.47%	10.28%	22.80%	74.29%	1.49%
Free Cash Flow Margin	74.52%	17.23%	31.55%	68.25%	52.03%	14.60%
EBITDA	194.93	192.63	298.94	159.27	192.86	184.84
EBITDA Margin	17.87%	18.62%	25.16%	19.45%	20.22%	14.66%
D&A For EBITDA	-21.35	6.28	6.42	4.81	5.28	5.07
EBIT	216.29	186.35	292.52	154.46	187.58	179.77
EBIT Margin	19.83%	18.01%	24.62%	18.86%	19.66%	14.26%
Effective Tax Rate	34.33%	23.99%	38.06%	23.93%	4.03%	14.21%
Revenue as Reported	1,091	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.